Srinagar, Dec 28, 2024- Jammu & Kashmir Chief Minister Omar Abdullah on Saturday convened a video conference meeting with all districts across the Union Territory to review snow clearance operations and restoration of essential services following heavy snowfall in Kashmir valley, an official statement said. The snowfall, which began on Friday has disrupted normal life in many districts across the valley. During the meeting, Deputy Commissioners presented updates on snow clearance, restoration of power and water supply and emergency response to deal with the inclement weather. “The Chief Minister directed Deputy Commissioners to personally supervise snow clearance operations, emphasising the need to obtain photographic evidence of cleared areas to ensure thorough removal and prevent freezing road conditions as temperatures drop,” the statement said. “He called for a proactive approach, urging officials to deploy adequate manpower and machinery on the ground.” District administrations were instructed to provide two-hourly updates to the CM’s office and the Chief Secretary’s office to keep the government apprised of the situation. The Chief Engineer of Public Health Engineering (PHE) informed the CM that 90 per cent of the water supply across the valley has been restored, with efforts underway to address the remaining 10 per cent. The Divisional Commissioner of Jammu reported that power and water supply in Jammu districts remain unaffected, while the Chief Secretary confirmed steady progress in restoring electricity feeders and assured that district hospitals are functioning smoothly. “The Chief Minister stressed the importance of ensuring 100 per cent attendance of doctors and paramedical staff at all district and sub-district hospitals to effectively manage emergencies,” the statement added. “Special instructions were issued to Deputy Commissioner, Budgam to coordinate with airport authorities to assist stranded tourists and to provide transportation if required. The Divisional Commissioner Kashmir assured that sufficient stocks of essential commodities, including food and other civil supplies, are available in all districts. Commending officials for their efforts, the Chief Minister urged them to remain vigilant, proactive, and responsive to the needs of the people during this challenging period. “He emphasised the importance of seamless coordination and uninterrupted services to mitigate the impact of the snowfall on the public,” the statement further added.(Agency)The final day of racing at Irwindale Speedway was both a party and a wake, one that began just after high noon last Saturday and ended just before Sunday started. There were funeral speeches — eulogies, if you like — tears and sadness. But there were also beach balls, cheers, flags and fireworks. In between there was racing — a lot of racing — with more than 140 drivers taking to the track in almost anything that had wheels and an engine before the final car crossed the finish line just before midnight. Irwindale has long been home to the weird, wacky and wonderful, from trailer and figure-8 races to all-female demolition derbies and RV auto soccer. It was where drifting got its start in the U.S., the wide, banked asphalt track perfectly suited for what has become one of the fastest-growing racing series in the country. And it was where a radio-controlled car hit a world-record speed of 111 mph. The track is — was? — historic and iconic so its closing after a quarter-century is another blow in what has been a long, slow decline of auto racing in southern California. A generation ago there were nearly a dozen tracks hosting regular events, from the Riverside International Raceway and the hulking Ontario Motor Speedway in the Inland Empire to Ascot Park's half-mile dirt track near Gardena and Saugus Speedway, a third-mile oval built in a former rodeo arena in Santa Clarita. Just a handful are left with even NASCAR at least temporarily pulling up stakes, selling most of the land Auto Club Speedway stood on in Fontana and leaving Southern California off its racing schedule for just the second time since 1997. That has left racing fans out in the cold while depriving up-andcoming drivers of the time they need behind the wheel to learn the sport. "It's devastating," said 26-year-old Evelyn Vega, who has been making the 10-mile drive from San Dimas to Irwindale for more than half her life. "It's just so close that we would come as a weekend activity," Vega said as her 18-month nephew, Maximilliano, sat behind the wheel of a Menards Series West car in the garage area. "My dad loves the racing. We grew up with it." Nearby, Donna Gunther, 67, who has been driving race cars twice as long as Vega has been alive, strapped into her battered No. 88 car — she would finish sixth in street stocks. Gunther's home is Las Vegas and she once had several tracks scattered between here and there at which to race. No longer. "That's what makes it so hard to race in Southern California," said crew member Matt Jackson, who has seen more than a half-dozen tracks close. Land value Most of Southern California's tracks met their demise in the final decade of the 20th century when the land they sat on became more valuable for warehouses, shopping centers, storage yards and townhouses. Even the 71-year-old Willow Springs International Raceway in Kern County, a 600-acre complex of eight tracks that is home to the oldest permanent road course in the U.S., is up for sale, although spokesman Rick Romo said plans are to keep the site a racetrack. Irwindale, which opened in 1999, was meant to help