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Tilly's, Inc. Reports Fiscal 2024 Third Quarter Operating Results
Nantes loses 2-0 at home to Le Havre in a match interrupted by angry fans. Lille beats RennesBREAKING: Dundee v Hibs kick off delayed by at least 10 minutesThousands of Afghans on Thursday attended the funeral of the refugees minister, AFP journalists saw, after he was killed in a suicide bombing in Kabul the day before in an attack claimed by the Islamic State group. The Minister for Refugees and Repatriation, Khalil Ur-Rahman Haqqani, was killed on Wednesday afternoon in a suicide bombing at the ministry's offices in the Afghan capital. Thousands of men, many of them armed, gathered for Haqqani's funeral in his home village of Sarana, in a mountainous area of Paktia province, south of Kabul. The funeral included heavy security, with armoured vehicles, snipers and personnel manning the area and the road from Kabul, which was jammed with hundreds of cars as mourners travelled from surrounding provinces. Senior Taliban officials, including the Chief of Army Staff Qari Fasihuddin Fitrat, and Maulawi Abdul Kabir, political deputy of the prime minister's office, attended the funeral, according to an AFP team on site. The deceased's nephew, the powerful interior minister, Sirajuddin Haqqani, also attended, along with foreign minister Amir Khan Muttaqi. In a speech there, Muttaqi said the latest IS attacks had been planned "abroad", denouncing, without naming them, "countries harbouring" the organisation. "We call on all nations to work together to stop the common enemy, which does not recognise any kind of morality." In September, the Taliban authorities said IS had training camps in Balochistan province of Pakistan, which also regularly faces jihadist attacks. - 'Protect our other leaders' - Haqqani, the highest ranked member of the Taliban government to be killed in an attack since their return to power, "was a big loss for us, the system and the nation", said Paktia resident Hedayatullah, 22. "May God protect our other leaders and keep them victorious." "Our leader... who had his life brutally taken away, achieved martyrdom," said Bostan, 53, haranguing the "cowardly attack" that killed Haqqani. The United Nations mission in Afghanistan condemned the attack on Thursday, offering condolences to the victims' families. "There can be no place for terrorism in the quest for stability," the UN Assistance Mission in Afghanistan (UNAMA) said on X. The European Union and the Organization of Islamic Cooperation also condemned the attack, along with Qatar, Saudi Arabia, Pakistan and Iran. Haqqani -- who is on US and UN sanctions lists and never appeared without an automatic weapon in his hand -- was the brother of Jalaluddin Haqqani, founder of the feared Haqqani network responsible for some of the most violent attacks during the Taliban's two-decade insurgency. The Islamic State group claimed responsibility for the attack, saying a bomber detonated an explosive vest inside the ministry, according to a statement on its Amaq news agency, as translated by the SITE Intelligence Group. Taliban authorities had already blamed IS for the "cowardly attack" -- the first targeting a minister since the Taliban returned to power in 2021. Violence has waned in Afghanistan since the Taliban forces took over the country that year, ending their war against US-led NATO coalition forces. However, the regional chapter of IS, known as Islamic State Khorasan, is active in Afghanistan and has regularly targeted civilians, foreigners and Taliban officials with gun and bomb attacks. bur-qb-sw/nro
OneDigital Investment Advisors LLC Purchases Shares of 3,181 Insmed Incorporated (NASDAQ:INSM)
