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Key Takeaways This week's tragic shooting of UnitedHealthcare CEO Brian Thompson in New York has raised concern about the security of corporate leaders. CNN says , "UnitedHealthcare CEO's killing shows why companies spend millions to protect their top executives." A Forbes columnist predicts that "after the shooting... security personnel will be in demand." And, according to this Wall Street Journal report , his killing "prompted an immediate re-evaluation of longstanding security practices across corporate America," and "dozens" of security chiefs from large U.S. companies convened together on a call to discuss the situation. "The environment is explosive right now," a former Boston police commissioner who now (no surprise) consults with large companies on mitigating security risks told the Journal. "The threats are evolving and getting more violent." Okay, let's calm down, shall we? Related: Unsolved Murder of UnitedHeathcare Exec Causes Panicked Health Insurance Companies to Take Down Website Leadership Pages Of course, there's reason behind this concern. Corporate executives are not only more in the spotlight than ever before, but they are also not too hard to find. They attend public events, shareholder meetings and social functions all over the world. Often, companies make their schedules public or publish press releases noting where they'll be. Getting hold of their home addresses is a few steps online. Digging into their personal relationships takes minutes, thanks to LinkedIn, X and Facebook. If you're a corporate executive, you can easily be targeted by someone who, say, wants to right a wrong or impersonate a social justice warrior for 15 minutes of fame. But this is not a new thing, is it? Uber's former CEO, Travis Kalanick, was egged in Taiwan in 2017. Bill Gates was hit with a pie in the face during an overseas visit in 1998. Rubert Murdoch and the CEOs of Qantas Airlines and the now defunct Enron Corporation also got pie-ed. Frankly, lots of business leaders and celebrities have been "involuntarily" pied over the years. But the murder of a CEO is, obviously, much more serious. Thankfully, these situations have not only been few and far between but almost non-existent. An advertising executive was murdered in New Jersey in 1994, but that turned out to be the Unabomber's doing. A Microsoft executive was shot and killed in Florida in 2022, but the culprit turned out to be his ex-wife's husband. George Tiller, who owned a women's health clinic in Kansas, was murdered by an anti-abortion extremist at a church service (his clinic was the target of "multiple attacks" previously). I don't want to downplay or trivialize the gravity of what happened to Thompson. But I've searched Google and various chatbots like Perplexity and ChatGPT for examples of other CEOs who have met the same fate and come up short. There are currently 55,000 publicly held companies in the world, and the U.S. has more than six million employee-owned businesses alone. These companies are led not only by CEOs and business owners but by teams of senior executives who would all make enticing targets for the attention seeker. And yet, there are very, very few incidents like this. Senior executives seem more at risk of succumbing to a skiing accident or going down in a plane crash than some random person shooting them point blank on a busy New York City street. Which is why we should all calm down for a minute. The media loves to exploit the worst of our fears and anxieties to get clicks. So they write things like "security will be in demand" and "the environment is explosive." Posts like these from irresponsible "journalists" certainly do not help either. It's a great marketing moment for security firms. But should corporations be making knee-jerk decisions to all-of-the-sudden start spending significant sums for security over what seems to be an isolated incident? If your CEO is Mark Zuckerberg, a celebrity, I get it. But for all others? I'm not so sure. Related: Here's How Entrepreneurs Can Protect Their Company From Cyberattacks Why? Because people don't go around shooting other people. Our systems — while they don't catch everyone — are pretty good at isolating those with criminal histories or who need watching. Guns can be obtained both legally and illegally, but pulling off a shooting requires patience, skill and planning. Of course, people in public positions need to be careful in today's world. CEOs who get political or involved in social issues or support certain controversial causes are increasing their risk of assault from a tiny fraction of lunatics that oppose them. Executives who run firms that are involved in life and death matters, such as healthcare, also need to be careful. All leaders have to be aware of their surroundings. If they receive threats — as Thompson allegedly did — they must take them seriously. Those are the situations where added security measures are needed, be it provided by local police or through private firms. But as you can see from the numbers, these situations are few and far between. So, no one should be panicking. Corporations don't need to surround their CEOs with secret service-type agents in sunglasses. Some do, and they pay millions for the privilege. But for the vast majority of corporate executives, they can take heart that we haven't gotten to that point. And I don't think we will ever get to that point — at least not in the foreseeable future. Thompson's shooting was tragic. But it was a rare event. An anomaly. We should mourn for this man. But, with apologies to the security industry, we shouldn't be overreacting.None
