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by deathanatos 1512 days ago
> its fiscal 2022 second quarter ended March 26, 2022.

Apple's 2022Q1 is completely in 2021?

2 comments

I'm not sure what I'm supposed to take away from that. I'm well aware a fiscal year doesn't need to match a calendar year, but I've never heard of a company starting prior to the calendar year, and usually it's at least month-aligned. (Almost sort of one of those "assumptions programmers make about time" article bullets…)

Like, given that the fiscal year doesn't have to match the calendar year, why not slip some leap days or not slip some leap days to at least align subsequent FYs to a month? (If not a quarter, since they seem pretty close but not quite.)

It’s actually very common among enterprise software companies
yes, I would expect many companies are based on june so Q1-Q2 are in year n-1.