
The Government has announced it is doubling funds to support workers and businesses affected by job losses at a giant Tata steel plant. Ministers said an extra £15 million will be made available for supply chain businesses and workers affected by changes at Tata’s Port Talbot site in south Wales. Welsh Secretary Jo Stevens said the move means a fund to support businesses across Wales heavily reliant on Tata steel will be increased to £30 million. She also announced that more businesses will be able to apply for the funds, and the value of individual grants is increasing to up to £250,000 for businesses to invest in equipment, property, technology. The Government said there has been “significant demand” on the existing funding, with almost 40 businesses employing 2,000 people having begun the application process. Grants worth millions of pounds are expected to be released in the new year. The increase in funding is in anticipation of more people leaving Tata in early 2025 through the company’s voluntary redundancy scheme. Ms Stevens said: “This Government is acting decisively to support workers and businesses in Port Talbot. “We are doubling the funding available to businesses and workers and widening access to grants to ensure we support as many people as possible. “In just four months we have announced more than £40 million in investment. We said we would back workers and businesses affected by the transition at Port Talbot and we are doing exactly that. “While this remains a very difficult time for Tata workers, their families and the community, we are determined to support workers and businesses in our Welsh steel industry, whatever happens.”
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Mongrel Mob farewells 'Heil Dogg' in Hawke's Bay tangiSUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Ooma Inc. (OOMA) on Wednesday reported a loss of $2.4 million in its fiscal third quarter. The Sunnyvale, California-based company said it had a loss of 9 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 17 cents per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. The internet phone service provider posted revenue of $65.1 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $64.3 million. For the current quarter ending in January, Ooma expects its per-share earnings to range from 16 cents to 17 cents. The company said it expects revenue in the range of $64.6 million to $65.1 million for the fiscal fourth quarter. Ooma expects full-year earnings in the range of 61 cents to 62 cents per share, with revenue ranging from $256.3 million to $256.8 million. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on OOMA at https://www.zacks.com/ap/OOMAIf there were any illusions about North Korean troops being up to par with the demands of modern warfare, their experience in the Russia-Ukraine conflict have apparently brought those to a bitter end. According to multiple reports, at least 100 of the 10,000 North Korean troops deployed to Russia to help fight in the conflict have been killed in combat. Another nearly 1,000 have been injured, a lawmaker disclosed on Thursday, according to . The lawmaker, Lee Seong-kweun, made the statement following a briefing by the country’s National Intelligence Service to the nation’s parliament. “There was a report that there have been at least 100 deaths and the injured are approaching 1,000,” he said. Moreover, the deaths and injuries were due to the untrained nature of the troops, according to a report in the . “The heavy losses were caused by North Korean soldiers’ lack of experience in drone warfare and their unfamiliarity with open terrain,” the paper said of Lee’s briefing. “Some North Korean generals might be among the casualties and the Russian military has allegedly described North Korean soldiers as ‘burdens’ on the battlefield due to their ignorance of drones, Mr Lee said.” At least 50 of the troops who were killed, Ukrainian Special Operations Forces said, perished in an operation disclosed via social media app on Dec. 17, South Korea’s reported. “Soldiers of the 8th Regiment of the SSO of the Armed Forces of Ukraine organized a warm welcome for North Korean troops in the Kursk region,” they said in a caption accompanying a video of the drones targeting the soldiers. “The video, around one minute and seven seconds long, shows Ukrainian drones conducting over 20 bomb attacks on soldiers presumed to be North Korean,” the paper reported. “The footage captures soldiers crossing a snow-covered field before being struck by drones. Several are seen fleeing the attacks, one unsuccessfully taking cover behind a tree and others carrying away the bodies of the dead.” “North Korean troops began launching large-scale assault operations against Ukrainian forces in Russia’s Kursk region last week,” Kyrylo Budanov, head of Defense Intelligence Directorate, told U.S. outlet The War Zone, per Chosun Daily. He claimed that during these operations, over 200 of the North Korean soldiers had been killed. Whether the discrepancy is due to asymmetrical information from intelligence services or Ukraine’s willingness to use losses to propagandize is a matter best left to those with top-secret clearance, although Lee did note that U.S. intelligence sources have been saying several hundred were killed and that his country’s NIS has been relatively conservative in its estimates of deaths and injuries. Whatever the case, it’s safe to say that the losses have been far from insignificant. North Korean troops were initially called in to shore up the Kursk region of Russia, which was the first major Ukrainian advance into Russian territory when Kyiv’s forces occupied part of the region in August and have managed to keep some of their gains. Moreover, the North Korean troops don’t necessarily seem to be helpful to the cause. “North Korean forces suffered significant losses near the villages of Plekhovo, Borozba, and Martynovka in the Kursk region on Dec. 14 and 15, at least 30 soldiers killed or wounded,” the Kyiv Post reported. However, the troops are adjusting, according to . “After suffering severe losses, DPRK [Democratic People’s Republic of Korea] units began to set up additional observation posts to detect drones of the security and defence forces of Ukraine,” the Ukrainian military intelligence agency said. Moreover, according to the U.K. Telegraph: “Despite the heavy losses, Kim Jong-un, the North Korean dictator, is reportedly planning an inspection of the country’s special operations force, which could be dispatched to Ukraine.” Reuters also reported that Lee said Kim Jong-un has been overseeing training for additional troop deployments to the region. If it ends the way the first wave of deployments did, Russia might not be the only country that ends up getting embarrassed, militarily speaking, by their foray into Ukraine. We are committed to truth and accuracy in all of our journalism. Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. .
Localization Translation Tools Market Innovations and Key Players: Unbabel, memoQ, MotionPoint, Phrase, Gridly, OneSky, RWG, Transifex 12-13-2024 07:11 PM CET | IT, New Media & Software Press release from: STATS N DATA Localization Translation Tools Market The Localization Translation Tools Market has emerged as a pivotal segment in the global landscape, driven by the increasing need for effective communication across diverse languages and cultures. As businesses expand their reach internationally, the demand for tools that facilitate seamless translation and localization is more critical than ever. Localization translation tools are not merely about translating text; they encompass a holistic approach to adapting content to meet the cultural, linguistic, and functional requirements of target markets. You can access a sample PDF report here: https://www.statsndata.org/download-sample.php?id=82498 Recent developments within the Localization Translation Tools Market highlight advancements in technology that are reshaping how businesses approach translation. The integration of artificial intelligence (AI) and machine learning is revolutionizing traditional translation methods, enabling quicker turnaround times and improved accuracy. Strategic collaborations among tech companies, linguistic experts, and software developers are fostering innovation, leading to the emergence of sophisticated translation management systems that streamline workflows and enhance productivity. The market is witnessing a surge in demand for real-time translation services, driven by the growing prevalence of digital communication platforms and the rise of remote work. Organizations are increasingly adopting localization tools to cater to diverse audiences, enhance user experiences, and ensure compliance with local regulations. As the market continues to evolve, stakeholders must remain vigilant to emerging trends and adapt their strategies accordingly, ensuring they leverage these tools to maintain a competitive edge. Key Growth Drivers and Trends Several key factors are influencing the growth of the Localization Translation Tools Market. Sustainability has become a focal point for consumers and businesses alike, prompting organizations to seek eco-friendly localization solutions. This shift is driving demand for tools that not only facilitate translation but also promote sustainable practices within the localization process. Digitization is another critical driver, as businesses increasingly recognize the importance of digital content in reaching global audiences. The proliferation of websites, mobile applications, and e-commerce platforms necessitates the use of localization tools to ensure content resonates with users from various cultural backgrounds. Additionally, heightened consumer awareness regarding the importance of localized content is pushing businesses to invest in translation tools to enhance their global presence. Emerging trends such as AI integration are transforming the landscape of localization. Machine translation engines are becoming more sophisticated, allowing for greater accuracy and context-awareness. Furthermore, the trend towards product customization is gaining traction, as companies seek to tailor their offerings to specific markets. This customization often requires advanced localization tools that can adapt content dynamically based on user preferences and cultural nuances. Market Segmentation The Localization Translation Tools Market can be segmented into various categories, providing a clearer understanding of its structure and dynamics. The primary segments are as follows: Segment by Type - Translation Management System (TMS): This segment encompasses software solutions that facilitate the management of translation projects, streamlining workflows and ensuring consistency across various languages. - Computer Assisted Translation (CAT): CAT tools assist translators in their work by providing features such as translation memory and terminology databases, enhancing efficiency and accuracy. Segment by Application - Website Localization: Tailoring websites to meet the linguistic and cultural needs of different audiences is crucial for online success. - Software Localization: Adapting software interfaces and content for different languages and regions