ALL-HAWK EYE FOOTBALL: WB-ND's Collins leads elite squadLONDON (AP) — An artist whose work exploring her Scottish Sikh identity includes a vintage Ford car draped in a crocheted doily won the U.K.’s prestigious Turner Prize on Tuesday, during a ceremony picketed by pro-Palestinian demonstrators. Jasleen Kaur was awarded the 25,000-pound ($32,000) prize by actor James Norton at the Tate Britain gallery in London. Kaur used her acceptance speech to express support for scores of demonstrators outside. She is among signatories to a letter demanding Tate, which runs several major British art museums, cut ties with donors who are linked to Israel over its war in Gaza. “This is not a radical demand,” Kaur said. “This should not risk an artist’s career or safety. “We need a proper ceasefire now,” she said. The Israel-Hamas war has killed more than 43,000 Palestinians, according to Hamas health officials in Gaza. Israel launched the war in response to the militant group's Oct. 7, 2023 cross-border attack that killed some 1,200 Israelis and took more than 250 hostage. A jury led by Tate Britain director Alex Farquhar praised the way 38-year-old Kaur “weaves together the personal, political and spiritual” through “unexpected and playful combinations of material.” Her winning exhibition mixes sculpture, print, everyday items — including family photos, a Ford Escort car and the popular Scottish soda Irn Bru — and immersive music to reflect on her upbringing in Glasgow’s Sikh community. Three other finalists – Pio Abad, Claudette Johnson and Delaine Le Bas – received 10,000 pounds ($12,670) each. Named for 19th-century landscape painter J.M.W. Turner and founded in 1984 to reward young artists, the prize helped make stars of shark-pickling artist Damien Hirst, potter Grayson Perry, sculptor Anish Kapoor and filmmaker Steve McQueen . But it has also been criticized for rewarding impenetrable conceptual work and often sparks debate about the value of modern art, with winners such as Hirst’s "Mother and Child Divided,” which consists of two cows, bisected and preserved in formaldehyde, and Martin Creed’s “Lights On and Off” -- a room with a light blinking on and off – drawing scorn from sections of the media. In 2019, all four finalists were declared winners after they refused to compete against one another, “to make a collective statement in the name of commonality, multiplicity and solidarity.” In 2021, all five finalists were collectives rather than individual artists. The award was initially open to artists under 50 but now has no upper age limit. Works by the four finalists are on display until Feb. 16.
Jagdeep Dhankhar Says "Some Forces" Unable To Digest India's Progress
None
French political turmoil a boost for London as government in Paris teeters on brink By EMILY HAWKINS Updated: 17:01 EST, 3 December 2024 e-mail 1 View comments London should take advantage of the political turmoil in France to boost the stock market, a leading City figure has said. Companies and investors could shy away from Paris as the French government teeters on the brink of collapse, according to Mark Austin, a partner at law firm Latham & Watkins. And tensions between China and the US are making listings in Asia seem more unappealing, he added. Austin, who is one of the experts behind recent City reforms, said crises abroad have inspired ‘a lot of enquiries’ about moving capital to London instead as it is now the ‘adult in the corner of the room’. His remarks came as City watchdog the Financial Conduct Authority (FCA) appeared to pave the way for Chinese fast fashion retailer Shein’s controversial £50billion listing. Investment company Pershing Square Holdings, meanwhile, ditched its Amsterdam listing yesterday. Turmoil: Companies and investors could shy away from Paris as the French government teeters on the brink of collapse, according to Mark Austin, a partner at law firm Latham & Watkins That means it shares will solely trade in London where it is a member of the FTSE 100. Pershing cited improved liquidity in London as one of the reasons. But Nikolay Storonsky, boss of online bank Revolut, said it was ‘just not rational’ to opt for London over a US listing. There are hopes the tide is turning after the City has lost high-profile firms to overseas rivals in recent years. Austin, a member of the Capital Markets Industry Taskforce, a group of City figures led by London Stock Exchange chief Julia Hoggett, said he has seen interest in investment being moved out of Europe and towards the UK. Speaking on the BBC’s Today programme, he said: ‘We are seeing a lot of enquiries from people who think “actually, is continental Europe a place where I would want to list a business right now?”’ Elections in France, Germany and Austria have given rise to instability while the reign of Right-wing leaders Geert Wilders in Netherlands and Giorgia Meloni in Italy have also set investors on edge. RELATED ARTICLES Previous 1 Next Reeves must unlock the magic of AI if she wants to meet her... Listing on the London stock market is 'not rational', says... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account And companies are growing wary of having ‘sole exposure’ to Asia, such as the Hong-Kong listed firm CK Infrastructure which made a secondary initial public offering (IPO) in London in August, Austin said. This happened two weeks after the City watchdog’s reforms were introduced in July. ‘There is a sense that the UK is starting to establish itself as an independent financial centre, well regulated, in a good time zone,’ Austin said. There is a growing confidence that reforms to listing rules will continue to revive the UK’s status. The FCA’s reforms came into force on July 29, creating a simplified regime that ended a distinction between standard and premium listings. Before this, only companies with premium listings could join the FTSE 100 and FTSE 250 indices, so abolishing the distinction has cleared the way for more to do so. In a memo last week, Austin said the City was set for success next year. He said: ‘The capital cycle is coming, and although IPOs are not going to come in the very near future – they are coming, and in numbers, in 2025 and 2026 onwards.’ DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: French political turmoil a boost for London as government in Paris teeters on brink e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. More top storiesPresident Biden's pardon of his son Hunter is understandable. It's also unforgivable
Awarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage PSTG , the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights Revenue $831.1 million , an increase of 9% year-over-year Subscription services revenue $376.4 million , up 22% year-over-year Subscription annual recurring revenue (ARR) $1.6 billion , up 22% year-over-year Remaining performance obligations (RPO) $2.4 billion , up 16% year-over-year GAAP gross margin 70.1%; non-GAAP gross margin 71.9% GAAP operating income $59.7 million ; non-GAAP operating income $167.3 million GAAP operating margin 7.2%; non-GAAP operating margin 20.1% Q3 operating cash flow $97.0 million ; free cash flow $35.2 million Total cash, cash equivalents, and marketable securities $1.6 billion Returned approximately $182 million in the third quarter to stockholders through share repurchases of 3.6 million shares "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Leading the Hyperscale Opportunity: With its industry-first design win with a top-four hyperscaler, Pure Storage is extending its DirectFlash ® technology into massive scale environments today dominated by hard disks. The unmatched capabilities of Pure's DirectFlash ® technology deliver new levels of innovation, performance, and scalability to an industry with demanding requirements, enabling hyperscalers to fully modernize their infrastructure, significantly improve operational efficiency, and dramatically free up scarce electrical power. Pure Storage also deepened its collaboration with Kioxia, a global leader of NAND Flash technology, to develop cutting-edge technology and manufacturing capacity to address the growing need for high-performance, scalable storage infrastructure for tomorrow's hyperscale environments. Advancing Enterprise AI: Pure Storage expanded its ability to serve the world's largest AI training environments with recent certification of FlashBlade//S500 with NVIDIA DGX SuperPOD, which optimizes performance, power, and space efficiency. Pure also entered into a strategic partnership with CoreWeave to better serve AI customers by making Pure Storage available as a standard option within the CoreWeave dedicated cloud environment. With its introduction of the new Pure Storage GenAI Pod, Pure Storage is providing a set of full-stack solutions which reduce the time, cost, and expertise required to deploy generative AI projects. Delivering Platform Innovation: With the Pure Storage platform, Pure is driving the biggest shift in enterprise storage since Flash. Pure Storage will be delivering v2.0 of Pure Fusion TM in its fourth quarter, which will enable customers to create their own enterprise data cloud, opening their data storage environment like the hyperscalers operate theirs. During the quarter Pure Storage unveiled solutions enabling seamless VMware migrations to Microsoft Azure, delivering enterprise-scale flexibility. And the new Pure Storage FlashArray TM with AWS Outposts brings together Amazon Web Services and Pure's enterprise-grade