
'Legislative coup': Protestors gather at NC State Capitol to oppose controversial billThe Liberal government is pulling out the federal wallet to put more money into people's pockets over the holidays , but its recently announced affordability measures create winners and losers. Prime Minister Justin Trudeau announced on Thursday that the federal government will remove the goods and services tax on a slew of items for two months, starting Dec. 14. But in provinces where the provincial and federal sales taxes are blended together into a harmonized sales tax, Canadians will get a larger break. The federal government also plans to send $250 cheques to Canadians who were working in 2023 and earned up to $150,000. That means Canadians who were not working in 2023, including those who were receiving social assistance or were in retirement, will not be sent a cheque in April. Trudeau says the federal government has already stepped up to help the most vulnerable Canadians and that it is now time to give a hand to workers. __ This report by The Canadian Press was first published Nov. 22, 2024.
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Jonah Goldberg: What if most Americans aren't bitterly divided?Tulsi Gabbard, Trump’s pick for intel chief, faces questions on Capitol Hill amid Syria falloutSwift's daily impact on Vancouver may have exceeded 2010 Games, says industry figureLG's CineBeam Q projector is a compact, premium 4K projector on sale right now for $799 ($500 off the regular price). Its auto keystone screen adjustment, vivid projection, and portability make it a top-tier projector. However, the CineBeam Q is expensive and requires an external speaker to really feel cinematic. Projectors are cool; they can take whatever media you want and blow it up tenfold, making screens out of blank walls and transforming the most mundane of spaces into mini theaters. The problem is that these devices are usually cumbersome, unportable, loud, fragile, and finicky. LG CineBeam Q easily solves all those problems as a three-pound, portable projector capable of screening in 4K at an image size of up to 120 inches. The Q has a laser RGB light source (instead of the traditional lamp projectors) that creates a vibrant, robust image across a wider spectrum of color, turning any wall that's big enough into a cinematic movie screen or gaming display. Also: The best Black Friday deals: Live updates LG CineBeam Q Projector The CineBeam Q is an ultra-portable 4K projector with a responsive auto-adjusting screen. Focusing and image arrangement -- typically a lengthy process of trial and error with other projectors -- is a snap with the Q, which has keystone screen adjustment technology that automatically senses and adjusts the picture to whatever space you're projecting on. Achieving the right image is as easy as adjusting the rotating kickstand to the proper height, allowing projection at any angle, including straight up, if you want to project onto the ceiling (which is awesome when you're lying down). The maximum size "screen" you can achieve on the CineBeam Q is about 120 inches and requires a distance of about 12 feet away from the wall or projector screen to get that big. On the flip side, the smallest the image can go is around a 50-inch projection, at about five feet distance. Anything closer or further than these extremes will see a drop-off in image quality and focus. The CineBeam Q operates much like an LG smart TV when you fire it up. LG's webOS 6 pulls up an app menu where you can load different streaming platforms such as Netflix, Disney+, and YouTube, as well as use AirPlay to connect directly to your mobile device. You can also plug in an Apple TV or Chromecast with Google TV. Also: I tested the world's smallest projector with Google TV, and it blew me away On the back is one HDMI port, one USB-C port, and a power port, allowing for physical connections to other devices such as a gaming console or soundbar . Speaking of sound, you will definitely want to consider getting an accompanying soundbar or Bluetooth speaker to pair up with the Q, as its internal three-watt speakers don't do much to convey a theatrical experience. Also like a smart TV, there are a number of preset image profiles you can play with to get the optimal color and image, and it's worth cycling through these to see if you're getting the best possible image. When I was testing, setting it to 'Vivid' resulted in a significantly better image. The thing with projectors is that they're not TVs ; they don't have their own light source illuminating each pixel on the screen, so to get the optimal image quality, you really need to be in a dark space. Under these optimal lighting conditions, the Q looks fantastic, projecting at 500 ANSI lumens of brightness: the picture is vibrant, bright, and visibly 4K with a high degree of contrast. Also: I replaced my TV with this long-throw projector and it's absolutely worth it - especially for $200 off But if you're in a space with any amount of ambient light, the image quality degrades quickly. Those vibrant, saturated colors quickly become washed out and cloudy. Again, this isn't necessarily an issue with the Q specifically, but with all projectors, and should be considered as part of their limitations. While the Q isn't designed to replace your TV full-time, its flexibility and portability make it best for certain use cases, like movie nights. The