ensures user accessibility and satisfaction. - Business Localization: Companies must localize marketing materials, legal documents, and other business communications to engage effectively with global clients. - Game Localization: The gaming industry relies heavily on localization to provide a seamless experience for players across various regions. - Others: This category includes various other applications where localization tools are employed, such as educational content, e-learning platforms, and multimedia content. Get 30% Discount On Full Report: https://www.statsndata.org/ask-for-discount.php?id=82498 Competitive Landscape The Localization Translation Tools Market is characterized by the presence of several leading companies that are driving innovation and shaping market trends. The following key players are influential in this sector: - Unbabel: Known for its AI-driven translation services, Unbabel combines human expertise with machine learning to deliver high-quality translations for businesses. - memoQ: A prominent player in the translation industry, memoQ offers a robust translation management system that enhances productivity and collaboration among linguists. - MotionPoint: Specializing in website localization, MotionPoint provides technology solutions that enable businesses to engage global audiences effectively. - Phrase: This company focuses on software localization, offering tools that streamline the translation process and improve user experience. - Gridly: Gridly excels in providing a collaborative platform for localization, enabling teams to work together seamlessly across different languages. - OneSky: Known for its user-friendly interface, OneSky offers comprehensive localization services for mobile apps, websites, and other digital content. - RWG: RWG provides tailored localization solutions, ensuring that content resonates with specific cultural contexts. - Transifex: A cloud-based localization platform, Transifex supports businesses in managing their translation projects efficiently. - Alconost: Alconost is recognized for its expertise in game localization and multimedia content adaptation, ensuring engaging experiences for users worldwide. - LingoHub: This platform enables companies to manage translations collaboratively, catering to various industries and content types. - Alocai: Alocai leverages AI technology to enhance translation accuracy and efficiency across diverse applications. - SandVox: SandVox specializes in localization tools that simplify the translation process for businesses of all sizes. - Wordbee: Wordbee offers a comprehensive translation management solution, focusing on collaboration and project management. - Lokalise: Known for its agility, Lokalise provides localization tools that cater to developers and marketers alike. - Weglot: Weglot is a popular choice for website localization, allowing businesses to translate their online content effortlessly. - GlobalLink: As a leader in enterprise localization, GlobalLink offers a suite of tools designed to support global content strategies. These companies are continually innovating and expanding their offerings, contributing to the overall growth and evolution of the Localization Translation Tools Market. Opportunities and Challenges The Localization Translation Tools Market presents numerous opportunities for growth, particularly in untapped regions where businesses are beginning to recognize the importance of localization. Emerging markets are becoming increasingly aware of the need for translation tools as they seek to connect with global consumers. This presents a significant opportunity for companies providing localization solutions to expand their reach and cater to new customer bases. Additionally, evolving consumer preferences are driving demand for more personalized and culturally relevant content. Businesses that leverage localization tools to create tailored experiences are likely to gain a competitive advantage in the marketplace. However, the market is not without its challenges. Regulatory constraints in certain regions can complicate the localization process, making it essential for businesses to stay informed about compliance requirements. Operational inefficiencies can also hinder the localization workflow, leading to delays and increased costs. Addressing these challenges requires investing in advanced localization technologies and refining processes to enhance efficiency. Furthermore, there is a growing concern regarding talent shortages in the localization industry. Finding skilled translators and localization experts can be challenging, especially for companies aiming to deliver high-quality translations. Developing training programs and fostering collaboration between educational institutions and industry players can help bridge this talent gap. Technological Advancements Technological advancements are playing a crucial role in shaping the future of the Localization Translation Tools Market. AI and machine learning are at the forefront of this transformation, enabling more efficient translation processes and improving the quality of translated content. AI-driven tools can analyze vast amounts of data, learning from previous translations to enhance accuracy and context-awareness. Virtual tools are also gaining traction, allowing teams to collaborate in real-time regardless of geographical barriers. Cloud-based solutions enable seamless access to translation management systems, facilitating efficient project management and communication among team members. The integration of Internet of Things (IoT) technologies is further enhancing the capabilities of localization tools. IoT-driven systems can collect data from user interactions, providing insights into how localized content is being received and utilized. This data can be invaluable for businesses looking to refine their localization strategies and better meet the needs of their target audiences. Research Methodology and Insights The insights presented in this press release are derived from a comprehensive research approach employed by STATS N DATA. Utilizing both top-down and bottom-up methodologies, the research team conducted extensive primary and secondary research to gather data from various sources, including industry reports, market surveys, and expert interviews. Triangulation techniques were applied to ensure the accuracy and reliability of the insights, providing a well-rounded perspective on the Localization Translation Tools Market. By synthesizing data from multiple sources, STATS N DATA is committed to delivering actionable insights that empower businesses to make informed decisions and strategically navigate the evolving landscape of localization. In conclusion, the Localization Translation Tools Market is poised for significant growth, driven by technological advancements, changing consumer preferences, and the increasing need for businesses to connect with global audiences. By embracing innovative solutions and adapting to market dynamics, stakeholders can harness the potential of localization tools to enhance their global strategies and drive success in an interconnected world. For customization requests, please visit: https://www.statsndata.org/request-customization.php?id=82498 Full Localization Translation Tools Market Report Link: https://www.statsndata.org/report/Global-Localization-Translation-Tools-Market-82498 Related Reports: Silica Dust Removal System Market https://www.statsndata.org/report/silica-dust-removal-system-market-120442 Small Data Center Market https://www.statsndata.org/report/small-data-center-market-173690 Fake Image Detection Solution Market https://www.statsndata.org/report/fake-image-detection-solution-market-286092 Semiconductor Diffusion Furnace Market https://www.statsndata.org/report/semiconductor-diffusion-furnace-market-224858 Teleophthalmology Market https://www.statsndata.org/report/teleophthalmology-market-44130 John Jones Sales & Marketing Head | Stats N Data Phone: +1 (315) 642-4324 Email: sales@statsndata.org Website: www.statsndata.org STATS N DATA is a trusted provider of industry intelligence and market research, delivering actionable insights to businesses across diverse sectors. We specialize in helping organizations navigate complex markets with advanced analytics, detailed market segmentation, and strategic guidance. Our expertise spans industries including technology, healthcare, telecommunications, energy, food & beverages, and more. Committed to accuracy and innovation, we provide tailored reports that empower clients to make informed decisions, identify emerging opportunities, and achieve sustainable growth. Our team of skilled analysts leverages cutting-edge methodologies to ensure every report addresses the unique challenges of our clients. At STATS N DATA, we transform data into knowledge and insights into success. Partner with us to gain a competitive edge in today's fast-paced business environment. For more information, visit https://www.statsndata.org or contact us today at sales@statsndata.org This release was published on openPR.VANCOUVER, BC , Dec. 4, 2024 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") GAU GAU is pleased to announce that it has terminated its gold purchase and sale agreement (the "Agreement") with Red Kite Opportunities Master Fund Limited ("Red Kite") for total cash consideration of US$13 million . Under the Agreement, the Company had been required to sell 100% of gold production from the Asanko Gold Mine (the "AGM"), up to a maximum of 2.2 million ounces, at a spot price selected by Red Kite during a nine-day quotational period following shipment of gold from the AGM. At the time of termination, the AGM had delivered 1,706,407 gold ounces to Red Kite under the Agreement. Over the past two years, during a period of elevated gold prices and volatility, the differential between the AGM's realized gold price under the Agreement and the spot price of gold on the gold delivery date, has resulted in a discount of approximately 2%. "With the Company's strong, debt-free balance sheet, we are pleased to have the financial flexibility to terminate this legacy offtake agreement as part of our prudent capital allocation strategy," said Matt Badylak , President and Chief Executive Officer of Galiano. "This strategic investment allows the AGM to sell gold at market prices, delivering meaningful value as we advance our business plan." About Galiano Gold Inc. Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The Company owns the AGM, which is located in Ghana , West Africa . Galiano is committed to the highest standards for environmental management, social responsibility, and the health and safety of its employees and neighbouring communities. For more information, please visit www.galianogold.com . Cautionary Note Regarding Forward-Looking Statements Certain statements and information contained in this news release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which we refer to collectively as "forward-looking statements". Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking statements in this news release include, but are not limited to: statements regarding the Company's operating plans for the AGM and timing thereof; expectations and timing with respect to current and planned drilling programs, and any additional work programs to be undertaken by the Company and potential exploration opportunities. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: development plans and capital expenditures; the price of gold will not decline significantly or for a protracted period of time; the accuracy of the estimates and assumptions underlying mineral reserve and mineral resource estimates; the Company's ability to raise sufficient funds from future equity financings to support its operations, and general business and economic conditions; the global financial markets and general economic conditions will be stable and prosperous in the future; the AGM will not experience any significant uninsured production disruptions that would materially affect revenues; the ability of the Company to comply with applicable governmental regulations and standards; the mining laws, tax laws and other laws in Ghana applicable to the AGM will not change, and there will be no imposition of additional exchange controls in Ghana ; the success of the Company in implementing its development strategies and achieving its business objectives; the Company will have sufficient working capital necessary to sustain its operations on an ongoing basis and the Company will continue to have sufficient working capital to fund its operations; and the key personnel of the Company will continue their employment. The foregoing list of assumptions cannot be considered exhaustive. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and you are cautioned not to place undue reliance on forward-looking statements contained herein. Some of the risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements contained in this news release, include, but are not limited to: mineral reserve and mineral resource estimates may change and may prove to be inaccurate; metallurgical recoveries may not be economically viable; life of mine estimates are based on a number of factors and assumptions and may prove to be incorrect; actual production, costs, returns and other economic and financial performance may vary from the Company's estimates in response to a variety of factors, many of which are not within the Company's control; inflationary pressures and the effects thereof; the AGM has a limited operating history and is subject to risks associated with establishing new mining operations; sustained increases in costs, or decreases in the availability, of commodities consumed or otherwise used by the Company may adversely affect the Company; adverse geotechnical and geological conditions (including geotechnical failures) may result in operating delays and lower throughput or recovery, closures or damage to mine infrastructure; the ability of the Company to treat the number of tonnes planned, recover valuable materials, remove deleterious materials and process ore, concentrate and tailings as planned is dependent on a number of factors and assumptions which may not be present or occur as expected; the Company's mineral properties may experience a loss of ore due to illegal mining activities; the Company's operations may encounter delays in or losses of production due to equipment delays or the availability of equipment; outbreaks of COVID-19 and other infectious diseases may have a negative impact on global financial conditions, demand for commodities and supply chains and could adversely affect the Company's business, financial condition and results of operations and the market price of the common shares of the Company; the Company's operations are subject to continuously evolving legislation, compliance with which may be difficult, uneconomic or require significant expenditures; the Government of Ghana may increase the Growth and Sustainability Levy, increasing the Company's expenditures; the Company may be unsuccessful in attracting and retaining key personnel; labour disruptions could adversely affect the Company's operations; recoveries may be lower in the future and have a negative impact on the Company's financial results; the lower recoveries may persist and be detrimental to the AGM and the Company; the Company's business is subject to risks associated with operating in a foreign country; risks related to the Government of Ghana defaulting on local and international bonds; risks related to the Company's use of contractors; the hazards and risks normally encountered in the exploration, development and production of gold; the Company's operations are subject to environmental hazards and compliance with applicable environmental laws and regulations; the effects of climate change or extreme weather events may cause prolonged disruption to the delivery of essential commodities which could negatively affect production efficiency; the Company's operations and workforce are exposed to health and safety risks; unexpected costs and delays related to, or the failure of the Company to obtain, necessary permits could impede the Company's operations; the Company's title to exploration, development and mining interests can be uncertain and may be contested; geotechnical risks associated with the design and operation of a mine and related civil structures; the Company's properties may be subject to claims by various community stakeholders; current, ongoing and future legal disputes and appeals from third parties may be successful, and the Company may be required to pay settlement costs or damages; risks related to limited access to infrastructure and water; risks associated with establishing new mining operations; the Company's revenues are dependent on the market prices for gold, which have experienced significant recent fluctuations; the Company may not be able to secure additional financing when needed or on acceptable terms; the Company's shareholders may be subject to future dilution; risks related to changes in interest rates and foreign currency exchange rates; risks relating to credit rating downgrades; changes to taxation laws applicable to the Company may affect the Company's profitability and ability to repatriate funds; risks related to the Company's internal controls over financial reporting and compliance with applicable accounting regulations and securities laws; future securities offerings issued pursuant to the Company's base shelf prospectus may not be successful depending on external market factors outside of the Company's control; risks related to information systems security threats; non-compliance with public disclosure obligations could have an adverse effect on the Company's stock price; the carrying value of the Company's assets may change and these assets may be subject to impairment charges; risks associated with changes in reporting standards; the Company may be liable for uninsured or partially insured losses; the Company may be subject to litigation; damage to the Company's reputation could result in decreased investor confidence and increased challenges in developing and maintaining community relations which may have adverse effects on the business, results of operations and financial conditions of the Company and the Company's share price; the Company may be unsuccessful in identifying targets for acquisition or completing suitable corporate transactions, and any such transactions may not be beneficial to the Company or its shareholders; the Company must compete with other mining companies and individuals for mining interests; the Company's growth, future profitability and ability to obtain financing may be impacted by global financial conditions; the Company's common shares may experience price and trading volume volatility; the Company has never paid dividends and does not expect to do so in the foreseeable future; the Company's shareholders may be unable to sell significant quantities of the Company's common shares into the public trading markets without a significant reduction in the price of its common shares, or at all; and the risk factors described under the heading "Risk Factors" in the Company's Annual Information Form. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking statements, you are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements included in, or incorporated by reference in, this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law. Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release . View original content to download multimedia: https://www.prnewswire.com/news-releases/galiano-gold-announces-buyout-of-offtake-agreement-302321556.html SOURCE Galiano Gold Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BERLIN (AP) — Tech entrepreneur Elon Musk caused uproar after backing Germany’s far-right party in a major newspaper ahead of key parliamentary elections in the Western European country, leading to the resignation of the paper’s opinion editor in protest. Germany is to vote in on after Chancellor Olaf Scholz’s three-party governing coalition in a dispute over how to revitalize the country’s stagnant economy. Musk's guest opinion piece for Welt am Sonntag —a sister publication of POLITICO owned by the Axel Springer Group — published in German over the weekend, was the he supported the Alternative for Germany, or AfD. “The Alternative for Germany (AfD) is the last spark of hope for this country," Musk wrote in his translated commentary. He went on to say the far-right party “can lead the country into a future where economic prosperity, cultural integrity and technological innovation are not just wishes, but reality.” The Tesla Motors CEO also wrote that his gave him the right to comment on the country's condition. The AfD is polling strongly, but its candidate for the top job, , has no realistic chance of becoming chancellor because other parties refuse to work with the far-right party. An ally of U.S. President-elect Donald Trump, the technology billionaire challenged in his opinion piece the party's public image. “The portrayal of the AfD as right-wing extremist is clearly false, considering that Alice Weidel, the party’s leader, has a same-sex partner from Sri Lanka! Does that sound like Hitler to you? Please!” Musk’s commentary has led to a debate in German media over the boundaries of free speech, with the paper's own opinion editor announcing her resignation, pointedly on Musk's social media platform, X. “I always enjoyed leading the opinion section of WELT and WAMS. Today an article by Elon Musk appeared in Welt am Sonntag. I handed in my resignation yesterday after it went to print," Eva Marie Kogel wrote. A critical article by the future editor-in-chief of the Welt group, Jan Philipp Burgard, accompanied Musk’s opinion piece. “Musk’s diagnosis is correct, but his therapeutic approach, that only the AfD can save Germany, is fatally wrong,” Burgard wrote. Responding to a request for comment from the German Press Agency, dpa, the current editor-in-chief of the Welt group, Ulf Poschardt, and Burgard — who is due to take over on Jan. 1 — said in a joint statement that the discussion over Musk's piece was "very insightful. Democracy and journalism thrive on freedom of expression.” “This will continue to determine the compass of the “world” in the future. We will develop “Die Welt” even more decisively as a forum for such debates,” they wrote to dpa.