KANSAS CITY, Mo. — Pick your adjective to describe the Kansas City Chiefs this season — charmed, serendipitous, fortunate or just plain lucky — and it probably fits, and not just because they keep winning games that come down to the wire. Every time they need help at a position, they've found someone sitting on the couch, seemingly waiting for their call. First it was wide receiver JuJu Smith-Schuster, who returned to the Chiefs just before the season after Marquise Brown was lost to shoulder surgery. Then it was running back Kareem Hunt, who likewise returned to his former team when Isiah Pacheco broke his fibula. Left tackle D.J. Humphries came next when other options at the position were struggling, and this week it was Steven Nelson, who came out of retirement to help a secondary that has struggled for weeks. "Just got an opportunity, got a call. Was very excited about it," said Nelson, who spent his first four seasons in Kansas City before stints in Pittsburgh and Houston, and ultimately calling it quits in June so he could spend more time with his family. "I've got two daughters and been spending a lot of time with him," Nelson said, "but still trying to work out. It was kind of the perfect scenario, getting the call, especially where this team has been and this point in the season. Great opportunity." It's been a perfect opportunity for all of them. Perfect fits for the Chiefs, too. Each could have signed just about anywhere else and been able to contribute, yet they were still sitting around when Chiefs general manager Brett Veach reached out. In the case of Smith-Schuster, Hunt and Humphries, there were some concerns about injuries that had kept some teams away, but the Chiefs were willing to take a risk on them. Smith-Schuster, who has dealt with knee trouble for years, missed some time with a hamstring injury this season. But he still has 202 yards and a touchdown receiving, and has provided some veteran leadership in the locker room. Hunt was coming off a sports hernia surgery, a big reason why the Browns — whom the Chiefs visit Sunday — declined to bring him back after five years spent in a one-two punch with Nick Chubb. But when Pacheco went down, Hunt stepped in and their offense barely missed a beat; he has run for a team-leading 608 yards and five touchdowns in 10 games. Humphries was still rehabbing a torn ACL at the start of the season, but the former Pro Bowl tackle was cleared just before the Chiefs called him. Kingsley Suamataia and Wanya Morris had struggled to protect Patrick Mahomes' blind side, so they brought in Humphries to help out. And while he hurt his hamstring late in his debut last week against the Chargers, the Chiefs still hope he'll be recovered and fully up to speed in time for the stretch run and the playoffs. "I'm in Kansas City, bro. I'm pretty ecstatic. It don't get much better than this," Humphries said. "Everybody is excited for me to be here and that's a really good feeling. You're getting All-Pro guys' arms outstretched, like, 'We're so glad you're here.'" The providential signings don't stop at those four players, either. When the Chiefs lost kicker Harrison Butker to knee surgery, they signed Spencer Shrader off the Jets practice squad, and he promptly kicked a game-winner against Carolina. But then Shrader hurt his hamstring and landed on injured reserve. The 49ers had just waived Matthew Wright, and the Chiefs signed him up. He's gone 8 for 9 on field-goal tries, has been perfect on PATs, and banged the game-winner off the upright and through last week against Los Angeles. Just like Smith-Schuster, Hunt and Nelson, Wright had been with Kansas City a couple of years ago. "It definitely helps, him knowing how we do things, how we practice and what we expect," Chiefs special teams coach Dave Toub said. "That all helped, for sure. And he's a veteran. He's been a lot of places. It wasn't like he was a rookie off the street." Or off the couch, for that matter. NOTES: Butker planned to kick again Thursday and could come off IR to face the Browns on Sunday. "He looked good," Toub said. "We have to see how he responds." ... Humphries (hamstring) did not practice Thursday. RT Jawaan Taylor (knee) was limited. ... SS Justin Reid will likely handle kickoffs against Cleveland. He has a stronger leg than Wright and also puts another athletic and adept tackler on the field on special teams. Get local news delivered to your inbox!
