Nearly five years to the day after a gunman entered Marjory Stoneman Douglas High School in Parkland, Florida and killed 17 people, a gunman o... An Indian Trail High School and Academy student is likely to face charges after he was found to be in possession of a gun at the school on Monday. According to Kenosha Police Department Lt. Josh Hecker, the student resource officer at Indian Trail began investigating a tip about a student with a weapon around 10:20 a.m. Monday. KUSD Superintendent Jeff Weiss and KPD Chief Patrick Patton issued a statement to Indian Trail families which says the district became concerned after being informed about a photo of a gun being circulated on social media. "Upon learning of the social media post, Kenosha Unified staff implemented a threat assessment. It included identifying the individual involved, securing the student's location, and collaborating with the Kenosha Police Department to ensure safety," they stated. The student, a 16-year-old boy, did not use the gun to threaten teachers or students while at school. "Two officers conducted initial searches that did not uncover the weapon. However, a subsequent search revealed it during the student’s detention," the joint statement indicated. Kenosha police are reviewing the incident to evaluate whether procedures used by each of the officers involved were performed in accordance with training standards. "We are also working with Kenosha Unified to avoid future incidents like this from happening again," they stated. Hecker said charges of terroristic threats and possession of a firearm on school grounds, among other misdemeanor charges, are being referred to the Kenosha County District Attorney's Office. In separate trials earlier this year, Jennifer and James Crumbley became the first parents in U.S. history to be convicted of involuntary manslaughter for a mass shooting committed by their child. On April 9, they were each sentenced to 10–15 years in prison , the maximum penalty for the crime. Prosecutors argued the Crumbleys ignored urgent warning signs that their son Ethan was having violent thoughts, and that the parents provided access to the gun he used to kill four classmates and injure seven other people at his school in November 2021. According to The Marshall Project , legal observers have said that the facts of the case are unusual , yet many still wonder if it now sets a precedent for a "slippery slope," where more parents could be criminally charged for what their children do. "I don't have a lot of confidence in the exercise of prosecutorial discretion to pick and choose only cases like this," Northern Illinois University law professor Evan Bernick told Al Jazeera. "Once you've got a hammer — and this is definitely a hammer — everything can look like a nail." Some worry that while the Crumbleys are white, an expansion of criminal charges against parents for the actions of their children would disproportionately affect Black parents or poor parents. That's the concern in Tennessee, where some lawmakers recently introduced a bill that would fine parents up to $1,000 if a child commits more than one criminal offense . At least one other recent school shooting case has also led to the novel application of criminal charges against adults. In Newport News, Virginia, prosecutors charged a former assistant principal with felony child neglect. The charges came after a grand jury report concluded that school administrators ignored four warnings from students and staff that a 6-year-old boy had a gun at school. The boy shot his teacher the same day. Like in the Crumbley case, the charge against a school administrator is believed to be the first of its kind , and prosecutors said Thursday that there could be more charges to come . Deja Taylor, the mother of the child, was sentenced to two years for child neglect in December . The state sentence was in addition to a separate 21 months for federal crimes related to her purchase of the gun used. The Newport News elementary school shooting was a test case for the legal question of how young is too young for a child to face criminal charges. Prosecutors have since said they will not charge the boy , but legally nothing stopped them from doing so. Last month, Virginia Gov. Glen Youngkin vetoed a bill that would have restricted prosecutors from charging children younger than 11, saying in part that it undermined public safety. A group of former and current prosecutors chimed in on Youngkin's decision, arguing in a USA Today opinion article that, "A child who can barely read needs treatment, not incarceration, and there are countless ways to address accountability and also get that child the necessary support to thrive and grow without involving a courtroom or prosecution." In Maryland, the issues of charging parents for what children do, and how young is too young for criminal prosecution, have also been roiling. There, state lawmakers passed a bill that will let prosecutors charge children as young as 10 with certain