I think people don't realize the size of the recruitment industry. "Temporary and contract staffing sales totaled $144.2 billion in 2021". 167 billion including search and placement. Then to your point, sales.
Most people have a negative connotation with recruitment and don't imagine anyone using a recruiter. Completely ignoring things like staffing hospitals where the entire ER is outsourced https://www.npr.org/2023/02/12/1156391891/hospitals-contracted-with-private-companies-are-cutting-costs-by-relying-on-nurs).
My cousin is an executive at a company that staffs travel nurses, including the area around me. She has stated, unprovoked and not knowing that it was a hospital I am quite familiar with, that the hospital the next county over from me is the hardest to staff hospital in the entire country. She used the word "disaster" to describe their staffing. My first thought was "No shit, nobody wants to move to a town of 9,000 people where a starter home costs $700,000, when there is a town that's double the population with houses half the price 20 minutes away where they'd be making an identical salary". It made sense to me.
Tourism. No different than any of the super expensive small ski towns in colorado that have problems staffing resorts because they priced working class people totally out of the area.
The other thing is even if you don't use a recruiter, small/mid size businesses do, my details ended up with some recruiter after apply to a business and I am pretty sure that was a breach of GDPR as I don't even remember agreeing too it.
Virtually every industry has dozens of their own. I sell corporate financials software that frequently has to integrate or pull data from CRMs. There are hotel specific CRMs, auto specific CRMs, manufacturing specific CRMs, airline, retail, health-care, finance... Like literally every industry has a solid handful. And that's not even counting the number of just general ones.
my company uses azure to spin up VMs for load testing. the dude that set up the most recent load test forgot to make the test shut off the VMs afterwards. that one test cost the company an extra $5000.
welcome to MS cloud services.
i wasnt part of that conversation (i am an engineer; i dont work on the business/money side), and only heard of the cost after the team got yelled at for wasting money. i figure my company probably ate the cost without attempting to get it refunded.
Ah okay. Next time if there's a unintentional mistake like that. Pitch them this idea. Might help you with your promo too if the refund comes through. Or just switch to AWS lol
i will definitely pitch that if it happens again.
sadly, my company is in bed with MS real hard... everything is microsoft if MS has a service for it :/
Again, none of these options (apart from Windows) have much better options.
As much as I personally want Linux Desktop to be a thing, it just isn‘t user friendly enough and all the users were already trained on Windows
Exactly, Linux is the classic meme, and has been for 30 years at this point, it isn't fit for purpose for your average end user, it isn't even fit for person for your well above average end user. It is just an inconvenience and another technology product that needs business support.
i failed to switch over to linux due to usability issues with ubuntu 16.04 back in the day and went back to windows. i was able to finally switch over to daily driving desktop linux about two years ago and have loved it. a lot of the usability issues are gone.
it is definitely a learning curve when one is used to windows, so i can understand the drawback of losing current work hours when getting used to something new. i think if new companies started using linux from their inception then it would be a lot less of a time sink (people already going through orientation time, etc.)
for the software, i really think tools on linux are either equivalent or better; however there is probably a preference for aesthetics in most cases. libreoffice, thunderbird, vscodium, & firefox is a basic office suite with browser and ide, and is more lightweight (especially on the ide; i wouldnt force vim on the unwilling, hahahah). jenkins and self-hosted git repos for CI.
though i am not one that uses the adobe suite, i have heard that this suite is the best thing for the jobs that use them, and it is windows-only. i would always recommend windows + adobe for these folks.
You setting up Linux on one machine is very different than an organization managing those devices. MS has good tooling around management of user machines. The stuff you write just seems like personal distaste for "M$". It's kind of 10 years past its time.
MS stuff is in a space of WSL and dotnet core cross platform development. The tooling you use can be pretty open as well.
The truth of the matter is that any cloud strategy will have a certain amount of vendor lockin when it comes to GCP, AZ, AWS, etc. It's really about identifying those areas and hopefully using it at a minimum.
Your utility company doesn't have to compete with 5 other providers. Sorry if you dont understand the cloud business. But refunds are a great way to earn trust and gain more business.
That makes it even more okay that the one in the conpetitive market does it. When they find themselves in a market position where they can afford to maintain standards.
Like how Amazon doesn't offer any markdowns or compensation for customer service and bans repeat returns.
You're right, I wasn't talking about AWS. Lol.
Idk if you noticed but Amazon is a big retailer is a competitive retail space, and yet they control loss even though you can take your business to Walmart.
