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BUFFALO, N.Y. (WKBW) — The St. Bonaventure community is beaming with pride following the big announcement that Bonaventure and WWE have struck a multi-year deal that includes a new legacy title and potential Name Image and Likeness (NIL) opportunities. "It's exciting and the reaction of our fans, our alumni base has been tremendous," said Adrian Wojnarowski, the general manager of St. Bonaventure's men's basketball team. Wojnarowski says this all stems from a relationship he has with the president of WWE, Nick Khan. "He was one of my agents at CAA back before he made the move over to WWE. And so when I went back to Bonaventure in the general manager role, it was a conversation we started right away to create a partnership between St. Bonaventure, St. Bonaventure basketball, St. Bonaventure athletics and WWE. Wojnarowski also spoke about some of the plans the university has for the belt with its sports teams and social media. You can watch the entire interview with Michael Wooten in the video at the top of the page. St. Bonaventure joins other institutions such as Notre Dame, Michigan, LSU, Penn State, Texas and LSU with WWE legacy title belt partnerships.
Three-game skid over, NC State faces winless Coppin State
Daily Dose of Social Media: Swiatek’s proud message after BJK Cup, Jannik Sinner and Chris Evert praised Italy's titleALBUQUERQUE, N.M. (AP) — Jurors in New Mexico have awarded a man more than $412 million in a medical malpractice case that involved a men’s health clinic that operates in several states. The man’s attorneys celebrated Monday’s verdict, saying they are hopeful it will prevent other men from falling victim to a scheme that involved fraud and what they described as dangerous penile injections. They said the jury award for punitive and compensatory damages is likely the largest in history for a medical malpractice case. The award follows a trial held in Albuquerque earlier this month that centered on allegations outlined in a lawsuit filed by the man’s attorneys in 2020. NuMale Medical Center and company officials were named as defendants. According to the complaint, the man was 66 when he visited the clinic in 2017 in search of treatment for fatigue and weight loss. The clinic is accused of misdiagnosing him and unnecessarily treating him with “invasive erectile dysfunction shots” that caused irreversible damage. “This out of state medical corporation set up a fraudulent scheme to make millions off of conning old men by scaring them with a fake test,” Nick Rowley, the man’s attorney, wrote in a social media post that detailed the verdict. Rowley went on to say that the scheme involved clinic workers telling patients they would have irreversible damage if they didn’t agree to injections three times a week. NuMale Medical Center President Brad Palubicki said in a statement issued Tuesday that the company is committed to high-quality and safe patient care. He said NuMale disagrees with the verdict and intend to pursue all available legal remedies, including an appeal. A message seeking additional comment was left Wednesday with the company and its attorney. NuMale also has clinics in Colorado, Florida, Illinois, Nevada, Nebraska, North Carolina and Wisconsin. According to court records, jurors found that fraudulent and negligent conduct by the defendants resulted in damages to the plaintiff. They also found that unconscionable conduct by the defendants violated the Unfair Practices Act.
The new hockey season is almost here! There’s still almost a week before the puck drops, but it’s a perfect time to start rolling out our preseason coverage. Grab a pen. It’s time to mark your calendars. Here are the most important dates to keep an eye on during the 2024-25 girls and boys hockey seasons. This will be updated once more Cup and county final dates are announced. 2024-25 DATES TO KEEP 11/25 - First practices 12/2 - Competition starts 1/27 - Egan Cup Final at ProSkate 2/10 - McMullen Cup Final at Codey Arena, 5 pm 2/10 - Kelly Cup Final at Codey Arena, 7:30 pm 2/10 - Haas Cup Final at Mennen Arena, 4:30 pm 2/10 - Halvorsen Cup Final at Mennen Arena, 6:30 pm 2/10 - Mennen Cup Final at Mennen Arena, 8:30 pm 2/12 - McInnis Cup Final at Codey Arena, 5 pm 2/12 - Gordon Cup Final at Codey Arena, 7:30 pm 2/13 - Annis Cup Final at Codey Arena, 4 pm 2/13 - Cohen Cup Final at Codey Arena, 6 pm 2/13 - Librera Cup Final at Codey Arena, 8 pm 2/15 - State tournament cutoff 2/16 - PowerPoints close 2/18 - State tournament seeding meeting 2/24 - Public, Public Co-Op state tournaments first round 2/25 - First round boys Non-Public state tournament 2/25 - First round girls state tournament 2/27 - Public, Public Co-Op state tournaments second round 2/28 - Non-Public state tournament quarterfinal round 2/28 - Girls state tournament quarterfinal round 3/3 - Public, Public Co-Op state tournaments sectional semifinal round 3/5 - Non-Public tournament semifinals 3/5 - Girls tournament semifinals 3/6 - Public sectional finals at Codey Arena 3/6 - Public Co-Op sectional finals at Mennen Arena 3/10 - State finals at Prudential Center RECOMMENDED • nj .com Charli XCX tour 2025: How to get the cheapest tickets if you missed the presale Nov. 26, 2024, 12:45 p.m. Charli XCX tour 2025: How to get tickets to her 5 date arena tour Nov. 25, 2024, 6:05 p.m. Brian Bobal may be reached at bbobal@njadvancemedia.com . Follow him on X at @BrianBobal . The N.J. High School Sports newsletter now appears in mailboxes 5 days a week. Sign up now! Follow us on social: Facebook | Instagram | X (formerly Twitter )League fines Hawks $100,000 for Young missing NBA Cup game
