8383 bet365 mx Recent advances in the field of artificial intelligence (AI) help illustrate that technology has come to dominate over the past two decades, with tech issues leading the list of the world's most valuable companies. That wasn't always the case. Just 20 years ago, General Electric and ExxonMobile were the leaders in terms of market cap , valued at $319 billion and $283 billion, respectively. These days, technology rules the roost. Apple , Nvidia , and Microsoft are each worth more than $3 trillion and led the leaderboard at some point in 2024. Other big tech members of the $1 trillion club are also household names, including Amazon , Alphabet , and Meta Platforms , with valuations of between $1.5 trillion and $2.3 trillion. With a market cap of roughly $797 billion (as of this writing), Broadcom ( AVGO 5.32% ) seems a shoo-in for membership in this exclusive fraternity. The company supplies a broad cross-section of products that are critical components in data center infrastructure, where most AI processing takes place, and its indispensable technology could be the fuel that drives Broadcom's successful quest for membership. Chip shot As well as being one of the world's foremost custom chipmakers, Broadcom also offers a host of complementary products and services in the mobile, cable, broadband, and data center segments. The company states that "99% of all internet traffic crosses through some type of Broadcom technology." This extensive reach illustrates why Broadcom's technology is a critical part of the generative AI ecosystem, as the technology lives primarily in the cloud and in data centers. Beyond AI, investors continue to underestimate the opportunity represented by Broadcom's purchase of VMWare late last year. During the recent earnings call, management noted that "VMWare bookings continue to accelerate," amounting to $2.5 billion in Q3, up 32% sequentially. Furthermore, the company continues to drive down VMWare spending. CEO Hock Tan noted that with the VMWare integration proceeding as expected, Broadcom was on track to deliver on its goal of $8.5 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by 2025. Once the process is complete, the company expects to deliver expanding margins and increasing profits. The results highlight an intriguing opportunity. For its fiscal third quarter (ended Aug. 4), Broadcom delivered revenue of $13.1 billion, which jumped 47% year over year, while its adjusted earnings per share (EPS) increased 18% to $1.24. Management expects this upward trajectory to continue, increasing its full-year revenue forecast to $51.5 billion, representing growth of 44%. This adds to Broadcom's long history of strong business and financial performance, which has fueled its surging stock price. This, in turn, led the company to declare a 10-for-1 stock split earlier this year, which it completed in July. The path to $1 trillion Broadcom's chips and ancillary products -- critical components in data center operations -- give the company an important role in supplying the AI ecosystem. Broadcom is in an enviable position, which will be a key driver in the next stage of its growth. Wall Street expects Broadcom to generate revenue of $51.7 billion in 2024, giving it a forward price-to-sales (P/S) ratio of roughly 15. If the stock's P/S remains constant, Broadcom will need to generate sales of roughly $65 billion annually to support a $1 trillion market cap. Analysts' consensus estimates are guiding for revenue growth of 44% in 2024 and 17% in 2025. If the company hits those targets, it will likely achieve a $1 trillion market cap as soon as mid-2026. That said, I believe Wall Street's growth estimates are conservative, as Broadcom has exceeded analysts' expectations in each of the past three quarters. Therefore, it isn't unreasonable to expect more of the same over the coming year. Accelerating AI spending and the growing adoption of VMWare should give Broadcom multiple paths for robust growth next year, which is why I believe 2025 is a more likely timeframe for the company to join the trillionaire club. Observations by management seem to support that, as Broadcom is experiencing "strong demand from hyperscalers for both AI networking and custom AI accelerators." Furthermore, commentary from the world's largest cloud infrastructure providers suggests demand won't be slowing for the foreseeable future. Estimates for the size of the AI market continue to climb, but even the more conservative estimates are compelling. According to Bloomberg Intelligence, generative AI is expected to be a $1.3 trillion market by 2032. McKinsey & Company places the economic impact at between $2.6 trillion and $4.4 trillion annually. While no one knows for sure just how big the AI opportunity will ultimately be, most experts agree it will be much higher than it is today. Despite Broadcom's impressive gains, it remains attractively priced, currently selling for just 27 times forward earnings, compared to a multiple of 30 for the S&P 500 . That's not a bad price for a stock that's delivered total returns (including dividends) of 14,500% since 2009, especially when compared to a gain of just 633% for the broader market. That's why Broadcom stock is a buy .The