Callum McGregor wary of how quickly football can change despite Celtic’s leadUnited, Apple rolling out new way to track lost luggage with AirTagsMeta, the parent company of Facebook and Instagram, said it has donated $1 million to President-elect Donald Trump's inauguration fund. The donation comes just weeks after Meta CEO Mark Zuckerberg met with Trump privately at Mar-a-Lago. A Meta spokesperson confirmed the offering Thursday. The news was first reported by The Wall Street Journal. Stephen Miller, who has been appointed deputy chief of staff for Trump's second term, has said that Zuckerberg, like other business leaders, wants to support Trump's economic plans. The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with Trump. Trump was kicked off Facebook following the Jan. 6, 2021 attack on the U.S. Capitol. The company restored his account in early 2023. RELATED STORY | Meta's Mark Zuckerberg is the second richest person in the world. Here's who he just outranked During the 2024 campaign, Zuckerberg did not endorse a candidate for president but has voiced a more positive stance toward Trump. Earlier this year, he praised Trump's response to his first assassination attempt. Still, Trump had continued to attack Zuckerberg publicly during the campaign. In July, he posted a message on his own social network Truth Social threatening to send election fraudsters to prison in part by citing a nickname he used for the Meta CEO. "ZUCKERBUCKS, be careful!" Trump wrote. Corporations have traditionally made up a large share of donors to presidential inaugurals, with an exception in 2009, when then-President-elect Barack Obama refused to accept corporate donations. He reversed course for his second inaugural in 2013. Facebook did not donate to either Biden's 2021 inaugural or Trump's 2017 inaugural. Google donated $285,000 each to Trump first inaugural and Biden's inaugural, according to Federal Election Commission records. Inaugural committees are required to disclose the source of their fundraising, but not how they spend the money. Microsoft gave $1 million to Obama's second inaugural, but only $500,000 to Trump in 2017 and Biden in 2021. RELATED STORY | Celebrity private jet-tracking accounts suspended by Meta without reason, college student claimsMayank Markande is all set to feature for the Kolkata Knight Riders in the IPL 2025. KKR sealed the deal for the wrist spinner at INR 30 lakh. Markande played for the Sunrisers Hyderabad last year but this around the defending champions KKR have acquired the leg spinner. This will add depth to their bowling lineup going into the IPL 2025 season. IPL 2025 Mega Auction Day 1 Live Updates: Kumar Kartikeya Singh Goes to Rajasthan Royals for INR 30 Lakh, Gujarat Titans Get Manav Suthar for INR 30 Lakh. Mayank Markande is acquired by @KKRiders for INR 30 Lakh 💪 #TATAIPLAuction | #TATAIPL — IndianPremierLeague (@IPL) November 24, 2024 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)
Share this Story : Names to be added to controversial Victims of Communism memorial next year, says organizer Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links Defence Watch Names to be added to controversial Victims of Communism memorial next year, says organizer The monument in downtown Ottawa opened on Dec. 12 without any names inscribed. Get the latest from David Pugliese, Ottawa Citizen straight to your inbox Sign Up Author of the article: David Pugliese • Ottawa Citizen Published Dec 12, 2024 • Last updated 14 minutes ago • 4 minute read Join the conversation You can save this article by registering for free here . Or sign-in if you have an account. The Memorial to the Victims of Communism had its grand opening off of Wellington Street in Ottawa Thursday. Photo by Tony Caldwell / POSTMEDIA Article content The controversial Victims of Communism memorial opened Dec. 12 with organizers promising that the names of those to be honoured will be added to the site by next year. Article content Article content But shortly after that official statement was made, the office of Heritage Minister Pascale St-Onge claimed that no specific timeline had been agreed to by the federal government. Dozens of people, including diplomats and community leaders, gathered for the opening of the memorial, located near the corner of Wellington and Bay streets. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account Email Address Continue or View more offers If you are a Home delivery print subscriber, online access is included in your subscription. Activate your Online Access Now Article content Yvan Baker, the Liberal MP for Etobicoke Centre who was supposed to be the federal government official to inaugurate the memorial, did not show up at the event. He later attended a reception after the event. The unveiling was put on hold last year because of the controversy over parliamentarians honouring Yaroslav Hunka, a Ukrainian Waffen SS soldier and potential links between the monument and Nazi collaborators, according to records obtained by the Ottawa Citizen. In addition, Jewish groups have voiced their ongoing concerns about the names of alleged Nazi collaborators and other fascists being inscribed on the memorial’s wall of