In the realm of cinema, there is a genre that never fails to send shivers down the spine and evoke a sense of fear and excitement - horror films. And now, the buzz is all about the much-anticipated theatrical horror production, "Curse of the Haunted Play," as it officially kicks off its production with a stellar cast that includes the talented duo Chen Yanxi and He Rundong.In recent news, Tencent Video, one of China's leading online streaming platforms, has announced a significant change to its membership subscription options. The popular service, which was previously known for its diverse membership tiers, has now streamlined its offerings, causing some controversy among users. With the transition from 5 to 3 membership levels, and from 2 to 1 premium plan, many are left wondering about the implications of this "shrinking" strategy.HOUSTON--(BUSINESS WIRE)--Dec 5, 2024-- Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the fourth quarter ended October 31, 2024. This press release features multimedia. View the full release here: “HPE delivered an exceptional fourth quarter with record quarterly revenue, capping off a strong FY 2024. We exceeded our full-year commitments for revenue, EPS, and free cash flow,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. “Our differentiated portfolio across hybrid cloud, AI, and networking, which will be further enhanced with the pending Juniper Networks acquisition, positions us well to capitalize on the market opportunity, accelerating value for our shareholders.” “Our exceptional revenue, profitability, and higher-than-expected free cash flow this fiscal year reflect disciplined execution and improving customer demand across our portfolio,” said Marie Myers, executive vice president and CFO of Hewlett Packard Enterprise. “We are pleased to have exceeded our commitments and look forward to the opportunities ahead in fiscal year 2025.” The HPE Board of Directors declared a regular cash dividend of $0.13 per share on the company’s common stock, payable on January 16, 2025, to stockholders of record as of the close of business on December 20, 2024. HPE estimates revenue to grow by mid-teens percent when compared to revenue for the prior-year period. HPE estimates GAAP diluted net EPS to be in the range of $0.31 to $0.36 and non-GAAP diluted net EPS (1) to be in the range of $0.47 to $0.52. Fiscal 2025 first quarter non-GAAP diluted net EPS excludes net after-tax adjustments of $0.16 per diluted share primarily related to stock-based compensation, acquisition, disposition and other related charges and amortization of intangible assets. HPE’s pending acquisition of Juniper Networks, Inc. has received approval from key jurisdictions including the European Union, United Kingdom, India, South Korea, and Australia, among others. HPE and Juniper Networks are cooperatively engaged with the U.S. Department of Justice as the agency continues to review the transaction into the new calendar year. HPE and Juniper expect that the transaction will close in the early part of 2025 — within the previously stated timeframe. 1 A description of HPE’s use of non-GAAP financial information is provided below under “Use of non-GAAP financial information and key performance metrics.” 2 Annualized Revenue Run-Rate (“ARR”) is a financial metric used to assess the growth of the Consumption Services offerings. ARR represents the annualized revenue of all net HPE GreenLake cloud services revenue, related financial services revenue (which includes rental income from operating leases and interest income from finance leases), and software-as-a-Service, software consumption revenue, and other as-a-Service offerings, recognized during a quarter and multiplied by four. We use ARR as a performance metric. ARR should be viewed independently of net revenue and is not intended to be combined with it. 3 Free cash flow represents cash flow from operations, less net capital expenditures (investments in property, plant & equipment (“PP&E”) and software assets less proceeds from the sale of PP&E), and adjusted for the effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash. Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, HPE delivers unique, open and intelligent technology solutions as a service. With offerings spanning Cloud Services, Server, Intelligent Edge, Software, and Hybrid Cloud, HPE provides a consistent experience across all clouds and edges, helping customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: . To supplement Hewlett Packard Enterprise’s condensed consolidated financial statement information presented on a generally accepted accounting principles (“GAAP”) basis, Hewlett Packard Enterprise provides financial measures, including revenue on a constant currency basis (including at the business segment level), non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating profit (non-GAAP earnings from operations), non-GAAP operating profit margin (non-GAAP earnings from operations as a percentage of net revenue), non-GAAP income tax rate, non-GAAP net earnings, non-GAAP diluted net earnings per share and free cash flow (“FCF”). Hewlett Packard Enterprise also provides forecasts of revenue growth on a constant currency basis, non-GAAP diluted net earnings per share, non-GAAP operating profit growth, and FCF. Reconciliations of each of these non-GAAP financial measures to their most directly comparable GAAP measures for this quarter and prior periods are included in the tables below or elsewhere in the materials accompanying this news release. In addition an explanation of the ways in which Hewlett Packard Enterprise’s management uses these non-GAAP measures to evaluate its business, the substance behind Hewlett Packard Enterprise’s decision to use these non-GAAP measures, the material limitations associated with the use of these non-GAAP measures, the manner in which Hewlett Packard Enterprise’s management compensates for those limitations, and the substantive reasons why Hewlett Packard Enterprise’s management believes that these non-GAAP measures provide supplemental useful information to investors is included further below. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for revenue, gross profit, gross profit margin, operating profit (earnings from operations), operating profit margin (earnings from operations as a percentage of net revenue), net earnings, diluted net earnings per share, and cash flow from operations prepared in accordance with GAAP. In addition to the supplemental non-GAAP financial information, Hewlett Packard Enterprise also presents annualized revenue run-rate (“ARR”) as performance metric. ARR is a financial metric used to assess the growth of the Consumption Services offerings. ARR represents the annualized revenue of all net HPE GreenLake cloud services revenue, related financial services revenue (which includes rental income for operating leases and interest income from finance leases), and software-as-a-service (“SaaS”), software consumption revenue, and other as-a-service offerings, recognized during a quarter and multiplied by four. ARR should be viewed independently of net revenue and deferred revenue and are not intended to be combined with any of these items. This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties, and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise and its consolidated subsidiaries (“Hewlett Packard Enterprise”) may differ materially from those expressed or implied by such forward-looking statements and assumptions. The words “believe”, “expect”, “anticipate”, "guide", “optimistic”, “intend”, “aim”, “will”, "estimates", “may”, “could”, “should” and similar expressions are intended to identify such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any projections, estimations, or expectations of addressable markets and their sizes, revenue (including annualized revenue run rate), margins, expenses (including stock-based compensation expenses), investments, effective tax rates, interest rates, the impact of tax law changes and related guidance and regulations, net earnings, net earnings per share, cash flows, liquidity and capital resources, inventory, order backlog, share repurchases, currency exchange rates, repayments of debts (including our asset-backed debt securities), or other financial items; recent amendments to accounting guidance and any related potential impacts on our financial reporting; any projections or estimations of future orders, including as-a-service orders; any statements of the plans, strategies, and objectives of management for future operations, as well as the execution and consummation of corporate transactions or contemplated acquisitions (including our proposed