renewable energy major NTPC Green energy IPO has garnered a significant attention and had a modest investor response. The public issue which kicked off on November 19 and closed on November 22, 2024. On the final day of bidding, the IPO was subscribed 2.40 times. As the allotment date approaches closer, here is everything you need to know from the share allotment process to the GMP. When will the allotment be finalised? As per the latest reports, the public issue is expected to be finalised on Monday (November 25). On the allotment day, investors will know how many shares they receive compared to their bid. Here is how to check your status An individual can check the status through the official BSE website. Visit the website and go to the IPO allotment sections with providing all the neccessary details such as application number and PAN. Image used for representational purposes only | Apart from the BSE website, one can also check the allotment status by visiting the registrar's website and entering the details needed. Listing Date and Grey Market Premium (GMP) As of now, NTPC Green's shares are slated to debut on stock exchanges on November 27 (Wednesday). As per investorgain, the grey market premium (GMP) for NTPC Green Energy as of now stands at Rs 3.25 per share, indicating that the shares are trading at their issue price of Rs 111. IPO Subscription Overview NTPC Green's IPO saw an overall subscription of 2.4 times. NTPC Green Energy, a major player in the renewable energy segment is a subsidiary of NTPC. Image used for representational purposes only | The company boasts an operational capacity of 3,220 MW in solar projects and 100 MW in wind projects across more than six states. Coming to the financial highlights, NTPC Green’s revenue rose from Rs 910.42 crore in FY22 to Rs 1,962.6 crore in FY24, a CAGR of 46.82 per cent. Moreover, the profit after tax grew by an astounding CAGR of 90.75 per cent, jumping from Rs 94.74 crore in FY22 to Rs 344.72 crore in FY24. Lead Managers to the Issue The IPO process has been managed by prominent institutions including IDBI Capital Markets and Securities, HDFC Bank, IFL Capital Services (formerly IIFL Securities), and Nuvama Wealth Management. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in IPOs involves risks and potential volatility. Readers are advised to conduct their own research and consult a financial advisor before making investment decisions. The author and publisher are not responsible for any financial losses incurred by readers.

Meet the Stock-Split Stock That Soared 10,610% Over the Past 15 Years. It's Poised to Join Apple, Nvidia, Microsoft, Amazon, Alphabet, and Meta in the $1 Trillion Club by 2025. - Yahoo FinanceThe renewable energy major NTPC Green energy IPO has garnered a significant attention and had a modest investor response. The public issue which kicked off on November 19 and closed on November 22, 2024. On the final day of bidding, the IPO was subscribed 2.40 times. As the allotment date approaches closer, here is everything you need to know from the share allotment process to the GMP. When will the allotment be finalised? As per the latest reports, the public issue is expected to be finalised on Monday (November 25). On the allotment day, investors will know how many shares they receive compared to their bid. Here is how to check your status An individual can check the status through the official BSE website. Visit the website and go to the IPO allotment sections with providing all the neccessary details such as application number and PAN. Image used for representational purposes only | Apart from the BSE website, one can also check the allotment status by visiting the registrar's website and entering the details needed. Listing Date and Grey Market Premium (GMP) As of now, NTPC Green's shares are slated to debut on stock exchanges on November 27 (Wednesday). As per investorgain, the grey market premium (GMP) for NTPC Green Energy as of now stands at Rs 3.25 per share, indicating that the shares are trading at their issue price of Rs 111. IPO Subscription Overview NTPC Green's IPO saw an overall subscription of 2.4 times. NTPC Green Energy, a major player in the renewable energy segment is a subsidiary of NTPC. Image used for representational purposes only | The company boasts an operational capacity of 3,220 MW in solar projects and 100 MW in wind projects across more than six states. Coming to the financial highlights, NTPC Green’s revenue rose from Rs 910.42 crore in FY22 to Rs 1,962.6 crore in FY24, a CAGR of 46.82 per cent. Moreover, the profit after tax grew by an astounding CAGR of 90.75 per cent, jumping from Rs 94.74 crore in FY22 to Rs 344.72 crore in FY24. Lead Managers to the Issue The IPO process has been managed by prominent institutions including IDBI Capital Markets and Securities, HDFC Bank, IFL Capital Services (formerly IIFL Securities), and Nuvama Wealth Management. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in IPOs involves risks and potential volatility. Readers are advised to conduct their own research and consult a financial advisor before making investment decisions. The author and publisher are not responsible for any financial losses incurred by readers.