A campground is expanding with 43 new hotel rooms and 18 homes, all built by a massive 3D printer. Leaders from two of the nation's top construction trade groups told Fox News Digital they are looking forward to the new Trump administration with hopes their industry will be burdened by fewer regulations and policies enacted under President Biden that they said stymied additional growth in their sector. On Monday, the Biden administration touted the addition of 1.6 million new construction and manufacturing jobs. However, Ben Brubeck, vice president of regulatory affairs for the Associated Builders and Contractors, cautioned that beneath this seemingly big announcement, "the growth can be much better if we're in the right economic and policy environment." Brubeck said his association's members have broadly indicated disappointment at the opportunities available to them under various Biden administration programs, including the Infrastructure Investment and Jobs Act (IJA), the CHIPS and Science Act (CHIPS), the Inflation Reduction Act (IRA) and the American Rescue Plan Act (ARPA). "We survey our members on a pretty regular basis, and the number of members who reported participation in the IJA- and CHIPS- and IRA- and ARPA-funded projects has been pretty — it's been low," Brubeck said. "It's been less than expected." WHITE HOUSE INSISTS BIDEN, HARRIS HAVE ‘ONE OF MOST SUCCESSFUL ADMINISTRATIONS IN HISTORY’ DESPITE 2024 LOSS Carpenters frame a roof on a new home under construction in Nesconset, N.Y., Feb. 6, 2018. (John Paraskevas/Newsday RM vis Getty Images) Brubeck pointed to the fact that it has taken a long time for the money from these programs to be disbursed due to burdensome regulations, such as permitting requirements. He also pointed to oppressive labor policies, such as project labor agreements and increased borrowing costs as other elements that have added to less growth than could have been seen otherwise under President Biden. Brian Turmail, the vice president of public affairs and workforce for the Associated General Contractors of America, also noted the failure of Biden's major construction investments due to regulations and review processes. BIDEN ADMIN AIMS TO PUSH TOWNS, CITIES TO ADOPT GREEN ENERGY BUILDING CODES: ‘VERY SUSPICIOUS’ President Biden speaks with members of Ironworkers Local 5 after signing an executive order on project labor agreements at the union's training hall Feb. 4, 2022, in Upper Marlboro, Md. (Getty Images) "Our analysis is [the Biden administration] kind of got in their own way affecting the market, because they couldn't help themselves but to put in so many kinds of social and environmental rules on top of their funding that they slowed down the progress they so desperately wanted to see," Turmail said. He also pointed out that the administration "put a lot of new strings" on semiconductor plant construction that has stymied growth. Turmail and Brubeck said they have hopes growth in the construction sector will ramp up under the Trump administration as companies manage their way through federal requirements enacted under Biden and see others potentially rolled back. I HAD A JOB ON THE KEYSTONE XL PIPELINE UNTIL BIDEN FIRED ME TO SATISFY CLIMATE EXTREMISTS President Biden was widely criticized for his "garbage" remark about former President Trump's supporters. (Getty Images) "The irony is that, by the time President Trump comes back into office, we do anticipate a big bump up in infrastructure construction," Turmail said. "Because all those projects where they've announced funding over the last two to three years will finally clear their environmental hurdle and begin construction." CLICK HERE TO GET THE FOX NEWS APP "Our federal contractors are completely on the sidelines right now for these large-scale projects, and this all started at the beginning of the year in January," Brubeck added. "So, they're really excited for the potential of regulatory relief on the horizon as a result of the Trump administration coming in." The White House did not provide Fox News Digital with an on-the-record comment in time for publication.New Mexico man awarded $412 million medical malpractice payout for botched injections
Middle East latest: Syrians celebrate Assad's fall as US seeks a peaceful political transition
