Here’s a headline from the Financial Times: “Microsoft shares jump after strong AI demand lifts cloud unit.” Wow, that’s amazing! [FT, archive] But guess what — it’s false! The actual reason Micros…
FT misreading financial statements is quite embarrassing, i mean I dont mind Zilton having a bit trouble with them, even of it isnt great. But FT? Oof. (Not 100% sure they dont mean percentage points btw (as I didnt read the docs), but ft should have caught the ambiguity)
I’ve emailed Microsoft Investor Relations to clarify what they meant and why they didn’t just say “percent” if they meant “percent”. But if it had been 16 percent, they’d have been yelling it from the rooftops, and they haven’t been.
FT misreading financial statements is quite embarrassing, i mean I dont mind Zilton having a bit trouble with them, even of it isnt great. But FT? Oof. (Not 100% sure they dont mean percentage points btw (as I didnt read the docs), but ft should have caught the ambiguity)
I’ve emailed Microsoft Investor Relations to clarify what they meant and why they didn’t just say “percent” if they meant “percent”. But if it had been 16 percent, they’d have been yelling it from the rooftops, and they haven’t been.
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