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NoneDespite the challenges and pressures of managing in the Premier League, Mourinho and Guardiola's candid admissions serve as a reminder of the human side of the beautiful game. Behind the tactics, trophies, and tactics lies a grueling and demanding profession that can take a toll on even the most seasoned professionals.
Thesis Porch Group, Inc. ( NASDAQ: PRCH ) , based in Seattle and deeply embedded in the home services and insurance sectors, has seen its stock rise sharply, up 170% over the past year. Wall Street seems to think there’s still more gas in the tank, with analysts Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.According to sources close to the player, Davies has expressed a strong desire to make the move to the Camp Nou and test himself in La Liga. The opportunity to play alongside some of the world's best players and under the guidance of a seasoned manager like Xavi Hernandez is said to be a major draw for the young midfielder.
By JOSH BOAK WASHINGTON (AP) — President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple, effective act of branding. Biden did the second-guessing as he delivered a speech at the Brookings Institution defending his economic record and challenging Trump to preserve Democratic policy ideas when he returns to the White House next month. Related Articles National Politics | Biden issues veto threat on bill expanding federal judiciary as partisan split emerges National Politics | Trump lawyers and aide hit with 10 additional felony charges in Wisconsin over 2020 fake electors National Politics | After withdrawing as attorney general nominee, Matt Gaetz lands a talk show on OANN television National Politics | What will happen to Social Security under Trump’s tax plan? National Politics | Republican-led states are rolling out plans that could aid Trump’s mass deportation effort As Biden focused on his legacy with his term ending, he suggested Trump should keep the Democrats’ momentum going and ignore the policies of his allies. The president laid out favorable recent economic data but acknowledged his rare public regret that he had not been more self-promotional in advertising the financial support provided by his administration as the country emerged from the pandemic. “I signed the American Rescue Plan, the most significant economic recovery package in our history, and also learned something from Donald Trump,” Biden said at the Washington-based think tank. “He signed checks for people for 7,400 bucks ... and I didn’t. Stupid.” The decision by the former reality TV star and real estate developer to add his name to the checks sent by the U.S. Treasury to millions of Americans struggling during the coronavirus marked the first time a president’s name appeared on any IRS payments. Biden and Vice President Kamala Harris , who replaced him as the Democratic nominee , largely failed to convince the American public of the strength of the economy. The addition of 16 million jobs, funding for infrastructure, new factories and investments in renewable energy were not enough to overcome public exhaustion over inflation, which spiked in 2022 and left many households coping with elevated grocery, gasoline and housing costs. More than 6 in 10 voters in November’s election described the economy as “poor” or “not so good,” according to AP VoteCast, an extensive survey of the electorate. Trump won nearly 7 in 10 of the voters who felt the economy was in bad shape, paving the way for a second term as president after his 2020 loss to Biden. Biden used his speech to argue that Trump was inheriting a strong economy that is the envy of the world. The inflation rate fell without a recession that many economists had viewed as inevitable, while the unemployment rate is a healthy 4.2% and applications to start new businesses are at record levels. Biden called the numbers under his watch “a new set of benchmarks to measure against the next four years.” “President-elect Trump is receiving the strongest economy in modern history,” said Biden, who warned that Trump’s planned tax cuts could lead to massive deficits or deep spending cuts. He also said that Trump’s promise of broad tariffs on foreign imports would be a mistake, part of a broader push Tuesday by the administration to warn against Trump’s threatened action. Treasury Secretary Janet Yellen also issued a word of caution about them at a summit of The Wall Street Journal’s CEO Council. “I think the imposition of broad based tariffs, at least of the type that have been discussed, almost all economists agree this would raise prices on American consumers,” she said. Biden was also critical of Trump allies who have pushed Project 2025 , a policy blueprint from the Heritage Foundation that calls for a complete overhaul of the federal government. Trump has disavowed participation in it, though parts were written by his allies and overlap with his stated views on economics, immigration, education policy and civil rights. “I pray to God the president-elect throws away Project 2025,” Biden said. “I think it would be an economic disaster.” Associated Press writer Fatima Hussein in Washington contributed to this report.In conclusion, Huang Xiaoming's journey as a philanthropist has been marked by dedication, compassion, and a genuine commitment to creating positive change in society. Charity has become an integral part of his life, guiding his actions, shaping his values, and enriching his experiences in ways that go beyond mere financial contributions. Huang's passion for giving back, his empathetic approach to social issues, and his long-term vision for sustainable impact make him a role model for others aspiring to make a difference in the world. As he continues to champion charitable causes and inspire others to join him in creating a better future for all, Huang Xiaoming stands as a shining example of how philanthropy can transform not only the lives of those in need but also the life of the giver themselves.From the very first minute, it was clear that Barcelona were in for a tough night. Bayern Munich's high pressing and incisive attacking play left Barcelona's defense in tatters, as they raced to a 4-1 lead by halftime. Setien's attempts to shore up his defense and stem the tide proved futile, as Bayern continued to carve through Barcelona's ranks with ease.None
