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Snow continued to fall Monday around parts of the Great Lakes region, where storm-weary residents who have plowed and shoveled for days faced the prospect of even greater accumulations. Lake-effect snow fell on parts of western New York, Pennsylvania and Ohio that were already blanketed with a foot (0.3 meters) or more over the past four days. By Monday morning, the village of Cassadaga, New York, east of Lake Erie, recorded 4.5 feet (1.4 meters) of snow. Snow was forecast through Tuesday in that largely rural area south of Buffalo. “It was so much, so quick, that we got buried," said Rebecca Chamberlin, who lives in Cassadaga with her husband and two sons. She has been struggling to keep up with the bands of sometimes wet and heavy snow. “If it had been, you know, over a period of a week or more, it wouldn’t have been so bad.” In Ohio, the quaint village of Geneva-on-the-Lake had more than 4 feet (1.2 meters) of snow, and more is in the forecast through the rest of the week, according to the National Weather Service. “At this point, it's just annoying,” said Ryan Colby, who lives a snowball's toss from Lake Erie in the Ohio village. “We’ve just been getting hit left and right with it. I’ve been getting up every couple hours and shoveling out the driveway and the porch just so we don’t get too, too buried again.” Lake-effect snow warnings were in effect through Tuesday night in parts of Ohio, New York and Pennsylvania. Winter storm warnings or advisories also were posted through Tuesday in Michigan, up and down the Lake Michigan coast, where as much as a foot (0.3 meters) of snow was predicted. Farther inland, some communities canceled school, including Gaylord, where more than 3 feet (0.9 meters) of snow has fallen since Thanksgiving. “Last year at this time we still had green grass,” said Mike Williams, who has a snow removal business in Gaylord. “To get it all at once overwhelmed everyone.” In southwest Michigan, a crash involving about 14 passenger vehicles and three semi-trucks critically injured a driver and shut down Interstate 94 near Hartford in both directions during whiteout conditions on Monday, the Michigan State Police posted on the social platform X. More than a dozen “vehicle slide offs” had also been reported in the area, with police warning drivers to slow down. Skies were clear east of Lake Ontario in northern New York, where some residents were still digging out from mountains of snow. “We’ve got snow banks that are higher than me,” said Mary Shambo, owner of the Cottage Inn in Copenhagen, New York. The small village received more than 5 feet (1.5 meters) of snow in four days. Shambo and her husband, Ben, managed to stay open through the thick of the storm. Some locals arrived by snowmobile, but they mostly served truckers who pulled off the road when bands of snow became particularly fierce. “It goes from whiteout conditions to clear,” she said, “so they would take off when it was clear and hope to God they got to where they needed to go.” In Ohio, the mayor of Geneva-on-the-Lake has been using a backhoe almost nonstop since Thursday to clear the snow. “Every business down here has been shut down the last four days," Mayor Dwayne Bennett said. “You can’t even get in the front doors." “The problem is we’re not equipped to handle this much snow in this amount of time,” he added. Officials faced similar problems in snow-bound Erie, Pennsylvania, where 3 to 4 feet (0.9 to 1.2 meters) of snow fell since Thursday, and accumulations on the ground were particularly wet and heavy. “Every shovel is like 30 pounds, and there’s not a lot of space to put that snow once it’s been piling up for days and days,” said Sarah Morrison with the Erie Metropolitan Transit Authority. Up to 17 inches (43 centimeters) of snow fell in Alaska’s capital city of Juneau over the weekend as part of a system that was “definitely stronger” than what the region typically experiences this time of year, National Weather Service meteorologist Greg Spann said. Snow had transitioned to freezing rain early Monday, he said, with roads icy in some areas. Wet, heavy snow was piled on sidewalks along typically busy streets near downtown Juneau, and slushy pools were forming at some intersections. School went to remote learning in the city on Monday, and state offices were closed due to freezing rain. Ice encased the thin branches on some trees. The rest of Juneau's week is expected to be very different, with forecasts calling for rain and unusually warm temperatures in the 40s (between 4.4 and 10 degrees Celsius). This story has been updated to correct the snow total in Cassadaga, New York, to 4.5 feet, not 5.5 feet. Contributing to this report