Indeed, the quarterly revenue raised from 115 million US$ to 126 million US$, therefore an increase of about 10%, but …
- Calculated in Euro (€) this is a quarterly increase of only 2%!
- And … registered users have gone up by 12%!
- Only 18% of the revenue is generated in the USA (therefore US$ revenue!);
- Skype is still a European company registered in Luxemburg;
- Most Skype staff are located in Europe, therefore the costs are also accountable in Euro (€).