experiential device transforms any wall big enough into a theater screen in a hardware package that screams premium. There are other portable projectors out there, such as Samsung's Freestyle 2 , which are smaller and less expensive, but they don't provide quite the same visual quality as the Q. The use cases for this device are varied, and may not be for everyone. Kids will absolutely go crazy for the Q, and I can see this being used in a kids' room as part of a movie night or fort-building adventure. Likewise, movie buffs who want to have a nighttime screening in the backyard or on a rooftop will love the portability and easy adjustment built into this projector. The only caveat is that the projector is not battery powered and can only be taken as far as its cord will go. This is perhaps one of the more limiting traits of the projector, as it's portable enough to go anywhere, but in practice is actually tethered to the power outlet. The device's power cord is also quite short, and I can't see this being used without an extension cord if you're going for that massive cinematic screen, especially if you're taking it outside. ZDNET's buying advice The CineBeam Q is a premium device that looks and feels high-end. Even when not in use, it's unique and well-designed enough to add personality to a desk or bookshelf. In terms of usability, it couldn't be easier: anyone who's navigated a smart TV menu will be able to fire it up, and the auto-adjustment technology makes focus and image arrangement seamless. In order to achieve a cinematic experience (and honestly, even if you're using it for gaming), you'll want to complete the package with a soundbar or Bluetooth speaker, but that's something that isn't too big of a deal: its small, compact form factor is the tradeoff for the lack of powerful sound. The price point does represent its niche market, but if you're looking for a top-tier projector that brings fantastic image quality, the CineBeam Q is where it's at. The fact that it's $500 off right now makes this deal impossible to overlook. What are the best Black Friday 2024 deals? ZDNET's experts have been searching through Black Friday sales live now to find the best discounts by category. These are the best Black Friday deals so far, by category: Black Friday TV deals Black Friday phone deals Black Friday laptop deals Black Friday gaming PC deals Black Friday smartwatch and fitness tracker deals Black Friday Amazon deals Black Friday Best Buy deals Black Friday Walmart deals Black Friday Sam's Club deals Black Friday Apple deals Black Friday iPad deals Black Friday AirPods deals Black Friday Apple Watch deals Black Friday Kindle deals Black Friday streaming deals Black Friday soundbar and speaker deals Black Friday robot vacuum deals Black Friday Nintendo Switch deals Black Friday PlayStation deals And more Black Friday deals: Black Friday deals under $25 Black Friday deals under $100 Black Friday Samsung deals Black Friday Verizon deals Black Friday headphone deals Black Friday tablet deals Black Friday monitor deals Black Friday gaming deals Black Friday security camera deals Black Friday storage and SSD deals Black Friday portable power station deals Black Friday VPN deals Black Friday Chromebook deals Black Friday HP deals Black Friday Dell deals Black Friday Roku deals Black Friday Roborock deals Best Black Friday deals Black Friday phone deals Black Friday TV deals Black Friday laptop deals
Epsilon Energy Ltd. Announces Quarterly DividendNone
Butler's trey with :04 left gives Fightin Maidens win over Whitehouse- Janesh Moorjani appointed as chief financial officer. SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the third quarter of fiscal 2025. All growth rates are compared to the third quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. For definitions, please view the Glossary of Terms later in this document. Third Quarter Fiscal 2025 Financial Highlights Total revenue increased 11 percent to $1.57 billion ; GAAP operating margin was 22 percent, down 2 percentage points; Non-GAAP operating margin was 36 percent, down 3 percentage points; GAAP income from operations was $346 million , compared to $334 million ; Non-GAAP income from operations was $573 million , compared to $547 million ; GAAP diluted EPS was $1.27 ; Non-GAAP diluted EPS was $2.17 ; Cash flow from operating activities was $209 million ; free cash flow was $199 million . "Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there's more to come in the next phase," said Andrew Anagnost , Autodesk president and CEO. "We will continue to deploy capital to offset and buy forward dilution, a practice which has reduced our share count over the last three years, and have significantly extended the duration of our repurchase program by increasing our stock repurchase authorization. Our goal is to deliver sustainable shareholder value over many years." "We generated broad-based underlying growth across products and regions. Overall, macroeconomic, policy, and geopolitical challenges, and the underlying momentum of the business, were consistent with the last few quarters with continued strong renewal rates and headwinds to new business growth," said Betsy Rafael , Autodesk interim CFO. "Given Autodesk's sustained momentum in the third quarter, and smooth launch of the new transaction model in Western Europe , we are raising the midpoints of our billings, revenue, margins, earnings