Broadridge Tailored Shareholder Report Solution Wins Nicsa NOVA Innovation in Operations Award
Like clockwork, ( ) delivered another round of explosive growth in its , but investors seemed to be missing the most impressive part of the performance. The company didn't mention it in the earnings call or press release, consigning it instead to the "CFO Commentary" section of its earnings report. By now, most investors know that the data centre segment is driving Nvidia's growth. While Nvidia's business spans everything from gaming to autonomous vehicles to visualisation tools like the Omniverse, its success in the data centre business, driven by the explosive growth of , has stolen the narrative and now makes up the vast majority of Nvidia's revenue. While overall revenue in the fiscal 2025 third quarter jumped 94% from a year ago to $35.1 billion, growth in the data centre segment was even stronger, climbing 112% from a year ago to $30.8 billion. However, Nvidia breaks down its data centre revenue into two categories. It brings in revenue from "networking" and "compute." Compute refers to the components that run applications on a server, such as processors and memory chips. Networking includes components like switches and routers that provide the connectivity and the security needed for the applications to run. AI training and inference are driven by the compute components so it makes sense that compute makes up the bulk of that revenue. Data centre networking revenue in the third quarter grew just 20% year over year to $3.1 billion, while data centre compute revenue was up 132% to $27.6 billion. The data centre compute figure looks like the best reflection of the underlying growth in Nvidia's business, even with the discrepancy between as the company said several times on the earnings call that the business is supply-constrained and it expects those constraints to continue for the next several quarters, especially on the Blackwell platform. Data centre compute revenue also grew 22% sequentially, above 17% overall sequential growth for the whole company. and 17% sequential growth in the data centre. The chart below shows the performance in data centre compute revenue over the last several quarters. The data centre compute platform is at the core of Nvidia's AI offering. It accelerates the most compute-intensive workloads, and it includes a wide range of products such as APIs, software development kits (SDKs), its DGX Cloud, which is an AI training-as-a-service platform, and GPUs, DPUs, and AI enterprise software. All of that makes it very difficult to compete with Nvidia and helps explain why the data centre business is growing so fast. Revenue growth is heating up The other telling data point in the table above is that while Nvidia's year-over-year revenue growth in the data centre compute segment continued to decelerate, sequential revenue growth, which is arguably a better barometer of growth, accelerated from 17% to 22%, lifting a similar acceleration in overall revenue from 15% to 17%. Sequential growth of 22% would translate to a 122% year-over-year growth rate if the business grew at that pace over four quarters. Given the and management's commentary about demand outstripping supply for the next several quarters, the company could maintain a growth rate similar to that over the next year. What's next for Nvidia? Nvidia stock fell slightly on the earnings report. Investors seemed to think guidance was underwhelming as the company called for year-over-year revenue growth to slow to 70% in the fourth quarter, with the top line reaching $37.5 billion, plus or minus 2%. However, Nvidia has a long history of topping its guidance, and it looks like a good bet to do so again in the fourth quarter, given the scorching growth from the data centre compute business and locked-in demand for its Blackwell platform. Don't be surprised to see Nvidia top that forecast again three months from now. The business is on fire. It continues to deliver stellar results, and there's little in the way to slow it down.
