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Results Summary 1 SUNNYVALE, Calif. , Dec. 4, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today reported results for its fourth quarter and fiscal year 2024. Revenue for the fourth quarter of fiscal year 2024 was $1.636 billion , compared to $1.467 billion for the fourth quarter of fiscal year 2023. Revenue for fiscal year 2024 was $6.127 billion , an increase of approximately 15% from $5.318 billion in fiscal year 2023. "The fourth quarter was a strong finish to a transformational year for Synopsys. We achieved record financial results while doubling down on our strategy with the sale of our Software Integrity business and the pending acquisition of Ansys," said Sassine Ghazi , president and CEO of Synopsys. "Looking ahead, the AI-driven reinvention of compute is accelerating the pace, scale and complexity of technology R&D, which expands our opportunity to solve engineering challenges from silicon to systems." "Continued strong execution drove excellent Q4 results, which exceeded the midpoint of our guidance targets and capped a year of 15% revenue growth for the company," said Shelagh Glaser , CFO of Synopsys. "The combination of our execution focus, operating discipline, and the critical nature of our industry-leading technology positions us well for the future. In 2025, we expect to deliver double-digit revenue growth grounded in pragmatism given continued macro uncertainties and the impact of our fiscal year calendar change." Synopsys' previously announced acquisition of Ansys is expected to close in the first half of 2025, subject to the receipt of required regulatory approvals and other customary closing conditions. This week marked the expiration of the Hart-Scott-Rodino (HSR) Act waiting period, and Synopsys is working cooperatively with Federal Trade Commission (FTC) staff to conclude the investigation and the staff's review of Synopsys' proposed remedies. _______________________________________________ 1 On September 30, 2024, Synopsys completed the sale of its Software Integrity business. Synopsys' Software Integrity business has been presented as a discontinued operation in the consolidated financial statements for all periods presented herein and all financial results and targets are presented herein on a continuing operations basis unless otherwise noted. Continuing Operations On September 30, 2024 , Synopsys completed the sale of its Software Integrity business. Unless otherwise noted, Synopsys' Software Integrity business has been presented as a discontinued operation in the Synopsys' consolidated financial statements for all periods presented herein and all financial results and targets are presented herein on a continuing operations basis. GAAP Results On a U.S. generally accepted accounting principles (GAAP) basis, net income for the fourth quarter of fiscal year 2024 was $279.3 million , or $1.79 per diluted share, compared to $346.1 million , or $2.23 per diluted share, for the fourth quarter of fiscal year 2023. GAAP net income for fiscal year 2024 was $1.442 billion , or $9.25 per diluted share, compared to $1.227 billion , or $7.91 per diluted share, for fiscal year 2023. Non-GAAP Results On a non-GAAP basis, net income for the fourth quarter of fiscal year 2024 was $529.9 million , or $3.40 per diluted share, compared to non-GAAP net income of $464.1 million , or $3.00 per diluted share, for the fourth quarter of fiscal year 2023. Non-GAAP net income for fiscal year 2024 was $2.058 billion , or $13.20 per diluted share, compared to non-GAAP net income of $1.636 billion , or $10.54 per diluted share, for fiscal year 2023. For a reconciliation of net income, earnings per diluted share and other measures on a GAAP and non-GAAP basis, see "GAAP to Non-GAAP Reconciliation" in the accompanying tables below. Business Segments Synopsys reports revenue and operating income in two segments: (1) Design Automation, which includes our advanced silicon design, verification products and services, system integration products and services, digital, custom and field programmable gate array IC design software, verification software and hardware products, manufacturing software products and other and (2) Design IP, which includes our interface, foundation, security, and embedded processor IP, IP subsystems, and IP implementation services. Financial Targets Synopsys also provided its consolidated financial targets for the first quarter and full fiscal year 2025. These targets reflect a change in Synopsys' fiscal year from a 52/53-week period ending on the Saturday nearest to October 31 of each year to October 31 of each year. As a result of this change, there will be ten fewer days in the first half of fiscal year 2025 and two extra days in the second half of fiscal year 2025, which results in eight fewer days in the aggregate in Synopsys' fiscal year 2025 as compared to its fiscal year 2024. These targets also assume no further changes to export control restrictions or the current U.S. government "Entity List" restrictions. These targets constitute forward-looking statements and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below. First Quarter and Full Fiscal Year 2025 Financial Targets (1) (in millions except per share amounts) Range for Three Months Ending Range for Fiscal Year Ending January 31, 2025 October 31, 2025 Low High Low High Revenue $ 1,435 $ 1,465 $ 6,745 $ 6,805 GAAP Expenses $ 1,142 $ 1,162 $ 4,926 $ 4,983 Non-GAAP Expenses $ 945 $ 955 $ 4,045 $ 4,085 Non-GAAP Interest and Other Income (Expense), net $ 20 $ 22 $ 94 $ 98 Non-GAAP Tax Rate 16 % 16 % 16 % 16 % Outstanding Shares (fully diluted) 156 158 157 159 GAAP EPS $ 1.81 $ 1.95 $ 10.42 $ 10.63 Non-GAAP EPS $ 2.77 $ 2.82 $ 14.88 $ 14.96 Operating Cash Flow ~ $1,800 Free Cash Flow (2) ~ $1,600 Capital Expenditures ~ $170 (1) Synopsys' first quarter of fiscal year 2025 will end on January 31, 2025 and its fiscal year 2025 will end on October 31, 2025. (2) Free cash flow is calculated as cash provided from operating activities less capital expenditures. For a reconciliation of Synopsys' first quarter and fiscal year 2025 targets, including expenses, earnings per diluted share and other measures on a GAAP and non-GAAP basis and a discussion of the financial targets that we are not able to reconcile without unreasonable efforts, see "GAAP to Non-GAAP Reconciliation" in the accompanying tables below. Earnings Call Open to Investors Synopsys will hold a conference call for financial analysts and investors today at 2:00 p.m. Pacific Time. A live webcast of the call will be available on Synopsys' corporate website at investor.synopsys.com . Synopsys uses its website as a tool to disclose important information about Synopsys and comply with its disclosure obligations under Regulation Fair Disclosure. A webcast replay will also be available on the corporate website from approximately 5:30 p.m. Pacific Time today through the time Synopsys announces its results for the first quarter of fiscal year 2025 in February 2025. Effectiveness of Information The targets included in this press release, the statements made during the earnings conference call, the information contained in the financial supplement and the corporate overview presentation, each of which are available on Synopsys' corporate website at www.synopsys.com (collectively, the " Earnings Materials "), represent Synopsys' expectations and beliefs as of December 4, 2024 . Although these Earnings Materials will remain available on Synopsys' website through the date of the earnings call for the first quarter of fiscal year 2025, their continued availability through such date does not mean that Synopsys is reaffirming or confirming their continued validity. Synopsys undertakes no duty and does not intend to update any forward-looking statement, whether as a result of new information or future events, or otherwise update, the targets given in this press release unless required by law. Availability of Final Financial Statements Synopsys will include final financial statements for the fiscal year 2024 in its annual report on Form 10-K to be filed on or before January 2, 2025 . About Synopsys Catalyzing the era of pervasive intelligence, Synopsys, Inc. (Nasdaq: SNPS) delivers trusted and comprehensive silicon to systems design solutions, from electronic design automation to silicon IP and system verification and validation. We partner closely with semiconductor and systems customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com . Reconciliation of Fourth Quarter and Fiscal Year 2024 Results The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP net income, earnings per diluted share, and tax rate for the periods indicated below. GAAP to Non-GAAP Reconciliation of Fourth Quarter and Fiscal Year 2024 Results (1) (unaudited and in thousands, except per share amounts) Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 GAAP net income from continuing operations attributed to Synopsys $ 279,281 $ 346,051 $ 1,441,710 $ 1,227,045 Adjustments: Amortization of acquired intangible assets 54,258 14,886 104,220 50,477 Stock-based compensation 165,116 128,286 656,632 511,730 Acquisition/divestiture related items 62,428 4,016 172,638 13,831 Restructuring charges — (1,348) — 53,091 Gain on sale of strategic investments — — (55,077) — Tax settlement — — — (23,752) Tax adjustments (31,158) (27,753) (262,322) (196,471) Non-GAAP net income from continuing operations attributed to Synopsys $ 529,925 $ 464,138 $ 2,057,801 $ 1,635,951 Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 GAAP net income from continuing operations per diluted share attributed to Synopsys $ 1.79 $ 2.23 $ 9.25 $ 7.91 Adjustments: Amortization of acquired intangible assets 0.35 0.10 0.67 0.33 Stock-based compensation 1.06 0.83 4.21 3.30 Acquisition/divestiture related items 0.40 0.03 1.11 0.09 Restructuring charges — (0.01) — 0.34 Gain on sale of strategic investments — — (0.35) — Tax settlement — — — (0.15) Tax adjustments (0.20) (0.18) (1.69) (1.28) Non-GAAP net income from continuing operations per diluted share attributed to Synopsys $ 3.40 $ 3.00 $ 13.20 $ 10.54 Shares used in computing net income per diluted share amounts: 155,991 154,845 155,944 155,195 (1) Synopsys' fourth quarter of fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. GAAP to Non-GAAP Tax Rate Reconciliation (1)(2) (unaudited) Twelve Months Ended October 31, 2024 GAAP effective tax rate 6.6 % Stock-based compensation 2.9 % Income tax adjustments (3) 5.5 % Non-GAAP effective tax rate 15.0 % (1) Synopsys' fiscal year 2024 ended on November 2, 2024. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. (2) Presented on a continuing operations basis. (3) The adjustments are primarily related to the differences in the tax rate effect of certain deductions, such as the deduction for foreign-derived intangible income and credits. GAAP to Non-GAAP Reconciliation of 2025 Targets The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below. GAAP to Non-GAAP Reconciliation of First Quarter Fiscal Year 2025 Targets (in thousands, except per share amounts) Range for Three Months Ending January 31, 2025 Low High Target GAAP expenses $ 1,142,000 $ 1,162,000 Adjustments: Amortization of acquired intangible assets (12,000) (15,000) Stock-based compensation (185,000) (192,000) Target non-GAAP expenses $ 945,000 $ 955,000 Range for Three Months Ending January 31, 2025 Low High Target GAAP earnings per diluted share attributed to Synopsys $ 1.81 $ 1.95 Adjustments: Amortization of acquired intangible assets 0.10 0.08 Stock-based compensation 1.22 1.18 Acquisition/divestiture related items (1) 0.08 0.06 Tax adjustments (0.44) (0.45) Target non-GAAP earnings per diluted share attributed to Synopsys $ 2.77 $ 2.82 Shares used in non-GAAP calculation (midpoint of target range) 157,000 157,000 GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2025 Targets (in thousands, except per share amounts) Range for Fiscal Year Ending October 31, 2025 Low High Target GAAP expenses $ 4,926,000 $ 4,983,000 Adjustments: Amortization of acquired intangible assets (46,000) (51,000) Stock-based compensation (835,000) (847,000) Target non-GAAP expenses $ 4,045,000 $ 4,085,000 Range for Fiscal Year Ending October 31, 2025 Low High Target GAAP earnings per diluted share attributed to Synopsys $ 10.42 $ 10.63 Adjustments: Amortization of acquired intangible assets 0.32 0.29 Stock-based compensation 5.36 5.28 Acquisition/divestiture related items (1) 0.29 0.26 Tax adjustments (1.51) (1.50) Target non-GAAP earnings per diluted share attributed to Synopsys $ 14.88 $ 14.96 Shares used in non-GAAP calculation (midpoint of target range) 158,000 158,000 (1) Adjustments reflect certain contractually obligated financing fees and related amortization expenses, and do not fully reflect all potential adjustments for future periods for the reasons set forth in "GAAP to Non-GAAP Reconciliation" below. Forward-Looking Statements This press release and the investor conference call contain forward-looking statements, including, but not limited to, statements regarding short-term and long-term financial targets, expectations and objectives including, among others, our long-term financial objectives, which include the anticipated effects of our pending acquisition of ANSYS, Inc. (the Ansys Merger); business and market outlook, opportunities, strategies and technological trends, such as artificial intelligence; planned acquisitions and their expected impact, including the Ansys Merger; the potential impact of the uncertain macroeconomic and geopolitical environment on our financial results; the expected impact of U.S. and foreign government trade restrictions and regulatory changes, including export control restrictions and tariffs on our financial results; customer license renewals and the expected realization and timing of our contracted but unsatisfied or partially unsatisfied performance obligations (backlog); planned dispositions and their expected impact; customer demand and market expansion for our products and our customers' products; our ability to successfully compete in the markets we serve; our planned product releases and capabilities; industry growth rates; software trends; planned stock repurchases; our expected tax rate; and the impact and result of pending legal, regulatory, administrative and tax proceedings. These statements involve risks, uncertainties and other factors that could cause our actual results, time frames or achievements to differ materially from those expressed or implied in such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: macroeconomic conditions and geopolitical uncertainty in the global economy; uncertainty in the growth of the semiconductor and electronics industries; the highly competitive industry we operate in; actions by the U.S. or foreign governments, such as the imposition of additional export restrictions or tariffs; consolidation among our customers and our dependence on a relatively small number of large customers; risks and compliance obligations relating to the global nature of our operations; failure to complete the Ansys Merger on the terms described in our filings with the SEC, if at all; failure to obtain required governmental approvals related to the Ansys Merger or the imposition of conditions to such governmental approvals that may have an adverse effect on us; failure to realize the benefits expected from the Ansys Merger; and more. Additional information on potential risks, uncertainties and other factors that could affect Synopsys' results is included in filings we make with the SEC from time to time, including in the sections entitled "Risk Factors" in our latest Annual Report on Form 10-K and in our latest Quarterly Report on Form 10-Q. The financial information contained in this press release should be read in conjunction with the consolidated financial statements and notes thereto included in Synopsys' most recent reports on Forms 10-K and 10-Q, each as may be amended from time to time. Synopsys' financial results for its fourth quarter and fiscal year 2024 are not necessarily indicative of Synopsys' operating results for any future periods. The information provided herein is as of December 4, 2024 . Synopsys undertakes no duty to, and does not intend to, update any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law. SYNOPSYS, INC. Unaudited Consolidated Statements of Income (1) (in thousands, except per share amounts) Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 Revenue: Time-based products $ 834,375 $ 780,725 $ 3,224,299 $ 3,016,256 Upfront products 520,939 441,494 1,802,222 1,400,125 Total products revenue 1,355,314 1,222,219 5,026,521 4,416,381 Maintenance and service 280,672 245,164 1,100,915 901,633 Total revenue 1,635,986 1,467,383 6,127,436 5,318,014 Cost of revenue: Products 216,485 197,540 770,238 697,686 Maintenance and service 91,707 76,043 367,055 287,876 Amortization of acquired intangible assets 66,831 12,598 107,996 45,281 Total cost of revenue 375,023 286,181 1,245,289 1,030,843 Gross margin 1,260,963 1,181,202 4,882,147 4,287,171 Operating expenses: Research and development 554,818 465,815 2,082,360 1,849,935 Sales and marketing 219,225 186,953 859,342 724,934 General and administrative 172,032 102,271 568,496 376,677 Amortization of acquired intangible assets 4,086 3,346 16,238 9,295 Restructuring charges — (1,348) — 53,091 Total operating expenses 950,161 757,037 3,526,436 3,013,932 Operating income 310,802 424,165 1,355,711 1,273,239 Interest and other income (expense), net 12,077 (20,400) 158,147 32,231 Income before income taxes 322,879 403,765 1,513,858 1,305,470 Provision (benefit) for income taxes 62,084 60,409 99,718 90,188 Net income from continuing operations 260,795 343,356 1,414,140 1,215,282 Income from discontinued operations, net of income taxes 834,825 3,139 821,670 2,843 Net income 1,095,620 346,495 2,235,810 1,218,125 Less: Net income (loss) attributed to non-controlling interest and redeemable non-controlling interest (18,486) (2,695) (27,570) (11,763) Net income attributed to Synopsys $ 1,114,106 $ 349,190 $ 2,263,380 $ 1,229,888 Net income attributed to Synopsys Continuing operations $ 279,281 $ 346,051 $ 1,441,710 $ 1,227,045 Discontinued operations 834,825 3,139 821,670 2,843 Net income $ 1,114,106 $ 349,190 $ 2,263,380 $ 1,229,888 Net income per share attributed to Synopsys - basic: Continuing operations $ 1.81 $ 2.28 $ 9.41 $ 8.06 Discontinued operations 5.43 0.02 5.37 0.02 Basic net income per share $ 7.24 $ 2.30 $ 14.78 $ 8.08 Net income per share attributed to Synopsys - diluted: Continuing operations $ 1.79 $ 2.23 $ 9.25 $ 7.91 Discontinued operations 5.35 0.03 5.26 0.01 Diluted net income per share $ 7.14 $ 2.26 $ 14.51 $ 7.92 Shares used in computing per share amounts: Basic 153,916 151,972 153,138 152,146 Diluted 155,991 154,845 155,944 155,195 (1) Synopsys' fourth quarter of fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. SYNOPSYS, INC. Unaudited Consolidated Balance Sheets (1) (in thousands, except par value amounts) October 31, 2024 October 31, 2023 ASSETS: Current assets: Cash and cash equivalents $ 3,896,532 $ 1,433,966 Short-term investments 153,869 151,639 Total cash, cash equivalents and short-term investments 4,050,401 1,585,605 Accounts receivable, net 934,470 856,660 Inventories 361,849 325,590 Prepaid and other current assets 1,122,946 548,115 Current assets of discontinued operations — 114,654 Total current assets 6,469,666 3,430,624 Property and equipment, net 563,006 549,837 Operating lease right-of-use assets, net 565,917 559,923 Goodwill 3,448,850 3,346,065 Intangible assets, net 195,164 239,577 Deferred income taxes 1,247,258 853,526 Other long-term assets 583,700 444,820 Long-term assets of discontinued operations — 908,759 Total assets $ 13,073,561 $ 10,333,131 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY: Current liabilities: Accounts payable and accrued liabilities $ 1,163,592 $ 1,059,914 Operating lease liabilities 94,791 79,832 Deferred revenue 1,391,737 1,559,461 Current liabilities of discontinued operations — 286,244 Total current liabilities 2,650,120 2,985,451 Long-term operating lease liabilities 574,065 579,686 Long-term deferred revenue 340,831 150,827 Long-term debt 15,601 18,078 Other long-term liabilities 469,738 381,531 Long-term liabilities of discontinued operations — 33,257 Total liabilities 4,050,355 4,148,830 Redeemable non-controlling interest 30,000 31,043 Stockholders' equity: Preferred stock, $0.01 par value: 2,000 shares authorized; none outstanding — — Common stock, $0.01 par value: 400,000 shares authorized; 154,112 and 152,053 shares outstanding, respectively 1,541 1,521 Capital in excess of par value 1,211,206 1,276,152 Retained earnings 8,984,105 6,741,699 Treasury stock, at cost: 3,148 and 5,207 shares, respectively (1,025,770) (1,675,650) Accumulated other comprehensive income (loss) (180,380) (196,414) Total Synopsys stockholders' equity 8,990,702 6,147,308 Non-controlling interest 2,504 5,950 Total stockholders' equity 8,993,206 6,153,258 Total liabilities, redeemable non-controlling interest and stockholders' equity $ 13,073,561 $ 10,333,131 (1) Synopsys' fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. SYNOPSYS, INC. Unaudited Consolidated Statements of Cash Flows (1) (in thousands) Twelve Months Ended 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 2,235,810 $ 1,218,125 Adjustments to reconcile net income to net cash provided by operating activities: Amortization and depreciation 295,065 247,120 Reduction of operating lease right-of-use assets 97,273 97,705 Amortization of capitalized costs to obtain revenue contracts 73,587 82,190 Stock-based compensation 692,316 563,292 Allowance for credit losses 19,724 19,932 Gain on sale of strategic investments (55,077) — Gain on divestitures, net of transaction costs (868,830) — Amortization of bridge financing costs 33,677 — Deferred income taxes (407,649) (211,045) Other (1,295) 13,295 Net changes in operating assets and liabilities, net of effects from acquisitions and dispositions: Accounts receivable (103,460) (178,432) Inventories (51,449) (123,752) Prepaid and other current assets (410,432) (106,396) Other long-term assets (168,255) (100,618) Accounts payable and accrued liabilities 187,564 170,496 Operating lease liabilities (96,966) (73,281) Income taxes (73,215) 198,078 Deferred revenue 8,641 (113,435) Net cash provided by operating activities 1,407,029 1,703,274 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from maturities and sales of short-term investments 138,961 130,435 Purchases of short-term investments (136,821) (131,079) Proceeds from sales of strategic investments 55,696 8,492 Purchases of strategic investments (1,293) (435) Purchases of property and equipment, net (123,161) (189,618) Acquisitions, net of cash acquired (156,947) (297,692) Proceeds from business divestiture, net of cash divested 1,446,578 — Capitalization of software development costs — (2,204) Net cash provided by (used in) investing activities 1,223,013 (482,101) CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of debt (2,607) (2,603) Payment of bridge financing and term loan costs (72,265) — Issuances of common stock 232,212 252,986 Payments for taxes related to net share settlement of equity awards (337,541) (241,408) Purchase of equity forward contract — (45,000) Purchases of treasury stock — (1,160,724) Other (1,096) (122) Net cash used in financing activities (181,297) (1,196,871) Effect of exchange rate changes on cash, cash equivalents and restricted cash 8,797 (2,979) Net change in cash, cash equivalents and restricted cash 2,457,542 21,323 Cash, cash equivalents and restricted cash, beginning of year, including cash from discontinued operations 1,441,187 1,419,864 Cash, cash equivalents and restricted cash, end of period, including cash from discontinued operations 3,898,729 1,441,187 Less: Cash, cash equivalents and restricted cash from discontinued operations — 4,947 Cash, cash equivalents and restricted cash from continuing operations $ 3,898,729 $ 1,436,240 (1) Synopsys' fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. Synopsys provides segment information, namely revenue, adjusted segment operating income and adjusted segment operating margin, in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 280, Segment Reporting. Synopsys' chief operating decision maker (" CODM ") is our Chief Executive Officer. In evaluating our business segments, the CODM considers the income and expenses that the CODM believes are directly related to those segments. The CODM does not allocate certain operating expenses managed at a consolidated level to our business segments and, as a result, the reported operating income and operating margin do not include these unallocated expenses as shown in the table below. These unallocated expenses are presented in the table below to provide a reconciliation of the total adjusted operating income from segments to our consolidated operating income from continuing operations: SYNOPSYS, INC. Business Segment Reporting (1)(2)(5) (in millions) Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Twelve Months Ended October 31, 2024 Twelve Months Ended October 31, 2023 Revenue by segment - Design Automation $ 1,118.2 $ 953.7 $ 4,221.1 $ 3,775.3 % of Total 68.3 % 65.0 % 68.9 % 71.0 % - Design IP $ 517.8 $ 513.7 $ 1,906.3 $ 1,542.7 % of Total 31.7 % 35.0 % 31.1 % 29.0 % Adjusted operating income by segment - Design Automation $ 413.3 $ 311.1 $ 1,631.9 $ 1,413.9 - Design IP $ 189.9 $ 236.4 $ 730.2 $ 514.1 Adjusted operating margin by segment - Design Automation 37.0 % 32.6 % 38.7 % 37.5 % - Design IP 36.7 % 46.0 % 38.3 % 33.3 % Total Adjusted Segment Operating Income Reconciliation (1)(2)(5) (in millions) Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Twelve Months Ended October 31, 2024 Twelve Months Ended October 31, 2023 GAAP total operating income – as reported $ 310.8 $ 424.2 $ 1,355.7 $ 1,273.2 Other expenses managed at consolidated level -Amortization of acquired intangible assets (3) 70.9 15.9 124.2 54.6 -Stock-based compensation (3) 165.4 128.6 657.9 513.1 -Non-qualified deferred compensation plan 9.2 (23.9) 85.4 20.2 -Acquisition/divestiture related items (4) 47.0 4.0 138.7 13.8 -Restructuring charges — (1.3) — 53.1 Total adjusted segment operating income $ 603.2 $ 547.5 $ 2,362.1 $ 1,928.0 (1) Synopsys manages the business on a long-term, annual basis, and considers quarterly fluctuations of revenue and profitability as normal elements of our business. Amounts may not foot due to rounding. (2) Synopsys' fourth quarter of fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. (3) The adjustment includes non-GAAP expenses attributable to non-controlling interest and redeemable non-controlling interest. (4) The adjustment excludes the amortization of bridge financing costs entered into in connection with the pending acquisition of Ansys, that was recorded in interest and other income (expense), net, in our unaudited condensed consolidated statements of income. (5) Presented on a continuing operations basis. GAAP to Non-GAAP Reconciliation Synopsys continues to provide all information required in accordance with GAAP but acknowledges evaluating its ongoing operating results may not be as useful if an investor is limited to reviewing only GAAP financial measures. Accordingly, Synopsys presents non-GAAP financial measures in reporting its financial results to provide investors with an additional tool to evaluate Synopsys' operating results in a manner that focuses on what Synopsys believes to be its core business operations and what Synopsys uses to evaluate its business operations and for internal budgeting and resource allocation purposes. This press release includes non-GAAP earnings per diluted share, non-GAAP net income and non-GAAP tax rate for the periods presented. It also includes future estimates for non-GAAP expenses, non-GAAP interest and other income (expense), non-GAAP tax rate, non-GAAP earnings per diluted share and free cash flow. These non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. When possible, Synopsys provides a reconciliation of non-GAAP financial measures to their most closely applicable GAAP financial measures. Synopsys is unable to provide a full reconciliation of certain first quarter and full fiscal year 2025 non-GAAP financial targets to the corresponding GAAP financial measures on a forward-looking basis because Synopsys believes that it would not be possible for it to have the required information necessary to quantitatively reconcile such measures with sufficient precision without unreasonable efforts due to, among other things, the potential variability and limited predictability of the excluded adjustment items necessary for a full reconciliation such as certain acquisition/divestiture related items, restructuring charges, tax deduction variability, changes in the fair value of non-qualified deferred compensation plan, and gains (losses) on the sale of strategic investments. For the same reasons, Synopsys is unable to address the probable significance of the unavailable information. Synopsys' management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, as superior to, or as a substitute for, financial information prepared in accordance with GAAP. These non-GAAP financial measures are meant to supplement, and be viewed in conjunction with, the corresponding GAAP financial measures. Synopsys' management believes presentation of non-GAAP financial measures, when shown in conjunction with the corresponding GAAP financial measures, provides useful information to investors allowing them to view financial and business trends relating to our financial condition and results of operations through the eyes of management. Synopsys' management evaluates and makes decisions about our business operations using both GAAP financial measures and non-GAAP financial measures to help facilitate internal comparisons to Synopsys' historical operating results and forecasted targets, planning and forecasting in subsequent periods and comparisons to competitors' operating results. The following are descriptions of the adjustments made to reconcile non-GAAP financial measures (other than free cash flow, which is defined in the footnote to the Financial Targets table above) to the most directly comparable GAAP financial measures: (i) Amortization of acquired intangible assets. We incur expenses from amortization of acquired intangible assets, which may include impairment charges from write-downs of acquired intangible assets. Acquired intangible assets include, among other things, core/developed technology, customer relationships, contract rights, trademarks and trade names, and other intangibles related to acquisitions. We amortize the intangible assets over their estimated useful lives. We do not enter into acquisitions on a predictable cycle. The amount of an acquisition's purchase price allocated to intangible assets and their estimated useful lives can vary significantly and are unique to each acquisition. From time to time, we incur impairment charges due to write-downs of acquired intangible assets. We believe that the presentation of non-GAAP financial measures that adjust for the amortization of intangible assets, including impairment charges, provides investors and others with a consistent basis for comparison across accounting periods. We also exclude this item because such expenses are non-cash in nature and we believe the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding our core operational performance and liquidity, and ability to invest in research and development and fund future acquisitions and capital expenditures. (ii) Stock-based compensation . Stock-based compensation expenses consist primarily of expenses related to restricted stock units, stock options, employee stock purchase rights and other stock awards, including such expenses associated with acquisitions. We exclude stock-based compensation expense from our non-GAAP financial measures primarily because it is not an expense that typically requires or will require cash settlement by us. Further, the expense for the fair value of the stock-based instruments we utilize may bear little resemblance to the actual value realized upon the vesting or future exercise of the related stock-based awards and, therefore, is not used by management to assess the core profitability of our business operations. (iii) Acquisition/divestiture related items. In connection with certain of our business combinations and/or divestitures, we incur significant expenses that we would not have otherwise incurred as part of our business operations. These expenses include, among other things, compensation expenses, professional fees and other direct expenses, concurrent restructuring activities and divestiture activities, including employee severance and other exit costs, bridge financing costs, costs related to integration activities, changes to the fair value of contingent consideration related to the acquired company, and amortization of the fair value difference of below-market value assets arising from arrangements entered into or acquired in conjunction with an acquisition. We also recognize the gains and losses from the mark-up of equity or cost method investments to fair value upon obtaining control through acquisition. We exclude these items because they are related to acquisitions and have no direct correlation to the core operation of our business. Further, because we do not acquire businesses on a predictable cycle and the terms of each transaction can