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AP Trending SummaryBrief at 5:52 p.m. ESTFiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY ), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results Total revenues were $2.160 billion , an increase of 15.8% from the third quarter of fiscal 2024. Subscription revenues were $1.959 billion , an increase of 15.8% from the same period last year. Operating income was $165 million , or 7.6% of revenues, compared to an operating income of $88 million , or 4.7% of revenues, in the same period last year. Non-GAAP operating income for the third quarter was $569 million , or 26.3% of revenues, compared to a non-GAAP operating income of $462 million , or 24.8% of revenues, in the same period last year. 1 Diluted net income per share was $0.72 , compared to diluted net income per share of $0.43 in the third quarter of fiscal 2024. Non-GAAP diluted net income per share was $1.89 , compared to non-GAAP diluted net income per share of $1.56 in the same period last year. 1 12-month subscription revenue backlog was $6.98 billion , up 15.3% from the same period last year. Total subscription revenue backlog was $22.19 billion , increasing 20.3% year-over-year. Operating cash flows were $406 million compared to $451 million in the prior year. Free cash flows were $359 million compared to $391 million in the prior year. 1 Workday repurchased approximately 0.6 million shares of Class A common stock for $157 million as part of its share repurchase programs. Cash, cash equivalents, and marketable securities were $7.16 billion as of October 31, 2024 . Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights Workday unveiled Workday Illuminate , the next generation of Workday AI, at its annual customer conference, Workday Rising. Workday introduced a set of new AI agents and a new Workday Assistant to streamline and simplify common HR and finance processes. Workday added several full suite customers for Workday Financial Management and Workday Human Capital Management (HCM) , including CommonSpirit Health, Fitness and Lifestyle Group in Australia , New Jersey Institute of Technology , and The Department for Science, Innovation and Technology in the UK. Workday appointed Rob Enslin president, chief commercial officer. Workday announced updates to its partner ecosystem, including 12 new Industry Accelerator s ; Workday Wellness ; AI momentum with Workday Ventures ; and a partnership with Compa . Workday closed the acquisition of leading AI-native document intelligence platform, Evisort. Workday was named a Leader in the 2024 Gartner ® Magic QuadrantsTM for Cloud HCM Suites for 1,000+ Employee Enterprises 1 , Cloud ERP for Service-Centric Enterprises 2 , and Financial Planning Software 3 . Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Subscription revenue of $2.025 billion , representing growth of 15% Non-GAAP operating margin of 25.0% 1 Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: Subscription revenue of $7.703 billion , representing growth of 17% Non-GAAP operating margin of 25.5% 1 Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Reconciliations of GAAP to Non-GAAP Data Reconciliations of our GAAP to non-GAAP operating results are included in the following table (in millions, except percentages and per share data). See the section titled "About Non-GAAP Financial Measures" below for further details. Reconciliation of our GAAP cash flows from operating activities to non-GAAP free cash flow is as follows (in millions). See the section titled "About Non-GAAP Financial Measures" below for further details. About Non-GAAP Financial Measures Change in Non-GAAP Financial Measures Effective beginning fiscal 2025, Workday will exclude certain acquisition-related costs, realignment costs, and gains and losses on strategic investments from its non-GAAP results as these items may vary from period to period independent of the operating performance of Workday's business. Prior period amounts have been recast for gains and losses on strategic investments to conform to this presentation. There was no impact to prior period amounts presented in this release for acquisition-related costs or realignment costs since no qualifying costs were incurred in the first three quarters of fiscal 2024. Non-GAAP Financial Measures To provide investors and others with additional information regarding Workday's results, we have disclosed the following non-GAAP financial measures: non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP diluted net income (loss) per share, and free cash flows. Workday has provided a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. Non-GAAP operating income (loss) and non-GAAP operating margin differ from GAAP in that they exclude share-based compensation expenses, employer payroll tax-related items on employee stock transactions, amortization expense for acquisition-related intangible assets, acquisition-related costs, and realignment costs. Non-GAAP diluted net income (loss) per share differs from GAAP in that it excludes share-based compensation expenses, employer payroll tax-related items on employee stock transactions, amortization expense for acquisition-related intangible assets, acquisition-related costs, realignment costs, gains and losses on strategic investments, and income tax effects. Free cash flows differ from GAAP cash flows from operating activities in that it treats capital expenditures as a reduction to cash flows. Workday's management uses these non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate Workday's financial performance. Management believes these non-GAAP financial measures reflect Workday's ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in Workday's business. Management also believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Workday's operating results and prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies. Management believes excluding the following items from the GAAP Condensed Consolidated Statements of Operations is useful to investors and others in assessing Workday's operating performance due to the following factors: Share-based compensation expenses. Share-based compensation primarily consists of non-cash expenses for employee restricted stock units and our employee stock purchase plan, and includes share-based compensation associated with acquisitions. Although share-based compensation is an important aspect of the compensation of our employees and executives, this expense is determined using a number of factors, including our stock price, volatility, and forfeiture rates, that are beyond our control and generally unrelated to operational decisions and performance in any particular period. Further, share-based compensation expenses are not reflective of the value ultimately received by the grant recipients. Employer payroll tax-related items on employee stock transactions . We exclude the employer payroll tax-related items on employee stock transactions in order to show the full effect that excluding share-based compensation expenses has on our operating results. Similar to share-based compensation expenses, this tax expense is dependent on our stock price and other factors that are beyond our control and do not correlate to the operation of our business. Amortization of acquisition-related intangible assets . For business combinations, we generally allocate a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by management and is subject to amortization. The amount of purchase price allocated to intangible assets and the term of the related amortization can vary significantly and are unique to each acquisition and thus we do not believe this activity is reflective of our ongoing operations. Although we exclude the amortization of acquisition-related intangible assets from these non-GAAP financial measures, we believe that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Acquisition-related costs. Acquisition-related costs include direct transaction costs, such as due diligence and advisory fees, and certain compensation and integration-related expenses. We exclude the effects of acquisition-related costs as we believe these transaction-specific expenses are inconsistent in amount and frequency and do not correlate to the operation of our business. Realignment costs. Realignment costs are associated with a formal restructuring plan and are primarily related to employee severance, the closure of facilities, and cancellation of certain contracts. We exclude these expenses because they are not reflective of ongoing business and operating results. Gains and losses on strategic investments. Our strategic investments include investments in early stage companies that are valuable to Workday customers and complementary to Workday products. Gains and losses on strategic investments may result from observable price adjustments and impairment charges on non-marketable equity securities, ongoing mark-to-market adjustments on marketable equity securities, and the sale of equity investments. We do not rely on these securities to fund our ongoing operations nor do we actively trade publicly held securities, and therefore we do not consider the gains and losses on these strategic investments to be reflective of our ongoing operations. Income tax effects. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. In projecting this long-term non-GAAP tax rate, we utilize a three-year financial projection that excludes the direct impact of the items excluded from GAAP income in calculating our non-GAAP income. The projected rate considers other factors such as our current operating structure, existing tax positions in various jurisdictions, and key legislation in major jurisdictions where we operate. For fiscal 2025 and 2024, we determined the projected non-GAAP tax rate to be 19%, which reflects currently available information, as well as other factors and assumptions. We will periodically re-evaluate this tax rate, as necessary, for significant events, relevant tax law changes, material changes in the forecasted geographic earnings mix, and any significant acquisitions. Additionally, with regards to free cash flows, Workday's management believes that reducing cash provided by (used in) operating activities by capital expenditures is meaningful to investors and others because it provides an enhanced view of cash flow generation from the ongoing operations of our business, and it balances operating results, cash management, and capital efficiency. The use of these non-GAAP measures have certain limitations as they do not reflect all items of expense or cash that affect Workday's operations. Workday compensates for these limitations by reconciling the non-GAAP financial measures to the most comparable GAAP financial measures. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, measures prepared in accordance with GAAP. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore comparability may be limited. Management encourages investors and others to review Workday's financial information in its entirety and not rely on a single financial measure. Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. The Gartner content described herein (the "Gartner Content") represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this Earnings Press Release), and the opinions expressed in the Gartner Content are subject to change without notice. GARTNER is a registered trademark and service mark, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. SOURCE Workday Inc.