Stock market today: Wall Street slips at the end of a bumpy weekSANTA CLARA, Calif. (AP) — De'Vondre Campbell's decision to quit on his team in the middle of a game overshadowed the bigger issues for the San Francisco 49ers. An offense that was one of the most dynamic in the NFL during a run to the Super Bowl last season has been just ordinary for most of 2024 and was downright bad in a 12-6 loss to the Los Angeles Rams on Thursday night that just about ended San Francisco's playoff hopes. San Francisco (6-8) was held to its fewest yards (191) in a regular-season game in eight seasons under coach Kyle Shanahan and its fewest points since Shanahan's debut in 2017 on a rainy night that will be remembered mostly for Campbell walking off the field in the middle of the game with a towel draped over his head. The game also featured San Francisco going three-and-out on four drives as Brock Purdy struggled to connect with his receivers. Deebo Samuel dropped a potential touchdown pass after complaining earlier in the week about a lack of touches. Purdy then missed Ricky Pearsall on an underthrown deep shot in the fourth quarter before throwing an interception into the end zone that ended the Niners' comeback attempt. “I just feel like I had a lot of plays left out there that I could have made for our team,” Purdy said. “I thought the defense and special teams played so good. That’s what’s hurting me is I just feel like I failed the team. I could have been better for our offense and we could have put up more points.” Scoring has been an issue this season for the 49ers, who have been missing key playmakers like Christian McCaffrey and Brandon Aiyuk for much of the season. San Francisco is scoring 8.5 fewer points per game on offense than the Niners did through 14 games last season. Red-zone defense. After allowing touchdowns on 13 consecutive red-zone drives over the previous four games, the 49ers kept the Rams out of the end zone on all three drives that went inside the 20. Receivers. The 49ers failed to get much production from their wide receivers with Purdy going 6 for 20 for 63 yards with an INT and a 19.4 rating when targeting wideouts. Samuel had 16 yards on seven targets with the key drop. Jauan Jennings had two drops and was the target on the interception. Pearsall had one catch for 16 yards on four targets. LB Dre Greenlaw returned for the first time since tearing his left Achilles tendon in last season's Super Bowl. Greenlaw had eight tackles in the first half as he brought needed intensity and physical play that had been missing for much of the season. Campbell. The 49ers are deciding whether to waive or suspend Campbell, who lost his starting job when Greenlaw returned and then refused to play when he was needed. “His actions from the game just is not something you can do to your team or your teammates and still expect to be a part of our team,” Shanahan said. “We’re working through exactly the semantics of it right now, but we’ll handle the situation appropriately.” Greenlaw came out of the game feeling OK after leaving with soreness in his knee and Achilles tendon. He is day to day. ... S Ji’Ayir Brown (groin) and LB Dee Winters (neck) are also day to day. ... LT Trent Williams (ankle) is still trying to get back to play after missing the last four games. Shanahan said Williams' recovery has been "a lot slower than anticipated.” 0 — The Niners didn't reach the red zone once all game, with their deepest penetration into Rams territory being when they reached the 27 on a third-quarter field goal drive. This marked the first time since Week 11 in 2010 that the 49ers didn't run a single play inside the opponent's 25. The 49ers visit Miami on Dec. 22. AP NFL: https://apnews.com/hub/NFL
The Indianapolis Colts (5-7) failed to capitalize on a day when the Houston Texans lost to the Tennessee Titans after they fell to the Detroit Lions (10-1) in a 24-6 game. This contest felt closer than the final score indicated. The Indy offense struggled to punch it in the endzone in the first half and settled for two field goals. On the second one, they should have had a touchdown, but Drew Ogletree dropped the ball when he would have walked into the endzone. In addition to not succeeding in the redzone, the offense struggled to stay on the field in third-down situations and had way too many self-inflected wounds with penalties that negated explosive plays. The defense wasn't perfect but they held the Lions to 24 points, Detroit was averaging 33.6 PPG heading into this matchup. They gave the offense opportunities in the second half to make it a closer game but in the end, it wasn't enough for Indianapolis. Here's everything we know from the Colts' Week 12 loss to the Lions: Colts vs. Lions final score, game recap Week 12 Final Score: Lions 24, Colts 6 Q1 Q2 Q3 Q4 Final DET 0 14 7 3 24 IND 3 3 0 0 6 Keys to the Game Drew Ogletree's brutal drop on the would-be touchdown. It would have made it a 10-7 lead for the Colts and they would have at least been down 14-10 at halftime. The Indy defense forced two straight punts after going down 21-6. They got no help from the offense, who had two straight three-and-outs. That was the team's opportunity to pull off a comeback. The difference on third downs for both teams. The Colts were 3-of-12 on third downs while the Lions were nine-of-15 on third downs. A season-high 10 penalties for Indianapolis. 