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The former Rivers State Governor, Dr. Peter Odili, on Friday commended Governor Siminalayi Fubara, for stopping the Minister of the Federal Capital Territory (FCT), Nyesom Wike, from turning the state into his private estate. Odili, according to a statement issued on Saturday by the Chief Press Secretary to the Governor, Nelson Chukwudi, spoke at an event he organized for Fubara and his family in Port Harcourt. Fubara and Wike, his predecessor, fell out last year over an alleged bid for control of the state’s resources. The bad blood between the former allies has split Rivers into two camps with personalities in the state, including members of the state House of Assembly and leaders of thought queuing behind the two men. READ ALSO: Wike claims he removed Secondus as PDP National Chairman for Fubara Odili in his remark at the event commended Fubara for the sterling leadership qualities he has demonstrated since he assumed office in May last year. He said: “It is now over 12 months, since the 25th October 2023, when a fierce existential fight, though unnecessary, was waged against Governor Fubara over the soul of Rivers State. “Governor Fubara confronted the challenge, prevented the quest by one man to capture the state as a private estate, emancipated Rivers people, steadied governance, and made civil servants and Rivers people happier as it used to be.” Wike in 2022 credited Odili for his success in politics. The duo had since fallen out over political differences. Opinions Balanced, fearless journalism driven by data comes at huge financial costs. As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake. If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause. Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development. Donate Now- Raising the mid-points of billings, revenue, margins, earnings per share, and free cash flow guidance ranges. - Janesh Moorjani appointed as chief financial officer. SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the third quarter of fiscal 2025. All growth rates are compared to the third quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. For definitions, please view the Glossary of Terms later in this document. Third Quarter Fiscal 2025 Financial Highlights "Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there's more to come in the next phase," said Andrew Anagnost , Autodesk president and CEO. "We will continue to deploy capital to offset and buy forward dilution, a practice which has reduced our share count over the last three years, and have significantly extended the duration of our repurchase program by increasing our stock repurchase authorization. Our goal is to deliver sustainable shareholder value over many years." "We generated broad-based underlying growth across products and regions. Overall, macroeconomic, policy, and geopolitical challenges, and the underlying momentum of the business, were consistent with the last few quarters with continued strong renewal rates and headwinds to new business growth," said Betsy Rafael , Autodesk interim CFO. "Given Autodesk's sustained momentum in the third quarter, and smooth launch of the new transaction model in Western Europe , we are raising the midpoints of our billings, revenue, margins, earnings per share, and free cash flow guidance ranges." Additional Financial Details Third Quarter Fiscal 2025 Business Highlights Net Revenue by Geographic Area Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year Constant currency change compared to prior fiscal year (In millions, except percentages) $ % % Net Revenue: Americas U.S. $ 579 $ 520 $ 59 11 % * Other Americas 126 120 6 5 % * Total Americas 705 640 65 10 % 11 % EMEA 580 516 64 12 % 13 % APAC 285 258 27 10 % 14 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % 12 % ____________________ * Constant currency data not provided at this level. Net Revenue by Product Family Our product offerings are focused in four primary product families: Architecture, Engineering and Construction ("AEC"), AutoCAD and AutoCAD LT, Manufacturing ("MFG"), and Media and Entertainment ("M&E"). Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year (In millions, except percentages) $ % AEC $ 751 $ 675 $ 76 11 % AutoCAD and AutoCAD LT 398 372 26 7 % MFG 307 269 38 14 % M&E 83 73 10 14 % Other 31 25 6 24 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % Business Outlook The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties, some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the fourth quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below or in the tables following this press release. Fourth Quarter Fiscal 2025 Q4 FY25 Guidance Metrics Q4 FY25 (ending January 31, 2025) Revenue (in millions) $1,623 - $1,638 EPS GAAP $1.21 - $1.27 EPS non-GAAP (1) $2.10 - $2.16 ____________________ (1) Non-GAAP earnings per diluted share excludes $0.85 related to stock-based compensation expense, $0.17 for the amortization of both purchased intangibles and developed technologies, and $0.05 for acquisition-related costs, partially offset by ($0.18) related to GAAP-only tax charges. Full Year Fiscal 2025 FY25 Guidance Metrics FY25 (ending January 31, 2025) Billings (in millions) $5,900 - $5,980 Up 14% - 15% Revenue (in millions) (1) $6,115 - $6,130 Up approx. 