genie drawing easy

genie drawing easy He’s going from being an author to a spy. Oscar-nominated actor Jeffrey Wright can next be seen in the spy thriller “The Agency.” “I liked that it was grounded and going for realism that lent a real humanness to these characters,” Wright, 58, told The Post. “I’ve been a part of the James Bond franchise,” he added, referring to his role as Felix Leiter in the Daniel Craig Bond movies “Casino Royale,” “Quantum of Solace” and “No Time to Die.” “That’s much more fantastical,” he said. “This was much more detailed in its focus on the real world that we are all living in now.” Wright, who has won an Emmy, Tony and Golden Globe, added, “I tend to be a bit of a news junkie; a little bit of a politics junkie. And this world that ‘The Agency’ is set in was right up my alley.” Premiering Nov. 29 (on Paramount+ with Showtime) with its linear on-air debut on Dec. 1 (9 p.m. on Showtime), “The Agency” is based on the French drama “Le Bureau des Legendes.” The plot follows Martian (Michael Fassbender), a CIA agent who is abruptly ordered to abandon his undercover life after several years, and return to London Station, leaving behind a lover Sami (Jodie Turner-Smith) that he struggles to sever ties with. Wright co-stars as Henry, the director of operations who is a mentor to Martian. Richard Gere rounds out the main cast as Bosko, the London Station Chief. Wright is fresh off of his first Best Actor Academy Award nomination for playing an author in 2023’s “American Fiction.” “It very much made me want to get back to work again after the long slog that led up to that night,” Wright recalled, referring to all the press tours leading up to the Oscars. “So, I did. I think about four days after the Oscars ceremony, I went to work on Spike Lee’s next film ...that’s how [getting an Oscar nomination] changed my life, it made me appreciate actually working, as opposed to talking about my work.” Wright, who played Lt. James Gordon in Robert Pattinson’s 2022 “The Batman,” said that he drew inspiration from his mother in order to play Henry in “The Agency.” “I think his intent is to do the best he can within the parameters that he works within. And that’s interesting to me – particularly as we look at the bureaucracy of the United States government or part of it,” he said. Wright grew up in Washington, DC. “My mom was a lawyer for United States Customs for 30-plus years, working on border enforcement. That was her life’s work. She took great pride in it. She took it seriously. She trained herself to do that work. And so, I observed her and her colleagues because I was kind of born inside that culture. “I have much more respect for those people than I do for the politicians who often criticize them – because they’re actually trying to do their best on behalf of the US government, and on behalf of the American people,” the “Westworld” star continued. “And, they take it seriously.” The “Boardwalk Empire” star described Henry as, “a guy who’s up against a lot of pressure, who works in a place of incredibly high stakes, but at the end of the day, is trying to do the best he can, despite the moral complications and the ethical complications of what he does.”Asia In Brief Chinese chip designer Loongson last Friday announced its processors are powering a cloud computing platform that has been launched into space. The silicon slinger announced that its tech was built into a payload called Star Eye that launched on November 15 aboard the Tianzhou-8 cargo mission to the Tiangong Space Station.. Star Eye observes sources of radiation on Earth, captures images for remote sensing missions, and includes what Loongson described (via machine translation) as "storage, computing, and transmission functions" plus "on-orbit data processing, storage, forwarding, power conversion and control, task management, and thermal management." Loongson didn't reveal which of its processors made it into space. It uses a proprietary instruction set architecture that is compatible with MIPS but includes elements of RISC-V, and offers products designed for use on the desktop, in servers and in industrial machinery. The Chinese chippie's wares are modest and are a few years behind rivals like AMD and Intel, but this announcement nonetheless suggests Loongson silicon is ready to be used as a space-based cloud platform. A day after announcing the launch, it published a statement in which it hosed down rumors it has sought new sources of private investment. – Simon Sharwood India's