97 yards were negated for the offense by penalties. Some were highly questionable calls by the refs. Stars of the Game Biggest Takeaway The offensive line let the team down today. It certainly doesn't help when you have three rookies in the lineup but that unit lost the battle in the trenches. The rushing lanes for Jonathan Taylor were slim to non-existent. He averaged 3.2 YPC, which put the offense in undesirable third-down situations. Anthony Richardson was under constant pressure and on some of his missed throws, he couldn't step into his release and took a shot doing so. Ideally when Bernhard Raimann returns it will elevate the unit but there needs to be a conversation if Dalton Tucker should continue at right guard. He got beat often by Alim McNeill. Per Next Gen Stats, McNeill generated four quick pressures (under two-and-a-half seconds), tied for the most by any defensive tackle in a game in 2024. Quick Hits Per Next Gen Stats , Anthony Richardson completed only two-of-14 passes for 33 yards when the Lions pressured him, compared to nine-of-14 passes for 139 yards with a clean pocket. Detroit generated pressure on 14 of 30 dropbacks for a 46.7% pressure rate (their highest in a game this season). Per Next Gen Stats, The Colts utilized zone coverage on 39 of 40 dropbacks (97.5%), the highest rate by any team in a game this season. Injuries Bernhard Raimann (knee) was inactive. Ashton Dulin left the game with an ankle injury and was ruled out. What's next? The Colts are on the road in Week 13 to play the New England Patriots (3-9). MORE NFL: Colts named landing spot for 49ers' All-Pro safetyUs Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! Do you ever feel like your teeth look and feel dingy? We get it. Over the years, our teeth can lose their glimmer and shine, which is why it’s imperative to invest in whitening strips that can take the guesswork out of your dental hygiene routine. 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(NASDAQ: ADSK) today reported financial results for the third quarter of fiscal 2025. All growth rates are compared to the third quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. For definitions, please view the Glossary of Terms later in this document. Third Quarter Fiscal 2025 Financial Highlights "Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there's more to come in the next phase," said Andrew Anagnost , Autodesk president and CEO. "We will continue to deploy capital to offset and buy forward dilution, a practice which has reduced our share count over the last three years, and have significantly extended the duration of our repurchase program by increasing our stock repurchase authorization. Our goal is to deliver sustainable shareholder value over many years." "We generated broad-based underlying growth across products and regions. Overall, macroeconomic, policy, and geopolitical challenges, and the underlying momentum of the business, were consistent with the last few quarters with continued strong renewal rates and headwinds to new business growth," said Betsy Rafael , Autodesk interim CFO. "Given Autodesk's sustained momentum in the third quarter, and smooth launch of the new transaction model in Western Europe , we are raising the midpoints of our billings, revenue, margins, earnings per share, and free cash flow guidance ranges." Additional Financial Details Third Quarter Fiscal 2025 Business Highlights Net Revenue by Geographic Area Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year Constant currency change compared to prior fiscal year (In millions, except percentages) $ % % Net Revenue: Americas U.S. $ 579 $ 520 $ 59 11 % * Other Americas 126 120 6 5 % * Total Americas 705 640 65 10 % 11 % EMEA 580 516 64 12 % 13 % APAC 285 258 27 10 % 14 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % 12 % ____________________ * Constant currency data not provided at this level. Net Revenue by Product Family Our product offerings are focused in four primary product families: Architecture, Engineering and Construction ("AEC"), AutoCAD and AutoCAD LT, Manufacturing ("MFG"), and Media and Entertainment ("M&E"). Three Months Ended October 31, 2024 Three Months Ended October 31, 2023 Change compared to prior fiscal year (In millions, except percentages) $ % AEC $ 751 $ 675 $ 76 11 % AutoCAD and AutoCAD LT 398 372 26 7 % MFG 307 269 38 14 % M&E 83 73 10 14 % Other 31 25 6 24 % Total Net Revenue $ 1,570 $ 1,414 $ 156 11 % Business Outlook The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties, some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the fourth quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below or in the tables following this press release. Fourth Quarter Fiscal 2025 Q4 FY25 Guidance Metrics Q4 FY25 (ending January 31, 2025) Revenue (in millions) $1,623 - $1,638 EPS GAAP $1.21 - $1.27 EPS non-GAAP (1) $2.10 - $2.16 ____________________ (1) Non-GAAP earnings per diluted share excludes $0.85 related to stock-based compensation expense, $0.17 for the amortization of both purchased intangibles and developed technologies, and $0.05 for acquisition-related costs, partially offset by ($0.18) related to GAAP-only tax charges. Full Year Fiscal 2025 FY25 Guidance Metrics FY25 (ending January 31, 2025) Billings (in millions) $5,900 - $5,980 Up 14% - 15% Revenue (in millions) (1) $6,115 - $6,130 Up approx. 