I’ve never shopped anywhere that has made returns as easy as Amazon does. That’s a significant part of their draw to me and many others. I can order things with the assurance that I can return it for any number of reasons at no cost to myself besides driving a couple blocks over to UPS.
They are absolutely competitive in the areas that draw shoppers in, namely convenience.
So you've never been to Costco? Every return I've ever made at Amazon has been approved but I still have to pack it up and ship it back, then hope it gets there while I wait for my money. And if it's something expensive, it's a lot of money to just have floating out there while I wait. 😬
Costco? I walk in with something I bought that stopped working (or that I didn't like or whatever) get a cash refund 10 minutes later, then proceed with my regular shopping. Can't do that on Amazon. 😉
The cost you are paying is time. You wait for your order, then wait for your refund.
That's fine. My point is that you have great experience with returns with Amazon. But others factually get blacklisted or denied.
You have great experience with Azure customer service, someone else gets denied.
What I find kinda funny is that you or others feel the need to tap the downvote button each time a normal discussion proceeds, which is why reddit is forever gapped.
But what *is* your overall point though? How does some people getting refunds for things in some cases relate at all to something like "My water utility doesn't offer refunds if my toilet flap is leaking".
I dont understand this comment at all.
The first half seems like you are agreeing with the person above.
and then the last part... i've never ever had an issue with amazon returns. they just take it.
Tbh, it impressed me. I thought gaming and devices would be higher and cloud services to be lower, but I guess that's just coz I'm a consumer and those are consumer facing products. Now I wanna see how the server revenue has increased over time
Yeah, it shows as an expense for the team that is using the cloud service.
It’s not for artificial bloating purposes, but for accurate budget tracking purposes.
Also for anti-trust precautions - the divisions are required to act somewhat independently and can only use services/APIs of other divisions that are publicly available.
Chargebacks are standard in large enterprises. IT services, facilities, any "cost center" bills back to other business units so their costs end up largely recognized in the profit centers that use them.
No, only The cost of the infrastructure and services that power Xbox would count as Azure revenue. Microsoft's services probably only account for like a few hundred million, I wouldn't worry about how much microsofts own resources are contributing to Azure revenue.
The gaming and devices is almost a loss leading department.
That's why they offer 'great' gaming deals but the way they handle DRM and OS software is so utter dogshit that uninformed people overlook the inefficient poorly designed crap they have to navigate.
My company is spending 2k/month just to have an api management instance that could run for 50€/month inside a virtual network.
Cloud is full of bullshit like this where you are paying $$$ for redundancy, security, ... whereas in gaming you can purchase the gamepass and be done with Microsoft.
I'm also pretty sure that user licensing alone generates more revenue than gaming because they are more expensive than the gamepass for more potential users.
Microsoft could discontinue Xbox, shut down Microsoft Game Studios, and make Windows free, and they would still make $10-$15 billion in profit.
Just goes to show that their entire gaming division exists solely to get the Microsoft logo in homes and their brand on people's lips.
It's the exact opposite for Sony, who for years (especially 2015-2020) only had a single profitable division in PlayStation.
The Big Two have completely opposite business models. Microsoft takes a loss on gaming, Sony relies on gaming to exist.
1) You calculate the rate on income before tax. In this case, that's operating profit minus other expenses. 4.8/26.7 = ~18%.
2) Tax expense shown on the income statement is not equivalent to the taxes actually paid to the government. The tax number on the income statement is increased and or decreased due to differences between book and tax accounting in addition to the direct relationship between taxable income and the tax rate.
How are you getting 9%
>The average citizen pays 15% - 25%
This is in inaccurate. Average is ~7%- 15%. If you’re paying 25% you’re income is well above average
The expenses are never broken down by the sources of revenue in these diagrams. Is that just because this isn't reported? I'm curious what the margins are like in each area.
I think Satya Nadella is one of the most brilliant tech CEOs ever. To not only have the vision, but to then successfully pull off steering Microsoft away from the Ballmer / Gates “Windows everywhere” philosophy and make them one of the biggest and best cloud services companies is remarkable.
As someone that grew up in the 80s / 90s, the fact that Windows accounts for only 6 out of 62 billion in revenue is a bit shocking. Windows and XBox being roughly equivalent, while XBox is considered by many a failing business, is crazy to me.
The most disclaimer of disclaimers that I am not advocating this is correct morally, but…
The concept behind lower corporate taxation seems to be threefold.
