[OC] How Zoom makes money (visualization of the earnings they just released)Submitted by IncomeStatementGuy t3_11e106g in dataisbeautiful
fh3131 t1_jabw46w wrote
Reply to comment by IncomeStatementGuy in [OC] How Zoom makes money (visualization of the earnings they just released) by IncomeStatementGuy
Wow, I had never heard of a fiscal year ending on 31st January, thanks for clarifying
Redditaccount2322 t1_jacvdl4 wrote
Our FY ends in January 31st as well. It's fairly common in tech I believe for 2 reasons --
- Provides additional time to close enterprise deals after the end of the year - closing deals December 31st can be challenging, to say the least
- Reduces cost of accounting because most firms end their FY December 31st which is busy season for the big 4
Retail companies sometimes do this as well - or end a full quarter after March 31st instead of Dec 31st. Good luck to all the EY, PWC, DeLoitte people if every company ended Dec 31st lol
Viewing a single comment thread. View all comments