It's not a bug, precision value must be set in the follwing way:
awk -M -v PREC=10000 'BEGIN { x = 1; y = 1; result = 4*atan2 (y,x); printf
" %.50f\n", result}'
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https://bugs.launchpad.net/bugs/1805003
Title:
precision for floating number fails after 15th decimal
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