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( ) stock surged on Tuesday after the cybersecurity firm reported third-quarter earnings and revenue that topped consensus estimates. Revenue guidance also came in above views. Reported after the market close, Okta earnings were 67 cents per share on an adjusted basis for the quarter ending Oct. 31, up 52% from a year earlier. San Francisco-based Okta said revenue climbed 14% to $665 million. Analysts had expected Okta earnings of 58 cents on revenue of $650 million. "Results were highlighted by subscription revenue growth of 14% to $651 million vs. consensus at $635 million," RBC Capital analyst Matthew Hedberg said in a report. For the current January quarter, Okta predicted revenue growth of 10.5% to $668 million, topping estimates of $651 million. Okta Stock Jumps On Q3 Results On the , Okta stock surged more than 15% to 94.58 in extended trading. OKTA had retreated 12% in 2024 prior to the earnings report. The company's security software monitors and manages privileged accounts. Hackers often target employees or management with administrative access to company computer systems. Heading into the earnings report, Okta owned a Relative Strength Rating of 24 out of a best-possible 99, according to . Growing competition from ( ) is one issue for Okta stock.In conclusion, the Ministry of Education and six other departments' deployment to further strengthen respect and support for teachers reflects a commitment to elevating the status of educators and improving the quality of education in the country. By prioritizing teachers' professional development, welfare, and recognition, the government is paving the way for a more vibrant and effective education system. Through collaborative efforts and sustained investment in teachers, the future of education looks promising, with empowered educators leading the way towards a brighter tomorrow.
Philippine Science HS students get climate leadership training via US Peace CorpsLONDON (AP) — Brighton had most of the chances but could not find the net in a 0-0 draw with Brentford that extended the south coast club’s winless run in the Premier League to six games on Friday. It was a frustrating night for the home side and especially Julio Enciso. The Paraguay striker had a host of opportunities to score but couldn’t make them count. Along with Southampton, Brentford has the worst away record in the league with seven losses and two draws and it was easy to see why in this toothless performance. Brentford had an early goal from Yoane Wissa ruled out for offside and, although it came a bit more into the game in the second half, it failed to pressure Icelandic goalkeeper Hakon Valdimarsson, who made his Premier League debut eight minutes before halftime when Mark Flekken went off with a thigh injury. One bright spot for the home side was the return of winger Solly March. He came on as a late substitute to make his first appearance for Brighton since injuring a knee against Manchester City 14 months ago. The result leaves Brighton in 10th place with 26 points, one spot and two points ahead of the Bees. Arsenal was hosting Ipswich in Friday's other game in the Premier League, ___ AP soccer: The Associated Press
In the world of football, memories can be both beautiful and painful. Sometimes, they can even come back to haunt you in the most unexpected ways. Quique Setien, the newly appointed head coach of Chinese Super League club Beijing Guoan, knows this better than anyone. It has been revealed that Setien, during his time as Barcelona's manager, faced a crushing 2-8 defeat at the hands of Bayern Munich in the Champions League quarter-finals four years ago.