KBC 16: ADGP Vishwas Nangre Patil shares haunting memory of 26/11; says he still struggles to sleep after witnessing the bodies of a mother shielding her 3-Year-Old in a bath tubWhy Gap (GAP) Stock Is Trading Up TodayJ.K. Dobbins' knee injury could be tough news for the Chargers offense

BJP nominee Sharma files RS bypoll papersA controversial Sarnia councillor is under fire for a vulgar exchange during a city budget meeting on Tuesday. Coun. Bill Dennis launched personal attacks against the mayor and some city staffers, resulting in his expulsion. It began with Dennis questioning consulting fees, but diverted quickly into the use of profanity and insults, including the F-word. Dennis, who has frequently sparred with other members of the Sarnia Council and staff, is currently suing the CAO. In an interview late Tuesday with CTV News London, Dennis stated he can “get a little testy” at times, but he stands by his statements. He said his actions are on behalf of his constituents who are tired of, “weak leadership,” and Sarnia falling economically behind London and St. Thomas. A screenshot of a Sarnia council meeting on Nov. 26, 2024, that resulted in Coun. Bill Dennis being expelled. (Source: YourTV Sarnia/YouTube) Dennis said Mayor Mike Bradley should anticipate the same after decades in the mayor’s chair. “I’m a guy, I’m a man. That kind of stuff doesn’t hurt my feelings. If that kind of stuff hurts his feelings, so be it,” Dennis stated. While he was unapologetic towards the mayor and others in the online budget meeting, Dennis did offer an apology to the people of Sarnia for his choice of words. “I would apologize to the citizens of Sarnia. They deserve better than that. But, to be honest with you, I refuse to be taken advantage of by people who play games,” he said. Dennis, who intends to run for mayor in the next municipal election, calls himself an “intense and emotional person.” But Bradley said his words were “foul” “obscene” and “unacceptable.” He told CTV News London, “I was extremely disappointed more in sorrow than anger. That's one individual who would be so disruptive and this has been going on and on and on. And the language used today attacking people was just not acceptable in any venue.” Bradley said this is the first time in his 36 years as mayor of Sarnia that he has expelled a council member from a meeting. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. 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Biden says Israel-Hezbollah ceasefire will take effect Wednesday morning A ceasefire between Israel and Lebanon's Hezbollah will take effect on Wednesday after both sides accepted an agreement brokered by the United States and France, U.S. President Joe Biden said on Tuesday. As Trump vows major tariff hike, a look at what the U.S. imports from Canada Some Canadian products could face huge tariffs on the first day of Donald Trump's administration in January. Here’s a quick look at what the U.S. imports from Canada. Longtime member of Edmonton theatre community dies during 'A Christmas Carol' performance Edmonton's theatre community is in mourning after an actor died during a performance of "A Christmas Carol" at the Citadel Theatre on Sunday. 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Steinbach man charged with child luring: RCMP A 20-year-old man from Steinbach has been charged with child luring, and RCMP have released one of his social media handles to help identify more victims. Calgary TSB orders more training following incident involving plane in Calgary The Transportation Safety Board says an incident that involved a Westjet plane hitting the runway in Calgary earlier this year was connected to an issue with pilot training on a particular model of aircraft. 'We are a weak link': Canada's border security under the microscope following Trump tariff threat Canada’s border security has been thrust into the spotlight after president-elect Donald Trump threatened the country with a 25 per cent tariff on all goods, including energy coming into the U.S. LIVE | Alberta to announce actions against Ottawa's proposed emissions cap The Alberta government is hitting back at the proposed federal emissions cap Tuesday afternoon. Edmonton LIVE | Alberta to announce actions against Ottawa's proposed emissions cap The Alberta government is hitting back at the proposed federal emissions cap Tuesday afternoon. Alberta Premier Danielle Smith says Trump's border concerns are valid as tariffs loom Alberta Premier Danielle Smith says Donald Trump’s concerns about the border are valid, as the president-elect threatens sweeping tariffs on Canadian goods. Edmonton police officer charged with assault An Edmonton police officer has been charged with assault. Regina Charged dropped against ex Regina high school teacher accused of sexual exploitation of student A former Regina high school teacher accused of having a sexual relationship with a 15-year-old female student was acquitted on Tuesday of all five charges he faced, Regina’s Court of King’s Bench confirmed to CTV News. SJHL game postponed in Weyburn over ammonia leak A hockey game scheduled between the Yorkton Terriers and Weyburn Red Wings has been postponed due to a "mechanical issue." Defence-called expert says Regina chiropractor accused of sexual assault followed industry standards An expert called by Ruben Manz’s defence counsel testified the Regina-based chiropractor, who is facing several sexual assault charges, followed the industry standard of care when treating the complainants. Saskatoon Saskatoon man hospitalized after he was allegedly stabbed in the forehead A man has been taken to hospital after he was allegedly stabbed in the forehead early on Tuesday. City to begin removing snow piled up across city Now that most major streets have been cleared of snow throughout Saskatoon, city crews will begin removing the snow. City of Saskatoon spent $300,000 on Bus