storage on AWS Outposts, giving customers the flexibility to run cloud services on an enterprise-grade storage platform within their own data centers. Industry Recognition and Accolades Leader for Fifth Consecutive Year in the 2024 Gartner ® Magic Quadrant TM for Primary Storage Platforms Leader for Fourth Consecutive Year in the 2024 Gartner ® Magic Quadrant TM for File and Object Storage Platforms Forbes Most Trusted Companies in America 2025 (Ranked #144) Fortune Best Places to Work in Technology 2024 (Ranked #14) Fourth Quarter and FY25 Guidance Q4FY25 Revenue $867M Revenue YoY Growth Rate 9.7 % Non-GAAP Operating Income $135M Non-GAAP Operating Margin 15.6 % FY25 Revenue $3.15B Revenue YoY Growth Rate 11.5 % Non-GAAP Operating Income $540M Non-GAAP Operating Margin 17 % These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage PSTG delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release. PURE STORAGE, INC. Condensed Consolidated Balance Sheets (in thousands, unaudited) At the End of Third Quarter of Fiscal 2025 Fiscal 2024 Assets Current assets: Cash and cash equivalents $ 894,569 $ 702,536 Marketable securities 753,960 828,557 Accounts receivable, net of allowance of $956 and $1,060 578,224 662,179 Inventory 41,571 42,663 Deferred commissions, current 86,839 88,712 Prepaid expenses and other current assets 204,485 173,407 Total current assets 2,559,648 2,498,054 Property and equipment, net 431,353 352,604 Operating lease right-of-use-assets 157,574 129,942 Deferred commissions, non-current 210,671 215,620 Intangible assets, net 23,039 33,012 Goodwill 361,427 361,427 Restricted cash 11,249 9,595 Other assets, non-current 99,504 55,506 Total assets $ 3,854,465 $ 3,655,760 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,021 $ 82,757 Accrued compensation and benefits 155,652 250,257 Accrued expenses and other liabilities 141,846 135,755 Operating lease liabilities, current 47,941 44,668 Deferred revenue, current 897,174 852,247 Debt, current 100,000 — Total current liabilities 1,444,634 1,365,684 Long-term debt — 100,000 Operating lease liabilities, non-current 146,390 123,201 Deferred revenue, non-current 784,282 742,275 Other liabilities, non-current 68,573 54,506 Total liabilities 2,443,879 2,385,666 Stockholders' equity: Common stock and additional paid-in capital 2,821,010 2,749,627 Accumulated other comprehensive income (loss) 1,023 (3,782) Accumulated deficit (1,411,447) (1,475,751) Total stockholders' equity 1,410,586 1,270,094 Total liabilities and stockholders' equity $ 3,854,465 $ 3,655,760 PURE STORAGE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Revenue: Product $ 454,735 $ 453,277 $ 1,204,714 $ 1,161,978 Subscription services 376,337 309,561 1,083,608 878,838 Total revenue 831,072 762,838 2,288,322 2,040,816 Cost of revenue: Product (1) 154,970 126,770 385,446 343,588 Subscription services (1) 93,180 83,321 284,168 244,541 Total cost of revenue 248,150 210,091 669,614 588,129 Gross profit 582,922 552,747 1,618,708 1,452,687 Operating expenses: Research and development (1) 200,086 182,100 589,396 549,923 Sales and marketing (1) 255,830 231,707 757,069 696,885 General and administrative (1) 67,319 64,729 213,551 192,944 Restructuring and impairment (2) — — 15,901 16,766 Total operating expenses 523,235 478,536 1,575,917 1,456,518 Income (loss) from operations 59,687 74,211 42,791 (3,831) Other income (expense), net 17,156 5,184 50,684 23,619 Income before provision for income taxes 76,843 79,395 93,475 19,788 Income tax provision 13,204 9,006 29,171 23,915 Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127) Net income (loss) per share attributable to common stockholders, basic $ 0.19 $ 0.22 $ 0.20 $ (0.01) Net income (loss) per share attributable to common stockholders, diluted $ 0.19 $ 0.21 $ 0.19 $ (0.01) Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic 327,675 314,153 325,530 309,842 Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted 340,564 330,255 341,490 309,842 (1) Includes stock-based compensation expense as follows: Cost of revenue -- product $ 3,216 $ 1,443 $ 9,443 $ 7,056 Cost of revenue -- subscription services 7,800 6,849 24,632 19,347 Research and development 49,227 43,908 150,390 126,225 Sales and marketing 24,393 19,209 72,330 55,883 General and administrative 16,436 16,557 62,161 46,732 Total stock-based compensation expense $ 101,072 $ 87,966 $ 318,956 $ 255,243 (2) Includes expenses for severance and termination benefits related to workforce realignment and lease impairment and abandonment charges associated with cease-use of our former corporate headquarters. PURE STORAGE, INC. Condensed Consolidated Statements of Cash Flows (in thousands, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Cash flows from