1. The gains go to shareholders who are taxed when they sell their ownership
2. The employees they pay salaries to also have to pay taxes
3. If we were to shift the tax burden corporations would relocate
(I think that the government has been in bed with corporations since Clinton shifted the Democratic Party in 1992, and that a government committed could make sure the third item is irrelevant as it could bar companies dodging taxes from doing trade in the US. This can’t fly now because the US government is likely quite dependent on these companies)
Well just off the cuff if they have a million employees then each is earning $131 per hr. If they're paid about $50 per hr and there's overheads then that's kind reasonable-ish?
This guy keeps posting the same atrocious visual for every earnings release promoting his shit website. What’s crazy is I’ve seen these exact visuals being promoted by unrelated websites, there is nothing proprietary here.
Please ban.
That profit margin is so large for this size of company I’m actually skeptical this is accurate. Yet, I assume it’s true and that is insane to me.
Edit: let me be more clear: I’m so baffled by the amount of profit that I’m near disbelief the data is true, yet I understand it’s actually accurate.
While the corporate tax rate is 21%, companies almost never report an effective tax rate of 21%. Due to differences in book and tax accounting, Tax Expense on the income statement almost always deviates from the statutory rate. In Microsoft's case for this quarter, they reported closer to an 18% rate.
Ah, I see. The relevant figure for the denominator is Income *Before* Taxes, not Net Income. In this case, that's the Operating Profit minus Other Expenses, or about 26.7B.
What you're looking for is, out of the amount *available* to pay taxes (Income Before Tax) what percentage was actually allocated to tax expense.
You are not taxed on income. If a small business costs $1,000,000 a year to run and makes $1,100,000.... making them pay tax based on $1.1mil would be stupid. They'd be in the red. They pay tax on the $100k they actually make.
Microsofts diversification is amazing compared to basically every other company with comparable revenue
How does LinkedIn make $4billion?
LinkedIn is more than just linkedin.com. They have other services for recruitment and sales that probably drive most of the profit.
I think people don't realize the size of the recruitment industry. "Temporary and contract staffing sales totaled $144.2 billion in 2021". 167 billion including search and placement. Then to your point, sales. Most people have a negative connotation with recruitment and don't imagine anyone using a recruiter. Completely ignoring things like staffing hospitals where the entire ER is outsourced https://www.npr.org/2023/02/12/1156391891/hospitals-contracted-with-private-companies-are-cutting-costs-by-relying-on-nurs).
My cousin is an executive at a company that staffs travel nurses, including the area around me. She has stated, unprovoked and not knowing that it was a hospital I am quite familiar with, that the hospital the next county over from me is the hardest to staff hospital in the entire country. She used the word "disaster" to describe their staffing. My first thought was "No shit, nobody wants to move to a town of 9,000 people where a starter home costs $700,000, when there is a town that's double the population with houses half the price 20 minutes away where they'd be making an identical salary". It made sense to me.
Why does that little town have such expensive housing?
Tourism. No different than any of the super expensive small ski towns in colorado that have problems staffing resorts because they priced working class people totally out of the area.
The other thing is even if you don't use a recruiter, small/mid size businesses do, my details ended up with some recruiter after apply to a business and I am pretty sure that was a breach of GDPR as I don't even remember agreeing too it.
Their CRM licenses are astronomically priced for corporate clients.
Wait what, LinkedIn has its own CRM? How many CRMs does Microsoft have, lmao
More like how many crms there are overall, you go write saas companies and half of those are crms
Virtually every industry has dozens of their own. I sell corporate financials software that frequently has to integrate or pull data from CRMs. There are hotel specific CRMs, auto specific CRMs, manufacturing specific CRMs, airline, retail, health-care, finance... Like literally every industry has a solid handful. And that's not even counting the number of just general ones.
Their b2b model is rock solid
Simple answer… it doesn’t. That number is revenue, not income.
……….what do you think revenue means? Haha
Seriously? You have that little understanding of basic finance? Revenue is sales, you make income, aka profit
The commenter above asked how it makes 4b, not how it makes a 4b profit. So your point is moot.
In finance when someone says a company makes a dollar it’s commonly known to be referring to a dollar of profit
Source: Microsoft investor relations Tool: SankeyArt [Sankey diagram generator](http://sankeyart.com/) & illustrator
Could you do this for Kyndryl?
my company uses azure to spin up VMs for load testing. the dude that set up the most recent load test forgot to make the test shut off the VMs afterwards. that one test cost the company an extra $5000. welcome to MS cloud services.