I am not composing this farewell message to the Year 2024 out of spite. I carry feelings of hurt, jealousy and the desire to lash out, as it has been a year of genocide. A genocide, something we thought was buried in the heap of ashes of history in Europe 80 years ago and in Rwanda and Bosnia 30 years ago, raised its ugly head in 2024 yet again. What makes it even more hurtful is the fact that its perpetrators, this time, are the people of its first victims. What is even more upsetting than that, is that we could have known the recent genocide that is happening would occur. Humanity’s shameful legacy of “destroying, in whole or in part, a national, ethnic, racial or religious group” began with Jewish people as its first victims in Europe, and ironically, Israelis have become the sole perpetrators of the last genocide in Palestine. We should not blame all Jewish people for this crime against humanity – neither Judaism nor its sincere faithful are the slaughterers of tens of thousands of Palestinians. But Zionism and its adherents in Israel, the United States and Europe were (and still are) at the helm of this deplorable atrocity. Simply check out those internet sites dedicated to “Torah Judaism,” which refers to schools of thought in Judaism that are perceived to be most adherent to the Torah and other commandments. Orthodox Jewish groups often use the term to refer to their own system of beliefs. They are anti-Zionists; they do not serve in the Israeli army. They believe that the only enemies of the Jews are Zionism and Israel. This is not a joke: there really are religious Jews all over the world who work and pray for Zionism and Israel to disappear as soon as possible. They consider Zionism “a perverted ideology” and Israel “as an irreligious state.” You have to see Rabbi Cohen’s short history lessons on their social media sites. Accordingly, Zionists are liars, thieves and frauds; they distort, desecrate and pervert traditional Jewish teachings. Judaism, like all religions, is the opposite of nationalism. However, the Zionism that began running rampant in the 1860s in Europe was not a religious but a nationalist ideology. The pioneering work on creating a “Jewish homeland in Jerusalem” was written in 1860 by Moses Hess, a German philosopher, and early communist whose theories led to disagreements with Karl Marx and Friedrich Engels, under the title of “Rome and Jerusalem: The Last National Question.” The homeland the “Communist Rabbi” proposed was a socialist country that would redeem Jews through agriculture. The idea of migrating all Jews out of Europe was so popular among the adherents of Zionism that one of its leaders, Theodor Herzl, appealed to the Ottoman state for a Jewish country. It was not exactly the idea of redemption through the land but the ample opportunity of real-estate deals in his mind. Herzl came to Istanbul in 1896 with a deal he thought the Ottoman Sultan Abdul Hamid II couldn't turn down. The Ottoman state was then under an accumulated debt burden; Herzl offered to pay $2.2 billion in today's currency for the Ottoman Sultan to issue a charter for Jews to colonize Palestine. Herzl, through his interlocutors with the Ottoman Sultan, Philip de Newlinski and Arminius Vambery, exclaimed that without the help of Zionists, the Ottoman economy would not stand a chance of recovery, but the Sultan refused the offer outright. However, the story didn’t end there. Many non-Jews and even anti-Semites supported the idea of European Jews' migration to a place as a means of ridding what Europe called its “Jewish problem.” If they wanted to go to their Biblical homes and the Ottomans were not acceding, no problem: the Great Powers of Europe would dismember the Ottoman Empire and open the land for them. Those Biblical times had passed a long, long time ago, like 3,000 years ago, and now those lands have been inhabited by several people. Yet the hospitable owners of these lands, the Christians, Muslims and Jews, who had migrated to the Holy Lands themselves, not as part of a massive migration, in a word, the Palestinians, opened their homes and villages to these new neighbors. However, there was a minor problem: the newcomers wanted the land, not the people on it. As Chaim Weizmann wrote in 1914 in one of his letters: “There is a country which happens to be called Palestine, a country without a people, and, on the other hand, there exist the Jewish people, and it has no country. What else is necessary than to fit the gem into the ring to unite these people with this country? The owners of the country must, therefore, be persuaded and convinced that this marriage is advantageous, not only for the (Jewish) people and for the country, but also for themselves.” The Zionists called this migration “a marriage;" they wanted the land for themselves. They were not interested in coexisting with the locals. The existence of the Palestinian population and identity, therefore, needed to be removed from the map and from historical memories. In this “marriage,” the Zionists only wanted the dowry and not the bride. The Zionist hordes were so ruthless that they descended on the land like a catastrophe. The local Arabs, Christians and non-Zionist Jews, called the ethnic cleansing of Palestinians through their violent displacement and dispossession of land, property and belongings the Nakba (“the catastrophe”). From day one, the Zionists wanted to destroy Palestinian society, and they suppressed their culture, identity, political rights and national aspirations. Thus, the concept of Jewish nationality transformed into Jewish superiority and, later, to Jewish supremacy. Israel has become the dominant military force in the region. If we read our history books, not those by the Hesses and Herzles, but the recent ones, like the stories of 43 Israeli massacres since 1967, we would have known that Zionists learned everything the racist Nazis had done to the Jews in the first genocide. If we read, for instance, Ta-Nehisi Coates’ book, "The Message," we’d know that Americans and Europeans' favorite democracy in the Arabian desert was actually fascist killing fields: “Having vanquished its Arab foes and established itself as a state, Israel began the process of securing as much land as possible for its new state while keeping as many Palestinians as possible beyond that state’s borders. This ethnocratic approach to state-building had deep roots in Zionism, which held that majority status within a strong Jewish state was the only true bulwark against antisemitism. Implanting this majority presented an obvious problem – the Palestinians. There is only one thing the Zionists want... for that is the way by which the Jews would gradually become the majority, and then a Jewish Government would follow automatically, and the future of the Arab minority would depend on the goodwill of the Jews.” As we say, an example is better than a hundred precepts. Since Oct. 7, 2023, we have lived 450 hateful days, and we learned that Israel is no longer part of the modern family of nations. Like the perpetrators of the Nazi, Rwanda and Bosnia genocides, Israeli Prime Minister Benjamin Netanyahu and his collaborators, domestic and international, will have their own day of reckoning . Until then, the Zionists’ Israel will continue to live in infamy.From wealth and success to murder suspect, the life of Luigi Mangione took a hard turn
The 2024 Christmas Cheer Breakfast is this Friday morning, helping to raise money for 28 local charities. Donations to the sold-out event can still be made at christmascheerottawa.com Christmas Cheer launched in 1951 and has evolved over the years and has shared a deep history with Newstalk 580 CFRA. Ottawa Christmas Cheer Foundation chair Samantha Hamilton joined CFRA's Ottawa at Work with Patricia Boal on Wednesday. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. 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Results Summary 1 SUNNYVALE, Calif. , Dec. 4, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today reported results for its fourth quarter and fiscal year 2024. Revenue for the fourth quarter of fiscal year 2024 was $1.636 billion , compared to $1.467 billion for the fourth quarter of fiscal year 2023. Revenue for fiscal year 2024 was $6.127 billion , an increase of approximately 15% from $5.318 billion in fiscal year 2023. "The fourth quarter was a strong finish to a transformational year for Synopsys. We achieved record financial results while doubling down on our strategy with the sale of our Software Integrity business and the pending acquisition of Ansys," said Sassine Ghazi , president and CEO of Synopsys. "Looking ahead, the AI-driven reinvention of compute is accelerating the pace, scale and complexity of technology R&D, which expands our opportunity to solve engineering challenges from silicon to systems." "Continued strong execution drove excellent Q4 results, which exceeded the midpoint of our guidance targets and capped a year of 15% revenue growth for the company," said Shelagh Glaser , CFO of Synopsys. "The combination of our execution focus, operating discipline, and the critical nature of our industry-leading technology positions us well for the future. In 2025, we expect to deliver double-digit revenue growth grounded in pragmatism given continued macro uncertainties and the impact of our fiscal year calendar change." Synopsys' previously announced acquisition of Ansys is expected to close in the first half of 2025, subject to the receipt of required regulatory approvals and other customary closing conditions. This week marked the expiration of the Hart-Scott-Rodino (HSR) Act waiting period, and Synopsys is working cooperatively with Federal Trade Commission (FTC) staff to conclude the investigation and the staff's review of Synopsys' proposed remedies. _______________________________________________ 1 On September 30, 2024, Synopsys completed the sale of its Software Integrity business. Synopsys' Software Integrity business has been presented as a discontinued operation in the consolidated financial statements for all periods presented herein and all financial results and targets are presented herein on a continuing operations basis unless otherwise noted. Continuing Operations On September 30, 2024 , Synopsys completed the sale of its Software Integrity business. Unless otherwise noted, Synopsys' Software Integrity business has been presented as a discontinued operation in the Synopsys' consolidated financial statements for all periods presented herein and all financial results and targets are presented herein on a continuing operations basis. GAAP Results On a U.S. generally accepted accounting principles (GAAP) basis, net income for the fourth quarter of fiscal year 2024 was $279.3 million , or $1.79 per diluted share, compared to $346.1 million , or $2.23 per diluted share, for the fourth quarter of fiscal year 2023. GAAP net income for fiscal year 2024 was $1.442 billion , or $9.25 per diluted share, compared to $1.227 billion , or $7.91 per diluted share, for fiscal year 2023. Non-GAAP Results On a non-GAAP basis, net income for the fourth quarter of fiscal year 2024 