operating activities Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 29,272 31,647 99,099 91,560 Stock-based compensation expense 101,072 87,966 318,956 255,243 Noncash portion of lease impairment and abandonment — — 3,270 16,766 Other 2,381 (2,815) 5,107 (5,844) Changes in operating assets and liabilities: Accounts receivable, net (161,723) (111,190) 83,998 (23,959) Inventory 5,071 818 (1,590) 5,278 Deferred commissions 669 (9,501) 6,822 (19,061) Prepaid expenses and other assets (40,008) 20,044 (67,014) 19,686 Operating lease right-of-use assets 9,383 7,634 25,911 27,269 Accounts payable 33,755 7,533 20,597 33,844 Accrued compensation and other liabilities 7,781 4,767 (70,951) (52,757) Operating lease liabilities (12,096) (8,324) (30,353) (21,457) Deferred revenue 57,797 59,464 86,934 110,856 Net cash provided by operating activities 96,993 158,432 545,090 433,297 Cash flows from investing activities Purchases of property and equipment (1) (61,788) (45,062) (170,641) (151,591) Purchases of marketable securities and other (43,632) (105,108) (314,083) (351,725) Sales of marketable securities 12,817 3,747 61,241 52,495 Maturities of marketable securities 131,994 109,196 329,978 495,899 Net cash provided by (used in) investing activities 39,391 (37,227) (93,505) 45,078 Cash flows from financing activities Proceeds from exercise of stock options 3,426 3,056 21,194 32,904 Proceeds from issuance of common stock under employee stock purchase plan 26,408 23,870 51,736 45,089 Proceeds from borrowings — 6,890 — 106,890 Principal payments on borrowings and finance lease obligations (1,786) (7,515) (5,721) (584,582) Tax withholding on vesting of equity awards (54,905) (4,755) (141,591) (16,582) Repurchases of common stock (181,999) (22,460) (181,999) (114,341) Net cash used in financing activities (208,856) (914) (256,381) (530,622) Net increase (decrease) in cash, cash equivalents and restricted cash (72,472) 120,291 195,204 (52,247) Cash, cash equivalents and restricted cash, beginning of period 979,807 418,860 712,131 591,398 Cash, cash equivalents and restricted cash, end of period $ 907,335 $ 539,151 $ 907,335 $ 539,151 (1) Includes capitalized internal-use software costs of $6.0 million and $5.1 million for the third quarter of fiscal 2025 and 2024 and $15.8 million and $15.7 million for the first three quarters of fiscal 2025 and 2024. Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures The following table presents non-GAAP gross margins by revenue source before certain items (in thousands except percentages, unaudited): Third Quarter of Fiscal 2025 Third Quarter of Fiscal 2024 GAAP results GAAP gross margin (a) Adjustment Non- GAAP results Non- GAAP gross margin (b) GAAP results GAAP gross margin (a) Adjustment Non- GAAP results Non- GAAP gross margin (b) $ 3,216 (c) $ 1,443 (c) 103 (d) 75 (d) 3,306 (e) 3,306 (e) Gross profit -- product $ 299,765 65.9 % $ 6,625 $ 306,390 67.4 % $ 326,507 72.0 % $ 4,824 $ 331,331 73.1 % $ 7,800 (c) $ 6,849 (c) 368 (d) 329 (d) Gross profit -- subscription services $ 283,157 75.2 % $ 8,168 $ 291,325 77.4 % $ 226,240 73.1 % $ 7,178 $ 233,418 75.4 % $ 11,016 (c) $ 8,292 (c) 471 (d) 404 (d) 3,306 (e) 3,306 (e) Total gross profit $ 582,922 70.1 % $ 14,793 $ 597,715 71.9 % $ 552,747 72.5 % $ 12,002 $ 564,749 74.0 % (a) GAAP gross margin is defined as GAAP gross profit divided by revenue. (b) Non-GAAP gross margin is defined as non-GAAP gross profit divided by revenue. (c) To eliminate stock-based compensation expense. (d) To eliminate payroll tax expense related to stock-based activities. (e) To eliminate amortization expense of acquired intangible assets. The following table presents certain non-GAAP consolidated results before certain items (in thousands, except per share amounts and percentages, unaudited): Third Quarter of Fiscal 2025 Third Quarter of Fiscal 2024 GAAP results GAAP operating margin (a) Adjustment Non- GAAP results Non- GAAP operating margin (b) GAAP results GAAP operating margin (a) Adjustment Non- GAAP results Non- GAAP operating margin (b) $ 101,072 (c) $ 87,966 (c) — 580 (d) 2,991 (e) 2,604 (e) 3,536 (f) 3,718 (f) Operating income $ 59,687 7.2 % $ 107,599 $ 167,286 20.1 % $ 74,211 9.7 % $ 94,868 $ 169,079 22.2 % $ 101,072 (c) $ 87,966 (c) — 580 (d) 2,991 (e) 2,604 (e) 3,536 (f) 3,718 (f) 154 (g) 153 (g) Net income $ 63,639 $ 107,753 $ 171,392 $ 70,389 $ 95,021 $ 165,410 Net income per share -- diluted $ 0.19 $ 0.50 $ 0.21 $ 0.50 Weighted-average shares used in per share calculation -- diluted 340,564 — 340,564 330,255 — 330,255 (a) GAAP operating margin is defined as GAAP operating income divided by revenue. (b) Non-GAAP operating margin is defined as non-GAAP operating income divided by revenue. (c) To eliminate stock-based compensation