fill the void created by all those track closings, but it got off to an inauspicious start when a 23-year-old sprint-car driver named Casey Diemert died after hitting the wall during the track's first practice session. The $7-million facility was unique because of its versatility, boasting halfand third-mile banked oval tracks, a drag strip and a 6,500-seat grandstand. And its location in the armpit of the 605 and 210 freeways made it easily accessible from anywhere in the Southland. In their heyday the tracks, nestled atop a former rock and sand quarry, were staples of NASCAR's West Coast-based regional series, hosting nationally televised events, including the Toyota All-Star Showdown and NASCAR Cup Series drivers such as Tony Stewart, Jason Leffler and J.J. Yeley. But the track's owners filed for bankruptcy in 2012 and plans were made to demolish the facility and replace it with an outlet mall. Those plans changed when Tim Huddleston, a former champion driver who won 45 races at the track — ranking him among the top 10 drivers all-time — took over management at Irwindale in the final week of 2017, giving the facility a second chance. That rebirth was short-lived, however, with Los Angeles-based IDS Real Estate purchasing the 63-acre site in 2022, then announcing in September the track would give way to an industrial park and commercial development. "Losing a track like Irwindale is definitely going to be a big blow to auto racing, NASCAR circle-track racing," said Ryan Vargas, who watched his first race at Irwindale as a 9-year-old and returned to run in Saturday's final event, only to have his night end in a crash with six laps left in the pro late model main event. "Irwindale was my home. There will definitely be a hole in that market." But track closings aren't just an issue in Southern California. Vargas, a La Mirada native who has relocated to North Carolina, said iconic short tracks have also been shuttered recently in places like Greenville, S.C., and Midland, N.C., the heart of stock-car country. "There's so many drag strips, so many short tracks falling victim to land development and stuff like that," said Vargas, who called Irwindale the best short track in the country. "It's happening everywhere. It's a really tough world for racing because of all the valuable real estate." Many tracks, such as the ones in Riverside and Santa Clarita, were built in rural areas when the land was cheap. As suburban sprawl pushed cities farther and farther out, that land became more valuable for shopping centers and warehouses while neighbors began complaining of the noise from the thundering, angry bark of the stock-car engines. Promoters were also hurt by falling attendance, which cut into their already narrow profit margins. "These race tracks, they're passion projects right? They don't really turn big profits," Vargas said. "These tracks don't have TV dollars. These tracks just have ticket sales and entry fees. That's their only source of income. "That's difficult. It's hard to keep up with the changing times." Drivers affected That's bound to have an impact on the deelopment of young drivers, who have traditionally depended on short tracks to learn their craft the same way baseball players rely on the minor leagues. "That teaches you racing right there," said Ron Hornaday Jr., who began his career driving stock cars at Saugus Speedway and went on to become a four-time champion in NASCAR's Craftsman Truck Series. "It taught you moving people out of the way and getting moved out of the way, of not running into them. And doing it with finesse. "You can't teach that; just being in a race car and making laps." Consider Vargas' driver's education. After watching that first race from the stands at Irwindale, he was hooked on the sport and by age 12 he was racing Bandoleros — entry-level cars that are slow to accelerate and top off at 70 mph — at the track. He quickly advanced to super late models and before his 20th birthday he had graduated to the NASCAR Xfinity Series, where he now races full time. "This is where I learned to race," said Vargas, who brought his family back for Saturday's finale, which seemed appropriate since Irwindale has long been a family track, with sons — and daughters — following their fathers and grandfathers from the stands to the pits and into the driver's seat. Huddleston's son Trevor dominated Saturday's first race, an ARCA Menards Series West exhibition, and will finish as Irwindale's alltime leader with 87 career wins, according to track officials. "Everybody likes to think of NASCAR as being an East Coast, Southern sport," said Vargas, 24, whose primary sponsor is Santa Fe-based Swann Security. "But there a lot of very, very talented drivers on the West Coast. Without having a short track there, they may not even have a chance." That was especially true for Vargas, who couldn't drive himself to the races in those early days since he wasn't old enough to get a license. If there hadn't been a track 15 miles from his parents' house, Vargas might never had gotten the opportunity to race. There are still places that provide that in Southern California, but they are shrinking in number. The Orange Show Speedway, a quarter-mile asphalt oval in San Bernardino, has been around for 77 years, helping launch the careers of NASCAR Cup champions Kevin Harvick and Kurt Busch. It still offers races in various stock car divisions as does the Perris Auto Speedway in Riverside County and the Ventura Raceway. Meanwhile Huddleston, who squeezed a few final seasons out of the Irwindale track, is moving to Bakersfield, where