The has some great news for 2025: the contribution limit is again set at $7,000. But before you start planning for next year, don’t forget about 2024! If you haven’t maxed out this year’s contribution room, you’ve got another $7,000 to work with right now. And the sooner you invest, the more compounding you get. With TFSA room being limited, it’s important to be strategic. The last thing you want is to take a speculative gamble, suffer a capital loss, and miss out on the opportunity to claim that loss on your taxes—as you could in a non-registered account. That said, it’s fine to take some calculated risks. Here’s one unique exchange-traded fund (ETF) that offers a blend of tax-free high growth and monthly income. The TFSA’s hidden drawback Let’s say you want to take on a little more risk in your TFSA to chase higher returns but without picking individual stocks. The natural thought might be to use leverage—borrowing money to invest more than you have. This is common in non-registered accounts, where you can use a margin loan to amplify your exposure. Here’s how it works: if you have $1,000 in a non-registered account, your broker might let you borrow an additional 25%, giving you control of $1,250. This boosts your potential gains, but it also increases your risk. Unfortunately, you can’t do this in a TFSA. Brokers don’t offer margin loans for TFSAs, so leveraging directly within the account isn’t an option. While you could take out an external loan to fund your TFSA, today’s high interest rates make that a less appealing route for most investors. So, does this mean leveraging is completely off the table in a TFSA? Not at all. There’s an ETF solution designed to give you the benefits of leverage while keeping things simple and accessible—no margin account required. 1.25x exposure to Canadian utility stocks If you think utilities are just about electricity and gas, think again. ( ) takes a more modern approach. HUTS includes not just traditional utility companies but also telecoms and pipelines via the . These stocks are already known for their high dividends. Using 1.25x leverage—borrowing at institutional rates—it delivers an annualized 6.99% yield with monthly payouts. Historically, this strategy has worked out well, as 1.25x the index has outperformed over time.
insightsoftware Receives Top Rating in Dresner Advisory Services' Embedded Business ...Delivers Outperformance Across All First Quarter Guided Metrics Reports 18% YoY ARR Growth and Strong Free Cash Flow SAN JOSE, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (NASDAQ: NTNX ), a leader in hybrid multicloud computing, today announced financial results for its first quarter ended October 31, 2024. “During our first quarter we delivered outperformance across our guided metrics,” said Rajiv Ramaswami, President and CEO of Nutanix. “We also continued to bring innovations to the market supporting our vision of becoming the leading platform for running apps and managing data, anywhere, while strengthening our partner ecosystem.” “Our first quarter results demonstrated a good balance of top and bottom line performance with 18% year-over-year ARR growth and strong free cash flow generation,” said Rukmini Sivaraman, CFO of Nutanix. “We remain focused on delivering sustainable, profitable growth.” First Quarter Fiscal 2025 Financial Summary Reconciliations between GAAP and non-GAAP financial measures and key performance measures, to the extent available, are provided in the tables of this press release. Recent Company Highlights Second Quarter Fiscal 2025 Outlook Fiscal 2025 Outlook Supplementary materials to this press release, including our first quarter fiscal 2025 earnings presentation, can be found at https://ir.nutanix.com/financial/quarterly-results . Webcast and Conference Call Information Nutanix executives will discuss the Company’s first quarter fiscal 2025 financial results on a conference call today at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time. Interested parties may access the conference call by registering at this link to receive dial in details and a unique PIN number. The conference call will also be webcast live on the Nutanix Investor Relations website at ir.nutanix.com . An archived replay of the webcast will be available on the Nutanix Investor Relations website at ir.nutanix.com shortly after the call. Footnotes 1Annual Recurring Revenue, or ARR, for any given period, is defined as the sum of ACV for all subscription contracts in effect as of the end of a specific period. For the purposes of this calculation, we assume that the contract term begins on the date a contract is booked, unless the terms of such contract prevent us from fulfilling our obligations until a later period, and irrespective of the periods in which we would recognize revenue for such contract. Excludes all life-of-device contracts. ACV is defined as the total annualized value of a contract. The total annualized value for a contract is calculated by dividing the total value of the contract by the number of years in the term of such contract. Excludes amounts related to professional services and hardware. 