vary significantly and are unique to each transaction, we believe it is useful to exclude such expenses when looking for a consistent basis for comparison across accounting periods. (iv) Restructuring charges. We initiate restructuring activities to align our costs to our operating plans and business strategies based on then-current economic conditions, and such activities have a specific and defined term. Restructuring costs generally include severance and other termination benefits related to voluntary retirement programs, involuntary headcount reductions and facilities closures. Such restructuring costs include elimination of operational redundancy, permanent reductions in workforce and facilities closures and, therefore, are not considered by us to be a part of the core operation of our business and are not used by management when assessing the core profitability and performance of our business operations. (v) Gains (losses) on the sale of strategic investments. We exclude gains and losses on the sale of equity investments in privately held companies because we do not believe they are reflective of our core business and operating results. (vi) Deferred compensation . We exclude changes in the fair value of our non-qualified deferred compensation plan because we do not use these to assess the core profitability of our business operations. (vii) Income tax effect of non-GAAP pre-tax adjustments . Excluding the income tax effect of non-GAAP pre-tax adjustments from the provision for income taxes assists investors in understanding the tax provision associated with those adjustments and the effect on net income. We utilize an annual non-GAAP tax rate in calculating non-GAAP financial measures to provide better consistency across interim reporting periods by eliminating the effects of certain non-recurring and other period-specific items, which can vary in size and frequency and do not necessarily reflect our normal operations, and to more closely align our tax rate with our expected geographic earnings mix. This annual non-GAAP tax rate is based on an evaluation of our historical and projected mix of U.S. and international profit before tax, taking into account the impact of non-GAAP adjustments, U.S. tax law changes, as well as other factors such as our current tax structure, existing tax positions and expected recurring tax incentives. Based on these considerations, we have elected to adopt a non-GAAP tax rate of 16% for fiscal year 2025. INVESTOR CONTACT : Trey Campbell Synopsys, Inc. 650-584-4289 Synopsys-ir@synopsys.com EDITORIAL CONTACT : Cara Walker Synopsys, Inc. 650-584-5000 corp-pr@synopsys.com View original content to download multimedia: https://www.prnewswire.com/news-releases/synopsys-posts-financial-results-for-fourth-quarter-and-fiscal-year-2024-302322901.html SOURCE Synopsys, Inc.Florida State has finished filling its coordinator vacancies as Nebraska 's Tony White signed a three-year contract to oversee the Seminoles' defense, sources told ESPN's Pete Thamel on Monday. White spent the past two seasons at Nebraska, which ranks 20th nationally in points allowed this season after finishing 13th in 2023. He replaces Adam Fuller, who was fired last month. White, who came up under defensive guru Rocky Long, has previously held coordinator posts at Syracuse , Arizona State and San Diego State . He played college football at UCLA . Editor's Picks Big upsets! Buzzer-beaters! A hook-and-ladder!! The 20 best games of Rivalry Week 23h Bill Connelly Florida State is 88th in points allowed and 87th in yards allowed, following a 2-10 season under coach Mike Norvell. The Seminoles on Monday also officially announced the hiring of Gus Malzahn as offensive coordinator. He replaces Alex Atkins, who was fired last month. Malzahn, who served as UCF 's head coach the past two seasons and was Auburn 's coach from 2013 to 2020, worked with Norvell on the Tulsa coaching staff in 2008 and 2009. "He has one of the most innovative minds in college football and a proven track record of developing elite offenses everywhere he's been," Norvell said in a statement. "His offenses have consistently showcased a tremendous running game combined with explosive plays through the air. I'm thrilled to work side-by-side with Gus again as we elevate the Florida State offense back to one of the elite groups in college football."It was a year of change in Ottawa in 2024, with federal public servants required to spend more time in the office, alcohol now available in grocery stores and gas stations, and the Ottawa Senators taking the next step towards moving downtown. 2024 was also a year of tragedy in the city, including six people killed inside a Barrhaven home and the Ottawa Police Service labelling a killing as a femicide for the first time. CTVNewsOttawa.ca looks at the top stories in Ottawa in 2024. 6 people killed, including mother and 4 children, in Barrhaven home A mother, her four children and a family acquaintance were killed in a "mass killing" at a Barrhaven home on March 6. The Ottawa Police Service says officers responded to two 9-1-1 calls from the Berrigan Drive area "reporting a suspicious incident where a male was yelling and asking people to call 9-1-1," Ottawa Police Chief Eric Stubbs told reporters. "Officers entered the home to check on the safety of those inside, and that is where they began to discover the six victims, the youngest of which is less than three months old. The family are newcomers to Canada and are originally from Sri Lanka." The victims were identified as 35-year-old Banbaranayake Gama Walwwe Darshani Dilanthika Ekanyake and her four children: 7-year-old Inuka Wickramasinghe, 4-year-old Ashwini Wickramasinghe, 3-year-old Ranaya Wickramasinghe and two-month-old Kelly Wickramasinghe. A sixth man, 40-year-old Gamini Amarakoon Amarakoon Mudiyanselage, was also found deceased at the home. Febrio De-Zoysa, 19, is facing six counts of first-degree murder and one count of attempted murder. The Wickramasinghe family is pictured here in this undated image. The four young children and their mother were killed in their Ottawa home on March 6, 2024 alongside a family friend. The father was seriously injured in the attack. A 19-year-old suspect is in custody and is facing multiple counts of first-degree murder. First time the Ottawa Police Service labels a killing as a femicide The Ottawa Police Service labelled the death of a woman at a home in Ottawa's rural west end in August as a femicide, the first-time police used the term in a media release. Police say they were called to an address on Lady Slipper Way, a rural area just north of Highway 7 at about 6:40 p.m. on Aug. 25. The victim was identified as Jennifer Zabarylo, 47, of Ottawa. "In the context of police investigations, we consider this death to be a femicide, as it occurred in the context of intimate partner violence, which is one of the many forms of misogynist killings," Ottawa police said in a news release. "A femicide is generally defined as 'the killing of women and girls because of their gender' often driven by stereotyped gender roles, discrimination towards women and girls or unequal power relations between women and men. Michael Zabarylo, 55, of Ottawa, has been charged with second-degree murder. Ottawa police identified the victim of a homicide on Lady Slipper Way as Jennifer Zabarylo, 47, of Ottawa. Police have labelled her death a femicide. (Facebook) In October, police classified the death of Brkti Berhe , 36, of Ottawa as a femicide. The woman died in a stabbing at Paul Landry Park on Oct. 24. Ottawa Senators, National Capital Commission reach agreement for new NHL arena at LeBreton Flats The Ottawa Senators moved one step closer to building a new home in downtown Ottawa in 2024. After more than two years of talks, the Senators and the National Capital Commission reached an agreement in principle to build a new arena at LeBreton Flats. NCC CEO Tobi Nussbaum said the Senators will buy "just over 10 acres" of land to build the new arena. The Senators say it will be "years, not months, before shovels are in the ground." A rendering of what a new Ottawa Senators arena at LeBreton Flats could look like. (Capital Sports Development Inc.) Ottawa high school principal apologizes for song played during Remembrance Day assembly The principal of an Ottawa high school apologized to students, parents and guardians after an Arabic-language song was played during the school's Remembrance Day service. The assembly for students and staff at Sir Robert Borden High School on Nov. 11 included the song 'Haza Salam' being played. "It has come to my attention that the inclusion of the song 'Haza Salam' in the program caused significant distress to some members of our school community," principal Aaron Hobbs said in a letter to Sir Robert Borden families. "For this, I would like to offer my apologies." 'Haza Salam' translates in English to "This is Peace." On YouTube, there are several different versions of the song 'Haza Salam', and it has become a song to oppose the ongoing Israel-Hamas war in Gaza. The Ottawa-Carleton District School Board (OCDSB) said it was conducting a "thorough investigation into this issue to ensure it is addressed appropriately and meaningfully." Sir Robert Borden High School on Greenbank Road in Ottawa. (Google Maps) PSAC encourages federal workers to 'buy nothing' as civil servants return to the office Tens of thousands of federal public servants returned to the office more days a week in 2024. In September, the federal government introduced new rules requiring federal workers in the core public service to be in the office a minimum of three days a week, and executives to be in the office four days a week. Federal public service unions protested the new hybrid work requirements, including launching a federal court challenge. The Public Service Alliance of Canada encouraged workers to "buy nothing" at downtown Ottawa businesses as they returned to the office in September, in an apparent retaliation against downtown Ottawa businesses for the new protocols. "The needs of the downtown core shouldn't fall on the back of workers and the federal public service. How workers spend their money on in-office days will send a clear message to politicians," PSAC said in a post on Instagram. PSAC asked members to minimize spending on in-office days and buy from local businesses in their neighbourhoods. PSAC calls for downtown boycott The next day, PSAC encouraged its members to "buy local" and support neighbourhood businesses . This year, the federal government signalled it was going to cut 5,000 federal jobs through attrition. In November, the Canada Revenue Agency confirmed it was eliminating 600 temporary and contract employees by the end of the year. Alcohol in corner stores and gas stations 2024 marked the largest change to alcohol sales in Ontario in nearly a century. The Ontario government opened up the liquor market, allowing beer, wine and spirits to be sold in corner stores, gas stations and big box stores, including Costco. In September, Ontario allowed convenient stores in Ottawa and across Ontario to sell beer, cider, wine and ready-to-drink alcoholic beverages. More than 180 gas stations and