CATL Launches the Bedrock Chassis That Withstands 120 km/h Impact Without Catching Fire or ExplodingV INVESTOR ALERT: Visa Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action LawsuitSyrians poured into streets in celebration on Sunday after a stunning rebel advance reached the capital, ending the Assad family’s 50 years of iron rule . Russian state news agencies were reporting that President Bashar Assad and his family had arrived in Moscow and were given asylum. Russia said Assad left the country after negotiations with rebel groups and that he had given instructions to transfer power peacefully. Joyful crowds gathered in central squares in Damascus, waving the Syrian revolutionary flag. Others ransacked the presidential palace and residence. Abu Mohammed al-Golani , a former al-Qaida commander who cut ties with the group years ago leads the biggest rebel faction in Syria and is poised to chart the country’s future. He made his first public appearance since fighters entered the Damascus suburbs Saturday, at the capital’s sprawling Umayyad Mosque, and called himself by his given name, Ahmad al-Sharaa. He said Assad’s fall was “a victory to the Islamic nation.” The rapidly developing events have shaken the region. Lebanon said it was closing all its land border crossings with Syria except for one that links Beirut with Damascus. Jordan closed a border crossing with Syria, too. Israel has issued warnings to villages in southern Syria and its forces seized a buffer zone in the Golan Heights. Here's the Latest: Russian state news agencies reported that ousted Syrian President Bashar Assad has arrived in Moscow with his family and been given asylum. The agencies, Tass and RIA, cited an unidentified Kremlin source. The Associated Press was not immediately able to verify the reports but had contacted the Kremlin for comment. CAIRO — The Arab League on Sunday condemned Israel for taking advantage of Syrian President Bashar Assad's downfall by moving into more Syrian territory. Hours after Assad’s overthrow, Israel announced it had seized a buffer zone in the Golan Heights that was established by a cease-fire agreement with Syria in 1974. In a statement, the Arab League said Israel illegally sought to occupy more territories. But Israeli Prime Minister Benjamin Netanyahu said the 50-year-old agreement regarding Syrian territory had collapsed and that Syrian troops had abandoned their positions, necessitating Israel taking over as a “temporary defensive position.” UNITED NATIONS — The United Nations secretary-general is marking the “fall of the dictatorial regime” in Syria and says the future of the country is “is a matter for the Syrians to determine.” A statement by Antonio Guterres also called for calm and the protection of the rights of all Syrians as well as of diplomatic and consular facilities in Syria. He said there is much work ahead to ensure an “orderly political transition to renewed institutions,” and he called on the international community to ensure that “any political transition is inclusive and comprehensive and that it meets the legitimate aspirations of the people of Syria, in all their diversity.” KYIV, Ukraine - Ukraine’s top diplomat on Sunday responded to Assad’s ouster by describing him as a “dictator” who relied on Russia to prop up his rule - a reference to the military campaign Moscow has waged in Syria since September 2015, teaming up with Iran to allow Assad’s government to fight armed opposition groups and reclaim control over most of the country. "Assad has fallen. This has always been and will be the case with all dictators who bet on Putin. He always betrays those who rely on him,” foreign minister Andrii Sybiha said in a post on X. In a separate update on the social network, Sybiha said Kyiv was ready to take steps towards restoring relations with Syria, severed months into Russia’s full-scale invasion of the neighboring state. Kyiv broke off diplomatic ties after Damascus in June 2022 recognized Kremlin-occupied parts of eastern Ukraine as independent territories, in a move welcomed by Moscow and decried by the West as a clear violation of Ukrainian sovereignty. JERUSALEM — The Israeli military has issued a warning to residents of five villages and towns in southern Syria to stay inside their homes for their safety. “The fighting in your area is forcing the IDF to act,” the IDF’s Arabic-language spokesman said on X. The military didn’t respond to questions. Earlier, Israel said its troops had seized a buffer zone in the Golan Heights established in 1974, saying it was to protect Israeli residents after Syrian troops abandoned their positions. Defense Minister Israel Katz said on X that the IDF has been instructed to “seize the buffer zone and control points to ensure the protection of all Israeli communities in the Golan Heights – Jewish and Druze – so that they are not exposed to threats from the other side.” Israel captured the Golan in the 1967 Mideast war and later annexed it. The international community, except for the United States, views it as occupied. BEIRUT - The leader of the largest insurgent group in Syria visited the Syrian capital’s sprawling Umayyad Mosque and declared that the victory against President Bashar Assad “is a victory to the Islamic nation.” Ahmad al-Sharaa, who was formerly known as Abu Mohammed al-Golani, made his first public appearance