11% GAAP operating margin 21.5% - 22% Non-GAAP operating margin (2) 35.5% - 36% EPS GAAP $4.95 - $5.01 EPS non-GAAP (3) $8.29 - $8.35 Free cash flow (in millions) (4) $1,470 - $1,500 ____________________ (1) Excluding the impact of foreign currency exchange rates and hedge gains/losses, revenue guidance range would be approximately 1 percentage point higher. (2) Non-GAAP operating margin excludes approximately 11% related to stock-based compensation expense, approximately 2% for the amortization of both purchased intangibles and developed technologies, and approximately 1% related to acquisition-related costs. (3) Non-GAAP earnings per diluted share excludes $3.15 related to stock-based compensation expense, $0.61 for the amortization of both purchased intangibles and developed technologies, $0.23 related to acquisition-related costs, and $0.04 related to losses on strategic investments, partially offset by ($0.69) related to GAAP-only tax charges. (4) Free cash flow is cash flow from operating activities less approximately $30 million of capital expenditures. The fourth quarter and full-year fiscal 2025 outlook assume a projected annual effective tax rate of 20 percent and 19 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings. Earnings Conference Call and Webcast Autodesk will host its third quarter conference call today at 5 p.m. ET . The live broadcast can be accessed at autodesk.com/investor . A transcript of the opening commentary will also be available following the conference call. A replay of the broadcast will be available at 7 p.m. ET at autodesk.com/investor . This replay will be maintained on Autodesk's website for at least 12 months. Investor Presentation Details An investor presentation, Excel financials and other supplemental materials providing additional information can be found at autodesk.com/investor . Key Performance Metrics To help better understand our financial performance, we use several key performance metrics including billings, recurring revenue and net revenue retention rate. These metrics are key performance metrics and should be viewed independently of revenue and deferred revenue. These metrics are not intended to be combined with those items. We use these metrics to monitor the strength of our recurring business. We believe these metrics are useful to investors because they can help in monitoring the long-term health of our business. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP. Glossary of Terms Billings: Total revenue plus the net change in deferred revenue from the beginning to the end of the period. Cloud Service Offerings : Represents individual term-based offerings deployed through web browser technologies or in a hybrid software and cloud configuration. Cloud service offerings that are bundled with other product offerings are not captured as a separate cloud service offering. Constant Currency (CC) Growth Rates: We attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates as well as eliminating hedge gains or losses recorded within the current and comparative periods. We calculate constant currency growth rates by (i) applying the applicable prior period exchange rates to current period results and (ii) excluding any gains or losses from foreign currency hedge contracts that are reported in the current and comparative periods. Design Business: Represents the combination of maintenance, product subscriptions, and all EBAs. Main products include, but are not limited to, AutoCAD, AutoCAD LT, Industry Collections, Revit, Inventor, Maya and 3ds Max. Certain products, such as our computer aided manufacturing solutions, incorporate both Design and Make functionality and are classified as Design. Enterprise Business Agreements (EBAs): Represents programs providing enterprise customers with token-based access to a broad pool of Autodesk products over a defined contract term. Flex: A pay-as-you-go consumption option to pre-purchase tokens to access any product available with Flex for a daily rate. Free Cash Flow: Cash flow from operating activities minus capital expenditures. Industry Collections: Autodesk Industry Collections are a combination of products and services that target a specific user objective and support a set of workflows for that objective. Our Industry Collections consist of: Autodesk Architecture, Engineering and Construction Collection, Autodesk Product Design and Manufacturing Collection, and Autodesk Media and Entertainment Collection. Maintenance Plan: Our maintenance plans provide our customers with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance plans, customers are eligible to receive unspecified upgrades when and if available, and technical support. We recognize maintenance revenue over the term of the agreements, generally one year. Make Business: Represents certain cloud-based product subscriptions. Main products include, but are not limited to, Assemble, Autodesk Build, BIM Collaborate Pro, BuildingConnected, Fusion, and Flow Production Tracking. Certain products, such as Fusion, incorporate both Design and Make functionality and are classified as Make. Net