Scanlan: Time for legislators to protect womenFormer Supreme Court Judge and Odisha Mineral Bearing Areas Development Corporation (OMBADC) Oversight Authority Justice Anang Kumar Patnaik is on a 5-day visit to Mayurbhanj to take stock of the progress of works of various developmental initiatives in the district. On Friday, the second day of his visit, Justice Patnaik reviewed the progress in the various public welfare projects at the Udala, Badasahi, and Gopabandhu Nagar blocks of the district, which are developed with financial support from OMBADC. Justice Patnaik first visited Udala NAC to inspect the functioning of the ’24×7 Drink from Tap’ project in the locality as well as visited the Multi-purpose Indoor Stadium there. Following his tour, Justice Patnaik visited Badasahi and Gopabandhu Nagar Blocks where he inspected the water treatment plant & intake well site of Mega Pipe Water Supply projects and took stock of the various services by interacting with the officials and beneficiaries. Meanwhile, all mega piped water projects are being made operational in the Mayurbhanj district to provide potable water to every household across the 26 blocks. Justice Patnaik inspected the progress of work on one of the under-construction projects at Nuagaon GP in Badasahi block. He also visited the ongoing work site of Udala Multi-purpose Indoor Stadium and was pleased with the plan and progress where such a facility is provided across the district. Later, he visited Krushi Vigyan Kendra (KVK) at Samakhunta block and expressed his happiness over the Agri-Incubation & Entrepreneurship Development Programme, Capacity building and first-order Agri processing units. Later he interacted with the officials of the Agriculture department there and further inquired about the vision and way forward of the upcoming projects. On the last leg of his 1st day visit Justice Patnaik went to the Maharaj Sriram Chandra Bhanja Deo University at Takatpur and reviewed the construction of the PG council building, construction of dispensary building, construction of new academic building & extension of the library building there and inspected the educational Infrastructure development in the varsity. The CEO of OMBADC G Rajesh, Officials on Special Duty (OSDs) Shaikh Naimuddin and Dwipayan Patnaik, CEO of OMBADC (Administration) G.Rajesh, General Manager (Operation) Jayant Kumar Dash, LE, Jagannath Mishra, SDE, Aditya Pradhan and Team Leader (OMBADC, Mayurbhanj) Niharkant Sahoo accompanied Justice AK Patnaik during the visit. Collector & District Magistrate Mayurbhanj Hemakanta Say, IAS, CDO cum EO Zilla Parishad, Mayurbhanj, Dharmananda Behera and other senior officials of the district were present on the occasion. Reportedly, Justice Patnaik’s Mayurbhanj tour will continue till 30th December. On 28th December Justice Patnaik will take a meeting with all officials involved in the OMBADC Projects in the district, later on the day he is scheduled to proceed to Rairangpur, and on 29th December he will visit Jashipur & Karanjia to take stock of the working progress.
DETROIT (AP) — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. On Monday, Chancellor Kathaleen St. Jude McCormick turned aside a request from Musk's lawyers to reverse a ruling she announced in January that had thrown out the compensation plan. The judge ruled then that Musk effectively controlled Tesla's board and had engineered the outsize pay package during sham negotiations . Lawyers for a Tesla shareholder who sued to block the pay package contended that shareholders who had voted for the 10-year plan in 2018 had been given misleading and incomplete information. In their defense, Tesla's board members asserted that the shareholders who ratified the pay plan a second time in June had done so after receiving full disclosures, thereby curing all the problems the judge had cited in her January ruling. As a result, they argued, Musk deserved the pay package for having raised Tesla's market value by billions of dollars. McCormick rejected that argument. In her 103-page opinion, she ruled that under Delaware law, Tesla's lawyers had no grounds to reverse her January ruling “based on evidence they created after trial.” On Monday night, Tesla posted on X, the social media platform owned by Musk, that the company will appeal. The appeal would be filed with the Delaware Supreme Court, the only state appellate court Tesla can pursue. Experts say a ruling would likely come in less than a year. “The ruling, if not overturned, means that judges and plaintiffs' lawyers run Delaware companies rather than their rightful owners — the shareholders,” Tesla argued. Later, on X, Musk unleashed a blistering attack on the judge, asserting that McCormick is “a radical far left activist cosplaying as a judge.” Legal authorities generally suggest that McCormick’s ruling was sound and followed the law. Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware, said that in his view, McCormick was right to rule that after Tesla lost its case in the original trial, it created improper new evidence by asking shareholders to ratify the pay package a second time. Had she allowed such a claim, he said, it would cause a major shift in Delaware’s laws against conflicts of interest given the unusually close relationship between Musk and Tesla’s board. “Delaware protects investors — that’s what she did,” said Elson, who has followed the court for more than three decades. “Just because you’re a ‘superstar CEO’ doesn’t put you in a separate category.” Elson said he thinks investors would be reluctant to put money into Delaware companies if there were exceptions to the law for “special people.” Elson said that in his opinion, the court is likely to uphold McCormick's ruling. Experts say no. Rulings on state laws are normally left to state courts. Brian Dunn, program director for the Institute of Compensation Studies at Cornell University, said it's been his experience that Tesla has no choice but to stay in the Delaware courts for this compensation package. The company could try to reconstitute the pay package and seek approval in Texas, where it may expect more friendlier judges. But Dunn, who has spent 40 years as an executive compensation consultant, said it's likely that some other shareholder would challenge the award in Texas because it's excessive compared with other CEOs' pay plans. “If they just want to turn around and deliver him $56 billion, I can't believe somebody wouldn't want to litigate it,” Dunn said. “It's an unconscionable amount of money.” Almost certainly. Tesla stock is trading at 15 times the exercise price of stock options in the current package in Delaware, Morgan Stanley analyst Adam Jonas wrote in a note to investors. Tesla's share price has doubled in the past six months, Jonas wrote. At Monday’s closing stock price, the Musk package is now worth $101.4 billion, according to Equilar, an executive data firm. And Musk has asked for a subsequent pay package that would give him 25% of Tesla's voting shares. Musk has said he is uncomfortable moving further into artificial intelligence with the company if he doesn't have 25% control. He currently holds about 13% of Tesla's outstanding shares. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.L3Harris Technologies Inc. stock underperforms Tuesday when compared to competitorsDespite the grim circumstances surrounding the case, there is a glimmer of hope in the solidarity shown by the online community in coming together to support the victim's family and friends. Vigils have been held in her honor, with messages of love and remembrance flooding social media in a show of unity and resilience in the face of tragedy.
Barcelona is reportedly interested in signing Manchester City's star defender, Nathan Ake, on a free transfer. This potential acquisition has sparked discussions among football fans and analysts regarding its impact on the renewal of Gerard Pique's contract.
Amdocs Awarded Two 2024 AWS Partner AwardsAUSTIN, Texas — Cecile Richards, the daughter of former Texas Gov. Ann Richards, is the latest recipient of the Presidential Medal of Freedom. On Wednesday, President Joe Biden awarded the Medal of Freedom to Richards, a longtime abortion rights activist who served as the president of Planned Parenthood from 2006 until 2018. During Wednesday's ceremony, Biden praised Richards, saying she has “led some of our Nation’s most important civil rights causes — to lift up the dignity of workers, defend and advance women’s reproductive rights and equality and mobilize Americans to exercise their power to vote.” "Such an honor representing abortion rights and the need for health care for all," Richards said in a post on the social media platform X . "@POTUS and @FLOTUS, thank you for all you’ve done to support women’s health and rights. Here’s to the work ahead!" Richards was born in Waco and attended St. Stephen's Episcopal in Austin. During her time at Planned Parenthood, Richards worked to increase access to affordable reproductive health care nationwide and helped push the Democratic Party to embrace abortion rights as a cornerstone political issue. After leaving Planned Parenthood, Richards co-founded Supermajority, an organization that focuses on gender equality. She also co-chairs the super PAC American Bridge 21st Century, which focuses on opposition research against Republican candidates. Richards was diagnosed with glioblastoma, a rare form of brain cancer, in 2023. People with the condition are expected to live for only up to a year and a half after being diagnosed.
Title: From Chaos to Order: Exa Turns Web Search into Your Personal DatabaseA judge has once again rejected Musk's multi-billion-dollar Tesla pay package. Now what?