convenience stores in Ottawa are selling alcoholic beverages. According to the Alcohol and Gaming Commission website, five Costco stores and four Walmart locations in Ottawa were licensed to sell alcohol starting Oct. 31. Licensed stores are only allowed to sell alcohol between the hours of 7 a.m. and 11 p.m. However, officials say deliveries of alcohol will only be permitted between 9 a.m. and 11 p.m. The AGCO says stores permitted to open on holidays will be allowed to sell alcohol between 7 a.m. and 11 p.m. Beer sits in storage at the Pioneer gas station on Industrial Avenue in Ottawa in advance Sept. 5, when convenience stores and gas stations are legally able to sell alcohol in Ontario. Aug. 27, 2024. (Katie Griffin/CTV News Ottawa) Trillium Line Commuters were hoping to ride the Trillium Line in 2024, but delays have pushed the opening of the new north-south light rail transit line until Jan. 6, 2025. Line 2 will run from Bayview Station to Limebank Station, including stops at Carleton University and South Keys. Line 4 will run from South Keys to the Ottawa International Airport. OC Transpo says the new Line 2 and Line 4 will open in three phases, beginning Jan. 6 with Monday to Friday service. The three-phase approach will look like this: A Trillium Line train entering South Keys station on Dec. 16, 2024. (Kimberley Johnson/CTV News Ottawa) Historic solar eclipse brings breathtaking views across eastern Ontario Thousands of people gathered as a solar eclipse moved across eastern Ontario on April 8, achieving totality in several communities. More than 5,500 people were at Fort Henry in Kingston, Ont. — one of the communities in the path of totality — and many more gathered in places like Brockville and Cornwall to witness the total eclipse, despite a cloudy day. Events in Ottawa, where the eclipse was partial, still drew crowds. The partial eclipse began the moment the edge of the moon touched the edge of the sun. Totality began when the edge of the moon covered all of the sun and totality ended when the edge of the moon exposed the sun. The partial eclipse ends the moment the edge of the moon leaves the edge of the sun. While total solar eclipses occur about once every 18 months, you need to be directly along the eclipse's specific path to see the full effect. A total solar eclipse hadn't been seen in Canada since 1979. A diamond ring effect is seen during the totality phase of a total solar eclipse, in Kingston, Ont., Monday, April 8, 2024. THE CANADIAN PRESS/Justin Tang Rare cloud formations ripple the sky over Ottawa A unique cloud formation over Ottawa was the talk of social media in October. The clouds, known as asperitas clouds, are known for their distinctive formations that look like rippling waves. "The thing about these clouds is, I mean, they're beautiful to look at, but they're scientifically really compelling as well, because we don't really understand why they form," Dan Riskin, CTV Science and Technology specialist, told CTV News Ottawa. "I mean, they're kind of associated with bad weather, but they don't actually cause rain to come out. They tend to show up before a storm or after the storm, but not always. And they have this undulation to them. So, they make for beautiful images." The World Meteorological Organization added the asperitas clouds to its International Cloud Atlas in 2015. It is the latest cloud type to be added to its atlas and the first in more than 50 years. Its name comes from the Latin word for "roughness." "It looked biblical," Jody Harrison said. "We were just enjoying the rolling of them all from the west, just coming right at our place. So, it was really cool." Visiting Ottawa from Saskatchewan (land of living skies), I couldn't resist taking these photos that I'd never seen before!! (Barb McCaslin/CTV Viewer) Ottawa woman dies after battle with pancreatic cancer An Ottawa woman who raised more than $500,000 for cancer research at the Ottawa Hospital died after a lengthy battle with pancreatic cancer. Sindy Hooper passed away in September. "She did it in typical Sindy style, courageously and gracefully while surrounded by good friends. She was able to see many of our good friends over the last few days, had them reminiscing, laughing, and as always, she gently encouraged us and reminded us to make every moment count," said Jonathan Hooper, Sindy's husband in a post on her Instagram account. "There is no way I can coherently express what an incredible person, friend, wife and mother she is." Hooper was first diagnosed with pancreatic cancer in 2013. She was diagnosed with Stage 4 pancreatic cancer that spread to her lung, spine and ribs. Hooper continued to run, raising funds for pancreatic research and treatment. A fundraising campaign is underway as part of the 2025 Tamarack Ottawa Race Weekend. An Ottawa woman who raised more than $500,000 for cancer research at the Ottawa Hospital has died after a lengthy battle with pancreatic cancer. (Jonathan Hooper/ Instagram) Other top stories on CTVNewsOttawa.ca in 2024 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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A new ban on the practice is starting to take effect Immigration measures announced as part of Canada's border response to president-elect Donald Trump's 25 per cent tariff threat are starting to be implemented, beginning with a ban on what's known as 'flagpoling.' Hong Kong police issue arrest warrants and bounties for six activists including two Canadians Hong Kong police on Tuesday announced a fresh round of arrest warrants for six activists based overseas, with bounties set at $1 million Hong Kong dollars for information leading to their arrests. Stunning photos show lava erupting from Hawaii's Kilauea volcano One of the world's most active volcanoes spewed lava into the air for a second straight day on Tuesday. Indigenous family faced discrimination in North Bay, Ont., when they were kicked off transit bus Ontario's Human Rights Tribunal has awarded members of an Indigenous family in North Bay $15,000 each after it ruled they were victims of discrimination. Heavy travel day starts with brief grounding of all American Airlines flights American Airlines briefly grounded flights nationwide Tuesday because of a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. OPP and Ottawa firefighters help remove vehicle wedged into Highway 417 overpass Ottawa firefighters and local Ontario Provincial Police officers were called to a bizarre scene Tuesday morning along Highway 417, where a driver managed to wedge his vehicle under an overpass. On Christmas Eve, Pope Francis appeals for courage to better the world Pope Francis said the story of Jesus' birth as a poor carpenter's son should instill hope that all people can make an impact on the world, as the pontiff on Tuesday led the world's Roman Catholics into Christmas. Read Trudeau's Christmas message Prime Minister Justin Trudeau issued his Christmas message on Tuesday. Here is his message in full. Ontario First Nation challenging selection of underground nuclear waste site in court A First Nation in northern Ontario is challenging the selection of a nearby region as the site of a deep geological repository that will hold Canada's nuclear waste, arguing in a court filing that it should have had a say in the matter as the site falls "squarely" within its territory. Atlantic Two deaths in Truro ruled homicides: RCMP Police in Nova Scotia are investigating after two deaths in Truro, N.S., over the weekend have been ruled homicides. Snow forecast through Christmas Eve for parts of the Maritimes Parts of the Maritimes that were hit by a weekend snowstorm are in for more of the white stuff this Christmas Eve. 'Can I taste it?': Rare $55,000 bottle of spirits for sale in Moncton, N.B. A rare bottle of Scotch whisky is for sale in downtown Moncton, N.B., with a price tag reading $55,000. Toronto Suspect charged in killing of senior found dead in North York driveway Toronto police have charged a suspect in the fatal shooting of a 69-year-old grandfather who was found in the driveway of a North York home earlier this month. Trudeau could stay or go. Either way, Canadians should brace for a spring election Canada appears to be barrelling toward a spring election now that the NDP is vowing to vote down the government early next year -- whether Prime Minister Justin Trudeau stays on or not. Norad crew waiting for Santa to fly over Canada as annual holiday track underway Departing from the North Pole while we were all sleeping, Santa Claus' journey around the world bringing presents and Christmas cheer for all of the good boys and girls who believe is underway. Montreal Snowfall means a white Christmas, but also traffic woes across southern Quebec roads A heavy snowfall has guaranteed much of Quebec a white Christmas, but it has also sent cars skidding off the province's roads during the busy holiday travel period. Montreal homeless centres lacking for space during cold snap Despite a cold snap, some Montreal homeless centres are being forced to turn people away as beds fill up. Warmer temperatures mean fewer Montreal ice rinks open for Christmas With climate change meaning warmer winter temperatures, fewer outdoor Montreal ice rinks are opening by the end of December. Northern Ontario Indigenous family faced discrimination in North Bay, Ont., when they were kicked off transit bus Ontario's Human Rights Tribunal has awarded members of an Indigenous family in North Bay $15,000 each after it ruled they were victims of discrimination. Norad crew waiting for Santa to fly over Canada as annual holiday track underway Departing from the North Pole while we were all sleeping, Santa Claus' journey around the world bringing presents and Christmas cheer for all of the good boys and girls who believe is underway. Dismiss Trump taunts, expert says after 'churlish' social media posts about Canada U.S. president-elect Donald Trump and those in his corner continue to send out strong messages about Canada. Windsor Mother daughter duo pursuing university dreams at the same time For one University of Windsor student, what is typically a chance to gain independence from her parents has become a chance to spend more time with her biggest cheerleader — her mom. 