Wednesday, August 6, 2008

Bad results: No Fear!

Message to our investors: Don't worry about our bad results published this quarter. Indeed they are not so bad, we are making money again, although maybe not so much as we would have liked, of course.
The main reason why we made such bad numbers are indeed on purpose. We realized we were not going to fulfill our established objectives for this FY, so, instead of declaring each and every dollar we made, we took the decision (I cannot tell you who are this 'we'...), to delay the recognition of some important deals until the next quarter -people from legal forgot to sign some contracts on time; people from operations forgot to give the contracts on time to the folks in legal, and son on-. We have some good reasons for that: we will provide a better Q1 than ever, as we sill sum all the good results of our past Q4, so confidence in the company will grow up from our investors. Then, as our employees didn't meet the established objectives, we are not paying bonuses as it was expected, and that means more money for our stakeholders! And, besides that, less sales reps. made the established objectives, so we don't have to invite them to the SunRise FY09 (this year was in Hawaii, so instead of inviting 2,000 reps., it will be only the board: more money saved for the stakeholders as we save in hotels, flights and lost working hours!).

So, as I like to say, a win-win situation.

Have a nice summer.

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