Designer Brands Q2 reported gross profit, as a percent of sales, decreased by 210 bps primarily driven by a benefit recognized in the second quarter of fiscal 2018 as a result of adjusting our loyalty programs deferred revenue
due to the relaunch of the DSW VIP rewards program, the inclusion of Camuto Group which operates at a lower gross profit rate, and higher shipping costs in the current year associated with our continued success in engaging with customers across all mediums.
Investors should also focus on Pure Storage's deferred revenue
growth of 47% and its total RPO balance, which is included in the 10-Q disclosure, Rakers said.
* Deferred revenue
increased 19 percent to $2.15 billion.
at the end of the June 2019 quarter increased to $449 million as compared to $441 million at the end of the March 2019quarter.
In year 1, an entry would be made to recognize the revenue earned for the period by making a debit to deferred revenue
of $20,000 and a credit to revenue.
On top of this issue, another P17,501,500 in deferred revenue
was disclosed in Manaloto's financial statement but allegedly not reported for tax purposes.
"Total deferred revenue
from real estate that are yet to be recognised increased by 80.1% to reach EGP 2.5bn compared to EGP 1.4bn in 9M17.
At $40 per year (billed up front and recorded as deferred revenue
), Fitbit only recognizes $10 per quarter.
* Overview page showing total deferred revenue
rolling up from short term and long-term deferred revenue
to total deferred revenue
Contract drilling revenues of USD66.6m, which included USD5.9m of deferred revenue
amortization, were collected for the second-quarter 2018, down versus the contract drilling revenue of USD82.1m, which included USD6.2m of deferred revenue
amortization, for the first-quarter 2018.
Upland expects the acquisition to generate annual revenue of approximately USD 9m, subject to reductions for a deferred revenue
discount as a result of GAAP purchase accounting.