Rapid Transit rebrand The Canadian Taxpayer’s Federation is criticizing the City of Saskatoon for spending more than $300,000 to brand the city’s bus rapid transit system as Link. Vancouver B.C. court levies $4K fine, year-long ban for illegal fishing A British Columbia man was handed a $4,000 fine and a one-year fishing ban after he was caught using a gillnet to catch salmon outside of the legal fishing season. Man who stabbed stranger at Vancouver Tim Hortons released to halfway house: police Vancouver police are warning the public that a man convicted in the random stabbing of a stranger at a downtown Tim Hortons in 2022 will once again be living at a halfway house in the city. B.C. teen with avian flu remains in critical care, no other cases identified The teenager who is infected with the first human case of H5N1 avian influenza acquired in Canada remains in critical care at BC Children’s Hospital, officials said Tuesday. Vancouver Island B.C. court levies $4K fine, year-long ban for illegal fishing A British Columbia man was handed a $4,000 fine and a one-year fishing ban after he was caught using a gillnet to catch salmon outside of the legal fishing season. Man who stabbed stranger at Vancouver Tim Hortons released to halfway house: police Vancouver police are warning the public that a man convicted in the random stabbing of a stranger at a downtown Tim Hortons in 2022 will once again be living at a halfway house in the city. B.C. premier says Canada will negotiate from 'position of strength' on US tariff British Columbia Premier David Eby said Canada had to approach Donald Trump's plan to impose a 25 per cent U.S. tariff on Canadian goods from a position of strength, as business, trade and community organizations called for quick action on the trade threat. Stay ConnectedIf you’ve been considering stepping into the world of premium smartphones but feel daunted by the plethora of options available, the OnePlus 12 could be your ultimate solution. Launched early this year, this flagship device boasts advanced technology and it’s available at an incredible price this Black Friday. With a great 30% discount on Amazon, it drops to $643 down from its original price of $899—a savings of nearly $250 . This makes it even more affordable than its 256GB model! See at Amazon The OnePlus 12 competes fiercely with top-tier models like the iPhone 16 and Galaxy S24 , and it’s a serious contender in the high-end smartphone market. At the heart of this device lies the powerful Snapdragon 8 Gen 3 processor by Qualcomm which ensures lightning-fast performance whether you’re gaming, streaming or multitasking on your phone. The OnePlus 12 features a fabulous 6.82-inch AMOLED display that delivers stunning colors and sharp details. With a 120Hz refresh rate, scrolling through content feels incredibly smooth and fluid. This display also supports HDR10+ for an immersive viewing experience in bright sunlight or dimly lit environments. The design is sleek and modern, available in elegant colors such as Silky Black and Flowy Emerald (out of stock). Hasselblad Photography enthusiasts will appreciate the advanced camera system on the OnePlus 12. It features a triple-lens setup developed in collaboration with Hasselblad which is very famous for its high-quality imaging technology. The main camera boasts a 50MP sensor and is complemented by a 64MP telephoto lens and a 48MP ultra-wide lens. Additionally, the front-facing 32MP camera ensures that selfies are equally impressive. With a robust 5400 mAh battery, you’ll enjoy extended usage without frequent recharging. When it’s time to power up, the device supports rapid charging at 80W which allows you to go from zero to full charge in just about half an hour. For those who prefer wireless charging, it also supports 50W wireless charging Running on Android 14, the OnePlus 12 uses OxygenOS widely regarded as one of the best Android skins available today . This interface provides a clean and bloatware-free experience that improves usability while offering customization options to tailor your smartphone to your liking. The combination of powerful hardware and intuitive software makes navigating through apps and settings effortless, you will love it. One last thing: You can return all items purchased on Amazon until January 31, 2025, instead of the usual 30-day window. This is really convenient for holiday gifts! Make sure you grab your OnePlus 12 before it runs out of stock. See at AmazonPay first, deliver later: Some women are being asked to prepay for their baby

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So far, Michigan’s growing list of players to enter the NCAA transfer portal have been on the offensive side of the ball or special teams. That ended Monday morning, when junior linebacker Micah Pollard submitted his name into the portal for a planned departure. Pollard has yet to acknowledge the departure publicly, but a team spokesman confirmed the move Monday to The Ann Arbor News/ MLive. The 6-foot-2, 234-pound Pollard will have two years of college eligibility remaining. A former three-star recruit, Pollard made an immediate impact as a true freshman. He appeared in 12 games in 2022, primarily on special teams, and played in all 15 of Michigan’s games in 2023 en route to a national championship. Pollard departs Ann Arbor with 15 total tackles to his name. The Jacksonville, Fla., native only appeared in two games this season, on special teams against Fresno State and Texas. Pollard is the 10th Michigan player to enter the NCAA transfer portal, or declare plans to, since the Wolverines’ regular-season concluded on Nov. 30. He is the first on defense.Tom Brady aims dig at Bill Belichick amid Fox Sports 'bullying' clip

Xavier tries to get right vs. Morgan State before rivalry clashFor Bluesky, Massive User Uptick Brings Growing Pains and Divisive Bots

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