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The Arizona Cardinals are 6-6 through 12 games, which makes them an average football team. That's much better than the previous two years, which both ended with just four wins. But after two straight frustrating losses, it's not providing much consolation for a franchise that feels as though it should be much better. The latest setback came on Sunday, when the Minnesota Vikings rallied to beat the Cardinals 23-22 . Arizona never trailed until Sam Darnold threw a 5-yard touchdown pass with 1:18 remaining that proved to be the winning score. It was a mistake-filled performance for the Cardinals, who racked up 10 penalties for 96 yards. That's a big reason they had to settle for five field goals and scored just one touchdown. The Cardinals were leading 19-16 in the fourth quarter and had first-and-goal at the Vikings 5, but Tip Reiman was called for a false start and then quarterback Kyler Murray was called for intentional grounding . The Cardinals kicked a field goal for a 22-16 lead, giving the Vikings the chance they needed to drive for the winning score. Murray threw two interceptions in the fourth quarter. “I thought we moved the ball well,” Murray said. “Again, it just comes down to not scoring touchdowns. Get down there and kick field goals and penalties bite us. It’s bad — it’s bad football.” The loss knocked the Cardinals out of first place in the NFC West, though they're still in decent playoff position. A pivotal game against the division-rival Seahawks looms on Sunday. Second-year coach Jonathan Gannon acknowledged the frustration of Sunday's loss, but said they've got to rebound quickly. “They’re disappointed and down, but it’s the NFL,” Gannon said. “They’ve got to put all their energy and focus into tomorrow.” What’s working Arizona's defense blamed itself for not coming up with a stop on the Vikings' winning drive, but the unit played exceptionally well for most of the afternoon. Mack Wilson and L.J. Collier both had two sacks and the Cardinals held Minnesota to just 273 total yards. For a group that looked as if it might be the team's weakness this season, it was another rock solid performance. What needs help The Cardinals aren't a good enough football team to overcome 10 penalties and get a win — particularly on the road. Reiman had a rough day, getting called for three false starts. His false start on the next-to-last offensive drive — coupled with Murray's intentional grounding penalty — proved to be extremely costly. “That was brutal,” Gannon said. “Just got to figure out ways to punch the ball in for touchdowns there, not field goals.” Stock up Rookie Marvin Harrison Jr. had five catches for 60 yards, including an impressive touchdown catch that put the Cardinals up 19-6. It was Harrison's seventh TD reception of the season. The No. 4 overall pick has been a little inconsistent in his first year, but there's little doubt he's a difference-maker for the offense. He's still got a chance to reach 1,000 yards receiving this season if he averages about 80 yards receiving over the final five games. Considering his talent, that's certainly possible. Stock down Gannon was second-guessed for his decision to kick a field goal late in the fourth quarter instead of trying for a touchdown at the Vikings 4 with 3:29 left. Chad Ryland made the 23-yard chip shot for a 22-16 lead, but the Vikings drove the field on the ensuing possession for the winning score. “I trust JG,” Murray said. “I see both sides. Go up six and make them score; trust the defense to go get a stop. Go for it, you don’t get it, they’ve still got to go down and score. If you do get it, you probably put the game away.” Said Gannon: "Yeah, I mean there’s thought about it. Just wanted to go up more than a field goal there. Definitely a decision point that we talked about. So be it.” Injuries The Cardinals came out of the game fairly healthy. Rookie DL Darius Robinson — the No. 27 overall pick — made his NFL debut against the Vikings after missing the first 11 games due to a calf injury. Key number 1,074 — Running back James Conner's total yards from the line of scrimmage this season, including 773 on the ground and 301 in the passing game. Next steps The Cardinals return home for a game against the Seahawks on Sunday. AP NFL: https://apnews.com/hub/nflReviews functioning of Info Department: CM For Using Digital Space For Targeted Campaigns Jammu: Chief Minister Omar Abdullah today chaired a comprehensive review meeting of the Information Department at the Civil Secretariat here. The meeting assessed department’s performance and deliberated on matters requiring improvement to enhance efficiency and outreach of the Information department. The meeting was attended by Advisor to the Chief Minister Nasir Aslam Wani, Additional Chief Secretary to the CM Dheeraj Gupta, Secretary Information Rehana Batul, Director Information Jatin Kishore, senior officers from the administrative department, all Joint Directors, Deputy Directors, and other concerned officials. During the meeting, the Chief Minister inquired about the functioning of the single-window portal for granting film shooting permissions. He emphasized the need to streamline and expedite the process, ensuring that filmmakers receive approvals without unnecessary delays. A detailed discussion was held on the advertisement policy for newspapers and media houses. The Chief Minister directed the department to ensure fairness and transparency in issuing advertisements