acquisition of Juniper Networks, Inc.) and dispositions (including disposition of our H3C shares and the receipt of proceeds therefrom), research and development expenditures, and any resulting benefit, cost savings, charges, or revenue or profitability improvements; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements concerning technological and market trends, the pace of technological innovation, and adoption of new technologies, including artificial intelligence-related and other products and services offered by Hewlett Packard Enterprise; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on Hewlett Packard Enterprise and our financial performance and our actions to mitigate such impacts to our business; any statements regarding future regulatory trends and the resulting legal and reputational exposure, including but not limited to those relating to environmental, social, and governance, cybersecurity, data privacy, and artificial intelligence issues, among others; any statements regarding pending investigations, claims, or disputes; any statements of expectation or belief, including those relating to future guidance and the financial performance of Hewlett Packard Enterprise; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties, and assumptions include the need to address the many challenges facing Hewlett Packard Enterprise’s businesses; the competitive pressures faced by Hewlett Packard Enterprise’s businesses; risks associated with executing Hewlett Packard Enterprise’s strategy; the impact of macroeconomic and geopolitical trends and events, including but not limited to heightened global trade restrictions, the use and development of artificial intelligence, the inflationary environment (though easing), the ongoing conflicts between Russia and Ukraine and in the Middle East, and the relationship between China and the U.S.; the need to effectively manage third-party suppliers and distribute Hewlett Packard Enterprise’s products and services; the protection of Hewlett Packard Enterprise’s intellectual property assets, including intellectual property licensed from third parties and intellectual property shared with its former parent; risks associated with Hewlett Packard Enterprise’s international operations (including from public health crises, such as pandemics or epidemics, and geopolitical events, such as those mentioned above); the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution of Hewlett Packard Enterprise's transformation and mix shift of its portfolio of offerings, the execution and performance of contracts by Hewlett Packard Enterprise and its suppliers, customers, clients, and partners, including any impact thereon resulting from macroeconomic or geopolitical events such as those mentioned above; the prospect of a shutdown of the U.S. federal government; the hiring and retention of key employees; the execution, consummation, integration, and other risks associated with business combination, disposition, and investment transactions, including but not limited to the risks associated with the disposition of H3C shares and the receipt of proceeds therefrom and completion of our proposed acquisition of Juniper Networks, Inc. and our ability to integrate and implement our plans, forecasts, and other expectations with respect to the consolidated business; the impact of changes to privacy, cybersecurity, environmental, global trade, and other governmental regulations; changes in our product, lease, intellectual property, or real estate portfolio; the payment or non-payment of a dividend for any period; the efficacy of using non-GAAP, rather than GAAP, financial measures in business projections and planning; the judgments required in connection with determining revenue recognition; impact of company policies and related compliance; utility of segment realignments; allowances for recovery of receivables and warranty obligations; provisions for, and resolution of pending investigations, claims, and disputes; the impacts of tax law changes and related guidance or regulations; and other risks that are described in Hewlett Packard Enterprise’s Annual Report on Form 10-K for the fiscal year ended October 31, 2023, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and in other filings made by Hewlett Packard Enterprise from time to time with the Securities and Exchange Commission. As in prior periods, the financial information set forth in this press release, including tax-related items, reflects estimates based on information available at this time. While Hewlett Packard Enterprise believes these estimates to be reasonable, these amounts could differ materially from reported amounts in the filings made by Hewlett Packard Enterprise from time to time with the Securities and Exchange Commission. Hewlett Packard Enterprise assumes no obligation and does not intend to update these forward-looking statements, except as required by applicable law. Net revenue $ 8,458 $ 7,710 $ 7,351 Costs and Expenses: Cost of sales (exclusive of amortization shown separately below) 5,852 5,271 4,792 Research and development 527 547 578 Selling, general and administrative 1,211 1,229 1,332 Amortization of intangible assets 69 60 72 Transformation costs 26 14 56 Disaster charges (recovery) 2 5 (4 ) Acquisition, disposition and other related charges 78 37 18 Total costs and expenses 7,765 7,163 6,844 Earnings from operations 693 547 507 Interest and other, net (1) 5 (12 ) (23 ) Gain on sale of equity interest 733 — — (Loss) earnings from equity interests (14 ) 73 65 Earnings before provision for taxes 1,417 608 549 (Provision) benefit for taxes (51 ) (96 ) 93 Net earnings attributable to HPE 1,366 512 642 Preferred stock dividends (25 ) — — Net earnings attributable to common stockholders $ 1,341 $ 512 $ 642 Net Earnings Per Share Attributable to Common Stockholders: Basic $ 1.02 $ 0.39 $ 0.50 Diluted 0.99 0.38 0.49 Cash dividends declared per share 0.13 0.13 0.12 Cash dividends accrued per preferred share $ 0.83 $ — $ — Weighted-average Shares Used to Compute Net Earnings Per Share: Basic 1,312 1,312 1,295 Diluted 1,375 1,332 1,315 Net revenue $ 30,127 $ 29,135 Costs and Expenses: Cost of sales (exclusive of amortization shown separately below) 20,249 18,896 Research and development 2,246 2,349 Selling, general and administrative 4,871 5,160 Amortization of intangible assets 267 288 Transformation costs 93 283 Disaster charges 7 1 Acquisition, disposition and other related charges 204 69 Total costs and expenses 27,937 27,046 Earnings from operations 2,190 2,089 Interest and other, net (1) (117 ) (104 ) Gain on sale of equity interest 733 — Earnings from equity interests 147 245 Earnings before provision for taxes 2,953 2,230 Provision for taxes (374 ) (205 ) Net earnings attributable to HPE 2,579 2,025 Preferred stock dividends (25 ) — Net earnings attributable to common stockholders $ 2,554 $ 2,025 Net Earnings Per Share Per Share Attributable to Common Stockholders: Basic $ 1.95 $ 1.56 Diluted 1.93 1.54 Cash dividends declared per share 0.52 0.48 Cash dividends accrued per preferred share $ 0.83 $ — Weighted-average Shares Used to Compute Net Earnings Per Share: Basic 1,309 1,299 Diluted 1,337 1,316 GAAP net revenue $ 8,458 $ 7,710 $ 7,351 GAAP cost of sales 5,852 5,271 4,792 2,606 2,439 2,559 Non-GAAP Adjustments Stock-based compensation expense 10 9 9 Disaster recovery (4 ) (7 ) (10 ) Divestiture related exit costs — 9 — $ 2,612 $ 2,450 $ 2,558 30.8 % 31.6 % 34.8 % Non-GAAP adjustments 0.1 % 0.2 % — % 30.9 % 31.8 % 34.8 % GAAP net revenue $ 30,127 $ 29,135 GAAP cost of sales 20,249 18,896 9,878 10,239 Non-GAAP Adjustments Stock-based compensation expense 49 47 Disaster recovery (43 ) (13 ) Divestiture related exit costs 9 — $ 9,893 $ 10,273 32.8 % 35.1 % Non-GAAP adjustments — % 0.2 % 32.8 % 35.3 % $ 693 $ 547 $ 507 Non-GAAP Adjustments Amortization of intangible assets 69 60 72 Transformation costs 26 14 56 Disaster recovery (17 ) (2 ) (14 ) Stock-based compensation expense 89 80 71 Divestiture related exit costs — 35 — Acquisition, disposition and other related charges 78 37 18 $ 938 $ 771 $ 710 8.2 % 7.1 % 6.9 % Non-GAAP adjustments 2.9 % 2.9 % 2.8 % 11.1 % 10.0 % 9.7 % $ 2,190 $ 2,089 Non-GAAP Adjustments Amortization of intangible assets 267 288 Transformation costs 93 283 Disaster recovery (51 ) (12 ) Stock-based compensation expense 430 428 Divestiture related exit costs 35 — Acquisition, disposition and other related charges 204 69 $ 3,168 $ 3,145 7.3 % 7.2 % Non-GAAP adjustments 3.2 % 3.6 % 10.5 % 10.8 % $ 1,366 $ 0.99 $ 512 $ 0.38 $ 642 $ 0.49 Non-GAAP Adjustments: Amortization of intangible assets 69 0.05 60 0.05 72 0.05 Transformation costs 26 0.02 14 0.01 56 0.05 Disaster