government has reportedy decided to extend its IT hardware import authorization regime until the end of 2025. The scheme – introduced suddenly and seemingly without consultation in late 2023 – meant electronics manufacturers needed approval to ship certain products to India. The regulation was opposed by big manufacturers, leading India to excise desktop PCs from the scheme and quickly sign on off on many approvals . The scheme was originally set to expire in September of this year, but was extended until the end of 2024. "The present scheme has been extended till December 2024. Beyond December also, it is to also continue for one more year for the time being. We will review at the end of that period and somewhere through the calendar year 2025 and figure out what is to be done with the scheme next," Ministry of Electronics and Information Technology (MeitY) secretary S Krishnan told NDTV Profit. South Korea's Fair Trade Commission (FTC) last week issued corrective orders to Chinese e-commerce platforms AliExpress and Temu, alleging that the two use 47 unfair terms and conditions in agreements offered to local shoppers. The FTC found 13 clauses that limited consumer rights, excluded the platforms from liability, and violated local e-commerce laws. It also was unhappy with extensive personal data collection without clear consent or usage duration, and required the platforms to comply with Korea's Personal Information Protection Act. In other Chinese e-commerce news, on Thursday Alibaba Group announced the merger of its domestic and international business into a single unit. "The e-commerce industry in China and around the world is entering a new era, and the global supply chain capabilities, fulfillment capabilities and consumer service capabilities will determine the future competitive landscape," reportedly commented chief executive Eddie Wu in a post on Alibaba's intranet. The European Space Agency (ESA) and Japan Aerospace Exploration Agency (JAXA) signed an agreement to deepen their partnership on space exploration. The two agencies already collaborate on missions – like BepiColombo to travel to Mercury, and EarthCARE to study climate here at home. The new agreement focuses on multiple space initiatives, including ESA's Ramses mission to the asteroid Apophis. The agencies will also collaborate on the Gateway program to create a crewed station in lunar orbit, with contributions from both ESA and JAXA to NASA's Artemis program. ESA and JAXA also outlined joint lunar exploration efforts, such as lunar landers and rovers, and plans for lunar communications through ESA's Moonlight program. Mars exploration is also on the agenda. The partnership extends to space science, including ESA's New Athena X-ray telescope and potential future projects like M-Matisse to study Mars's habitability. Indian news outfit ANI sued OpenAI in a New Delhi court for scraping its content to train ChatGPT without permission. Other organizations that have sued OpenAI include the New York Times and the Chicago Tribune. "We build our AI models using publicly available data, in a manner protected by fair use and related principles, and supported by long-standing and widely accepted legal precedents," the chatbot maker has reportedly argued. Alliances and deals spotted by The Register across the region last week include: ®

Watch Boston Celtics vs. Washington Wizards: NBA Cup free live streamTOKYO (AP) — Troops surround South Korea's parliament overnight when the president declares martial law. He accuses pro-North Korean forces of plotting to overthrow one of the world’s most vibrant democracies. Lawmakers voice outrage and vote to end the declaration, and the president lifts the decree before daybreak. President Yoon Suk Yeol spread fear and confusion through South Korea overnight by issuing his sudden edict late Tuesday, the first martial law declaration since more than four decades ago when the country was controlled by a dictatorship. The declaration, the rushed vote by lawmakers to overturn it and the president's lifting of martial law soon afterward were moments of high drama for an unpopular leader who has struggled with political deadlock in an opposition-dominated parliament and scandals involving him and his wife. While there was no direct evidence presented, Yoon raised the specter of North Korea as a destabilizing force. Yoon has long maintained that a hard line against the North is the only way to stop Pyongyang from following through on its nuclear threats against Seoul. Amid