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JERUSALEM — Israel approved a United States-brokered with Lebanon's Hezbollah on Tuesday, setting the stage for an end to nearly 14 months of fighting linked to the ongoing war in the Gaza Strip. In the hours leading up to the Cabinet meeting, Israel carried out its most intense wave of strikes in Beirut and its southern suburbs and issued a record number of evacuation warnings. At least 24 people were killed in strikes across the country, according to local authorities, as Israel signaled it aims to keep pummeling Hezbollah in the final hours before any ceasefire takes hold. Israel's security Cabinet approved the ceasefire agreement late Tuesday after it was presented by Prime Minister Benjamin Netanyahu, his office said. U.S. President Joe Biden, speaking in Washington, called the agreement “good news” and said his administration would make a renewed push for a ceasefire in Gaza. An Israel-Hezbollah ceasefire would mark the first major step toward ending the regionwide unrest triggered by Hamas’ attack on Israel on Oct. 7, 2023. But it does not address the devastating war in Gaza. U.S. President-elect Donald Trump has vowed to bring peace to the Middle East, but neither he nor Netanyahu have proposed a postwar solution for the Palestinian territory, where Hamas is still holding dozens of hostages and the conflict is more intractable. Still, any halt to the fighting in Lebanon is expected to reduce the likelihood of war between Israel and Iran, which backs both Hezbollah and Hamas and exchanged direct fire with Israel on two occasions earlier this year. Smoke rises following an Israeli airstrike on Dahiyeh, in Beirut, Lebanon, Tuesday, Nov. 26, 2024. Netanyahu presented the ceasefire proposal to Cabinet ministers after a televised address in which he listed a series of accomplishments against Israel’s enemies across the region. He said a ceasefire with Hezbollah would further isolate Hamas in Gaza and allow Israel to focus on its main enemy, Iran, which backs both groups. “If Hezbollah breaks the agreement and tries to rearm, we will attack,” he said. “For every violation, we will attack with might.” Netanyahu's office later said Israel appreciated the U.S. efforts in securing the deal but "reserves the right to act against every threat to its security.” It was not immediately clear when the ceasefire would go into effect, and the exact terms of the deal were not released. The deal calls for a two-month initial halt in fighting and would require Hezbollah to end its armed presence in a broad swath of southern Lebanon, while Israeli troops would return to their side of the border. would deploy in the south, and an international panel headed by the United States would monitor all sides’ compliance. But implementation remains a major question mark. Israel has demanded the right to act should Hezbollah violate its obligations. Lebanese officials have rejected writing that into the proposal. Biden said Israel reserved the right to quickly resume operations in Lebanon if Hezbollah breaks the terms of the truce, but that the deal "was designed to be a permanent cessation of hostilities.” Hezbollah has said it accepts the proposal, but a senior official with the group said Tuesday that it had not seen the agreement in its final form. “After reviewing the agreement signed by the enemy government, we will see if there is a match between what we stated and what was agreed upon by the Lebanese officials,” Mahmoud Qamati, deputy chair of Hezbollah’s political council, told the Al Jazeera news network. “We want an end to the aggression, of course, but not at the expense of the sovereignty of the state” of Lebanon, he said. “Any violation of sovereignty is refused.” In this screen grab image from video provide by the Israeli Government Press Office, Israeli Prime Minister Benjamin Netanyahu makes a televised statement Tuesday, Nov. 26, 2024, in Jerusalem, Israel. Even as Israeli, U.S, Lebanese and international officials have expressed growing optimism over a ceasefire, Israel has continued its campaign in Lebanon, which it says aims to cripple Hezbollah’s military capabilities. An Israeli strike on Tuesday leveled a residential building in the central Beirut district of Basta — the second time in recent days warplanes have hit the crowded area near the city’s downtown. At least seven people were killed and 37 wounded, according to Lebanon's Health Ministry. Strikes on Beirut's southern suburbs killed at least one person and wounded 13, it said. Three people were killed in a separate strike in Beirut and three in a strike on a Palestinian refugee camp in southern Lebanon. Lebanese state media said another 10 people were killed in the eastern Baalbek province. Israel says it targets Hezbollah fighters and their infrastructure. Israel also struck a building in Beirut's bustling commercial