2Average Contract Duration represents the dollar-weighted term, calculated on a billings basis, across all subscription contracts, as well as our limited number of life-of-device contracts, using an assumed term of five years for life-of-device licenses, executed in the period. 3Weighted average share count used in computing diluted non-GAAP net income per share. Non-GAAP Financial Measures and Other Key Performance Measures To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, this press release includes the following non-GAAP financial and other key performance measures: non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, free cash flow, Annual Recurring Revenue (or ARR), and Average Contract Duration. In computing non-GAAP financial measures, we exclude certain items such as stock-based compensation and the related income tax impact, costs associated with our acquisitions (such as amortization of acquired intangible assets, income tax-related impact, and other acquisition-related costs), restructuring charges, litigation settlement accruals and legal fees related to certain litigation matters, the amortization and conversion of the debt discount and issuance costs related to convertible senior notes, interest expense related to convertible senior notes, and other non-recurring transactions and the related tax impact. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, and non-GAAP operating margin are financial measures which we believe provide useful information to investors because they provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures such as stock-based compensation expense that may not be indicative of our ongoing core business operating results. Free cash flow is a performance measure that we believe provides useful information to our management and investors about the amount of cash generated by the business after capital expenditures, and we define free cash flow as net cash provided by (used in) operating activities less purchases of property and equipment. ARR is a performance measure that we believe provides useful information to our management and investors as it allows us to better track the topline growth of our subscription business because it takes into account variability in term lengths. We use these non-GAAP financial and key performance measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. However, these non-GAAP financial and key performance measures have limitations as analytical tools and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, and free cash flow are not substitutes for gross margin, operating expenses, operating income (loss), operating margin, or net cash provided by (used in) operating activities, respectively. There is no GAAP measure that is comparable to ARR or Average Contract Duration, so we have not reconciled the ARR or Average Contract Duration data included in this press release to any GAAP measure. In addition, other companies, including companies in our industry, may calculate non-GAAP financial measures and key performance measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures and key performance measures as tools for comparison. We urge you to review the reconciliation of our non-GAAP financial measures and key performance measures to the most directly comparable GAAP financial measures included below in the tables captioned “Reconciliation of GAAP to Non-GAAP Profit Measures” and “Reconciliation of GAAP Net Cash Provided By Operating Activities to Non-GAAP Free Cash Flow,” and not to rely on any single financial measure to evaluate our business. This press release also includes the following forward-looking non-GAAP financial measures as part of our second quarter fiscal 2025 outlook and/or our fiscal 2025 outlook: non-GAAP operating margin and free cash flow. We are unable to reconcile these forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures without unreasonable efforts, as we are currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact the GAAP financial measures for these periods but would not impact the non-GAAP financial measures. Forward-Looking Statements This press release contains express and implied forward-looking statements, including, but not limited to, statements regarding: our business momentum and prospects; our innovations supporting our vision of becoming the leading platform for running applications and managing data, anywhere; strengthening our partner ecosystem; our focus on delivering sustainable, profitable growth; our second quarter fiscal 2025 outlook; and our fiscal 2025 outlook. These forward-looking statements are not historical facts and instead are based on our current