based on circulation. He urged the department to avoid any impression of bias and to study Bureau of Outreach, Government of India (DAVP) criteria of advertisement rates and assessing newspaper circulation to evolve a robust mechanism for the purpose. Stressing the importance of social media, the Chief Minister called for enhanced visibility of the Government of Jammu and Kashmir on digital platforms through targeted advertisements and campaigns. Reviewing the accreditation process for journalists, the Chief Minister directed the department to revisit rejected applications. He instructed the concerned officials to communicate discrepancies to applicants, enabling them to rectify errors and secure accreditation. Highlighting the pressing issue of staff shortages, the Chief Minister urged the department to expedite the recruitment process for vacant positions. He stressed that adequate manpower is crucial for the department’s efficiency. The Chief Minister impressed upon the need to procure latest equipment and gadgets to improve coverage of official functions and events. The Chief Minister emphasized the department’s crucial role in shaping public perception and ensuring effective communication of government initiatives. He urged the officials to address challenges with urgency and commitment. Earlier, Secretary Information Rehana Batul gave a detailed presentation on the department’s overview and functioning. The presentation covered aspects such as human resource management, roles and responsibilities of staff, advertisement expenditure, empanelled newspapers, and the accreditation process for journalists. The meeting was informed about several initiatives undertaken by the department, including Beats of J&K, Inspire Gen-Z, Youth Conclave; Successful hosting of J&K Film Conclave-2024 and implementation of J&K Film Policy-2024 The department’s media campaign for coverage of the G-20 Summit in Kashmir was also highlighted. Discussions were held on the department’s budget and expenditure under REVEX and CAPEX heads, along with the proposed CAPEX for the financial year 2024-25.Skins Game, last played in '08, to return in 2025
Pune: The state registration department has sanctioned around Rs21 crore to digitise nearly 2.25 lakh property documents stored as photo films in the photo registry department. The decision comes after the latter department warned about possible damage to these films, currently in cold storage. The documents stored as films span over 58 years of property records. "While documents from 1985 to 2002 were scanned and are ready for digital conversion, the older photo films need special technical expertise," a senior registration official told TOI. Currently, of the total Rs200 crore budgetary allocation for the department, Rs21 crore will be allocated for this work. State govt is expected to disburse the allocation in phases after it was announced early this year. "We expect Rs10 crore in the first phase and the rest in the second. We have sent a detailed proposal for the tender to state govt for approval as technical expertise is required for this work. Once approved, we can start work," a senior registration department official told TOI on Tuesday. The tender proposal was sent recently and is expected to be cleared in Jan 2025, after which around a year will be required for the work, added the official. Technical experts will have to convert sensitive photo films into the digital format. This initiative follows the successful digitisation of property documents post-2002, stated officials. "These records are crucial and need to be preserved properly. The digitisation will make them easily accessible while ensuring their long-term preservation," the official added. Members of the department are hoping state govt clears the tender proposal early so that work can be finished by the end of next year. Officials explained that several documents could not be saved as they were written down in huge registers. These have now been stored in photo films in containers placed in AC rooms. Meanwhile, the department has completed 96% of the process of scanning documents from 1985 to 2002, the official told TOI. On the proposal of digitising all records, efforts are on to upgrade the technology. "We moved first from paper to films and then to scanning copies. Now, we aim to make the entire process digital and eventually web-based. Discussions are on with various consultants for the same," said another official. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , Location Guesser and Mini Crossword . Spread love this holiday season with these Christmas wishes , messages , and quotes .
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Skins Game, last played in '08, to return in 2025Google is ramping up its push into smart glasses and augmented reality headgear, taking on rivals Apple and Meta with help from its sophisticated Gemini artificial intelligence. The internet titan on Thursday unveiled an Android XR operating system created in a collaboration with Samsung, which will use it in a device being built in what is called internally "Project Moohan," according to Google. The software is designed to power augmented and virtual reality experiences enhanced with artificial intelligence, XR vice president Shahram Izadi said in a blog post. "With headsets, you can effortlessly switch between being fully immersed in a virtual environment and staying present in the real world," Izadi said. "You can fill the space around you with apps