district of Hamra for the first time, hitting a site that is around 400 meters (yards) from Lebanon’s Central Bank. There were no reports of casualties. The Israeli military said it struck targets in Beirut and other areas linked to Hezbollah's financial arm. The evacuation warnings covered many areas, including parts of Beirut that previously have not been targeted. The warnings, coupled with fear that Israel was ratcheting up attacks before a ceasefire, sent residents fleeing. Traffic was gridlocked, and some cars had mattresses tied to them. Dozens of people, some wearing their pajamas, gathered in a central square, huddling under blankets or standing around fires as Israeli drones buzzed loudly overhead. Hezbollah, meanwhile, kept up its rocket fire, triggering air raid sirens across northern Israel. Israeli military spokesman Avichay Adraee issued evacuation warnings for 20 buildings in Beirut's southern suburbs, where Hezbollah has a major presence, as well as a warning for the southern town of Naqoura where the U.N. peacekeeping mission, UNIFIL, is headquartered. UNIFIL spokesperson Andrea Tenenti told The Associated Press that peacekeepers will not evacuate. A police bomb squad officer inspects the site where a rocket fired from Lebanon landed in a backyard in Kiryat Shmona, northern Israel, Tuesday Nov. 26, 2024. The Israeli military also said its ground troops clashed with Hezbollah forces and destroyed rocket launchers in the Slouqi area on the eastern end of the Litani River, a few kilometers (miles) from the Israeli border. Under the ceasefire deal, Hezbollah would be required to move its forces north of the Litani, which in some places is about 30 kilometers (20 miles) north of the border. Hezbollah began firing into northern Israel, saying it was showing support for the Palestinians, a day after Hamas carried out its Oct. 7, 2023, attack on southern Israel, triggering the Gaza war. Israel returned fire on Hezbollah, and the two sides have been exchanging barrages ever since. Israel escalated its campaign of bombardment in mid-September and later sent troops into Lebanon, vowing to put an end to Hezbollah fire so tens of thousands of evacuated Israelis could return to their homes. More than 3,760 people have been killed by Israeli fire in Lebanon the past 13 months, many of them civilians, according to Lebanese health officials. The bombardment has driven 1.2 million people from their homes. Israel says it has killed more than 2,000 Hezbollah members. Hezbollah fire has forced some 50,000 Israelis to in the country’s north, and its rockets have reached as far south in Israel as Tel Aviv. At least 75 people have been killed, more than half of them civilians. More than 50 Israeli soldiers have died in the ground offensive in Lebanon. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Stay up-to-date on the latest in local and national government and political topics with our newsletter.None
The Golden Knights have played the Edmonton Oilers enough times to know what to expect. But even this version of the Oilers is a head-scratcher. The Pacific Division rivals meet for the second time this season Tuesday at T-Mobile Arena, with the Knights looking to bounce back from their 6-0 loss to the Utah Hockey Club on Saturday, the worst home defeat in team history. Fresh off their first full practice in two weeks and with the grueling part of their schedule nearly behind them, the Knights (15-7-3) face another tall task Tuesday. They’ll try to slow down Connor McDavid and Leon Draisaitl on the first leg of a back-to-back. “It’s a big opportunity to bounce back and try to get on the winning track again,” center William Karlsson said. “A very good team coming in. I feel like, in the past, we’ve been good against good teams, and we’re hoping that’s the case again, as well.” McDavid (32 points) and Draisaitl (31) are still the cogs in the Oilers’ machine that make it go. Those two would normally be leading a high-powered offense, but right now, that’s not the case. Edmonton (13-9-2) is 17th in the league in scoring at 3.0 goals per game. That’s not a familiar sight to anyone watching the Oilers, who last season had the fourth-highest scoring offense in the league. The Oilers are playing more out of their defense under coach Kris Knoblauch since he took over early last season. The change in defensive coverages and keeping the defensemen more in front of the net helped them reach the Stanley Cup Final last season. “Other than that, offensively, they’re still a team that’s dangerous on the rush,” Knights coach Bruce Cassidy said. “They defend the rush well and transition from it.” The offense has come alive during the Oilers’ three-game winning streak, outscoring opponents 14-6. The Knights did a good job containing Edmonton’s rush in the last meeting Nov. 6, a 4-2 win at Rogers Place. It was one of the rare games in