Revenue Retention Rate (NR3): Measures the year-over-year change in Recurring Revenue for the population of customers that existed one year ago ("base customers"). Net revenue retention rate is calculated by dividing the current quarter Recurring Revenue related to base customers by the total corresponding quarter Recurring Revenue from one year ago. Recurring Revenue is based on USD reported revenue, and fluctuations caused by changes in foreign currency exchange rates and hedge gains or losses have not been eliminated. Recurring Revenue related to acquired companies, one year after acquisition, has been captured as existing customers until such data conforms to the calculation methodology. This may cause variability in the comparison. Other Revenue: Consists of revenue from consulting, and other products and services, and is recognized as the products are delivered and services are performed. Product Subscription: Provides customers a flexible, cost-effective way to access and manage 3D design, engineering, and entertainment software tools. Our product subscriptions currently represent a hybrid of desktop and cloud functionality, which provides a device-independent, collaborative design workflow for designers and their stakeholders. Recurring Revenue: Consists of the revenue for the period from our traditional maintenance plans, our subscription plan offerings, and certain Other revenue. It excludes subscription revenue related to third-party products. Recurring revenue acquired with the acquisition of a business is captured when total subscriptions are captured in our systems and may cause variability in the comparison of this calculation. Remaining Performance Obligations (RPO): The sum of total short-term, long-term, and unbilled deferred revenue. Current remaining performance obligations is the amount of revenue we expect to recognize in the next twelve months. Solution Provider : Solution Provider is the name of our channel partners who primarily serve our new transaction model customers worldwide. Solution Providers may also be resellers in relation to Autodesk solutions. Spend : The sum of cost of revenue and operating expenses. Subscription Plan: Comprises our term-based product subscriptions, cloud service offerings, and EBAs. Subscriptions represent a combined hybrid offering of desktop software and cloud functionality which provides a device-independent, collaborative design workflow for designers and their stakeholders. With subscription, customers can use our software anytime, anywhere, and get access to the latest updates to previous versions. Subscription Revenue: Includes our cloud-enabled term-based product subscriptions, cloud service offerings, and flexible EBAs. Unbilled Deferred Revenue: Unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans for subscription, services, and maintenance for which the associated deferred revenue has not been recognized. Under FASB Accounting Standards Codification ("ASC") Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Condensed Consolidated Balance Sheet. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Our estimates as to tax rate are based on current interpretations of existing tax law and could be affected by changing interpretations, further guidance, and additional tax legislation. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. About Autodesk The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk uses its investors.autodesk.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts. Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. © 2024 Autodesk, Inc. All rights reserved. Autodesk, Inc. Condensed Consolidated Statements of Operations (In millions, except per share data) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) Net revenue: Subscription $ 1,457 $ 1,314 $ 4,195 $ 3,777 Maintenance 9 12 31 40 Total subscription and maintenance revenue 1,466 1,326 4,226 3,817 Other 104 88 266 211 Total net revenue 1,570 1,414 4,492 4,028 Cost of revenue: Cost of subscription and maintenance revenue 105 94 305 285 Cost of other revenue 19 21 57 62 Amortization of developed technologies 23 12 62 34 Total cost of revenue 147 127 424 381 Gross profit 1,423 1,287 4,068 3,647 Operating expenses: Marketing and sales 525 439 1,474 1,344 Research and development 378 339 1,092 1,021 General and administrative 161 165 477 438 Amortization of purchased intangibles 13 10 37 31 Total operating expenses 1,077 953 3,080 2,834