and remarks since fighters entered Damascus. He told hundreds of people at the historic mosque that Assad had made Syria “a farm for Iran’s greed.” He added that Assad made Syria a base for the illegal amphetamine Captagon that brought cash to Assad’s circles. Al-Sharaa, the leader of the jihadi Hayat Tahrir al-Sham, or HTS, said Sunday that the victory was achieved because of “God and the blood of martyrs.” He said that he left Syria 20 years ago and since then his heart has longed for this movement. LONDON — British Prime Minister Keir Starmer welcomed the end of Assad’s rule as he called for peace and the protection of civilians. “The Syrian people have suffered under Assad’s barbaric regime for too long and we welcome his departure,” Starmer said. He said the U.K. was focused on a political solution to restore peace and stability. “We call on all sides to protect civilians and minorities and ensure essential aid can reach the most vulnerable in the coming hours and days,” he said. AMMAN, Jordan — The vast majority of the Jordanian people are welcoming the fall of Bashar al-Assad’s regime and the success of the Syrian revolution. “There is no doubt that I felt overwhelming joy at the fall of the Assad regime," said Badi Al-Rafaia, Engineer, union activist and member of the Islamic Action Front. "There is no doubt that we are happy with what happened in Syria, happy with the success of the revolution, happy with the Syrian people getting rid of an oppressor and criminal who treated the Syrian people and made the Syrian state a failed state.” Al-Rafaia said that Jordan is benefiting from what happened in Syria, and "we hope that Jordan will help the revolution succeed and not work against it.” Amman resident Muhab al-Majali said the fall of the Assad regime is “The end of every unjust and tyrannical rule, and more than that, it mortgaged the country and its people to the Iranians, who abandoned it in minutes... I believe that the future is beautiful and prosperous for the Syrians.” BERLIN — The International Committee of the Red Cross is calling for safe humanitarian access and protection of civilians in Syria after the fall of Bashir Assad’s government. “Our teams in Syria, including in Damascus, have been closely monitoring the fast-evolving security and humanitarian situation in coordination with the Syrian Arab Red Crescent,” the ICRC’s head of delegation in Syria, Stephan Sakalian, said in a written statement Sunday. The ICRC is “responding wherever possible, with further efforts underway, as hundreds of thousands of people need care and humanitarian assistance,” he said. Sakalian called “on all parties to urgently enable safe and unhindered access for medical and humanitarian workers to reach those in need, to protect civilians, and to uphold their obligations under international humanitarian law.” BAGHDAD — The Iraqi government said in a statement Sunday that it “supports all international and regional efforts seeking to open a dialogue” for Syria “leading to the adoption of a pluralistic constitution that preserves the human and civil rights of Syrians, and supports cultural, ethnic and religious diversity.” The statement from government spokesperson Bassem al-Awadi, said that Iraq understands “the necessity of respecting the free will of all Syrians, and stresses that the security of Syria, the unity of its territories, and the preservation of its independence are of utmost importance, not only for Iraq but also for its connection to the security and stability of the region.” It cautioned against “interfering in Syria’s internal affairs, or supporting one party for the benefit of another.” Iraq, which has a close relationship with Iran - once a strong ally of former Syrian President Bashar Assad - has taken in some 2,000 Syrian army soldiers who fled the country amid the advance of armed opposition groups. CAIRO — The head of Yemen’s internationally recognized government welcomed the fall of the government of President Bashar Assad of Syria. “It’s a historic moment,” Rashad al-Alimi, who chairs the ruling presidential council, wrote on X platform of Assad’s downfall. “It’s time for the Iranian regime to stop meddling in Yemen, respect its sovereignty and identity.” Al-Alimi, who is backed by Saudi Arabia, was referring to Iran’s support of Houthi rebels who are at war with Yemen’s internationally recognized government for a decade. DAMASCUS — Families wandered through the high-ceilinged halls of the presidential palace in Damascus on Sunday, along with some armed men. Some paused to take family portraits or selfies on the few remaining couches against the backdrop of mosaiced walls, while others walked out with chairs and other items under their arms. On the massive parking lot out front, cars drove in circles honking ecstatically. In central Damascus’ Umayyad Square, drivers passing by also honked jubilantly, while young men piled onto a tank abandoned in the square. But for some the celebration was bittersweet. “I am very happy, but this happiness will not be completed until I can see my son out of the prison and know where is he is,” said Damascus resident Bassam Masr. “I have been searching for him for two hours - he has been detained for 13 years.” TEHRAN, Iran — Iran says the Syrian people should decide their country’s future “without destructive, coercive foreign intervention.” The