and content, and with Gemini, our AI assistant, you can even have conversations about what you're seeing or control your device." Google this week announced the launch of Gemini 2.0, its most advanced artificial intelligence model to date, as the world's tech giants race to take the lead in the fast-developing technology. CEO Sundar Pichai said the new model would mark what the company calls "a new agentic era" in AI development, with AI models designed to understand and make decisions about the world around you. Android XR infused with Gemini promises to put digital assistants into eyewear, tapping into what users are seeing and hearing. An AI "agent," the latest Silicon Valley trend, is a digital helper that is supposed to sense surroundings, make decisions, and take actions to achieve specific goals. "Gemini can understand your intent, helping you plan, research topics and guide you through tasks," Izadi said. "Android XR will first launch on headsets that transform how you watch, work and explore." The Android XR release was a preview for developers so they can start building games and other apps for headgear, ideally fun or useful enough to get people to buy the hardware. This is not Google's first foray into smart eyewear. Its first offering, Google Glass, debuted in 2013 only to be treated as an unflattering tech status symbol and met with privacy concerns due to camera capabilities. The market has evolved since then, with Meta investing heavily in a Quest virtual reality headgear line priced for mainstream adoption and Apple hitting the market with pricey Vision Pro "spacial reality" gear. Google plans to soon begin testing prototype Android XR-powered glasses with a small group of users. Google will also adapt popular apps such as YouTube, Photos, Maps, and Google TV for immersive experiences using Android XR, according to Izadi. Gemini AI in glasses will enable tasks like directions and language translations, he added. "It's all within your line of sight, or directly in your ear," Izadi said. gc/dw
Record Revenues as Global Logistics Network Expands WATERLOO, Ontario and ATLANTA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2025 third quarter (Q3FY25). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). “Our business has grown organically while we've added complementary solutions to our Global Logistics Network by way of acquisition,” said Edward J. Ryan, Descartes’ CEO. “We listen to our customers about where best to invest to help them meet the many logistics and supply chain challenges they're facing, which contributed to us completing two acquisitions this past quarter. The global trade landscape remains highly uncertain and complex for our customers, especially with potential upcoming changes to tariffs and sanctions and the resulting impact on trade. As always, our goal is to help our customers manage this complexity so that they can continue to focus on their core businesses.” Q3FY25 Financial Results As described in more detail below, key financial highlights for Descartes’ Q3FY25 included: Revenues of $168.8 million, up 17% from $144.7 million in the third quarter of fiscal 2024 (Q3FY24) and up 3% from $163.4 million in the previous quarter (Q2FY25); Revenues were comprised of services revenues of $149.7 million (89% of total revenues), professional services and other revenues of $15.6 million (9% of total revenues) and license revenues of $3.5 million (2% of total revenues). Services revenues were up 15% from $130.4 million in Q3FY24 and up 2% from $146.2 million in Q2FY25; Cash provided by operating activities of $60.1 million, up 7% from $56.1 million in Q3FY24 and up 73% from $34.7 million in Q2FY25. Cash provided by operating activities was negatively impacted in Q2FY25 by the payment of $25.0 million in contingent acquisition consideration for previously completed deals, which was not accrued for at the time of acquisition; Income from operations of $45.8 million, up 41% from $32.4 million in Q3FY24 and down from $45.9 million in Q2FY25; Net income of $36.6 million, up 38% from $26.6 million in Q3FY24 and up 5% from $34.7 million in Q2FY25. Net income as a percentage of revenue was 22%, compared to 18% in Q3FY24 and 21% in Q2FY25; Earnings per share on a diluted basis of $0.42, up 35% from $0.31 in Q3FY24 and up 5% from $0.40 in Q2FY25, respectively; and Adjusted EBITDA of $72.1 million, up 14% from $63.5 million in Q3FY24 and up 2% from $70.6 million in Q2FY25. Adjusted EBITDA as a percentage of revenues was 43%, compared to 44% and 43% in Q3FY24 and Q2FY25, respectively. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures provided as a complement to financial results presented in accordance with GAAP. We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). These items are considered by management to be outside Descartes' ongoing operational results. We define Adjusted EBITDA as a percentage of revenues as the quotient, expressed as a percentage, from dividing Adjusted EBITDA for a period by revenues for the corresponding period. A reconciliation of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income determined in accordance with GAAP is provided later in this release. The following table summarizes Descartes' results in the categories specified below over the past 5 fiscal quarters (unaudited; dollar amounts, other than per share amounts, in millions): Year-to-Date Financial Results As described in more detail below, key financial highlights for Descartes’ nine-month period ended