The Miami Heat and Milwaukee Bucks meet for the first time of the season in a TNT doubleheader. Miami is 7-7 on the season and playing its second game in eight days. Miami beat Dallas 123-118 in OT on Sunday thanks to a Jimmy Butler dunk that sent the game into OT. Butler scored 33 points and had back-to-back 30-point games for the first time all season. Milwaukee is 8-9 this year and has four straight wins over Houston, Chicago, Indiana, and Charlotte. Giannis Antetokounmpo has led the Bucks in scoring with three straight games of 32 or more points but faces his toughest test against a Miami team that he averages 19.0 career points per game against. With that said, let’s dive into the matchup and offer some information and possibly a sweat or two. We’ve got all the info and analysis you need to know ahead of the game, including the latest info on how to catch the opening tip, projected lineups, recent team performance, player stats, and of course, our predictions, picks & best bets for the game from our modeling tools and staff of experts. Listen to the Rotoworld Basketball Show for the latest player news, waiver claims, roster advice and more from our experts all season long. Details & how to watch Bucks @ Heat ● Date: Tuesday, November 26, 2024 ● Time: 7:30 PM ET ● Site: American Airlines Arena ● City: Miami, FL ● TV/Streaming: TNT Never miss a second of the action and stay up-to-date with all the latest team stats and player news. Check out our day-by-day MLB schedule page , along with detailed matchup pages that update live in-game with every out. Game odds for Milwaukee @ Miami The latest odds as of Tuesday afternoon: ● Moneyline: Milwaukee Bucks (+115), Miami Heat (-135) ● Spread: Miami -2 (-110) ● Total: 222.5 Bet the Edge is your source for all things sports betting. Get all of Jay Croucher and Drew Dinsick’s insight on weekdays at 6AM ET right here or wherever you get your favorite podcasts. Probable starting lineups for Milwaukee and Miami · Milwaukee Bucks (8-9) PG Damian Lillard SG Andre Jackson SF Taurean Prince PF Giannis Antetokounmpo C Brook Lopez · Miami Heat (7-7) PG Tyler Herro SG Duncan Robinson SF Jimmy Butler PF Haywood Highsmith C Bam Adebayo Top betting trends & insights to know ahead of Bucks @ Heat Milwaukee is 6-10-1 ATS this season, ranking tied for seventh-worst. Miami is 7-7 ATS this season and 2-4 at home, ranking 8th-worst. Milwaukee is 1-2 ATS as a road underdog and 2-5 ATS as a road team overall, ranking third-worst. Milwaukee is 10-7 to the Under, ranking fifth-best. Miami is 8-6 ot the Over this year. Giannis Antetokounmpo scored at least 32 points in three straight games. Jimmy Butler has 30 and 33 points in the last two games. Notable Player Props for Bucks @ Heat Highest Point Props Giannis Antetokounmpo O/U 30.5 Points Damian Lillard O/U 23.5 Points Tyler Herro O/U 21.5 Points Jimmy Butler O/U 20.5 Points Bam Adebayo O/U 17.5 Points Highest Rebound Props Giannis Antetokounmpo O/U 11.5 Points Bam Adebayo O/U 10.5 Rebounds Bobby Portis O/U 7.5 Rebounds Highest Assist Props Damian Lillard O/U 7.5 Assists Giannis Antetokounmpo O/U 5.5 Assists Tyler Herro O/U 4.5 Assists Expert picks & predictions for Bucks @ Heat Please bet responsibly. If you or someone you know has a gambling problem, call the National Gambling Helpline at 1-800-522-4700. NBC Sports Bet Best Bet Vaughn Dalzell (@VmoneySports) likes the Miami Heat to go UNDER the first-quarter Team Total of 29.5: “These teams know each other real well having played each other in the 2022-23 postseason and three teams last year, so I expect a competitive and fun Cup Game between the Bucks and Heat. I am going Under 29.5 first-quarter points for Miami in this spot. Lately, Miami has struggled in the first quarter with 25.0 1Q PPG in the past five (29th in Offensive Efficiency). Overall, Miami ranks 24th in the NBA with 26.8 first-quarter points per game (22nd in off eff) and 14th with 29.2 at home (14th in off eff). When they met last year, Miami scored 28, 22, and 40 first-quarter points. The Heat are coming off an OT game and this will be the second game in eight days for Miami, which isn’t always a great equation to fast starts.” Here are the best bets our model is projecting for the Bucks and the Heat: · Moneyline : NBC Sports finds confidence in taking Miami on the ML (-135) · Spread : NBC Sports has strong confidence in Miami -2 on the spread · Total : NBC Sports has low confidence towards a play on the Total OVER 222.5 points Want even more NBA best bets and predictions from our expert staff & tools? Check out the EXPERT NBA Predictions page from NBC Sports for money line, spread and total picks for each of the games on today’s calendar! Follow our experts on socials to keep up with all the latest content from the staff: · Jay Croucher (@croucherJD) · Drew Dinsick (@whale_capper) · Vaughn Dalzell (@VmoneySports) · Brad Thomas (@MrBradThomas)SAN FRANCISCO , Dec. 5, 2024 /PRNewswire/ -- Docusign, Inc. (NASDAQ: DOCU) today announced results for its fiscal quarter ended October 31, 2024. Prepared remarks and the news release with the financial results will be accessible on Docusign's website at investor.docusign.com prior to its webcast. "Docusign delivered powerful new innovation for customers highlighted by new capabilities to its Intelligent Agreement Management ("IAM") platform," said Allan Thygesen , CEO of Docusign. "In Q3, early IAM momentum outpaced expectations, and we continued to drive improvement in our core business with strong revenue growth and operating profit." Third Quarter Financial Highlights A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures and Other Key Metrics." Key Business Highlights: IAM Product Releases and Highlights : Docusign announced new product capabilities to its IAM platform. Highlights from recent product releases include: Contract Lifecycle Management ("CLM") Product Releases and Highlights : Developer Ecosystem: Guidance The company currently expects the following guidance: Total revenue $758 to $762 Subscription revenue $741 to $745 Billings $870 to $880 Non-GAAP gross margin 81.0 % to 82.0 % Non-GAAP operating margin 27.5 % to 28.5 % Non-GAAP diluted weighted-average shares outstanding 209 to 214 Total revenue $2,959 to $2,963 Subscription revenue $2,885 to $2,889 Billings $3,056 to $3,066 Non-GAAP gross margin 81.9 % to 82.1 % Non-GAAP operating margin 29.5 % to 29.7 % Non-GAAP diluted weighted-average shares outstanding 210 to 212 A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by many factors, including the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this release. Webcast Conference Call Information The company will host a conference call on December 5, 2024 at 2:00 p.m. PT ( 5:00 p.m. ET ) to discuss its financial results. A live webcast of the event will be available on the Docusign Investor Relations website at investor.docusign.com . Prepared remarks and the news release with the financial