Foreign Ministry statement issued Sunday marked Iran’s first official reaction to the overthrow of President Bashar Assad, who it had strongly backed through nearly 14 years of civil war. Assad’s government was a close ally of Iran that served as a crucial conduit between it and Lebanon’s Hezbollah. The rebels who toppled Assad view Iran as a hostile foreign influence, and the abandoned Iranian Embassy in Damascus was ransacked as they entered the city. The Foreign Ministry statement said Iran supports Syria’s unity and national sovereignty, and hopes to see “the end of military conflicts, the prevention of terrorist activities and the start of a national dialogue” with the participation of all groups. “It is expected that the wise and farsighted relations of the two nations will continue based on mutual ties and interests,” the statement said. TEL AVIV, Israel – Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israeli forces have seized a buffer zone in the Golan Heights established by a 1974 ceasefire agreement with Syria. He spoke from an overlook near the border between Syria and the Israeli-annexed Golan Heights, after Syrian rebels tore through the country and dramatically ended Assad’s rule on Sunday morning. Netanyahu said the 50-year-old agreement had collapsed and that Syrian troops had abandoned their positions, necessitating the Israeli takeover as a “temporary defensive position.” Israel captured the Golan Heights in the 1967 Mideast war and annexed it. The international community, except for the United States, views it as occupied Syrian territory. Satellite images analyzed by the Associated Press show that as early as September, Israel began construction of what could possibly be a new road right along the so-called Alpha Line that separates the Israeli-occupied Golan Heights from Syria . The United Nations confirmed that Israeli troops entered the demilitarized zone during the work. The United Nations maintains a peacekeeping force in the demilitarized zone called the United Nations Disengagement Observer Force, or UNDOF, with around 1,100 peacekeepers from Fiji, India, Kazakhstan, Nepal, and Uruguay. After the 1973 Mideast war, the U.N. Secretary Council voted to create UNDOF to patrol a roughly 400 square kilometer (155 square mile) demilitarized zone and maintain the peace there. MASNAA, Lebanon — At Lebanon’s Masnaa crossing into Syria, the mood was festive Sunday with some local Lebanese residents handing out congratulatory sweets to Syrians lined up to return to their country. Sami Abdel-Latif, a refugee from Hama who was heading to Syria to join his wife and four children, said while the future in Syria is still uncertain, “anything is better than Bashar.” He said he expected some chaos initially but that eventually the situation would settle down. “Look at Aleppo now,” he said, referring to the first major city taken over by opposition forces more than a week ago, where life has continued more or less as normal. Abdel-Latif, a construction worker, said he is also hoping that there will now be plentiful work in Syria to rebuild. Malak Matar, who was preparing to return to Damascus, said, “This is a feeling we’ve been waiting 14 years for. “You feel yourself psychologically free - you can express yourself,” he said. “The country is free and the barriers have been broken down.” Now, he said, “Syrians have to create a state that is well-organized and take care of their country. It’s a new phase.” DAMASCUS, Syria — An Associated Press journalist in Damascus reported airstrikes in the area of the Mezzeh military airport, southwest of the capital Sunday. The airport has previously been targeted in Israeli airstrikes, but it was not immediately clear who launched Sunday's strike. The Israeli military refused to comment on the airport strike. Israel often does not publicly claim responsibility for attacks in Syria. The Syrian Observatory for Human Rights, a UK-based war monitor, reported that Israeli warplanes also targeted warehouses belonging to the Syrian army’s Fourth Division and another former military site outside of Damascus Sunday. On Saturday and Sunday, the Israeli military sent additional troops to the Israeli-annexed Golan Heights to bolster Israel’s presence along the border between Israel and Syria. Agricultural areas along the border were declared closed military zones and some schools shifted to online classes in anticipation of unrest. MOSCOW — Russia’s Foreign Ministry claimed Sunday that Bashar Assad had left Syria after negotiations with rebel groups, and gave “instructions” to “transfer power peacefully.” In a post on the Telegram messaging app on Sunday, the ministry said Moscow had not directly participated in these talks. It also said it has been following the “dramatic events” in Syria “with extreme concern." It also said Russian troops stationed in Syria have been put on high alert and that as of early afternoon Sunday, there was “no serious threat” to the security of Russia’s military bases there. Russia has waged a military campaign in Syria since September 2015, teaming up with Iran to allow Assad’s government to fight armed opposition groups and reclaim control over most of the country. While Russia now concentrates the bulk of its military resources in Ukraine, it has maintained a military foothold in Syria and keeps troops at its bases there.

