777pub.c
UK to join US-Bahrain Middle East security agreementAs the dust settles on the announcement of Sora's arrival, it is clear that dreams have finally come true for fans of both Kingdom Hearts and Super Smash Bros. The long-awaited crossover between these two beloved franchises is now a reality, and the gaming world is abuzz with anticipation for Sora's official debut in Super Smash Bros. Ultimate.
Dell Technologies ' ( DELL -1.33% ) remarkable stock market rally came to a halt after the company released fiscal 2025 third-quarter results (for the three months ended Nov. 1) on Nov. 26, with shares of the technology giant that's known for its personal computer (PC) and server solutions dropping more than 12% in a single day. It wasn't surprising to see investors pressing the panic button following Dell's results. The stock has delivered outstanding gains so far this year thanks to its improving financial performance. Moreover, Dell's growing artificial intelligence (AI) credentials have led to heightened expectations from the company. So, when Dell failed to deliver the numbers that Wall Street was looking for, the stock dropped big time. However, this looks like an opportunity for savvy investors to buy a solid AI stock on the cheap. Let's look at the reasons why. The PC market is weighing Dell down, but investors shouldn't miss the bigger picture Dell reported fiscal third-quarter revenue of $24.4 billion, an increase of 10% from the year-ago quarter. The company's non-GAAP (adjusted) earnings increased 14% year over year to $2.15 per share. Dell's top line missed the midpoint of its quarterly revenue guidance of $24 billion to $25 billion in revenue by a whisker. Analysts had set the bar even higher and were expecting Dell to deliver $24.7 billion in revenue. However, the company did beat the $2.06 earnings estimate comprehensively. Dell followed up its mixed quarterly numbers with weaker-than-expected guidance. The company is expecting fiscal Q4 revenue to land at $24.5 billion at the midpoint, which would be an increase of 10% from the year-ago quarter. Analysts, however, were looking for $25.6 billion in revenue from Dell. The slower-than-expected recovery in the PC market was a key factor behind Dell's lower-than-expected guidance. PC shipments in the third quarter of 2024 were down 2.4% from the prior-year period, according to market research firm IDC. Dell's shipments were down 4% year over year. This explains why the company's revenue from the client solutions group (CSG), through which it sells desktops, notebooks, workstations, and other PC-related hardware, fell 1% year over year to $12.1 billion. Though Dell's commercial PC revenue increased 3% from the year-ago period to $10.1 billion, slower-than-expected growth in consumer PCs weighed on this segment. Dell points out that the PC refresh cycle has moved into 2025, and that's the reason why its CSG business may take some time to step on the gas. However, Dell is confident of a turnaround in the consumer PC space, pointing out that tailwinds such as "an aging install base, AI-driven hardware enhancements like battery life, and Windows 10 end of life" are likely to inject some momentum into this market. The growing adoption of AI PCs, in particular, is expected to play a key role in this market's turnaround. Gartner estimates that AI PC shipments could increase an impressive 165% in 2025 to 114 million units, accounting for 43% of the overall market. So, there is a good chance that Dell will start witnessing growth in the CSG business next year. At the same time, investors shouldn't forget that the demand for Dell's servers is increasing at an incredible pace thanks to AI. The strong demand for Dell's AI servers led to a 34% year-over-year increase in the company's revenue from the infrastructure solutions group (ISG) business to $11.4 billion. Sales of the company's servers and networking solutions shot up 58% to $7.4 billion. The company sold $2.9 billion worth of AI servers last quarter. More importantly, the demand for those servers was even stronger as it received a record $3.6 billion worth of orders for AI servers last quarter. Dell management also pointed out that its revenue pipeline of AI servers for the next five quarters increased by more than 50% on a sequential basis. Looking ahead, AI servers should continue to move the needle in a significant way for Dell. That's because the market for AI servers is expected to clock an annual growth rate of 30% through 2033, generating an annual revenue of $430 billion at the end of the forecast period. The valuation makes buying Dell stock a no-brainer Dell's latest quarterly results may have evoked mixed emotions among investors, but the discussion above tells us that the company has terrific long-term prospects thanks to the growing adoption of AI in the server and PC markets. That's the reason why buying Dell stock right now looks like a smart thing to do. After all, Dell is trading at 22 times trailing earnings and 14 times forward earnings . Those multiples are lower than the tech-heavy Nasdaq-100 index's 32 times trailing earnings and 29 times forward earnings. As the chart below tells us, Dell is expected to clock healthy double-digit earnings growth going forward. DELL EPS Estimates for Current Fiscal Year data by YCharts It won't be surprising to see the stock sustaining this momentum for a longer period, considering the lucrative AI-related addressable markets that it is serving, which is why investors looking to buy an AI stock right now that's trading at an attractive valuation should take a closer look at Dell before it regains its mojo.