he has teamed with Harvick, a Bakersfield native, to refurbish the former Kern County Raceway Park as Kevin Harvick's Kern Raceway, a 120-acre motorsports facility with a halfmile asphalt oval and a one-third-mile dirt one. Yet for beginning drivers from L.A. and Orange County, who are struggling to race on a shoestring budget, that track might just as well be on another planet. "It's just a two-hour drive but that's gas money, that's towing a trailer, that's potentially hotel stays," Vargas said. "So it's a struggle if you're operating on a budget. When we were getting our foot in the door we drove to Bakersfield and then drove home the night of practice because we didn't want to buy a hotel room." Getting started in racing has always been expensive and for many drivers — and fans —Irwindale's closing will raise those costs. So as much as Saturday's finale was a party and a wake, it also marked the end of an era for racing in Southern California when Jeffrey Peterson took the final checkered flag in track history. Sometime in the wee hours Sunday morning, the lights over the speedway went dark for the last time. Get local news delivered to your inbox!SAN FRANCISCO--(BUSINESS WIRE)--Dec 3, 2024-- Salesforce (NYSE: CRM), the #1 AI CRM, today announced results for its third quarter fiscal 2025 ended October 31, 2024. "We delivered another quarter of exceptional financial performance across revenue, margin, cash flow, and cRPO,” said Marc Benioff, Chair and CEO, Salesforce. “Agentforce, our complete AI system for enterprises built into the Salesforce Platform, is at the heart of a groundbreaking transformation. The rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale. With Agentforce, we’re not just witnessing the future—we’re leading it, unleashing a new era of digital labor for every business and every industry." “We continue to drive disciplined profitable growth with third quarter GAAP operating margin of 20.0%, up 280 basis points year-over-year, and non-GAAP operating margin of 33.1%, up 190 basis points year-over-year,” said Amy Weaver, President and CFO of Salesforce. “To date, our total capital returns have surpassed $20 billion and we remain focused on driving shareholder value.” Third quarter GAAP diluted net income per share was $1.58 and non-GAAP diluted net income per share was $2.41. During the three months ended October 31, 2024, losses on strategic investments impacted GAAP diluted net income per share by $(0.17) on a U.S. tax rate of 24.5% and non-GAAP diluted net income per share by $(0.18) on a non-GAAP tax rate of 22.0%. Our guidance includes GAAP and non-GAAP financial measures. Total Revenue $9.90 - $10.10 Billion $37.8 - $38.0 Billion Y/Y Growth 7 - 9% 8 - 9% FX Impact (1) ($25M) Y/Y FX ($100M) Y/Y FX Subscription & Support Revenue Growth (Y/Y) (2)(3) N/A Slightly below 10%, Approx 10% CC GAAP Operating Margin N/A 19.8% Non-GAAP Operating Margin (3) N/A 32.9% GAAP Diluted Net Income per Share (3) $1.55 - $1.60 $6.15 - $6.20 Non-GAAP Diluted Net Income per Share (3) $2.57 - $2.62 $9.98 - $10.03 Operating Cash Flow Growth (Y/Y) N/A 24% to 26% Current Remaining Performance Obligation Growth (Y/Y) Approximately 9% N/A FX Impact (4) ($100M) Y/Y FX N/A (1) Revenue FX impact is calculated by taking the current period rates compared to the prior period average rates. (2) Subscription & Support revenue excludes professional services revenue. (3) Non-GAAP CC revenue growth, non-GAAP operating margin and non-GAAP Diluted net income per share are non-GAAP financial measures. See below for an explanation of non-GAAP financial measures. The Company's shares used in computing GAAP Diluted net income per share guidance and non-GAAP Diluted net income per share guidance excludes any impact to share count from potential Q4 FY25 repurchase activity under our share repurchase program. (4) Current Remaining Performance Obligation FX impact is calculated by taking the current period rates compared to the prior period ending rates. (5) Guidance assumes contributions from acquisitions of Zoomin Software Ltd. and Own Data Company Ltd., which closed in November 2024. The following is a reconciliation of GAAP operating margin guidance to non-GAAP operating margin guidance for the full year: GAAP operating margin (1) 19.8% Plus Amortization of purchased intangibles (2) 4.3% Stock-based compensation expense (2)(3) 8.4% Restructuring (2)(3) 0.4% Non-GAAP operating margin (1) 32.9% (1) GAAP operating margin is the proportion of GAAP income from operations as a percentage of GAAP revenue. Non-GAAP operating margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue. (2) The percentages shown above have been calculated based on the midpoint of the low and high ends of the revenue guidance for full year FY25. (3) The percentages shown in the restructuring line have been calculated based on charges associated with the Company's restructuring initiatives. Stock-based compensation expense excludes stock-based compensation expense related to the Company's restructuring initiatives, which is included in the restructuring line. The following is a per share reconciliation of GAAP diluted net income per share to non-GAAP diluted net income per share guidance for the next quarter and the full year: GAAP diluted net income per share range (1)(2) $1.55 - $1.60 $6.15 - $6.20 Plus Amortization of purchased intangibles $ 0.36 $ 1.66 Stock-based compensation expense $ 0.83 $ 3.27 Restructuring (3) $ 0.01 $ 0.17 Less Income tax effects and adjustments (4) $ (0.18 ) $ (1.27 ) Non-GAAP diluted net income per share (2) $2.57 - $2.62 $9.98 - $10.03 Shares used in computing basic net income per share (millions) (5) 960 962 Shares used in computing diluted net income per share (millions) (5) 978 975 (1) The Company's GAAP tax provision is expected to be approximately 26.0% for the three months ended January 31, 2025 and approximately 20.0% for the year ended January 31, 2025. The GAAP tax rates may fluctuate due to discrete tax items and related effects in conjunction with certain provisions in the Tax Cuts and Jobs Act, future acquisitions or other transactions. (2) The Company's projected GAAP and non-GAAP diluted net income per share assumes no change to the value of our strategic investment portfolio as it is not possible to forecast future gains and losses. The impact of future gains or losses from the Company’s strategic investment portfolio could be material. (3) The estimated impact to GAAP diluted net income per share is in connection with the Company's restructuring initiatives. (4) The Company’s non-GAAP tax provision uses a long-term projected tax rate of 22.0%, which reflects currently available information and could be subject to change. (5) The Company's shares used in computing GAAP net income per share guidance and non-GAAP net income per share guidance excludes any impact to share count from potential Q4 FY25 repurchase activity under our share repurchase program. For additional information regarding non-GAAP financial measures see the reconciliation of results and related explanations below. Management will provide further commentary around these guidance assumptions on its earnings call. Three times a year Salesforce delivers new product releases, services, or enhancements to current products and services. These releases are a result of significant research and development investments made over multiple years, designed to help customers drive cost savings, boost efficiency, and build trust. To view our major product releases and other highlights as part of the Winter 2025 Product Release, visit: . To learn more about our latest initiatives and priorities, review our Stakeholder Impact Report: . Salesforce plans to host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay details of the event will be available on the Salesforce Investor Relations website at . Salesforce helps organizations of any size reimagine their business for the world of AI. With Agentforce, Salesforce's trusted platform, organizations can bring humans together with agents to drive customer success—powered by AI, data, and action. Visit for more information. "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements about the Company's financial and operating results and guidance, which include, but are not limited to, expected GAAP and non-GAAP financial and other operating and non-operating results, including revenue, net income, net income per share, operating cash flow growth, operating margin, expected revenue growth, expected foreign currency exchange rate impact, expected current remaining performance obligation growth, expected tax rates or provisions, stock-based compensation expenses, amortization of purchased intangibles, shares outstanding, market growth, strategic investments, expected restructuring expense or charges and expected timing of product releases and enhancements. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the Company’s results or outcomes could differ materially and adversely from those expressed or implied by our forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements. The risks and uncertainties referred to above include -- but are not limited to -- risks associated with: Further information on these and other factors that could affect the Company’s actual results or outcomes is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings it makes with the Securities and Exchange Commission from time to time. These documents are available on the SEC Filings section of the Financials section of the Company’s website at . Salesforce, Inc. assumes no obligation and does not intend to revise or update publicly any forward-looking statements for any reason, except as required by law. © 2024 Salesforce, Inc. All rights reserved. Salesforce and other marks are trademarks of Salesforce, Inc. Other brands featured herein may be trademarks of their respective owners. Revenues: Subscription and support $ 8,879 $ 8,141 $ 26,228 $ 23,789 Professional services and other 565 579 1,674 1,781 Total revenues 9,444 8,720 27,902 25,570 Cost of revenues (1)(2): Subscription and support 1,501 1,571 4,617 4,596 Professional services and other 604 584 1,809 1,797 Total cost of revenues 2,105 2,155 6,426 6,393 Gross profit 7,339 6,565 21,476 19,177 Operating expenses (1)(2): Research and development 1,356 1,204 4,073 3,631 Sales and marketing 3,323 3,173 9,786 9,440 General and administrative 711 632 2,069 1,902 Restructuring 56 55 163 815 Total operating expenses 5,446 5,064 16,091 15,788 Income from operations 1,893 1,501 5,385 3,389 Losses on strategic investments, net (217 ) (72 ) (217 ) (242 ) Other income 70 58 282 158 Income before provision for income taxes 1,746 1,487 5,450 3,305 Provision for income taxes (219 ) (263 ) (961 ) (615 ) Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Basic net income per share $ 1.60 $ 1.26 $ 4.66 $ 2.76 Diluted net income per share (3) $ 1.58 $ 1.25 $ 4.60 $ 2.73 Shares used in computing basic net income per share 956 972 963 976 Shares used in computing diluted net income per share 965 981 975 985 (1) Amounts include amortization of intangible assets acquired through business combinations, as follows: Cost of revenues $ 131 $ 245 $ 600 $ 743 Sales and marketing 223 223 669 668 (2) Amounts include stock-based compensation expense, as follows: Cost of revenues $ 135 $ 109 $ 386 $ 324 Research and development 278 238 814 735 Sales and marketing 312 275 911 815 General and administrative 95 71 267 223 Restructuring 0 0 2 16 (3) During the three months ended October 31, 2024 and 2023, losses on strategic investments impacted GAAP diluted net income per share by $(0.17) and $(0.06) based on a U.S. tax rate of 24.5%, and non-GAAP diluted net income per share by $(0.18) and $(0.06) based on a non-GAAP tax rate of 22.0% and 23.5%, respectively. During the nine months ended October 31, 2024 and 2023, losses on strategic investments impacted GAAP diluted net income per share by $(0.17) and $(0.19) based on a U.S. tax rate of 24.5%, and non-GAAP diluted net income per share by $(0.17) and $(0.19) based on a non-GAAP tax rate of 22.0% and 23.5%, respectively. Revenues: Subscription and support 94 % 93 % 94 % 93 % Professional services and other 6 7 6 7 Total revenues 100 100 100 100 Cost of revenues (1)(2): Subscription and support 16 18 17 18 Professional services and other 6 7 6 7 Total cost of revenues 22 25 23 25 Gross profit 78 75 77 75 Operating expenses (1)(2): Research and development 14 14 15 14 Sales and marketing 35 36 35 37 General and administrative 8 7 7 8 Restructuring 1 1 1 3 Total operating expenses 58 58 58 62 Income from operations 20 17 19 13 Losses on strategic investments, net (3 ) (1 ) 0 (1 ) Other income 1 1 1 1 Income before provision for income taxes 18 17 20 13 Provision for income taxes (2 ) (3 ) (4 ) (2 ) Net income 16 % 14 % 16 % 11 % (1) Amounts include amortization of intangible assets acquired through business combinations as a percentage of total revenues, as follows: Cost of revenues 2 % 3 % 2 % 3 % Sales and marketing 2 2 3 3 (2) Amounts include stock-based compensation expense as a percentage of total revenues, as follows: Cost of revenues 2 % 1 % 2 % 1 % Research and development 3 3 3 3 Sales and marketing 3 3 3 3 General and administrative 1 1 1 1 Restructuring 0 0 0 0 (unaudited) Current assets: Cash and cash equivalents $ 7,997 $ 8,472 Marketable securities 4,760 5,722 Accounts receivable, net 4,741 11,414 Costs capitalized to obtain revenue contracts, net 1,836 1,905 Prepaid expenses and other current assets 2,091 1,561 Total current assets 21,425 29,074 Property and equipment, net 3,416 3,689 Operating lease right-of-use assets, net 2,167 2,366 Noncurrent costs capitalized to obtain revenue contracts, net 2,121 2,515 Strategic investments 4,845 4,848 Goodwill 49,093 48,620 Intangible assets acquired through business combinations, net 4,119 5,278 Deferred tax assets and other assets, net 4,209 3,433 Total assets $ 91,395 $ 99,823 Current liabilities: Accounts payable, accrued expenses and other liabilities $ 5,331 $ 6,111 Operating lease liabilities, current 572 518 Unearned revenue 13,472 19,003 Debt, current 0 999 Total current liabilities 19,375 26,631 Noncurrent debt 8,432 8,427 Noncurrent operating lease liabilities 2,420 2,644 Other noncurrent liabilities 2,643 2,475 Total liabilities 32,870 40,177 Stockholders’ equity: Common stock 1 1 Treasury stock, at cost (19,414 ) (11,692 ) Additional paid-in capital 63,114 59,841 Accumulated other comprehensive loss (225 ) (225 ) Retained earnings 15,049 11,721 Total stockholders’ equity 58,525 59,646 Total liabilities and stockholders’ equity $ 91,395 $ 99,823 Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization (1) 814 862 2,600 3,006 Amortization of costs capitalized to obtain revenue contracts, net 525 482 1,568 1,428 Stock-based compensation expense 820 693 2,380 2,113 Losses on strategic investments, net 217 72 217 242 Changes in assets and liabilities, net of business combinations: Accounts receivable, net 655 550 6,681 5,905 Costs capitalized to obtain revenue contracts, net (430 ) (300 ) (1,105 ) (906 ) Prepaid expenses and other current assets and other assets (272 ) (407 ) (1,263 ) (750 ) Accounts payable and accrued expenses and other liabilities 32 172 (503 ) (1,607 ) Operating lease liabilities (144 ) (139 ) (387 ) (474 ) Unearned revenue (1,761 ) (1,677 ) (5,555 ) (4,816 ) Net cash provided by operating activities 1,983 1,532 9,122 6,831 Business combinations, net of cash acquired (179 ) (82 ) (517 ) (82 ) Purchases of strategic investments (67 ) (103 ) (374 ) (390 ) Sales of strategic investments 13 80 118 102 Purchases of marketable securities (1,239 ) (661 ) (5,041 ) (2,827 ) Sales of marketable securities 554 315 3,652 1,117 Maturities of marketable securities 905 563 2,439 1,810 Capital expenditures (204 ) (166 ) (504 ) (589 ) Net cash used in investing activities (217 ) (54 ) (227 ) (859 ) Repurchases of common stock (1,285 ) (1,925 ) (7,753 ) (5,928 ) Proceeds from employee stock plans 321 274 1,056 1,085 Principal payments on financing obligations (100 ) (114 ) (505 ) (506 ) Repayments of debt 0 0 (1,000 ) (1,182 ) Payments of dividends (382 ) 0 (1,154 ) 0 Net cash used in financing activities (1,446 ) (1,765 ) (9,356 ) (6,531 ) (5 ) (32 ) (14 ) (4 ) 315 (319 ) (475 ) (563 ) 7,682 6,772 8,472 7,016 $ 7,997 $ 6,453 $ 7,997 $ 6,453 (1) Includes amortization of intangible assets acquired through business combinations, depreciation of fixed assets and amortization and impairment of right-of-use assets. Remaining performance obligation ("RPO") represents contracted revenue that has not yet been recognized, which includes unearned revenue and unbilled amounts that will be recognized as revenue in future periods. RPO is