NoneSOMERVILLE, N.J. , Nov. 23, 2024 /PRNewswire/ -- Specified Technologies Inc. has announced their latest Firestop Clash Management (FCM) and Firestop Locator (FSL) releases. FCM automates the process of locating and assigning firestop solutions to conditions within Autodesk ® Revit ® , enabling firestop novices to find firestop solutions like a firestop expert. In this latest release, STI has further expanded the capabilities of FCM by integrating it with their firestop documentation and compliance tool, Firestop Locator (FSL). FSL enables contractors and facilities' teams to document the status, location, and products used for any and all fire life safety services across a building. In the latest update for FSL, teams can now create custom items to track any service on their project beyond the base six (Penetration, Joint, Extinguisher, Door, Damper, and Barrier). Teams can also modify the base six items to include project specific inspection and maintenance requirements and any other details that they would like to be tracked. With this new integration, decisions made during the design phase of a building using FCM are seamlessly passed into FSL during the construction phase, giving implementation teams a jump start on work to be done. This integration also improves data integrity and eliminates the guesswork in the field of determining what firestop systems and products are to be used where. "We're proud of the latest releases of FCM and FSL and look forward to continuing to support the fire life safety community," says Justin Pine, Sr. Manager of Software & Services. Specified Technologies Inc. promotes life and building safety by developing innovative fire protection systems and accompanying digital tools that help stop the spread of fire, smoke, and hot gases. Our SpecSeal® and EZ Path® product lines are engineered for easy installation and deliver powerful performance, often resulting in lower installed costs. Since firestopping is our only business, we concentrate all our resources on providing the highest quality, fully tested, innovative firestopping solutions. Contact: Jess Bern ; jbern@stifirestop.com View original content to download multimedia: https://www.prnewswire.com/news-releases/specified-technologies-inc-unveils-firestop-clash-management-and-locator-updates-302314629.html SOURCE Specified Technologies, Inc.

Syria latest: Russian state news agencies report Assad has arrived in Moscow and been granted asylumTurkey urges caution to prevent terrorists from exploiting Syria’s situation

Record Revenues as Global Logistics Network Expands WATERLOO, Ontario and ATLANTA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2025 third quarter ( Q3FY25 ). All financial results referenced are in United States ( US ) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles ( GAAP ). “Our business has grown organically while we've added complementary solutions to our Global Logistics Network by way of acquisition,” said Edward J. Ryan, Descartes’ CEO. “We listen to our customers about where best to invest to help them meet the many logistics and supply chain challenges they're facing, which contributed to us completing two acquisitions this past quarter. The global trade landscape remains highly uncertain and complex for our customers, especially with potential upcoming changes to tariffs and sanctions and the resulting impact on trade. As always, our goal is to help our customers manage this complexity so that they can continue to focus on their core businesses.” Q3FY25 Financial Results As described in more detail below, key financial highlights for Descartes’ Q3FY25 included: Revenues of $168.8 million, up 17% from $144.7 million in the third quarter of fiscal 2024 ( Q3FY24 ) and up 3% from $163.4 million in the previous quarter ( Q2FY25 ); Revenues were comprised of services revenues of $149.7 million (89% of total revenues), professional services and other revenues of $15.6 million (9% of total revenues) and license revenues of $3.5 million (2% of total revenues). Services revenues were up 15% from $130.4 million in Q3FY24 and up 2% from $146.2 million in Q2FY25; Cash provided by operating activities of $60.1 million, up 7% from $56.1 million in Q3FY24 and up 73% from $34.7 million in Q2FY25. Cash provided by operating activities was negatively impacted in Q2FY25 by the payment of $25.0 million in contingent acquisition consideration for previously completed deals, which was not accrued for at the time of acquisition; Income from operations of $45.8 million, up 41% from $32.4 million in Q3FY24 and down from $45.9 million in Q2FY25; Net income of $36.6 million, up 38% from $26.6 million in Q3FY24 and up 5% from $34.7 million in Q2FY25. Net income as a percentage of revenue was 22%, compared to 18% in Q3FY24 and 21% in Q2FY25; Earnings per share on a diluted basis of $0.42, up 35% from $0.31 in Q3FY24 and up 5% from $0.40 in Q2FY25, respectively; and Adjusted EBITDA of $72.1 million, up 14% from $63.5 million in Q3FY24 and up 2% from $70.6 million in Q2FY25. Adjusted EBITDA as a percentage of revenues was 43%, compared to 44% and 43% in Q3FY24 and Q2FY25, respectively. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures provided as a complement to financial results presented in accordance with GAAP. We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). These items are considered by management to be outside Descartes' ongoing operational results. We define Adjusted EBITDA as a percentage of revenues as the quotient, expressed as a percentage, from dividing Adjusted EBITDA for a period by revenues for the corresponding period. A reconciliation of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income determined in accordance with GAAP is provided later in this release. The following table summarizes Descartes' results in the categories specified below over the past 5 fiscal quarters (unaudited; dollar amounts, other than per share amounts, in millions): Year-to-Date Financial Results As described in more detail below, key financial highlights for Descartes’ nine-month period ended October 31, 2024 ( 9MFY25 ) included: Revenues of $483.5 million, up 14% from $424.7 million in the same period a year ago ( 9MFY24 ); Revenues were comprised of services revenues of $433.7 million (90% of total revenues), professional services and other revenues of $44.4 million (9% of total