which neither McDavid nor Draisaitl had a point. A push is expected from Edmonton, which is 8-3-1 on the road this season. Karlsson is expected to draw the defensive assignment of McDavid. “It’s exciting, but also scary at the same time,” Karlsson said. “You’ve just got to be aware at all times. It’s tough, but you want to play against the best.” Projected lineup Ivan Barbashev — Jack Eichel — Pavel Dorofeyev Tomas Hertl — Nicolas Roy — Keegan Kolesar Brett Howden — William Karlsson — Victor Olofsson Tanner Pearson — Cole Schwindt — Alexander Holtz Brayden McNabb — Shea Theodore Noah Hanifin — Alex Pietrangelo Nicolas Hague — Kaedan Korczak Adin Hill Up next Who: Oilers at Golden Knights When: 7 p.m. Tuesday Where: T-Mobile Arena TV: ESPN+, Hulu Radio: KKGK (1340 AM, 98.9 FM) Line: Oilers -130, total 61⁄2 This is a developing story. Check back for updates.Is Enron back? If it’s a joke, some former employees aren’t laughing
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NEW YORK (AP) — A Russian woman with permanent U.S. residency who was returned to the United States after authorities said she sneaked on board a flight from New York to Paris made her first appearance in court Thursday, claiming she has been abused. Svetlana Dali, wearing jeans, seemed agitated as she spoke through a Russian interpreter to her attorney during a brief appearance before a Brooklyn magistrate judge. Her lawyer, Michael Schneider, said she claims she was poisoned after arriving in Paris and then was returned to the United States despite requesting asylum there. She also claimed through Schneider that her treatment at the Metropolitan Detention Center in Brooklyn amounted to torture after she was placed in a “very cold” room where she felt sick and eventually lost consciousness. “She believes if she’s staying at the MDC, her life will be in danger,” Schneider said. When he told Magistrate Judge Robert M. Levy that she was requesting a spectrometer be used to test her blood and determine if she had been poisoned, the judge responded that he’s “not sure” the device was in the jail’s commissary. RELATED COVERAGE Olympics leader Bach talks up working with President-elect Trump toward 2028 Los Angeles Games US first lady Jill Biden in the capital of the United Arab Emirates on her last solo foreign trip France’s Macron vows to stay in office till end of term, says he’ll name a new prime minister soon She will be housed in the federal lockup a second night after lawyers agreed to postpone a bail hearing until Friday so enough information could be gathered to create a bail package. Assistant U.S. Attorney Brooke Theodora said the government’s chief concern was that Dali was a risk of flight. She did not protest when Schneider said the single federal stowaway charge she faced was a “minor charge” comparable to being arrested for jumping a turnstyle to enter the city’s subway system. A criminal complaint filed in Brooklyn federal court said Dali admitted to an FBI agent who interviewed her when she returned to Kennedy International Airport on Wednesday that she flew to Paris as a stowaway on a Delta Air Lines flight on Nov. 26. The complaint said airport surveillance footage showed that she was initially rebuffed by a Transportation Security Administration official because she lacked a boarding pass when she first tried to enter Kennedy’s Terminal 4. Five minutes later, she successfully accessed the security screening machines without a boarding pass by entering a special lane for airline employees at the same time that a large Air Europa flight crew walked through, the complaint said. It said she got onto the Delta flight without presenting a boarding pass as airline agents who were helping other ticketed passengers board failed to stop her or ask her to present a boarding pass. Once on the flight but before it landed at Charles de Gaulle Airport, Delta employees realized she was not authorized to be on the plane and asked for her boarding pass, which she could not provide, the complaint said. When the plane landed in Paris early on Nov. 27, French law enforcement met her at the gate and detained her before she entered customs, it said. During her interview with U.S. law enforcement, Dali was shown images from airport security showing her bypassing TSA officials and Delta employees. The complaint said she confirmed the images were of her and “also stated that she knew her conduct was illegal.” In a statement, Delta Air Lines thanked French and U.S. authorities for their assistance and said a review had concluded that its security infrastructure was “sound and that deviation from standard procedures is the root cause of this event.” It added: “We are thoroughly addressing this matter and will continue to work closely with our regulators, law enforcement and other relevant stakeholders. Nothing is of greater importance than safety and security.”None