Valuation and Corporate Governance Consequences
CFO News Room
JANUARY 15, 2023
My forecasted revenues for 2023 of $11.2 billion I estimated in 2021 (year 8 in my IPO valuation) as revenues in my IPO valuation of the company in November 2013, and its operating margin, even with generous assumptions on R&D, was 19.02% in 2021, still below my estimate of 19.76% in that year. .
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