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Interest in Bluesky exploded after Donald Trump’s re-election to the White House, especially in Europe where concerns about Elon Musk’s tenure and shift politically rightwards drew a wave of disquiet. As an alternative to Twitter (or ‘X’), Bluesky is growing, although its peak interest currenlty only a fraction of Twitter’s current interest. As an expert explains, Bluesky may not be sufficiently differentiated from Twitter and this similarity is probably going to hinder the micro-blogger’s growth. Politically there are differences, with Bluesky being left-leaning and Twitter a right wing platform is attracting tremendous interest from across the globe, including in the UK and the US where Google searches for the service exploded in mid-November. In terms of ownership, Bluesky is classed as a U.S. public benefit corporation. Marketing expert Toni Marino has considered why users are shifting: “The spike in interest in Bluesky arrived after Donald Trump’s re-election to the White House at the start of November. Harris voters wanted a platform that would allow them to connect with other left-leaning users and escape what they see as a right-wing, Musk-led takeover of Twitter.” Marino continues, considering the two platforms from the U.S. context: “However, we need to put Bluesky’s rise in context. While the platform is growing, it is still small fry compared to Twitter. US searches for the service are around 10 percent of those for Twitter in most states, even during the last election month, meaning Bluesky still has a long way to go if it wants to compete. Twitter has an established user base and an audience who know and love the platform. It is difficult to imagine a usurper replacing it outright because it is so embedded in the culture.” Marino does not mention Europe or the UK, where Blusky has been growing more rapidly. Driven by strong growth from outside of the U.S., Bluesky is growing rapidly and is currently picking up around one million new sign-ups a day. Moving on to how Blusky might grow, Marino sees coming up with something distinctive as the key: “If Bluesky is to compete with Twitter, it will need to differentiate itself somehow. Donald Trump’s Truth Social did this by leaning more into right-wing politics. Bluesky could do the same–providing an outlet for left-wing views.” Bluesky was created in 2019 as a research project within Twitter led by then-CEO Jack Dorsey. It eventually severed ties with Twitter and became an independent company following Musk’s acquisition. This evolution is one reason why the two platforms have a similar design and function. Marino also thinks: “Bluesky could also do what Snapchat did to Instagram by adding new and innovative features. When Snapchat launched Stories, Instagram was forced to respond. You could see something similar playing out here.” In his closing view, Marino considers finance: “If Bluesky is to succeed, it will need to find a way to monetize its content, something Twitter finds a struggle to this day. Options include in-feed ads and perhaps banners, but these are low-revenue and may hamper growth.” Dr. Tim Sandle is Digital Journal's Editor-at-Large for science news.Tim specializes in science, technology, environmental, business, and health journalism. He is additionally a practising microbiologist; and an author. He is also interested in history, politics and current affairs.

A judge twice urged jurors to keep deliberating Wednesday in the trial of a man charged in the killing of a University of Mississippi student who was well-known in the local LGBTQ+ community. Sheldon “Timothy” Herrington Jr. , 24, is charged with capital murder in the death of Jimmie “Jay” Lee , a gay man who disappeared July 8, 2022, in Oxford, where the university is located and the trial is being held. Lee's body has never been found, but a judge declared him dead . Herrington has maintained his innocence, and he did not testify. Jurors deliberated about 3 1/2 hours before sending a note to Circuit Judge Kelly Luther, asking what would happen if they could not reach a verdict. He told them to keep talking to each other. After almost two more hours, they said they were deadlocked 11-1 but did not say whether that was to convict or acquit. Luther sent them back with instructions to keep talking. Prosecutors said during closing arguments Wednesday that Herrington and Lee had a sexual encounter that ended badly and Lee left Herrington's apartment. They said text messages showed that Herrington, who was not openly gay, persuaded Lee to return with the promise of more sex. Prosecutors said Lee was killed after going back. “Tim Herrington lived a lie — lived a lie to his family,” District Attorney Ben Creekmore said. “He lied to Jay Lee to coax him over there, promising to do something with him.” Herrington's attorney, Kevin Horan, has said prosecutors cannot prove Lee is dead without having a body . He told jurors Wednesday that text messages showed Herrington did not lure Lee to his apartment. “He's the one that's being dominant anchoring this particular conversation,” Horan said of Lee. Lee, 20, has not contacted friends or family, and his financial transactions and once-prolific social media posts have stopped since the day he disappeared , investigators testified. Police arrested Herrington two weeks after Lee went missing. Authorities interviewed Herrington twice that day, and he gave conflicting information about the hours before Lee vanished, Oxford Police Chief Jeff McCutchen testified Tuesday. Before officers interviewed Herrington, they had already obtained sexually explicit text messages exchanged between social media accounts belonging to Herrington and Lee during the final hours Lee was known to be alive, McCutchen said. Google records obtained through a warrant showed that Herrington searched “how long does it take to strangle someone” at 5:56 a.m., University Police Department Sgt. Benjamin Douglas testified last week. The final text message from Lee’s phone was sent to a social media account belonging to Herrington at 6:03 a.m. from a spot near Herrington’s apartment, McCutchen said Tuesday. A cellphone tower in another part of Oxford last located any signal from Lee’s phone shortly before 7:30 a.m., the police chief said. A security camera showed Herrington moments later jogging out of a parking lot where Lee’s car was abandoned, investigators testified earlier. On the day Lee vanished, Herrington was also seen on security cameras buying duct tape in Oxford and driving to his hometown of Grenada about an hour south of Oxford, police have testified. Herrington is from an affluent family in Grenada, Mississippi, about 52 miles (84 kilometers) southwest of Oxford, testified Ryan Baker, an Oxford Police Department intelligence officer who was a detective when he helped investigate the case. Herrington’s grandfather is bishop of a church in Grenada, other family members work at the church and Herrington himself taught youth Sunday school classes there, Baker said. Herrington “was not portraying himself as gay” to family or friends, Baker said. During testimony Tuesday, Herrington’s father and grandfather both said Herrington had never spoken about having boyfriends. Both Herrington and Lee had graduated from the University of Mississippi. Lee was pursuing a master’s degree. He was known for his creative expression through fashion and makeup and often performed in drag shows in Oxford, according to a support group called Justice for Jay Lee. Prosecutors have announced they do not intend to pursue the death penalty, meaning Herrington could get a life sentence if convicted. Mississippi law defines capital murder as a killing committed along with another felony — in this case, kidnapping. The judge instructed jurors that they could consider lesser charges, including murder and manslaughter.Neuer gets sent off for 1st time and Bayern Munich exits German Cup early again

NoneAwarded 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.Rs 1,366 crore donations from Jeff Bezos's ex-wife MacKenzie Scott has Elon Musk worried. Here's why