BOGOTA, Colombia (AP) — 2024 was a brutal year for the Amazon rainforest, with rampant wildfires and extreme drought ravaging large parts of a biome that’s a critical counterweight to climate change. A warming climate fed drought that in turn fed the worst year for fires since 2005. And those fires contributed to deforestation, with authorities suspecting some fires were set to more easily clear land to run cattle. The Amazon is twice the size of India and sprawls across eight countries and one territory, storing vast amounts of carbon dioxide that would otherwise warm the planet. It has about 20% of the world’s fresh water and astounding biodiversity, including 16,000 known tree species. But governments have historically viewed it as an area to be exploited, with little regard for sustainability or the rights of its Indigenous peoples, and experts say exploitation by individuals and organized crime is rising at alarming rates. “The fires and drought experienced in 2024 across the Amazon rainforest could be ominous indicators that we are reaching the long-feared ecological tipping point,” said Andrew Miller, advocacy director at Amazon Watch, an organization that works to protect the rainforest. “Humanity’s window of opportunity to reverse this trend is shrinking, but still open.” There were some bright spots. The level of Amazonian forest loss fell in both Brazil and Colombia. And nations gathered for the annual United Nations conference on biodiversity agreed to give Indigenous peoples more say in nature conservation decisions. “If the Amazon rainforest is to avoid the tipping point, Indigenous people will have been a determinant factor," Miller said. Forest loss in Brazil’s Amazon — home to the largest swath of this rainforest — dropped 30.6% compared to the previous year, the lowest level of destruction in nine years. The improvement under leftist President Luiz Inácio Lula da Silva contrasted with deforestation that hit a 15-year high under Lula's predecessor, far-right leader Jair Bolsonaro, who prioritized agribusiness expansion over forest protection and weakened environmental agencies. In July, Colombia reported historic lows in deforestation in 2023, driven by a drop in environmental destruction. The country's environment minister Susana Muhamad warned that 2024's figures may not be as promising as a significant rise in deforestation had already been recorded by July due to dry weather caused by El Nino, a weather phenomenon that warms the central Pacific. Illegal economies continue to drive deforestation in the Andean nation. “It’s impossible to overlook the threat posed by organized crime and the economies they control to Amazon conservation,” said Bram Ebus, a consultant for Crisis Group in Latin America. “Illegal gold mining is expanding rapidly, driven by soaring global prices, and the revenues of illicit economies often surpass state budgets allocated to combat them.” In Brazil, large swaths of the rainforest were draped in smoke in August from fires raging across the Amazon, Cerrado savannah, Pantanal wetland and the state of Sao Paulo. Fires are traditionally used for deforestation and for managing pastures, and those man-made blazes were largely responsible for igniting the wildfires. For a second year, the Amazon River fell to desperate lows , leading some countries to declare a state of emergency and distribute food and water to struggling residents. The situation was most critical in Brazil, where one of the Amazon River's main tributaries dropped to its lowest level ever recorded. Cesar Ipenza, an environmental lawyer who lives in the heart of the Peruvian Amazon, said he believes people are becoming increasingly aware of the Amazon's fundamental role “for the survival of society as a whole." But, like Miller, he worries about a “point of no return of Amazon destruction.” It was the worst year for Amazon fires since 2005, according to nonprofit Rainforest Foundation US. Between January and October, an area larger than the state of Iowa — 37.42 million acres, or about 15.1 million hectares of Brazil’s Amazon — burned. Bolivia had a record number of fires in the first ten months of the year. “Forest fires have become a constant, especially in the summer months and require particular attention from the authorities who don't how to deal with or respond to them,” Ipenza said. Venezuela, Colombia, Ecuador, and Guyana also saw a surge in fires this year. The United Nations conference on biodiversity — this year known as COP16 — was hosted by Colombia. The meetings put the Amazon in the spotlight and a historic agreement was made to give Indigenous groups more of a voice on nature conservation decisions , a development that builds on a growing movement to recognize Indigenous people's role in protecting land and combating climate change. Both Ebus and Miller saw promise in the appointment of Martin von Hildebrand as the new secretary general for the Amazon Treaty Cooperation Organization, announced during COP16. “As an expert on Amazon communities, he will need to align governments for joint conservation efforts. If the political will is there, international backers will step forward to finance new strategies to protect the world’s largest tropical rainforest,” Ebus said. Ebus said Amazon countries need to cooperate more, whether in law enforcement, deploying joint emergency teams to combat forest fires, or providing health care in remote Amazon borderlands. But they need help from the wider world, he said. “The well-being of the Amazon is a shared global responsibility, as consumer demand worldwide fuels the trade in commodities that finance violence and environmental destruction,” he said. Next year marks a critical moment for the Amazon, as Belém do Pará in northern Brazil hosts the first United Nations COP in the region that will focus on climate. “Leaders from Amazon countries have a chance to showcase strategies and demand tangible support," Ebus said. The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .
In conclusion, the incident of the injured cow served as a wake-up call for the village, prompting them to take decisive action in the face of adversity. By swiftly implementing emergency measures, reinforcing their defenses, and fostering a culture of cooperation and vigilance, the villagers demonstrated their ability to overcome challenges and protect their way of life. The resilience and unity displayed by the community serve as a shining example of the power of collective action in the face of adversity.