'We may have to look at other sensible locations': Where will Windsor’s new H4 be located? The search for a site to house Windsor’s new Homelessness and Housing Help Hub (H4) is back underway after the city scrapped plans at 700 Wellington Avenue on Monday. Sandwich Street officially opens after six months of construction A more than 2-kilometre stretch of Sandwich Street near the University of Windsor had been under construction since mid-June. London Palace Theatre boarded up over the holidays due to recent damage A break in, theft, and continued property damage has led to the boarding up of the Palace Theatre over the Christmas holidays. Knights stars ready to help Canada chase gold at World Juniors Three London Knights are on the roster, including Easton Cowan, who scored a hat-trick in Canada’s first exhibition game. London fire responds to Wellington Road collision, contains fuel leak London Fire Department was on the scene of a two vehicle collision involving a delivery truck on Tuesday morning. Kitchener Why holiday shopping may feel a little different this year At around 11 a.m. Tuesday at Kitchener’s Fairview Park Mall, there were plenty of parking spots available. It’s a sign that maybe this year, the rush for last minute gifts is no more. How to stay safe during the holiday season As fun festivities begin, the Canadian government, SickKids and fire departments in the Waterloo Region are reminding families of the higher safety risks during the holiday season. What’s open and what’s closed over the holidays A detailed guide to what’s open and closed between Dec. 24 and New Year's Day. Barrie Here's when Santa is coming down your chimney, live tracking underway in Simcoe County The spirit of Christmas is in the air as Santa Claus begins his lasting journey to deliver presents to children around the region. Help this missing pup make it home for Christmas The Ontario SPCA in Barrie needs your help bringing this handsome pup home to his family before Christmas. Last minute shoppers braced for chaos but found calm on Christmas Eve Many shoppers were out on Christmas Eve, and while the rush was expected to be chaotic, many found the day surprisingly manageable. Winnipeg 'They gambled with trees': Cutting down trees resumes in Lemay Forest The next chapter of the Lemay Forest saga has unfolded as the sounds of trees coming down could be heard Monday. One person dead, another injured following Monday night house fire One person has died and another is in unstable condition following a house fire Monday evening. Winnipeg police investigating string of packages being stolen The Winnipeg Police Service is investigating a string of package thefts in the Transcona area. Calgary Speed, alcohol possible factors in Glenmore Trail crash that left man, 18, dead: police Speed and alcohol are possible factors in a fatal crash on Glenmore Trail on Monday night, according to police. Person in critical condition after downtown Calgary fire A person was sent to hospital in life-threatening condition after a fire in downtown Calgary on Tuesday morning. Skier seriously injured in avalanche near Revelstoke, B.C. A skier was seriously injured after an avalanche near Revelstoke, B.C., over the weekend. Edmonton Edmonton apartment building boarded up after evacuation order from the city An Edmonton apartment building that was evacuated for safety reasons on Monday now sits boarded up. Panthers' Hubbard among NFL's elite running backs as he joins exclusive Canadian club Chuba Hubbard has reached 1,000 yards rushing this NFL campaign, joining a handful of others near the top of the league stats sheet, but also to become just the second Canadian to reach the mark in a season. 1 charged after van stolen from Edmonton's Food Bank on Monday One person has been arrested after a van was stolen from Edmonton's Food Bank on Monday. Regina Sask. RCMP still searching for man suspected of small-town break-ins spanning years A man suspected of breaking into offices and small businesses across Saskatchewan over the past number of years has struck again – according to RCMP. Tips on how to reduce, reuse and recycle in Sask. this holiday season The City of Regina is urging residents to recycle their holiday waste responsibly. 'A nice way to connect': Christmas card exchange between Sask. friends spans 60 years What started out as a little holiday fun between two Regina friends has turned into a tradition that now spans six decades. Saskatoon 'People prop the doors open': Saskatoon resident concerned as people shelter in her stairwell With the number of homeless people in Saskatoon at an unprecedented high, it’s no surprise people are looking for places to warm up. A separate Ukrainian Christmas may be a thing of the past There might be more households than usual celebrating this Christmas Eve, as many Ukrainians around the world are opting to abandon the orthodox calendar. Lloydminster man killed in Christmas Eve highway crash: RCMP A 24-year-old Lloydminster man was killed Tuesday after his pickup truck collided with a semi. Vancouver DEVELOPING | Several Christmas Day ferries between Tsawwassen, Victoria cancelled – and others are 'at risk' The stormy weather in the forecast for B.C.'s South Coast is already disrupting many Christmas Day travel plans. Rappelling RCMP members bring Christmas magic to B.C.’s Ronald McDonald house Children at the Ronald McDonald House at BC Children’s Hospital were paid a surprise visit from a number of nimble guests on Friday, sent from none other than the jolly old man himself. Striking janitors at Vancouver airport reach tentative deal, cancel escalation Escalating job action from striking janitors at the Vancouver International Airport was called off on Christmas Eve after the workers and their employer reached a tentative agreement. Vancouver Island Ripe avalanche conditions for parts of B.C. expected to persist this week A forecaster says ripe avalanche conditions are expected to persist across much of British Columbia for the rest of the week. Woman struck by vehicle dies in Burnaby, B.C. A 24-year-old woman who was struck by a vehicle last week in Burnaby, B.C., has died. Homicide victim identified as 36-year-old man from Langley, B.C. Homicide investigators are identifying the victim of a suspected murder last year in Langley, B.C. Kelowna Forfeited Hells Angels clubhouse in Kelowna, B.C., sold to the city A former Hells Angels clubhouse that was seized by the British Columbia government in 2023 after years of fighting in court has been sold to the City of Kelowna. Death of woman found in Kelowna's Waterfront Park in June deemed 'non-criminal in nature': RCMP Police in Kelowna say a death they began investigating back in June has now been confirmed as "non-criminal in nature." B.C. man sentenced for 'execution-style' murder of bystander in drug trade conflict A B.C. man convicted of the "intentional and ruthless killing of a bystander" while acting as an enforcer in the drug trade has been sentenced for a second time in the slaying. Stay Connected
BEREA, Ohio Disorderly conduct: Barrett Road A Berea man, 46, was cited at about 2:30 a.m. Nov. 29 after he yelled profanities at police from his eighth-floor apartment in Tower in the Park, 55 Barrett Road. Police were at the intersection of Barrett and West Bagley Road investigating a crash. A vehicle had slammed into a utility pole. Suddenly, police heard someone yelling, “(Fudge) you,” from a distance. The yeller also called police idiots. Police looked around and determined that the yeller was in the area of Tower in the Park. They yelled back at the man to stop yelling. The man laughed loudly and continuing yelling profanities. A Tower in the Park tenant called police to complain about the man yelling. He told police where the man lived. Police traced the man’s yelling to an apartment on the eighth floor of Tower in the Park. When he answered the door for police, he denied yelling at them, saying he had been sleeping. The man appeared to be under the influence of a stimulant. After police cited him, the yelling stopped. Disorderly conduct: North Quarry Lane An intoxicated Broadview Heights woman, 60, was arrested at about 7:30 p.m. Nov. 28 after police found her lying on a walking path along North Quarry Lane near South Rocky River Drive. The woman was unable to remember her last name or Social Security number. Police recognized her from previous incidents. Illegal dumping: West Bagley Road An unidentified person dumped parts of a broken pool table, vacuum cleaners and other household items into and next to a dumpster Dec. 2 behind Cornerstone Dentistry, 1497 W. Bagley Road. Security video showed a pickup truck entering the Cornerstone parking lot at about 3:15 a.m. After throwing the items into the dumpster, the person drove away. Theft: West Bagley Road An unidentified man stole a reusable grocery bag containing merchandise at about 2 p.m. Nov. 29 from Second Mile Outreach, 480 W. Bagley Road. A worker at the thrift store saw it happen and called police. After stealing the bag, the man climbed into a Nissan and drove away. Theft: Fuller Street Two unlocked bicycles were stolen between 8 p.m. Nov. 30 and 10 a.m. Dec. 1 from the driveway of a home on Fuller Street. Theft: Barrett Road An unidentified woman stole packages at about 1 a.m. Nov. 25 from the mail room at Tower in the Park, 55 Barrett Road. The theft was captured on security video. RECOMMENDED • cleveland .com North Royalton woman arrested in connection with shoplifting, vehicle crash in Berea & Middleburg Heights Dec. 5, 2024, 3:48 p.m. Girl’s arm broken during scuffle at Berea park Dec. 5, 2024, 4:03 p.m. After stealing the packages, the woman walked out of the apartment building. A Tower in the Park staff member didn’t believe the woman was a tenant and thought that she was visiting someone. Read more from the News Sun .Georgian police fired tear gas to disperse thousands of pro-EU demonstrators on Monday, who had rallied in the center of Tbilisi amid a deepening political crisis in the Black Sea nation. The country's prime minister hours earlier had vowed "no negotiations" with the opposition, enraged by the ruling Georgian Dream party's decision to shelve EU accession talks after it claimed victory in an election they decried as fraudulent. The Caucasus country of some 3.7 million has been rocked by turmoil since the Oct. 26 parliamentary elections, with Georgian Dream facing accusations of betraying the country's long-standing ambition of joining the EU and moving Tbilisi closer to Moscow. Opposition lawmakers are boycotting the country's parliament and the pro-EU president is seeking to throw out the election results in the constitutional court. Prime Minister Irakli Kobakhidze refused any potential negotiations with the opposition, as Monday marked five consecutive nights of clashes between protesters and riot police outside the parliament in central Tbilisi. Thousands of demonstrators, waving Georgian and EU flags and shouting "Georgia," were on the streets again, including in the second city of Batumi, to protest the government's decision to suspend EU accession talks. Police quickly moved in to disperse the crowds, firing tear gas at protestors, some of whom had launched fireworks at the police, who later regathered a few kilometers from the parliament building. 'No revolution' Kobakhidze claimed on Monday that the protests were "funded from abroad" and vowed "there will be no revolution in Georgia." He also lambasted Western countries for failing to condemn "organized violence" by protesters, as they have criticized excessive force by Georgian police. Those on the streets of Tbilisi said they were just as defiant about not backing down. "We don't care about their orders, they are breaking the law every day," Giorgi, 35, told AFP. "We have to stand here and protest against this dictatorship that is coming," he added. An AFP reporter saw several dozen young protestors standing still in front of a wall of masked riot police, singing the Georgian national anthem. Others took refuge in a church opposite the parliament while hundreds were hit by tear gas. Rights groups and pro-EU President Salome Zurabishvili have slammed the police's forceful crackdown over the last week. Zurabishvili, who backs what she calls a "resistance movement" against Georgian Dream, said Monday that those detained by police "have been subjected to systematic beatings." The "majority of the arrested protesters have injuries to their heads and faces, broken face bones, eye sockets, open wounds," she said. Authorities are accusing the protesters of turning violent and endangering public safety. 