remembrance. But Ludwik Klimkowski, who leads the organization behind the memorial, said names will be added starting next year. Dozens of people, including diplomats and community leaders, gathered at the new Victims of Communism memorial on Dec. 12 for an inauguration ceremony. Ludwik Klimkowski, the chair of the board of directors of Tribute to Liberty, addressed the crowd. Photo by Catherine Morrison / POSTMEDIA “Friends we hope to see you again in 2025 to tell you all about the journey of those are meant to be on the side of this wall of remembrance,” said Klimkowski, chair of the Tribute of Liberty organization. “If you don’t hear them today, you will hear them at that point.” But when Klimkowski spoke about adding the names, a protester shouted “No Nazis.” Advertisement 3 Story continues below This advertisement has not loaded yet, but your article continues below. Article content The federal government, however, says it is not correct to state that names will be added next year. ‘‘We did not commit to a specific timeline as we are still conducting due diligence on the names,” Charles Thibault-Béland, press secretary to Pascale St-Onge, stated in an email. “We will continue our work to ensure that all aspects of the Memorial are in accordance with our Canadian values, so it remains an inclusive space that fosters remembrance, commemoration, and reflection for all who visit.” Klimkowski was not immediately available for an interview when reached for comment about the federal government’s position. The Memorial to the Victims of Communism has already been the focus of multiple controversies over its exact purpose, location, size and cost over the last 15 years. The price tag for the project has ballooned to an estimated $7.5 million — including $6 million in public funds — from an original budget of $1.5 million. The memorial, originally started by the Conservative government of then-prime minister Stephen Harper, was supposed to be funded entirely through private donations. Advertisement 4 Story continues below This advertisement has not loaded yet, but your article continues below. Article content Dozens of people, including diplomats and community leaders, gathered at the new Victims of Communism memorial on Dec. 12 for an inauguration ceremony. Photo by Catherine Morrison But taxpayers are now footing most of the bill as that private fundraising initiative fell far short when significant public financial support did not materialize. Officials with a Holocaust education organization, the Friends of Simon Wiesenthal Center, said they remain concerned about the addition of the names. A report prepared for the Department of Canadian Heritage warned that between 50 and 60 of the names proposed for the memorial are alleged to be directly associated with the Nazis. The report recommended that more than half of the 550 names planned to go on the memorial be removed because it is too difficult to verify the backgrounds of the individuals and what they may or may not have done during the Second World War. Friends of Simon Wiesenthal Center official Jaime Kirzner-Roberts said her organization asked for a commitment from Heritage Minister Pascale St-Onge that such names not be inscribed on the monument but so far has not received such a promise. “So there is still a lot of work to be done and a lot of questions to be answered before we can feel confident that this memorial will not become an embarrassment for Canada,” she said Dec. 12. “Sad that we even have to say this, but any monument in our capital that celebrates Nazis is simply unacceptable.” Advertisement 5 Story continues below This advertisement has not loaded yet, but your article continues below. Article content Robert Tmej, a member of the board of directors of Tribute to Liberty, the charity started in 2008 to establish the memorial, said it was great to see the monument open. Still, it’s also “bittersweet” given that there has been controversy surrounding the initiative, he added. Tmej said the list includes many people who sought refuge in Canada who don’t have an internet presence, meaning there’s no research on them. “They cannot be considered as fascists or Nazis just because either the government or the researchers didn’t do their job well enough to determine who these people were,” Tmej said. The Memorial to the Victims of Communism had its grand opening off of Wellington Street in Ottawa Thursday. Photo by Tony Caldwell / Postmedia Historians working for Canadian Heritage have pointed out that Nazi records are located in German government archives but it would take an enormous effort to examine the backgrounds of each person whose name is to go on the wall. Historians consulted by the department have repeatedly pointed out the easiest way out of the controversy would not to include any names at all. Federal officials in other departments have also continued to warn Canadian Heritage that the inclusion of Nazi collaborators on the memorial will cause international embarrassment. “It is important to note that many anti-communist and anti-Soviet advocates and fighters were also active Nazi collaborators, who committed documented massacres,” Global Affairs Canada officials warned