'I can't pay my bills!': Rudy Giuliani's court outburst
WASHINGTON – Military leaders are rattled by a list of “woke” senior officers that a conservative group urged Pete Hegseth to dismiss for promoting diversity in the ranks if he is confirmed to lead the Pentagon. The list compiled by the American Accountability Foundation includes 20 general officers or senior admirals and a disproportionate number of female officers. It has had a chilling effect on the Pentagon’s often frank discussions as leaders try to figure out how to address the potential firings and diversity issues under President-elect Donald Trump. Recommended Videos Those on the list in many cases seem to be targeted for public comments they made either in interviews or at events on diversity, and in some cases for retweeting posts that promote diversity. Tom Jones, a former aide to Republican senators who leads the foundation, said Friday that those on the list are “pretty egregious” advocates for diversity, equity and inclusion, or DEI, policies, which he called problematic. “The nominee has been pretty clear that that has no place in the military,” Jones said of Hegseth. Hegseth has embraced Trump’s effort to end programs that promote diversity in the ranks and fire those who reflect those values. Other Trump picks, like Kash Patel for FBI director, have suggested targeting those in government who are not aligned with Trump. But Hegseth has been fighting to save his nomination as he faces allegations of excessive drinking and sexual assault and over his views questioning the role of women in combat. He spent the week on Capitol Hill trying to win the support of Republican senators, who must confirm him to lead the Pentagon, doing a radio interview and penning an opinion column. Some service members have complained in the past about the Pentagon's DEI programs, saying they add to an already heavy workload. The Pentagon still has a long way to go in having a general officer corps or specialty occupations such as pilots that have a racial and gender makeup reflective of the country. A defense official who spoke on condition of anonymity because of the sensitivity of the list said senior leaders are hoping that once Trump is sworn in, they will be able to discuss the issue further. They are prepared to provide additional context to the incoming administration, the official told The Associated Press, which is not publishing the names to protect service members’ privacy. Former Defense Secretary Chuck Hagel said Friday that the list would have “considerable, wide and deep consequences.” He said when military members see people singled out, they will start focusing on their own survival rather than the mission or their job. “You will drive people out,” Hagel said. “It affects morale as widely and deeply as anything — it creates a negative dynamic that will trickle through an organization." The list, which was first reported by The New York Post, includes nine Air Force general officers, seven Navy admirals of different ranks and four Army general officers. Eight of those 20 are women even though only 17% of the military is female. None are Marines. One female Navy officer was named because she gave a speech at a 2015 Women’s Equality Day event, where she noted that 80% of Congress is male, which affects what bills move forward. The officer also was targeted because she said “diversity is our strength.” The phrase is a widely distributed talking point that officers across the Pentagon have used for years to talk about the importance of having a military that reflects different educational, geographic, economic, gender and racial backgrounds in the country. An Air Force colonel, who is white, was called out for an opinion piece he wrote following the death of George Floyd, saying, “Dear white colonel, we must address our blind spots about race.” A female Air Force officer was targeted because of “multiple woke posts” on her X feed, including a tweet about LGBTQ rights, one about “whiteness” and another about honoring the late Supreme Court Justice Ruth Bader Ginsburg on a stamp. Another female Air Force officer was on the list because she “served as a panelist for a diversity, equity and inclusion” discussion in 2021. The list names an Army officer who traveled to 14 historically Black colleges to expand the military’s intelligence recruitment efforts, and an Air Force officer partly because he co-chairs the Asian-Pacific Islander subgroup of the service’s diversity task force. Karoline Leavitt, a spokeswoman for the Trump transition team, said in a statement that “No policy should be deemed official unless it comes directly from President Trump.” But in an interview Wednesday for Megyn Kelly’s SiriusXM satellite radio show, Hegseth said Trump told him he wanted a “warfighter” who would clean out the “woke crap.” Hegseth got a boost Friday from Trump, who posted on his social media site that Hegseth “will be a fantastic, high energy, Secretary of Defense.” The president-elect added that “Pete is a WINNER, and there is nothing that can be done to change that!!!” Jones told the AP in June that his American Accountability Foundation was investigating scores of federal employees suspected of being hostile to Trump's policies. The work aligns with the Heritage Foundation’s far-reaching Project 2025 blueprint for a conservative administration. A letter Jones sent to Hegseth containing the list, dated Tuesday, says “purging the woke from the military is imperative.” The letter points to tensions with Iran, Russia and China and says “we cannot afford to have a military distracted and demoralized by leftist ideology. Our nation’s security is at stake.” Conservatives view the federal workforce as overstepping its role to become a power center that can drive or thwart a president’s agenda. During the first Trump administration, government officials came under attack from the White House and congressional Republicans, as Trump's own Cabinet often raised objections to some of his more singular or even unlawful proposals. ___ AP writer Courtney Bonnell contributed from Washington.By emphasizing the need to stabilize the real estate and stock markets, the new policy directive recognizes the significant role these sectors play in the overall economy. Real estate and stock markets are closely intertwined with consumer confidence, investment levels, and overall economic growth. Sudden fluctuations in these markets can lead to widespread instability and undermine long-term economic prospects. Therefore, ensuring stability in these sectors is paramount for sustaining economic momentum and investor confidence.