were Susan Haigh in Norwich, Connecticut; John Seewer in Toledo, Ohio; Ed White in Detroit; Mark Scolforo in Harrisburg, Pennsylvania; and Becky Bohrer in Juneau, Alaska.Syringes Market Growth in Future Scope 2024-2031 12-21-2024 05:25 PM CET | Health & Medicine Press release from: Coherent Market Insights Syringes Market Trends Overview 2024-2031: A new Report by Coherent Market Insights, titled "Syringes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Syringes market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report has a complete table of contents, figures, tables, and charts, as well as insightful analysis. The Syringes market has been growing significantly in recent years, driven by a number of key factors, such as increasing demand for its products, expanding customer base, and technological advancements. This report provides a comprehensive analysis of the Syringes market, including market size, trends, drivers and constraints, Competitive Aspects, and prospects for future growth. Purchase Now Up to 45% Discount on This Premium Report @ https://www.coherentmarketinsights.com/promo/buynow/101822 The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. As a result, the client has a complete knowledge of the market and business from past, present, and prospective aspects enabling them to allocate resources and investing money wisely. Scope of the Syringes Market: The Syringes market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2021, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Geographical Landscape of the Syringes market: The Syringes Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. » North America (United States, Canada, and Mexico) » Europe (Germany, France, UK, Russia, Italy) » Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) » Latin America (Brazil, Argentina, Colombia) » Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) This report offers actionable growth insights and an extensive study comprising secondary research, primary interviews with industry stakeholders, and competitors, validation, and triangulation with the Coherent Market Insights regional database. Experts have detailed primary records with the market players across the value chain in all regions and industry experts to obtain qualitative and quantitative insights. Trends and Opportunities of the Syringes Market: The Syringes market has seen several trends in recent years, and understanding these trends is crucial to stay ahead of the competition. This report also presents several opportunities for players in the market. The increasing demand for Syringes in various industries presents several growth opportunities for players in the market. Key Benefits for Stakeholders: ⏩ The study includes a comprehensive analysis of current Syringes Market trends, estimations, and market size dynamics from 2024 to 2031 in order to identify the most potential prospects. ⏩ The five forces study by Porter underlines the role of buyers and suppliers in aiding stakeholders in making profitable business decisions and expanding their supplier-buyer network. ⏩ In-depth research, as well as market size and segmentation, can assist you in identifying current Syringes Market opportunities. ⏩ The largest countries in each area are mapped based on their market revenue contribution. ⏩ The Syringes Market research report provides an in-depth analysis of the top competitors in the Syringes Market. 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FAQ's Q.1 What are the main factors influencing the Syringes market? Q.2 Which companies are the major sources in this industry? Q.3 What are the market's opportunities, risks, and general structure? Q.4 Which of the top Syringes Market companies compare in terms of sales, revenue, and prices? Q.5 Which businesses serve as the Syringes market's distributors, traders, and dealers? Q.6 How are market types and applications and deals, revenue, and value explored? Q.7 What does a business area's assessment of agreements, income, and value implicate? Author of this marketing PR: Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. 📌Contact Us: Mr. Shah Coherent Market Insights Pvt. Ltd, 📞U.S.: + 12524771362 📞U.K.: +442039578553 📞AUS: +61-2-4786-0457 📞INDIA: +91-848-285-0837 ✉ Email: sales@coherentmarketinsights.com About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. This release was published on openPR.
Patient Monitoring Market Generated Opportunities, Future Scope 2024-2031
Festival of Lights begins tomorrow to celebrate Hanukkah