their counterparts at Canadian Heritage in 2021. Advertisement 6 Story continues below This advertisement has not loaded yet, but your article continues below. Article content Private donations had already been made to the monument in the names of Nazi collaborators, CBC News reported in July 2021. Those included Roman Shukhevych, a Ukrainian nationalist whose troops murdered Jews and Poles, and Ante Pavelić who ran a Nazi puppet regime in Croatia and is considered a chief perpetrator of the Holocaust in the Balkans, the CBC reported. Dozens of people, including diplomats and community leaders, gathered at the new Victims of Communism memorial on Dec. 12 for an inauguration ceremony. Photo by Catherine Morrison / POSTMEDIA Tributes were placed at the new Victims of Communism memorial. Photo by Catherine Morrison / POSTMEDIA The Memorial to the Victims of Communism had its grand opening off of Wellington Street in Ottawa, Dec. 12, 2024. Photo by Tony Caldwell / POSTMEDIA (With files from Catherine Morrison) David Pugliese is an award-winning journalist covering Canadian Forces and military issues in Canada. To support his work, including exclusive content for subscribers only, sign up here: ottawacitizen.com/subscribe Recommended from Editorial Victims of Communism memorial delayed over Nazi link controversy to open Feds ignored calls to rename Victims of Communism memorial Article content Share this article in your social network Share this Story : Names to be added to controversial Victims of Communism memorial next year, says organizer Copy Link Email X Reddit Pinterest LinkedIn Tumblr Comments You must be logged in to join the discussion or read more comments. Create an Account Sign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Trending Ottawa care home accused of neglecting hygiene for residents Local News How new remote-work rules have caused commute woes for public servants Public Service Grenier: Ottawa is systematically killing the ByWard Market Opinion Rughoo: Canada Post strike threatens the future of hand-written notes Opinion Two arrested at Ottawa courthouse in connection with Val-des-Monts murder News Read Next Latest National Stories Featured Local SavingsUnited, Apple rolling out new way to track lost luggage with AirTags
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NASA's stuck astronauts hit 6 months in space. Just 2 more to goThe Grok AI chatbot on Twitter/X can now take any image or meme and provide a detailed description. In 2023, Elon Musk debuted Grok, an AI chatbot used exclusively on Twitter/X. The feature is available for premium users who pay for their membership. With continued development, the AI chatbot is now able to describe any meme or image for premium X users, no matter how complicated. Its answers, though, can be somewhat satirical, especially when used in “fun” mode, and are meant to make the user laugh. Two variations of Grok have been released since its debut, with a third version currently in the works. In October, Musk announced the Grok initiative on X, saying the feature would “rapidly improve.” On December 10, the X owner gave further details about how Grok works. “You can also upload any image to Grok, including memes, and it will explain what they mean,” he said. You can also upload any image to Grok, including memes, and it will explain what they mean https://t.co/tfM8k63AJu Elon Musk intended to make Grok funny Social media users seem to like the new AI feature, as many agreed that it was a ‘winning’ idea, adding that AI was “getting scary good.” One X user also commented on how Grok is superior to other AI chatbots. “I love Grok and I have used about everything out there over the last 5 years,” they said. “Guys, don’t sleep on Grok Analysis, it is really good. It can break down memes and contextual understanding. It’s freaking awesome,” wrote popular X account ‘AutismCapital’ which included Grok’s analysis of a Barron Trump meme. Guys, don't sleep on Grok Analysis, it is *really* good. It can break down memes and contextual understanding. It's freaking awesome. 🔥 pic.twitter.com/BTSVrWVTbi After developing Grok, Musk noted that if AI was going to take over the internet, or more, the least he could do was turn his AI chatbot into something comical. “We worked hard to ensure Grok was funny. If AI is going to take over, please let it at least make us laugh,” Musk tweeted. Related: We worked hard to ensure Grok was funny. If AI is going to take over, please let it at least make us laugh. In November, Musk announced his plans to extend his platform with groundbreaking AI technology. With a love for video games, the X owner said he wanted to start his own AI game studio to make video games “great again.” “I think if you apply AI to a video game, you could really make it just an incredible video game,” he said to a fan who proposed the idea at a convention.Meta donates $1 million to Trump's inauguration fund
Harnessing Renewable Energy for Kashmir’s Economic Renaissance
