P-code files are intentionally obscured; they offer a safe method for circulation outside of your association. Pcode is a preparsed and encoded variant of the M-record. It saves money on the heap time of a function. This is in all probability not an issue aside from extensive M-documents since most are parsed just once at any rate. Pcode likewise gives you a chance to conceal the source code from others. There is no real way to change over Pcode back to the M-file source. Pcode is platform independent.