the surreal scenes of troops massing around parliament, here are some things to know as this story unfolds: Immediately after Yoon's declaration the military chief called in key commanders for talks. South Korean troops set up barricades and then made their way into parliament. The leader of the main opposition, which controls parliament, ordered lawmakers to return to the building, where they eventually voted to lift the declaration of martial law. Yoon lifted the martial law decree around 4:30 a.m. during a Cabinet meeting. Yoon's declaration had been accompanied by an accusation that the opposition was engaged in “anti-state activities plotting rebellion.” But he did not explain what that means, and provided no specific evidence. The vague statement is reminiscent of the heavy-handed tactics of the South Korean dictatorships that ended in the late 1980s. A series of strongmen repeatedly invoked North Korea when struggling to control domestic dissidents and political opponents. The opposition lambasted Yoon's move as un-democratic. Opposition leader Lee Jae-myung, who narrowly lost to Yoon in the 2022 presidential election, called Yoon’s announcement “illegal and unconstitutional.” But the sudden declaration was also opposed by the leader of Yoon's own conservative party, Han Dong-hoon, who called the decision “wrong” and vowed to “stop it with the people.” “The people will block the president’s anti-constitutional step. The military must be on the side of the public in any case. Let’s resolutely oppose it,” Kim Dong Yeon, the opposition party governor of Gyeonggi province, which surrounds Seoul, wrote on X. Average South Koreans were in shock. Social media was flooded with messages expressing surprise and worry over Yoon’s announcement. “Martial law? I thought it was deepfake content, but is it really a martial law decree?,” one X user wrote. “I first thought about a war with North Korea when he said he would impose a martial law,” another X user wrote. There were quick claims that the emergency declaration was linked to Yoon’s political struggles. His approval rating has dropped, and he has had little success in getting his policies adopted by a parliament that has been controlled by the opposition since he took over in 2022. Conservatives have said the opposition moves are political revenge for investigations into the opposition leader, who is seen as the favorite for the next presidential election in 2027. Just this month, Yoon denied wrongdoing in an influence-peddling scandal involving him and his wife. The claims have battered his approval ratings and fueled attacks by his rivals. The scandal centers on claims that Yoon and first lady Kim Keon Hee exerted inappropriate influence on the conservative ruling People Power Party to pick a certain candidate to run for a parliamentary by-election in 2022 at the request of Myung Tae-kyun, an election broker and founder of a polling agency who conducted free opinion surveys for Yoon before he became president . Yoon has said he did nothing inappropriate. South Korea became a democracy only in the late 1980s, and military intervention in civilian affairs is still a touchy subject. During the dictatorships that emerged as the country rebuilt from the destruction of the 1950-53 Korean War, leaders occasionally proclaimed martial law that allowed them to station combat soldiers, tanks and armored vehicles on streets or in public places to prevent anti-government demonstrations. Such scenes are unimaginable for many today. The dictator Park Chung-hee, who ruled South Korea for nearly 20 years before he was assassinated by his spy chief in 1979, led several thousand troops into Seoul in the early hours of May 16, 1961, in the country’s first successful coup. During his rule, he occasionally proclaimed martial law to crack down on protests and jail critics. Less than two months after Park Chung-hee’s death, Maj. Gen. Chun Doo-hwan led tanks and troops into Seoul in December 1979 in the country’s second successful coup. The next year, he orchestrated a brutal military crackdown on a pro-democracy uprising in the southern city of Gwangju, killing at least 200 people. In the summer of 1987, massive street protests forced Chun’s government to accept direct presidential elections. His army buddy Roh Tae-woo, who had joined Chun’s 1979 coup, won the election held later in 1987 thanks largely to divided votes among liberal opposition candidates. AP writers Kim Tong-hyung and Hyung-jin Kim contributed to this story.