Biden's broken promise on pardoning his son Hunter is raising new questions about his legacy WASHINGTON (AP) — President Joe Biden’s decision to go back on his word and pardon his son Hunter wasn't all that surprising to those who are familiar with the president's devotion to his family. But by choosing to put his family first, the 82-year-old president has raised new questions about his legacy. Biden has held himself up as placing his respect for the American judicial system and rule of law over his own personal concerns. It was part of an effort to draw a deliberate contrast with Republican Donald Trump. Now, both his broken promise and his act of clemency are a political lightning rod. Some Democrats are frustrated over Joe Biden reversing course and pardoning his son Hunter ATLANTA (AP) — Already reeling from their November defeat at the polls, Democrats now are grappling with President Joe Biden's pardoning of his son for a federal felony conviction — after the party spent years slamming Donald Trump as a threat to democracy who operates above the law. The White House on Monday struggled to defend the pardon, claiming the prosecution was politically motivated — a page out of Trump's playbook. That explanation did not satisfy some Democrats who are angry that Biden’s reversal could make it harder to take on Trump. Hezbollah attack draws Israeli strikes on Lebanon, killing 11 people and testing ceasefire's limits JERUSALEM (AP) — Israel has unleashed its largest wave of airstrikes across Lebanon since agreeing to a ceasefire with Hezbollah last week, killing at least 11 people. The strikes came after the Lebanese militant group fired a volley of projectiles earlier on Monday as a warning over what it said were Israeli truce violations. This was apparently the first time Hezbollah took aim at Israeli forces after the 60-day ceasefire went into effect last week. The increasingly fragile ceasefire aims to end more than a year of war between Hezbollah and Israel — part of a wider regional conflict sparked by the devastating Israel-Hamas war in Gaza. Key players in Syria's long-running civil war, reignited by a shock rebel offensive BEIRUT (AP) — Syria’s long civil war has reclaimed global attention after insurgents seized most of its largest city and dozens of nearby towns and villages. The stunning advance on Aleppo by rebel forces came as several key players in the conflict have been distracted or weakened. That triggered the heaviest clashes since a 2020 ceasefire brought relative calm to the country’s north. Russian and Syrian forces have carried out dozens of airstrikes to try to limit the insurgents’ advances, inflicting heavy casualties. Syria’s civil war started in 2011 after an uprising against President Bashar Assad’s rule. Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk DOVER, Del. (AP) — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. The judge on Monday also rejected an equally unprecedented and massive fee request by plaintiff attorneys. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package that carried a potential value of $56 billion. The judge ruled in January that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. Tesla shareholders then voted for a second time to ratify Musk’s 2018 pay package, but the judge refused to revisit her initial ruling. Woman driving drunk who killed bride still in her wedding dress sentenced to 25 years in prison A woman who admitted to drinking and who was driving well over twice the speed limit when she smashed into a golf cart killing a bride who had just got married at a South Carolina beach has been sentenced to 25 years in prison. Jamie Lee Komoroski pleaded guilty Monday to reckless homicide and three felony driving under the influence charges. Police said the 27-year-old drank at several bars on April 28, 2023, and was driving 65 mph on a narrow Folly Beach road when she slammed into a golf cart leaving a wedding. The bride, 34-year-old Samantha Miller, died still wearing her wedding dress. What is 'lake-effect snow'? Warm air from large bodies of water is the key ingredient The lake-effect snow that has fallen in parts of upstate New York, Pennsylvania and Michigan is the result of cold, moist air that blew over the Great Lakes region. A meteorologist with the National Weather Service says the warmer temperature of the water sends the moisture into an atmospheric layer conducive to snow. Then clouds form and snow falls downwind from the lakes. Over the weekend, parts of upstate New York, Pennsylvania and Michigan saw nearly 4 feet of lake-effect snow. The weather service says forecasting lake-effect snow can be difficult. The storms typically form in thin bands, meaning slight wind shifts can easily change which areas see heavy snow. Florida woman sentenced to life for zipping boyfriend into suitcase, suffocating him A 47-year-oldFlorida woman has been sentenced to life in prison for zipping her