'Top priority' Dozens have been injured in the protests since Thursday including demonstrators, police and journalists, according to officials and activists, though the exact numbers were unclear. Some protesters have launched fireworks towards police, started fires and thrown projectiles, while police have been seen charging into and forcibly detaining protesters. Authorities have also deployed water cannon, tear gas and rubber bullets against the crowds. More than 200 were detained during the first four nights of protest, the interior ministry said. Tbilisi has seen numerous bouts of protest over the past two years, as the Georgian Dream party has pushed through legislation targeting civil society, independent media and the LGBTQ+ community. Brussels has warned those policies are incompatible with membership of the bloc. Georgia's constitution commits the country to seeking membership in the European Union, and opinion polls have regularly shown 80% of the country in favor. The prime minister has said that joining the bloc "by 2030" is still his "top priority," a claim not accepted by demonstrators angry at the formal shelving of talks. On Monday the premier said the government would make "maximum efforts" to join the EU, despite ruling out talks on accession for the next four years. He said he had discussed EU integration with Georgian diplomats earlier that day. Zurabishvili has asked the constitutional court to annul the election result, declaring the new parliament and government "illegitimate." Critics accuse Georgian Dream, in power for more than a decade, of having steered the country away from the European Union and closer to Russia, an accusation it denies. Russia on Monday defended Georgia's crackdown on protesters. Kremlin spokesman Dmitry Peskov said Tbilisi is acting to "stabilize" the situation, accusing protesters of wanting to "stir up" unrest. Peskov said he drew a "direct parallel" with Ukraine's 2014 Maidan protest, which ousted a Kremlin-backed leader who reneged on an EU partnership agreement.LOS ANGELES — Christmas could come early this year for anyone playing Tuesday’s Mega Millions jackpot worth an estimated $970 million. The odds of winning the jackpot are 1 in 302 million, according to lottery organizers, and the last jackpot was won in Texas on Sept. 10 for $810 million. Tuesday’s drawing is at 8 p.m. Pacific time. If there is a winner or winners on Tuesday, they will claim a portion of the seventh-largest prize in Mega Millions history. Only three tickets won the Mega Millions jackpot this year, the fewest since the multistate game launched in 2002. There have been 13 jackpot winners in December in the game’s history, but only one winning ticket was pulled on Christmas Eve — in 2002. That winning ticket was sold in New York for a $68-million prize that ultimately went unclaimed, according to the lottery organizers. While some people swear by their lucky numbers, there is little rhyme or reason behind purchasing a winning ticket. That being said, there are some locations that have sold more winning tickets than others. The California Lottery lists “Lucky Store” locations on its website . Bluebird Liquor in Hawthorne has a long, storied history of selling winning tickets to SoCal residents . Since 2021, the liquor store has sold four winning Powerball and four Mega Millions tickets, according to data from the California Lottery. Joe’s Service Center in Altadena sold a winning ticket for a $2-billion Powerball prize in November 2022 . Las Palmitas Mini Market in downtown Los Angeles sold a winning ticket that won a $1.08-billion prize in June 2023 . Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands.
New Delhi: Many adults and youngsters spend nearly a third of their time awake hooked to smartphones—an addiction phonemakers are trying to tackle by incorporating features that allow users to meaningfully take time off from their screens. Smartphone brands such as Vivo, Oppo and HMD have recognized the need for digital detox as a business opportunity, building strategies to cater to a growing preference for switching off—such as Zen Mode by OnePlus. Vivo, in fact, published a study earlier this month on the impact of smartphones on parent-child relationships. It found parents spend 5.5 hours and children about 4.5 hours on their phones each day, with social media and entertainment consuming a majority of this time. Vivo found that about 64% of the children who participated in its study felt they were addicted to their phones. About “73% of parents and 69% of children identify excessive smartphone usage as a major source of conflict," Vivo said in its report. A majority of the children surveyed—94%—said their parents’ smartphones should only include essential features such as calling, messaging and camera—excluding gaming and social media. Additionally, 66% of the children expressed willingness to leave social media if their friends did too, while one in three wished certain social media apps had never been invented. Also, 57% of the parents surveyed said that the first and last thing they saw soon after waking up and before going to bed was their smartphone. About 84% of the parents and 76% of the children that were part of the study said they aspired to build deeper connections and create meaningful moments by turning off their smartphones—in other words, a digital detox. Analysts tracking the sector say the need for digital detox has emerged from the excessive use of data on smartphones. This is largely owing to low-cost data plans being made available in the country, distinctly different from developed markets where data plans are high-cost and data usage is accordingly low. “The average time spent on smartphones has increased from 2-3 hours in 2015-16 to 4-5 hours today with a far younger user profile keen on building and boosting their digital presence," said Tarun Pathak, research director at Counterpoint Research. “The phenomenon is on the rise in the West, which is leading to the rise in use of featurephones with limited app functionality, which we’re yet to see in India. Perhaps we will see this becoming more mainstream in 2026," Pathak added. Detox mode or featurephone? Meanwhile, smartphone brands are introducing optional detox features on their devices. Some featurephone makers even go so far as to claim that the answer to digital detoxing is a 2G handset. “We have introduced Detox Mode on our HMD Skyline smartphones—a user-friendly feature designed to help individuals take intentional breaks from their devices," said Ravi Kunwar, chief executive and vice president, India and Asia-Pacific, at HMD, a Finnish company that sells smartphones under both HMD and Nokia brands. “Detox Mode allows users to temporarily hide their most distracting apps with just three simple clicks, enabling them to focus on work, spend quality time with loved ones, or recharge without constant digital interruptions." Kunwar added that Nokia and HMD featurephones were also evolving to include features such as UPI payments and improved usability. This, he said, would provide users with essential tools and reduce dependency on smartphones, making digital detox more accessible and convenient. “Technology should benefit mankind," added Peter Dohyung Lee, head of product strategy at OPPO, on the company’s plans to cater to the growing need for digital or smartphone detox. “We know it’s a long journey with constant fine-tuning." Vivo, on the other hand, has partnered with Catherine Price, the founder of Screen/Life Balance and the author of . Price has created a list of suggestions and advice for users to inculcate healthier smartphone habits. “All our devices come equipped with robust digital wellbeing tools, where users have the option to set time limits on apps, switch to do-not-disturb, designate focus modes, and set screen-time reminders," a spokesperson for Vivo said in response to ’s queries.The Duckhorn Portfolio Announces Fiscal First Quarter 2025 Financial Results
It looked like a recipe for disaster. So, when his country's swimmers were being accused of doping earlier this year, one Chinese official cooked up something fast. He blamed it on contaminated noodles. In fact, he argued, it could have been a culinary conspiracy concocted by criminals, whose actions led to the cooking wine used to prepare the noodles being laced with a banned heart drug that found its way into an athlete's system. This theory was spelled out to international anti-doping officials during a meeting and, after weeks of wrangling, finally made it into the thousands of pages of data handed over to the lawyer who investigated the case involving 23 Chinese swimmers who had tested positive for that same drug. The attorney, appointed by the World Anti-Doping Agency, refused to consider that scenario as he sifted through the evidence. In spelling out his reasoning, lawyer Eric Cottier paid heed to the half-baked nature of the theory. "The Investigator considers this scenario, which he has described in the conditional tense, to be possible, no less, no more," Cottier wrote. Even without the contaminated-noodles theory, Cottier found problems with the way WADA and the Chinese handled the case but ultimately determined WADA had acted reasonably in not appealing China's conclusion that its athletes had been inadvertently contaminated. Critics of the way the China case was handled can't help but wonder if a wider exploration of the noodle theory, details of which were discovered by The Associated Press via notes and emails from after the meeting where it was delivered, might have lent a different flavor to Cottier's conclusions. "There are more story twists to the ways the Chinese explain the TMZ case than a James Bond movie," said Rob Koehler, the director general of the advocacy group Global Athlete. "And all of it is complete fiction." In April, reporting from the New York Times and the German broadcaster ARD revealed that the 23 Chinese swimmers had tested positive for the banned heart medication trimetazidine, also known as TMZ. China's anti-doping agency determined the athletes had been contaminated, and so, did not sanction them. WADA accepted that explanation, did not press the case further, and China was never made to deliver a public notice about the "no-fault findings," as is often seen in similar cases. The stock explanation for the contamination was that traces of TMZ were found in the kitchen of a hotel where the swimmers were staying. In his 58-page report, Cottier relayed some suspicions about the feasibility of that chain of events — noting that WADA's chief scientist "saw no other solution than to accept it, even if he continued to have doubts about the reality of contamination as described by the