the new treatment of AWS RI is interesting. it will reduced op...

the new treatment of AWS RI is interesting. it will reduced op cashflow going forward and better match the cost and revenue with RI being expensed as it's utilised and billed to customer (if I understood the accounting right). I had disliked the previous practice of amortising this asset, so certainly happy to see this development.

Looking at last year and considering the seasonality in the sector, Sep quarter is normally the lowest one in terms of cashflow as much receipt comes in the June quarter. So yesterday's report is very good IMO.

Also agree that the current valuation is pretty reasonable for entry.