results will also be accessible on Docusign's website prior to the webcast. A live dial-in will be available domestically at 877-407-0784 or internationally at 201-689-8560. A replay will be available domestically at 844-512-2921 or internationally at 412-317-6671 until midnight (EST) December 19, 2024 using the passcode 13750095. About Docusign Docusign brings agreements to life. Over 1.6 million customers and more than a billion people in over 180 countries use Docusign solutions to accelerate the process of doing business and simplify people's lives. With intelligent agreement management, Docusign unleashes business critical data that is trapped inside of documents. Until now, these were disconnected from business systems of record, costing businesses time, money, and opportunity. Using Docusign's IAM platform, companies can create, commit, and manage agreements with solutions created by the #1 company in e-signature and CLM. Learn more at www.docusign.com . Copyright 2024. Docusign, Inc. is the owner of DOCUSIGN® and all its other marks (www.docusign.com/IP). Investor Relations: Docusign Investor Relations investors@docusign.com Media Relations: Docusign Corporate Communications media@docusign.com Forward-Looking Statements This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management's beliefs and assumptions and on information currently available to management, and which statements involve substantial risk and uncertainties. All statements contained in this press release other than statements of historical fact, including statements regarding our future operating results and financial position, our business strategy and plans, market growth and trends, objectives for future operations, and the impact of such assumptions on our financial condition and results of operations are forward-looking statements. Forward-looking statements in this press release also include, among other things, statements under "Guidance" above and any other statements about expected financial metrics, such as revenue, billings, non-GAAP gross margin, non-GAAP operating margin, non-GAAP diluted weighted-average shares outstanding, and non-financial metrics, as well as statements related to our expectations regarding the benefits, rollout and customer demand of the Docusign IAM platform. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements contained in this press release include, but are not limited to, statements about: our expectations regarding global macro-economic conditions, including the effects of inflation, volatile interest rates, and market volatility on the global economy; our ability to estimate the size and growth of our total addressable market; our ability to compete effectively in an evolving and competitive market; the impact of any data breaches, cyberattacks or other malicious activity on our technology systems; our ability to effectively sustain and manage our growth and future expenses and maintain or increase future profitability; our ability to attract new customers and maintain and expand our existing customer base; our ability to effectively implement and execute our restructuring plans; our ability to scale and update our platform to respond to customers' needs and rapid technological change, including our ability to successfully incorporate generative artificial intelligence into our existing and future products; our ability to successfully execute our technical developments, go-to-market and sales strategy for our IAM platform; our ability to expand use cases within existing customers and vertical solutions; our ability to expand our operations and increase adoption of our platform internationally; our ability to strengthen and foster our relationships with developers; our ability to retain our direct sales force, customer success team and strategic partnerships around the world; our ability to identify targets for and execute potential acquisitions and to successfully integrate and realize the anticipated benefits of such acquisitions; our ability to maintain, protect and enhance our brand; the sufficiency of our cash, cash equivalents and capital resources to satisfy our liquidity needs; limitations on us due to obligations we have under our credit facility or other indebtedness; our ability to realize the anticipated benefits of our stock repurchase program; our failure or the failure of our software to comply with applicable industry standards, laws and regulations; our ability to maintain, protect and enhance our intellectual property; our ability to successfully defend litigation against us; our ability to attract large organizations as users; our ability to maintain our corporate culture; our ability to offer high-quality customer support; our ability to hire, retain and motivate qualified personnel, including executive level management; our ability to successfully manage and integrate executive management transitions; uncertainties regarding the impact of general economic and market conditions, including as a result of regional and global conflicts; and our ability to maintain proper and effective internal controls. Additional risks and uncertainties that could affect our financial results are included in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report on Form 10-K for the fiscal year ended January 31, 2024 filed on March 21, 2024 , our quarterly report on Form 10-Q for the quarter ended October 31, 2024 , which we expect to file on December 6, 2024 with the Securities and Exchange Commission (the "SEC"), and other filings that we make from time to time with the SEC. The forward-looking statements made in this press release relate only to events as of the date on which such statements are made. We undertake no obligation to update any forward-looking statements after the date of this press release or to conform such statements to actual results or revised expectations, except as required by law. Non-GAAP Financial Measures and Other Key Metrics To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly-titled measures used by other companies, are presented to enhance investors' overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects, and allow for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We present these non-GAAP measures to assist investors in seeing our financial performance using a management view, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry. However, these non-GAAP measures are not intended to be considered in isolation from, a substitute for, or superior to our GAAP results. Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income and non-GAAP net income per share : We define these non-GAAP financial measures as the respective GAAP measures, excluding expenses related to stock-based compensation, employer payroll tax on employee stock transactions, amortization of acquisition-related intangibles, amortization of debt discount and issuance costs, fair value adjustments to strategic investments, acquisition-related expenses, lease-related impairment and lease-related charges, restructuring and other related charges, as these costs are not reflective of ongoing operations and, as applicable, other special items. The amount of employer payroll tax-related items on employee stock transactions is dependent on our stock price and other factors that are beyond our control and do not correlate to the operation of the business. When evaluating the performance of our business and making operating plans, we do not consider these items (for example, when considering the impact of equity award grants, we place a greater emphasis on overall stockholder dilution rather than the accounting charges associated with such grants). We believe it is useful to exclude these expenses in order to better understand the long-term performance of our core business and to facilitate comparison of our results to those of peer companies and over multiple periods. In addition to these exclusions, we subtract an assumed provision for income taxes to calculate non-GAAP net income. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2024 and fiscal 2025, we have determined the projected non-GAAP tax rate to be 20%. Free cash flow : We define free cash flow as net cash provided by operating activities less purchases of property and equipment. We believe free cash flow is an important liquidity measure of the cash that is available (if any), after purchases of property and equipment, for operational expenses, investment in our business, and to make acquisitions. Free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in excess of our capital investments in property and equipment. Once our business needs and obligations are met, cash can be used to maintain a strong balance sheet and invest in future growth. Billings : We define billings as total revenues plus the change in our contract liabilities and refund liability less contract assets and unbilled accounts receivable in a given period. Billings reflects sales to new customers plus subscription renewals and additional sales to existing customers. Only amounts invoiced to a customer in a given period are included in billings. We believe billings can be used to measure our periodic performance, when taking into consideration the timing aspects of customer renewals, which represents a large component of our business. Given that most of our customers pay in annual installments one year in advance, but we typically recognize a majority of the related revenue ratably over time, we use billings to measure and monitor our ability to provide our business with the working capital generated by upfront payments from our customers. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see "Reconciliation of GAAP to Non-GAAP Financial Measures" below. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, (in thousands, except per share data) 2024 2023 2024 2023 Revenue: Subscription $ 734,693 $ 682,352 $ 2,143,542 $ 1,991,026 Professional services and other 20,127 18,069 56,945 58,470 Total revenue 754,820 700,421 2,200,487 2,049,496 Cost of revenue: Subscription 134,587 114,227 393,561 339,354 Professional services and other 21,950 28,418 67,887 85,360 Total cost of revenue 156,537 142,645 461,448 424,714 Gross profit 598,283 557,776 1,739,039 1,624,782 Operating expenses: Sales and marketing 290,597 292,473 859,705 867,916 Research and development 151,101 136,640 432,992 387,964 General and administrative 97,555 108,215 277,162 316,910 Restructuring and other related charges — 710 29,721 30,293 Total operating expenses 539,253 538,038 1,599,580 1,603,083 Income from operations 59,030 19,738 139,459 21,699 Interest expense (462) (1,577) (1,150) (5,135) Interest income and other income, net 13,006 17,673 41,745 47,373 Income before provision for (benefit from) income taxes 71,574 35,834 180,054 63,937 Provision for (benefit from) income taxes 9,151 (2,971) (804,340) 17,198 Net income $ 62,423 $ 38,805 $ 984,394 $ 46,739 Net income per share attributable to common stockholders: Basic $ 0.31 $ 0.19 $ 4.81 $ 0.23 Diluted $ 0.30 $ 0.19 $ 4.69 $ 0.23 Weighted-average shares used in computing net income per share: Basic 203,567 204,456 204,674 203,609 Diluted 208,706 208,054 209,755 208,317 Stock-based compensation expense included in costs and expenses: Cost of revenue—subscription $ 14,862 $ 13,705 $ 44,636 $ 38,143 Cost of revenue—professional services and other 4,765 7,343 14,465 21,359 Sales and marketing 49,347 53,715 154,396 150,604 Research and development 53,184 48,310 150,816 129,458 General and administrative 31,070 36,337 91,239 111,271 Restructuring and other related charges — 8 4,836 4,996 CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands) October 31, 2024 January 31, 2024 Assets Current assets Cash and cash equivalents $ 610,870 $ 797,060 Investments—current 331,506 248,402 Accounts receivable, net 300,444 439,299 Contract assets—current 13,645 15,922 Prepaid expenses and other current assets 75,412 66,984 Total current assets 1,331,877 1,567,667 Investments—noncurrent 112,805 121,977 Property and equipment, net 278,623 245,173 Operating lease right-of-use assets 113,365 123,188 Goodwill 455,678 353,138 Intangible assets, net 83,307 50,905 Deferred contract acquisition costs—noncurrent 445,987 409,627 Deferred tax assets—noncurrent 816,538 2,031 Other assets—noncurrent 132,028 97,584 Total assets $ 3,770,208 $ 2,971,290 Liabilities and Equity Current liabilities Accounts payable $ 18,144 $ 19,029 Accrued expenses and other current liabilities 94,591 104,037 Accrued compensation 158,779 195,266 Contract liabilities—current 1,307,749 1,320,059 Operating lease liabilities—current 19,507 22,230 Total current liabilities 1,598,770 1,660,621 Contract liabilities—noncurrent 22,931 21,980
WASHINGTON, D.C. — U.S. Senator Bob Casey (D-PA) closed a historic chapter in his political career this week, chairing his final hearing of the Senate Special Committee on Aging. Known as a tireless advocate for people with disabilities, Casey used his platform to push groundbreaking reforms during his 18 years in the Senate. This final hearing, titled “ Empowering People with Disabilities to Live, Work, Learn, and Thrive ,” was a fitting testament to the senator’s enduring legacy in disability rights and a stark reminder of the void his departure will leave. Throughout his Senate tenure, Casey fought with an unwavering resolve to dismantle the systemic barriers that suppress opportunities for millions of Americans with disabilities. Reflecting on his work, he spoke about the voices that motivated him to act. “From the beginning of my time in the Senate, I heard a constant refrain from disability advocates...they faced barriers to save for their future, they were being paid well below a living wage, and they could not afford or access the care they needed,” Casey said. It was this consistent call to action that shaped