| Stage | SPSC | % of rev | MSFT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $198M | 100.00% | $92.3B | 100.00% | MSFT ×466.49 |
| Gross profit | $139M | 70.16% | $62.6B | 67.79% | SPSC +2.4pp |
| Operating income | $8M | 4.25% | $45.9B | 49.76% | MSFT +45.5pp |
| Pre-tax income | $10M | 5.26% | $46.0B | 49.80% | MSFT +44.5pp |
| Net income | $7M | 3.47% | $36.6B | 39.69% | MSFT +36.2pp |
| Stage | SPSC | MSFT | Gap · A − B |
|---|---|---|---|
| Revenue | $198M100.00% | $92.3B100.00% | MSFT ×466.49 |
| Gross profit | 70.16%$139M | 67.79%$62.6B | SPSC +2.4pp |
| Operating income | 4.25%$8M | 49.76%$45.9B | MSFT +45.5pp |
| Pre-tax income | 5.26%$10M | 49.80%$46.0B | MSFT +44.5pp |
| Net income |
| 3.47%$7M |
| 39.69%$36.6B |
| MSFT +36.2pp |
None
No disclosed counterparties: SPSC.