What happens to timer in standby mode? [closed]

Ok. I asked my friend and this are his results:

23:21:32 : Timer started
23:21:35 : PC Goes Sleep
23:22:50 : PC Wakes
23:22:50 : Timer fired
23:23:50 : Timer fired

using System;
using System.Collections.Generic;
using System.Text;
using System.Threading;

namespace Test
{
    class Program
    {
        static System.Timers.Timer timer;

        static void Main(string[] args)
        {
            timer = new System.Timers.Timer();
            timer.Interval = 60 * 1000;
            timer.AutoReset = true;
            timer.Elapsed += timer_Elapsed;
            timer.Enabled = true;

            Console.WriteLine(String.Format("{0}:{1}:{2} : Timer started", DateTime.Now.ToLocalTime().Hour, DateTime.Now.ToLocalTime().Minute, DateTime.Now.ToLocalTime().Second));

            timer.Start();

            Thread.Sleep(Timeout.Infinite);
        }

        static void timer_Elapsed(object sender, System.Timers.ElapsedEventArgs e)
        {
            Console.WriteLine(String.Format("{0}:{1}:{2} : Timer fired", DateTime.Now.ToLocalTime().Hour, DateTime.Now.ToLocalTime().Minute, DateTime.Now.ToLocalTime().Second));
        }
    }
}

So in short. After sleeping and waking timer checks if it has missed any event. If it missed one it will fire start counting till next event from 0.