Thread regarding DXC Technology layoffs

One issue with GAAP vs non-GAAP numbers is that the GAAP number are the only numbers which enable a straight comparison with a company's competitors.

A lot of the big companies are now presenting both traditional financial GAAP together with the Non-GAAP these days, in the belief that the non-GAAP might show less volatility (have less noise) and thus are a more accurate representation of the drivers of the company's future than the traditional ones. Just saying.

In theory, they should give a better insight into performance, like churn rate or average revenue per user and stuff not normally associated with financial reports - as long as the information is not misleading. Even better if they are able to correlate the GAAP to the Non-GAAP to draw an overall picture.

As an investor you'd want to see both: the traditional accounting history and the more current volatile situation as an indication of the company's true worth and whether it's worth placing your funds on 32 red.

kepala bapak kau!

I think several of us on here predicted this.

I should quit this craphole and work on the stock exchange.

The only missing piece from what has been said so far is that "non-GAAP" is the term bandied around in anything Mikey and Paul say.

For anyone not familiar with the term, GAAP is "generally accepted accounting principles". That's principles like you take your income, subtract your outgoings and the bit left is profit. You know, basic stuff like that.

Non-GAAP is where you do things like take your income, don't subtract all of your outgoings, make some excuses why this that and the other shouldn't be included this time around and come up with a really impressive figure.

Basically, when you see "non-GAAP", read "lies"

I’ll have to catch the recorded call. Declining revenue but rising profits. Thanks to all those sacrificed on the layoff altar.