was $529.9 million , or $3.40 per diluted share, compared to non-GAAP net income of $464.1 million , or $3.00 per diluted share, for the fourth quarter of fiscal year 2023. Non-GAAP net income for fiscal year 2024 was $2.058 billion , or $13.20 per diluted share, compared to non-GAAP net income of $1.636 billion , or $10.54 per diluted share, for fiscal year 2023. For a reconciliation of net income, earnings per diluted share and other measures on a GAAP and non-GAAP basis, see "GAAP to Non-GAAP Reconciliation" in the accompanying tables below. Business Segments Synopsys reports revenue and operating income in two segments: (1) Design Automation, which includes our advanced silicon design, verification products and services, system integration products and services, digital, custom and field programmable gate array IC design software, verification software and hardware products, manufacturing software products and other and (2) Design IP, which includes our interface, foundation, security, and embedded processor IP, IP subsystems, and IP implementation services. Financial Targets Synopsys also provided its consolidated financial targets for the first quarter and full fiscal year 2025. These targets reflect a change in Synopsys' fiscal year from a 52/53-week period ending on the Saturday nearest to October 31 of each year to October 31 of each year. As a result of this change, there will be ten fewer days in the first half of fiscal year 2025 and two extra days in the second half of fiscal year 2025, which results in eight fewer days in the aggregate in Synopsys' fiscal year 2025 as compared to its fiscal year 2024. These targets also assume no further changes to export control restrictions or the current U.S. government "Entity List" restrictions. These targets constitute forward-looking statements and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below. First Quarter and Full Fiscal Year 2025 Financial Targets (1) (in millions except per share amounts) Range for Three Months Ending Range for Fiscal Year Ending January 31, 2025 October 31, 2025 Low High Low High Revenue $ 1,435 $ 1,465 $ 6,745 $ 6,805 GAAP Expenses $ 1,142 $ 1,162 $ 4,926 $ 4,983 Non-GAAP Expenses $ 945 $ 955 $ 4,045 $ 4,085 Non-GAAP Interest and Other Income (Expense), net $ 20 $ 22 $ 94 $ 98 Non-GAAP Tax Rate 16 % 16 % 16 % 16 % Outstanding Shares (fully diluted) 156 158 157 159 GAAP EPS $ 1.81 $ 1.95 $ 10.42 $ 10.63 Non-GAAP EPS $ 2.77 $ 2.82 $ 14.88 $ 14.96 Operating Cash Flow ~ $1,800 Free Cash Flow (2) ~ $1,600 Capital Expenditures ~ $170 (1) Synopsys' first quarter of fiscal year 2025 will end on January 31, 2025 and its fiscal year 2025 will end on October 31, 2025. (2) Free cash flow is calculated as cash provided from operating activities less capital expenditures. For a reconciliation of Synopsys' first quarter and fiscal year 2025 targets, including expenses, earnings per diluted share and other measures on a GAAP and non-GAAP basis and a discussion of the financial targets that we are not able to reconcile without unreasonable efforts, see "GAAP to Non-GAAP Reconciliation" in the accompanying tables below. Earnings Call Open to Investors Synopsys will hold a conference call for financial analysts and investors today at 2:00 p.m. Pacific Time. A live webcast of the call will be available on Synopsys' corporate website at investor.synopsys.com . Synopsys uses its website as a tool to disclose important information about Synopsys and comply with its disclosure obligations under Regulation Fair Disclosure. A webcast replay will also be available on the corporate website from approximately 5:30 p.m. Pacific Time today through the time Synopsys announces its results for the first quarter of fiscal year 2025 in February 2025. Effectiveness of Information The targets included in this press release, the statements made during the earnings conference call, the information contained in the financial supplement and the corporate overview presentation, each of which are available on Synopsys' corporate website at www.synopsys.com (collectively, the " Earnings Materials "), represent Synopsys' expectations and beliefs as of December 4, 2024 . Although these Earnings Materials will remain available on Synopsys' website through the date of the earnings call for the first quarter of fiscal year 2025, their continued availability through such date does not mean that Synopsys is reaffirming or confirming their continued validity. Synopsys undertakes no duty and does not intend to update any forward-looking statement, whether as a result of new information or future events, or otherwise update, the targets given in this press release unless required by law. Availability of Final Financial Statements Synopsys will include final financial statements for the fiscal year 2024 in its annual report on Form 10-K to be filed on or before January 2, 2025 . About Synopsys Catalyzing the era of pervasive intelligence, Synopsys, Inc. (Nasdaq: SNPS) delivers trusted and comprehensive silicon to systems design solutions, from electronic design automation to silicon IP and system verification and validation. We partner closely with semiconductor and systems customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com . Reconciliation of Fourth Quarter and Fiscal Year 2024 Results The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP net income, earnings per diluted share, and tax rate for the periods indicated below. GAAP to Non-GAAP Reconciliation of Fourth Quarter and Fiscal Year 2024 Results (1) (unaudited and in thousands, except per share amounts) Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 GAAP net income from continuing operations attributed to Synopsys $ 279,281 $ 346,051 $ 1,441,710 $ 1,227,045 Adjustments: Amortization of acquired intangible assets 54,258 14,886 104,220 50,477 Stock-based compensation 165,116 128,286 656,632 511,730 Acquisition/divestiture related items 62,428 4,016 172,638 13,831 Restructuring charges — (1,348) — 53,091 Gain on sale of strategic investments — — (55,077) — Tax settlement — — — (23,752) Tax adjustments (31,158) (27,753) (262,322) (196,471) Non-GAAP net income from continuing operations attributed to Synopsys $ 529,925 $ 464,138 $ 2,057,801 $ 1,635,951 Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 GAAP net income from continuing operations per diluted share attributed to Synopsys $ 1.79 $ 2.23 $ 9.25 $ 7.91 Adjustments: Amortization of acquired intangible assets 0.35 0.10 0.67 0.33 Stock-based compensation 1.06 0.83 4.21 3.30 Acquisition/divestiture related items 0.40 0.03 1.11 0.09 Restructuring charges — (0.01) — 0.34 Gain on sale of strategic investments — — (0.35) — Tax settlement — — — (0.15) Tax adjustments (0.20) (0.18) (1.69) (1.28) Non-GAAP net income from continuing operations per diluted share attributed to Synopsys $ 3.40 $ 3.00 $ 13.20 $ 10.54 Shares used in computing net income per diluted share amounts: 155,991 154,845 155,944 155,195 (1) Synopsys' fourth quarter of fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. GAAP to Non-GAAP Tax Rate Reconciliation (1)(2) (unaudited) Twelve Months Ended October 31, 2024 GAAP effective tax rate 6.6 % Stock-based compensation 2.9 % Income tax adjustments (3) 5.5 % Non-GAAP effective tax rate 15.0 % (1) Synopsys' fiscal year 2024 ended on November 2, 2024. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. (2) Presented on a continuing operations basis. (3) The adjustments are primarily related to the differences in the tax rate effect of certain deductions, such as the deduction for foreign-derived intangible income and credits. GAAP to Non-GAAP Reconciliation of 2025 Targets The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below. GAAP to Non-GAAP Reconciliation of First Quarter Fiscal Year 2025 Targets (in thousands, except per share amounts) Range for Three Months Ending January 31, 2025 Low High Target GAAP expenses $ 1,142,000 $ 1,162,000 Adjustments: Amortization of acquired intangible assets (12,000) (15,000) Stock-based compensation (185,000) (192,000) Target non-GAAP expenses $ 945,000 $ 955,000 Range for Three Months Ending January 31, 2025 Low High Target GAAP earnings per diluted share attributed to Synopsys $ 1.81 $ 1.95 Adjustments: Amortization of acquired intangible assets 0.10 0.08 Stock-based compensation 1.22 1.18 Acquisition/divestiture related items (1) 0.08 0.06 Tax adjustments (0.44) (0.45) Target non-GAAP earnings per diluted share attributed to Synopsys $ 2.77 $ 2.82 Shares used in non-GAAP calculation (midpoint of target range) 157,000 157,000 GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2025 Targets (in thousands, except per share amounts) Range for Fiscal Year Ending October 31, 2025 Low High Target GAAP expenses $ 4,926,000 $ 4,983,000 Adjustments: Amortization of acquired intangible assets (46,000) (51,000) Stock-based compensation (835,000) (847,000) Target non-GAAP expenses $ 4,045,000 $ 4,085,000 Range for Fiscal Year Ending October 31, 2025 Low High Target GAAP earnings per diluted share attributed to Synopsys $ 10.42 $ 10.63 Adjustments: Amortization of acquired intangible assets 0.32 0.29 Stock-based compensation 5.36 5.28 Acquisition/divestiture related items (1) 0.29 0.26 Tax adjustments (1.51) (1.50) Target non-GAAP earnings per diluted share attributed to Synopsys $ 14.88 $ 14.96 Shares used in non-GAAP calculation (midpoint of target range) 158,000 158,000 (1) Adjustments reflect certain contractually obligated financing fees and related amortization expenses, and do not fully reflect all potential adjustments for future periods for the reasons set forth in "GAAP to Non-GAAP Reconciliation" below. Forward-Looking Statements This press release and the investor conference call contain forward-looking statements, including, but not limited to, statements regarding short-term and long-term financial targets, expectations and objectives including, among others, our long-term financial objectives, which include the anticipated effects of our pending acquisition of ANSYS, Inc. (the Ansys Merger); business and market outlook, opportunities, strategies and technological trends, such as artificial intelligence; planned acquisitions and their expected impact, including the Ansys Merger; the potential impact of the uncertain macroeconomic and geopolitical environment on our financial results; the expected impact of U.S. and foreign government trade restrictions and regulatory changes, including export control restrictions and tariffs on our financial results; customer license renewals and the expected realization and timing of our contracted but unsatisfied or partially unsatisfied performance obligations (backlog); planned dispositions and their expected impact; customer demand and market expansion for our products and our customers' products; our ability to successfully compete in the markets we serve; our planned product releases and capabilities; industry growth rates; software trends; planned stock repurchases; our expected tax rate; and the impact and result of pending legal, regulatory, administrative and tax proceedings. These statements involve risks, uncertainties and