> Epic grossed a $3 billion profit for this year
What does this even mean? Net income? Top line gross profit (meaning minus COGS), which is normally like 80% GM for heavily software enabled businesses? Ugh, tech reporters.
What does this even mean? Net income? Top line gross profit (meaning minus COGS), which is normally like 80% GM for heavily software enabled businesses? Ugh, tech reporters.
I had to read the article twice, because at first I was also confused as to whether they were referring to operating income or net income. Epic is a private company so they aren't making their income statements public.
> What does this even mean? Net income?
The number of employees at Epic appears to be ~700. I do hope that the people who did the work are getting paid handsomely. They should be, right?
* made up number