crimes. The previous limit was age 13. The move comes as some crimes spike, especially carjackings , allegedly committed by young people. It also follows a pair of high-profile mass shootings involving young people last year. But the measure also comes against the backdrop of an overall decline in youth crime in the state over the past decade. Only a handful of children in Maryland each year are accused of the crimes in the new law, something that advocates on both sides of the legislation have pointed to, according to reporting by The Baltimore Banner's Brenda Wintrode. Opponents of the law said it was unnecessary to address something so uncommon . Critics also generally argue that involvement with the juvenile criminal justice system may create more crime rather than prevent it. Supporters of the law said that given the small number of incidents, the legislation won't cause a notable increase in the number of kids being pulled into the system. Kids aren't the only ones who could start being pulled into the system more often in Maryland. In an announcement highlighting the arrest of 20 young people accused of crimes earlier this month, Baltimore City State's Attorney Ivan Bates made a point to mention "parental accountability," warning: "From here on out, if you are found to be contributing to the delinquency of a minor child, my office will look to charge you and hold you accountable." This story was produced by The Marshall Project , a nonpartisan, nonprofit news organization that seeks to create and sustain a sense of national urgency about the U.S. criminal justice system, and reviewed and distributed by Stacker Media. Get the latest in local public safety news with this weekly email.(The Center Square) – HelloFresh, the largest meal-kit provider in the U.S., faces accusations from the U.S. Department of Labor of employing migrant children at a factory located in Aurora, Illinois. ABC7 reports at least six teenagers from Guatemala were found working night shifts at the factory. HelloFresh cut ties with Midway Staffing, an agency that hires migrants and is being investigated by the federal labor agency. The Illinois Department of Labor told The Center Square it had “no comment.” State Rep. Chris Miller called the incident an example of “state-sanctioned” human trafficking. "Tom Homan [President-elect Donald Trump’s pick for border security] will be like a pit bull getting this stuff done. I think Illinois will be a prime place to start. I think that they should start by throwing our governor and some of these politicians in jail for facilitating this nonsense,” said Miller. HelloFresh told ABC7 they were “troubled” by the staffing agency who facilitated the hiring of migrant children but are a partner of Tent Partnership for Refugees. Miller explained Tent is a nonprofit that supplies big corporations, like HelloFresh, with cheap “refugee” labor. In December 2022, U.S. Secretary of State Antony Blinken signed a memorandum of understanding with the Tent Partnership to "expand economic opportunity for refugees" in the private sector. "This is inhuman and immoral and it’s all because of the open border policy and cities and states adopting a ‘sanctuary status,’” said Miller. “This isn’t an ‘oops.’ This is on purpose and it’s all part of a multinational human/sex-trafficking and child labor ring.” According to the Reform for Illinois’ campaign finance database, Midway Staffing has made campaign contributions to many Illinois politicians like city of Berwyn, Mayor Robert Lovero, state Rep. Fred Crespo, D-Hoffman Estates, Secretary of State Alexis Giannoulias and state Sen. Donald DeWitte, R-St. Charles. A recent law impacting child labor was passed by state Sen. Robert Peters, D-Chicago, and signed by the governor. The bill requires all minors end work by 7 p.m. on school nights. Peters said the law, which goes into effect in January, ensures young Illinoisans have a healthy balance between their work responsibility and personal lives. “There are people out there who want to move our child labor laws in the other direction and weaken them,” Peters said at a news conference in the spring. “We are trying to strengthen them and people take that positively. [For example] you have a kid, you don’t want to have your kid working in that environment [hazardous meat-packing plant], you want them focused on their schooling or playing with their friends.” Miller said politicians are going to pretend to care by introducing bills like Senate Bill 3646. “The problem is that these people are illegals. They've been brought here by the Democrat administrations, both federally and in the state of Illinois,” said Miller. “They've created this huge mess now, and now they're going to pretend like they care, and they're going to go try to clean it up. It's all smoke and mirrors and political theater.” Peters was unavailable to comment on the HelloFresh federal investigation at this time.
Trump promises to end birthright citizenship: What is it and could he do it?
