Comment by omnicognate
7 hours ago
Revenue and profit are indeed different, and revenue is the relevant number here. If you need an explanation of why, perhaps someone else can furnish it. It's 2am here and I'm going to bed.
> Companies try to cheap out all the time, in incredibly stupid ways.
Yeah, and sometimes that results in someone turning their freezers into ovens. I don't think we disagree on this bit.
Great! We're all convinced now by this lucid chain of arguments. Especially those of us who have run or own businesses.
Having had a wonderful 4 hours of sleep, here's the free lesson I couldn't be bothered with last night:
Grocery store owner A's revenue last year was €500,000. Its profit was €0. It does not have an IT department because it's a corner shop that employs 2 people and has one computer.
Grocery store owner B's revenue last year was €50,000,000,000. Its profit was €0. It has an IT department because it's a huge fucking corporation with a thousand massive stores, multiple office blocks, 150,000 employees and all of the networking and IT infrastructure an operation of that size needs. It's considering opening a bank.
The number that tells you the difference between the scales of these two companies is the revenue, not the profit.
I need to stop wasting my time on the pit of ignorance this site has become.
I admire you having the patience to even come back to people who are just pretending to know it all. This thread is specially bad.