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I read parent comment "grew 35% last quarter" as (income on 2024-09-30) is 1.35 * (income on 2024-07-01)

The balance sheet shows (income on days from 2024-07-01 through 09-30) is 1.35 * (income on days from 2023-07-01 through 09-30)

These are different because with heavily handwavey math the first is growing 35% in a single quarter and the second is growing 35% annually (by comparing like-for-like quarters)

It's indeed the typical interpretation of what I've said. I could have written YOY growth but it's so common that that's what everyone means people many times omit it.

35% over 12 months != 35% over 3 months.

In the financial industry you almost always compare over 12 months (year over year growth) to avoid noise like seasonality. It's so prevalent I didn't think I need to explain it but yeah I meant GCP grew 35% YOY.