Sasha Farber and Jenn Tran made their mark on Dancing With The Stars , but now they’ve taken their skills on the road to Taylor Swift ’s Eras Tour. The Dance pro, 40, and his Bachelorette alum dance partner, 27, partied the night away at night two of Swift’s Vancouver concerts on Saturday, December 7. Both Farber and Tran documented their night out on the town via their respective social media accounts, with Farber posting a series of Instagram snaps that featured the duo in their concert outfits. “Festive holiday looks by @amazon,” he captioned a photo. Farber wore a color blocked sweater, while Tran rocked a chic blue jacket and a pair of sparkly black boots. “@JennTran living her best life,” he captioned another pic of his celebrity dance partner. Tran, for her part, also documented the evening, even posting a video via TikTok that she captioned, “Miss americana and her Heartbreak prince,” a song title off Swift’s 2019 album, Lover. In the clip, Tran lip-synced to “Miss Americana and the Heartbreak Prince” with different videos taken throughout her DWTS journey, all the way to her night out with Farber. While the two were eliminated from the long-running dance competition in week 6, they have stayed in the spotlight, sparking romance rumors thanks to their close and flirty dynamic. Speculation that they are more than friends first sparked when Farber called Tran “babe” in a TikTok video on Monday, September 23. She later admitted that she’s been staying at Farber’s home. Miss americana and her Heartbreak prince #taylorswift #swifttok #taylor #erastour #vancouver ♬ original sound – Tswizzle 🪩💗🐍 “Sometimes I crash on his couch,” she exclusively told Us Weekly last month. Farber, for his part, joked that Tran “needs to look for a house.” During a November appearance on Tish Cyrus‘ “Sorry We’re Cyrus” podcast, Tran said she and Farber were “BFFs for life.” Cyrus subsequently referred to Farber as Tran’s boyfriend later in the episode, to which Tran replied, “Oh, God. If you say boyfriend, he’s going to freak out.” Whatever their relationship status, the duo had the night of their lives dancing along with Swift’s discography on Saturday. However, their Swiftie adventure almost didn’t happen due to some passport drama. Tran shared in a Saturday TikTok video that she realized she left her ID behind and wouldn’t be able to go to Canada. “I immediately call my friend Erin,” she said in the December 6 video, explaining that she asked a friend to mail her the passport. “UPS just happens to be around the corner from my apartment, so she went to UPS. What could possibly go wrong?” However, things did not go according to plan. You have successfully subscribed. By signing up, I agree to the Terms and Privacy Policy and to receive emails from Us Weekly Check our latest news in Google News Check our latest news in Apple News “Tuesday comes, passport doesn’t come,” Tran continued. “Wednesday comes around, didn’t come by 9 p.m. So, at that point, I’m panicking because I have a flight to make the next day.” Tran said that ultimately, Farber was able to help her get what she needed. “At around 3:30, he goes out to go to the bank or whatever, and then he runs into a UPS truck,” he said. “Pretty much pulled this guy over. He stopped UPS.”
SC dismisses fundamental rights applications filed against LTL Holdings IPOThe Philadelphia Flyers beat the Anaheim Ducks 3-1 in Saturday’s contest, powered by the fire-catching Noah Cates, and timely scoring from Morgan Frost and Joel Farabee. The Flyers improved to 16-16-1 with their road win. In case you have been living under a rock , the Tyson Foerster – Noah Cates – Bobby Brink line has been heating up as of late, primarily thanks to Noah Cates. Cates has scored a goal in each of the Flyers’ last five games, including Saturday against the Ducks. While he may not be the dynamic center that the Flyers have been searching for, Cates’ recent play has been a bright spot for the Flyers. Flyers rookie phenom Matvei Michkov has been slumping as of late. He has not registered a point since December 10th against Columbus. While no official comments were made, there was some speculation that Michkov could see some time in the press box as a healthy scratch before the new year. Michkov was in the initial lineup Saturday but was absent in the third period, including on the power play. It would not be crazy to think Michkov could be a healthy scratch in the near future. Sam Ersson earned a much-needed win against the Ducks, only allowing one goal on 32 shots. The Flyers have not seen much consistency from their netminders and have been searching for a goalie to separate themself from the pack. Ersson stood on his head against the Ducks and turned in a stellar performance, one that should help him build some confidence going down the line. The Flyers will remain on the West Coast as they are set to take on the LA Kings on Sunday at 9:00 p.m. EST. This article first appeared on Philly Hockey Now and was syndicated with permission.One person died in Ecuador and ports closed across Peru as massive waves up to four meters (13 feet) high pummeled the region, officials said Saturday. Many beaches along the central and northern stretches of the Peruvian coastline were closed to prevent risk to human life, local authorities said. Waves there submerged jetties and public squares, sending residents fleeing to higher ground, according to images on local media. In neighboring Ecuador, the National Secretariat for Risk Management said a body was recovered in the coastal city of Manta. "The Manta Fire Department reported that, at 6:00 am, the body of a missing person was found lifeless in the Barbasquillo sector," the agency announced on social media. Peru closed 91 of its 121 ports until January 1, the National Emergency Operations Center said on its X social media account. The municipality of Callao, close to the capital Lima and the location of the country's main port, closed several beaches and barred tourist and fishing boats from venturing out. "These waves are being generated thousands of kilometers away from Peru, off the coast of the United States," navy Captain Enrique Varea told Channel N television. "They are waves generated by a persistent wind on the surface of the ocean that is approaching our coasts," he said. Dozens of small fishing boats and businesses near the sea were affected, according to images broadcast on television and social networks. axl/rmb/nro/acb