influenced by several factors, including seasonality, the timing of renewals, the timing of term license deliveries, average contract terms and foreign currency exchange rates. Remaining performance obligation is also impacted by acquisitions. Unbilled portions of RPO denominated in foreign currencies are revalued each period based on the period end exchange rates. The portion of RPO that is unbilled is not recorded on the condensed consolidated balance sheets. RPO consisted of the following (in billions): As of October 31, 2024 $ 26.4 $ 26.7 $ 53.1 As of July 31, 2024 26.5 27.0 53.5 As of April 30, 2024 26.4 27.5 53.9 As of January 31, 2024 27.6 29.3 56.9 As of October 31, 2023 23.9 24.4 48.3 Unearned revenue represents amounts that have been invoiced in advance of revenue recognition and is recognized as revenue when transfer of control to customers has occurred or services have been provided. The change in unearned revenue was as follows (in millions): Unearned revenue, beginning of period $ 15,222 $ 14,237 $ 19,003 $ 17,376 Billings and other (1) 7,620 6,876 22,158 20,536 Contribution from contract asset 63 167 189 218 Revenue recognized over time (9,023 ) (8,249 ) (26,446 ) (24,264 ) Revenue recognized at a point in time (421 ) (471 ) (1,456 ) (1,306 ) Unearned revenue from business combinations 11 4 24 4 Unearned revenue, end of period $ 13,472 $ 12,564 $ 13,472 $ 12,564 (1) Other includes, for example, the impact of foreign currency translation. Subscription and support revenues consisted of the following (in millions): Sales $ 2,119 $ 1,906 $ 6,188 $ 5,611 Service 2,288 2,074 6,727 6,087 Platform and Other 1,825 1,686 5,329 4,891 Marketing and Commerce 1,334 1,230 3,924 3,638 Integration and Analytics (1) 1,313 1,245 4,060 3,562 $ 8,879 $ 8,141 $ 26,228 $ 23,789 (1) In the fourth quarter of fiscal 2024, the Company renamed the service offering previously referred to as Data to Integration and Analytics, which includes Mulesoft and Tableau. Revenues by geographical region consisted of the following (in millions): Americas $ 6,220 $ 5,862 $ 18,483 $ 17,113 Europe 2,228 1,998 6,557 5,923 Asia Pacific 996 860 2,862 2,534 $ 9,444 $ 8,720 $ 27,902 $ 25,570 Subscription and support revenues constant currency growth rates by the Company's service offerings were as follows: Sales 11% 10% 10% Service 10% 11% 11% Platform and Other 8% 10% 11% Marketing and Commerce 8% 7% 8% Integration and Analytics (1) 5% 14% 22% Total growth 9% 10% 12% (1) In the fourth quarter of fiscal 2024, the Company renamed the service offering previously referred to as Data to Integration and Analytics, which includes Mulesoft and Tableau. Revenue constant currency growth rates by geographical region were as follows: Americas 6% 8% 9% Europe 9% 11% 10% Asia Pacific 14% 16% 21% Total growth 8% 9% 10% Current remaining performance obligation constant currency growth rates were as follows: Total growth 10% 11% 13% The following tables reflect selected GAAP results reconciled to Non-GAAP results. (in millions, except per share data) (Unaudited) GAAP income from operations $ 1,893 $ 1,501 $ 5,385 $ 3,389 Plus: Amortization of purchased intangibles (1) 354 468 1,269 1,411 Stock-based compensation expense (2)(3) 820 693 2,378 2,097 Restructuring 56 55 163 815 Non-GAAP income from operations $ 3,123 $ 2,717 $ 9,195 $ 7,712 Total revenues $ 9,444 $ 8,720 $ 27,902 $ 25,570 GAAP operating margin (4) 20.0 % 17.2 % 19.3 % 13.3 % Non-GAAP operating margin (4) 33.1 % 31.2 % 33.0 % 30.2 % GAAP net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Plus: Amortization of purchased intangibles (1) 354 468 1,269 1,411 Stock-based compensation expense (2)(3) 820 693 2,378 2,097 Restructuring 56 55 163 815 Income tax effects and adjustments (436 ) (372 ) (1,076 ) (1,177 ) Non-GAAP net income $ 2,321 $ 2,068 $ 7,223 $ 5,836 GAAP diluted net income per share $ 1.58 $ 1.25 $ 4.60 $ 2.73 Plus: Amortization of purchased intangibles (1) 0.37 0.48 1.30 1.43 Stock-based compensation expense (2)(3) 0.85 0.71 2.44 2.13 Restructuring 0.06 0.06 0.17 0.83 Income tax effects and adjustments (0.45 ) (0.39 ) (1.10 ) (1.19 ) Non-GAAP diluted net income per share $ 2.41 $ 2.11 $ 7.41 $ 5.93 Shares used in computing non-GAAP diluted net income per share 965 981 975 985 (1) Amortization of purchased intangibles was as follows: Cost of revenues $ 131 $ 245 $ 600 $ 743 Sales and marketing 223 223 669 668 $ 354 $ 468 $ 1,269 $ 1,411 (2) Stock-based compensation expense, excluding stock-based compensation expense related to restructuring, was as follows: Cost of revenues $ 135 $ 109 $ 386 $ 324 Research and development 278 238 814 735 Sales and marketing 312 275 911 815 General and administrative 95 71 267 223 $ 820 $ 693 $ 2,378 $ 2,097 (3) Stock-based compensation expense included in the GAAP to non-GAAP reconciliation tables above excludes stock-based compensation expense related to restructuring activities for each of the three months ended October 31, 2024 and 2023 of $0 million and for the nine months ended October 31, 2024 and 2023 of $2 million and $16 million, respectively, which are included in the restructuring line. (4) GAAP operating margin is the proportion of GAAP income from operations as a percentage of GAAP revenue. Non-GAAP operating margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue. Non-GAAP income from operations excludes the impact of the amortization of purchased intangibles, stock-based compensation expense and charges associated with the Company's restructuring activities. (in millions, except per share data) (Unaudited) Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Basic