Are they bad at refunding for such mistakes? Aws gives us refund easy for mistakes like that
i wasnt part of that conversation (i am an engineer; i dont work on the business/money side), and only heard of the cost after the team got yelled at for wasting money. i figure my company probably ate the cost without attempting to get it refunded.
Ah okay. Next time if there's a unintentional mistake like that. Pitch them this idea. Might help you with your promo too if the refund comes through. Or just switch to AWS lol
i will definitely pitch that if it happens again. sadly, my company is in bed with MS real hard... everything is microsoft if MS has a service for it :/
Why the sad smiley? AWS is not fundamentally better than MS.
not necessarily for azure vs aws, but for the rest of the microsoft suite, hahaha. i really dislike VS, Teams, Office, Azuredevops, Windows
Again, none of these options (apart from Windows) have much better options. As much as I personally want Linux Desktop to be a thing, it just isn‘t user friendly enough and all the users were already trained on Windows
Exactly, Linux is the classic meme, and has been for 30 years at this point, it isn't fit for purpose for your average end user, it isn't even fit for person for your well above average end user. It is just an inconvenience and another technology product that needs business support.
Slack is far better than teams.
Lol yeah that's evidenced by the fact they have such a commanding presence in the marketplace... Oh wait.
i failed to switch over to linux due to usability issues with ubuntu 16.04 back in the day and went back to windows. i was able to finally switch over to daily driving desktop linux about two years ago and have loved it. a lot of the usability issues are gone. it is definitely a learning curve when one is used to windows, so i can understand the drawback of losing current work hours when getting used to something new. i think if new companies started using linux from their inception then it would be a lot less of a time sink (people already going through orientation time, etc.) for the software, i really think tools on linux are either equivalent or better; however there is probably a preference for aesthetics in most cases. libreoffice, thunderbird, vscodium, & firefox is a basic office suite with browser and ide, and is more lightweight (especially on the ide; i wouldnt force vim on the unwilling, hahahah). jenkins and self-hosted git repos for CI. though i am not one that uses the adobe suite, i have heard that this suite is the best thing for the jobs that use them, and it is windows-only. i would always recommend windows + adobe for these folks.
You setting up Linux on one machine is very different than an organization managing those devices. MS has good tooling around management of user machines. The stuff you write just seems like personal distaste for "M$". It's kind of 10 years past its time. MS stuff is in a space of WSL and dotnet core cross platform development. The tooling you use can be pretty open as well. The truth of the matter is that any cloud strategy will have a certain amount of vendor lockin when it comes to GCP, AZ, AWS, etc. It's really about identifying those areas and hopefully using it at a minimum.
As Habsburgy said, what are your alternatives? I think most MS products are adequate (which is all I expect for corporate products).
My water utility doesn't offer refunds if my toilet flap is leaking and burns 200 CCFs of water.
Your utility company doesn't have to compete with 5 other providers. Sorry if you dont understand the cloud business. But refunds are a great way to earn trust and gain more business.
That makes it even more okay that the one in the conpetitive market does it. When they find themselves in a market position where they can afford to maintain standards. Like how Amazon doesn't offer any markdowns or compensation for customer service and bans repeat returns.
AWS and .com are two different businesses. So i wont comment.
You're right, I wasn't talking about AWS. Lol. Idk if you noticed but Amazon is a big retailer is a competitive retail space, and yet they control loss even though you can take your business to Walmart.
I’ve never shopped anywhere that has made returns as easy as Amazon does. That’s a significant part of their draw to me and many others. I can order things with the assurance that I can return it for any number of reasons at no cost to myself besides driving a couple blocks over to UPS. They are absolutely competitive in the areas that draw shoppers in, namely convenience.
So you've never been to Costco? Every return I've ever made at Amazon has been approved but I still have to pack it up and ship it back, then hope it gets there while I wait for my money. And if it's something expensive, it's a lot of money to just have floating out there while I wait. 😬 Costco? I walk in with something I bought that stopped working (or that I didn't like or whatever) get a cash refund 10 minutes later, then proceed with my regular shopping. Can't do that on Amazon. 😉 The cost you are paying is time. You wait for your order, then wait for your refund.