11% GAAP operating margin 21.5% - 22% Non-GAAP operating margin (2) 35.5% - 36% EPS GAAP $4.95 - $5.01 EPS non-GAAP (3) $8.29 - $8.35 Free cash flow (in millions) (4) $1,470 - $1,500 ____________________ (1) Excluding the impact of foreign currency exchange rates and hedge gains/losses, revenue guidance range would be approximately 1 percentage point higher. (2) Non-GAAP operating margin excludes approximately 11% related to stock-based compensation expense, approximately 2% for the amortization of both purchased intangibles and developed technologies, and approximately 1% related to acquisition-related costs. (3) Non-GAAP earnings per diluted share excludes $3.15 related to stock-based compensation expense, $0.61 for the amortization of both purchased intangibles and developed technologies, $0.23 related to acquisition-related costs, and $0.04 related to losses on strategic investments, partially offset by ($0.69) related to GAAP-only tax charges. (4) Free cash flow is cash flow from operating activities less approximately $30 million of capital expenditures. The fourth quarter and full-year fiscal 2025 outlook assume a projected annual effective tax rate of 20 percent and 19 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings. Earnings Conference Call and Webcast Autodesk will host its third quarter conference call today at 5 p.m. ET . The live broadcast can be accessed at autodesk.com/investor . A transcript of the opening commentary will also be available following the conference call. A replay of the broadcast will be available at 7 p.m. ET at autodesk.com/investor . This replay will be maintained on Autodesk's website for at least 12 months. Investor Presentation Details An investor presentation, Excel financials and other supplemental materials providing additional information can be found at autodesk.com/investor . Key Performance Metrics To help better understand our financial performance, we use several key performance metrics including billings, recurring revenue and net revenue retention rate. These metrics are key performance metrics and should be viewed independently of revenue and deferred revenue. These metrics are not intended to be combined with those items. We use these metrics to monitor the strength of our recurring business. We believe these metrics are useful to investors because they can help in monitoring the long-term health of our business. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP. Glossary of Terms Billings: Total revenue plus the net change in deferred revenue from the beginning to the end of the period. Cloud Service Offerings : Represents individual term-based offerings deployed through web browser technologies or in a hybrid software and cloud configuration. Cloud service offerings that are bundled with other product offerings are not captured as a separate cloud service offering. Constant Currency (CC) Growth Rates: We attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates as well as eliminating hedge gains or losses recorded within the current and comparative periods. We calculate constant currency growth rates by (i) applying the applicable prior period exchange rates to current period results and (ii) excluding any gains or losses from foreign currency hedge contracts that are reported in the current and comparative periods. Design Business: Represents the combination of maintenance, product subscriptions, and all EBAs. Main products include, but are not limited to, AutoCAD, AutoCAD LT, Industry Collections, Revit, Inventor, Maya and 3ds Max. Certain products, such as our computer aided manufacturing solutions, incorporate both Design and Make functionality and are classified as Design. Enterprise Business Agreements (EBAs): Represents programs providing enterprise customers with token-based access to a broad pool of Autodesk products over a defined contract term. Flex: A pay-as-you-go consumption option to pre-purchase tokens to access any product available with Flex for a daily rate. Free Cash Flow: Cash flow from operating activities minus capital expenditures. Industry Collections: Autodesk Industry Collections are a combination of products and services that target a specific user objective and support a set of workflows for that objective. Our Industry Collections consist of: Autodesk Architecture, Engineering and Construction Collection, Autodesk Product Design and Manufacturing Collection, and Autodesk Media and Entertainment Collection. Maintenance Plan: Our maintenance plans provide our customers