Video: Amid heavy snowfall in Kashmir, stranded tourists take shelter in mosques
SAN FRANCISCO--(BUSINESS WIRE)--Nov 21, 2024-- the company behind Elasticsearch®, announced financial results for its second quarter of fiscal 2025 ended October 31, 2024. “Elastic delivered a strong second quarter supported by solid sales execution, exceeding our guidance across all revenue and profitability metrics,” said Ash Kulkarni, Chief Executive Officer, Elastic. “In Q2 we saw strong customer commitments with key wins across all our solution areas, with continued momentum in GenAI and platform consolidation. Our clear product differentiation, and our relentless pace of innovation is helping us become a natural choice for customers building GenAI applications.” The Company is providing the following guidance: For the third quarter of fiscal 2025 (ending January 31, 2025): For fiscal 2025 (ending April 30, 2025): The guidance assumes, among others, the following exchange rates: 1 Euro = 1.060 US Dollars; and 1 Great British Pound = 1.267 US Dollars. See the section titled “Forward-Looking Statements” below for information on the factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. We present historical and forward-looking non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section entitled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of these non-GAAP measures. A reconciliation of forward-looking non-GAAP measures to the corresponding GAAP measures for operating margin and net loss per share is not available without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of the costs and expenses that may be incurred in the future. These items necessary to reconcile such non-GAAP measures could be material and have a significant impact on the Company’s results computed in accordance with GAAP. Elastic also announced today that Janesh Moorjani, the Company’s Chief Financial Officer and Chief Operating Officer, will be leaving Elastic to pursue another opportunity and his last day with Elastic will be December 13, 2024. Eric Prengel, Elastic’s Group Vice President of Finance, has been appointed as interim Chief Financial Officer effective December 14, 2024. Prengel has been with Elastic for the past two years with broad responsibility for various FP&A and business partnership functions. Prior to joining Elastic, Prengel spent nearly 10 years at J.P. Morgan in various investment banking leadership roles. “I’d like to thank Janesh for all his contributions to Elastic over the past seven years. He has been a trusted colleague and a friend, and we wish him all the best as he pursues a new opportunity. Having worked closely with Eric during his time here, I am excited to have him step into the interim CFO role and I am confident in his disciplined leadership and ability to excel in this role,” said Kulkarni. Elastic’s executive management team will host a conference call today at 2:00 p.m. PT/5:00 p.m. ET to discuss the Company’s financial results and business outlook. A live audio webcast of the conference call will be available through Elastic’s Investor Relations website at ir.elastic.co. A presentation containing financial and operating information will be available at the same website. The replay of the webcast will also be available on the investor relations website. Elastic (NYSE: ESTC), the Search AI Company, enables everyone to find the answers they need in real-time using all their data, at scale. Elastic’s solutions for search, observability and security are built on the Elastic Search AI Platform, the development platform used by thousands of companies, including more than 50% of the Fortune 500. Learn more at elastic.co. and associated marks are trademarks or registered trademarks of Elastic N.V. and its subsidiaries. All other company and product names may be trademarks of their respective owners. This press release contains forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter ending January 31, 2025 and the fiscal year ending April 30, 2025, the expected performance or benefits of our offerings, our product strategy and innovation, changes in leadership, expected market opportunities, and our ability to execute on those market opportunities. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements due to uncertainties, risks, and changes in circumstances, including but not limited to those related to: our future financial performance, including our expectations regarding our revenue, cost of revenue, gross profit or gross margin, operating expenses (which include changes in sales and marketing, research and development and general and administrative expenses), and our ability to achieve and maintain future profitability; our ability to continue to deliver and improve our offerings and develop new offerings (including innovations around AI use cases); customer acceptance and purchase of our new and existing offerings; the expansion and adoption of our Elastic Cloud offerings; our ability to realize value from investments in the business; our ability to maintain and expand our user and customer base; the impact of the evolving macroeconomic and geopolitical environments on our business, operations, hiring and financial results, and on businesses and spending priorities of our customers and partners; the impact of our pricing model strategies on our business; the impact of our licensing model on the use and adoption of our software; the impact of foreign currency exchange rate fluctuations and the uncertain inflation and interest rate environment on our results; our international expansion strategy; our operating results and cash flows; the sufficiency of our capital resources; our ability to successfully execute our go-to-market strategy, our forecasts regarding our business; and general market, political, economic and business conditions. Any additional or unforeseen effect from the evolving macroeconomic and geopolitical environments may exacerbate these risks. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those expressed or implied in our forward-looking statements are included in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the fiscal year ended April 30, 2024 and subsequent reports filed with the SEC. SEC filings are available on the Investor Relations section of Elastic’s website at ir.elastic.co and the SEC’s website at . Elastic assumes no obligation to, and does not currently intend to, update any such forward-looking statements, except as required by law. In addition to our results determined in accordance with U.S. GAAP, we believe the non-GAAP measures listed below are useful in evaluating our operating performance. We use these non-GAAP financial measures to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with U.S. GAAP. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures and key metrics as analytical tools. Investors are encouraged to review the differences between GAAP financial measures and the corresponding non-GAAP financial measures, and not to rely on any single financial measure to evaluate our business. Reconciliations of historical GAAP financial measures to their respective historical non-GAAP financial measures are included below. In relation to constant currency non-GAAP financial measures, the only reconciling item between GAAP financial measures and non-GAAP financial measures is the effect of foreign currency rate fluctuations. Further details on how we calculate such effects can be found in the definition of “Constant Currency” below. We define non-GAAP gross profit and non-GAAP gross margin as GAAP gross profit and GAAP gross margin, respectively, excluding stock-based compensation expense and related employer taxes and amortization of acquired intangible assets. We believe non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as these metrics generally eliminate the effects of certain variables from period to period for reasons unrelated to overall operating performance. We define non-GAAP operating income and non-GAAP operating margin as GAAP operating loss and GAAP operating margin, respectively, excluding stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, and restructuring and other related charges. We believe non-GAAP operating income and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as these metrics generally eliminate the effects of certain variables from period to period for reasons unrelated to overall operating performance. We define non-GAAP net income as GAAP loss, excluding stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, restructuring and other related charges, and the related income tax effect of these adjustments as well as other significant tax adjustments. We define non-GAAP earnings per share, basic, as non-GAAP net income divided by weighted average shares outstanding and non-GAAP earnings per share, diluted, as non-GAAP net income divided by weighted average diluted shares outstanding, which includes the potentially dilutive effect of the company’s employee equity incentive plan awards. We believe non-GAAP earnings per share provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this metric generally eliminates the effects of certain variables from period to period for reasons unrelated to overall operating performance. Adjusted free cash flow is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities adjusted for cash paid for interest less cash used for investing activities for purchases of property and equipment. Adjusted free cash flow margin is calculated as adjusted free cash flow divided by total revenue. Adjusted free cash flow does not represent residual cash flow available for discretionary expenditures since, among other things, we have mandatory debt service requirements. We compare the percent change in certain results from one period to another period using constant currency information to provide a framework for assessing how our business performed excluding the effect of foreign currency rate fluctuations. In presenting this information, current and comparative prior period results are converted into United States dollars at the exchange rates in effect on the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Elastic Investor Relations Elastic Corporate Communications Revenue Subscription $ 340,807 $ 287,743 $ 664,581 $ 557,990 Services 24,554 22,869 48,200 46,375 Total revenue 365,361 310,612 712,781 604,365 Cost of revenue Subscription 69,941 59,996 138,288 117,262 Services 23,238 20,093 46,648 40,304 Total cost of revenue 93,179 80,089 184,936 157,566 Gross profit 272,182 230,523 527,845 446,799 Operating expenses Research and development 88,163 80,108 177,495 160,798 Sales and marketing 144,274 133,230 301,631 266,399 General and administrative 44,085 38,695 86,758 76,634 Restructuring and other related charges 86 29 225 754 Total operating expenses 276,608 252,062 566,109 504,585 Operating loss (4,426 ) (21,539 ) (38,264 ) (57,786 ) Other income, net