ISLAMABAD (AP) — Pakistani police arrested thousands of Imran Khan supporters ahead of a rally in the capital to demand the ex-premier’s release from prison, a security officer said Sunday. Khan has been behind bars for more than a year and has over 150 criminal cases against him. But he remains popular and his political party, Pakistan Tehreek-e-Insaf or PTI, says the cases are politically motivated. Shahid Nawaz, a security officer in eastern Punjab province, said police have arrested more than 4,000 Khan supporters. They include five parliamentarians. Pakistan has sealed off Islamabad with shipping containers and shut down major roads and highways connecting the city with PTI strongholds in Punjab and northwestern Khyber Pakhtunkhwa provinces. Tit-for-tat teargas shelling between the police and the PTI was reported on the highway bordering Punjab and Khyber Pakhtunkhwa. Earlier on Sunday, Pakistan suspended mobile and internet services “in areas with security concerns.” The government and Interior Ministry posted the announcement on the social media platform X, which is banned in Pakistan. They did not specify the areas, nor did they say how long the suspension would be in place. “Internet and mobile services will continue to operate as usual in the rest of the country,” the posts said. Meanwhile, telecom company Nayatel sent out emails offering customers “a reliable landline service” as a workaround in the areas suffering suspended cellphone service. Khan's supporters rely heavily on social media to demand his release and use messaging platforms like WhatsApp to share information, including details of events. PTI spokesperson Sheikh Waqas Akram said Khan's wife Bushra Bibi was traveling to Islamabad in a convoy led by the chief minister of Khyber Pakhtunkhwa, Ali Amin Gandapur. “She cannot leave the party workers on their own,” said Akram. There was a festive mood in Peshawar, with PTI members dancing, drumming and holding up pictures of Khan as cars set off for Islamabad. The government is imposing social media platform bans and targeting VPN services , according to internet advocacy group Netblocks. On Sunday, the group said live metrics showed problems with WhatsApp that were affecting media sharing on the app. The U.S. Embassy issued a security alert for Americans in the capital, encouraging them to avoid large gatherings and warning that even “peaceful gatherings can turn violent.” Last month, authorities suspended the cellphone service in Islamabad and Rawalpindi to thwart a pro-Khan rally. The shutdown disrupted communications and affected everyday services such as banking, ride-hailing and food delivery. The latest crackdown comes on the eve of a visit by Belarusian President Alexander Lukashenko . Interior Minister Mohsin Naqvi said authorities have sealed off Islamabad's Red Zone, which houses key government buildings and is the destination for Khan's supporters. “Anyone reaching it will be arrested,” Naqvi told a press conference. He said the security measures were in place to protect residents and property, blaming the PTI for inconveniencing people and businesses. He added that protesters were planning to take the same route as the Belarusian delegation, but that the government had headed off this scenario. Naqvi denied cellphone services were suspended and said only mobile data was affected. Associated Press writers Riaz Khan in Peshawar and Asim Tanveer in Multan contributed to this report.Total Revenues of $699.2M , up 13% Year Over Year Subscription Services Revenues of $580.9M , up 17% Year Over Year PLEASANTON, Calif. , Dec. 5, 2024 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its third quarter ended October 31, 2024. "It was a great quarter of innovation and excellent execution across the board," said CEO Peter Gassner . "Especially significant was the hard work for the long term. We deepened a number of large, highly strategic relationships and are set to deliver the next generation of CRM this month with Vault CRM Suite to connect sales, marketing, and medical – a first for the industry." Fiscal 2025 Third Quarter Results: "We delivered results ahead of guidance on all metrics, reflecting our operational discipline and the durability of our model," said CFO Brian Van Wagener . "With a clear product strategy, focused execution, and large market opportunity we are well positioned for strong growth and profitability for many years to come." Recent Highlights: Financial Outlook: Veeva is providing guidance for its fiscal fourth quarter ending January 31, 2025 as follows: Veeva is providing updated guidance for its fiscal year ending January 31, 2025 as follows: Conference Call Information Prepared remarks and an investor presentation providing additional information and analysis can be found on Veeva's investor relations website at ir.veeva.com . Veeva will host a Q&A conference call at 2:00 p.m. PT today, December 5, 2024, and a replay of the call will be available on Veeva's investor relations website. What: Veeva Systems Fiscal 2025 Third Quarter Results Conference Call When: Thursday, December 5, 2024 Time: 2:00 p.m. PT (5:00 p.m. ET) Online Registration: https://registrations.events/direct/Q4I86021395 Webcast: ir.veeva.com ___________ (1) The customer contracting change that standardized termination for convenience (TFC) rights in our master subscription agreements resulted in a change in the timing of revenue for certain