Comment by tovej

Are you just speculating now? No source mentions growth.

The source you linked says: "Friar told staffers that annualized recurring revenue in July was higher than in the second quarter as a whole."

If we're charitable that means they annualized the quarter, i.e. multiplied by 4.

Which, if both measures are ARR, just means that a single month outperformed the average of three months, which is something that happens 50% of the time. Something you can opportunistically say whenever the coin flips the right way.

The less charitable reading is even worse, that one month's revenue times 12 is more than three months worth of revenue. Because duh.

Neither of these makes any sense.