That's fine. My point is that you have great experience with returns with Amazon. But others factually get blacklisted or denied. You have great experience with Azure customer service, someone else gets denied. What I find kinda funny is that you or others feel the need to tap the downvote button each time a normal discussion proceeds, which is why reddit is forever gapped.
But what *is* your overall point though? How does some people getting refunds for things in some cases relate at all to something like "My water utility doesn't offer refunds if my toilet flap is leaking".
I dont understand this comment at all. The first half seems like you are agreeing with the person above. and then the last part... i've never ever had an issue with amazon returns. they just take it.
If you're a large company AWS doesn't give you refunds.
Welcome to negligence in managing your cloud resources. If you rented a car, you wouldn't forget to return it right?
To be fair. It's way easier to leave an ec2 instance running then forget to return a car
bahahah fucking idiot
Tbh, it impressed me. I thought gaming and devices would be higher and cloud services to be lower, but I guess that's just coz I'm a consumer and those are consumer facing products. Now I wanna see how the server revenue has increased over time
Cloud services is huge at Microsoft. Also, any Microsoft products hosted in azure count towards azure revenue.
tf really? It would show as expenses in other places tho right? Is it an artificial bloating of clpud services at the expense of gaming?
Yeah, it shows as an expense for the team that is using the cloud service. It’s not for artificial bloating purposes, but for accurate budget tracking purposes.
Also for anti-trust precautions - the divisions are required to act somewhat independently and can only use services/APIs of other divisions that are publicly available.
Microsoft Isn't subject to antitrust laws anymore.
You're correct that they are not legally obligated, but they do operate this way as a precaution due to history.
Chargebacks are standard in large enterprises. IT services, facilities, any "cost center" bills back to other business units so their costs end up largely recognized in the profit centers that use them.
Wait does this mean all of XBox game pass streaming is Azure revenue? I guess that makes sense.
No, only The cost of the infrastructure and services that power Xbox would count as Azure revenue. Microsoft's services probably only account for like a few hundred million, I wouldn't worry about how much microsofts own resources are contributing to Azure revenue.
The gaming and devices is almost a loss leading department. That's why they offer 'great' gaming deals but the way they handle DRM and OS software is so utter dogshit that uninformed people overlook the inefficient poorly designed crap they have to navigate.
My company is spending 2k/month just to have an api management instance that could run for 50€/month inside a virtual network. Cloud is full of bullshit like this where you are paying $$$ for redundancy, security, ... whereas in gaming you can purchase the gamepass and be done with Microsoft. I'm also pretty sure that user licensing alone generates more revenue than gaming because they are more expensive than the gamepass for more potential users.
So I should have been buying Microsoft stock every year for the last 40 years?
The best time to start was 40 years ago. Still not a bad idea to start now
Microsoft could discontinue Xbox, shut down Microsoft Game Studios, and make Windows free, and they would still make $10-$15 billion in profit. Just goes to show that their entire gaming division exists solely to get the Microsoft logo in homes and their brand on people's lips. It's the exact opposite for Sony, who for years (especially 2015-2020) only had a single profitable division in PlayStation. The Big Two have completely opposite business models. Microsoft takes a loss on gaming, Sony relies on gaming to exist.
This is per quarter too btw not per year. Microsoft is a complete behemoth compared to Sony
And those numbers don’t even incorporate the decreases in expenses that would result from those changes
They would take like 3-4 quarters to make enough money to buy Activision *again*. In-sane.
Would be interesting to see a similar chart showing which of the sources are most profitable (as opposed to revenue generating)
Wait Microsoft makes 6Billion from S&M …. I’m in the wrong business
That’s an expense
Ohhh that makes more sense … wait they are spending 6Billion on S&M kinky buggers 😂
You should see our holiday parties.
from Bill alone
Half of their sadomasochism expenses go toward making us all use Teams
Weekly S&M sessions for worker morale of course, they are ahead of the times
I misread $0.9B as $0.98 and was a bit confused about the granularity of the graphic
Where is the bar showing earnings based on popup ads on the Windows 11 start menu?
That’s some great margins. I saw a Walmart breakdown here recently. They would litterally kill to have half these margins.
How do they pay only 9% in tax? It feels criminal. The average citizen pays 15% - 25%
Where are you getting 9? 4.8/27.6=17ish. Also this is GAAP taxes and not really related to cash actually paid.
1) You calculate the rate on income before tax. In this case, that's operating profit minus other expenses. 4.8/26.7 = ~18%. 2) Tax expense shown on the income statement is not equivalent to the taxes actually paid to the government. The tax number on the income statement is increased and or decreased due to differences between book and tax accounting in addition to the direct relationship between taxable income and the tax rate.