October 31, 2024 (9MFY25) included: Revenues of $483.5 million, up 14% from $424.7 million in the same period a year ago (9MFY24); Revenues were comprised of services revenues of $433.7 million (90% of total revenues), professional services and other revenues of $44.4 million (9% of total revenues) and license revenues of $5.4 million (1% of total revenues). Services revenues were up 13% from $385.3 million in 9MFY24; Cash provided by operating activities of $158.5 million, up 1% from $156.9 million in 9MFY24. Cash provided by operating activities was negatively impacted in 9MFY25 by the payment of $25.0 million in contingent acquisition consideration for previously completed deals, which was not accrued for at the time of acquisition; Income from operations of $134.0 million, up 27% from $105.8 million in 9MFY24; Net income of $105.9 million, up 26% from $84.1 million in 9MFY24. Net income as a percentage of revenues was 22%, compared to 20% in 9MFY24; Earnings per share on a diluted basis of $1.21, up 25% from $0.97 in 9MFY24; and Adjusted EBITDA of $209.7 million, up 15% from $181.7 million in 9MFY24. Adjusted EBITDA as a percentage of revenues was 43%, consistent with 9MFY24. The following table summarizes Descartes’ results in the categories specified below over 9MFY25 and 9MFY24 (unaudited, dollar amounts in millions): Cash Position At October 31, 2024, Descartes had $181.3 million in cash. Cash decreased by $71.4 million in Q3FY25 and $139.7 million in 9MFY25. The table set forth below provides a summary of cash flows for Q3FY25 and 9MFY25 in millions of dollars: Acquisition of MyCarrierPortal On September 17, 2024, Descartes acquired all of the shares of Assure Assist, Inc., doing business as MyCarrierPortal (“MCP”), a leading provider of carrier onboarding and risk monitoring solutions for the trucking industry. The purchase price for the acquisition was approximately $22.5 million, net of cash acquired, which was funded from cash on hand, plus potential performance-based consideration of up to $6.0 million based on MCP achieving revenue-based targets over the first two years post-acquisition. Acquisition of Sellercloud On October 11, 2024, Descartes acquired all of the shares of Sellercloud LLC and certain assets of Sellercloud Europe Ltd. (collectively referred to as “Sellercloud”), a leading provider of omnichannel ecommerce solutions. The purchase price for the acquisition was approximately $110.2 million, net of cash acquired, which was funded from cash on hand, plus potential performance-based consideration of up to $20.0 million based on Sellercloud achieving revenue-based targets over the first two years post-acquisition. Conference Call Members of Descartes' executive management team will host a conference call to discuss the company's financial results at 5:30 p.m. ET on Tuesday, December 3, 2024. Designated numbers are +1 289 514 5100 and +1 800 717 1738 for Toll-Free in North America, using conference ID 07584. The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. Phone conference dial-in or webcast login is required approximately 10 minutes beforehand. Replays of the conference call will be available until December 10, 2024, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 07584#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations. About Descartes Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com , and connect with us on LinkedIn and X (Twitter ). Descartes Investor Contact Laurie McCauley (519) 746-2969 investor@descartes.com Cautionary Statement Regarding Forward-Looking Statements This release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relates to Descartes' expectations concerning future revenues and earnings, and our projections for any future reductions in expenses or growth in margins and generation of cash; our assessment of the potential impact of geopolitical events, such as the ongoing conflict between Russia and Ukraine (the “Russia-Ukraine Conflict”), and between Israel and Hamas (“Israel-Hamas Conflict”), or other potentially catastrophic events, on our business, results of operations and financial condition; continued growth and acquisitions including our assessment of any increased opportunity for our products and services as a result of trends in the logistics and supply chain industries; rate of profitable growth and Adjusted EBITDA margin operating range; demand for Descartes' solutions; growth of Descartes' Global Logistics Network (“GLN”); customer buying patterns; customer expectations of Descartes; development of the GLN and the benefits thereof to customers; and other matters. These forward-looking statements are based on certain assumptions including the following: global shipment volumes continuing at levels generally consistent with those experienced historically; the Russia-Ukraine Conflict and Israel-Hamas Conflict not having a material negative impact on shipment volumes or on the demand for the products and services of Descartes by its customers and the ability of those customers to continue to pay for those products and services; countries continuing to implement and enforce existing and additional customs and security regulations relating to the provision of electronic information for imports and exports; countries continuing to implement and enforce existing and additional trade restrictions and sanctioned party lists with respect to doing business with certain countries, organizations, entities and individuals; Descartes' continued operation of a secure and reliable business network; the stability of general economic and market conditions, currency exchange rates, and interest rates; equity and debt markets continuing to provide Descartes with access to capital; Descartes' continued ability to identify and source attractive and executable business combination opportunities; Descartes' ability to develop solutions that keep pace with the continuing changes in technology, and our continued compliance with third party intellectual property rights. These assumptions may prove to be inaccurate. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Descartes, or developments in Descartes' business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, Descartes' ability to successfully identify and execute on acquisitions and to integrate acquired businesses and assets, and to predict expenses associated with and revenues from acquisitions; the impact of network failures, information security breaches or other cyber-security threats; disruptions in the movement of freight and a decline in shipment volumes including as a result of contagious illness outbreaks; a deterioration of general economic conditions or instability in the financial markets accompanied by a decrease in spending by our customers; the ability to attract and retain key personnel and the ability to manage the departure of key personnel and the transition of our executive management team; changes in trade or transportation regulations that currently require customers to use services such as those offered by Descartes; changes in customer behaviour and expectations; Descartes’ ability to successfully design and develop enhancements to our products and solutions; departures of key customers; the impact of foreign currency exchange rates; Descartes' ability to retain or obtain sufficient capital in addition to its debt facility to execute on its business strategy, including its acquisition strategy; disruptions in the movement of freight; the potential for future goodwill or intangible asset impairment as a result of other-than-temporary decreases in Descartes' market capitalization; and other factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada, including Descartes' most recently filed Management's Discussion and Analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. Reconciliation of Non-GAAP Financial Measures - Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with GAAP. We also disclose and discuss certain non-GAAP financial information, used to evaluate our performance, in this and other earnings releases and investor conference calls as a complement to results provided in accordance with GAAP. We believe that current shareholders and potential investors in our company use non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues, in making investment decisions about our company and measuring our operational results. The term “Adjusted EBITDA” refers to a financial measure that we define as earnings before certain charges that management considers to be non-operating expenses and which consist of interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). Adjusted EBITDA as a percentage of revenues divides Adjusted EBITDA for a period by the revenues for the corresponding period and expresses the quotient as a percentage. Management considers these non-operating expenses to be outside the scope of Descartes’ ongoing operations and the related expenses are not used by management to measure operations. Accordingly, these expenses are excluded from Adjusted EBITDA, which we reference to both measure our operations and as a basis of comparison of our operations from period-to-period. Management believes that investors and financial analysts measure our business on the same basis, and we are providing the Adjusted EBITDA financial metric to assist in this evaluation and to provide a higher level of transparency into how we measure our own business. However, Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures and may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues should not be construed as a substitute for net income determined in accordance with GAAP or other non-GAAP measures that may be used by other companies, such as EBITDA. The use of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues does have limitations. In particular, we have completed seven acquisitions since the beginning of fiscal 2024 and may complete additional acquisitions in the future that will result in acquisition-related expenses and restructuring charges. As these acquisition-related expenses and restructuring charges may continue as we pursue our consolidation strategy, some investors may consider these charges and expenses as a recurring part of operations rather than expenses that are not part of operations. The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for Q3FY25, Q2FY25, Q1FY25, Q4FY24, and Q3FY24, which we believe is the most directly comparable GAAP measure. The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for 9MFY25 and 9MFY24, which we believe is the most directly comparable GAAP measure. The Descartes Systems Group Inc. Condensed Consolidated Balance Sheets (US dollars in thousands; US GAAP; Unaudited) The Descartes Systems Group Inc. Consolidated Statements of Operations (US dollars in thousands, except per share and weighted average share amounts; US GAAP; Unaudited) The Descartes Systems Group Inc. Condensed Consolidated Statements of Cash Flows (US dollars in thousands; US GAAP; Unaudited)