expense. (d) To eliminate payments to former shareholders of acquired company. (e) To eliminate payroll tax expense related to stock-based activities. (f) To eliminate amortization expense of acquired intangible assets. (g) To eliminate amortization expense of debt issuance costs related to our debt. Reconciliation from net cash provided by operating activities to free cash flow (in thousands except percentages, unaudited): Third Quarter of Fiscal 2025 2024 Net cash provided by operating activities $ 96,993 $ 158,432 Less: purchases of property and equipment (1) (61,788) (45,062) Free cash flow (non-GAAP) $ 35,205 $ 113,370 (1) Includes capitalized internal-use software costs of $6.0 million and $5.1 million for the third quarter of fiscal 2025 and 2024. View original content to download multimedia: https://www.prnewswire.com/news-releases/pure-storage-announces-third-quarter-fiscal-2025-financial-results-302321516.html SOURCE Pure Storage © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.We Wish you a Merry Holiday season – Community Arts Sponsorships & Partnerships at InkLinkNews. Symphony New Hampshire’s collaboration with InkLInkNews and especially the Arts and Culture coverage has been a joy for all involved. From our ability to highlight individual musicians to our coverage of concerts, we have increased awareness of professional symphonic performance in New Hampshire. This relationship has also created opportunities for young people across all of New Hampshire to participate in programming that might not otherwise have been possible. The creation of the NH Concerto was an idea that began with the Symphony and amplified through a season’s long series of interviews with student participants from Keene , Dartmouth , Plymouth and UNH . Wes Coffin , A Maine native attending UNH, received coverage back at his hometown newspaper. Kyle Cook found his friends and ours mingling online during his senior recital this year. Each received more positive and expanded visibility for themselves and their school’s programs than would otherwise have happened. The digital connection and reach of InkLink has made a difference, ongoing. Curated Digital Connection as a mainstay, spreads valuable resume material, improves internet search results, and creates more viable digital imprints for the future. All of this happened because Symphony New Hampshire’s mission of education and student opportunity aligned well with the community and solutions focused journalism driven here at InkLinkNews, Arts, and Culture. Symphony NH’s support of our Performing Arts Partnership has also expanded the InkLink’s Inkubator program. Publisher Carol Robidoux’s foresight launched it years ago and recently, one of her first generation “graduates,” Bob Costa, wrote in supporting the incubator: “Carol Robidoux’s lifelong commitment to journalism, education, and the development of young people has shaped so many careers, including my own. Her founding of a youth section in my hometown newspaper gave me my start, way back when I was a teenager, and I’m eternally grateful for her selfless efforts. I doubt I’d be writing today if I didn’t have that chance. ” – Robert Costa, # 1 New York Times bestselling co-author of ‘Peril’ with Bob Woodward. Today’s Inkubator cohort has Dan Szczesny and Uma covering rock bands and T Harmon and me collaborating on orchestral , classical and jazz performances. If you want to join us as a mentor or have the ability to fund and help expand what we do, we’d love to hear from you! Reach out to me and let’s explore additional opportunities to strengthen our community in 2025. Deanna Hoying, Executive Director, SymphonyNH, wrote that “New Hampshire’s creative economy generated $3.4 billion in annual economic activity (the most recent data available is from 2022). This equates to 3.2% of the state’s GDP. New Hampshire’s arts and cultural organizations create jobs, attract tourists, and support other local businesses.” More than three billion dollars that stays right here in New Hampshire! This represents a large number of people participating in cultural activities that bring people and communities together. Activities that engage all ages and all friendship and family types in ways that connect, educate, and gather, rather than isolate us. InkLinkNews is grateful to the many friends and businesses that recognize the importance of this often unsung work of community building. Many thanks to Symphony NH for their leadership role that is making a difference across our state. As we enter 2025, it will be the Arts that will open new lines of communications across Geo – Political & Social boundaries, keep our communities connected and provide much needed calm. Please join us. Happy Holidays to all.
New witnesses follow ex-alderman at former Illinois House speaker’s corruption trial
NoneCHOOSING your child’s name is a tricky decision, particularly as you don’t want them to resent it later in life. However, this has been sadly the case for one teen who shared how she’s desperate to change her moniker, which was inspired by a Game of Thrones character. Taking to Reddit , she wrote how her parents called her Khaleesi, which is the title given to Daenerys Targaryen, played by Emilia Clarke in the HBO series. She wrote: “My parents named me after a fantasy TV show character, and it's deeply affected my life “I was born just after the first season of the show. They decided to name me after one of the main characters, but it's not her actual name, but instead her title.” She called the name “pretty dumb” and said she has been “bullied and made fun of” among peers. However, she revealed that she didn’t always hate the name Khaleesi. She wrote: “When I was growing up I liked the name because of how unique it is. “I remember a teacher asking me if I'm telling the truth when I told her my name when I was about 6-ish. I didn't understand stuff like that really. “I'm considering getting my name changed, but it feels a little wrong to do so. I do feel like it is my own name, and my parents did name me that. “I don't hate my parents or anything but I did feel angry at them today over it.” She told internet users how she typically goes by Kay as a shortened version as she’s been getting “more and more self conscious” about the name. When she confronted her parents about their choice, they replied that it “fits her”, and got upset at the idea of her changing it. She added: “There's nothing cultural about my name. My parents are just annoying nerds and are too big into fandoms. Harry Potter, Game of Thrones, whatever popular sci-fi or fantasy thing, they're into”. People were quick to comment and offer support. One said: “This post should be pinned in every baby name sub.” Khaleesi replied: “Yeah, I feel like some parents don't get the idea of just how impactful a name actually is. “It's the child who will actually be called that.” CHLOE Morgan, a Senior Writer at Fabulous, has revealed her dilemma on choosing a baby name... At 35 weeks pregnant, by far the trickiest part of pregnancy for me in the past few months (minus the insomnia and countless night-time wee breaks!) has been trying to decide on a baby name. The dilemmas are endless... My partner and I went for a private scan to find out the gender as early as we could - partly due to the fact we thought it would make baby naming so much easier because we'd only have to come up with a list of names for one gender rather than two. How wrong we were... I was absolutely thrilled to be told I was expecting the baby girl I'd already dreamed of, but being one of the last of my friends to fall pregnant, I've had countless conversations over the years with excited pals discussing their top baby names ...something which I wish I could go back in time and un-hear. With each friend mentioning at least 10 possible monikers, I can't help but feel like several are now a no-go even though I know it's something that none of them would mind in the slightest - it's a total me problem! The debate comes up time and time again on social media forums - can you choose the same name that was a "potential" for a friend's baby? It's a very divisive topic and opinions are always mixed...and I don't want to be THAT person. While some will argue there's thousands of other names out there to choose from, others will say you need to choose YOUR favourite...after all, there's no guarantee that person will even have another baby. Then there's also the issue of finding a name you adore...only to research it online and read one negative comment amongst hundreds of positives that you just can't shake off. I made that very mistake when I fell in love with a certain name (I won't reveal it because I don't want to ruin it for others!) ...only to see someone point out that it constantly gets autocorrected on a phone to something rather rude instead. So, back to the drawing board we went.. Just five weeks to go and it looks like our little one is going to be known as 'baby gal' for a little while longer! Another person added: “Parents need to remember they're naming a person. Not an object or a pet.” Blonde-haired Daenerys was introduced to the hit fantasy series as the submissive sister of Viserys, who sold her to the Dothraki and ruthlessly left her at the mercy of husband Khal Drogo. Defying all odds, Daenerys managed to find inner strength and power during her time with the Dothraki, growing to love her husband and becoming a respected Khaleesi among the army. The silver-haired leader firmly divided the Game of Thrones fanbase, with some seeing her as a progressive liberator, and others a ruthless warmonger. In any case, one of the most captivating aspects of the character was her affinity with dragons. Daenerys took command of three of the formidable beasts after successfully incubating a trio of eggs in a blaze.Aaron Rodgers, Jets Trolled by NFL Fans After Blown Lead in Loss to Tua, Dolphins