However, the proposed acquisition has faced regulatory hurdles, with multiple antitrust watchdogs around the world expressing concerns over the potential impact on competition. In April 2021, the UK Competition and Markets Authority (CMA) announced that it would investigate the deal to determine whether it would harm competition and innovation in the tech sector.VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Revolve Renewable Power Corp. REVV REVVF (" Revolve " or the " Company "), a North American owner, operator and developer of renewable energy projects, is pleased to announce that CEO Myke Clark will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on December 5 th , 2024. DATE : December 5 th TIME: 11:30am ET LINK: https://bit.ly/3Yknp3z Mr. Clark is also available for 1x1 meetings. Mr. Clark will provide an update on Revolve's renewable energy project pipeline and corporate catalysts, including: A review of Q1, F2025 results including a 300% increase in the Company's long-term recurring revenue stream. The recent completion of a major interconnection milestone at the Company's 49.6MW Primus Wind project in the U.S. The recent acquisition of a 30 MW solar development project in Alberta, Canada and the current permitting process. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com . For further information contact: Myke Clark, CEO IR@revolve-renewablepower.com 778-372-8499 A bout Revolve Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the US, Canada and Mexico. The Company has a second division, Revolve Renewable Business Solutions which installs and operates sub 20MW "behind the meter" distributed generation (or "DG") assets. Revolve's portfolio includes the following: Operating Assets: 11MW (net) of operating assets under long term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation; Under Construction: a 3MW CHP project and a 450kWp rooftop solar project that are both under construction and expected to be operational later this year; and Development: a diverse portfolio of utility scale development projects across the US, Canada and Mexico with a combined capacity of over 3,000MWs as well as a 140MW+ distributed generation portfolio that is under development. Revolve has an accomplished management team with a demonstrated track record of taking projects from "greenfield" through to "ready to build" status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To-date, Revolve has developed and sold over 1,550MW of projects. Going forward, Revolve is targeting 5,000MW of utility-scale projects under development in the US, Canada and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG assets. Non-IFRS Measures This press release refers to certain non-IFRS measures including Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA"). Non-IFRS measures and industry metrics do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. These measures are provided as additional information to complement IFRS measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. The term EBITDA consists of net loss or gain and excludes interest, taxes, depreciation and amortization. The most directly comparable measure to EBITDA calculated in accordance with IFRS is net gain or net loss . The term EBITDA margin consists of the percentage of net loss or gain and excludes interest, taxes, depreciation and amortization. These measures, have limitations, and are provided in addition to, and not as an alternative for, and should be read in conjunction with, the information contained in our financial statements prepared in accordance with GAAP (including the notes), included in our filings on SEDAR+ at sedarplus.ca and posted on our website. Financial Projections The Company's financial projections are inherently speculative and may prove to be inaccurate. Any financial projections provided in this press release have been prepared in good faith based upon the estimates and assumptions considered reasonable by management. However, projections are no more than estimates of possible events and should not be relied upon to predict the results that the Company may attain. Future oriented financial information in this press release includes statements with respect to forecasted revenues and EBITDA that are expected to be generated by the Project. There is a risk that the assumptions related to these revenue and EBITDA forecasts may not be met and that the Project will not meet the conditions to start construction. The projections are based upon several estimates and assumptions and have not been examined, reviewed or compiled by independent accountants or other third-party experts, including assumptions with respect to the anticipated expenses and future revenues from the Project. These assumptions may vary from the actual results. Accordingly, there is no assurance that future events will correspond to management's assumptions for the Project. Any variations of actual results from projections related to the Project may be material and adverse. Future-oriented financial information and financial outlooks, as with forward-looking information generally, are, without limitation, based on the reasonable assumptions of the Company and management as at the date hereof. Our actual financial position and results of operations and the Project may differ materially from management's current expectations and, as a result, our revenue, profitability, EBITDA may differ materially from any revenue, and profitability profiles provided in this press release. Such information is presented for illustrative purposes only and may not be an indication of our actual financial position or results of operations. Revolve does not provide reconciliations for forward-looking non-GAAP financial measures as Revolve is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or number of various events that have not yet occurred, are out of Revolve's control and/or cannot be reasonably predicted, and that would impact the most directly comparable forward-looking GAAP financial measure. For these same reasons, Revolve is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures may vary materially from the corresponding GAAP financial measures. Forward Looking Information The forward-looking statements contained in this news release constitute ‘‘forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ‘‘forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ‘‘forward-looking statements"). The words "will", "expects", "estimates", "projections", "forecast", "intends", "anticipates", "believes", "targets" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward looking statements in this press release include statements with respect to the proposed acquisition of the Project. This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions considering our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Material factors underlying forward-looking information and management's expectations include: the receipt of applicable regulatory approvals; the absence of material adverse regulatory decisions being received and the expectation of regulatory stability; the absence of any material equipment breakdown or failure; availability of financing on commercially reasonable terms and the stability of credit ratings of the Company and its subsidiaries; the absence of unexpected material liabilities or uninsured losses; the continued availability of commodity supplies and stability of commodity prices; the absence of interest rate increases or significant currency exchange rate fluctuations; the absence of significant operational, financial or supply chain disruptions or liability, including relating to import controls and tariffs; the continued ability to maintain systems and facilities to ensure their continued performance; the absence of a severe and prolonged downturn in general economic, credit, social or market conditions; the successful and timely development and construction of new projects; the absence of capital project or financing cost overruns; sufficient liquidity and capital resources; the continuation of long term weather patterns and trends; the absence of significant counterparty defaults; the continued competitiveness of electricity pricing when compared with alternative sources of energy; the realization of the anticipated benefits of the Company's acquisitions and joint ventures; the absence of a change in applicable laws, political conditions, public policies and directions by governments, materially negatively affecting the Company; the ability to obtain and maintain licenses and permits; maintenance of adequate insurance coverage; the absence of material fluctuations in market energy prices; the absence of material disputes with taxation authorities or changes to applicable tax laws; continued maintenance of information technology infrastructure and the absence of a material breach of cybersecurity; the successful implementation of new information technology systems and infrastructure; favourable relations with external stakeholders; our ability to retain key personnel; our ability to maintain and expand distribution capabilities; and our ability to continue investing in infrastructure to support our growth. Such uncertainties and risks may include, among others, market conditions, delays in obtaining or failure to obtain required regulatory approvals in a timely fashion, or at all; the availability of financing, fluctuating prices, the possibility of project cost overruns, mechanical failure, unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, adverse weather conditions, and unanticipated costs and expenses, variations in the cost of energy or materials or supplies or environmental impacts on operations, disruptions to the Company's supply chains; changes to regulatory environment, including interpretation of production tax credits; armed hostilities and geopolitical conflicts; risks related to the development and potential development of the Company's projects; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; the availability of tax incentives in connection with the development of renewable energy projects and the sale of electrical energy; as well as those factors discussed in the sections relating to risk factors discussed in the Company's continuous disclosure filings on SEDAR+ at sedarplus.ca . There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned that given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required by law. Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company does not undertake to update this information at any time except as required in accordance with applicable laws. "Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.In the meantime, Ortega himself faces an uncertain future. With his contract situation unresolved and the prospect of leaving Barcelona looming, he must focus on his performances on the pitch and trust that his talent and hard work will see him through this challenging period.
By ERIC TUCKER WASHINGTON (AP) — A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top White House official said Friday. Biden administration officials said this month that at least eight telecommunications companies , as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, the deputy national security adviser for cyber and emerging technologies, told reporters Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China’s hacking sophistication. The hackers compromised the networks of telecommunications companies to obtain customer call records and gain access to the private communications of “a limited number of individuals.” Though the FBI has not publicly identified any of the victims, officials believe senior U.S. government officials and prominent political figures are among those whose whose communications were accessed. Neuberger said officials did not yet have a precise sense how many Americans overall were affected by Salt Typhoon, in part because the Chinese were careful about their techniques, but a “large number” were in the Washington-Virginia area. Officials believe the goal of the hackers was to identify who owned the phones and, if they were “government targets of interest,” spy on their texts and phone calls, she said. The FBI said most of the people targeted by the hackers are “primarily involved in government or political activity.” Neuberger said the episode highlighted the need for required cybersecurity practices in the telecommunications industry, something the Federal Communications Commission is to take up at a meeting next month. “We know that voluntary cyber security practices are inadequate to protect against China, Russia and Iran hacking of our critical infrastructure,” she said. The Chinese government has denied responsibility for the hacking.The inclusion of eight individuals on the arrest list underscores the depth of the corruption and misconduct that have plagued South Korea's political elite. It also highlights the growing public demand for accountability and transparency in government affairs. The recent wave of arrests has sparked both outrage and hope among the South Korean population, as they grapple with the implications of such high-profile scandals.