Interest expense (6,462 ) (6,349 ) (12,988 ) (12,655 ) Other income, net 9,106 8,239 20,314 15,539 Loss before income taxes (1,782 ) (19,649 ) (30,938 ) (54,902 ) Provision for income taxes 23,668 5,147 43,739 18,402 Net loss $ (25,450 ) $ (24,796 ) $ (74,677 ) $ (73,304 ) Net loss per share attributable to ordinary shareholders, basic and diluted $ (0.25 ) $ (0.25 ) $ (0.73 ) $ (0.74 ) Weighted-average shares used to compute net loss per share attributable to ordinary shareholders, basic and diluted 103,238,740 99,073,401 102,761,588 98,507,725 Current assets: Cash and cash equivalents $ 658,508 $ 540,397 Restricted cash 3,320 2,692 Marketable securities 539,062 544,002 Accounts receivable, net of allowance for credit losses of $4,992 and $4,979 as of October 31, 2024 and April 30, 2024, respectively 256,068 323,011 Deferred contract acquisition costs 77,129 78,030 Prepaid expenses and other current assets 41,667 42,765 Total current assets 1,575,754 1,530,897 Property and equipment, net 5,005 5,453 Goodwill 319,417 319,380 Operating lease right-of-use assets 16,433 20,506 Intangible assets, net 14,506 20,620 Deferred contract acquisition costs, non-current 106,120 114,509 Deferred tax assets 187,204 225,544 Other assets 7,061 5,657 Total assets $ 2,231,500 $ 2,242,566 Current liabilities: Accounts payable $ 23,557 $ 26,075 Accrued expenses and other liabilities 75,979 75,292 Accrued compensation and benefits 72,511 93,691 Operating lease liabilities 10,525 12,187 Deferred revenue 608,157 663,846 Total current liabilities 790,729 871,091 Deferred revenue, non-current 37,548 30,293 Long-term debt, net 569,165 568,612 Operating lease liabilities, non-current 9,621 12,898 Other liabilities, non-current 12,919 21,487 Total liabilities 1,419,982 1,504,381 Shareholders’ equity: Preference shares, €0.01 par value; 165,000,000 shares authorized, 0 shares issued and outstanding as of October 31, 2024 and April 30, 2024 — — Ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 103,631,086 shares issued and outstanding as of October 31, 2024 and 101,705,935 shares issued and outstanding as of April 30, 2024 1,091 1,070 Treasury stock (369 ) (369 ) Additional paid-in capital 1,895,307 1,750,729 Accumulated other comprehensive loss (18,227 ) (21,638 ) Accumulated deficit (1,066,284 ) (991,607 ) Total shareholders’ equity 811,518 738,185 Total liabilities and shareholders’ equity $ 2,231,500 $ 2,242,566 Net loss $ (25,450 ) $ (24,796 ) $ (74,677 ) $ (73,304 ) Adjustments to reconcile net loss to cash provided by (used in) operating activities: Depreciation and amortization 3,565 4,728 7,738 9,781 Amortization of premium and accretion of discount on marketable securities, net (1,926 ) (1,178 ) (4,126 ) (3,646 ) Amortization of deferred contract acquisition costs 23,994 18,380 47,175 35,952 Amortization of debt issuance costs 278 266 553 529 Non-cash operating lease cost 2,617 2,618 5,455 5,270 Stock-based compensation expense 64,065 56,455 127,608 113,582 Deferred income taxes 23,653 35 38,376 427 Unrealized foreign currency transaction loss (gain) 2,397 (778 ) 2,216 422 Other (14 ) 16 (14 ) (18 ) Changes in operating assets and liabilities: Accounts receivable, net (59,122 ) (48,899 ) 68,081 26,972 Deferred contract acquisition costs (23,278 ) (22,276 ) (37,178 ) (43,421 ) Prepaid expenses and other current assets 998 (2,753 ) 1,174 2,143 Other assets 487 876 (1,452 ) 1,556 Accounts payable 14,065 19,351 (2,335 ) 118 Accrued expenses and other liabilities 892 (982 ) (8,136 ) (1,393 ) Accrued compensation and benefits (3,691 ) (6,888 ) (21,480 ) (10,773 ) Operating lease liabilities (3,033 ) (3,094 ) (6,407 ) (6,194 ) Deferred revenue 17,880 6,532 (51,440 ) (22,578 ) Net cash provided by (used in) operating activities 38,377 (2,387 ) 91,131 35,425 Purchases of property and equipment (715 ) (896 ) (1,462 ) (1,528 ) Purchases of marketable securities (71,090 ) (94,722 ) (166,253 ) (178,301 ) Sales, maturities, and redemptions of marketable securities 86,092 46,176 178,482 75,292 Net cash provided by (used in) investing activities 14,287 (49,442 ) 10,767 (104,537 ) Proceeds from issuance of ordinary shares under employee stock purchase plan 10,464 9,111 10,464 9,111 Proceeds from issuance of ordinary shares upon exercise of stock options 1,782 6,800 6,527 10,643 Net cash provided by financing activities 12,246 15,911 16,991 19,754 Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,389 ) (4,832 ) (150 ) (4,790 ) Net increase (decrease) in cash, cash equivalents, and restricted cash 63,521 (40,750 ) 118,739 (54,148 ) Cash, cash equivalents, and restricted cash, beginning of period 598,307 633,242 543,089 646,640 Cash, cash equivalents, and restricted cash, end of period $ 661,828 $ 592,492 $ 661,828 $ 592,492 Elastic Cloud $ 168,835 46 % $ 134,989 43 % $ 326,116 46 % $ 256,161 42 % Other subscription 171,972 47 % 152,754 50 % 338,465 47 % 301,829 50 % Total subscription 340,807 93 % 287,743 93 % 664,581 93 % 557,990 92 % Services 24,554 7 % 22,869 7 % 48,200 7 % 46,375 8 % Total revenue $ 365,361 100 % $ 310,612 100 % $ 712,781 100 % $ 604,365 100 % Elastic Cloud $ 168,835 25 % 25 % 7 % 7 % Other subscription $ 171,972 13 % 12 % 3 % 2 % Total subscription $ 340,807 18 % 18 % 5 % 5 % Total revenue $ 365,361 18 % 17 % 5 % 5 % $ 645,705 20 % 20 % 3 % 3 % $ 1,266,069 13 % 12 % 1 % — % Elastic Cloud $ 326,116 27 % 27 % Other subscription $ 338,465 12 % 12 % Total subscription $ 664,581 19 % 19 % Total revenue $ 712,781 18 % 18 % Net cash provided by (used in) operating activities $ 38,377 $ (2,387 ) $ 91,131 $ 35,425 Less: Purchases of property and equipment (715 ) (896 ) (1,462 ) (1,528 ) Add: Interest paid on long-term debt — — 11,859 11,859 Adjusted free cash flow (1) $ 37,662 $ (3,283 ) $ 101,528 $ 45,756 Net cash provided by (used in) investing activities $ 14,287 $ (49,442 ) $ 10,767 $ (104,537 ) Net cash provided by financing activities $ 12,246 $ 15,911 $ 16,991 $ 19,754 Net cash provided by (used in) operating activities (as a percentage of total revenue) 10 % (1 )% 13 % 6 % Less: Purchases of property and equipment (as a percentage of total revenue) — % — % — % — % Add: Interest paid on long-term debt (as a percentage of total revenue) — % — % 1 % 2 % Adjusted free cash flow margin 10 % (1 )% 14 % 8 % (1) Adjusted free cash flow includes cash paid for restructuring and other charges of $0.5 million and $3.5 million during the three and six months ended October 31, 2024, respectively, and less than $0.1 million and $0.8 million during the three and six months ended October 31, 2023, respectively. GAAP gross profit $ 272,182 $ 230,523 $ 527,845 $ 446,799 Stock-based compensation expense and related employer taxes 5,908 5,187 12,217 10,581 Amortization of acquired intangibles 2,835 2,977 6,110 5,953 Non-GAAP gross profit $ 280,925 $ 238,687 $ 546,172 $ 463,333 GAAP gross margin 74.5 % 74.2 % 74.1 % 73.9 % Stock-based compensation expense and related employer taxes 1.6 % 1.7 % 1.7 % 1.8 % Amortization of acquired intangibles 0.8 % 1.0 % 0.9 % 1.0 % Non-GAAP gross margin 76.9 % 76.8 % 76.6 % 76.7 % GAAP operating loss $ (4,426 ) $ (21,539 ) $ (38,264 ) $ (57,786 ) Stock-based compensation expense and related employer taxes 65,681 58,103 133,248 117,717 Amortization of acquired intangibles 2,835 3,888 6,110 8,096 Acquisition-related expenses 104 778 152 1,558 Restructuring and other related charges 86 29 225 754 Non-GAAP operating income $ 64,280 $ 41,259 $ 101,471 $ 70,339 GAAP operating margin (1.2 )% (6.9 )% (5.4 )% (9.6 )% Stock-based compensation expense and related employer taxes 18.0 % 18.7 % 18.7 % 19.5 % Amortization of acquired intangibles 0.8 % 1.3 % 0.9 % 1.3 % Acquisition-related expenses — % 0.3 % — % 0.3 % Restructuring and other related charges — % — % — % — % Non-GAAP operating margin 17.6 % 13.3 % 14.2 % 11.6 % GAAP net loss $ (25,450 ) $ (24,796 ) $ (74,677 ) $ (73,304 ) Stock-based compensation expense and related employer taxes 65,681 58,103 133,248 117,717 Amortization of acquired intangibles 2,835 3,888 6,110 8,096 Acquisition-related expenses 104 778 152 1,558 Restructuring and other related charges 86 29 225 754 Income tax effects related to the above adjustments (2) 19,650 183 34,964 8,768 Non-GAAP net income $ 62,906 $ 38,185 $ 100,022 $ 63,589 $ 0.61 $ 0.39 $ 0.97 $ 0.65 $ 0.59 $ 0.37 $ 0.94 $ 0.62 Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, basic 103,238,740 99,073,401 102,761,588 98,507,725 Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, diluted 105,827,936 102,493,070 106,006,894 102,066,719 (1) Totals may not sum, due to rounding. Gross margin, operating margin, and earnings per share are calculated based upon the respective underlying, non-rounded data. (2) Non-GAAP financial information for the quarter is adjusted for a tax rate equal to our annual estimated tax rate on non-GAAP income. This rate is based on our estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP loss in calculating the non-GAAP financial measures presented above as well as other significant tax adjustments. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities. GAAP subscription $ 69,941 $ 59,996 $ 138,288 $ 117,262 Stock-based compensation expense and related employer taxes (2,361 ) (2,208 ) (4,881 ) (4,589 ) Amortization of acquired intangibles (2,835 ) (2,977 ) (6,110 ) (5,953 ) Non-GAAP subscription $ 64,745 $ 54,811 $ 127,297 $ 106,720 GAAP services $ 23,238 $ 20,093 $ 46,648 $ 40,304 Stock-based compensation expense and related employer taxes (3,547 ) (2,979 ) (7,336 ) (5,992 ) Non-GAAP services $ 19,691 $ 17,114 $ 39,312 $ 34,312 GAAP research and development expense $ 88,163 $ 80,108 $ 177,495 $ 160,798 Stock-based compensation expense and related employer taxes (24,777 ) (22,562 ) (50,499 ) (45,967 ) Acquisition-related expenses (6 ) (395 ) (54 ) (1,175 ) Non-GAAP research and development expense $ 63,380 $ 57,151 $ 126,942 $ 113,656 GAAP sales and marketing expense $ 144,274 $ 133,230 $ 301,631 $ 266,399 Stock-based compensation expense and related employer taxes (21,434 ) (18,730 ) (43,883 ) (38,399 ) Amortization of acquired intangibles — (911 ) — (2,143 ) Non-GAAP sales and marketing expenses $ 122,840 $ 113,589 $ 257,748 $ 225,857 GAAP general and administrative expense $ 44,085 $ 38,695 $ 86,758 $ 76,634 Stock-based compensation expense and related employer taxes (13,562 ) (11,624 ) (26,649 ) (22,770 ) Acquisition-related expenses (98 ) (383 ) (98 ) (383 ) Non-GAAP general and administrative expense $ 30,425 $ 26,688 $ 60,011 $ 53,481 View source version on : CONTACT: Anthony Luscri Elastic Investor Relations Miller Elastic Corporate Communications KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: APPS/APPLICATIONS TECHNOLOGY SECURITY SOFTWARE NETWORKS INTERNET IOT (INTERNET OF THINGS) DATA MANAGEMENT ARTIFICIAL INTELLIGENCE SOURCE: Elastic N.V. Copyright Business Wire 2024. PUB: 11/21/2024 04:05 PM/DISC: 11/21/2024 04:06 PMSouth Korea ex-defense minister formally arrested for insurrectionThe Rise of Smart Farming in India Agriculture has been the backbone of India’s economy for centuries, but traditional methods are no longer sufficient to meet modern challenges like climate change, resource constraints, and a growing population. Enter startups for smart farming solutions – innovative companies leveraging technology to transform Indian agriculture. From precision farming and IoT-enabled devices to AI-based analytics and blockchain for supply chain transparency, these startups are redefining the future of farming. Here are the top 10 startups for smart farming solutions to watch in 2025. 