per share, and free cash flow guidance ranges." Additional Financial Details Total billings increased 28 percent to $1.54 billion . Total revenue was $1.57 billion , an increase of 11 percent as reported, and 12 percent on a constant currency basis. Recurring revenue represents 97 percent of total. Design revenue was $1.30 billion , an increase of 9 percent as reported, and 10 percent on a constant currency basis. On a sequential basis, Design revenue increased 3 percent as reported and on a constant currency basis. Make revenue was $171 million , an increase of 28 percent as reported and on a constant currency basis. On a sequential basis, Make revenue increased 6 percent as reported and 5 percent on a constant currency basis. Subscription plan revenue was $1.46 billion , an increase of 11 percent as reported, and 12 percent on a constant currency basis. On a sequential basis, subscription plan revenue increased 3 percent as reported and 4 percent on a constant currency basis. Net revenue retention rate remained within the range of 100 to 110 percent, on a constant currency basis. GAAP income from operations was $346 million , compared to $334 million . GAAP operating margin was 22 percent, down 2 percentage points. Total non-GAAP income from operations was $573 million , compared to $547 million . Non-GAAP operating margin was 36 percent, down 3 percentage points. GAAP diluted net income per share was $1.27 , compared to $1.12 . Non-GAAP diluted net income per share was $2.17 , compared to $2.07 . Deferred revenue decreased 9 percent to $3.66 billion . Unbilled deferred revenue was $2.45 billion , an increase of $1.24 billion . Remaining performance obligations ("RPO") increased 17 percent to $6.11 billion . Current RPO increased 14 percent to $4.01 billion . Cash flow from operating activities was $209 million , an increase of $191 million . Free cash flow was $199 million , an increase of $186 million . Third Quarter Fiscal 2025 Business Highlights Net Revenue by Geographic Area Net Revenue by Product Family Our product offerings are focused in four primary product families: Architecture, Engineering and Construction ("AEC"), AutoCAD and AutoCAD LT, Manufacturing ("MFG"), and Media and Entertainment ("M&E"). Business Outlook The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties, some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the fourth quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below or in the tables following this press release. Fourth Quarter Fiscal 2025 Full Year Fiscal 2025 The fourth quarter and full-year fiscal 2025 outlook assume a projected annual effective tax rate of 20 percent and 19 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings. Earnings Conference Call and Webcast Autodesk will host its third quarter conference call today at 5 p.m. ET . The live broadcast can be accessed at autodesk.com/investor . A transcript of the opening commentary will also be available following the conference call. A replay of the broadcast will be available at 7 p.m. ET at autodesk.com/investor . This replay will be maintained on Autodesk's website for at least 12 months. Investor Presentation Details An investor presentation, Excel financials and other supplemental materials providing additional information can be found at autodesk.com/investor . Key Performance Metrics To help better understand our financial performance, we use several key performance metrics including billings, recurring revenue and net revenue retention rate. These metrics are key performance metrics and should be viewed independently of revenue and deferred revenue. These metrics are not intended to be combined with those items. We use these metrics to monitor the strength of our recurring business. We believe these metrics are useful to investors because they can help in monitoring the long-term health of our business. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP. Glossary of Terms Billings: Total revenue plus the net change in deferred revenue from the beginning to the end of the period. Cloud Service Offerings : Represents individual term-based offerings deployed through web browser technologies or in a hybrid software and cloud configuration. Cloud service offerings that are bundled with other product offerings are not captured as a separate cloud service offering. Constant Currency (CC) Growth Rates: We attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates as well as eliminating hedge gains or losses recorded within the current and comparative periods. We calculate constant currency growth rates by (i) applying the applicable prior period exchange rates to current period results and (ii) excluding any gains or losses from foreign currency hedge contracts that are reported in the current and comparative periods. Design Business: Represents the combination of maintenance, product subscriptions, and all EBAs. Main products include, but are not limited to, AutoCAD, AutoCAD LT, Industry Collections, Revit, Inventor, Maya and 3ds Max. Certain products, such as our computer aided manufacturing solutions, incorporate both Design and Make functionality and are classified as Design. Enterprise Business Agreements (EBAs): Represents programs providing enterprise customers with token-based access to a broad pool of Autodesk products over a defined contract term. Flex: A pay-as-you-go consumption option to