his legislative mission. Perhaps his most notable achievement was the creation of the ABLE program, which revolutionized the way people with disabilities could save for their future. Before ABLE, many people with disabilities could not accrue savings without risking the loss of crucial benefits like Medicaid or Supplemental Security Income. Casey changed that reality. To date, the program has helped hundreds of thousands of people save for essential costs, from healthcare and housing to educational expenses. His legislative fingerprints don’t end there. Casey played a central role in making federal websites more accessible, a major step in ensuring equal access to government services. He also championed the fight to prioritize home-care access and relentlessly pressured Congress to phase out exploitative subminimum wage practices, an archaic policy that enables employers to pay disabled workers less than the federal minimum wage. Witnesses at the hearing underscored Casey’s unparalleled impact on the disability community. Lydia Brown, Director of Policy at the National Disability Institute, praised his leadership in passing the ABLE Act. “Ten years ago, Senator Casey’s leadership...changed the game. For many disabled people on Medicaid, an ABLE account is also their only available means to save for retirement,” Brown said. Ai-Jen Poo, President of the National Domestic Workers Alliance, highlighted the stakes of Casey’s absence. “It is daunting to think about facing the challenges ahead...without you at the helm,” she said, emphasizing the ripple effects of his advocacy. For Neil McDevitt, Mayor of North Wales, Pennsylvania, Casey’s work resonated deeply at both local and national levels. “You have been a steadfast ally... We owe you a debt that can never be repaid,” he said. Despite these milestones, Casey’s departure comes at a critical time. The path to achieving full disability equity remains riddled with challenges. Advocates are bracing for a fight to safeguard Medicaid and continue expanding access to housing, education, and economic opportunity. Bob Casey’s exit from the Senate signifies the end of an era—not just for Pennsylvania, but for the national disability rights movement. His legacy will be remembered as one driven by compassion, intellect, and a relentless pursuit of justice. Yet for those following in his footsteps, the message is clear: the work must—and will—continue. Though this chapter closes with Casey stepping away, the blueprint for progress he leaves behind is an indelible reminder of what leadership can achieve when it is fueled by purpose and driven by the voices of those who need it most. For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN .A five-bedroom, four-bathroom home by renowned late-twentieth century architect Michael Dysart has sold under the hammer for $3.796 million, well above its $3.2 million reserve. Subscribe now for unlimited access . Login or signup to continue reading All articles from our website & app The digital version of Today's Paper Breaking news alerts direct to your inbox Interactive Crosswords, Sudoku and Trivia All articles from the other regional websites in your area Continue Design gem saved as restorers outbid a developer in heated auction The sprawling home in East Lindfield on Sydney's upper north shore was one of just 2,597 homes that went to auction in capital cities across the country last week, as auction volumes wind down ahead of Christmas. According to CoreLogic, the volume of auctions was down on the 2,881 auctions held the previous week and well below the spring peak of 3,135 auctions held over the week ending October 27. Meanwhile, the preliminary combined capitals auction clearance rate was just 62.4 per cent, the lowest preliminary result so far this year. It is the first time the home at 21 Karoo Avenue , which features Dysart's classic architectural hallmarks, an outdoor swimming pool and views over Middle Harbour and surrounds, has been sold in 40 years. Design gem saved as restorers outbid a developer in heated auction Listing agent Jessica Cao from Ray White Upper North Shore said while the auction started hesitantly, three interested buyers soon made clear their desires to call the home their own. "The bidding started at $2.5 million and was slow to start, but once it got underway, the bids started coming and it flew past the reserve," Ms Cao said. While five buyers registered to bid at the hotly contested auction, just three raised their hands "There were three active bidders, one was a developer, but once bidding hit the $3.5 million mark, they dropped out and it was just the two bidders left going up in $1,000 bids," she said. "I had a mix of different buyers express interest in the home, some were owner occupiers who loved the architecture and the design, there were also investors, and developers who were drawn to the view," she said. Design gem saved as restorers outbid a developer in heated auction "The winning bidders were owner occupiers, a young couple with children who loved the design of the house and wanted to totally restore it, which made the seller very happy," Ms Cao said. The significant architectural home was one of 923 properties that went to auction in Sydney last week, compared to 1,031 the previous week. This time last year 1,072 homes went to auction in Sydney, according to CoreLogic. Sydney's preliminary clearance rate was 58.2 per cent, the lowest of the year so far and down nearly 8 percentage points from 65.1 per cent the week prior, which revised down to 58.2 per cent once finalised. This time last year the auction clearance rate in Sydney was 57 per cent. Aberfeldie Bungalow Fetches $2.2m A five-bedroom, three-bathroom Californian Bungalow with an outdoor lap pool in Melbourne's inner northwest has sold for the second time this year. Design gem saved as restorers outbid a developer in heated auction The home at 36 Aberdeen Street in Aberfeldie attracted two bidders on Saturday, and despite being passed in for $2.110 million, it sold immediately after to the highest bidder for $2.2 million. Records show the home last sold in February this year for $2.1 million. The vendors have since added the lap pool with decking. Listing agent Nick Eres from Matthews Essendon said both bidders were owner occupiers, hoping to move into the home close to the Maribyrnong River. Design gem saved as restorers outbid a developer in heated auction "The successful bidder was returning to the area after living interstate," Mr Eres said. The stunning home was one of 1.207 properties that went to auction in Melbourne last week, well down on the 1.390 auctions held the previous week, according to CoreLogic. This time last year 1,415 homes went to auction in Melbourne. Melbourne's preliminary clearance rate was 67 per cent, up slightly from last week's preliminary clearance rate of 64.1 per cent, which revised down to 61.7 per cent once finalised. This