1. Fasal Fasal is an agritech startup that empowers farmers with data-driven insights to optimize crop yields. Its IoT-based platform monitors crop health, soil conditions, and weather patterns in real-time. Key Features: IoT sensors for precision agriculture AI-powered analytics for pest and disease prediction Mobile app with multilingual support Why It’s a Leader: Fasal has helped thousands of farmers reduce water usage and increase productivity by up to 40%. 2. DeHaat DeHaat is revolutionizing the agricultural supply chain by providing end-to-end solutions, including input procurement, advisory services, and market linkages. Key Features: AI-driven crop advisory Access to high-quality seeds and fertilizers Marketplace for selling produce Why It’s a Leader: With a network of over 1.5 million farmers, DeHaat is one of the fastest-growing agritech startups in India. 3. AgNext AgNext focuses on improving quality assessment processes in agriculture through AI and machine learning. Its solutions enhance transparency and efficiency in agri-trading. Key Features: AI-powered quality testing devices Blockchain-based traceability solutions Real-time quality reports Why It’s a Leader: AgNext’s solutions have streamlined the quality assurance process for crops like tea, spices, and grains. 4. CropIn CropIn provides farm management solutions using satellite imagery, IoT, and AI. It enables data-driven decision-making for farmers and agribusinesses. Key Features: Real-time farm monitoring Predictive analytics for yield optimization End-to-end traceability Why It’s a Leader: CropIn’s platform has digitized over 16 million acres of farmland and impacted 7 million farmers globally. 5. Stellapps Stellapps specializes in digitizing the dairy supply chain. Its IoT-enabled solutions improve efficiency and productivity for dairy farmers. Key Features: Automated milking systems Real-time monitoring of cattle health Supply chain management tools Why It’s a Leader: By reducing milk wastage and enhancing quality, Stellapps has created a sustainable ecosystem for the dairy industry. 6. Ninjacart Ninjacart is a B2B platform that connects farmers with retailers and businesses, ensuring fresh produce reaches consumers faster and at better prices. Key Features: Predictive analytics for demand forecasting Efficient logistics and supply chain Fair pricing for farmers Why It’s a Leader: Ninjacart’s streamlined processes have reduced food wastage and increased profits for farmers. 7. BharatAgri BharatAgri offers subscription-based advisory services to farmers, focusing on scientific methods to improve productivity. Key Features: Personalized crop plans Weather-based advisory Expert consultations Why It’s a Leader: Farmers using BharatAgri’s platform have reported a 20-30% increase in yields. 8. Ecozen Ecozen develops smart solutions for cold storage and irrigation, enabling farmers to preserve produce and optimize water usage. Key Features: Solar-powered cold storage units IoT-based irrigation systems Energy-efficient solutions Why It’s a Leader: Ecozen’s innovations have helped reduce post-harvest losses significantly. 9. FarmERP FarmERP is an enterprise resource planning software tailored for agriculture, enabling large-scale farms to manage operations efficiently. Key Features: Crop planning and monitoring Financial management tools Supply chain integration Why It’s a Leader among different startups for smart farming solutions: FarmERP’s comprehensive solutions are used by agribusinesses in over 25 countries. 10. Bijak Bijak is a B2B marketplace for agricultural commodities, providing a transparent platform for buyers and sellers to trade efficiently. Key Features: Credit rating system for traders Seamless payment options Real-time price discovery Why It’s a Leader: Bijak’s platform reduces the risk of fraud and delays in agricultural trade. The Role of Startups for Smart Farming Solutions The rise of startups for smart farming solutions in India is addressing critical challenges in agriculture: Productivity: Innovative technologies like AI and IoT optimize crop yields and resource utilization. Sustainability: Startups for smart farming solutions focus on reducing wastage, conserving water, and promoting eco-friendly practices. Market Access: Digital platforms bridge the gap between farmers and buyers, ensuring fair prices and reducing intermediaries. The Future of Smart Farming in India As India strives to achieve self-reliance in agriculture, startups for smart farming solutions will play a pivotal role. With government initiatives like Digital India and increasing adoption of technology, the startups for smart farming solutions is expected to grow exponentially. The integration of AI, blockchain, and IoT will further enhance efficiency, productivity, and sustainability.