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Indiana coach Mike Woodson is happy that his team has won three straight games but concerned that it's committing too many turnovers. Limiting miscues is at the top of his wish list for Monday night's Big Ten Conference opener against visiting Minnesota in Bloomington, Ind. While the Hoosiers (7-2) shot 53.8 percent and dominated Miami (Ohio) 46-29 on the glass during a 76-57 win at home Friday night, they also had more turnovers (16) than assists (15). Having played for Bob Knight at Indiana, Woodson is fanatical about his team executing its offense without making mistakes. "We were taking chances on passes that weren't there," Woodson said. "We have to fix it. If we start Big Ten play like that, it puts you in a hole." In between careless mistakes, the Hoosiers got a huge game out of Oumar Ballo, the Arizona transfer who had 14 points, 18 rebounds and six assists. It was his 35th career double-double but his first at Indiana. Ballo (12.7 points per game, 9.3 rebounds) is one of four players averaging double figures for the Hoosiers. They're led by Malik Reneau, who's hitting for 15.4 ppg on 58.9 percent shooting. While Indiana tries to fine-tune its game, the Golden Gophers (6-4, 0-1 Big Ten) aim to get to the .500 mark in conference play after absorbing a 90-72 beating Wednesday night against visiting Michigan State. There was good news for Minnesota in that game. Mike Mitchell Jr. returned to the lineup after missing seven games with a high ankle sprain and drilled 5 of 9 3-pointers in a 17-point performance. Mitchell's shooting should aid an attack that ranks 311th in Division I in 3-point percentage at 29.7 percent as of Sunday. "He's a difference-maker in terms of being able to space the floor," Gophers coach Ben Johnson said of Mitchell. "He provides offensive firepower and a guy who can make shots and take pressure off our offense." Dawson Garcia leads the team at 19 ppg, while Lu'Cye Patterson and Mitchell are scoring 10 ppg. The Hoosiers own a 109-69 lead in the all-time series. --Field Level Media( ) shares could be a great option for . That's the view of analysts at Bell Potter, which believe that the ASX dividend stock could generate big returns for income investors. What is Smartgroup? Smartgroup is a leading Australian provider of employee benefits, salary packaging, and fleet management and software solutions. At the last count, it had over 400,000 salary packages and 64,000 novated leases under management. It operates a vertically integrated model by offering standalone and complementary products in administration, vehicle sourcing and lifecycle management, finance procurement, and the sale of ancillary product consumables. Its clients include workers from the healthcare, government, education, not-for-profit, and corporate sectors. Bell Potter is very positive on the company and has a buy rating and $10.00 price target on its shares. Based on where the ASX dividend stock is currently trading, this implies potential upside of 27% for investors over the next 12 months. This means that if you were to invest $10,000 in its shares, it would turn into $12,700 if Bell Potter is on the money with its recommendation. It likes the company due to its attractive valuation, defensive earnings, and positive outlook. It said: Smartgroup is an industry-leading provider of employee benefits, end-to-end fleet management and software solutions with over 400,000 salary packages and 64,000 novated leases under management. SIQ looks well priced given a forward P/E of ~14.5x, a defensive client base, earnings tailwinds from the Electric Car Discount Bill (exempts low or zero emission vehicles from Fringe Benefits Tax), an ROE of ~30% and a strong balance sheet. Our favourable investment view is predicated on: (1) defensive customer segments with strong forecast occupational growth within the disability and aged care services; (2) the Electric Car Discount Bill (2022) which exempts new energy vehicles from Fringe Benefits Tax; and (3) a greater availability and selection of new energy vehicles, particularly in the mid-to-large Sports Utility segment. What about passive income? Bell Potter is forecasting the company to pay a fully franked 59.7 cents per share dividend in FY 2025. This equates to a very generous of approximately 7.6%. This means that a $10,000 investment would pull in approximately $760 of passive income in FY 2025. But wait, there's more! Bell Potter expects a dividend increase to 62.7 cents per share in FY 2026. This is the equivalent of an 8% dividend yield and would generate a further ~$800 of income. Combined with the strong potential capital gains, it's no wonder this ASX dividend stock is highly rated by the broker.