boyfriend into a suitcase and leaving him to die of suffocation amid a history of domestic and alcohol abuse. Circuit Judge Michael Kraynick imposed the sentence Monday in Orlando on Sarah Boone for the 2020 killing of 42-year-old Jorge Torres. A jury deliberated only 90 minutes Oct. 25 before convicting Boone of the second-degree murder of Jorge Torres after a 10-day trial. Boone had insisted she was herself a victim of domestic violence at the hands of Torres and had pleaded not guilty. Cyber Monday shoppers expected to set a record on the year's biggest day for online shopping Consumers in the U.S. are scouring the internet for online deals as they look to make the most of the post-Thanksgiving shopping marathon on Cyber Monday. The National Retail Federation coined the term for the Monday after Black Friday in 2005. Even though e-commerce is now part and parcel of many people’s regular routine, Cyber Monday continues to be the biggest online shopping day of the year, thanks to steady discounts and a fair amount of hype. Several major retails actually started their Cyber Monday promotions over the weekend. Consumer spending for the online shopping days between Thanksgiving and Cyber Monday provides an indication of how much shoppers are willing to spend for the holidays.Dubai has become a global hub for innovative fitness experiences, attracting individuals looking to improve their health and well-being. The city offers diverse options, but one trend continues to stand out— fitness boot camps. These programs have gained significant popularity due to their ability to combine intense training sessions with a supportive group environment. Participants often choose these camps to achieve better health, build teamwork skills, and stay motivated through challenging workouts. Whether you aim to lose weight, increase endurance, or feel stronger, boot camps provide a structured approach to fitness. They focus on delivering results through expert coaching, diverse exercise routines, and a strong sense of community. Fitness boot camps in Dubai cater to beginners and seasoned athletes, ensuring inclusivity for everyone seeking an active lifestyle. Dubai’s fitness boot camps in 2025 combine various workout styles with cutting-edge techniques. Participants can expect diverse sessions, including cardio drills, strength training, yoga practices, and high-intensity interval training (HIIT). These camps challenge individuals at every fitness level, whether they are just starting or looking to push their limits further. Innovation plays a significant role in the structure of these programs. Many camps incorporate technology-driven features, like real-time performance tracking and virtual coaching tools, to enhance training effectiveness. This approach helps participants stay engaged and measure progress consistently. Another noticeable trend is the integration of mindfulness into physical routines. Many programs now include elements like guided stretching, breathing exercises, and mental focus techniques to promote overall well-being alongside physical fitness. Group training at fitness boot camps in Dubai has gained popularity among those looking for fulfilling and effective fitness experiences. These programs foster motivation and teamwork among participants. A study published by the American Council on Exercise (ACE) reveals that boot camp workouts are one of the most powerful group exercise options, inspiring individuals to push their limits and achieve their fitness goals. Here’s how group training stands out: Group training in Dubai combines physical and emotional benefits, making it an excellent choice for those looking to stay motivated and achieve their goals effectively. The Circuit Factory is a standout choice for fitness enthusiasts looking to achieve results through dynamic, high-energy workouts. With its innovative approach, the boot camp offers high-intensity sessions, ensuring inclusivity and progress for everyone. Group sessions are a cornerstone of the program, fostering motivation and camaraderie among participants. The facility is equipped with modern training tools and staffed by expert trainers who provide guidance and support to help participants reach their goals effectively. Flexible membership plans make it accessible for Dubai residents and travelers, providing options that fit various schedules and commitments. The supportive community atmosphere sets The Circuit Factory apart, creating an environment where participants feel encouraged to challenge themselves. ReiseAthleten offers premium fitness boot camps in Dubai that combine high-quality training with a luxurious lifestyle. These programs provide personalized coaching and opportunities for relaxation. Participants