Red Hat results kicks rump, takes names (Linux-Watch)

Posted Dec 23, 2006 17:16 UTC (Sat) by k8to (guest, #15413)
In reply to: Red Hat results kicks rump, takes names (Linux-Watch) by iabervon
Parent article: Red Hat results kicks rump, takes names (Linux-Watch)

It is customary for corporate fiscal years to overlap to some extent (like at least a week or two) with calendar years. I'm not sure that it's really a requirement. :-)

Red Hat results kicks rump, takes names (Linux-Watch)

Posted Dec 24, 2006 19:08 UTC (Sun) by iabervon (subscriber, #722) [Link]

I think when I was writing software that dealt with this, we had a test case for having the quarter that includes January 1st, 2002 be 6 quarters after Q1 2002. I don't think we had an example of a company with this financial year, but I was told that I couldn't count on it. IIRC, there's some rationale for large offsets for companies with long lead times on income, where they get paid in 2007 for work mostly done in 2005. I think it's also rare for financial years to be behind calendar years by any amount (so January 1, 2007 is rarely part of FY 2006 or FY 2008).