A search for a convicted murderer in a California town has put residents on edge, with schools closing and Christmas events being postponed Cesar Hernandez, who was sentenced in 2019 to 80 years to life with the possibility of parole for first-degree murder, escaped Monday morning shortly after arriving at the Kern County courthouse in Delano, a city of around 50,000 in central California. As of Thursday, he had still not been found. He was being transported to appear in court after pleading no contest to manufacturing a weapon and possessing alcohol or drugs in prison when he evaded staff and jumped out of the van, officials said. “Hernandez is considered dangerous,” Delano police said in a social media post. “If you see him, do not approach.” Cesar Guzmán, 32, was only blocks away at his barber shop from the intersection where Hernandez escaped. It’s been the “number one topic at the shop” since. “Everyday we talk about it,” Guzmán said. “The clients are, they’re scared because they haven’t found him. We’re really close to where it happened.” Delano has been inundated with a heavy law enforcement presence since Hernandez’s escape, with police knocking on doors and helicopters whirring overhead. Guzmán said it’s the first time something like this has happened in the town, where he has lived his whole life. Several local schools locked down Monday, and they remained closed through Thursday as the search continued, local school districts posted on Facebook. The city postponed its tree-lighting ceremony originally scheduled for Wednesday, and the Delano Chamber of Commerce delayed its annual Christmas parade scheduled for Thursday night. Hernandez remaining at large puts a damper on the festivities, which Guzmán and his family have attended every year. “Honestly, now we’re kind of like, ‘How can he get away from them? What the heck happened?’" Guzmán said. Hernandez, 34, was convicted of shooting a man after leaving a bar in south Los Angeles, according to appellate court filings. He had gotten into a “heated argument” with his girlfriend at the bar earlier that night and was looking for her after she left. The victim was at the bar but did not have contact with either Hernandez or his girlfriend, the filings said. As the man drove away from the bar in his pickup truck, Hernandez was seen following him in his car before getting out to shoot him. It's unclear from the filings what motivated the shooting. Hernandez was last seen wearing an orange top and pants. He is 5 feet, 5 inches tall, weighs about 160 pounds, and has brown eyes and black hair. He was transferred from Los Angeles County in June 2019. Anyone who sees Hernandez or has knowledge of his location is asked to contact law enforcement or call 911. On the other side of the country, another search was underway for the man who gunned down United Healthcare CEO Brian Thompson in New York on Monday. Police were following tips related to his whereabouts, including searching two hostels where the man may have stayed.- Raising the mid-points of billings, revenue, margins, earnings per share, and free cash flow guidance ranges. - 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 "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 Third Quarter Fiscal 2025 Business Highlights Net Revenue by Geographic Area Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year Constant currency change compared to prior fiscal year (In millions, except percentages) $ % % Net Revenue: Americas U.S. $ 579 $ 520 $ 59 11 % * Other Americas 126 120 6 5 % * Total Americas 705 640 65 10 % 11 % EMEA 580 516 64 12 % 13 % APAC 285 258 27 10 % 14 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % 12 % ____________________ * Constant currency data not provided at this level. 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"). Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year (In millions, except percentages) $ % AEC $ 751 $ 675 $ 76 11 % AutoCAD and AutoCAD LT 398 372 26 7 % MFG 307 269 38 14 % M&E 83 73 10 14 % Other 31 25 6 24 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % 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 Q4 FY25 Guidance Metrics Q4 FY25 (ending January 31, 2025) Revenue (in millions) $1,623 - $1,638 EPS GAAP $1.21 - $1.27 EPS non-GAAP (1) $2.10 - $2.16 ____________________ (1) Non-GAAP earnings per diluted share excludes $0.85 related to stock-based compensation expense, $0.17 for the amortization of both purchased intangibles and developed technologies, and $0.05 for acquisition-related costs, partially offset by ($0.18) related to GAAP-only tax charges. Full Year Fiscal 2025 FY25 Guidance Metrics FY25 (ending January 31, 2025) Billings (in millions) $5,900 - $5,980 Up 14% - 15% Revenue (in millions) (1) $6,115 - $6,130 Up approx. 