can enjoy group activities focusing on wellness and building connections while staying on track with their fitness goals. The facilities are a standout feature, including state-of-the-art gyms, indulgent spa treatments, and gourmet meals to support health and recovery. This thoughtful combination ensures that participants achieve measurable results without compromising on comfort. ReiseAthleten offers a fitness experience that emphasizes physical growth and mental refreshment. This luxury boot camp delivers a unique way to make fitness both rewarding and enjoyable in one of the most dynamic cities in the world. Barry’s Bootcamp is recognized globally for its high-intensity workouts that combine cardio and strength training in a unique format. Each session takes place in the state-of-the-art Red Room, a high-energy environment designed to keep participants motivated and engaged. The workouts are structured to maximize calorie burn while building muscle tone, offering a balanced approach to fitness. The inclusive setup ensures everyone feels supported, whether you are a beginner or experienced. Barry’s Bootcamp also emphasizes post-workout recovery with its in-house nutrition bar, offering a selection of protein shakes and healthy snacks to replenish energy. This combination of expert programming, community-driven workouts, and recovery support makes it an ideal choice for anyone looking to improve their fitness levels efficiently. F45 Training is a standout option for those seeking effective, functional workouts that deliver results in just 45 minutes. Known for its structured approach, F45 combines cardio, resistance, and hybrid sessions to keep participants engaged and challenged. One of the unique features of F45 is its team-based exercises, which foster a strong sense of accountability and motivation among participants. Advanced technology enhances the experience by tracking real-time performance during workouts. Participants can monitor their progress and adjust their efforts for optimal results. With multiple locations across Dubai, F45 makes it convenient for residents and visitors to stay committed to their fitness goals. As part of the growing trend of fitness boot camps in Dubai, F45 offers a dynamic, inclusive, and accessible way to achieve better health and long-term fitness success. Ignite Fitness & Wellness offers outdoor boot camps in some of Dubai’s most picturesque locations, combining exercise with a refreshing change of scenery. These camps meet various fitness goals, including weight loss, building endurance, or improving overall strength. With customized programs that cater to different levels, Ignite ensures inclusivity for all participants. Sessions include engaging activities like yoga, circuit training, and team challenges, keeping workouts exciting. The flexible schedule accommodates beginners and seasoned fitness enthusiasts, making it easy for anyone to join. Choosing the right boot camp in Dubai requires careful consideration of your fitness goals and personal preferences. Whether you aim to improve strength, build endurance, or join a structured weight loss program , begin by identifying what you want to achieve. Besides helping with shedding extra pounds, programs like these focus on long-term health improvements through balanced exercise routines and nutritional guidance. Location and budget should align with your lifestyle, as convenience and affordability will help you stay consistent. Also, flexible schedules are another factor you should keep in mind, especially if you have a busy routine. Reviews and testimonials provide valuable insights into the quality of a boot camp. Look for feedback on certified trainers and the overall supportiveness of the environment. Trial classes are a practical way to assess if a program meets your expectations. Technology has significantly enhanced the effectiveness of fitness boot camps, offering custom solutions for participants with different goals. Tools like fitness trackers and apps have become common, providing real-time performance tracking that helps users stay on target and measure progress. Virtual coaching platforms have also made it easier to maintain consistency, even outside scheduled sessions. AI-driven personalization is another innovation that transforms these programs. By analyzing individual performance data, these tools create customized workout and recovery plans to maximize results. This personalized approach ensures participants achieve their goals while reducing the risk of injury or burnout. Fitness Boot Camps in Dubai cater to diverse needs, preferences, and fitness levels. Whether you’re seeking high-intensity training, functional fitness, outdoor adventures, or a luxury experience, there’s no shortage of options to help you achieve your fitness goals. With the added benefits of group training, cutting-edge technology, and personalized attention, Dubai’s boot camps provide an excellent environment for those looking to push their limits while having fun. Whether your goal is to lose weight, improve endurance, or get in the best shape of your life, these boot camps offer everything you need to succeed. Start your fitness journey today and choose the boot camp that aligns with your goals. Also published on Medium .Gov. Wes Moore says Piedmont Reliability Project must ‘put people first’
