It feels like tech compnies have figured out a way to make their numbers look better than they really are.
They keep raising prices, which boosts reported sales, even though they are not actually selling more.
So on paper it looks like growth but in reality nothing has really changed.
@OP Not that I like Oracle, but that is in fact growth as long as costs didn’t rise at the same time, and not cooking the books at all. But you are correct that investors can look at that as not as healthy of growth as market share, new product, new revenue, etc. growth.
Uhh what? This is not new this has been going on for centuries.
Revenue growth has two years. Price is the baker charging 2 silver coins instead of 1 for the same 100 loaves because he has the best bread in town.. it boosts margins but risks the neighbors buying elsewhere. Volume is the baker selling 200 loaves across two villages.. it requires more flour but proves market dominance.
They’re both growth. Oracle is doing both of these. Would be d-mb not to raise prices given inflation and money printing.
What point are you trying to make?
Cooking the books only lasts for for short periods of time. The markets have been way over bought for a long time. When this reality sets in there will be a huge downside.