other factors that could cause our actual results, time frames or achievements to differ materially from those expressed or implied in such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: macroeconomic conditions and geopolitical uncertainty in the global economy; uncertainty in the growth of the semiconductor and electronics industries; the highly competitive industry we operate in; actions by the U.S. or foreign governments, such as the imposition of additional export restrictions or tariffs; consolidation among our customers and our dependence on a relatively small number of large customers; risks and compliance obligations relating to the global nature of our operations; failure to complete the Ansys Merger on the terms described in our filings with the SEC, if at all; failure to obtain required governmental approvals related to the Ansys Merger or the imposition of conditions to such governmental approvals that may have an adverse effect on us; failure to realize the benefits expected from the Ansys Merger; and more. Additional information on potential risks, uncertainties and other factors that could affect Synopsys' results is included in filings we make with the SEC from time to time, including in the sections entitled "Risk Factors" in our latest Annual Report on Form 10-K and in our latest Quarterly Report on Form 10-Q. The financial information contained in this press release should be read in conjunction with the consolidated financial statements and notes thereto included in Synopsys' most recent reports on Forms 10-K and 10-Q, each as may be amended from time to time. Synopsys' financial results for its fourth quarter and fiscal year 2024 are not necessarily indicative of Synopsys' operating results for any future periods. The information provided herein is as of December 4, 2024 . Synopsys undertakes no duty to, and does not intend to, update any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law. SYNOPSYS, INC. Unaudited Consolidated Statements of Income (1) (in thousands, except per share amounts) Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 Revenue: Time-based products $ 834,375 $ 780,725 $ 3,224,299 $ 3,016,256 Upfront products 520,939 441,494 1,802,222 1,400,125 Total products revenue 1,355,314 1,222,219 5,026,521 4,416,381 Maintenance and service 280,672 245,164 1,100,915 901,633 Total revenue 1,635,986 1,467,383 6,127,436 5,318,014 Cost of revenue: Products 216,485 197,540 770,238 697,686 Maintenance and service 91,707 76,043 367,055 287,876 Amortization of acquired intangible assets 66,831 12,598 107,996 45,281 Total cost of revenue 375,023 286,181 1,245,289 1,030,843 Gross margin 1,260,963 1,181,202 4,882,147 4,287,171 Operating expenses: Research and development 554,818 465,815 2,082,360 1,849,935 Sales and marketing 219,225 186,953 859,342 724,934 General and administrative 172,032 102,271 568,496 376,677 Amortization of acquired intangible assets 4,086 3,346 16,238 9,295 Restructuring charges — (1,348) — 53,091 Total operating expenses 950,161 757,037 3,526,436 3,013,932 Operating income 310,802 424,165 1,355,711 1,273,239 Interest and other income (expense), net 12,077 (20,400) 158,147 32,231 Income before income taxes 322,879 403,765 1,513,858 1,305,470 Provision (benefit) for income taxes 62,084 60,409 99,718 90,188 Net income from continuing operations 260,795 343,356 1,414,140 1,215,282 Income from discontinued operations, net of income taxes 834,825 3,139 821,670 2,843 Net income 1,095,620 346,495 2,235,810 1,218,125 Less: Net income (loss) attributed to non-controlling interest and redeemable non-controlling interest (18,486) (2,695) (27,570) (11,763) Net income attributed to Synopsys $ 1,114,106 $ 349,190 $ 2,263,380 $ 1,229,888 Net income attributed to Synopsys Continuing operations $ 279,281 $ 346,051 $ 1,441,710 $ 1,227,045 Discontinued operations 834,825 3,139 821,670 2,843 Net income $ 1,114,106 $ 349,190 $ 2,263,380 $ 1,229,888 Net income per share attributed to Synopsys - basic: Continuing operations $ 1.81 $ 2.28 $ 9.41 $ 8.06 Discontinued operations 5.43 0.02 5.37 0.02 Basic net income per share $ 7.24 $ 2.30 $ 14.78 $ 8.08 Net income per share attributed to Synopsys - diluted: Continuing operations $ 1.79 $ 2.23 $ 9.25 $ 7.91 Discontinued operations 5.35 0.03 5.26 0.01 Diluted net income per share $ 7.14 $ 2.26 $ 14.51 $ 7.92 Shares used in computing per share amounts: Basic 153,916 151,972 153,138 152,146 Diluted 155,991 154,845 155,944 155,195 (1) Synopsys' fourth quarter of fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. SYNOPSYS, INC. Unaudited Consolidated Balance Sheets (1) (in thousands, except par value amounts) October 31, 2024 October 31, 2023 ASSETS: Current assets: Cash and cash equivalents $ 3,896,532 $ 1,433,966 Short-term investments 153,869 151,639 Total cash, cash equivalents and short-term investments 4,050,401 1,585,605 Accounts receivable, net 934,470 856,660 Inventories 361,849 325,590 Prepaid and other current assets 1,122,946 548,115 Current assets of discontinued operations — 114,654 Total current assets 6,469,666 3,430,624 Property and equipment, net 563,006 549,837 Operating lease right-of-use assets, net 565,917 559,923 Goodwill 3,448,850 3,346,065 Intangible assets, net 195,164 239,577 Deferred income taxes 1,247,258 853,526 Other long-term assets 583,700 444,820 Long-term assets of discontinued operations — 908,759 Total assets $ 13,073,561 $ 10,333,131 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY: Current liabilities: Accounts payable and accrued liabilities $ 1,163,592 $ 1,059,914 Operating lease liabilities 94,791 79,832 Deferred revenue 1,391,737 1,559,461 Current liabilities of discontinued operations — 286,244 Total current liabilities 2,650,120 2,985,451 Long-term operating lease liabilities 574,065 579,686 Long-term deferred revenue 340,831 150,827 Long-term debt 15,601 18,078 Other long-term liabilities 469,738 381,531 Long-term liabilities of discontinued operations — 33,257 Total liabilities 4,050,355 4,148,830 Redeemable non-controlling interest 30,000 31,043 Stockholders' equity: Preferred stock, $0.01 par value: 2,000 shares authorized; none outstanding — — Common stock, $0.01 par value: 400,000 shares authorized; 154,112 and 152,053 shares outstanding, respectively 1,541 1,521 Capital in excess of par value 1,211,206 1,276,152 Retained earnings 8,984,105 6,741,699 Treasury stock, at cost: 3,148 and 5,207 shares, respectively (1,025,770) (1,675,650) Accumulated other comprehensive income (loss) (180,380) (196,414) Total Synopsys stockholders' equity 8,990,702 6,147,308 Non-controlling interest 2,504 5,950 Total stockholders' equity 8,993,206 6,153,258 Total liabilities, redeemable non-controlling interest and stockholders' equity $ 13,073,561 $ 10,333,131 (1) Synopsys' fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. SYNOPSYS, INC. Unaudited Consolidated Statements of Cash Flows (1) (in thousands) Twelve Months Ended 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 2,235,810 $ 1,218,125 Adjustments to reconcile net income to net cash provided by operating activities: Amortization and depreciation 295,065 247,120 Reduction of operating lease right-of-use assets 97,273 97,705 Amortization of capitalized costs to obtain revenue contracts 73,587 82,190 Stock-based compensation 692,316 563,292 Allowance for credit losses 19,724 19,932 Gain on sale of strategic investments (55,077) — Gain on divestitures, net of transaction costs (868,830) — Amortization of bridge financing costs 33,677 — Deferred income taxes (407,649) (211,045) Other (1,295) 13,295 Net changes in operating assets and liabilities, net of effects from acquisitions and dispositions: Accounts receivable (103,460) (178,432) Inventories (51,449) (123,752) Prepaid and other current assets (410,432) (106,396) Other long-term assets (168,255) (100,618) Accounts payable and accrued liabilities 187,564 170,496 Operating lease liabilities (96,966) (73,281) Income taxes (73,215) 198,078 Deferred revenue 8,641 (113,435) Net cash provided by operating activities 1,407,029 1,703,274 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from maturities and sales of short-term investments 138,961 130,435 Purchases of short-term investments (136,821) (131,079) Proceeds from sales of strategic investments 55,696 8,492 Purchases of strategic investments (1,293) (435) Purchases of property and equipment, net (123,161) (189,618) Acquisitions, net of cash acquired (156,947) (297,692) Proceeds from business divestiture, net of cash divested 1,446,578 — Capitalization of software development costs — (2,204) Net cash provided by (used in) investing activities 1,223,013 (482,101) CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of debt (2,607) (2,603) Payment of bridge financing and term loan costs (72,265) — Issuances of common stock 232,212 252,986 Payments for taxes related to net share settlement of equity awards (337,541) (241,408) Purchase of equity forward contract — (45,000) Purchases of treasury stock — (1,160,724) Other (1,096) (122) Net cash used in financing activities (181,297) (1,196,871) Effect of exchange rate changes on cash, cash equivalents and restricted cash 8,797 (2,979) Net change in cash, cash equivalents and restricted cash 2,457,542 21,323 Cash, cash equivalents and restricted cash, beginning of year, including cash from discontinued operations 1,441,187 1,419,864 Cash, cash equivalents and restricted cash, end of period, including cash from discontinued operations 3,898,729 1,441,187 Less: Cash, cash equivalents and restricted cash from discontinued operations — 4,947 Cash, cash equivalents and restricted cash from continuing operations $ 3,898,729 $ 1,436,240 (1) Synopsys' fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. Synopsys provides segment information, namely revenue, adjusted segment operating income and adjusted segment operating margin, in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 280, Segment Reporting. Synopsys' chief operating decision maker (" CODM ") is our Chief Executive Officer. In evaluating our business segments, the CODM considers the income and expenses that the CODM believes are directly related to those segments. The CODM does not allocate certain operating expenses managed at a consolidated level to our business segments and, as a result, the reported operating income and operating margin do not include these unallocated expenses as shown in the table below. These unallocated expenses are presented in the table below to provide a reconciliation of the total adjusted operating income from segments to our consolidated operating income from continuing operations: SYNOPSYS, INC. Business Segment Reporting (1)(2)(5) (in millions) Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Twelve Months Ended October 31, 2024 Twelve Months Ended October 31, 2023 Revenue by segment - Design Automation $ 1,118.2 $ 953.7 $ 4,221.1 $ 3,775.3 % of Total 68.3 % 65.0 % 68.9 % 71.0 % - Design IP $ 517.8 $ 513.7 $ 1,906.3 $ 1,542.7 % of Total 31.7 % 35.0 % 31.1 % 29.0 % Adjusted operating income by segment - Design Automation $ 413.3 $ 311.1 $ 1,631.9 $ 1,413.9 - Design IP $ 189.9 $ 236.4 $ 730.2 $ 514.1 Adjusted operating margin by segment - Design Automation 37.0 % 32.6 % 38.7 % 37.5 % - Design IP 36.7 % 46.0 % 38.3 % 33.3 % Total Adjusted Segment Operating Income Reconciliation (1)(2)(5) (in millions) Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Twelve Months Ended October 31, 2024 Twelve Months Ended October 31, 2023 GAAP total operating income – as reported $ 310.8 $ 424.2 $ 1,355.7 $ 1,273.2 Other expenses managed at consolidated level -Amortization of acquired intangible assets (3) 70.9 15.9 124.2 54.6 -Stock-based compensation (3) 165.4 128.6 657.9 513.1 -Non-qualified deferred compensation plan 9.2 (23.9) 85.4 20.2 -Acquisition/divestiture related items (4) 47.0 4.0 138.7 13.8 -Restructuring charges — (1.3) — 53.1 Total adjusted segment operating income $ 603.2 $ 547.5 $ 2,362.1 $ 1,928.0 (1) Synopsys manages the business on a long-term, annual basis, and considers quarterly fluctuations of revenue and profitability as normal elements of our business. Amounts may not foot due to rounding. (2) Synopsys' fourth quarter of fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. (3) The adjustment includes non-GAAP expenses attributable to non-controlling interest and redeemable non-controlling interest. (4) The adjustment excludes the amortization of bridge financing costs entered into in connection with the pending acquisition of Ansys, that was recorded in interest and other income (expense), net, in our unaudited condensed consolidated statements of income. (5) Presented on a continuing operations basis. GAAP to Non-GAAP Reconciliation Synopsys continues to provide all information required in accordance with GAAP but acknowledges evaluating its ongoing operating results may not be as useful if an investor is limited to reviewing only GAAP financial measures. Accordingly, Synopsys presents non-GAAP financial measures in reporting its financial results to provide investors with an additional tool to evaluate Synopsys' operating results in a manner that focuses on what Synopsys believes to be its core business operations and what Synopsys uses to evaluate its business operations and for internal budgeting and resource allocation purposes. This press release includes non-GAAP earnings per diluted share, non-GAAP net income and non-GAAP tax rate for the periods presented. It also includes future estimates for non-GAAP expenses, non-GAAP interest and other income (expense), non-GAAP tax rate, non-GAAP earnings per diluted share and free cash flow. These non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. When possible, Synopsys provides a reconciliation of non-GAAP financial measures to their most closely applicable GAAP financial measures. Synopsys is unable to provide a full reconciliation of certain first quarter and full fiscal year 2025 non-GAAP financial targets to the corresponding GAAP financial measures on a forward-looking basis because Synopsys believes that it would not be possible for it to have the required information necessary to quantitatively reconcile such measures with sufficient precision without unreasonable efforts due to, among other things, the potential variability and limited predictability of the excluded adjustment items necessary for a full reconciliation such as certain acquisition/divestiture related items, restructuring charges, tax deduction variability, changes in the fair value of non-qualified deferred compensation plan, and gains (losses) on the sale of strategic investments. For the same reasons, Synopsys is unable to address the probable significance of the unavailable information. Synopsys' management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, as superior to, or as a substitute for, financial information prepared in accordance with GAAP. These non-GAAP financial measures are meant to supplement, and be viewed in conjunction with, the corresponding GAAP financial measures. Synopsys' management believes presentation of non-GAAP financial measures, when shown in conjunction with the corresponding GAAP financial measures, provides useful information to investors allowing them to view financial and business trends relating to our financial condition and results of operations through the eyes of management. Synopsys' management evaluates and makes decisions about our business operations using both GAAP financial measures and non-GAAP financial measures to help facilitate internal comparisons to Synopsys' historical operating results and forecasted targets, planning and forecasting in subsequent periods and comparisons to competitors' operating results. The following are descriptions of the adjustments made to reconcile non-GAAP financial measures (other than free cash flow, which is defined in the footnote to the Financial Targets table above) to the most directly comparable GAAP financial measures: (i) Amortization of acquired intangible assets. We incur expenses from amortization of acquired intangible assets, which may include impairment charges from write-downs of acquired intangible assets. Acquired intangible assets include, among other things, core/developed technology, customer relationships, contract rights, trademarks and trade names, and other intangibles related to acquisitions. We amortize the intangible assets over their estimated useful lives. We do not enter into acquisitions on a predictable cycle. The amount of an acquisition's purchase price allocated to intangible assets and their estimated useful lives can vary significantly and are unique to each acquisition. From time to time, we incur impairment charges due to write-downs of acquired intangible assets. We believe that the presentation of non-GAAP financial measures that adjust for the amortization of intangible assets, including impairment charges, provides investors and others with a consistent basis for comparison across accounting periods. We also exclude this item because such expenses are non-cash in nature and we believe the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding our core operational performance and liquidity, and ability to invest in research and development and fund future acquisitions and capital expenditures. (ii) Stock-based compensation . Stock-based compensation expenses consist primarily of expenses related to restricted stock units, stock options, employee stock purchase rights and other stock awards, including such expenses associated with acquisitions. We exclude stock-based compensation expense from our non-GAAP financial measures primarily because it is not an expense that typically requires or will require cash settlement by us. Further, the expense for the fair value of the stock-based instruments we utilize may bear little resemblance to the actual value realized upon the vesting or future exercise of the related stock-based awards and, therefore, is not used by management to assess the core profitability of our business operations. (iii) Acquisition/divestiture related items. In connection with certain of our business combinations and/or divestitures, we incur significant expenses that we would not have otherwise incurred as part of our business operations. These expenses include, among other things, compensation expenses, professional fees and other direct expenses, concurrent restructuring activities and divestiture activities, including employee severance and other exit costs, bridge financing costs, costs related to integration activities, changes to the fair value of contingent consideration related to the acquired company, and amortization of the fair value difference of below-market value assets arising from arrangements entered into or acquired in conjunction with an acquisition. We also recognize the gains and losses from the mark-up of equity or cost method investments to fair value upon obtaining control through acquisition. We exclude these items because they are related to acquisitions and have no direct correlation to the core operation of our business. Further, because we do not acquire businesses on a predictable cycle and the terms of each transaction can vary significantly and are unique to each transaction, we believe it is useful to exclude such expenses when looking for a consistent basis for comparison across accounting periods. (iv) Restructuring charges. We initiate restructuring activities to align our costs to our operating plans and business strategies based on then-current economic conditions, and such activities have a specific and defined term. Restructuring costs generally include severance and other termination benefits related to voluntary retirement programs, involuntary headcount reductions and facilities closures. Such restructuring costs include elimination of operational redundancy, permanent reductions in workforce and facilities closures and, therefore, are not considered by us to be a part of the core operation of our business and are not used by management when assessing the core profitability and performance of our business operations. (v) Gains (losses) on the sale of strategic investments. We exclude gains and losses on the sale of equity investments in privately held companies because we do not believe they are reflective of our core business and operating results. (vi) Deferred compensation . We exclude changes in the fair value of our non-qualified deferred compensation plan because we do not use these to assess the core profitability of our business operations. (vii) Income tax effect of non-GAAP pre-tax adjustments . Excluding the income tax effect of non-GAAP pre-tax adjustments from the provision for income taxes assists investors in understanding the tax provision associated with those adjustments and the effect on net income. We utilize an annual non-GAAP tax rate in calculating non-GAAP financial measures to provide better consistency across interim reporting periods by eliminating the effects of certain non-recurring and other period-specific items, which can vary in size and frequency and do not necessarily reflect our normal operations, and to more closely align our tax rate with our expected geographic earnings mix. This annual non-GAAP tax rate is based on an evaluation of our historical and projected mix of U.S. and international profit before tax, taking into account the impact of non-GAAP adjustments, U.S. tax law changes, as well as other factors such as our current tax structure, existing tax positions and expected recurring tax incentives. Based on these considerations, we have elected to adopt a non-GAAP tax rate of 16% for fiscal year 2025. INVESTOR CONTACT : Trey Campbell Synopsys, Inc. 650-584-4289 Synopsys-ir@synopsys.com EDITORIAL CONTACT : Cara Walker Synopsys, Inc. 650-584-5000 corp-pr@synopsys.com View original content to download multimedia: https://www.prnewswire.com/news-releases/synopsys-posts-financial-results-for-fourth-quarter-and-fiscal-year-2024-302322901.html SOURCE Synopsys, Inc.ORCHARD PARK, N.Y. — Josh Allen threw two touchdown passes and ran for another score, and the Buffalo Bills clinched the AFC’s No. 2 seed with a 40-14 rout of the unraveling and undisciplined Jets on Sunday. The Bills put the game away by