NoneNew biodegradable structures could improve energy, information technologies and help to advance medicine. This is in the form of soft, sustainable electroactive materials. This follows Northwestern University researchers designing new materials using peptides and tiny molecular segments found in plastics. The process results in a soft material with ferroelectric and piezoelectric properties . This material requires extremely low energy to switch its polarity, unlocking applications in sustainable energy and information storage. Another application is with low-power, energy-efficient microscopic memory chips, sensors and energy storage units In terms of other practical use, arrays of fibres containing the new materials could be woven together into smart fabrics, medical implants or wearable devices. As an example, this could include new types of ultralight electronic devices while reducing the environmental impact of electronic manufacturing and disposal. Manufacturers could integrate the material into woven fibres to create smart fabrics or sticker-like medical implants. The materials are made of tiny, flexible nano-sized ribbons that can be charged just like a battery to store energy or record digital information. According to lead researcher Samuel I. Stupp : “This is a wholly new concept in materials science and soft materials research. We imagine a future where you could wear a shirt with air conditioning built into it or rely on soft bioactive implants that feel like tissues and are activated wirelessly to improve heart or brain function.” Stupp adds: “Those uses require electrical and biological signals, but we cannot build those applications with classic electroactive materials. It’s not practical to put hard materials into our organs or in shirts that people can wear. We need to bring electrical signals into the world of soft materials. That is exactly what we have done in this study.” The basis of the new material is peptide amphiphiles. This is a versatile platform of molecules previously developed in Stupp’s laboratory. These self-assembling structures form filaments in water and have already demonstrated promise in regenerative medicine. The molecules contain peptides and a lipid segment, which drives the molecular self-assembly when placed in water. The scientists replaced the lipid tail with a miniature molecular segment of a plastic called polyvinylidene fluoride (PVDF). However, they kept the peptide segment, which contains sequences of amino acids. Commonly used in audio and sonar technologies, PVDF is a plastic with special electrical properties. It can generate electrical signals when pressed or squeezed — a property known as piezoelectricity. It also is a ferroelectric material, which means it has a polar structure that can switch orientation by 180 degrees using an external voltage. The dominant ferroelectrics in technology are hard materials and often include rare or toxic metals, such as lead and niobium. The new materials are equally ferroelectric and piezoelectric as PVDF, and the electroactive forms are stable, with the ability to switch polarity using extremely low external voltages. This makes them suitable for low-power electronics The research has been published in the journal Nature , titled “Peptide programming of a supramolecular vinylidene fluoride ferroelectric phase.” Dr. Tim Sandle is Digital Journal's Editor-at-Large for science news.Tim specializes in science, technology, environmental, business, and health journalism. He is additionally a practising microbiologist; and an author. He is also interested in history, politics and current affairs.
MANCHESTER CITY’S crisis deepened as they surrendered a three-goal lead late in the game to draw 3-3 against Feyenoord in the Champions League. Pep Guardiola’s side at least avoided the indignity of a sixth successive defeat in all competitions but alarm bells continue to ring at the Etihad Stadium after a dramatic late capitulation. A double from Erling Haaland — the first from the penalty spot — and a deflected effort from Ilkay Gundogan, all in the space of nine minutes either side of the break, looked to have ensured a return to winning ways. Yet Guardiola was left with his head in hands as Feyenoord roared back in the last 15 minutes with goals from Anis Hadj Moussa, Sergio Gimenez and David Hancko, two of them after Josko Gvardiol’s errors. City almost snatched a late winner when Jack Grealish hit the woodwork but there was no masking another dispiriting result. It was hardly the preparation City wanted for Sunday’s crunch trip to Liverpool, and the Feyenoord fans took great delight in rubbing that fact in. They sung the club anthem they share with Liverpool, You’ll Never Walk Alone, and chanted the name of their former manager Arne Slot, the current Reds boss. Guardiola arrived at the ground with a cut on the bridge of his nose and, once again, his side have been struck a nasty blow. Despite not being at their best, they had dominated early on against what seemed limited Dutch opposition. They threatened when a Gundogan shot was deflected wide and Haaland then went close to opening the scoring when he turned a header onto the post. Feyenoord goalkeeper Timon Wellenreuther gifted City another chance when he passed straight to Bernardo Silva but Grealish’s fierce volley struck team-mate Phil Foden. Foden forced a save from Wellenreuther but City had a moment of alarm when Igor Paixao got behind the defence only to shoot tamely at Ederson. Nathan Ake missed the target with a header but some luck finally went City’s way just before the break when Quinten Timber, brother of Arsenal’s Jurrien, was harshly adjudged to have fouled Haaland. The Norwegian rammed home the resulting spot-kick and City returned re-energised for the second period. They won a corner when a Matheus Nunes shot was turned behind and Gundogan fired the hosts’ second — albeit with aid of a deflection — with a firm volley from the edge of the box. City turned up the heat and claimed their third soon after as Gundogan released Nunes with a long ball and his low cross was turned into the net by a sliding Haaland. It seemed City were heading for a morale-lifting victory but a couple of Gvardiol errors changed the script. The Croatian, who had a torrid time in Saturday’s 4-0 thrashing by Tottenham, first horribly misplaced a backpass and allowed Moussa to nip in and round Ederson. Ordinarily, that 75th-minute reply would have been a mere consolation and City would close out the game, but Gvardiol had another moment to forget eight minutes from time. Again he gave the ball away and Feyenoord pounced. The ball was lofted into the box and Jordan Lotomba fired a shot that glanced the post and deflected across goal, where Gimenez chested in. Ederson then blundered as he raced out of his area and was beaten by Paixao, who crossed for Hancko to head into an empty net. Amid some moments of unrest in the crowd, when objects were thrown, City tried to rally in stoppage time. Grealish had an effort deflected onto the bar but the hosts had to settle for a draw.
HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron's new website features a company store, where various items featuring the brand's tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. This story was corrected to fix the spelling of Ken Lay’s first name, which had been misspelled “Key.” Follow Juan A. Lozano on X at https://x.com/juanlozano70Ogun Emerges Best Overall Performing State In ICTThe Toronto Transit Commission will continue to accept tokens, tickets and day passes until the end of May next year, reversing a contentious decision to stop accepting the legacy fares . The change was made this week after TTC chair Jamaal Myers put forward a motion at Tuesday’s TTC board meeting to continue accepting the legacy fares until June 1. “Our customers bought this in good faith,” Myers said at the meeting. “They paid money for it ... I think it’s only fair and reasonable just to give customers the opportunity to spend the tickets that they paid for.” The motion, which was adopted by the board, also includes a provision that gives Wheel-Trans riders until Dec. 31, 2025 to use the fares, a decision made because they potentially use the TTC less frequently than other riders. The TTC said it wants to get rid of the legacy fares in order to streamline payments across the system. The Eglinton Crosstown and Finch LRTs will not accept tickets or tokens when they open. Less than one per cent of riders pay with tickets and tokens, according to the TTC, which stopped selling them near the end of 2019. Third-party retailers sold them . But many riders were surprised by the transit commission’s announcement in October that it intended to discontinue the fares as of Jan. 1, although the TTC said at Tuesday’s meeting that it had announced the possibility of phasing out tickets and tokens as early as 2019, and had handed out information pamphlets about the change to customers as well as posted information on social media. At the board meeting, a number of speakers complained about the lack of a trade-in program and the lack of time the TTC gave riders to use the legacy fares, both of which could have contributed to a windfall for the transit agency of $24 million, the value of tokens and tickets still in circulation. The transit advocate group TTCriders was one of a number of community organizations that signed an the TTC to let transit user exchange tokens and tickets for single-use Presto tickets. Rev. Maria Christina Conlon of the Davenport Perth Community Ministry, a United Church in Toronto’s west end, told the Star she put her name to the petition because she’d heard from several individuals who were concerned about using the tokens and tickets that the ministry had given them before Jan. 1. “If they stop accepting them or using them, where did the money go?” said Conlon, adding it would have been “another blow for people that need transportation.” Conlon said one man had saved 100 tokens, which represented a sizable sum for anyone who is helped by her ministry, which she said includes people working multiple jobs or on social assistance. Tickets have been used since the TTC came into existence in 1921. Tokens were introduced in 1954, the year that the TTC opened Canada’s first subway, the Yonge line, in 1954.
Thank you, property rights!Genpact Signs Strategic Collaboration Agreement with AWS to Accelerate AI Adoption
Rosie O’Donnell hopes daughter gets help to turn life around after latest arrestENGLEWOOD, Colo. -- Faced with the deadline to bring wide receiver Josh Reynolds back on to the roster from injured reserve, the Denver Broncos waived the eight-year veteran Tuesday. The Broncos, who had designated Reynolds to return from injured reserve Nov. 13, had to either move Reynolds to the 53-player roster this week or keep him on injured reserve to retain him. With two rookies now regularly in the receiver rotation to go with Marvin Mims Jr . in his second year, the Broncos chose to waive Reynolds instead. If they choose, they could bring Reynolds back to their practice squad if he clears waivers Wednesday. If he goes unclaimed, Reynolds would be a free agent, able to sign with any team. Editor's Picks 'It wasn't perfect,' but Broncos find way to wild win 11h Jeff Legwold Jeudy's Denver return: 'A lot of boos ... catches too' 16h Daniel Oyefusi Week 14 NFL Power Rankings: 1-32 poll, plus a first-time Pro Bowl nominee for every team 6h NFL Nation He had 12 receptions for 183 yards and one touchdown in five games, having suffered a fractured finger Oct. 6 on his touchdown catch against the Las Vegas Raiders . Reynolds signed a two-year, $9 million deal with the Broncos in free agency this past March and the Broncos will pay him $4.245 million guaranteed for his five-game tenure. Broncos coach Sean Payton, who said it was "good to have [Reynolds] back'' Nov. 13 when Reynolds returned to practice to start the 21-day clock, has continued to laud the efforts of rookies Devaughn Vele and Troy Franklin . Both have worked their way into the rotation at receiver -- Vele is second among the team's wide receivers in catches (33) and yards receiving (377). Mims had his second career 100-yard receiving game in Monday night's win over the Cleveland Browns with 105 yards on three catches, including the Broncos' longest scoring play of the season, a 93-yard catch-and-run touchdown. Reynolds has been on injured reserve since he hurt his hand, but he also was one of two men injured in a shooting in Denver in October. Reynolds suffered what police termed as "non-life threatening'' injuries to his head and left arm. Denver Police later announced they had arrested two men in connection to the shooting: Burr Charlesworth, 42, and Luis Mendoza, 35. They were charged with six counts of first-degree attempted murder, six counts of first-degree assault and additional felonies. Reynolds has not spoken publicly about the incident.
