Incredible Growth

incrediblegrowth.jpg

In perusing the Q3 financial release, you’ll notice that overall revenue increased 4% between Q2 and Q3 2007. But in this same time period, professional services revenue increased by 80%.

Since clearly the overall business growth can’t support this increase in consulting, perhaps someone with some more accounting expertise can explain this.

Our speculation – professional services likely decreased in Q3 due to the RIF. The “growth” represents services revenue which in the past had been fraudently recognized as license revenues.

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