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
Redditaccount2322 t1_jacvdl4 wrote
Reply to comment by fh3131 in [OC] How Zoom makes money (visualization of the earnings they just released) by IncomeStatementGuy
Our FY ends in January 31st as well. It's fairly common in tech I believe for 2 reasons --
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