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George R. R. Martin Isn't Sure He'll Ever Finish The Winds of Winter, 'but That's Still a Priority'- Raising the mid-points of billings, revenue, margins, earnings per share, and free cash flow guidance ranges. - Janesh Moorjani appointed as chief financial officer. SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the third quarter of fiscal 2025. All growth rates are compared to the third quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. For definitions, please view the Glossary of Terms later in this document. Third Quarter Fiscal 2025 Financial Highlights "Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there's more to come in the next phase," said Andrew Anagnost , Autodesk president and CEO. "We will continue to deploy capital to offset and buy forward dilution, a practice which has reduced our share count over the last three years, and have significantly extended the duration of our repurchase program by increasing our stock repurchase authorization. Our goal is to deliver sustainable shareholder value over many years." "We generated broad-based underlying growth across products and regions. Overall, macroeconomic, policy, and geopolitical challenges, and the underlying momentum of the business, were consistent with the last few quarters with continued strong renewal rates and headwinds to new business growth," said Betsy Rafael , Autodesk interim CFO. "Given Autodesk's sustained momentum in the third quarter, and smooth launch of the new transaction model in Western Europe , we are raising the midpoints of our billings, revenue, margins, earnings per share, and free cash flow guidance ranges." Additional Financial Details Third Quarter Fiscal 2025 Business Highlights Net Revenue by Geographic Area Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year Constant currency change compared to prior fiscal year (In millions, except percentages) $ % % Net Revenue: Americas U.S. $ 579 $ 520 $ 59 11 % * Other Americas 126 120 6 5 % * Total Americas 705 640 65 10 % 11 % EMEA 580 516 64 12 % 13 % APAC 285 258 27 10 % 14 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % 12 % ____________________ * Constant currency data not provided at this level. Net Revenue by Product Family Our product offerings are focused in four primary product families: Architecture, Engineering and Construction ("AEC"), AutoCAD and AutoCAD LT, Manufacturing ("MFG"), and Media and Entertainment ("M&E"). Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year (In millions, except percentages) $ % AEC $ 751 $ 675 $ 76 11 % AutoCAD and AutoCAD LT 398 372 26 7 % MFG 307 269 38 14 % M&E 83 73 10 14 % Other 31 25 6 24 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % Business Outlook The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties, some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the fourth quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below or in the tables following this press release. Fourth Quarter Fiscal 2025 Q4 FY25 Guidance Metrics Q4 FY25 (ending January 31, 2025) Revenue (in millions) $1,623 - $1,638 EPS GAAP $1.21 - $1.27 EPS non-GAAP (1) $2.10 - $2.16 ____________________ (1) Non-GAAP earnings per diluted share excludes $0.85 related to stock-based compensation expense, $0.17 for the amortization of both purchased intangibles and developed technologies, and $0.05 for acquisition-related costs, partially offset by ($0.18) related to GAAP-only tax charges. Full Year Fiscal 2025 FY25 Guidance Metrics FY25 (ending January 31, 2025) Billings (in millions) $5,900 - $5,980 Up 14% - 15% Revenue (in millions) (1) $6,115 - $6,130 Up approx. 11% GAAP operating margin 21.5% - 22% Non-GAAP operating margin (2) 35.5% - 36% EPS GAAP $4.95 - $5.01 EPS non-GAAP (3) $8.29 - $8.35 Free cash flow (in millions) (4) $1,470 - $1,500 ____________________ (1) Excluding the impact of foreign currency exchange rates and hedge gains/losses, revenue guidance range would be approximately 1 percentage point higher. (2) Non-GAAP operating margin excludes approximately 11% related to stock-based compensation expense, approximately 2% for the amortization of both purchased intangibles and developed technologies, and approximately 1% related to acquisition-related costs. (3) Non-GAAP earnings per diluted share excludes $3.15 related to stock-based compensation expense, $0.61 for the amortization of both purchased intangibles and developed technologies, $0.23 related to acquisition-related costs, and $0.04 related to losses on strategic investments, partially offset by ($0.69) related to GAAP-only tax charges. (4) Free cash flow is cash flow from operating activities less approximately $30 million of capital expenditures. The fourth quarter and full-year fiscal 2025 outlook assume a projected annual effective tax rate of 20 percent and 19 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings. Earnings Conference Call and Webcast Autodesk will host its third quarter conference call today at 5 p.m. ET . The live broadcast can be accessed at autodesk.com/investor . A transcript of the opening commentary will also be available following the conference call. A