Michigan aims to cap lost season by beating Ohio State

Awarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Industry Recognition and Accolades Fourth Quarter and FY25 Guidance Q4FY25 Revenue $867M Revenue YoY Growth Rate 9.7 % Non-GAAP Operating Income $135M Non-GAAP Operating Margin 15.6 % FY25 Revenue $3.15B Revenue YoY Growth Rate 11.5 % Non-GAAP Operating Income $540M Non-GAAP Operating Margin 17 % These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release. PURE STORAGE, INC. Condensed Consolidated Balance Sheets (in thousands, unaudited) At the End of Third Quarter of Fiscal 2025 Fiscal 2024 Assets Current assets: Cash and cash equivalents $ 894,569 $ 702,536 Marketable securities 753,960 828,557 Accounts receivable, net of allowance of $956 and $1,060 578,224 662,179 Inventory 41,571 42,663 Deferred commissions, current 86,839 88,712 Prepaid expenses and other current assets 204,485 173,407 Total current assets 2,559,648 2,498,054 Property and equipment, net 431,353 352,604 Operating lease right-of-use-assets 157,574 129,942 Deferred commissions, non-current 210,671 215,620 Intangible assets, net 23,039 33,012 Goodwill 361,427 361,427 Restricted cash 11,249 9,595 Other assets, non-current 99,504 55,506 Total assets $ 3,854,465 $ 3,655,760 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,021 $ 82,757 Accrued compensation and benefits 155,652 250,257 Accrued expenses and other liabilities 141,846 135,755 Operating lease liabilities, current 47,941 44,668 Deferred revenue, current 897,174 852,247 Debt, current 100,000 — Total current liabilities 1,444,634 1,365,684 Long-term debt — 100,000 Operating lease liabilities, non-current 146,390 123,201 Deferred revenue, non-current 784,282 742,275 Other liabilities, non-current 68,573 54,506 Total liabilities 2,443,879 2,385,666 Stockholders' equity: Common stock and additional paid-in capital 2,821,010 2,749,627 Accumulated other comprehensive income (loss) 1,023 (3,782) Accumulated deficit (1,411,447) (1,475,751) Total stockholders' equity 1,410,586 1,270,094 Total liabilities and stockholders' equity $ 3,854,465 $ 3,655,760 PURE STORAGE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Revenue: Product $ 454,735 $ 453,277 $ 1,204,714 $ 1,161,978 Subscription services 376,337 309,561 1,083,608 878,838 Total revenue 831,072 762,838 2,288,322 2,040,816 Cost of revenue: Product (1) 154,970 126,770 385,446 343,588 Subscription services (1) 93,180 83,321 284,168 244,541 Total cost of revenue 248,150 210,091 669,614 588,129 Gross profit 582,922 552,747 1,618,708 1,452,687 Operating expenses: Research and development (1) 200,086 182,100 589,396 549,923 Sales and marketing (1) 255,830 231,707 757,069 696,885 General and administrative (1) 67,319 64,729 213,551 192,944 Restructuring and impairment (2) — — 15,901 16,766 Total operating expenses 523,235 478,536 1,575,917 1,456,518 Income (loss) from operations 59,687 74,211 42,791 (3,831) Other income (expense), net 17,156 5,184 50,684 23,619 Income before provision for income taxes 76,843 79,395 93,475 19,788 Income tax provision 13,204 9,006 29,171 23,915 Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127)

Awarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage PSTG , the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights Revenue $831.1 million , an increase of 9% year-over-year Subscription services revenue $376.4 million , up 22% year-over-year Subscription annual recurring revenue (ARR) $1.6 billion , up 22% year-over-year Remaining performance obligations (RPO) $2.4 billion , up 16% year-over-year GAAP gross margin 70.1%; non-GAAP gross margin 71.9% GAAP operating income $59.7 million ; non-GAAP operating income $167.3 million GAAP operating margin 7.2%; non-GAAP operating margin 20.1% Q3 operating cash flow $97.0 million ; free cash flow $35.2 million Total cash, cash equivalents, and marketable securities $1.6 billion Returned approximately $182 million in the third quarter to stockholders through share repurchases of 3.6 million shares "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Leading the Hyperscale Opportunity: With its industry-first design win with a top-four hyperscaler, Pure Storage is extending its DirectFlash ® technology into massive scale environments today dominated by hard