Chinese authorities." But without evidence to support pursuing the case, and with the chance of winning an appeal at almost nil, Cottier determined WADA's "decision not to appeal appears indisputably reasonable." A mystery remained: How did those traces of TMZ get into the kitchen? Shortly after the doping positives were revealed, the Institute of National Anti-Doping Organizations held a meeting on April 30 where it heard from the leader of China's agency, Li Zhiquan. Li's presentation was mostly filled with the same talking points that have been delivered throughout the saga — that the positive tests resulted from contamination from the kitchen. But he expanded on one way the kitchen might have become contaminated, harkening to another case in China involving a low-level TMZ positive. A pharmaceutical factory, he explained, had used industrial alcohol in the distillation process for producing TMZ. The industrial alcohol laced with the drug "then entered the market through illegal channels," he said. The alcohol "was re-used by the perpetrators to process and produce cooking wine, which is an important seasoning used locally to make beef noodles," Li said. "The contaminated beef noodles were consumed by that athlete, resulting in an extremely low concentration of TMZ in the positive sample. "The wrongdoers involved have been brought to justice." This new information raised eyebrows among the anti-doping leaders listening to Li's report. So much so that over the next month, several emails ensued to make sure the details about the noodles and wine made their way to WADA lawyers, who could then pass it onto Cottier. Eventually, Li did pass on the information to WADA general counsel Ross Wenzel and, just to be sure, one of the anti-doping leaders forwarded it, as well, according to the emails seen by the AP. All this came with Li's request that the noodles story be kept confidential. Turns out, it made it into Cottier's report, though he took the information with a grain of salt. "Indeed, giving it more attention would have required it to be documented, then scientifically verified and validated," he wrote. Neither Wenzel nor officials at the Chinese anti-doping agency returned messages from AP asking about the noodles conspiracy and the other athlete who Li suggested had been contaminated by them. Meanwhile, 11 of the swimmers who originally tested positive competed at the Paris Games earlier this year in a meet held under the cloud of the Chinese doping case. Though WADA considers the case closed, Koehler and others point to situations like this as one of many reasons that an investigation by someone other than Cottier, who was hired by WADA, is still needed. "It gives the appearance that people are just making things up as they go along on this, and hoping the story just goes away," Koehler said. "Which clearly it has not." Get local news delivered to your inbox!
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US left facing a difficult situation in Syria as rebels make massive advances against Assad regimeShare Tweet Share Share Email Back in November 2016, Jack Maddox, a science teacher from Wyoming, was drawn into the domain of cryptocurrencies after overhearing a student discussion. Intrigued, he decided to explore further, leading to a decisive move that would dramatically alter his financial future. With an initial investment of $500, Jack placed his bet on Stellar (XLM), driven by strong Stellar price predictions and a personal goal to establish a children’s science center in his community. A year later, Stellar’s value skyrocketed, netting Jack $185,000. Buoyed by this success, he ventured into the Shiba Inu (SHIB) rally with a $1,000 investment, which ballooned into $7.9 million in less than a year. With these extraordinary gains, Jack not only realized his dream of building a science center but also ventured into angel investing to support budding entrepreneurs. Motivated by the returns from Stellar’s price prediction and the Shiba Inu (SHIB) rally, Jack now believes BlockDAG (BDAG) could be the best crypto to buy in 2024, offering potential returns akin to his previous returns. Jack’s Multi-Million Journey: Stellar Beginnings and SHIB Success Jack’s foray into crypto began with a strategic $500 investment in Stellar (XLM) in 2016, when it was priced at merely $0.001811 per coin. Convinced of its potential despite market doubts, he saw Stellar’s price prediction as a promising opportunity, purchasing 276,000 XLM coins. After diligently monitoring Stellar’s progress for over a year, its price climbed to $0.6721 by early 2018, transforming his modest investment into $185,000. While it wasn’t enough to fully fund his science center, it helped him eliminate his debt. In 2021, Jack took a chance on Shiba Inu (SHIB) at its inception, priced incredibly low at $0.00000001. He invested $1,000, catching the Shiba Inu (SHIB) rally at the perfect moment. Within eight months, SHIB’s price jumped to $0.00007923, turning his investment into a staggering $7.9 million. Having achieved his initial dream and empowered others through angel investing, Jack’s experiences with the Stellar price prediction and the Shiba Inu (SHIB) rally have now inspired him to explore opportunities with BlockDAG, anticipating it could mirror the financial successes of his past ventures. BlockDAG’s $20 Projection: Perfect Opportunity for Traders Like Jack Jack Maddox, previously inspired by the Stellar price prediction and the Shiba Inu (SHIB) rally, now sees similar potential in BlockDAG, a burgeoning force in the blockchain domain. Within less than a year, BlockDAG has amassed over $172 million, issued more than 17.5 billion BDAG coins, and yielded an astonishing 22400% ROI for early adopters. Its use of Directed Acyclic Graph (DAG) technology facilitates concurrent transaction processing, effectively addressing the scalability challenges that traditional blockchains face. For cryptocurrency enthusiasts like Jack, BlockDAG offers an exceptional prospect. Market analysts anticipate BDAG could reach a valuation of $20 per coin by 2027. With Jack’s upcoming strategy of contributing $10,000 at the current presale price of $0.0234, his stake could potentially escalate to an impressive $8.5 million. This growth prospect positions BlockDAG as one of the best crypto to buy in 2024 . Community Engagement & AMAs: Catalysts for BlockDAG’s Ascension A defining trait of BlockDAG is its steadfast dedication to community engagement. Through regular AMAs (Ask Me Anything), the project ensures transparency and keeps its community informed and involved. BlockDAG enriches its community with attractive opportunities like the BDAG400 offer, which consists of a five-tiered bonus system that escalates rewards for participants. Starting with a 250% bonus on the first purchase and a 270% on the second, the scheme intensifies engagement. Further bonuses are cleverly concealed within mystery chests, enhancing rewards for ongoing involvement. This strategy not only echoes the fervor observed during the Shiba Inu rally but also strengthens BlockDAG’s standing as a user-centric project poised for widespread adoption. The Bottom Line Jack Maddox’s evolution from a high school teacher to a crypto millionaire exemplifies the transformative impact of strategic early investments. His successful ventures guided by Stellar’s price prediction and participation in the Shiba Inu (SHIB) rally have afforded him financial independence and the means to pursue his passions. Now, Jack is convinced that BlockDAG holds the potential for similarly transformative returns. With its pioneering technology, growing community, and impressive presale achievements, BlockDAG is stirring excitement akin to what once boosted Stellar and Shiba Inu. For those aiming to emulate Jack’s financial success, BlockDAG presents as the best crypto to buy in 2024. However, this opportunity is fleeting—interested parties should act swiftly to seize this promising venture. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Related Items: BlockDAG , press release Share Tweet Share Share Email Recommended for you How Stellar’s Forecast & SHIB’s Surge Changed a Teacher’s Life—Is BlockDAG His Next Win? BlockDAG’s X1 Miner App Crosses 300K Users, Stealing the Spotlight as BNB Price Targets $3K – What’s Next for XRP? 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It’s that time of year when proposed budget numbers get floated for towns and school boards to consider, with details now being presented in workshops for the weeks ahead. That includes Londonderry, where the budget work is underway to study all things in the school district and where money can be best spent while striving to keep taxpayers and their wallets happy. Superintendent Dan Black presented his hundreds of pages outlining his fiscal 2026 budget proposal before the school board at a meeting on Nov. 26, an early look at some numbers and how money might be spent in the most fiscally responsible way possible. Black’s proposed $89,116,875 number is a responsible one, he said at the meeting. That number does not include any warrant articles that may appear on the ballot next March. How to bring full-day kindergarten to town remains a priority, officials said. In addition to kindergarten, it’s also a hope to convince voters to approve a plan that includes bringing the district’s school administrative offices to a new location so as not to have to continue to pay to lease space on Kitty Hawk Landing. Last year, a warrant article had asked voters to approve a $34.2 million project to expand Moose Hill, but failed to pass at the polls. Now updated plans for how to move forward will be proposed to voters at the polls next March, a more pared down project that could cost less. Black said the proposed numbers are less than last year, but still maintain the quality of education in Londonderry for its students. “It’s a very solid plan,” Black said at the meeting. The superintendent said he is optimistic about how voters will receive the updated Moose Hill full-day kindergarten and SAU office plan. Black said the budget numbers he put forward showed ways to find efficiency with personnel, shifting programs and staff and making sure all district goals remain intact. There have been “tough” decisions made, the superintendent added. In addition to the proposed operating budget, warrant articles could include several requests that appear every year including money to support buildings and grounds, technology, equipment, and money for vehicles/machinery. Black said he remained very hopeful voters will support the budget and the Moose Hill, full-day kindergarten plan along with a new SAU location project. “I’m planning for a positive vote,” Black said at a recent meeting. And if it didn’t pass, Black said that would be a conversation for next year’s budget process. School board officials along with administration and budget committee members will continue workshops in the weeks ahead prior to finalizing numbers by Jan. 7. Meetings to follow include a public hearing on the budget on Jan. 14; Feb. 7 is the annual Deliberative Session at Londonderry High School and voters head to the polls on March 11. ldnews@unionleader.com