Kind of like Leckrone's "MMP is worth $1B" comments. Sure, it's great that they have backlog, but back log does not equal revenue per PDSG's accounting methods. Perhaps you should re-read the following as it says "authoritative" not "milestone's" guidance:

"PDSG accounts for revenue on these arrangements according to authoritative guidance for contract accounting. Under this guidance, PDSG recognizes revenue based on progress towards contract completion measured by actual hours incurred in relation to the estimate of total expected hours. PDSG measures these revenues by applying the contract-specific estimated percentage of completion to the total contract amount for software and professional services. PDSG routinely updates the estimates of future hours for agreements in process and reports any cumulative effects of such adjustments in current operations. PDSG immediately recognizes any loss expected on these contracts when it is projected that loss is probable.

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Be well informed