replay of the broadcast will be available at 7 p.m. ET at autodesk.com/investor . This replay will be maintained on Autodesk's website for at least 12 months. Investor Presentation Details An investor presentation, Excel financials and other supplemental materials providing additional information can be found at autodesk.com/investor . Key Performance Metrics To help better understand our financial performance, we use several key performance metrics including billings, recurring revenue and net revenue retention rate. These metrics are key performance metrics and should be viewed independently of revenue and deferred revenue. These metrics are not intended to be combined with those items. We use these metrics to monitor the strength of our recurring business. We believe these metrics are useful to investors because they can help in monitoring the long-term health of our business. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP. Glossary of Terms Billings: Total revenue plus the net change in deferred revenue from the beginning to the end of the period. Cloud Service Offerings : Represents individual term-based offerings deployed through web browser technologies or in a hybrid software and cloud configuration. Cloud service offerings that are bundled with other product offerings are not captured as a separate cloud service offering. Constant Currency (CC) Growth Rates: We attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates as well as eliminating hedge gains or losses recorded within the current and comparative periods. We calculate constant currency growth rates by (i) applying the applicable prior period exchange rates to current period results and (ii) excluding any gains or losses from foreign currency hedge contracts that are reported in the current and comparative periods. Design Business: Represents the combination of maintenance, product subscriptions, and all EBAs. Main products include, but are not limited to, AutoCAD, AutoCAD LT, Industry Collections, Revit, Inventor, Maya and 3ds Max. Certain products, such as our computer aided manufacturing solutions, incorporate both Design and Make functionality and are classified as Design. Enterprise Business Agreements (EBAs): Represents programs providing enterprise customers with token-based access to a broad pool of Autodesk products over a defined contract term. Flex: A pay-as-you-go consumption option to pre-purchase tokens to access any product available with Flex for a daily rate. Free Cash Flow: Cash flow from operating activities minus capital expenditures. Industry Collections: Autodesk Industry Collections are a combination of products and services that target a specific user objective and support a set of workflows for that objective. Our Industry Collections consist of: Autodesk Architecture, Engineering and Construction Collection, Autodesk Product Design and Manufacturing Collection, and Autodesk Media and Entertainment Collection. Maintenance Plan: Our maintenance plans provide our customers with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance plans, customers are eligible to receive unspecified upgrades when and if available, and technical support. We recognize maintenance revenue over the term of the agreements, generally one year. Make Business: Represents certain cloud-based product subscriptions. Main products include, but are not limited to, Assemble, Autodesk Build, BIM Collaborate Pro, BuildingConnected, Fusion, and Flow Production Tracking. Certain products, such as Fusion, incorporate both Design and Make functionality and are classified as Make. Net Revenue Retention Rate (NR3): Measures the year-over-year change in Recurring Revenue for the population of customers that existed one year ago ("base customers"). Net revenue retention rate is calculated by dividing the current quarter Recurring Revenue related to base customers by the total corresponding quarter Recurring Revenue from one year ago. Recurring Revenue is based on USD reported revenue, and fluctuations caused by changes in foreign currency exchange rates and hedge gains or losses have not been eliminated. Recurring Revenue related to acquired companies, one year after acquisition, has been captured as existing customers until such data conforms to the calculation methodology. This may cause variability in the comparison. Other Revenue: Consists of revenue from consulting, and other products and services, and is recognized as the products are delivered and services are performed. Product Subscription: Provides customers a flexible, cost-effective way to access and manage 3D design, engineering, and entertainment software tools. Our product subscriptions currently represent a hybrid of desktop and cloud functionality, which provides a device-independent, collaborative design workflow for designers and their stakeholders. Recurring Revenue: Consists of the revenue for the period from our traditional maintenance plans, our subscription plan offerings, and certain Other revenue. It excludes subscription revenue related to third-party products. Recurring revenue acquired with the acquisition of a business is captured when total subscriptions are captured in our