customer contracts and reduced revenues, operating income and non-GAAP operating income, and net income and non-GAAP net income in the third quarter of fiscal 2024. (2) This press release uses non-GAAP financial metrics that are adjusted for the impact of various GAAP items. See the section titled "Non-GAAP Financial Measures" and the tables entitled "Reconciliation of GAAP to Non-GAAP Financial Measures" below for details. (3) Veeva is not able, at this time, to provide GAAP targets for operating income and fully diluted net income per share for the fourth fiscal quarter ending January 31, 2025 or the fiscal year ending January 31, 2025 because of the difficulty of estimating certain items excluded from non-GAAP operating income and non-GAAP fully diluted net income per share that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. About Veeva Systems Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world's largest pharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders and the industries it serves. For more information, visit veeva.com . Veeva uses its ir.veeva.com website as a means of disclosing material non-public information, announcing upcoming investor conferences, and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings, and public conference calls and webcasts. Forward-looking Statements This release contains forward-looking statements regarding Veeva's expected future performance and, in particular, includes quotes from management and guidance, provided as of December 5, 2024, about Veeva's expected future financial results. Estimating guidance accurately for future periods is difficult. It involves assumptions and internal estimates that may prove to be incorrect and is based on plans that may change. Hence, there is a significant risk that actual results could differ materially from the guidance we have provided in this release and we have no obligation to update such guidance. There are also numerous risks that have the potential to negatively impact our financial performance, including issues related to the performance, availability, security, or privacy of our products, competitive factors, customer decisions and priorities, events that impact the life sciences industry, general macroeconomic and geopolitical events (including inflationary pressures, changes in interest rates, currency exchange fluctuations and impacts related to Russia's invasion of Ukraine and the Israel-Hamas conflict), and issues that impact our ability to hire, retain and adequately compensate talented employees. We have summarized what we believe are the principal risks to our business in a section titled "Summary of Risk Factors" on pages 36 and 37 in our filing on Form 10-Q for the period ended July 31, 2024 which you can find here . Additional details on the risks and uncertainties that may impact our business can be found in the same filing on Form 10-Q and in our subsequent SEC filings, which you can access at sec.gov . We recommend that you familiarize yourself with these risks and uncertainties before making an investment decision. Investor Relations Contact: Media Contact: Gunnar Hansen Maria Scurry Veeva Systems Inc. Veeva Systems Inc. 267-460-5839 781-366-7617 ir@veeva.com pr@veeva.com VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,044,511 $ 703,487 Short-term investments 4,018,475 3,324,269 Accounts receivable, net 255,817 852,172 Unbilled accounts receivable 45,472 36,365 Prepaid expenses and other current assets 82,885 86,918 Total current assets 5,447,160 5,003,211 Property and equipment, net 55,695 58,532 Deferred costs, net 22,515 23,916 Lease right-of-use assets 60,325 45,602 Goodwill 439,877 439,877 Intangible assets, net 48,527 63,017 Deferred income taxes 322,652 233,463 Other long-term assets 56,102 43,302 Total assets $ 6,452,853 $ 5,910,920 Liabilities and stockholders ' equity Current liabilities: Accounts payable $ 31,845 $ 31,513 Accrued compensation and benefits 34,634 43,433 Accrued expenses and other current liabilities 30,906 32,980 Income tax payable 10,803 11,862 Deferred revenue 739,657 1,049,761 Lease liabilities 9,156 9,334 Total current liabilities 857,001 1,178,883 Deferred income taxes 475 2,052 Lease liabilities, noncurrent 62,545 46,441 Other long-term liabilities 31,429 38,720 Total liabilities 951,450 1,266,096 Stockholders' equity: Common stock 2 2 Additional paid-in capital 2,248,890 1,915,002 Accumulated other comprehensive loss (6,459) (10,637) Retained earnings 3,258,970 2,740,457 Total stockholders' equity 5,501,403 4,644,824 Total liabilities and stockholders ' equity $ 6,452,853 $ 5,910,920 VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands, except per share data) (Unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Revenues: Subscription services (4) $ 580,850 $ 494,912 $ 1,676,082 $ 1,380,095 Professional services and other (5) 118,357 121,593 349,651 352,960 Total revenues 699,207 616,505 2,025,733 1,733,055 Cost of revenues (6) : Cost of subscription services 82,638 74,435 239,577 213,179 Cost of professional services and other 91,751 93,247 279,068 290,184 Total cost of revenues 174,389 167,682 518,645 503,363 Gross profit 524,818 448,823 1,507,088 1,229,692 