disks. The unmatched capabilities of Pure's DirectFlash ® technology deliver new levels of innovation, performance, and scalability to an industry with demanding requirements, enabling hyperscalers to fully modernize their infrastructure, significantly improve operational efficiency, and dramatically free up scarce electrical power. Pure Storage also deepened its collaboration with Kioxia, a global leader of NAND Flash technology, to develop cutting-edge technology and manufacturing capacity to address the growing need for high-performance, scalable storage infrastructure for tomorrow's hyperscale environments. Advancing Enterprise AI: Pure Storage expanded its ability to serve the world's largest AI training environments with recent certification of FlashBlade//S500 with NVIDIA DGX SuperPOD, which optimizes performance, power, and space efficiency. Pure also entered into a strategic partnership with CoreWeave to better serve AI customers by making Pure Storage available as a standard option within the CoreWeave dedicated cloud environment. With its introduction of the new Pure Storage GenAI Pod, Pure Storage is providing a set of full-stack solutions which reduce the time, cost, and expertise required to deploy generative AI projects. Delivering Platform Innovation: With the Pure Storage platform, Pure is driving the biggest shift in enterprise storage since Flash. Pure Storage will be delivering v2.0 of Pure Fusion TM in its fourth quarter, which will enable customers to create their own enterprise data cloud, opening their data storage environment like the hyperscalers operate theirs. During the quarter Pure Storage unveiled solutions enabling seamless VMware migrations to Microsoft Azure, delivering enterprise-scale flexibility. And the new Pure Storage FlashArray TM with AWS Outposts brings together Amazon Web Services and Pure's enterprise-grade storage on AWS Outposts, giving customers the flexibility to run cloud services on an enterprise-grade storage platform within their own data centers. Industry Recognition and Accolades Leader for Fifth Consecutive Year in the 2024 Gartner ® Magic Quadrant TM for Primary Storage Platforms Leader for Fourth Consecutive Year in the 2024 Gartner ® Magic Quadrant TM for File and Object Storage Platforms Forbes Most Trusted Companies in America 2025 (Ranked #144) Fortune Best Places to Work in Technology 2024 (Ranked #14) Fourth Quarter and FY25 Guidance Q4FY25 Revenue $867M Revenue YoY Growth Rate 9.7 % Non-GAAP Operating Income $135M Non-GAAP Operating Margin 15.6 % FY25 Revenue $3.15B Revenue YoY Growth Rate 11.5 % Non-GAAP Operating Income $540M Non-GAAP Operating Margin 17 % These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage PSTG delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release. PURE STORAGE, INC. Condensed Consolidated Balance Sheets (in thousands, unaudited) At the End of Third Quarter of Fiscal 2025 Fiscal 2024 Assets Current assets: Cash and cash equivalents $ 894,569 $ 702,536 Marketable securities 753,960 828,557 Accounts receivable, net of allowance of $956 and $1,060 578,224 662,179 Inventory 41,571 42,663 Deferred commissions, current 86,839 88,712 Prepaid expenses and other current assets 204,485 173,407 Total current assets 2,559,648 2,498,054 Property and equipment, net 431,353 352,604 Operating lease right-of-use-assets 157,574 129,942 Deferred commissions, non-current 210,671 215,620 Intangible assets, net 23,039 33,012 Goodwill 361,427 361,427 Restricted cash 11,249 9,595 Other assets, non-current 99,504 55,506 Total assets $ 3,854,465 $ 3,655,760 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,021 $ 82,757 Accrued compensation and benefits 155,652 250,257 Accrued expenses and other liabilities 141,846 135,755 Operating lease liabilities, current 47,941 44,668 Deferred revenue, current 897,174 852,247 Debt, current 100,000 — Total current liabilities 1,444,634 1,365,684 Long-term debt — 100,000 Operating lease liabilities, non-current 146,390 123,201 Deferred revenue, non-current 784,282 742,275 Other liabilities, non-current 68,573 54,506 Total liabilities 2,443,879 2,385,666 Stockholders' equity: Common stock and additional paid-in capital 2,821,010 2,749,627 Accumulated other comprehensive income (loss) 1,023 (3,782) Accumulated deficit (1,411,447) (1,475,751) Total stockholders' equity 1,410,586 1,270,094 Total liabilities and stockholders' equity $ 3,854,465 $ 3,655,760 PURE STORAGE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Revenue: Product $ 454,735 $ 453,277 $ 1,204,714 $ 1,161,978 Subscription services 376,337 309,561 1,083,608 878,838 Total revenue 831,072 762,838 2,288,322 2,040,816 Cost of revenue: Product (1) 154,970 126,770 385,446 343,588 Subscription services (1) 93,180 83,321 284,168 244,541 Total cost of revenue 248,150 210,091 669,614 588,129 Gross profit 582,922 552,747 1,618,708 1,452,687 Operating expenses: Research and development (1) 200,086 182,100 589,396 549,923 Sales and marketing (1) 255,830 231,707 757,069 696,885 General and administrative (1) 67,319 64,729 213,551 192,944 Restructuring and impairment (2) — — 15,901 16,766 Total operating expenses 523,235 478,536 1,575,917 1,456,518 Income (loss) from operations 59,687 74,211 42,791 (3,831) Other income (expense), net 17,156 5,184 50,684 23,619 Income before provision for income taxes 76,843 79,395 93,475 19,788 Income tax provision 13,204 9,006 29,171 23,915 Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127) Net income (loss) per share attributable to common stockholders, basic $ 0.19 $ 0.22 $ 0.20 $ (0.01) Net income (loss) per share attributable to common stockholders, diluted $ 0.19 $ 0.21 $ 0.19 $ (0.01) Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic 327,675 314,153 325,530 309,842 Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted 340,564 330,255 341,490 309,842 (1) Includes stock-based compensation expense as follows: Cost of revenue -- product $ 3,216 $ 1,443 $ 9,443 $ 7,056 Cost of revenue -- subscription services 7,800 6,849 24,632 19,347 Research and development 49,227 43,908 150,390 126,225 Sales and marketing 24,393 19,209 72,330 55,883 General and administrative 16,436 16,557 62,161 46,732 Total stock-based compensation expense $ 101,072 $ 87,966 $ 318,956 $ 255,243 (2) Includes expenses for severance and termination benefits related to workforce realignment and lease impairment and abandonment charges associated with cease-use of our former corporate headquarters. PURE STORAGE, INC. Condensed Consolidated Statements of Cash Flows (in thousands, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Cash flows from operating activities Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 29,272 31,647 99,099 91,560 Stock-based compensation expense 101,072 87,966 318,956 255,243 Noncash portion of lease impairment and abandonment — — 3,270 16,766 Other 2,381 (2,815) 5,107 (5,844) Changes in operating assets and liabilities: Accounts receivable, net (161,723) (111,190) 83,998 (23,959) Inventory 5,071 818 (1,590) 5,278 Deferred commissions 669 (9,501) 6,822 (19,061) Prepaid expenses and other assets (40,008) 20,044 (67,014) 19,686 Operating lease right-of-use assets 9,383 7,634 25,911 27,269 Accounts payable 33,755 7,533 20,597 33,844 Accrued compensation and other liabilities 7,781 4,767 (70,951) (52,757) Operating lease liabilities (12,096) (8,324) (30,353) (21,457) Deferred revenue 57,797 59,464 86,934 110,856 Net cash provided by operating activities 96,993 158,432 545,090 433,297 Cash flows from investing activities Purchases of property and equipment (1) (61,788) (45,062) (170,641) (151,591) Purchases of marketable securities and other (43,632) (105,108) (314,083) (351,725) Sales of marketable securities 12,817 3,747 61,241 52,495 Maturities of marketable securities 131,994 109,196 329,978 495,899 Net cash provided by (used in) investing activities 39,391 (37,227) (93,505) 45,078 Cash flows from financing activities Proceeds from exercise of stock options 3,426 3,056 21,194 32,904 Proceeds from issuance of common stock under employee stock purchase plan 26,408 23,870 51,736 45,089 Proceeds from borrowings — 6,890 — 106,890 Principal payments on borrowings and finance lease obligations (1,786) (7,515) (5,721) (584,582) Tax withholding on vesting of equity awards (54,905) (4,755) (141,591) (16,582) Repurchases of common stock (181,999) (22,460) (181,999) (114,341) Net cash used in financing activities (208,856) (914) (256,381) (530,622) Net increase (decrease) in cash, cash equivalents and restricted cash (72,472) 120,291 195,204 (52,247) Cash, cash equivalents and restricted cash, beginning of period 979,807 418,860 712,131 591,398 Cash, cash equivalents and restricted cash, end of period $ 907,335 $ 539,151 $ 907,335 $ 539,151 (1) Includes capitalized internal-use software costs of $6.0 million and $5.1 million for the third quarter of fiscal 2025 and 2024 and $15.8 million and $15.7 million for the first three quarters of fiscal 2025 and 2024. Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures The following table presents non-GAAP gross margins by revenue source before certain items (in thousands except percentages, unaudited): Third Quarter of Fiscal 2025 Third Quarter of Fiscal 2024 GAAP results GAAP gross margin (a) Adjustment Non- GAAP results Non- GAAP gross margin (b) GAAP results GAAP gross margin (a) Adjustment Non- GAAP results Non- GAAP gross margin (b) $ 3,216 (c) $ 1,443 (c) 103 (d) 75 (d) 3,306 (e) 3,306 (e) Gross profit -- product $ 299,765 65.9 % $ 6,625 $ 306,390 67.4 % $ 326,507 72.0 % $ 4,824 $ 331,331 73.1 % $ 7,800 (c) $ 6,849 (c) 368 (d) 329 (d) Gross profit -- subscription services $ 283,157 75.2 % $ 8,168 $ 291,325 77.4 % $ 226,240 73.1 % $ 7,178 $ 233,418 75.4 % $ 11,016 (c) $ 8,292 (c) 471 (d) 404 (d) 3,306 (e) 3,306 (e) Total gross profit $ 582,922 70.1 % $ 14,793 $ 597,715 71.9 % $ 552,747 72.5 % $ 12,002 $ 564,749 74.0 % (a) GAAP gross margin is defined as GAAP gross profit divided by revenue. (b) Non-GAAP gross margin is defined as non-GAAP gross profit divided by revenue. (c) To eliminate stock-based compensation expense. (d) To eliminate payroll tax expense related to stock-based activities. (e) To eliminate amortization expense of acquired intangible assets. The following table presents certain non-GAAP consolidated results before certain items (in thousands, except per share amounts and percentages, unaudited): Third Quarter of Fiscal 2025 Third Quarter of Fiscal 2024 GAAP results GAAP operating margin (a) Adjustment Non- GAAP results Non- GAAP operating margin (b) GAAP results GAAP operating margin (a) Adjustment Non- GAAP results Non- GAAP operating margin (b) $ 101,072 (c) $ 87,966 (c) — 580 (d) 2,991 (e) 2,604 (e) 3,536 (f) 3,718 (f) Operating income $ 59,687 7.2 % $ 107,599 $ 167,286 20.1 % $ 74,211 9.7 % $ 94,868 $ 169,079 22.2 % $ 101,072 (c) $ 87,966 (c) — 580 (d) 2,991 (e) 2,604 (e) 3,536 (f) 3,718 (f) 154 (g) 153 (g) Net income $ 63,639 $ 107,753 $ 171,392 $ 70,389 $ 95,021 $ 165,410 Net income per share -- diluted $ 0.19 $ 0.50 $ 0.21 $ 0.50 Weighted-average shares used in per share calculation -- diluted 340,564 — 340,564 330,255 — 330,255 (a) GAAP operating margin is defined as GAAP operating income divided by revenue. (b) Non-GAAP operating margin is defined as non-GAAP operating income divided by revenue. (c) To eliminate stock-based compensation expense. (d) To eliminate payments to former shareholders of acquired company. (e) To eliminate payroll tax expense related to stock-based activities. (f) To eliminate amortization expense of acquired intangible assets. (g) To eliminate amortization expense of debt issuance costs related to our debt. Reconciliation from net cash provided by operating activities to free cash flow (in thousands except percentages, unaudited): Third Quarter of Fiscal 2025 2024 Net cash provided by operating activities $ 96,993 $ 158,432 Less: purchases of property and equipment (1) (61,788) (45,062) Free cash flow (non-GAAP) $ 35,205 $ 113,370 (1) Includes capitalized internal-use software costs of $6.0 million and $5.1 million for the third quarter of fiscal 2025 and 2024. View original content to download multimedia: https://www.prnewswire.com/news-releases/pure-storage-announces-third-quarter-fiscal-2025-financial-results-302321516.html SOURCE Pure Storage © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.The woman was advised to undergo treatment immediately to prevent further damage to her nails and alleviate her symptoms. She was prescribed topical treatments to help promote nail growth and strengthen the affected nails. Additionally, she was advised to avoid picking off her nail polish in the future and to opt for safe nail removal methods to prevent exacerbating her condition.Is This Tech Giant the Hidden Gem of AI Investments?

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