systems and may cause variability in the comparison of this calculation. Remaining Performance Obligations (RPO): The sum of total short-term, long-term, and unbilled deferred revenue. Current remaining performance obligations is the amount of revenue we expect to recognize in the next twelve months. Solution Provider : Solution Provider is the name of our channel partners who primarily serve our new transaction model customers worldwide. Solution Providers may also be resellers in relation to Autodesk solutions. Spend : The sum of cost of revenue and operating expenses. Subscription Plan: Comprises our term-based product subscriptions, cloud service offerings, and EBAs. Subscriptions represent a combined hybrid offering of desktop software and cloud functionality which provides a device-independent, collaborative design workflow for designers and their stakeholders. With subscription, customers can use our software anytime, anywhere, and get access to the latest updates to previous versions. Subscription Revenue: Includes our cloud-enabled term-based product subscriptions, cloud service offerings, and flexible EBAs. Unbilled Deferred Revenue: Unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans for subscription, services, and maintenance for which the associated deferred revenue has not been recognized. Under FASB Accounting Standards Codification ("ASC") Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Condensed Consolidated Balance Sheet. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Our estimates as to tax rate are based on current interpretations of existing tax law and could be affected by changing interpretations, further guidance, and additional tax legislation. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. About Autodesk The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk uses its investors.autodesk.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts. Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. © 2024 Autodesk, Inc. All rights reserved. Autodesk, Inc. Condensed Consolidated Statements of Operations (In millions, except per share data) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) Net revenue: Subscription $ 1,457 $ 1,314 $ 4,195 $ 3,777 Maintenance 9 12 31 40 Total subscription and maintenance revenue 1,466 1,326 4,226 3,817 Other 104 88 266 211 Total net revenue 1,570 1,414 4,492 4,028 Cost of revenue: Cost of subscription and maintenance revenue 105 94 305 285 Cost of other revenue 19 21 57 62 Amortization of developed technologies 23 12 62 34 Total cost of revenue 147 127 424 381 Gross profit 1,423 1,287 4,068 3,647 Operating expenses: Marketing and sales 525 439 1,474 1,344 Research and development 378 339 1,092 1,021 General and administrative 161 165 477 438 Amortization of purchased intangibles 13 10 37 31 Total operating expenses 1,077 953 3,080 2,834Third-place Madrid restored its three-point lead over fourth-place Athletic Bilbao, which beat Villarreal earlier Sunday. Rodrigo De Paul gave Atletico the perfect start when he lashed home a stunning opener in the 10th minute. However, goals from Dodi Lukébakio, Isaac Romero and Juanlu Sanchez put Sevilla 3-1 up early in the second half and Atletico, without the vocal support of some home fans in a dispute over tickets, seemed lost in an unusually quiet at Metropolitano Stadium. Simeone’s side, though, is known for its resilience and it was not long before the fightback began. Griezmann reduced the deficit in the 62nd minute and 17 minutes later, after Simeone made five substitutions in a quarter of an hour, Samuel Lino got the equalizer with a low shot from 30 yards. Griezmann himself got the winner in stoppage time to consolidate Atletico’s third place. The Madrid club now has 35 points, one behind city rival Real and three behind league leader Barcelona. “We struggled to get into the game,” Griezmann said. “We missed the support of the fans behind the goal. But in the end we managed to come back.” Athletic Bilbao consolidated fourth place with a comfortable 2-0 win over Villarreal, the team immediately below it in the table and one of its closest rivals for a Champions League spot. Aitor Paredes put Athletic ahead when he glanced home a corner kick in 14 minutes and Iñaki Williams made it 2-0 midway through the second half. It was the fourth consecutive league win for Athletic but the victory was marred by a silent protest from an organized fan group. The group refused to sing or chant in response to a rift between it and the club president, who reported threats to police earlier in the week. Several Athletic players expressed solidarity with the president and the team did not salute the fans behind the goal after the match. “It’s a very sad win and a time for everyone to pull together,” club captain Óscar De Marcos said in comments reported by newspaper Marca. “The silence was notable during the game but we need to keep doing our job.” Earlier Sunday, Real Sociedad won for the fourth time in a row, beating Leganes 3-0 at the Butarque stadium near Madrid. Three days after his extra-time goal gave Sociedad a 1-0 win at fourth-tier Conquense in the Copa del Rey, Brais Méndez scored again to give the visitors an early lead. Substitute Ander Barrenetxea’s first goal of the league season doubled its lead 10 minutes from time and then Mikel Oyarzabal added a third in stoppage time. It was only the fourth time in 16 matches that Sociedad has scored twice in a league game and the win lifted it into sixth, above Osasuna, which drew 2-2 with Alaves. Alaves took only 37 seconds for Kike Garcia to put the team ahead with a diving header. However, Ante Budimir and Rubén García scored early in the second half to put Osasuna in front before Kike Garcia got his second of the game to tie the scores at 2-2. The point was the first for new Alaves coach Eduardo Coudet but still leaves it in 15th place without a win in five games. AP soccer: https://apnews.com/hub/soccer