recovery (17 ) (0.02 ) (2 ) — (14 ) (0.01 ) Stock-based compensation expense 89 0.06 80 0.06 71 0.05 Divestiture related exit costs — — 35 — — — Acquisition, disposition and other related charges 78 0.06 37 0.03 18 0.01 Gain on sale of equity interest (733 ) (0.53 ) — — — — Adjustments for equity interests 25 0.02 (44 ) (0.04 ) 2 — (Gain) loss on equity investments, net (34 ) (0.02 ) (14 ) (0.01 ) 40 0.03 Adjustments for taxes (89 ) (0.06 ) (21 ) (0.01 ) (203 ) (0.15 ) Other adjustments (2) 15 0.01 4 — (4 ) — 795 0.58 661 0.50 680 0.52 Preferred stock dividends (25 ) — — $ 770 $ 661 $ 680 $ 2,579 $ 1.93 $ 2,025 $ 1.54 Non-GAAP Adjustments: Amortization of intangible assets 267 0.20 288 0.22 Transformation costs 93 0.07 283 0.22 Disaster recovery (51 ) (0.04 ) (12 ) (0.01 ) Stock-based compensation expense 430 0.32 428 0.33 Divestiture related exit costs 35 0.03 — — Acquisition, disposition and other related charges 204 0.16 69 0.05 Gain on sale of equity interest (733 ) (0.55 ) — — Adjustments for equity interests (107 ) (0.08 ) 18 0.01 Loss on equity investments, net 13 0.01 40 0.03 Adjustments for taxes (95 ) (0.07 ) (255 ) (0.20 ) Other adjustments (2) 20 0.01 (52 ) (0.04 ) 2,655 1.99 2,832 2.15 Preferred stock dividends (25 ) — $ 2,630 $ 2,832 $ 2,030 $ 1,154 $ 2,843 Investment in property, plant and equipment and software assets (608 ) (543 ) (675 ) Proceeds from sale of property, plant and equipment 90 62 255 Effect of exchange rate changes on cash, cash equivalents, and restricted cash (12 ) (4 ) (102 ) $ 1,500 $ 669 $ 2,321 $ 4,341 $ 4,428 Investment in property, plant and equipment and software assets (2,367 ) (2,828 ) Proceeds from sale of property, plant and equipment 370 602 Effect of exchange rate changes on cash, cash equivalents, and restricted cash (47 ) 36 $ 2,297 $ 2,238 Current Assets: Cash and cash equivalents $ 14,846 $ 4,270 Accounts receivable, net of allowances 3,550 3,481 Financing receivables, net of allowances 3,870 3,543 Inventory 7,810 4,607 Assets held for sale 1 — Other current assets 3,380 3,047 Total current assets 33,457 18,948 Property, plant and equipment, net 5,664 5,989 Long-term financing receivables and other assets 12,616 11,377 Investments in equity interests 929 2,197 Goodwill and intangible assets 18,596 18,642 Total assets $ 71,262 $ 57,153 Current Liabilities: Notes payable and short-term borrowings $ 4,742 $ 4,868 Accounts payable 11,064 7,136 Employee compensation and benefits 1,356 1,724 Taxes on earnings 284 155 Deferred revenue 3,904 3,658 Accrued restructuring 61 180 Liabilities held for sale 32 — Other accrued liabilities 4,530 4,161 Total current liabilities 25,973 21,882 Long-term debt 13,504 7,487 Other non-current liabilities 6,905 6,546 Commitments and Contingencies Stockholders’ Equity HPE stockholders' Equity: 7.625% Series C mandatory convertible preferred stock, $0.01 par value (30 shares issued and outstanding as of October 31, 2024) — — Common stock, $0.01 par value (9,600 shares authorized; 1,297 and 1,283 shares issued and outstanding as of October 31, 2024 and October 31, 2023, respectively) 13 13 Additional paid-in capital 29,848 28,199 Accumulated deficit (2,068 ) (3,946 ) Accumulated other comprehensive loss (2,977 ) (3,084 ) Total HPE stockholders’ equity 24,816 21,182 Non-controlling interests 64 56 Total stockholders’ equity 24,880 21,238 Total liabilities and stockholders’ equity $ 71,262 $ 57,153 Cash Flows from Operating Activities: Net earnings attributable to HPE $ 2,579 $ 2,025 Adjustments to Reconcile Net Earnings Attributable to HPE to Net Cash Provided by Operating Activities: Depreciation and amortization 2,564 2,616 Stock-based compensation expense 430 428 Provision for inventory and credit losses 175 230 Restructuring charges 33 242 Deferred taxes on earnings (64 ) (67 ) Earnings from equity interests (147 ) (245 ) Gain on sale of equity interest (733 ) — Dividends received from equity investees 43 200 Other, net 149 31 Changes in Operating Assets and Liabilities, Net of Acquisitions: Accounts receivable (83 ) 577 Financing receivables (909 ) (607 ) Inventory (3,358 ) 400 Accounts payable 3,927 (1,655 ) Taxes on earnings 190 (34 ) Restructuring (164 ) (275 ) Other assets and liabilities (291 ) 562 Net cash provided by operating activities 4,341 4,428 Cash Flows from Investing Activities: Investment in property, plant and equipment and software assets (2,367 ) (2,828 ) Proceeds from sale of property, plant and equipment 370 602 Purchases of investments (16 ) (15 ) Proceeds from maturities and sales of investments 2,149 9 Financial collateral posted (1,020 ) (1,443 ) Financial collateral received 978 1,152 Payments made in connection with business acquisitions, net of cash acquired (147 ) (761 ) Net cash used in investing activities (53 ) (3,284 ) Cash Flows from Financing Activities: Short-term borrowings with original maturities less than 90 days, net (31 ) (47 ) Proceeds from debt, net of issuance costs 11,245 4,725 Payment of debt (5,475 ) (4,887 ) Cash settlement for derivative hedging debt — (7 ) Net payments related to stock-based award activities (84 ) (106 ) Proceeds from issuance of 7.625% Series C mandatory convertible preferred stock, net of issuance costs 1,462 — Repurchase of common stock (150 ) (421 ) Cash dividends paid to non-controlling interests, net of contributions (8 ) — Cash dividends paid to shareholders (676 ) (619 ) Net cash provided by (used in) financing activities 6,283 (1,362 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash (47 ) 36 Change in cash, cash equivalents and restricted cash 10,524 (182 ) Cash, cash equivalents and restricted cash at beginning of period 4,581 4,763 Cash, cash equivalents and restricted cash at end of period $ 15,105 $ 4,581 Net Revenue: Server (4) $ 4,706 $ 4,280 $ 3,574 Hybrid Cloud (4) 1,582 1,300 1,341 Intelligent Edge (4) 1,124 1,121 1,410 Financial Services 893 879 876 Corporate Investments and other (4) 262 262 263 Total segment net revenue 8,567 7,842 7,464 Elimination of intersegment net revenue (109 ) (132 ) (113 ) Total consolidated net revenue $ 8,458 $ 7,710 $ 7,351 Earnings Before Taxes (4): Server $ 545 $ 464 $ 360 Hybrid Cloud 122 66 51 Intelligent Edge 274 251 382 Financial Services 82 79 70 Corporate Investments and other (2 ) (4 ) (16 ) Total segment earnings from operations 1,021 856 847 Unallocated corporate costs and eliminations (83 ) (85 ) (137 ) Stock-based compensation expense (89 ) (80 ) (71 ) Amortization of intangible assets (69 ) (60 ) (72 ) Transformation costs (26 ) (14 ) (56 ) Disaster recovery 17 2 14 Divestiture related exit costs — (35 ) — Acquisition, disposition and other related charges (78 ) (37 ) (18 ) Interest and other, net (1) 5 (12 ) (23 ) Gain on sale of equity interest 733 — — (Loss) earnings from equity interests (14 ) 73 65 Total pretax earnings $ 1,417 $ 608 $ 549 Net Revenue: Server (4) $ 16,205 $ 14,361 Hybrid Cloud (4) 5,386 5,493 Intelligent Edge (4) 4,532 5,379 Financial Services 3,512 3,480 Corporate Investments and other (4) 1,014 985 Total segment net revenue 30,649 29,698 Elimination of intersegment net revenue (522 ) (563 ) Total consolidated net revenue $ 30,127 $ 29,135 Earnings Before Taxes (4): Server $ 1,818 $ 1,830 Hybrid Cloud 245 232 Intelligent Edge 1,115 1,343 Financial Services 316 281 Corporate Investments and other (25 ) (77 ) Total segment earnings from operations 3,469 3,609 Unallocated corporate costs and eliminations (301 ) (464 ) Stock-based compensation expense (430 ) (428 ) Amortization of intangible assets (267 ) (288 ) Transformation costs (93 ) (283 ) Disaster recovery 51 12 Divestiture related exit costs (35 ) — Acquisition, disposition and other related charges (204 ) (69 ) Interest and other, net (1) (117 ) (104 ) Gain on sale of equity interest 733 — Earnings from equity interests 147 245 Total consolidated earnings before taxes $ 2,953 $ 2,230 Net Revenue: Server (4) $ 4,706 $ 4,280 $ 3,574 10% 32% Hybrid Cloud (4) 1,582 1,300 1,341 22 18 Intelligent Edge (4) 1,124 1,121 1,410 — (20) Financial Services 893 879 876 2 2 Corporate Investments and other (4) 262 262 263 — — Total segment net revenue 8,567 7,842 7,464 9 15 Elimination of intersegment net revenue (109 ) (132 ) (113 ) (17) (4) Total consolidated net revenue $ 8,458 $ 7,710 $ 7,351 10% 15% Net Revenue: Server (4) $ 16,205 $ 14,361 13% Hybrid Cloud (4) 5,386 5,493 (2) Intelligent Edge (4) 4,532 5,379 (16) Financial Services 3,512 3,480 1 Corporate Investments and other (4) 1,014 985 3 Total segment net revenue 30,649 29,698 3 Elimination of intersegment net revenue (522 ) (563 ) (7) Total consolidated net revenue $ 30,127 $ 29,135 3% Segment Operating Profit Margin (4): Server 11.6 % 10.8 % 10.1 % 0.8 