11% GAAP operating margin 21.5% - 22% Non-GAAP operating margin (2) 35.5% - 36% EPS GAAP $4.95 - $5.01 EPS non-GAAP (3) $8.29 - $8.35 Free cash flow (in millions) (4) $1,470 - $1,500 ____________________ (1) Excluding the impact of foreign currency exchange rates and hedge gains/losses, revenue guidance range would be approximately 1 percentage point higher. (2) Non-GAAP operating margin excludes approximately 11% related to stock-based compensation expense, approximately 2% for the amortization of both purchased intangibles and developed technologies, and approximately 1% related to acquisition-related costs. (3) Non-GAAP earnings per diluted share excludes $3.15 related to stock-based compensation expense, $0.61 for the amortization of both purchased intangibles and developed technologies, $0.23 related to acquisition-related costs, and $0.04 related to losses on strategic investments, partially offset by ($0.69) related to GAAP-only tax charges. (4) Free cash flow is cash flow from operating activities less approximately $30 million of capital expenditures. 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. Autodesk, Inc. Condensed Consolidated Statements of Operations (In millions, except per share data) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) Net revenue: Subscription $ 1,457 $ 1,314 $ 4,195 $ 3,777 Maintenance 9 12 31 40 Total subscription and maintenance revenue 1,466 1,326 4,226 3,817 Other 104 88 266 211 Total net revenue 1,570 1,414 4,492 4,028 Cost of revenue: Cost of subscription and maintenance revenue 105 94 305 285 Cost of other revenue 19 21 57 62 Amortization of developed technologies 23 12 62 34 Total cost of revenue 147 127 424 381 Gross profit 1,423 1,287 4,068 3,647 Operating expenses: Marketing and sales 525 439 1,474 1,344 Research and development 378 339 1,092 1,021 General and administrative 161 165 477 438 Amortization of purchased intangibles 13 10 37 31 Total operating expenses 1,077 953 3,080 2,834
Despite the mutual interest between Neymar and Barcelona, the stumbling block remains the issue of registration. With Financial Fair Play regulations and squad limitations to consider, Barcelona must navigate a complex set of circumstances to secure Neymar's return. The player himself is keen to avoid a repeat of the uncertainty and legal battles that marred his departure from Barcelona in 2017.
NoneService Robotics Market to Grow by USD 90.41 Billion (2024-2028), Driven by Robotic Automation Demand, Report Highlights AI-Powered Market Evolution - Technavio
The outpouring of generosity did not stop there. Numerous local businesses stepped up to offer Jack a job, recognizing his strong work ethic and determination to support his sister. With a steady income from his new job, Jack was able to provide a stable home for Lily and ensure that her needs were met.Looking ahead to the future, the real estate market in Jiangsu Province is poised for further growth and development, with opportunities abound for enterprises to excel and showcase their capabilities. As competition intensifies and market dynamics evolve, enterprises will need to stay abreast of the latest trends, technologies, and consumer preferences to maintain their leadership positions and drive sustained growth.Eli Lilly is spending another $3 billion to bulk up manufacturing as the drugmaker seeks to stoke production of some blockbuster drugs and future products. Lilly said Thursday it will expand a Kenosha County, Wisconsin, factory it bought early this year, and the investment will help meet growing demand for injectable products like its diabetes and obesity drugs, Mounjaro and Zepbound. Those drugs brought in a combined $4.4 billion in sales for Lilly in this year’s third quarter. The drugmaker plans to start construction of the expansion next year. Lilly also announced other multibillion-dollar manufacturing expansion projects near its Indianapolis headquarters earlier this year. Eli Lilly and Co. said Thursday that it has slated more than $23 billion to construct, expand or acquire manufacturing sites worldwide since 2020. The Nov. 29 print edition of The Business Journal included The huge rally for U.S. stocks lost momentum on Thursday Eli Lilly is spending another $3 billion to bulk up Known across the globe as the stuck astronauts, Butch Wilmore
Calvert Hall football coach Josh Ward steps downIn the southern city of Nanning, a city management officer was surrounded and slapped by a man, and the incident quickly escalated into a confrontation. The provocative behavior of the man attracted a crowd of onlookers and led to a violent altercation.
Huawei unveils HarmonyOS Next, its 1st Android-free operating systemAnaxi Labs And Carnegie Mellon University’s CyLab Unveil a Breakthrough Proof System