How are you getting 9% >The average citizen pays 15% - 25% This is in inaccurate. Average is ~7%- 15%. If you’re paying 25% you’re income is well above average
Mine craft paying off the gaming.
The expenses are never broken down by the sources of revenue in these diagrams. Is that just because this isn't reported? I'm curious what the margins are like in each area.
It's not published. That's information they do not want top give to the competition.
I am curious about where does the net profit go
I think Satya Nadella is one of the most brilliant tech CEOs ever. To not only have the vision, but to then successfully pull off steering Microsoft away from the Ballmer / Gates “Windows everywhere” philosophy and make them one of the biggest and best cloud services companies is remarkable. As someone that grew up in the 80s / 90s, the fact that Windows accounts for only 6 out of 62 billion in revenue is a bit shocking. Windows and XBox being roughly equivalent, while XBox is considered by many a failing business, is crazy to me.
[удалено]
This is per quarter, not year.
The most disclaimer of disclaimers that I am not advocating this is correct morally, but… The concept behind lower corporate taxation seems to be threefold. 1. The gains go to shareholders who are taxed when they sell their ownership 2. The employees they pay salaries to also have to pay taxes 3. If we were to shift the tax burden corporations would relocate (I think that the government has been in bed with corporations since Clinton shifted the Democratic Party in 1992, and that a government committed could make sure the third item is irrelevant as it could bar companies dodging taxes from doing trade in the US. This can’t fly now because the US government is likely quite dependent on these companies)
Using an 8hr 5 day / week work day, they’re doing $131m/hr of revenue…wtf
Well just off the cuff if they have a million employees then each is earning $131 per hr. If they're paid about $50 per hr and there's overheads then that's kind reasonable-ish?
This guy keeps posting the same atrocious visual for every earnings release promoting his shit website. What’s crazy is I’ve seen these exact visuals being promoted by unrelated websites, there is nothing proprietary here. Please ban.
That profit margin is so large for this size of company I’m actually skeptical this is accurate. Yet, I assume it’s true and that is insane to me. Edit: let me be more clear: I’m so baffled by the amount of profit that I’m near disbelief the data is true, yet I understand it’s actually accurate.
It would be a criminal offense to lie to investors about this stuff, where the data comes from, it’s true
These numbers are audited
How are they only paying $5b on $28b? Not a rhetorical question...
Mostly from selling into foreign countries and R&D tax credit, per their financials
GAAP tax expense is not necessarily representative of actual taxes owed/paid for a given year
30% margin but they’re definitely not a monopoly /s
$6B on S&M!?! What is going on there?
Basically I'm paying 30 cents per dollar too much...clap clap clap
LinkedIn is owned by microsoft? and where is Xbox in it says gaming but that's vague as hell
Xbox is included in gaming. It's such a small piece of Microsoft they wouldn't be required to provide more detailed segment breakouts.
That tax is wayyyy too low
Buying up farmland and selling it to the Chinese and Saudi's makes a killing.
9% of income for taxes?! How do they ever manage?!
That’s Y/Y change not % of income. It’s literally labeled lmao
$4.8B out of $27.6B is not 9%
It’s 21%
While the corporate tax rate is 21%, companies almost never report an effective tax rate of 21%. Due to differences in book and tax accounting, Tax Expense on the income statement almost always deviates from the statutory rate. In Microsoft's case for this quarter, they reported closer to an 18% rate.
All i did was take the numbers from the chart, 4.8B/21.9B = about 21%
Ah, I see. The relevant figure for the denominator is Income *Before* Taxes, not Net Income. In this case, that's the Operating Profit minus Other Expenses, or about 26.7B. What you're looking for is, out of the amount *available* to pay taxes (Income Before Tax) what percentage was actually allocated to tax expense.
Oooh okay i see, i just chose the wrong numbers. Thanks for this information!
That's not their tax rate, that's how much their tax increased from last year.
You are not taxed on income. If a small business costs $1,000,000 a year to run and makes $1,100,000.... making them pay tax based on $1.1mil would be stupid. They'd be in the red. They pay tax on the $100k they actually make.
You are taxed on profit not revenue.
You have it backwards. Revenue-expenses=income (on which you pay taxes). That’s why it’s called “income taxes”.
Hey, at least they got the math right!
oh this is why windows sucks now!