expectations, estimates, opinions, and beliefs. Consequently, you should not rely on these forward-looking statements. The accuracy of these forward-looking statements depends upon future events and involves risks, uncertainties, and other factors, including factors that may be beyond our control, that may cause these statements to be inaccurate and cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by such statements, including, among others: the inherent uncertainty or assumptions and estimates underlying our projections and guidance, which are necessarily speculative in nature; any failure to successfully implement or realize the full benefits of, or unexpected difficulties or delays in successfully implementing or realizing the full benefits of, our business plans, strategies, initiatives, vision, objectives, momentum, prospects and outlook; our ability to achieve, sustain and/or manage future growth effectively; the rapid evolution of the markets in which we compete, including the introduction, or acceleration of adoption of, competing solutions, including public cloud infrastructure; failure to timely and successfully meet our customer needs; delays in or lack of customer or market acceptance of our new solutions, products, services, product features or technology; macroeconomic or geopolitical uncertainty; our ability to attract, recruit, train, retain, and, where applicable, ramp to full productivity, qualified employees and key personnel; factors that could result in the significant fluctuation of our future quarterly operating results (including anticipated changes to our revenue and product mix, the timing and magnitude of orders, shipments and acceptance of our solutions in any given quarter, our ability to attract new and retain existing end-customers, changes in the pricing and availability of certain components of our solutions, and fluctuations in demand and competitive pricing pressures for our solutions); our ability to form new or maintain and strengthen existing strategic alliances and partnerships, as well as our ability to manage any changes thereto; our ability to make share repurchases; and other risks detailed in our Annual Report on Form 10-K for the fiscal year ended July 31, 2024 filed with the U.S. Securities and Exchange Commission, or the SEC, on September 19, 2024. Additional information will be set forth in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024, which should be read in conjunction with this press release and the financial results included herein. Our SEC filings are available on the Investor Relations section of our website at ir.nutanix.com and on the SEC's website at www.sec.gov . These forward-looking statements speak only as of the date of this press release and, except as required by law, we assume no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any of these forward-looking statements to reflect actual results or subsequent events or circumstances. About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix. © 2024 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. Other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. Investor Contact: Richard Valera ir@nutanix.com Media Contact: Lia Bigano pr@nutanix.com _____________ (1) Includes the following stock-based compensation expense: (2) Includes the following amortization of intangible assets: _____________ (1) Included within other assets—non-current in the condensed consolidated balance sheets. Subscription revenue — Subscription revenue includes any performance obligation which has a defined term, and is generated from the sales of software entitlement and support subscriptions, subscription software licenses and cloud-based software-as-a-service, or SaaS, offerings. Professional services revenue — We also sell professional services with our products. We recognize revenue related to professional services as they are performed. Other non-subscription product revenue — Other non-subscription product revenue includes $8.1 million and $1.9 million of non-portable software revenue for the three months ended October 31, 2023 and 2024, respectively, and $0.6 million and $1.1 million of hardware revenue for the three months ended October 31, 2023 and 2024, respectively. _____________ (1) Stock-based compensation expense (2) Amortization of intangible assets (3) Legal fees (4) Other (5) Amortization of debt issuance costs related to convertible senior notes (6) Income tax effect primarily related to stock-based compensation expense (7) Includes 22,273 potentially dilutive shares related to convertible senior notes and the issuance of shares under employee equity incentive plans _____________ (1) Stock-based compensation expense (2) Amortization of intangible assets (3) Legal fees (4) Amortization of debt discount and issuance costs and interest expense related to convertible senior notes (5) Other (6) Income tax effect primarily related to stock-based compensation expense (7) Includes 51,371 potentially dilutive shares related to convertible senior notes and the issuance of shares under employee equity incentive plans
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