ARR has always been a bullshit number but it is an especially bullshit number nowadays because AI has destroyed software margins.

> AI has destroyed software margins.

Nobody wants to talk about or reveal the AI or software margins.

Will cause everyone to panic once they see how low the margins are getting year over year.

I guess in the sense that if your goal is to sell, you'd optimize on revenues. That being said, when I look at an income statement I am usually more suspect of costs than revenues.