time last year the auction clearance rate in Melbourne was 56.2 per cent. Queenslanders seeking cooler climate snare Victorian cottage In central Ballarat, a renovated three-bedroom Victorian sold under the hammer for $615,000. Design gem saved as restorers outbid a developer in heated auction Listing agent Mark Williams from Ray White Ballarat said the charming home at 403 South Street attracted seven registered bidders, proving popular with owner occupiers. "It was a beautifully presented low maintenance property. The owners freshly painted it so there was nothing left to do to it. And we're finding that buyers at the moment are looking for something to move into that they don't have to touch," he said, adding that its central location and "good price point" also appealed to buyers. '"There were no investors, everyone who showed interest was looking to move in," he said. Design gem saved as restorers outbid a developer in heated auction Bidding for the home, which features soaring ceilings, open fireplaces and intricate leadlight windows, opened at $400,000 before soaring past its listing price. "We had it listed for $485,000 to $530,000 and it was on the market at $530,000," Mr Williams said. "From that point we had two people fighting for it and it finally sold for $615,000," he said. Mr Williams said the successful bidders were an older couple, moving from interstate to be closer to family. While the underbidder was a local, currently renting nearby. "The successful bidders are moving down from the Gold Coast as they have kids in Melbourne. They were also looking for a cooler climate as they were finding it a bit warm up in Queensland," he said. Design gem saved as restorers outbid a developer in heated auction "I did tell them that 99 per cent of people do the reverse and leave Ballarat for the warmer weather on the Gold Coast," he joked. CoreLogic research director Tim Lawless said the combined capital auction clearance rate of just 62.4 per cent, a full percentage point lower than the week prior and the lowest this year reflected an increase in properties on the market. "The weak outcome for auction markets reflects weaker selling conditions as advertised stock levels rise without a commensurate lift in purchasing activity," he said. Mr Lawless said he expected auction volumes to fall further next week as Christmas fast approaches. "Next week is set to show a further reduction, with around 2,200 homes currently scheduled for auction, reducing to around 800 the week after," he said. Emily Rayner Editor - View Emily Rayner leads content strategy and editorial for View Media Group.She has over two decades of experience in media production and editorial, driving audience engagement and brand growth across multiple platforms at companies such as BBC, ITV, SCA, NOVA and Domain Group. Emily Rayner leads content strategy and editorial for View Media Group.She has over two decades of experience in media production and editorial, driving audience engagement and brand growth across multiple platforms at companies such as BBC, ITV, SCA, NOVA and Domain Group. 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ECB governors back more rate cuts if inflation settles at goalSAN FRANCISCO , Dec. 5, 2024 /PRNewswire/ -- Docusign, Inc. (NASDAQ: DOCU) today announced results for its fiscal quarter ended October 31, 2024. Prepared remarks and the news release with the financial results will be accessible on Docusign's website at investor.docusign.com prior to its webcast. "Docusign delivered powerful new innovation for customers highlighted by new capabilities to its Intelligent Agreement Management ("IAM") platform," said Allan Thygesen , CEO of Docusign. "In Q3, early IAM momentum outpaced expectations, and we continued to drive improvement in our core business with strong revenue growth and operating profit." Third Quarter Financial Highlights A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures and Other Key Metrics." Key Business Highlights: IAM Product Releases and Highlights : Docusign announced new product capabilities to its IAM platform. Highlights from recent product releases include: Contract Lifecycle Management ("CLM") Product Releases and Highlights : Developer Ecosystem: Guidance The company currently expects the following guidance: Total revenue $758 to $762 Subscription revenue $741 to $745 Billings $870 to $880 Non-GAAP gross margin 81.0 % to 82.0 % Non-GAAP operating margin 27.5 % to 28.5 % Non-GAAP diluted weighted-average shares outstanding 209 to 214 Total revenue $2,959 to $2,963 Subscription revenue $2,885 to $2,889 Billings $3,056 to $3,066 Non-GAAP gross margin 81.9 % to 82.1 % Non-GAAP operating margin 29.5 % to 29.7 % Non-GAAP diluted weighted-average shares outstanding 210 to 212 A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by many factors, including the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this release. Webcast Conference Call Information The company will host a conference call on December 5, 2024 at 2:00 p.m. PT ( 5:00 p.m. ET ) to discuss its financial results. A live webcast of the event will be available on the Docusign Investor Relations website at investor.docusign.com . Prepared remarks and the news release with the financial results will also be accessible on Docusign's website prior to the webcast. A live dial-in will be available domestically at 877-407-0784 or internationally at 201-689-8560. A replay will be available domestically at 844-512-2921 or internationally at 412-317-6671 until midnight (EST) December 19, 2024 using the passcode 13750095. About Docusign Docusign brings agreements to life. Over 1.6 million customers and more than a billion people in over 180 countries use Docusign solutions to accelerate the process of doing business and simplify people's lives. With intelligent agreement management, Docusign unleashes business critical data that is trapped inside of documents. Until now, these were disconnected from business systems of record, costing businesses time, money, and opportunity. Using Docusign's IAM platform, companies can create, commit, and manage agreements with solutions created by the #1 company in e-signature and CLM. Learn more at www.docusign.com . Copyright 2024. Docusign, Inc. is the owner of DOCUSIGN® and all its other marks (www.docusign.com/IP). Investor Relations: Docusign Investor Relations investors@docusign.com Media Relations: Docusign Corporate Communications media@docusign.com Forward-Looking Statements This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management's beliefs and assumptions and on information currently available to management, and which statements involve substantial risk and uncertainties. All statements contained in this press release other than statements of historical fact, including statements regarding our future operating results and financial position, our business strategy and plans, market growth and trends, objectives for future operations, and the impact of such assumptions on our financial condition and results of operations are forward-looking statements. Forward-looking statements in this press release also include, among other things, statements under "Guidance" above and any other statements about expected financial metrics, such as revenue, billings, non-GAAP gross margin, non-GAAP operating margin, non-GAAP diluted weighted-average shares outstanding, and non-financial metrics, as well as statements related to our expectations regarding the benefits, rollout and customer demand of the Docusign IAM platform. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements contained in this press release include, but are not limited to, statements about: our expectations regarding global macro-economic conditions, including the effects of inflation, volatile interest rates, and market volatility on the global economy; our ability to estimate the size and growth of our total addressable market; our ability to compete effectively in an evolving and competitive market; the impact of any data breaches, cyberattacks or other malicious activity on our technology systems; our ability to effectively sustain and manage our growth and future expenses and maintain or increase future profitability; our ability to attract new customers and maintain and expand our existing customer base; our ability to effectively implement and execute our restructuring plans; our ability to scale and update our platform to respond to customers' needs and rapid technological change, including our ability to successfully incorporate generative artificial intelligence into our existing and future products; our ability to successfully execute our technical developments, go-to-market and sales strategy for our IAM platform; our ability to expand use cases within existing customers and vertical solutions; our ability to expand our operations and increase adoption of our platform internationally; our ability to strengthen and foster our relationships with developers; our ability to retain our direct sales force, customer success team and strategic partnerships around the world; our ability to identify targets for and execute potential acquisitions and to successfully integrate and realize the anticipated benefits of such acquisitions; our ability to maintain, protect and enhance our brand; the sufficiency of our cash, cash equivalents and capital resources to satisfy our liquidity needs; limitations on us due to obligations we have under our credit facility or other indebtedness; our ability to realize the anticipated benefits of our stock repurchase program; our failure or the failure of our software to comply with applicable industry standards, laws and regulations; our ability to maintain, protect and enhance our intellectual property; our ability to successfully defend litigation against us; our ability to attract large organizations as users; our ability to maintain our corporate culture; our ability to offer high-quality customer support; our ability to hire, retain and motivate qualified personnel, including executive level management; our ability to successfully manage and integrate executive management transitions; uncertainties regarding the impact of general economic and market conditions, including as a result of regional and global conflicts; and our ability to maintain proper and effective internal controls. Additional risks and uncertainties that could affect our financial results are included in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report on Form 10-K for the fiscal year ended January 31, 2024 filed on March 21, 2024 , our quarterly report on Form 10-Q for the quarter ended October 31, 2024 , which we expect to file on December 6, 2024 with the Securities and Exchange Commission (the "SEC"), and other filings that we make from time to time with the SEC. The forward-looking statements made in this press release relate only to events as of the date on which such statements are made. We undertake no obligation to update any forward-looking statements after the date of this press release or to conform such statements to actual results or revised expectations, except as required by law. Non-GAAP Financial Measures and Other Key Metrics To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly-titled measures used by other companies, are presented to enhance investors' overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects, and allow for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We present these non-GAAP measures to assist investors in seeing our financial performance using a management view, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry. However, these non-GAAP measures are not intended to be considered in isolation from, a substitute for, or superior to our GAAP results. Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income and non-GAAP net income per share : We define these non-GAAP financial measures as the respective GAAP measures, excluding expenses related to stock-based compensation, employer payroll tax on employee stock transactions, amortization of acquisition-related intangibles, amortization of debt discount and issuance costs, fair value adjustments to strategic investments, acquisition-related expenses, lease-related impairment and lease-related charges, restructuring and other related charges, as these costs are not reflective of ongoing operations and, as applicable, other special items. The amount of employer payroll tax-related items on employee stock transactions is dependent on our stock price and other factors that are beyond our control and do not correlate to the operation of the business. When evaluating the performance of our business and making operating plans, we do not consider these items (for example, when considering the impact of equity award grants, we place a greater emphasis on overall stockholder dilution rather than the accounting charges associated with such grants). We believe it is useful to exclude these expenses in order to better understand the long-term performance of our core business and to facilitate comparison of our results to those of peer companies and over multiple periods. In addition to these exclusions, we subtract an assumed provision for income taxes to calculate non-GAAP net income. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2024 and fiscal 2025, we have determined the projected non-GAAP tax rate to be 20%. Free cash flow : We define free cash flow as net cash provided by operating activities less purchases of property and equipment. We believe free cash flow is an important liquidity measure of the cash that is available (if any), after purchases of property and equipment, for operational expenses, investment in our business, and to make acquisitions. Free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in excess of our capital investments in property and equipment. Once our business needs and obligations are met, cash can be used to maintain a strong balance sheet and invest in future growth. Billings : We define billings as total revenues plus the change in our contract liabilities and refund liability less contract assets and unbilled accounts receivable in a given period. Billings reflects sales to new customers plus subscription renewals and additional sales to existing customers. Only amounts invoiced to a customer in a given period are included in billings. We believe billings can be used to measure our periodic performance, when taking into consideration the timing aspects of customer renewals, which represents a large component of our business. Given that most of our customers pay in annual installments one year in advance, but we typically recognize a majority of the related revenue ratably over time, we use billings to measure and monitor our ability to provide our business with the working capital generated by upfront payments from our customers. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see "Reconciliation of GAAP to Non-GAAP Financial Measures" below. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, (in thousands, except per share data) 2024 2023 2024 2023 Revenue: Subscription $ 734,693 $ 682,352 $ 2,143,542 $ 1,991,026 Professional services and other 20,127 18,069 56,945 58,470 Total revenue 754,820 700,421 2,200,487 2,049,496 Cost of revenue: Subscription 134,587 114,227 393,561 339,354 Professional services and other 21,950 28,418 67,887 85,360 Total cost of revenue 156,537 142,645 461,448 424,714 Gross profit 598,283 557,776 1,739,039 1,624,782 Operating expenses: Sales and marketing 290,597 292,473 859,705 867,916 Research and development 151,101 136,640 432,992 387,964 General and administrative 97,555 108,215 277,162 316,910 Restructuring and other related charges — 710 29,721 30,293 Total operating expenses 539,253 538,038 1,599,580 1,603,083 Income from operations 59,030 19,738 139,459 21,699 Interest expense (462) (1,577) (1,150) (5,135) Interest income and other income, net 13,006 17,673 41,745 47,373 Income before provision for (benefit from) income taxes 71,574 35,834 180,054 63,937 Provision for (benefit from) income taxes 9,151 (2,971) (804,340) 17,198 Net income $ 62,423 $ 38,805 $ 984,394 $ 46,739 Net income per share attributable to common stockholders: Basic $ 0.31 $ 0.19 $ 4.81 $ 0.23 Diluted $ 0.30 $ 0.19 $ 4.69 $ 0.23 Weighted-average shares used in computing net income per share: Basic 203,567 204,456 204,674 203,609 Diluted 208,706 208,054 209,755 208,317 Stock-based compensation expense included in costs and expenses: Cost of revenue—subscription $ 14,862 $ 13,705 $ 44,636 $ 38,143 Cost of revenue—professional services and other 4,765 7,343 14,465 21,359 Sales and marketing 49,347 53,715 154,396 150,604 Research and development 53,184 48,310 150,816 129,458 General and administrative 31,070 36,337 91,239 111,271 Restructuring and other related charges — 8 4,836 4,996 CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands) October 31, 2024 January 31, 2024 Assets Current assets Cash and cash equivalents $ 610,870 $ 797,060 Investments—current 331,506 248,402 Accounts receivable, net 300,444 439,299 Contract assets—current 13,645 15,922 Prepaid expenses and other current assets 75,412 66,984 Total current assets 1,331,877 1,567,667 Investments—noncurrent 112,805 121,977 Property and equipment, net 278,623 245,173 Operating lease right-of-use assets 113,365 123,188 Goodwill 455,678 353,138 Intangible assets, net 83,307 50,905 Deferred contract acquisition costs—noncurrent 445,987 409,627 Deferred tax assets—noncurrent 816,538 2,031 Other assets—noncurrent 132,028 97,584 Total assets $ 3,770,208 $ 2,971,290 Liabilities and Equity Current liabilities Accounts payable $ 18,144 $ 19,029 Accrued expenses and other current liabilities 94,591 104,037 Accrued compensation 158,779 195,266 Contract liabilities—current 1,307,749 1,320,059 Operating lease liabilities—current 19,507 22,230 Total current liabilities 1,598,770 1,660,621 Contract liabilities—noncurrent 22,931 21,980 Best trending stories from the week. 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S&P Dow Jones Indices Announces Dow Jones Sustainability Indices 2024 Review ResultsRALEIGH, N.C. (AP) — North Carolina Lt. Gov. Mark Robinson will not appear at former President Donald Trump ’s rally on Saturday in the battleground state following a CNN report about Robinson’s alleged disturbing online posts, an absence that illustrates the liability the gubernatorial candidate poses for Trump and downballot GOP candidates. Read this article for free: Already have an account? To continue reading, please subscribe: * RALEIGH, N.C. (AP) — North Carolina Lt. Gov. Mark Robinson will not appear at former President Donald Trump ’s rally on Saturday in the battleground state following a CNN report about Robinson’s alleged disturbing online posts, an absence that illustrates the liability the gubernatorial candidate poses for Trump and downballot GOP candidates. Read unlimited articles for free today: Already have an account? RALEIGH, N.C. (AP) — North Carolina Lt. Gov. Mark Robinson will not appear at former President Donald Trump ’s rally on Saturday in the battleground state following a CNN report about Robinson’s alleged disturbing online posts, an absence that illustrates the liability the gubernatorial candidate poses for Trump and downballot GOP candidates. Robinson is not expected to attend the event in Wilmington, according to a person on the Trump campaign and a second person familiar with the matter who spoke on condition of anonymity to discuss internal planning. Robinson has been a frequent presence at Trump’s North Carolina campaign stops. The Republican nominee has referred to Robinson, who is Black, as “Martin Luther King on steroids” and long praised him. But in the wake of Thursday’s CNN report, the Trump campaign issued a statement that didn’t mention Robinson and instead spoke generally about how North Carolina was key to the campaign’s efforts. Robinson’s campaign didn’t respond to a text Friday seeking confirmation on his Saturday plans. The deadline in state law for Robinson to withdraw as the Republican candidate for governor passed late Thursday. State Republican leaders could have picked a replacement had a withdrawal occurred. Robinson has denied writing the posts, which include racial and sexual comments. He said he wouldn’t be forced out of the race by “salacious tabloid lies.” While Robinson won his GOP gubernatorial primary in March, he’s been trailing in several recent polls to Democratic nominee Josh Stein, the state’s attorney general. “Let me reassure you the things that you will see in that story — those are not the words of Mark Robinson,” he told supporters in a video released Thursday by his campaign. “You know my words. You know my character.” State law says a