with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance plans, customers are eligible to receive unspecified upgrades when and if available, and technical support. We recognize maintenance revenue over the term of the agreements, generally one year. Make Business: Represents certain cloud-based product subscriptions. Main products include, but are not limited to, Assemble, Autodesk Build, BIM Collaborate Pro, BuildingConnected, Fusion, and Flow Production Tracking. Certain products, such as Fusion, incorporate both Design and Make functionality and are classified as Make. Net Revenue Retention Rate (NR3): Measures the year-over-year change in Recurring Revenue for the population of customers that existed one year ago ("base customers"). Net revenue retention rate is calculated by dividing the current quarter Recurring Revenue related to base customers by the total corresponding quarter Recurring Revenue from one year ago. Recurring Revenue is based on USD reported revenue, and fluctuations caused by changes in foreign currency exchange rates and hedge gains or losses have not been eliminated. Recurring Revenue related to acquired companies, one year after acquisition, has been captured as existing customers until such data conforms to the calculation methodology. This may cause variability in the comparison. Other Revenue: Consists of revenue from consulting, and other products and services, and is recognized as the products are delivered and services are performed. Product Subscription: Provides customers a flexible, cost-effective way to access and manage 3D design, engineering, and entertainment software tools. Our product subscriptions currently represent a hybrid of desktop and cloud functionality, which provides a device-independent, collaborative design workflow for designers and their stakeholders. Recurring Revenue: Consists of the revenue for the period from our traditional maintenance plans, our subscription plan offerings, and certain Other revenue. It excludes subscription revenue related to third-party products. Recurring revenue acquired with the acquisition of a business is captured when total subscriptions are captured in our systems and may cause variability in the comparison of this calculation. Remaining Performance Obligations (RPO): The sum of total short-term, long-term, and unbilled deferred revenue. Current remaining performance obligations is the amount of revenue we expect to recognize in the next twelve months. Solution Provider : Solution Provider is the name of our channel partners who primarily serve our new transaction model customers worldwide. Solution Providers may also be resellers in relation to Autodesk solutions. Spend : The sum of cost of revenue and operating expenses. Subscription Plan: Comprises our term-based product subscriptions, cloud service offerings, and EBAs. Subscriptions represent a combined hybrid offering of desktop software and cloud functionality which provides a device-independent, collaborative design workflow for designers and their stakeholders. With subscription, customers can use our software anytime, anywhere, and get access to the latest updates to previous versions. Subscription Revenue: Includes our cloud-enabled term-based product subscriptions, cloud service offerings, and flexible EBAs. Unbilled Deferred Revenue: Unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans for subscription, services, and maintenance for which the associated deferred revenue has not been recognized. Under FASB Accounting Standards Codification ("ASC") Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Condensed Consolidated Balance Sheet. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Our estimates as to tax rate are based on current interpretations of existing tax law and could be affected by changing interpretations, further guidance, and additional tax legislation. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. About Autodesk The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk uses its investors.autodesk.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts. Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. © 2024 Autodesk, Inc. All rights reserved. Autodesk, Inc. Condensed Consolidated Statements of Operations (In millions, except per share data) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) Net revenue: Subscription $ 1,457 $ 1,314 $ 4,195 $ 3,777 Maintenance 9 12 31 40 Total subscription and maintenance revenue 1,466 1,326 4,226 3,817 Other 104 88 266 211 Total net revenue 1,570 1,414 4,492 4,028 Cost of revenue: Cost of subscription and maintenance revenue 105 94 305 285 Cost of other revenue 19 21 57 62 Amortization of developed technologies 23 12 62 34 Total cost of revenue 147 127 424 381 Gross profit 1,423 1,287 4,068 3,647 Operating expenses: Marketing and sales 525 439 1,474 1,344 Research and development 378 339 1,092 1,021 General and administrative 161 165 477 438 Amortization of purchased intangibles 13 10 37 31 Total operating expenses 1,077 953 3,080 2,834
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