capitalizing on two Jets turnovers and scoring three touchdowns over a 5:01 span in the closing minutes of the third quarter. Buffalo’s defense forced three takeaways overall and sacked Aaron Rodgers four times, including a 2-yard loss for a safety in the second quarter. Allen had a short and efficient outing, finishing 16 of 27 for 182 yards with a 30-yard TD pass to Amari Cooper and a 14-yarder to Keon Coleman before giving way to backup Mitchell Trubisky with Buffalo leading 33-0 through three quarters. And Trubisky piled on by completing a 69-yard touchdown pass to practice squad call-up Tyrell Shavers 2:23 into the fourth quarter. Allen’s two-TD passing outing was the 64th of his career to match Peyton Manning for the third most in a player’s first seven NFL seasons. Patrick Mahomes holds the record with 67 two-TD outings in that span, followed by Dan Marino’s 65. Allen also became the NFL’s first player with five consecutive 40-TD seasons, while his 1-yard score was the 65th rushing TD of his career, matching the team record held by Thurman Thomas. The five-time defending AFC East champion Bills improved to 13-3 to match a franchise single-season record, and will open the playoffs hosting the conference’s seventh-seeded team in two weeks. The outing was a meltdown for Rodgers and the Jets (4-12), who will finish with five or fewer wins for the seventh time over a 14-season playoff drought — the NFL’s longest active streak. Rodgers, who entered the game with 499 career TD passes and looking to become just the fifth player to reach 500, instead was shut out and replaced by Tyrod Taylor with 12:37 remaining. Discipline was an issue for a Jets team that fell to 2-9 since Jeff Ulbrich took over as interim coach. New York finished with 16 accepted penalties for 120 yards. Taylor accounted for New York’s only points with a 9-yard TD pass to Garrett Wilson and a 20-yarder to Tyler Conklin in a game played in blustery, unseasonably warm conditions, with temperatures in the mid-50s Farenheit (10 Celsius) and winds gusting up to 35 mph (56 kmph). Rodgers finished 12 of 18 for 112 yards with two interceptions after entering the game having thrown only one in his past eight outings. He was also sacked four times, pushing his career total to 568, moving ahead of Tom Brady (565) and into first place on the NFL list. The outing became a comedy of errors for the Jets. Trailing 7-0 after Allen’s 1-yard run, New York’s three possession of the first half ended with turning the ball over on downs Buffalo’s 24; Rodgers being intercepted at his own 17 by defensive tackle Jordan Phillips; and being sacked for a safety by A.J. Epenesa. The bottom fell out to close the third quarter when Rodgers’ being intercepted by Christian Benford led to Cooper’s leaping TD grab put Buffalo up 19-0. James Cook scored on a 1-yard run on Buffalo’s next possession with 1:15 left, and Coleman’s touchdown with 12 seconds left in the third was set up after Wilson lost a fumble.Drones spotted near at least 17 military bases located next to Chinese-owned land in US
NYC High-Net-Worth Divorce Lawyer Juan Luciano Offers Guidance on Protecting Assets in Divorce 12-13-2024 07:40 PM CET | Politics, Law & Society Press release from: ABNewswire Facing the complexities of a high-net-worth divorce can be an emotional and financial challenge. For individuals in New York City with substantial assets, it is essential to protect these resources during a divorce. NYC high-net-worth divorce lawyer Juan Luciano ( https://divorcelawfirmnyc.com/protecting-assets-in-a-high-net-worth-divorce/ ) emphasizes the importance of taking proactive steps to safeguard financial interests and avoid lengthy legal battles. High-net-worth divorces often involve significant financial stakes, including real estate, businesses, investments, and other valuable assets. According to NYC high-net-worth divorce lawyer Juan Luciano, understanding how New York's equitable distribution laws affect asset division is critical. "New York courts divide assets based on what is deemed fair, not necessarily equal. This makes it vital to protect your financial future by taking appropriate measures early in the process," says Luciano. One of the most effective ways to shield assets in a high-net-worth divorce is through prenuptial or postnuptial agreements. As NYC high-net-worth divorce lawyer Juan Luciano explains, "A well-crafted prenuptial agreement establishes how assets will be distributed in the event of a divorce, reducing disputes and ensuring clarity. For those already married, a postnuptial agreement can offer similar protections." These legal instruments allow individuals to define the treatment of assets acquired before or during the marriage, providing clarity in contentious situations. For those without a prenuptial agreement, maintaining clear boundaries between marital and non-marital property is essential. Assets owned before marriage are typically considered separate property, but commingling these resources with marital funds can complicate their classification. Juan Luciano advises his clients to keep personal accounts and property separate to avoid potential disputes during asset division. In cases where disputes over property valuation arise, professional appraisals often play a crucial role. Determining the value of assets such as real estate, businesses, and unique investments often requires specialized expertise. Luciano underscores the importance of accurate valuations, noting that "engaging skilled appraisers ensures that all parties understand the value of the marital estate, facilitating a more equitable distribution of assets." Trusts can also provide an effective way to protect assets during a high-net-worth divorce. By placing property in a trust, individuals can shield these assets from becoming part of the marital estate. Luciano highlights this as a strategic option for safeguarding financial interests while maintaining legal and financial clarity. When litigation becomes necessary, having an experienced NYC high-net-worth divorce lawyer can make a significant difference. Luciano explains, "Negotiating a separation agreement can save time and reduce costs, but when both parties cannot agree, court intervention may be required. Having a skilled attorney ensures your interests are effectively represented throughout the process." For high-net-worth individuals, securing a lawyer with a deep understanding of the complexities involved in asset valuation and division is essential. In high-stakes divorces, mistakes in asset distribution or valuation can result in significant financial losses. Luciano emphasizes the need for careful legal representation to protect clients from unnecessary risks and complications. Beyond asset protection, Luciano also assists clients in negotiating settlement agreements that can minimize the emotional toll and financial burden of prolonged litigation. Settlement agreements offer a binding resolution to property disputes, often avoiding the need for trial. However, when negotiations fail, Luciano's experience in courtroom advocacy ensures his clients are well-prepared to pursue a favorable outcome. Juan Luciano's dedication to his clients extends beyond property division. His approach includes guiding individuals through the often overwhelming legal landscape of divorce, offering reassurance and clarity during a challenging time. He advises his clients to take a proactive approach to asset management and seek professional advice to prepare for potential complications. For those considering divorce, taking steps to protect assets early can make a substantial difference. 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Embeds: Youtube Video: https://www.youtube.com/watch?v=8iBv3jhNfqo GMB: https://www.google.com/maps?cid=4020903599192949720 Email and website Email: juan@divorcelawfirmnyc.com Website: https://divorcelawfirmnyc.com/ Media Contact Company Name: Juan Luciano Divorce Lawyer Contact Person: Juan Luciano Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=nyc-highnetworth-divorce-lawyer-juan-luciano-offers-guidance-on-protecting-assets-in-divorce ] Phone: (212) 537-5859 Address:347 5th Ave #1003 City: New York State: New York 10016 Country: United States Website: https://divorcelawfirmnyc.com/ This release was published on openPR.Companies tighten security after a health care CEO’s killing leads to a surge of threatsMusk causes uproar for backing Germany's far-right party ahead of key elections
Xerox Holdings Co. ( NYSE:XRX – Get Free Report ) traded up 1.9% on Friday . The company traded as high as $9.39 and last traded at $9.34. 386,708 shares changed hands during trading, a decline of 83% from the average session volume of 2,218,109 shares. The stock had previously closed at $9.17. Analyst Ratings Changes A number of analysts have recently commented on XRX shares. StockNews.com upgraded Xerox from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley lowered their price objective on Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Xerox from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.50. Read Our Latest Report on XRX Xerox Price Performance Xerox ( NYSE:XRX – Get Free Report ) last posted its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.26). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.63 billion. Xerox had a positive return on equity of 6.60% and a negative net margin of 21.31%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. Equities analysts forecast that Xerox Holdings Co. will post 1.12 EPS for the current fiscal year. Xerox Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date of this dividend is Tuesday, December 31st. Xerox’s dividend payout ratio is presently -9.06%. Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in XRX. Louisiana State Employees Retirement System raised its position in shares of Xerox by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the information technology services provider’s stock valued at $668,000 after buying an additional 1,500 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Xerox in the 2nd quarter worth approximately $457,000. Mizuho Markets Americas LLC boosted its holdings in shares of Xerox by 282.4% during the 2nd quarter. Mizuho Markets Americas LLC now owns 353,682 shares of the information technology services provider’s stock worth $4,110,000 after purchasing an additional 261,180 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Xerox in the second quarter valued at approximately $78,000. Finally, Verus Capital Partners LLC acquired a new stake in shares of Xerox in the second quarter valued at approximately $802,000. 85.36% of the stock is owned by institutional investors and hedge funds. Xerox Company Profile ( Get Free Report ) Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally. The company operates through two segments, Print and Other; and FITTLE. Further Reading Receive News & Ratings for Xerox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox and related companies with MarketBeat.com's FREE daily email newsletter .CursorFitnessTreadmill.com Launches Online Store, Bringing Fitness Solutions to Every Home