revenues) and license revenues of $5.4 million (1% of total revenues). Services revenues were up 13% from $385.3 million in 9MFY24; Cash provided by operating activities of $158.5 million, up 1% from $156.9 million in 9MFY24. Cash provided by operating activities was negatively impacted in 9MFY25 by the payment of $25.0 million in contingent acquisition consideration for previously completed deals, which was not accrued for at the time of acquisition; Income from operations of $134.0 million, up 27% from $105.8 million in 9MFY24; Net income of $105.9 million, up 26% from $84.1 million in 9MFY24. Net income as a percentage of revenues was 22%, compared to 20% in 9MFY24; Earnings per share on a diluted basis of $1.21, up 25% from $0.97 in 9MFY24; and Adjusted EBITDA of $209.7 million, up 15% from $181.7 million in 9MFY24. Adjusted EBITDA as a percentage of revenues was 43%, consistent with 9MFY24. The following table summarizes Descartes’ results in the categories specified below over 9MFY25 and 9MFY24 (unaudited, dollar amounts in millions): Cash Position At October 31, 2024, Descartes had $181.3 million in cash. Cash decreased by $71.4 million in Q3FY25 and $139.7 million in 9MFY25. The table set forth below provides a summary of cash flows for Q3FY25 and 9MFY25 in millions of dollars: Acquisition of MyCarrierPortal On September 17, 2024, Descartes acquired all of the shares of Assure Assist, Inc., doing business as MyCarrierPortal (“MCP”), a leading provider of carrier onboarding and risk monitoring solutions for the trucking industry. The purchase price for the acquisition was approximately $22.5 million, net of cash acquired, which was funded from cash on hand, plus potential performance-based consideration of up to $6.0 million based on MCP achieving revenue-based targets over the first two years post-acquisition. Acquisition of Sellercloud On October 11, 2024, Descartes acquired all of the shares of Sellercloud LLC and certain assets of Sellercloud Europe Ltd. (collectively referred to as “Sellercloud”), a leading provider of omnichannel ecommerce solutions. The purchase price for the acquisition was approximately $110.2 million, net of cash acquired, which was funded from cash on hand, plus potential performance-based consideration of up to $20.0 million based on Sellercloud achieving revenue-based targets over the first two years post-acquisition. Conference Call Members of Descartes' executive management team will host a conference call to discuss the company's financial results at 5:30 p.m. ET on Tuesday, December 3, 2024. Designated numbers are +1 289 514 5100 and +1 800 717 1738 for Toll-Free in North America, using conference ID 07584. The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. Phone conference dial-in or webcast login is required approximately 10 minutes beforehand. Replays of the conference call will be available until December 10, 2024, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 07584#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations. About Descartes Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com , and connect with us on LinkedIn and X (Twitter ) . Descartes Investor Contact Laurie McCauley (519) 746-2969 investor@descartes.com Cautionary Statement Regarding Forward-Looking Statements This release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relates to Descartes' expectations concerning future revenues and earnings, and our projections for any future reductions in expenses or growth in margins and generation of cash; our assessment of the potential impact of geopolitical events, such as the ongoing conflict between Russia and Ukraine (the “Russia-Ukraine Conflict”), and between Israel and Hamas (“Israel-Hamas Conflict”), or other potentially catastrophic events, on our business, results of operations and financial condition; continued growth and acquisitions including our assessment of any increased opportunity for our products and services as a result of trends in the logistics and supply chain industries; rate of profitable growth and Adjusted EBITDA margin operating range; demand for Descartes' solutions; growth of Descartes' Global Logistics Network (“GLN”); customer buying patterns; customer expectations of Descartes; development of the GLN and the benefits thereof to customers; and other matters. These forward-looking statements are based on certain assumptions including the following: global shipment volumes continuing at levels generally consistent with those experienced historically; the Russia-Ukraine Conflict and Israel-Hamas Conflict not having a material negative impact on shipment volumes or on the demand for the products and services of Descartes by its customers and the ability of those customers to continue to pay for those products and services; countries continuing to implement and enforce existing and additional customs and security regulations relating to the provision of electronic information for imports and exports; countries continuing to implement and enforce existing and additional trade restrictions and sanctioned party lists with respect to doing business with certain countries, organizations, entities and individuals; Descartes' continued operation of a secure and reliable business network; the stability of general economic and market conditions, currency exchange rates, and interest rates; equity and debt markets continuing to provide Descartes with access to capital; Descartes' continued ability to identify and source attractive and executable business combination opportunities; Descartes' ability to develop solutions that keep pace with the continuing changes in technology, and our continued compliance with third party intellectual property rights. These assumptions may prove to be inaccurate. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Descartes, or developments in Descartes' business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, Descartes' ability to successfully identify and execute on acquisitions and to integrate acquired businesses and assets, and to predict expenses associated with and revenues from acquisitions; the impact of network failures, information security breaches or other cyber-security threats; disruptions in the movement of freight and a decline in shipment volumes including as a result of contagious illness outbreaks; a deterioration of general economic conditions or instability in the financial markets accompanied by a decrease in spending by our customers; the ability to attract and retain key personnel and the ability to manage the departure of key personnel and the transition of our executive management team; changes in trade or transportation regulations that currently require customers to use services such as those offered by Descartes; changes in customer behaviour and expectations; Descartes’ ability to successfully design and develop enhancements to our products and solutions; departures of key customers; the impact of foreign currency exchange rates; Descartes' ability to retain or obtain sufficient capital in addition to its debt facility to execute on its business strategy, including its acquisition strategy; disruptions in the movement of freight; the potential for future goodwill or intangible asset impairment as a result of other-than-temporary decreases in Descartes' market capitalization; and other factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada, including Descartes' most recently filed Management's Discussion and Analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. Reconciliation of Non-GAAP Financial Measures - Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with GAAP. We also disclose and discuss certain non-GAAP financial information, used to evaluate our performance, in this and other earnings releases and investor conference calls as a complement to results provided in accordance with GAAP. We believe that current shareholders and potential investors in our company use non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues, in making investment decisions about our company and measuring our operational results. The term “Adjusted EBITDA” refers to a financial measure that we define as earnings before certain charges that management considers to be non-operating expenses and which consist of interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). Adjusted EBITDA as a percentage of revenues divides Adjusted EBITDA for a period by the revenues for the corresponding period and expresses the quotient as a percentage. Management considers these non-operating expenses to be outside the scope of Descartes’ ongoing operations and the related expenses are not used by management to measure operations. Accordingly, these expenses are excluded from Adjusted EBITDA, which we reference to both measure our operations and as a basis of comparison of our operations from period-to-period. Management believes that investors and financial analysts measure our business on the same basis, and we are providing the Adjusted EBITDA financial metric to assist in this evaluation and to provide a higher level of transparency into how we measure our own business. However, Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures and may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues should not be construed as a substitute for net income determined in accordance with GAAP or other non-GAAP measures that may be used by other companies, such as EBITDA. The use of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues does have limitations. In particular, we have completed seven acquisitions since the beginning of fiscal 2024 and may complete additional acquisitions in the future that will result in acquisition-related expenses and restructuring charges. As these acquisition-related expenses and restructuring charges may continue as we pursue our consolidation strategy, some investors may consider these charges and expenses as a recurring part of operations rather than expenses that are not part of operations. The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for Q3FY25, Q2FY25, Q1FY25, Q4FY24, and Q3FY24, which we believe is the most directly comparable GAAP measure. The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for 9MFY25 and 9MFY24, which we believe is the most directly comparable GAAP measure. The Descartes Systems Group Inc. Condensed Consolidated Balance Sheets (US dollars in thousands; US GAAP; Unaudited) The Descartes Systems Group Inc. Consolidated Statements of Operations (US dollars in thousands, except per share and weighted average share amounts; US GAAP; Unaudited) The Descartes Systems Group Inc. Condensed Consolidated Statements of Cash Flows (US dollars in thousands; US GAAP; Unaudited)At least 6,000 inmates escaped from a high-security prison in Mozambique’s capital Maputo on Christmas Day after a rebellion, the chief of police has said, as widespread post-election riots and violence continue to engulf the country. The police general commander, Bernardino Rafael, said 33 prisoners had died and 15 others were injured during a confrontation with the security forces. The prisoners fled during violent protests in which police cars, stations and general public infrastructure were destroyed after Mozambique’s constitutional council confirmed the ruling Frelimo party as the winner of the 9 October elections. The escape from Maputo’s central prison, located 14km south-west of the city, started about midday on Wednesday after “agitation” by a “group of subversive protesters”, Rafael said. He said prisoners at the facility had snatched weapons from prison officers and began freeing other detainees. Rafael said: “A curious fact is that in that prison we had 29 convicted terrorists, who they released. We are worried, as a country, as Mozambicans, as members of the defence and security forces. “They[protesters] were making noise demanding that they be able to remove the prisoners who are there serving their sentences”, said Rafael, adding that the protests led to the collapse of a wall, allowing the prisoners to flee. He called for the voluntary surrender of the escaped prisoners and for the population to be informed about the fugitives. Videos circulating on social media showed the moment inmates left the prison, while other recordings revealed the captures made by military personnel and prison guards. Many prisoners tried to hide in homes, but some were unsuccessful and were detained. In an amateur video, one prisoner, still with handcuffs on his right wrist, said he had been in the disciplinary section of the maximum security prison and had been released by other inmates.Vancouver Canucks defenceman Hronek out eight weeks with lower-body injury

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