US stocks close higher on the day Reuters poll: RBNZ to cut cash rate to 4.25% on November 27 Crude oil settles at $70.10 Is today the day for Bitcoin 100K? Just $1500 away now More from Goolsbee: Feels like we are heading to 2% inflation Matt Gaetz withdraws name for Attorney General nomination Fed's Goolsbee: It may make sense to slow pace of interest rate cuts Major European indices close higher on the day Age of AI: Nvidia’s Explosive Earnings US leading Index for October -0.4% vs -0.3% estimate US existing home sales for October 3.96M versus 3.93M BOE Mann: BOE should hold rates longer to evaluate persistence Tech rebounds as Nvidia surges, Google stumbles ECBs Holzmann says warnings of undershooting 2% are not warranted Canada producer price is for October 1 .2% versus -0.8% last month Philadelphia Fed Business Index for November -5.5 vs 8.0 estimate US initial jobless claims 213K vs 220K estimate What technical levels are in play for some of the major currencies vs the USD for Nov 21 ForexLive European FX news wrap: Dollar tentative amid mixed markets Zelensky says Russia used new missile in attack on Ukraine today Markets: Gold up $19.76 or 0.75% at $2669.75 US 10-year yield 4.42%, up 1.6 bps US 2-year yield 4.344%, up 3.6 bps WTI crude oil up $1.44 or 2.09% at $70.19 S&P 500 rose 31.59 points ro 0.53% at $5948.70 NASDAQ rose 6.28 points or 0.03% at 18972.42 Russell 2000 rose 38.49 points or 1.65% at 2364.01 Dow rose 461.88 points or 1.06% at 43870.35 European shares moved higher. The Dax and Italy's FTSE MIB snapped 4 day losing streaks. The US dollar was mixed in trading today with a bias to the upside. The USD fell vs the JPY, CAD and AUD. EUR, +0.61% JPY -0.59% GBP, +0.41% CHF +0.28% CAD -0.03% AUD -0.15% NZD +0.19% DXY +0.32% Fundamentally, existing home sales increased by 3.4% to an annualized sales pace of 3.96M Key takeaways from the existing home sales Existing-home sales increased by 3.4% in October to 3.96 million (seasonally adjusted annual rate). Sales rose 2.9% compared to October 2023, the first year-over-year gain since July 2021. Median existing-home sales price grew 4.0% year-over-year to $407,200. This marks the 16th consecutive month of year-over-year price increases. Unsold existing homes inventory rose 0.7% to 1.37 million. Inventory represents 4.2 months' supply at the current sales pace. The rise comes despite mortgage rates moving higher. The current 30-year mortgage rate is at 6.84% up from 6.00% at lows from September. US initial jobless claims came in less than expectations at 213K vs 220K estimate. However, continuing claims were higher than expectations and above last week's levels. Continuing claims came in at 1.908M vs 1.873M est and 1.872M last week. Jobs market still remains strong/solid. Philadelphia Fed Manufacturing was mixed with the current business index moving to negative at -5.5 vs 8.0 estimate and 10.3 last month. However, the 6-month index jumped to 56.60 from 36.70 last month. That took that measure to the highest level since the post-covid recovery. Canada producer price data was higher after a few months of declines. That did give CAD buyers a reason to further correct the USDCAD lower. However, the fall was short lived and that pair is closing near unchanged. Fed's Goolsbee spoke today. The Chicago Fed President suggested that it may be prudent for the Federal Reserve to slow the pace of interest rate cuts as they approach the level where rates will stabilize. He expects rates to be significantly lower within the next year and noted that inflation is trending toward the 2% target, with the labor market near stable full employment. Goolsbee emphasized the importance of forward-looking data, such as inflation expectations, while refraining from speculating on the effects of unimplemented policies. He also highlighted that the neutral rate remains far below current levels. ECBs Holzmann was less dovish stating that concerns about inflation undershooting the 2% target are unwarranted. He emphasized the need to maintain restrictive monetary policy in light of ongoing price risks. Holzmann noted that while a rate cut in December is the most likely outcome, it is not guaranteed. Yields moved higher today for the 2nd consecutive day. The 2 year yield is skimming the corrective high from last week at 4.353%. 2-year yield 4.347%, +3.9 basis points 5-year yield 4.299%, +2.7 basis points 10-year yield 4.423%, +1.6 basis points 30-year yield 4.609%, +1.7 basis points 2-10 year spread is down -2.0 bps at 7.5 bps 2-30 year spread is also down -2.0 bps at 26 bps Bitcoin reached another record level with the price pushing BITCOIN 100K. The high price today reached $99,121 but backed off and trades at $98,182. Technically speaking: EURUSD: The EURUSD moved to a new 2024 low taking out the low from last week at 1.04956. The 2023 low price from remains the next target at 1.0448. Move below that and the 50% of the move up from the 2022 low to the 2023 high comes in at 1.0405. A bounce higher could see more upside momentum on a move above the high of a swing area at 1.05316. Get and stay above that and the 100 hour MA at 1.0555 (and moving lower would be targeted. USDJPY: The USDJPY moved lower in the early Asian session and bounced off the 100 bar MA on the 4-hour chart at 153.88 currently. The price bounced up toward the falling 100 hour MA at 154.72 and the 200 hour MA at 154.89. A move above those levels would tilt the bias more to the upside once again as the ups-and-down for the week continue into the last day of the week. Stay below the hourly MAs, and the 100 bar MA on the 4-hour chart will be eyed as key support. GBPUSD: The GBPUSD moved to the lowest level since May with a break of the low from last week at 1.2596. The low reached 1.2575 and bounced back to the 1.2596 low from last week. Buyers and sellers are battling around that level. IN the new day, watch a move above 1.26137. If there is momentum, it could tilt the sellers to buyers with the 100 bar MA on the 4-hour chart at 1.2649 as the target. That MA did a good job of stalling the rallies today. in the Asian and US morning session. AUDUSD: For the AUDUSD the last three trading days had found support near the pairs 100 hour MA. That rising moving average currently comes in and 0.6501 which is just below the 200 hour moving average at 0.6504. That area will be a key barometer for the pair today and going forward. Stay above and more upside probing can be expected. Move below and the bias shifts more to the downside technically. Thank you for your support. Good fortune with your trading.However, despite Barcelona's impressive track record against Borussia Dortmund, it would be unwise to underestimate the German side. Borussia Dortmund boasts a talented squad with players like Erling Haaland, Jadon Sancho, and Marco Reus who are capable of turning the tide of the game with their individual brilliance. Their pace, skill, and goal-scoring ability have the potential to trouble Barcelona's defense and create scoring opportunities.