The growth in Billing revenues are simply because of old backlog from last year.
However, the booking in Q1 are catastrophic:
USA - down 10%
EMEA - down 23%
APJC - down 10%
Overall down 14%. !!!!
Look at slide #13
https://s2.q4cdn.com/951347115/files/doc_presentations/2022/11/Q1FY23-Earnings-Slides.pdf
Not too bad...
Against the backdrop of COVID it spend (+35% comparison Q) the return to normal of only +10% isn't bad it's positive
OP: not sure why you are reading "down" on those numbers? What says that they are down numbers and not @UP@ numbers? Just a question, I am not a Cisco pumper.
Accounting convention, numbers in parenthesis are negative.
The SP number is staggering at 23% down Y-Y. Enterprise and Commercial down 13% and 14% respectively.
There’s absolutely no way to spin those numbers in a positive way.
OP: not sure why you are reading "down" on those numbers? What says that they are down numbers and not @UP@ numbers? Just a question, I am not a Cisco pumper.