Operating expenses (6) : Research and development 172,411 161,278 511,551 465,466 Sales and marketing 98,695 96,773 297,524 282,269 General and administrative 72,359 62,283 195,001 187,887 Total operating expenses 343,465 320,334 1,004,076 935,622 Operating income 181,353 128,489 503,012 294,070 Other income, net 60,937 42,187 171,239 111,260 Income before income taxes 242,290 170,676 674,251 405,330 Income tax provision 56,482 35,518 155,738 27,023 Net income $ 185,808 $ 135,158 $ 518,513 $ 378,307 Net income per share: Basic $ 1.15 $ 0.84 $ 3.21 $ 2.36 Diluted $ 1.13 $ 0.83 $ 3.15 $ 2.32 Weighted-average shares used to compute net income per share: Basic 161,987 160,768 161,707 160,344 Diluted 164,979 163,761 164,838 163,129 Other comprehensive income: Net change in unrealized (loss) gain on available-for-sale investments $ (738) $ (2,637) $ 5,576 $ (6,100) Net change in cumulative foreign currency translation loss (146) (518) (1,398) (309) Comprehensive income $ 184,924 $ 132,003 $ 522,691 $ 371,898 (4) Includes subscription services revenues from the following product areas: Veeva Commercial Solutions $ 278,377 $ 251,167 $ 811,503 $ 733,921 Veeva R&D Solutions 302,473 243,745 864,579 646,174 Total subscription services $ 580,850 $ 494,912 $ 1,676,082 $ 1,380,095 (5) Includes professional services and other revenues from the following product areas: Veeva Commercial Solutions $ 45,855 $ 47,899 $ 139,695 $ 140,082 Veeva R&D Solutions 72,502 73,694 209,956 212,878 Total professional services and other $ 118,357 $ 121,593 $ 349,651 $ 352,960 (6) Includes stock-based compensation as follows:
Banque Cantonale Vaudoise acquired a new stake in Paramount Global ( NASDAQ:PARA – Free Report ) in the third quarter, Holdings Channel.com reports. The fund acquired 21,059 shares of the company’s stock, valued at approximately $224,000. A number of other institutional investors have also modified their holdings of the company. Great Valley Advisor Group Inc. grew its stake in shares of Paramount Global by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 19,940 shares of the company’s stock valued at $207,000 after buying an additional 1,002 shares in the last quarter. Carson Advisory Inc. grew its stake in Paramount Global by 1.9% during the 3rd quarter. Carson Advisory Inc. now owns 54,364 shares of the company’s stock worth $577,000 after purchasing an additional 1,004 shares in the last quarter. Prestige Wealth Management Group LLC grew its stake in Paramount Global by 13.2% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 8,648 shares of the company’s stock worth $90,000 after purchasing an additional 1,011 shares in the last quarter. GAMMA Investing LLC grew its stake in Paramount Global by 22.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,742 shares of the company’s stock worth $60,000 after purchasing an additional 1,067 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Paramount Global by 8.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 17,411 shares of the company’s stock worth $181,000 after purchasing an additional 1,356 shares in the last quarter. 73.00% of the stock is owned by institutional investors and hedge funds. Paramount Global Stock Down 1.9 % Paramount Global stock opened at $10.88 on Friday. Paramount Global has a fifty-two week low of $9.54 and a fifty-two week high of $17.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The company has a market capitalization of $7.26 billion, a P/E ratio of -1.32, a PEG ratio of 1.25 and a beta of 1.74. The stock has a 50-day simple moving average of $10.66 and a 200-day simple moving average of $11.01. Paramount Global Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, December 16th. Paramount Global’s dividend payout ratio is presently -2.43%. Analysts Set New Price Targets Several research analysts recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. Macquarie reissued an “underperform” rating and set a $10.00 target price on shares of Paramount Global in a research note on Monday, November 11th. Benchmark reissued a “buy” rating and set a $19.00 target price on shares of Paramount Global in a research note on Friday, August 9th. Wells Fargo & Company raised Paramount Global from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $10.00 to $11.00 in a research report on Friday, August 9th. Finally, StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Eight research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Paramount Global has an average rating of “Hold” and an average price target of $12.40. Read Our Latest Report on PARA Paramount Global Profile ( Free Report ) Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands. Recommended Stories Want to see what other hedge funds are holding PARA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paramount Global ( NASDAQ:PARA – Free Report ). Receive News & Ratings for Paramount Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Global and related companies with MarketBeat.com's FREE daily email newsletter .What We Learned About the Minnesota Vikings in Nail-biting OT Win Over the Chicago BearsBedford fire, EMS funding boost plan gains momentum
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