Game ball, three stars, and snap count analysis: Week 12, Eagles at RamsThe Vancouver Canucks roll into Boston to take on the Bruins at TD Garden this Tuesday. Both teams are coming off mixed performances, and with a packed schedule ahead, this matchup is a chance to build momentum and grab some much-needed points. How to Watch Vancouver Canucks vs Boston Bruins: The Canucks come into tonight's game with a 10-6-2 record on the season after a 4-3 win over the Senators on Saturday. Vancouver is gearing up for a packed stretch, with games against the Penguins, Sabres, and Red Wings looming. The Canucks have been solid offensively, averaging 3.21 goals per game and capitalizing on 20.3% of their power-play chances. Brock Boeser has been lighting the lamp with six goals, while Quinn Hughes has been dishing out assists like a machine, racking up 15 already. Meanwhile, the Bruins are coming off wins against the Utah Hockey Club and the Red Wings. While they're getting results, their offense has been less than electric, averaging 2.32 goals per game and converting a mere 12.8% of power-play opportunities. David Pastrnak is doing his part, leading the team with eight goals, while Brad Marchand has been a steady playmaker with nine assists. Pavel Zacha is peppering goalies with 50 shots, but the Bruins will need more offensive firepower to keep up with Vancouver's scoring threats. This will be a good one on Tuesday, make sure to tune in on ESPN+ and catch all the NHL action tonight. WATCH: Vancouver Canucks vs. Boston Bruins live exclusively on ESPN+ If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
By Ja'han Jones Rapper Sean “Diddy” Combs name-checked Donald Trump in his latest attempt to secure bail amid his ongoing sex trafficking case. And federal prosecutors aren’t feeling it. On Monday, Combs’ attorneys filed a letter affirming their belief that his request for bail should be granted. This was required by Judge Arun Subramanian after prosecutors claimed that Combs should be denied bail because he was allegedly trying to to manipulate witnesses from jail and influence potential jurors . The letter says Combs is “not required to sit idly by” amid a “nonstop drumbeat of negative publicity [that] has destroyed his reputation and will make it virtually impossible for him to receive a fair trial.” The letter continues: He has a right to a fair trial and a constitutional right to speak out on his own behalf. The government’s arguments that asking his children to post birthday wishes on Instagram and that he is not entitled to publicly express his opinion that this prosecution is racially motivated are, quite simply, an unconstitutional effort to silence him. So Combs is seeking the Trump treatment and asking the judge to apply the broad First Amendment protections that the president-elect was afforded in his federal election interference case in Washington. “In United States v. Trump , the D.C. Circuit ‘assume[d] without deciding that the most demanding scrutiny applies to’ pre-trial speech restrictions on criminal defendants, ‘and that only a significant and imminent threat to the administration of criminal justice will support restricting [a defendant’s] speech,’” Combs’ lawyers wrote. Trump, of course, went nuts on social media under his partial gag order in D.C. The lawyers also contend that the judge should apply the Jan. 6 case’s “heightened standard when considering Mr. Combs’ speech here.” Trump, of course, went nuts on social media under his partial gag order in D.C. But prosecutors in the Southern District of New York are raising a seemingly obvious difference between Combs and Trump. In Trump’s case, the court “faced the unique task of balancing the right of a current candidate for the presidency to speak publicly about his charges against the public’s right in a fair trial,” the prosecutors wrote in response Monday. The prosecutors argued that “[t]hose same First Amendment interests are not at stake here,” adding: Further, the defendant’s comments go well beyond attempts to claim that he is innocent of the charges against him and make clear that he intends to use the press to deliberately manipulate “outside influences to be biased in his favor.” The judge is expected to rule on Combs’ latest bail attempt — his third, after two failed tries — sometime this week. As someone who has written about the disturbing similarities between Combs and Trump , it comes as no surprise that the former is now adopting the latter’s legal strategy. Ja'han Jones is The ReidOut Blog writer. He's a futurist and multimedia producer focused on culture and politics. His previous projects include "Black Hair Defined" and the "Black Obituary Project."Inmates should help train prison guards as part of a “radical transformation” of the role, a report has recommended. The Prison Reform Trust (PRT), a charity that was led by Lord Timpson until he was appointed prisons minister in July, said that prisoners should be involved in both the design and delivery of officer training and development programmes, while former prisoners should help to recruit officers and support them during their induction. Detailed interviews with prisoners in jails across the country found that inmates consistently identified building rapport as the most crucial skill for effective prison officers. However, the report warned that the prison service stands at a “crucial turning point”, with only a minority of current staff having direct experience of the traditional relationship-based model of prison management that has historically characterised the system in England and Wales. It said there should be more opportunities for prisoners and staff to build relationships through shared activities such as cooking, a recommendation widely backed by the inmates consulted as part of research.