gubernatorial nominee had until the day before the first absentee ballots requested by military and overseas voters are distributed to withdraw. They were distributed starting Friday. Robinson has a history of inflammatory comments that Stein has said made him too extreme to lead North Carolina. They already have contributed to the prospect that campaign struggles for Robinson could help Democratic Vice President Kamala Harris win the state’s 16 electoral votes. Democrats jumped on Robinson and other Republicans after the report aired, showing on social media photos of Robinson with Trump or with other GOP candidates, attempting to tarnish them by association. Losing swing district races for a congressional seat and the General Assembly would endanger the GOP’s control of the U.S. House and retaining veto-proof majorities at the legislature. “The fallout is going to be huge,” Chris Cooper, a political science professor at Western Carolina University, said Friday. “The Democrats are counting on this ... having a big effect.” But Cooper said Republicans could limit problems to the governor’s race only if upward ticket-splitting trends among voters continue. Harris’ campaign rolled out a new ad Friday it calls the first to link Trump to a down-ballot candidate. The commercial alternates between Trump’s praise for Robinson and the lieutenant governor’s comments which his critics have argued show his support for a statewide abortion ban without exceptions. Robinson’s campaign have said that’s not true. The Democratic National Committee is also running billboards in three major North Carolina cities showing a photo of Robinson and Trump and comments Trump has said about him. And a fundraising appeal Friday by Jeff Jackson, Democratic attorney general candidate, also includes a past video showing Republican opponent Dan Bishop saying he endorsed Robinson. “Every North Carolinian when they go to vote ought to look at whether a candidate has done that, because that sends a strong message about who you are as a candidate,” Democratic Gov. Roy Cooper, a top Harris surrogate, said at a Friday news conference. CNN’s story, which describes a series of comments that it said Robinson posted on the message board more than a decade ago, sent tremors through the state’s political class, particularly Republicans. While the state Republican Party came to Robinson’s defense late Thursday pointing out he’s “categorically denied the allegations,” party Chairman Jason Simmons put out his own statement Friday calling them “deeply troubling” and that Robinson “needs to explain them to the people of North Carolina.” U.S. Sen. Thom Tillis, R-N.C., who endorsed a Robinson rival in the primary, said on X that Thursday “was a tough day, but we must stay focused on the races we can win.” He didn’t mention the governor’s race. U.S. Rep. Richard Hudson of North Carolina, chairman of House Republicans’ campaign arm, discounted Robinson’s impact in North Carolina congressional races. CNN reported that Robinson, who would be North Carolina’s first Black governor, attacked on the message board civil rights leader Martin Luther King Jr. in searing terms and once referred to himself as a “black NAZI.” CNN also reported that Robinson wrote of being aroused by a memory of “peeping” women in gym showers when he was 14 along with an appreciation of transgender pornography. Robinson at one point referred to himself as a “perv,” according to CNN. The Associated Press has not independently confirmed that Robinson wrote and posted the messages. CNN said it matched details of the account on the pornographic website forum to other online accounts held by Robinson by comparing usernames, a known email address and his full name. CNN reported that details discussed by the account holder matched Robinson’s age, length of marriage and other biographical information. It also compared figures of speech that were used in his public Facebook profile and that appeared in discussions by the account on the pornographic website. ___ This story was first published on Sep. 20, 2024. It was updated on Nov. 22, 2024 to correct which of Robinson’s social media accounts CNN cited in a comparison to language in messages from a pornographic website message board. CNN cited his public Facebook account, not his Twitter account. ___ Price reported from New York. Associated Press writers Kevin Freking in Washington, Meg Kinnard in Chapin, South Carolina and Makiya Seminera in Raleigh contributed to this report. Advertisement AdvertisementFirst National Bank (FNB) has announced that it will no longer accept traditional swipe payments at toll gates in South Africa. The move is part of a wider effort to enhance security and improve the efficiency of toll payments, especially during the busy festive season when travel peaks. In an email to customers, FNB said: “We would like to inform you of an important upcoming change to the toll gate payment system across South Africa, effective 1 December 2024. As part of efforts to enhance security and streamline payment processes, South African toll gates will begin migrating from traditional magstripe (swipe) payments to contactless tap functionality.” Instead of swiping a card at the toll booths, drivers will now need to use contactless-enabled cards or devices, including debit or credit cards that are EMV (Europay, Mastercard, Visa) compliant, smartphones, smartwatches, and wearables like Garmin, Fitbit, Samsung, and Apple. The change is set to affect major toll routes in South Africa, including the N3 route between Johannesburg and Durban, the N4 route from Pretoria to Komatipoort, and Chapman's Peak and surrounding areas in Cape Town. Foreign-issued cards will also be accepted at toll plazas, making it easier for international travellers to use the system and for those who do not yet have contactless-enabled cards or devices, cash payments or Sanral tags will still be accepted. This shift to contactless payments has been in the works for more than a year. In November 2023, FNB partnered Visa and N3 Toll Concession (N3TC) to introduce the tap payment system as a faster, more secure alternative to swiping or inserting cards at toll booths. The system aims to reduce the time motorists spend at toll plazas, which is particularly beneficial during the busy holiday season, while also combating fraud and nonpayment. “Contactless payments provide a higher level of security as they use short-range wireless communication technology, which is less vulnerable to fraud than traditional 'contact' driven payment methods,” said FNB. FNB transact pillar CEO Daniel Kaan commented on the progress: “Over 80 lanes are ready to be switched on from August to December 2024 on the N3TC route between Gauteng and KwaZulu-Natal. An additional 81 lanes have the tap payment terminals installed along the N4 route between Pretoria and Mozambique.” TimesLIVE
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