Total Revenues of $699.2M , up 13% Year Over Year Subscription Services Revenues of $580.9M , up 17% Year Over Year PLEASANTON, Calif. , Dec. 5, 2024 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its third quarter ended October 31, 2024. "It was a great quarter of innovation and excellent execution across the board," said CEO Peter Gassner . "Especially significant was the hard work for the long term. We deepened a number of large, highly strategic relationships and are set to deliver the next generation of CRM this month with Vault CRM Suite to connect sales, marketing, and medical – a first for the industry." Fiscal 2025 Third Quarter Results: "We delivered results ahead of guidance on all metrics, reflecting our operational discipline and the durability of our model," said CFO Brian Van Wagener . "With a clear product strategy, focused execution, and large market opportunity we are well positioned for strong growth and profitability for many years to come." Recent Highlights: Financial Outlook: Veeva is providing guidance for its fiscal fourth quarter ending January 31, 2025 as follows: Veeva is providing updated guidance for its fiscal year ending January 31, 2025 as follows: Conference Call Information Prepared remarks and an investor presentation providing additional information and analysis can be found on Veeva's investor relations website at ir.veeva.com . Veeva will host a Q&A conference call at 2:00 p.m. PT today, December 5, 2024, and a replay of the call will be available on Veeva's investor relations website. What: Veeva Systems Fiscal 2025 Third Quarter Results Conference Call When: Thursday, December 5, 2024 Time: 2:00 p.m. PT (5:00 p.m. ET) Online Registration: https://registrations.events/direct/Q4I86021395 Webcast: ir.veeva.com ___________ (1) The customer contracting change that standardized termination for convenience (TFC) rights in our master subscription agreements resulted in a change in the timing of revenue for certain customer contracts and reduced revenues, operating income and non-GAAP operating income, and net income and non-GAAP net income in the third quarter of fiscal 2024. (2) This press release uses non-GAAP financial metrics that are adjusted for the impact of various GAAP items. See the section titled "Non-GAAP Financial Measures" and the tables entitled "Reconciliation of GAAP to Non-GAAP Financial Measures" below for details. (3) Veeva is not able, at this time, to provide GAAP targets for operating income and fully diluted net income per share for the fourth fiscal quarter ending January 31, 2025 or the fiscal year ending January 31, 2025 because of the difficulty of estimating certain items excluded from non-GAAP operating income and non-GAAP fully diluted net income per share that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. About Veeva Systems Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world's largest pharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders and the industries it serves. For more information, visit veeva.com . Veeva uses its ir.veeva.com website as a means of disclosing material non-public information, announcing upcoming investor conferences, and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings, and public conference calls and webcasts. Forward-looking Statements This release contains forward-looking statements regarding Veeva's expected future performance and, in particular, includes quotes from management and guidance, provided as of December 5, 2024, about Veeva's expected future financial results. Estimating guidance accurately for future periods is difficult. It involves assumptions and internal estimates that may prove to be incorrect and is based on plans that may change. Hence, there is a significant risk that actual results could differ materially from the guidance we have provided in this release and we have no obligation to update such guidance. There are also numerous risks that have the potential to negatively impact our financial performance, including issues related to the performance, availability, security, or privacy of our products, competitive