net income per share $ 1.60 $ 1.26 $ 4.66 $ 2.76 Shares used in computing basic net income per share 956 972 963 976 Non-GAAP net income $ 2,321 $ 2,068 $ 7,223 $ 5,836 Non-GAAP basic net income per share $ 2.43 $ 2.13 $ 7.50 $ 5.98 Shares used in computing non-GAAP basic net income per share 956 972 963 976 Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Diluted net income per share $ 1.58 $ 1.25 $ 4.60 $ 2.73 Shares used in computing diluted net income per share 965 981 975 985 Non-GAAP net income $ 2,321 $ 2,068 $ 7,223 $ 5,836 Non-GAAP diluted net income per share $ 2.41 $ 2.11 $ 7.41 $ 5.92 Shares used in computing non-GAAP diluted net income per share 965 981 975 985 (in millions) (Unaudited) GAAP net cash provided by operating activities $ 1,983 $ 1,532 $ 9,122 $ 6,831 Capital expenditures (204 ) (166 ) (504 ) (589 ) Free cash flow $ 1,779 $ 1,366 $ 8,618 $ 6,242 This press release includes information about non-GAAP operating margin, non-GAAP net income per share, non-GAAP tax rates, free cash flow, constant currency revenue, constant currency subscription and support revenue growth rate and constant currency current remaining performance obligation growth rates (collectively the “non-GAAP financial measures”). These non-GAAP financial measures are measurements of financial performance that are not prepared in accordance with U.S. generally accepted accounting principles and computational methods may differ from those used by other companies. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. Management uses both GAAP and non-GAAP measures when planning, monitoring and evaluating the Company’s performance. The primary purpose of using non-GAAP measures is to provide supplemental information that may prove useful to investors and to enable investors to evaluate the Company’s results in the same way management does. Management believes that supplementing GAAP disclosure with non-GAAP disclosure provides investors with a more complete view of the Company’s operational performance and allows for meaningful period-to-period comparisons and analysis of trends in the Company’s business. Further to the extent that other companies use similar methods in calculating non-GAAP measures, the provision of supplemental non-GAAP information can allow for a comparison of the Company’s relative performance against other companies that also report non-GAAP operating results. Non-GAAP Operating Margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue. Non-GAAP income from operations excludes the impact of the following items: stock-based compensation expense, amortization of acquisition-related intangibles and charges associated with the Company's restructuring activities. Non-GAAP net income per share excludes, to the extent applicable, the impact of the following items: stock-based compensation expense, amortization of purchased intangibles, charges related to the Company's restructuring activities and income tax adjustments. These items are excluded because the decisions that give rise to them are not made to increase revenue in a particular period, but instead for the Company’s long-term benefit over multiple periods. As described above, the Company excludes or adjusts for the following in its non-GAAP results and guidance: The Company presents constant currency information to provide a framework for assessing how the Company's underlying business performed excluding the effect of foreign currency rate fluctuations. To present constant currency revenue growth rates, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the weighted average exchange rate for the quarter being compared to rather than the actual exchange rates in effect during that period. To present current remaining performance obligation growth rates on a constant currency basis, current remaining performance obligation balances in local currencies in previous comparable periods are converted using the United States dollar currency exchange rate as of the most recent balance sheet date. The Company defines the non-GAAP measure free cash flow as GAAP net cash provided by operating activities, less capital expenditures. View source version on : CONTACT: Mike Spencer Salesforce Investor Relations Guss Salesforce Public Relations 415-536-4966 KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES BUSINESS TECHNOLOGY SOFTWARE CONSULTING ARTIFICIAL INTELLIGENCE SOURCE: Salesforce Copyright Business Wire 2024. PUB: 12/03/2024 04:01 PM/DISC: 12/03/2024 04:02 PMSouth Korea’s Yoon says he will lift martial law decreemagical ocean quotes 。

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Daily Post Nigeria Tinubu’s tax reform bills not to generate revenue — Taiwo Oyedele Home News Politics Metro Entertainment Sport Business Tinubu’s tax reform bills not to generate revenue — Taiwo Oyedele Published on December 2, 2024 By Seun Opejobi The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has explained the essence of the tax reform bills proposed by President Bola Tinubu. Oyedele said the essence of the tax reform bill is not to generate revenue. Speaking during the Tax Reform Bills Town Hall meeting on Monday, he said the bill was aimed at fixing Nigeria’s economy and ensuring prosperity. “The essence of the tax reform bills is not to generate revenue but to fix the economy in a way that there will be shared prosperity for Nigerians,” he said. The four tax reform bills proposed are before the National Assembly and have been on the front burner of national discussion. The four bills—the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill—are