1.5 Hybrid Cloud 7.7 % 5.1 % 3.8 % 2.6 3.9 Intelligent Edge 24.4 % 22.4 % 27.1 % 2.0 (2.7) Financial Services 9.2 % 9.0 % 8.0 % 0.2 1.2 Corporate Investments and other (0.8 %) (1.5 %) (6.1 %) 0.7 5.3 Total segment operating profit margin 11.9 % 10.9 % 11.3 % 1.0 0.6 Segment Operating Profit Margin (4): Server 11.2 % 12.7 % (1.5) Hybrid Cloud 4.5 % 4.2 % 0.3 Intelligent Edge 24.6 % 25.0 % (0.4) Financial Services 9.0 % 8.1 % 0.9 Corporate Investments and other (2.5 %) (7.8 %) 5.3 Total segment operating profit margin 11.3 % 12.2 % (0.9) Numerator: GAAP net earnings attributable to common stockholders - Basic $ 1,341 $ 512 $ 642 Plus: 7.625% Series C mandatory convertible preferred stock dividends 25 — — GAAP net earnings attributable to HPE - Diluted $ 1,366 $ 512 $ 642 Non-GAAP net earnings attributable to common stockholders - Basic $ 770 $ 661 $ 680 Plus: 7.625% Series C mandatory convertible preferred stock dividends 25 — — Non-GAAP net earnings attributable to HPE - Diluted $ 795 $ 661 $ 680 Denominator: Weighted-average shares used to compute basic net earnings per share 1,312 1,312 1,295 Dilutive effect of employee stock plans 22 20 20 Dilutive effect of 7.625% Series C mandatory convertible preferred stock 41 — — Weighted-average shares used to compute diluted net earnings per share 1,375 1,332 1,315 GAAP Net Earnings Per Share Basic $ 1.02 $ 0.39 $ 0.50 Diluted (3) $ 0.99 $ 0.38 $ 0.49 Non-GAAP Net Earnings Per Share Basic $ 0.59 $ 0.50 $ 0.53 Diluted (3) $ 0.58 $ 0.50 $ 0.52 Numerator: GAAP net earnings attributable to common stockholders - Basic $ 2,554 $ 2,025 Plus: 7.625% Series C mandatory convertible preferred stock dividends 25 — GAAP net earnings attributable to HPE - Diluted $ 2,579 $ 2,025 Non-GAAP net earnings attributable to common stockholders - Basic $ 2,630 $ 2,832 Plus: 7.625% Series C mandatory convertible preferred stock dividends 25 — Non-GAAP net earnings attributable to HPE - Diluted $ 2,655 $ 2,832 Denominator: Weighted-average shares used to compute basic net earnings per share 1,309 1,299 Dilutive effect of employee stock plans 18 17 Dilutive effect of 7.625% Series C mandatory convertible preferred stock 10 — Weighted-average shares used to compute diluted net earnings per share 1,337 1,316 GAAP Net Earnings Per Share Basic $ 1.95 $ 1.56 Diluted (3) $ 1.93 $ 1.54 Non-GAAP Net Earnings Per Share Basic $ 2.01 $ 2.18 Diluted (3) $ 1.99 $ 2.15 (1) Interest and other, net includes tax indemnification and other adjustments, cost, and interest and other, net. (2) Other adjustments includes non-service net periodic benefit cost and tax indemnification and other adjustments. (3) For purposes of calculating diluted net EPS, the preferred stock dividends are added back to the net earnings attributable to common stockholders and the diluted weighted average share calculation assumes the preferred stock was converted at issuance or as of the beginning of the reporting period. (4) As previously disclosed, effective as of the beginning of fiscal 2024, in order to align the segment financial reporting more closely with its business structure, the Company established two new reportable segments, Hybrid Cloud and Server. Hybrid Cloud includes the historical Storage segment, HPE GreenLake Flex Solutions (which provides flexible as-a-service IT infrastructure through the HPE GreenLake cloud and was previously reported under the Compute and the High Performance Computing & Artificial Intelligence ("HPC & AI") segments), Private Cloud, and Software (previously reported under the Corporate Investments and Other segment). The Server segment combines the previously separately reported Compute and HPC & AI segments, with adjustments for certain product lines that are now reported in Hybrid Cloud. Additionally, certain products and services previously reported in the financial results for the HPC & AI segment were moved to be reported in the Hybrid Cloud segment, and the Athonet business and certain components of the Communications and Media Solutions business, both previously reported in the financial results for Corporate Investments and Other, moved to be reported in the Intelligent Edge segment. As a result, the Company’s organizational structure for fiscal 2024 consisted of the following segments: (i) Server; (ii) Hybrid Cloud; (iii) Intelligent Edge; (iv) Financial Services; and (v) Corporate Investments and Other. The Company began reporting under this re-aligned segment structure beginning with the results of the first quarter of fiscal 2024. The Company has reflected these changes to its segment information retrospectively to the earliest period presented, which primarily resulted in the realignment of net revenue and operating profit for each of the segments as described above. These changes had no impact on Hewlett Packard Enterprise’s previously reported consolidated net revenue, net earnings, net earnings per share or total assets. To supplement Hewlett Packard Enterprise’s condensed consolidated financial statement information presented on a GAAP basis, Hewlett Packard Enterprise provides non-GAAP financial measures including revenue on a constant currency basis (including at the business segment level), non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating profit (non-GAAP earnings from operations), non-GAAP operating profit margin (non-GAAP earnings from operations as a percentage of net revenue), non-GAAP income tax rate, non-GAAP net earnings, non-GAAP diluted net earnings per share, and FCF. Hewlett Packard Enterprise also provides forecasts of revenue growth on a constant currency basis, non-GAAP diluted net earnings per share, non-GAAP operating profit growth, and FCF. These non-GAAP financial measures are not computed in accordance with, or as an alternative to, GAAP in the United States. The GAAP measure most directly comparable to net revenue on a constant currency basis is net revenue. The GAAP measure most directly comparable to non-GAAP gross profit is gross profit. The GAAP measure most directly comparable to non-GAAP gross profit margin is gross profit margin. The GAAP measure most directly comparable to non-GAAP operating profit (non-GAAP earnings from operations) is earnings from operations. The GAAP measure most directly comparable to non-GAAP operating profit margin (non-GAAP earnings from operations as a percentage of net revenue) is operating profit margin (earnings from operations as a percentage of net revenue). The GAAP measure most directly comparable to non-GAAP income tax rate is income tax rate. The GAAP measure most directly comparable to non-GAAP net earnings is net earnings. The GAAP measure most directly comparable to non-GAAP diluted net earnings per share is diluted net earnings per share. The GAAP measure most directly comparable to FCF is cash flow from operations. Reconciliations of each of these non-GAAP financial measures to their most directly comparable GAAP measures for this quarter and prior periods are included in the tables above or elsewhere in the materials accompanying this news release. Hewlett Packard Enterprise believes that providing the non-GAAP financial measures stated above, in addition to the related GAAP measures provides investors with greater transparency to the information used by Hewlett Packard Enterprise’s management in its financial and operational decision making and allows investors to see Hewlett Packard Enterprise’s results “through the eyes” of management. Hewlett Packard Enterprise further believes that providing this information provides Hewlett Packard Enterprise’s investors with a supplemental view to understand the Company’s historical and prospective operating performance and to evaluate the efficacy of the methodology and information used by Hewlett Packard Enterprise’s management to evaluate and measure such performance. Disclosure of these non-GAAP financial measures also facilitates the comparisons of Hewlett Packard Enterprise’s operating performance with the performance of other companies in the same industry that supplement their GAAP results with non-GAAP financial measures that may be calculated in a similar manner. Net revenue on a constant currency basis assumes no change to the foreign exchange rate utilized in the comparable prior-year period. This measure assists investors with evaluating the Company’s past and future performance, without the impact of foreign exchange rates, as more than half of our revenue is generated outside of the U.S. Non-GAAP gross profit and non-GAAP gross profit margin are defined to exclude charges related to the stock-based compensation expense, disaster recovery, and divestiture related exit costs. Non-GAAP operating profit (non-GAAP earnings from operations) and non-GAAP operating profit margin (non-GAAP earnings from operations as a percentage of net revenue) consist of earnings from operations or earnings from operations as a percentage of net revenue excluding the items mentioned above and charges relating to the amortization of intangible assets, transformation costs, and acquisition, disposition and other related charges. Non-GAAP net earnings and non-GAAP diluted net earnings per share consist of net earnings or diluted net earnings per share excluding the charges previously stated, as well as adjustments for equity interests, gain or loss on equity investments, other adjustments, and adjustments for taxes. The Adjustments for taxes line item includes certain income tax valuation allowances and separation taxes, the impact of tax reform, structural rate adjustment, excess tax benefit from stock-based compensation, and adjustments for additional taxes or tax benefits associated with each non-GAAP item. Hewlett Packard Enterprise believes that excluding the items mentioned above from the non-GAAP financial measures provides a supplemental view to management and investors of its consolidated financial performance and presents the financial results of the business without costs that Hewlett Packard Enterprise’s management does not believe to be reflective of ongoing operating results. Exclusion of these items can have a material impact on the equivalent GAAP measure and cash flows thus limiting their use as analytical tools. These limitations are discussed below or elsewhere in the materials accompanying this news release. More specifically, Hewlett Packard Enterprise’s management excludes each of those items mentioned above for the following reasons: These non-GAAP financial measures have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of Hewlett Packard Enterprise’s results as reported under GAAP. Some of the limitations in relying on these non-GAAP financial measures are that they can have a material impact on the equivalent GAAP earnings measures and cash flows, they may be calculated differently by other companies (limiting the usefulness of those measures for comparative purposes) and may not reflect the full economic effect of the loss in value of certain assets. Hewlett Packard Enterprise compensates for these limitations on the use of non-GAAP financial measures by relying primarily on its GAAP results and using non-GAAP financial measures only as a supplement. Hewlett Packard Enterprise also provides a reconciliation of each non-GAAP financial measure to its most directly comparable GAAP financial measure for this quarter and prior periods within this news release and in other written materials that include these non-GAAP financial measures, and Hewlett Packard Enterprise encourages investors to review those reconciliations carefully. View source version on : CONTACT: Media Contact: Laura Keller Contact: Paul Glaser KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: DATA MANAGEMENT TECHNOLOGY SOFTWARE ARTIFICIAL INTELLIGENCE INTERNET HARDWARE SOURCE: Hewlett Packard Enterprise Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:05 PM
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Adobe weaker revenue guidance for current quarter offsets Q4 results beatAnthony Taylor, a veteran referee with years of Premier League experience under his belt, is no stranger to high-profile matches and has a reputation for maintaining control and fairness on the pitch. His selection for the Manchester Derby reflects the Premier League's trust in his ability to handle the pressure and intensity of such a crucial fixture.Michael Clarke idea rejected as Aussie batters blocked from playing ahead of second Test
NEW YORK (AP) — After acquiring Juan Soto for a one-year rental and failing to keep him as a free agent, the New York Yankees are taking the same chance with Devin Williams. New York acquired the All-Star closer from the Milwaukee Brewers for left-hander Nestor Cortes and infield prospect Caleb Durbin on Friday. The Yankees will send $2 million to the Brewers as part of the trade. “He's a year away from free agency but someone that we’ve tried to acquire for a number of years,” Yankees general manager Brian Cashman said. “I’m sure we weren’t the only bidders here in the end.” A 30-year-old right-hander, Williams is eligible for free agency after the 2025 season. He was diagnosed during spring training with two stress fractures in his back and didn’t make his season debut until July 28 . “Certainly not trying to downplay the impact the Devin had, but we feel like we still have a good amount of strength there with our bullpen,” Brewers general manager Matt Arnold said. Williams was 14 for 15 in save chances with a 1.25 ERA, striking out 38 and walking 11 among 88 batters over 21 2/3 innings. His fastball averaged 94.7 mph and he threw it on 53.5% of his pitches, mixing in 45% changeups — known as the “Airbender” — and around 1.5% cutters. William's 43.2% strikeout percentage was the highest in the major leagues among pitchers with at least 20 innings. “Certainly doesn’t seem to be afraid,” Cashman said. “You can’t do that job if you’re afraid of the big stage.” An All-Star in 2022 and 2023, Williams was a second-round pick in the 2013 amateur draft. He is 27-10 with a 1.83 ERA and 68 saves in 78 chances over six seasons, striking out 375 and walking 112 in 235 2/3 innings over 241 games. Milwaukee declined a $10.5 million club option in favor of a $250,000 buyout last month, making Williams eligible for arbitration. Williams joins a bullpen that includes Luke Weaver, who took over as closer from Clay Holmes in September, Jake Cousins and Ian Hamilton. The Yankees don’t have a left-handed reliever on their 40-man roster. “If you have right handers that can neutralize lefties, that’s a benefit. It limits your desperation for immediately a left on left,” Cashman said. Cortes, who turned 30 on Tuesday, was an All-Star in 2022 when he went 12-4 with a career-best 2.44 ERA in 28 starts. He made just one start after May 30 in 2023 because of a strained left rotator cuff and was sidelined late in the 2024 season by a flexor strain in his left elbow. He returned for the World Series against the Los Angeles Dodgers and entered in the 10th inning of the opener, retiring Shohei Ohtani on a foulout with his first pitch and giving up a game-ending grand slam to Freddie Freeman on his second. "He’s had a fully healthy offseason," Arnold said. “We expect him to come into camp ready to go as normal.” Known for his many deliveries, Cortes is 33-21 with a 3.80 ERA in 86 starts and 49 relief appearances over seven seasons. He is eligible for arbitration and also can become a free agent after next season. “He brings a real stability, I think, to our rotation,” Arnold said. “Somebody that's been a major piece of a really good championship-caliber team in the New York Yankees, I think will fit us very well, especially after the loss of Willy Adames .” New York had an excess of starters after reaching a $218 million, eight-year agreement with left-hander Max Fried that is pending. The rotation also is projected to include ace Gerrit Cole, Carlos Rodón, Luis Gil and Clarke Schmidt, with Marcus Stroman also available. Durbin, who turns 25 in February, hit .287 with 10 homers, 60 RBIs and 29 stolen bases this year at Triple-A Scranton/Wilkes-Barre. “We just felt it was harder to acquire someone at the level of Devin Williams than it would be to try to figure out the infield circumstances,” Cashman said. Durbin was with the big league team last spring training “I think he’s a stud,” Yankees manager Aaron Boone said last month. “Great bat-to-ball, elite ability on the bases as a base stealer, good defender in the middle of the diamond, second base. He’s really started over the last year-plus to create some position flexibility, too. He’s played some short, he’s played some third. We introduced him to some outfield this year.” Durbin hit .312 with five homers, 21 RBIs and 29 steals in 24 games at the Arizona Fall League. “We love the style of game that he brings to our team,” Arnold said. “I think that’s going to be a really nice fit with Pat Murphy's style of baseball.” Cashman said he's spoken with Scott Boras about the agent's remaining free agent clients, who include third baseman Alex Bregman and first baseman Pete Alonso. “Certainly respect the player and his ability and how much winning he’s been a part of,” Cashman said of Bregman, “but that’s about as far as I will say at this point.” This story has been corrected to note New York is sending cash to Milwaukee, not the other way around. AP MLB: https://apnews.com/hub/mlb
DHAKA, Bangladesh (AP) — A special tribunal in Bangladesh on Thursday banned the publication of any speeches by former Prime Minister Sheikh Hasina , who is in exile in India after being ousted in August following mass protests. The decision came a day after Hasina made her first public speech in a virtual address to supporters of her Awami League party in New York. In the speech, she accused Bangladesh’s interim leader, Nobel peace laureate Muhammad Yunus , of perpetrating genocide and failing to protect minorities , especially Hindus, since her ouster. The Dhaka-based International Crimes Tribunal made the decision in response to a request by government prosecutors for a ban on any speeches by Hasina on mainstream or social media, prosecutor Golam Monawar Hossain Tamim said. Hasina fled to India after being ousted in a mass uprising in July and August in which hundreds of protesters were killed and thousands were injured. She faces many court cases over the deaths, including some on charges of crimes against humanity. The tribunal has already issued arrest warrants for Hasina and her close aides, and the government has sought help from the international police organization Interpol for her arrest . Prosecutors said in their request to the tribunal that some speeches and phone calls by Hasina had been disseminated on electronic media and could interfere in the investigation of the charges against her by influencing or frightening witnesses. “If speeches like these are published and broadcast, we won’t be able to bring witnesses to the tribunal during trials,” Tamim said. He said the tribunal also ordered authorities to remove leaked speeches and phone conversations from media platforms. Hasina established the tribunal during her 15-year rule. It was used to try people accused of war crimes during Bangladesh’s war of independence with Pakistan in 1971. Politicians belonging mainly to the Jamaat-e-Islami party were executed after being found guilty by the tribunal. On Wednesday, Hasina told her supporters in New York that there had been plans to assassinate her and her sister Sheikh Rehana just like their father, Sheikh Mujibur Rahman, an independence leader who was assassinated in 1975 along with most of his family. Only Hasina and her younger sister survived because they were visiting Germany at that time. She said armed protesters had been instructed to head to her residence in Dhaka and she was forced to flee to India so that security guards would not have to fire at the approaching crowd. “If the security guards opened fire, many lives would have been lost,” she said. “I was forced to leave. I told them not to open fire, no matter what happened.” Media reports said more such public speeches are planned by Hasina to address her supporters in the coming weeks. Hasina has good relations with Indian Prime Minister Narendra Modi. Tensions between India and Muslim-majority Bangladesh have grown since her departure over incidents such as the jailing of a prominent Hindu leader in Bangladesh and attacks on a diplomatic office in India by Hindus. Yunus has been meeting with political and religious leaders urging them to stay united. On Wednesday, he held a dialogue with most political parties except Hasina’s Awami League party and the Jatiya Party which are facing severe challenges under the Yunus-led administration. On Thursday, Yunus met with religious leaders and said there was no division among Bangladeshis when it comes to national issues. Bangladesh has been facing crucial challenges since Hasina’s ouster in August amid mob justice, rising commodity prices, errant street protests and an unstable economy. The security situation remains a major concern. About 700 inmates including many criminals and radical Islamists still remain at large after jailbreaks during the political chaos in August.The repeated offside calls against Mbappé raised questions about whether the training methods employed by Real Madrid were effective in preparing the team for the specific challenges posed by Barcelona's defensive tactics. While it is important for teams to adapt their strategies and tactics to exploit their opponent's weaknesses, it is equally crucial for players to execute these plans effectively on the pitch.
Experience the Excitement of the Champions League: Liverpool, Real Madrid, Inter Milan Ready for 9 Epic Showdowns Tomorrow MorningNEW YORK (AP) — After acquiring Juan Soto for a one-year rental and failing to keep him as a free agent, the New York Yankees are taking the same chance with Devin Williams. New York acquired the All-Star closer from the Milwaukee Brewers for left-hander Nestor Cortes and infield prospect Caleb Durbin on Friday. The Yankees will send $2 million to the Brewers as part of the trade. “He's a year away from free agency but someone that we’ve tried to acquire for a number of years,” Yankees general manager Brian Cashman said. “I’m sure we weren’t the only bidders here in the end.” A 30-year-old right-hander, Williams is eligible for free agency after the 2025 season. He was diagnosed during spring training with two stress fractures in his back and didn’t make his season debut until July 28 . “Certainly not trying to downplay the impact the Devin had, but we feel like we still have a good amount of strength there with our bullpen,” Brewers general manager Matt Arnold said. Williams was 14 for 15 in save chances with a 1.25 ERA, striking out 38 and walking 11 among 88 batters over 21 2/3 innings. His fastball averaged 94.7 mph and he threw it on 53.5% of his pitches, mixing in 45% changeups — known as the “Airbender” — and around 1.5% cutters. William's 43.2% strikeout percentage was the highest in the major leagues among pitchers with at least 20 innings. “Certainly doesn’t seem to be afraid,” Cashman said. “You can’t do that job if you’re afraid of the big stage.” An All-Star in 2022 and 2023, Williams was a second-round pick in the 2013 amateur draft. He is 27-10 with a 1.83 ERA and 68 saves in 78 chances over six seasons, striking out 375 and walking 112 in 235 2/3 innings over 241 games. Milwaukee declined a $10.5 million club option in favor of a $250,000 buyout last month, making Williams eligible for arbitration. Williams joins a bullpen that includes Luke Weaver, who took over as closer from Clay Holmes in September, Jake Cousins and Ian Hamilton. The Yankees don’t have a left-handed reliever on their 40-man roster. “If you have right handers that can neutralize lefties, that’s a benefit. It limits your desperation for immediately a left on left,” Cashman said. Cortes, who turned 30 on Tuesday, was an All-Star in 2022 when he went 12-4 with a career-best 2.44 ERA in 28 starts. He made just one start after May 30 in 2023 because of a strained left rotator cuff and was sidelined late in the 2024 season by a flexor strain in his left elbow. He returned for the World Series against the Los Angeles Dodgers and entered in the 10th inning of the opener, retiring Shohei Ohtani on a foulout with his first pitch and giving up a game-ending grand slam to Freddie Freeman on his second. "He’s had a fully healthy offseason," Arnold said. “We expect him to come into camp ready to go as normal.” Known for his many deliveries, Cortes is 33-21 with a 3.80 ERA in 86 starts and 49 relief appearances over seven seasons. He is eligible for arbitration and also can become a free agent after next season. “He brings a real stability, I think, to our rotation,” Arnold said. “Somebody that's been a major piece of a really good championship-caliber team in the New York Yankees, I think will fit us very well, especially after the loss of Willy Adames .” New York had an excess of starters after reaching a $218 million, eight-year agreement with left-hander Max Fried that is pending. The rotation also is projected to include ace Gerrit Cole, Carlos Rodón, Luis Gil and Clarke Schmidt, with Marcus Stroman also available. Durbin, who turns 25 in February, hit .287 with 10 homers, 60 RBIs and 29 stolen bases this year at Triple-A Scranton/Wilkes-Barre. “We just felt it was harder to acquire someone at the level of Devin Williams than it would be to try to figure out the infield circumstances,” Cashman said. Durbin was with the big league team last spring training “I think he’s a stud,” Yankees manager Aaron Boone said last month. “Great bat-to-ball, elite ability on the bases as a base stealer, good defender in the middle of the diamond, second base. He’s really started over the last year-plus to create some position flexibility, too. He’s played some short, he’s played some third. We introduced him to some outfield this year.” Durbin hit .312 with five homers, 21 RBIs and 29 steals in 24 games at the Arizona Fall League. “We love the style of game that he brings to our team,” Arnold said. “I think that’s going to be a really nice fit with Pat Murphy's style of baseball.” Cashman said he's spoken with Scott Boras about the agent's remaining free agent clients, who include third baseman Alex Bregman and first baseman Pete Alonso. “Certainly respect the player and his ability and how much winning he’s been a part of,” Cashman said of Bregman, “but that’s about as far as I will say at this point.” This story has been corrected to note New York is sending cash to Milwaukee, not the other way around. AP MLB: https://apnews.com/hub/mlb
ALBUQUERQUE, N.M. (AP) — Jurors in New Mexico have awarded a man more than $412 million in a medical malpractice case that involved a men’s health clinic that operates in several states. The man’s attorneys celebrated Monday’s verdict, saying they are hopeful it will prevent other men from falling victim to a scheme that involved fraud and what they described as dangerous penile injections. They said the jury award for punitive and compensatory damages is likely the largest in history for a medical malpractice case. The award follows a trial held in Albuquerque earlier this month that centered on allegations outlined in a lawsuit filed by the man's attorneys in 2020. NuMale Medical Center and company officials were named as defendants. According to the complaint, the man was 66 when he visited the clinic in 2017 in search of treatment for fatigue and weight loss. The clinic is accused of misdiagnosing him and unnecessarily treating him with “invasive erectile dysfunction shots” that caused irreversible damage. “This out of state medical corporation set up a fraudulent scheme to make millions off of conning old men by scaring them with a fake test,” Nick Rowley, the man's attorney, wrote in a social media post that detailed the verdict. Rowley went on to say that the scheme involved clinic workers telling patients they would have irreversible damage if they didn't agree to injections three times a week. NuMale Medical Center President Brad Palubicki said in a statement issued Tuesday that the company is committed to high-quality and safe patient care. He said NuMale disagrees with the verdict and intend to pursue all available legal remedies, including an appeal. A message seeking additional comment was left Wednesday with the company and its attorney. NuMale also has clinics in Colorado, Florida, Illinois, Nevada, Nebraska, North Carolina and Wisconsin. According to court records, jurors found that fraudulent and negligent conduct by the defendants resulted in damages to the plaintiff. They also found that unconscionable conduct by the defendants violated the Unfair Practices Act. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get local news delivered to your inbox!
The "Marvel Showdown" event has been met with a positive response from the community, with many players praising the creative concept and competitive gameplay. Teams have been strategizing and coordinating their efforts to maximize their performance and achieve victory in the challenges. The event has also sparked discussions about the potential for similar team-building modes in future Overwatch events, as players have enjoyed the camaraderie and teamwork that the mode promotes.
In their rush to break stories, The Mail has been guilty of publishing inaccurate information without proper fact-checking. This has not only compromised the publication's integrity but also exposed them to legal liabilities.The controversy began when reports surfaced of a clandestine agreement between Google and Meta that allowed the two companies to exchange valuable advertising data in a manner that bypassed traditional market regulations. This raised red flags among EU regulators, who have long been vigilant in monitoring the behavior of tech companies to prevent monopolistic practices and ensure fair competition in the digital marketplace.
Sure, there are still a few weeks remaining in the 2024 regular season, but the head coach hiring cycle is already starting to spin. The most notable name on the market, Bill Belichick, is no longer in play for an NFL job, as he has been hired as the next head coach at the University of North Carolina, per CBS Sports senior NFL insider Jonathan Jones . With Belichick's name off the board, now is as good of a time as ever to take an initial look at the prospective head coaching candidates this cycle and identify which coaches could be targeted the most. At the moment, there are only three head coaching jobs available: the New York Jets , New Orleans Saints , and Chicago Bears . Of course, more are expected to open up in the aftermath of the regular season, so these candidates should be flush with interviews sooner rather than later. 15. Wes Phillips Current position : Quarterbacks coach, Minnesota Vikings Sam Darnold is playing so well that it might get Wes Phillips hired as a head coach in the NFL. While Vikings head coach Kevin O'Connell does have a heavy hand in the Minnesota offense, Phillips should get some of the credit for the Vikings making Darnold a high-level starter in the NFL who has them in playoff position. Phillips, the son of former NFL head coach Wade Phillips, also worked under Sean McVay as a tight ends coach from 2019-2020, so he is a true blue blood when it comes to coaching pedigree. This season, Minnesota's offense ranks ninth in total points and eighth in passing yards. 14. Drew Petzing Current position : Offensive coordinator, Arizona Cardinals Petzing is in his second season as the Cardinals offensive coordinator and is an underrated candidate who shouldn't be overlooked this cycle. The 37-year-old comes from the Mike Zimmer coaching tree that has also produced two-time NFL Coach of the Year Kevin Stefanski, whom he also coached under before heading to Arizona. The Cardinals offense has been efficient under Petzing, ranking 12th in the league in total yards. It has found particular success on the ground, finishing second in the league in yards per attempt in 2023 and currently ranking third in that category in 2024 entering Week 15. 13. Ejiro Evero Current position : Defensive coordinator, Carolina Panthers Evero is an up-and-coming head coach who has already received interviews over the past few cycles. That's impressive in itself, given that he's not on a high-powered playoff team that can truly flash his talents like some of the others on this list. His stock may have cooled a touch with the performance of the Carolina defense this season, however, as it is 32nd in points allowed and against the run. Before that, Evero's defense was surprisingly a top-10 unit in total yards allowed in 2022 and 2023, so he has produced at a high level. While he may not be the hottest name this cycle, I would expect him to be involved in the interview process. 12. Todd Monken Current position : Offensive coordinator: Baltimore Ravens Monken interviewed for a number of head coaching positions last year, including the Chargers, Panthers and Falcons . Given that he has continued to lead the Ravens offense as one of the top units in the NFL, he should again garner interest across the league. In both seasons as Baltimore's offensive coordinator, Monken has led them to be a top-10 group in both points scored and total yards. This season, the Ravens are No. 1 in the league in total yards and third in points scored. 11. Kellen Moore Current position : Offensive coordinator, Philadelphia Eagles Kellen Moore was a very popular name for a while, serving as the offensive coordinator of the Dallas Cowboys , but the hype has died down in recent seasons. After a one-year stint with the Los Angeles Chargers in 2023, Moore has been working as the offensive coordinator with the Philadelphia Eagles this season. The former NFL quarterback has the unit firing on all cylinders. With Saquon Barkley leading the backfield, Moore's rushing attack is No. 1 in both yards and touchdowns. Overall, the offense ranks seventh in total yards and eighth in points scored. If the Cowboys let go of Mike McCarthy after this season, Moore's name will be fascinating to follow with that specific opening in Dallas. 10. Jesse Minter Current position : Defensive coordinator, Los Angeles Chargers Minter followed Jim Harbaugh from Michigan to the NFL to serve as his defensive coordinator with the Los Angeles Chargers. So far, the 41-year-old has orchestrated a top-notch defense that has helped place L.A. in playoff position. Entering Week 15, the Chargers defense is giving up the fewest points in the league and ranks as a top-10 club in both takeaways and on third down. It may be quick for him to jump from Michigan DC to Chargers DC to an NFL head coach, but he's passed those prior tests with flying colors, making it a possibility this year. 9. Liam Coen Current position : Offensive coordinator, Tampa Bay Buccaneers Coen checks off the boxes that have oftentimes resulted in being hired as a head coach in the NFL. The 39-year-old comes from the offensive side of the ball and from the Sean McVay coaching tree, which ownership groups are desperate to tap into. Coen is in his first season as the OC for the Buccaneers and has run the unit wonderfully. Tampa Bay is a top-five offense in total yards and points scored, and Coen has continued the reclamation of Baker Mayfield as a playoff-caliber quarterback in the league. While a small sample size, Coen has impressed enough this season that we could very well see him land a head coaching gig. 8. Bobby Slowik Current position : Offensive coordinator, Houston Texans Slowik's name was much hotter last cycle after helping C.J. Stroud burst onto the scene as a rookie, but he should still get some looks as a possible head coach this year as well. Slowik comes from the ever-popular Shanahan coaching tree, initially breaking into the league as a defensive assistant under Mike Shanahan before joining Kyle Shanahan's staff with the San Francisco 49ers . Houston has dealt with injuries at the wide receiver position that have contributed to the underperforming offense, but it is still 11th in the league in total points scored. Slowik's pedigree and coming from the offensive side of the ball should have him in the mix this cycle. 7. Vance Joseph Current position : Defensive coordinator, Denver Broncos It's underrated how wild it is that Vance Joseph is putting together a strong résumé to once again be a head coach in the NFL while serving as the defensive coordinator on the team that fired him as head coach back in 2018. His reclamation in Denver has been a feel-good story that deserves more attention and should get him interviews this cycle. As the DC under Sean Payton, Joseph's Broncos are arguably the best defense in the NFL. Entering Week 15, Denver is tied for the second-fewest points allowed and eighth in both total yards allowed and total takeaways. 6. Kliff Kingsbury Current position : Offensive coordinator, Washington Commanders It came as a bit of a shock when Dan Quinn plucked Kingsbury and placed him back into relevancy as the Commanders offensive coordinator, but it was a move that has wholeheartedly paid off. Kingsbury has helped develop No. 2 overall pick Jayden Daniels into one of the most productive rookie quarterbacks of all-time, and Washington is currently in playoff position. The ability to coach up an offense and develop a young quarterback are two massive pluses for Kingsbury if he looks to become a head coach again in the NFL. One team that could be fascinating to watch with him is the Bears, as he coached Caleb Williams at USC. 5. Joe Brady Current position : Offensive coordinator, Buffalo Bills It feels like Brady has been on the cusp of being a hot head coaching candidate for quite a while. After coaching Joe Burrow and the 2019 national champion LSU Tigers, he joined Matt Rhule as the Carolina Panthers offensive coordinator, but that failed endeavor set him back a bit. More recently, he's been leading the Bills offense and has helped Josh Allen 's ascent to NFL MVP frontrunner. Given teams' affinity for hiring offensive-minded head coaches, it won't be surprising to see Brady get interviews, especially if the Bills offense continues to light it up. 4. Aaron Glenn Current position : Defensive coordinator, Detroit Lions Ben Johnson takes a lot of the limelight when talking about future head coaches in the league, but let's not forget about Detroit's "other" coordinator in Aaron Glenn. He has been a key piece to the Lions' success in recent seasons and has been a hot head coaching name in his own right. Along with serving under Dan Campbell, Glenn has worked under Sean Payton in the past as the Saints defensive backs coach from 2016-2020. As the DC for the Lions, Glenn has the defense playing as a top-10 unit in the league. It is tied for second in the league in points allowed and sixth in takeaways. Glenn has also kept the defense afloat despite a key injury to star pass rusher Aidan Hutchinson , which shouldn't be overlooked. 3. Brian Flores Current position : Defensive coordinator, Minnesota Vikings It feels like Flores will get a second crack at being an NFL head coach in the near future, possibly as soon as this cycle. Over the past two seasons, Flores has helped the Vikings defense turn into one of the more feared units in the league. Entering Week 15, Minnesota is sixth in the league in points allowed and fourth in total sacks. Flores was successful as the head coach of the Miami Dolphins from 2019-2021 but didn't seem to jive with ownership, which was illegally tampering with Sean Payton . Flores was 24-25 as a head coach overall but 19-14 over his final two years. 2. Mike Vrabel Current position : Coaching and personnel consultant, Cleveland Browns It was a little puzzling when the Tennessee Titans decided to fire Vrabel after the 2023 season, even after the club went 6-11. During his tenure, the former linebacker has been widely regarded as one of the best in-game coaches in the league, as he consistently squeezed every ounce of talent out of his rosters. Vrabel reached the playoffs in three of his six seasons as head coach, which included a trip to the AFC Championship in 2019. He also won NFL Coach of the Year in 2021. This season, he's served as an overarching advisor to the Browns. This go around, he should be a very popular candidate and, in our estimation, the top option after Johnson. 1. Ben Johnson Current position : Offensive coordinator, Detroit Lions Even if Bill Belichick were still on the board, Johnson was/is the top candidate on a lot of organizations' boards, if not all of them. The 38-year-old has been a hot candidate the past few cycles but ultimately decided against taking a head coaching job last year to remain with the Lions. Johnson has routinely had the Lions as a top offense in the NFL since being installed as coordinator in 2022, and this year is no different. Entering Week 15 , the Detroit offense is first in points and second in total yards. It is also a top-five unit in passing yards, passing touchdowns, rushing yards and rushing touchdowns. While he has a tremendous cast of weapons around him, Johnson has shown creativity that has manufactured points, endearing himself across the league as the clear top coach on the market.The Gunners have endured a mixed season so far, with inconsistent performances and disappointing results leaving them languishing in mid-table in the Premier League. Arteta has been vocal about the need for reinforcements in the squad, and the appointment of a seasoned sporting director like Ashworth could provide the club with the expertise needed to address their recruitment needs effectively.Fans of Ferencváros will be eagerly anticipating Keita's debut for the club and hoping that he can make an immediate impact on the team's performances. With his unique playing style and attacking prowess, Keita has the potential to become a key player for Ferencváros and help them achieve success in the upcoming season.
In response to the investigation, industry experts and stakeholders have expressed varying opinions. Some believe that regulatory scrutiny is necessary to prevent tech giants like Google from abusing their market power, while others argue that such investigations could stifle innovation and disrupt the digital ecosystem.In the meantime, Ortega himself faces an uncertain future. With his contract situation unresolved and the prospect of leaving Barcelona looming, he must focus on his performances on the pitch and trust that his talent and hard work will see him through this challenging period.So, gear up, grab your whip and energy sword, and get ready to embark on the adventure of a lifetime with Master Chief as you uncover the secrets of the past, confront the dangers of the present, and ultimately claim your fortune and glory. The journey awaits, and the fate of the galaxy hangs in the balance. Are you ready to answer the call?
In conclusion, while the uncertainties surrounding Arnold and Salah's future at Liverpool may be cause for concern among fans, the club's proactive approach in monitoring and pursuing promising talents like Frlimpong and K77 is a testament to their ambition and determination to stay at the top of the footballing hierarchy. Only time will tell how these potential transfer developments unfold, but one thing is certain – Liverpool is prepared to adapt and thrive in the face of change.