factors, customer decisions and priorities, events that impact the life sciences industry, general macroeconomic and geopolitical events (including inflationary pressures, changes in interest rates, currency exchange fluctuations and impacts related to Russia's invasion of Ukraine and the Israel-Hamas conflict), and issues that impact our ability to hire, retain and adequately compensate talented employees. We have summarized what we believe are the principal risks to our business in a section titled "Summary of Risk Factors" on pages 36 and 37 in our filing on Form 10-Q for the period ended July 31, 2024 which you can find here . Additional details on the risks and uncertainties that may impact our business can be found in the same filing on Form 10-Q and in our subsequent SEC filings, which you can access at sec.gov . We recommend that you familiarize yourself with these risks and uncertainties before making an investment decision. Investor Relations Contact: Media Contact: Gunnar Hansen Maria Scurry Veeva Systems Inc. Veeva Systems Inc. 267-460-5839 781-366-7617 ir@veeva.com pr@veeva.com VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,044,511 $ 703,487 Short-term investments 4,018,475 3,324,269 Accounts receivable, net 255,817 852,172 Unbilled accounts receivable 45,472 36,365 Prepaid expenses and other current assets 82,885 86,918 Total current assets 5,447,160 5,003,211 Property and equipment, net 55,695 58,532 Deferred costs, net 22,515 23,916 Lease right-of-use assets 60,325 45,602 Goodwill 439,877 439,877 Intangible assets, net 48,527 63,017 Deferred income taxes 322,652 233,463 Other long-term assets 56,102 43,302 Total assets $ 6,452,853 $ 5,910,920 Liabilities and stockholders ' equity Current liabilities: Accounts payable $ 31,845 $ 31,513 Accrued compensation and benefits 34,634 43,433 Accrued expenses and other current liabilities 30,906 32,980 Income tax payable 10,803 11,862 Deferred revenue 739,657 1,049,761 Lease liabilities 9,156 9,334 Total current liabilities 857,001 1,178,883 Deferred income taxes 475 2,052 Lease liabilities, noncurrent 62,545 46,441 Other long-term liabilities 31,429 38,720 Total liabilities 951,450 1,266,096 Stockholders' equity: Common stock 2 2 Additional paid-in capital 2,248,890 1,915,002 Accumulated other comprehensive loss (6,459) (10,637) Retained earnings 3,258,970 2,740,457 Total stockholders' equity 5,501,403 4,644,824 Total liabilities and stockholders ' equity $ 6,452,853 $ 5,910,920 VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands, except per share data) (Unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Revenues: Subscription services (4) $ 580,850 $ 494,912 $ 1,676,082 $ 1,380,095 Professional services and other (5) 118,357 121,593 349,651 352,960 Total revenues 699,207 616,505 2,025,733 1,733,055 Cost of revenues (6) : Cost of subscription services 82,638 74,435 239,577 213,179 Cost of professional services and other 91,751 93,247 279,068 290,184 Total cost of revenues 174,389 167,682 518,645 503,363 Gross profit 524,818 448,823 1,507,088 1,229,692 Operating expenses (6) : Research and development 172,411 161,278 511,551 465,466 Sales and marketing 98,695 96,773 297,524 282,269 General and administrative 72,359 62,283 195,001 187,887 Total operating expenses 343,465 320,334 1,004,076 935,622 Operating income 181,353 128,489 503,012 294,070 Other income, net 60,937 42,187 171,239 111,260 Income before income taxes 242,290 170,676 674,251 405,330 Income tax provision 56,482 35,518 155,738 27,023 Net income $ 185,808 $ 135,158 $ 518,513 $ 378,307 Net income per share: Basic $ 1.15 $ 0.84 $ 3.21 $ 2.36 Diluted $ 1.13 $ 0.83 $ 3.15 $ 2.32 Weighted-average shares used to compute net income per share: Basic 161,987 160,768 161,707 160,344 Diluted 164,979 163,761 164,838 163,129 Other comprehensive income: Net change in unrealized (loss) gain on available-for-sale investments $ (738) $ (2,637) $ 5,576 $ (6,100) Net change in cumulative foreign currency translation loss (146) (518) (1,398) (309) Comprehensive income $ 184,924 $ 132,003 $ 522,691 $ 371,898 (4) Includes subscription services revenues from the following product areas: Veeva Commercial Solutions $ 278,377 $ 251,167 $ 811,503 $ 733,921 Veeva R&D Solutions 302,473 243,745 864,579 646,174 Total subscription services $ 580,850 $ 494,912 $ 1,676,082 $ 1,380,095 (5) Includes professional services and other revenues from the following product areas: Veeva Commercial Solutions $ 45,855 $ 47,899 $ 139,695 $ 140,082 Veeva R&D Solutions 72,502 73,694 209,956 212,878 Total professional services and other $ 118,357 $ 121,593 $ 349,651 $ 352,960 (6) Includes stock-based compensation as follows:
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