pre-purchase tokens to access any product available with Flex for a daily rate. Free Cash Flow: Cash flow from operating activities minus capital expenditures. Industry Collections: Autodesk Industry Collections are a combination of products and services that target a specific user objective and support a set of workflows for that objective. Our Industry Collections consist of: Autodesk Architecture, Engineering and Construction Collection, Autodesk Product Design and Manufacturing Collection, and Autodesk Media and Entertainment Collection. Maintenance Plan: Our maintenance plans provide our customers with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance plans, customers are eligible to receive unspecified upgrades when and if available, and technical support. We recognize maintenance revenue over the term of the agreements, generally one year. Make Business: Represents certain cloud-based product subscriptions. Main products include, but are not limited to, Assemble, Autodesk Build, BIM Collaborate Pro, BuildingConnected, Fusion, and Flow Production Tracking. Certain products, such as Fusion, incorporate both Design and Make functionality and are classified as Make. Net Revenue Retention Rate (NR3): Measures the year-over-year change in Recurring Revenue for the population of customers that existed one year ago ("base customers"). Net revenue retention rate is calculated by dividing the current quarter Recurring Revenue related to base customers by the total corresponding quarter Recurring Revenue from one year ago. Recurring Revenue is based on USD reported revenue, and fluctuations caused by changes in foreign currency exchange rates and hedge gains or losses have not been eliminated. Recurring Revenue related to acquired companies, one year after acquisition, has been captured as existing customers until such data conforms to the calculation methodology. This may cause variability in the comparison. Other Revenue: Consists of revenue from consulting, and other products and services, and is recognized as the products are delivered and services are performed. Product Subscription: Provides customers a flexible, cost-effective way to access and manage 3D design, engineering, and entertainment software tools. Our product subscriptions currently represent a hybrid of desktop and cloud functionality, which provides a device-independent, collaborative design workflow for designers and their stakeholders. Recurring Revenue: Consists of the revenue for the period from our traditional maintenance plans, our subscription plan offerings, and certain Other revenue. It excludes subscription revenue related to third-party products. Recurring revenue acquired with the acquisition of a business is captured when total subscriptions are captured in our systems and may cause variability in the comparison of this calculation. Remaining Performance Obligations (RPO): The sum of total short-term, long-term, and unbilled deferred revenue. Current remaining performance obligations is the amount of revenue we expect to recognize in the next twelve months. Solution Provider : Solution Provider is the name of our channel partners who primarily serve our new transaction model customers worldwide. Solution Providers may also be resellers in relation to Autodesk solutions. Spend : The sum of cost of revenue and operating expenses. Subscription Plan: Comprises our term-based product subscriptions, cloud service offerings, and EBAs. Subscriptions represent a combined hybrid offering of desktop software and cloud functionality which provides a device-independent, collaborative design workflow for designers and their stakeholders. With subscription, customers can use our software anytime, anywhere, and get access to the latest updates to previous versions. Subscription Revenue: Includes our cloud-enabled term-based product subscriptions, cloud service offerings, and flexible EBAs. Unbilled Deferred Revenue: Unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans for subscription, services, and maintenance for which the associated deferred revenue has not been recognized. Under FASB Accounting Standards Codification ("ASC") Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Condensed Consolidated Balance Sheet. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Our estimates as to tax rate are based on current interpretations of existing tax law and could be affected by changing interpretations, further guidance, and additional tax legislation. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. About Autodesk The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk uses its investors.autodesk.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. Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. © 2024 Autodesk, Inc. All rights reserved.None
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BEIJING , Nov. 21, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, recently announced it has completed autumn upgrade. Driven by both technological development and market demands, the audio and video technology service market has entered a period of intensive cultivation and development. Baijiayun recently announced that it has carried out an important upgrade to its live and on-demand products, aiming to enhance the quality of live and on-demand products and provide customers with more targeted services. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.