Under the direction of head coach Deion Sanders, the Colorado football program has gone through a remarkable transformation in two years, mainly bolstering the roster through the transfer portal. Sanders’ recruiting of the high school ranks has been underrated nationally, though, and on Wednesday – the two-year anniversary of his introductory press conference – the Buffs are set to sign one of the best groups in the Big 12 for the class of 2025. As of Tuesday afternoon, the 20th-ranked Buffs (9-3, 7-2 Big 12), had 15 prep players verbally committed for the 2025 class. Four-star quarterback Julian Lewis (Carrollton, Ga.) headlines a class set to officially become Buffs when the early signing period opens on Wednesday. “We’re going to be straight. We got what we want,” Sanders said last week when asked about the early signing day. “You know, we don’t take a lot of high school players, and the ones that we take, we want them to play immediately. We want them to produce, be productive.” CU’s class ranks 33rd nationally and second in the Big 12, behind TCU, per 247Sports.com. The average player rating of 89.27, however, leads the Big 12 and ranks 20th nationally. Led by Lewis, the Buffs have seven players who are rated as four-star recruits, per 247. That group includes receivers Adrian Wilson (Pflugerville, Texas) and Quanell X Farrakhan Jr. (Houston, Texas); offensive linemen Carde Smith (Mobile, Ala.) and Chauncey Gooden (Nashville, Tenn.); edge defender London Merritt (Bradenton, Fla.); and cornerback Alex Graham (Detroit). The others in the class all have three-star ratings on 247Sports. That group includes: Safety Antonio Branch Jr. (Miami, Fla.); tight ends Zayne DeSouza (Loveland) and Corbin Laisure (Johnson City, Tenn.); offensive lineman Jay Gardenhire (West Bloomfiled, Mich.); receiver Quentin Gibson (Fort Worth, Texas); defensive linemen Christian Hudson (Daytona Beach, Fla.) and Alexander McPherson (Bradenton, Fla.); and linebacker Mantrez Walker (Buford, Ga.). On Sunday, Sanders and the Buffs will find out where this year’s team will be headed for a bowl game, and that will impact the incoming recruits. Early enrollee signees can practice with the team before the bowl game (but can’t play in the game). “They get to get an early start and get here and we can see what they’re working with,” Sanders said. “So we’re excited about that.” A year ago, CU signed only 11 players from high school, but that group included five-star lineman Jordan Seaton, who has started all season at left tackle; four-star receiver Drelon Miller, who has become a big part of the offense in the second half of the season; and three-star running Micah Welch, who has played quite a bit when healthy. In the 2023 class, which was put together in just a few weeks after Sanders was hired, the Buffs signed 21 high school recruits. Some have already moved on, but that class includes receiver Omarion Miller, edge rusher Taje McCoy, athlete Isaiah Hardge, offensive lineman Hank Zilinskas and Stoutmire, all of which have made impacts on the Buffs already. Many of the high school players signed by Sanders took a shot on Sanders’ vision, signing with CU rather than more proven winners. But, it’s paying off. “You see what happens when you believe,” said Seaton, who was the top-rated lineman in the 2024 class. “You really just got to believe. I took a big risk coming here. (Travis Hunter) took a big risk at Jackson State. I feel like no risk for no reward. So don’t go where it’s, like, everybody goes there. I feel like you should just come here, bet on yourself. And as you see, we bet on ourselves and we’re starting to win aome games. “I feel like you just got to find what works for you, and Colorado worked for me.” As the Buffs begin the 2025 signing period, more highly-rated recruits, such as Seaton, are seeing the vision. Of course, Sanders and his staff will continue to build through the portal, especially with several stars graduating. “You know we’re gonna hit that portal like it hadn’t been hit before,” Sanders said. “You know that. That’s what we do. And we have certain positions, we know everything we want. We know what we’re going to get. ... We’re going to do some good things and replace some players that pretty much are darn near irreplaceable, you know? “It’s some wonderful talent that’s walking out the door, but we plan on bringing some tremendous talent, as we did last year.”