2 accused of raping minors
SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024 . Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE: ESTC), the Search AI Company. Reporting to chief executive officer Andrew Anagnost , Moorjani will lead and oversee Autodesk's global finance organization. Moorjani will succeed interim chief financial officer Elizabeth "Betsy" Rafael, who will serve as an advisor to the company through the end of fiscal 2025 and will continue to serve on Autodesk's Board of Directors, resuming her status as an independent director following the transition period and end of her employment by the company. "We are excited to welcome such a high-caliber and seasoned CFO in Janesh," said Andrew Anagnost , president and CEO of Autodesk. "His deep finance and software experience will be instrumental in supporting Autodesk's continued momentum with sustained growth and enhanced profitability. I look forward to partnering with Janesh to drive Autodesk's successful path forward and continue creating additional value for our stockholders. I also thank Betsy for stepping into the interim CFO role at an important time for Autodesk, and for her continued contributions both through the transition and as a qualified and experienced board member moving forward." Moorjani brings strong experience leading dynamic public software companies. He recently was CFO of Elastic since 2017 and assumed the additional responsibilities of COO in 2022. Prior to Elastic, he served in executive and leadership roles at Infoblox, VMware, Cisco, PTC, and Goldman Sachs. He currently serves on the Board of Directors of Cohesity, a leading AI-powered data security and data management company. "I am thrilled to join Autodesk and work with Andrew, the company's strong management team and the Board to capitalize on the compelling growth opportunities we have ahead," said Moorjani. "Autodesk has established a clear leadership position as a technology innovator by providing differentiated and connected solutions that allow customers across industries to design and make anything. I look forward to working with the team to build on Autodesk's strong financial foundation to drive continued growth, profitability and free cash flow to ultimately deliver sustainable stockholder value." ABOUT AUTODESK The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. SAFE HARBOR STATEMENT This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements regarding our strategies, performance, results, growth, profitability and free cash flow, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. View original content to download multimedia: https://www.prnewswire.com/news-releases/autodesk-appoints-janesh-moorjani-as-chief-financial-officer-302316577.html SOURCE Autodesk, Inc.Actor Jung Woo-sung, left and model Moon Ga-bi / Courtesy of Artist Company, Catured from Moon's social media account Model Moon Ga-bi refuted speculation about her relationship with actor Jung Woo-sung on Saturday, saying she never asked him to marry her in order to get child support after becoming pregnant with his child. Moon addressed the speculation for the first time after news broke last month that the two had had a son outside of marriage. "I chose to take the path of silence for everyone's sake, but I was not protected, and in the end I decided to post an open message on my personal social media account in order to protect my child," she wrote on the account. Moon went on to refute the speculation that she became pregnant without properly dating the child's father and later demanded he marry her in order to get child support but was rejected. "We met at a gathering in 2022 and got to know each other well until the last day of 2023," she wrote. "Since sometime in January 2024, I have never met face to face with the child's father and have never demanded marriage or anything else from him because of my pregnancy." Moon said she did her best in their relationship and the decision "to meet our child, who came to us as a gift, was a choice made by both of us as parents." "This child was neither a mistake nor the result of a mistake," she said. Jung addressed the controversy during an appearance at an awards ceremony late last month, saying he will "fulfill my responsibilities as a father until the end." (Yonhap)is not here for the haters. The 70-year-old mother of fiercely defended her daughter's dazzling halftime performance at the game, addressing critics with a fiery Instagram post. Reposting a fan's comment that read, Tina and delivered a pointed message to trolls. Knowles wrote. She didn't stop there, with Beyoncé. Critics are frustrated fans: Tina Knowles To finish off the haters, the matriarch of the clan said, Houston halftime show, dubbed the lived up to its name . Dressed in a white-feathered gown, cowboy hat, and a striking red, white, and blue sash, . She performed hits like with Shaboozey and alongside Post Malone. In a touching moment, , Blue Ivy, for a mother-daughter duet of The Beyoncé Bowl In view of her daughter's success, Tina offered , suggesting the critics skip Beyoncé's next performance and instead. Drawing strength , Knowles quoted scripture, saying, and praised Beyoncé's The performance , and wasted no time, announcing that the 13-minute show is now streaming as . As for Tina Knowles? She's made it crystal clear: trolls may try, .
Chase bank branch on 21st and Mission to shut down next week
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