currently before both chambers of the National Assembly for passage. Related Topics: Taiwo Oyedele Tinubu Don't Miss Tax reform bills to address multiple levies overburdening Nigerian investors — Presidency You may like Tinubu’s tax reform bills not anti-North – Dogara Release Nnamdi Kanu to address South-East crisis – Igbo group tells Tinubu Tax reform bills: Tinubu not introducing Alphabeta to Nigeria — Orji Kalu President Tinubu insulted his supporters – APC chieftain, Onokpasa Nigerians are hungry, Tinubu detached from reality – APC chieftain Onokpasa Emmulate Obasanjo, Jonathan, withdraw tax reform bill – Kwankwaso tells Tinubu Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media LtdNEW YORK, Dec. 28, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hasbro, Inc. (NASDAQ: HAS) between February 7, 2022 and October 25, 2023, both dates inclusive (the “Class Period”), of the important January 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased Hasbro common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Hasbro class action, go to https://rosenlegal.com/submit-form/?case_id=31157 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements that represented the quality of inventory and the appropriateness of the levels of inventories carried by Hasbro and its retailers compared to customer demand. In truth, however, Hasbro had a significant buildup of inventory that it was struggling to manage and which far exceeded customer demand. As a result, defendants’ statements about Hasbro’s inventory, and what inventory levels reflected regarding demand, were materially false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Hasbro class action, go to https://rosenlegal.com/submit-form/?case_id=31157 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com

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Published 19:17 IST, December 28th 2024 Maharashtra CM Devendra Fadnavis has ordered the CID to confiscate the properties of the accused in the murder of Sarpanch Santosh Deshmukh from Beed. Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Saturday directed the Criminal Investigation Department (CID) to initiate the process of confiscating the properties of the wanted accused in the murder case of Sarpanch Santosh Deshmukh from Beed. The instructions were issued as part of the ongoing investigation into the crime. Sources from the Home Department confirmed that Fadnavis also ordered a probe into viral pictures showing individuals with firearms. If the images are verified to be authentic, the government will begin the process of canceling the gun licenses of those involved. On meeting with CM Devendra Fadnavis regarding Parbhani violence, VBA Chief Prakash Ambedkar said, “We urged the CMs to rehabilitate and compensate the family of Somnath Suryavanshi, a victim of custodial death, including providing government job to a family member and rs 1 crore compensation... It was highlighted that the lathi charge by local police was unauthorised, prompting a demand for accountability and a judicial enquiry, the cm agreed to address this issue. The government should compensate those whose houses were damaged during the police action, as the action violated the law” Maharashtra CM Fadnavis Orders Judicial Inquiries into Parbhani Violence, Beed Sarpanch Murder Earlier, on Friday, Maharashtra Chief Minister Devendra Fadnavis ordered judicial inquiries into the recent violence in Parbhani and the murder of Santosh Deshmukh, the sarpanch of Massajog village in Beed district. Fadnavis assured the state legislature that those responsible for creating chaos in Beed would face strict punishment, regardless of their political affiliations. He confirmed that the murder of Deshmukh is being investigated by a special investigation team (SIT), led by an officer of the rank of IG. Additionally, a judicial probe will be conducted within the next three to six months. The Chief Minister also announced the transfer of Beed’s Superintendent of Police, citing police negligence in handling the situation. Get Current Updates on India News , Entertainment News along with Latest News and Top Headlines from India and around the world. Updated 19:17 IST, December 28th 2024

After 10 straight wins, Lions face Packers with much to accomplish

New Hampshire Life Sciences adds new members to close out first yearGREENSBORO, N.C. (AP) — Ryan Forrest's 30 points led N.C. A&T over North Carolina Central 85-72 on Saturday. Forrest shot 12 of 18 from the field, including 2 for 4 from 3-point range, and went 4 for 7 from the line for the Aggies (4-10). Landon Glasper scored 25 points while going 7 of 17 from the floor, including 5 for 12 from 3-point range, and 6 for 6 from the line. Jahnathan Lamothe went 3 of 7 from the field (1 for 4 from 3-point range) to finish with nine points, while adding eight rebounds. The Aggies stopped an eight-game skid with the win. Po'Boigh King finished with 21 points for the Eagles (6-10). Keishon Porter added 11 points and seven rebounds for North Carolina Central. Dionte Johnson also recorded 11 points. N.C. A&T took the lead with 1:28 remaining in the first half and never looked back. The score was 46-39 at halftime, with Glasper racking up 18 points. Forrest scored 18 points in the second half to help lead the way as N.C. A&T went on to secure a victory, outscoring North Carolina Central by six points in the second half. NEXT UP Up next for N.C. A&T is a matchup Thursday with Elon at home. North Carolina Central hosts Saint Andrews (NC) on Tuesday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .