VoltDB Launches Active(N) Lossless Cross Data Center Replication

Patented Capability Allows VoltDB Data Platform to Replicate Data Across More Than Three Data Centers at Once While Mitigating Data Conflicts

BEDFORD, Mass., Aug. 31, 2021 /PRNewswire/ — In direct response to the needs of its key customers, working with some of the biggest telco operators in the market, VoltDB, the leading enterprise-grade data platform built to enable fast-data decisioning, today announced the introduction of its Active(N)tm Lossless Cross Data Center Replication (XDCR). Active(N) Lossless XDCR will give telcos and enterprises seeking to build 5G use cases a huge advantage by increasing their networks’ resilience against outages and security risks, as well as adding extra protection against data loss.

Active(N) Lossless XDCR replicates data in real time across up to four or more data centers at once, allowing for “five nines” (ie, 99.999%) availability, which is quickly becoming a must-have in the age of 5G.

“We have just raised the bar on data consistency, resiliency, and scalability,” said VoltDB Chief Product Officer Dheeraj Remella. “We can now offer a level of data center replication that no other data platform can offer, and that truly enables enterprises to have foolproof uptime and resiliency built  into their architecture so that they can significantly increase their success in 5G monetization.”

5G’s promise of ultra-low latency is creating new use cases that are forcing data to be both immediately available and consistent, regardless of a user’s location. This new paradigm is inevitably leading to data conflicts. VoltDB’s unique XDCR solution will provide telcos and enterprises with the unique possibility to resolve conflicts at both the application level and the database level, in order to maintain data resiliency and consistency, even at sub-10-millisecond latencies and regardless of where the data is stored, in single or with multiple data centers.

“Anyone can do transactions quickly,” Remella said. “We enable our customers with the capabilities to do them quickly while still observing and then fixing the inevitable conflicts that arise when the same record is changed in multiple data centers at the same time. This puts telcos and enterprises that use VoltDB in a very unique position to provide unprecedented protection against data-center failure and cyber-attacks, while also providing insanely fast data-access for their globally distributed applications, including the mission-critical ones.”

With Active(N) Lossless XDCR, VoltDB enriches their enterprise grade data platform with an unprecedented functionality to help customers differentiate in the roadmap towards automation and digital transformation and to build robust networks that allow for faster 5G use case deployment and monetization.

For more information on VoltDB, visit www.voltdb.com/why-voltdb/activen-xdcr/.

About VoltDB
VoltDB empowers enterprise-grade applications to ingest, process, and act on data in single-digit milliseconds to tap into new revenue streams and prevent revenue loss. With industry-leading customers in telecommunications, finance, gaming, and many other verticals, the VoltDB Data Platform is uniquely positioned to be the go-to technology for any company seeking to take full advantage of 5G, IoT, and whatever comes next.

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Ghana Public Health Sector Enables Efficient COVID-19 Response Readiness with GhiLMIS

One Network and S4D Consulting worked together to ensure Ghana Public Health Sector supply chain capability outputs with COVID-19 supply chain needs.

DALLAS, Aug. 31, 2021 /PRNewswire/ — One Network Enterprises (ONE), the leading global provider of supply chain control towers and the Digital Supply Chain Network™, is pleased to announce that the Ghana Ministry of Health has utilized the Ghana Integrated Logistics Management Information System, known as GhiLMIS, to help successfully meet and address COVID-19 supply chain needs. The comprehensive implementation process of GhiLMIS shifted the focus from manual reporting systems to the usage of data delivered from the network, to make more informed decisions. This has had significant positive impacts on operations in the shortest period of time which enabled, and continues to enable, COVID-19 response readiness.

One Network Enterprises (ONE) is the global provider of a secure, and scalable multi-party network in the cloud.

With the Government of Ghana’s high commitment to the COVID-19 pandemic response, their plan was to procure and distribute the appropriate medicines and supplies for the early treatment of cases that would reduce morbidity and mortality. Key to achieving this was GhiLMIS. The system has been able to capture and process COVID-19 related transactions through the entire value chain while tracking and tracing COVID-19 items throughout the supply chain. Data derived from the system has been leveraged to enable informed decisions for demand and supply planning and scenario modeling, distribution segmentation and demand prioritization.

GhiLMIS, built on the One Network NEO platform, provides an electronic logistics management information system that connects more than 1500 medical facilities across the country on the One Network Digital Supply Chain Networktm.  The project was funded by the Global Fund and its successful implementation, managed by S4D Consulting, was based on a patient centric approach that ensured data quality while improving and optimizing operational performance and reducing supply chain costs.

The system has been instrumental in producing:

  1. Improved planning and decision making to address the country’s COVID-19 needs and address pandemic disruptions to the entire supply chain;
  2. Better execution of supply and demand planning utilizing intelligent demand and replenishment sensing engines;
  3. A supply chain that is agile and responsive to all disruptions brought on by COVID-19;
  4. Multi-tier collaboration to ensure responsiveness to customer needs in real time;
  5. A business intelligence engine that provides prescriptive and predictive analytics to different scenarios and;
  6. Establishment of a foundation for future growth.

“When we did our initial systems evaluation, we realized we had over 100 different systems. There was no portability of the data, there was no standardization, there was no visibility which was hampering our efforts,” said Samuel Ampomah, Head of IT, Ghana Ministry of Health. “The logistics management information system was designed to help address these challenges. The Ministry of Health now has a clear strategy to move toward data standardization. The GhiLMIS provides the capability of interfacing with every system which enhances data exchange, standardizing the data to enable real time reporting and access to data that enables us to make informed decisions.”

“Today real time logistics and transactional data, is generated by the click of the button addressing operational inefficiencies that existed prior to the system implementation,” said Bernard Asamany, Deputy Director, Supplies, Stores and Drugs Management Division, Ghana Health Services.

“The Ghana Ministry of Health did a fantastic job getting all their partners and staff up to speed and deployed quickly on GhiLMIS,”  said said Greg Brady, Founder and Chairman of One Network Enterprises. “As a fully deployed digitized, country wide network, GhiLMIS has enabled the Ghana MoH to react quickly and fully support COVID-19 pandemic response measures.  In addition, they are well prepared to take on other relief measures that may come up in the future to best serve their population.”

“The interruptions caused by the pandemic created a critical need to ensure that the Ghana’s public health supply chain are activated,” said Philip Lule, GhilMIS implementation lead and CEO for Systems for Development (S4D). “It emphasized the need to ensure an agile and responsive supply chain management system, that is both effective and efficient in fighting any disruptions future and current. It highlighted how data plays a critical role in addressing supply chain needs, creates agile opportunities and facilitates resilience.”

One Network Health Logistics Management Systems and Digital Supply Chain Networktm are contributing to positive results to improve supply chain efficiencies in Rwanda, Ghana, and Nigeria, connecting thousands health care facilities that service the health care needs of more than 250 million people throughout these countries.

Learn more about the GhiLMIS project.

About One Network Enterprises
One Network is the leading global provider of supply chain control towers and the Digital Supply Chain Networktm. It is the only available solution that gives supply chain managers and executives end-to-end visibility with a single version of the truth, from inbound supply to outbound order fulfillment and logistics, matching demand with available supply in real-time. This multitier, multiparty digital platform helps optimize and automate planning and execution across the entire supply chain network.

Powered by NEO, One Network’s machine learning and intelligent agent technology, real time predictive and prescriptive analytics autonomously enable industry-leading performance for the highest service levels and product quality at the lowest possible cost. It’s the industry’s only solution with a fully integrated data model that connects companies to their suppliers and all logistics partners, providing a network-wide, real-time single version of the truth. Leading global organizations have joined One Network transforming industries like Retail, Food Service, Consumer Goods, Automotive, Healthcare, Public Sector, Telecom, Defense, and Logistics. Headquartered in Dallas, One Network has offices across the Americas, Europe, and APAC. For more information, please visit www.onenetwork.com.

Contact:
Michelle Gaubert Julia Angelen Joy
One Network Enterprises Interdependence Public Relations
+1 510 316 0590 +1 949 777 2423 x 330
mgaubert@onenetwork.com  julia@interdependence.com 

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CORRECTION – Zoom Reports Financial Results for the Second Quarter of Fiscal Year 2022

  • Second quarter total revenue of $1,021.5 million, up 54% year over year
  • Number of customers contributing more than $100,000 in TTM revenue up 131% year over year
  • Second quarter GAAP operating margin of 28.8% and non-GAAP operating margin of 41.6%

SAN JOSE, Calif., Aug. 30, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) is updating this press release to include the “Amortization on marketable securities” line item in its condensed consolidated statements of cash flows. Complete corrected text follows.

Zoom Video Communications, Inc. (NASDAQ: ZM) today announced financial results for the second fiscal quarter ended July 31, 2021.

“In Q2, we achieved our first billion dollar revenue quarter while delivering strong profitability and cash flow,” said Zoom founder and CEO, Eric S. Yuan. “Q2 also marked several milestones on our expansion beyond the UC platform. We launched Zoom Apps, bringing over 50 apps directly into the Zoom experience, and Zoom Events, an all-in-one digital events service. Today we are a global brand counting over half a million customers with more than 10 employees, which we believe positions us extremely well to support organizations and individuals as they look to reimagine work, communications, and collaboration.”

Second Quarter Fiscal Year 2022 Financial Highlights:

  • Revenue: Total revenue for the second quarter was $1,021.5 million, up 54% year over year.
  • Income from Operations and Operating Margin: GAAP income from operations for the second quarter was $294.6 million, up from $188.1 million in the second quarter of fiscal year 2021. After adjusting for stock-based compensation expense and related payroll taxes, acquisition-related expenses, and expenses related to charitable donation of common stock, non-GAAP income from operations for the second quarter was $424.7 million, up from $277.0 million in the second quarter of fiscal year 2021. For the second quarter, GAAP operating margin was 28.8% and non-GAAP operating margin was 41.6%.
  • Net Income and Diluted Net Income Per Share: GAAP net income attributable to common stockholders for the second quarter was $316.9 million, or $1.04 per share, up from $185.7 million, or $0.63 per share in the second quarter of fiscal year 2021.Non-GAAP net income for the quarter was $415.1 million, after adjusting for stock-based compensation expense and related payroll taxes, acquisition-related expenses, gains on strategic investments, undistributed earnings attributable to participating securities, and expenses related to charitable donation of common stock. Non-GAAP net income per share was $1.36. In the second quarter of fiscal year 2021, non-GAAP net income was $274.8 million, or $0.92 per share.
  • Cash and Marketable Securities: Total cash, cash equivalents, and marketable securities, excluding restricted cash, as of July 31, 2021 was $5.1 billion.
  • Cash Flow: Net cash provided by operating activities was $468.0 million for the second quarter, compared to $401.3 million in the second quarter of fiscal year 2021. Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was $455.0 million, compared to $373.4 million in the second quarter of fiscal year 2021.

Customer Metrics: Drivers of total revenue included acquiring new customers and expanding across existing customers. At the end of the second quarter of fiscal year 2022, Zoom had:

  • 2,278 customers contributing more than $100,000 in trailing 12 months revenue, up approximately 131% from the same quarter last fiscal year.
  • Approximately 504,900 customers with more than 10 employees, up approximately 36% from the same quarter last fiscal year.
  • A trailing 12-month net dollar expansion rate in customers with more than 10 employees above 130% for the 13th consecutive quarter.

Financial Outlook: Zoom is providing the following guidance for its third quarter fiscal year 2022 and its full fiscal year 2022.

  • Third Quarter Fiscal Year 2022: Total revenue is expected to be between $1.015 billion and $1.020 billion and non-GAAP income from operations is expected to be between $340.0 million and $345.0 million. Non-GAAP diluted EPS is expected to be between $1.07 and $1.08 with approximately 309 million non-GAAP weighted average shares outstanding.
  • Full Fiscal Year 2022: Total revenue is expected to be between $4.005 billion and $4.015 billion. Non-GAAP income from operations is expected to be between $1.500 billion and $1.510 billion. Non-GAAP diluted EPS is expected to be between $4.75 and $4.79 with approximately 308 million non-GAAP weighted average shares outstanding.

Additional information on Zoom’s reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom’s results computed in accordance with GAAP.

A supplemental financial presentation and other information can be accessed through Zoom’s investor relations website at investors.zoom.us.

Zoom Video Earnings Call
Zoom will host a Zoom Video Webinar for investors on August 30, 2021 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the company’s financial results and business highlights. Investors are invited to join the Zoom Video Webinar by visiting: https://investors.zoom.us/

About Zoom
Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Forward-Looking Statements
This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the third quarter of fiscal year 2022 and full fiscal year 2022, Zoom’s growth strategy and business aspirations to support organizations and people on multiple fronts as they look to reimagine work, communications and collaboration. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including: declines in new customers and hosts, renewals or upgrades, difficulties in evaluating our prospects and future results of operations given our limited operating history, competition from other providers of communications platforms, continued uncertainty regarding the extent and duration of the impact of COVID-19 and the responses of government and private industry thereto, including the potential effect on our user growth rate once the impact of the COVID-19 pandemic tapers, particularly as a vaccine becomes widely available, and users return to work or school or are otherwise no longer subject to shelter-in-place mandates, as well as the impact of COVID-19 on the overall economic environment, any or all of which will have an impact on demand for remote work solutions for businesses as well as overall distributed, face-to-face interactions and collaboration using Zoom, delays or outages in services from our co-located data centers, and failures in internet infrastructure or interference with broadband access which could cause current or potential users to believe that our systems are unreliable. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission (the “SEC”), including our quarterly report on Form 10-Q for the fiscal quarter ended April 30, 2021. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management’s good faith belief as of that time with respect to future events.  Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Non-GAAP Financial Measures
Zoom has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Zoom uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Zoom’s financial results with other companies in its industry, many of which present similar non-GAAP financial measures.

Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Zoom’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of Zoom’s historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation.

Non-GAAP Income From Operations and Non-GAAP Operating Margins. Zoom defines non-GAAP income from operations as income from operations excluding stock-based compensation expense and related payroll taxes, expenses related to charitable donation of common stock, acquisition-related expenses, and litigation settlements, net. Zoom excludes stock-based compensation expense and expenses related to charitable donation of common stock because they are non-cash in nature and excluding these expenses provides meaningful supplemental information regarding Zoom’s operational performance and allows investors the ability to make more meaningful comparisons between Zoom’s operating results and those of other companies. Zoom excludes the amount of employer payroll taxes related to employee stock plans, which is a cash expense, in order for investors to see the full effect that excluding stock-based compensation expense had on Zoom’s operating results. In particular, this expense is dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of the business. Zoom views acquisition-related expenses when applicable, such as amortization of acquired intangible assets, transaction costs, and acquisition-related retention payments that are directly related to business combinations as events that are not necessarily reflective of operational performance during a period. Zoom excludes significant litigation settlements, net of amounts covered by insurance, that we deem not to be in the ordinary course of our business. In particular, Zoom believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses and assist in the comparison with the results of other companies in the industry.

Non-GAAP Net Income and Non-GAAP Net Income Per Share, Basic and Diluted. Zoom defines non-GAAP net income and non-GAAP net income per share, basic and diluted, as GAAP net income attributable to common stockholders and GAAP net income per share attributable to common stockholders, basic and diluted, respectively, adjusted to exclude stock-based compensation expense and related payroll taxes, expenses related to charitable donation of common stock, acquisition-related expenses, litigation settlements, net, gains on strategic investments, and undistributed earnings attributable to participating securities. Zoom excludes gains on strategic investments because given the size and volatility in the ongoing adjustments to the valuation of our strategic investments, we believe that excluding these gains or losses facilitates a more meaningful evaluation of our operational performance. Zoom excludes undistributed earnings attributable to participating securities because they are considered by management to be outside of Zoom’s core operating results, and excluding them provides investors and management with greater visibility to the underlying performance of Zoom’s business operations, facilitates comparison of its results with other periods and may also facilitate comparison with the results of other companies in the industry.

In order to calculate non-GAAP net income per share, basic and diluted, Zoom uses a non-GAAP weighted-average share count. Zoom defines non-GAAP weighted-average shares used to compute non-GAAP net income per share, basic and diluted, as GAAP weighted average shares used to compute net income per share attributable to common stockholders, basic and diluted, adjusted to reflect the common stock issued in connection with the IPO, including the concurrent private placement, that are outstanding as of the end of the period as if they were outstanding as of the beginning of the period for comparability.

Free Cash Flow. Zoom defines free cash flow as GAAP net cash provided by operating activities less purchases of property and equipment. Zoom considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business.

Customer Metrics
Zoom defines a customer as a separate and distinct buying entity, which can be a single paid host or an organization of any size (including a distinct unit of an organization) that has multiple paid hosts.

Zoom calculates net dollar expansion rate as of a period end by starting with the annual recurring revenue (“ARR”) from all customers with more than 10 employees as of 12 months prior (“Prior Period ARR”). Zoom defines ARR as the annualized revenue run rate of subscription agreements from all customers at a point in time. We then calculate the ARR from these customers as of the current period end (“Current Period ARR”), which includes any upsells, contraction, and attrition. Zoom divides the Current Period ARR by the Prior Period ARR to arrive at the net dollar expansion rate. For the trailing 12 months calculation, Zoom takes an average of the net dollar expansion rate over the trailing 12 months.

Press Relations

Colleen Rodriguez
Global Public Relations Lead for Zoom
press@zoom.us

Investor Relations

Tom McCallum
Head of Investor Relations for Zoom
investors@zoom.us

Zoom Video Communications, Inc.
Condensed Consolidated Balance Sheets
(Unaudited, in thousands)

As of
July 31,
2021
January 31,
2021
Assets
Current assets:
Cash and cash equivalents $ 1,931,370 $ 2,240,303
Marketable securities 3,174,029 2,004,410
Accounts receivable, net 395,266 294,703
Deferred contract acquisition costs, current 162,126 136,630
Prepaid expenses and other current assets 172,288 116,819
Total current assets 5,835,079 4,792,865
Deferred contract acquisition costs, noncurrent 154,971 157,262
Property and equipment, net 193,852 149,924
Operating lease right-of-use assets 91,087 97,649
Strategic investments 137,795 18,668
Goodwill 26,247 24,340
Other assets, noncurrent 69,562 57,285
Total assets $ 6,508,593 $ 5,297,993
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 49,762 $ 8,664
Accrued expenses and other current liabilities 482,162 393,018
Deferred revenue, current 1,154,449 858,284
Total current liabilities 1,686,373 1,259,966
Deferred revenue, noncurrent 23,579 25,211
Operating lease liabilities, noncurrent 83,009 90,415
Other liabilities, noncurrent 57,884 61,634
Total liabilities 1,850,845 1,437,226
Stockholders’ equity:
Preferred stock
Common stock 296 292
Additional paid-in capital 3,440,222 3,187,168
Accumulated other comprehensive income 147 839
Retained earnings 1,217,083 672,468
Total stockholders’ equity 4,657,748 3,860,767
Total liabilities and stockholders’ equity $ 6,508,593 $ 5,297,993

Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $35.4 million and $24.6 million as of July 31, 2021 and January 31, 2021, respectively.

Zoom Video Communications, Inc.
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except share and per share amounts)

Three Months Ended July 31, Six Months Ended July 31,
2021 2020 2021 2020
Revenue $ 1,021,495 $ 663,520 $ 1,977,732 $ 991,687
Cost of revenue 261,256 192,271 526,250 295,978
Gross profit 760,239 471,249 1,451,482 695,709
Operating expenses:
Research and development 82,311 42,734 147,486 69,123
Sales and marketing 271,179 159,173 516,846 280,729
General and administrative 112,146 81,238 266,235 134,368
Total operating expenses 465,636 283,145 930,567 484,220
Income from operations 294,603 188,104 520,915 211,489
Gains on strategic investments 32,076 32,076 2,538
Interest income and other, net (2,795 ) 2,081 (176 ) 5,333
Income before provision for income taxes 323,884 190,185 552,815 219,360
Provision for income taxes 6,800 4,196 8,200 6,296
Net income 317,084 185,989 544,615 213,064
Undistributed earnings attributable to participating securities (154 ) (247 ) (309 ) (305 )
Net income attributable to common stockholders $ 316,930 $ 185,742 $ 544,306 $ 212,759
Net income per share attributable to common stockholders:
Basic $ 1.07 $ 0.66 $ 1.85 $ 0.76
Diluted $ 1.04 $ 0.63 $ 1.78 $ 0.72
Weighted-average shares used in computing net income per share attributable to common stockholders:
Basic 295,712,675 282,850,805 294,769,619 281,394,901
Diluted 305,861,051 297,162,309 305,652,628 296,408,229

Zoom Video Communications, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)

Three Months Ended July 31, Six Months Ended July 31,
2021 2020 2021 2020
Cash flows from operating activities:
Net income $ 317,084 $ 185,989 $ 544,615 $ 213,064
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense 102,142 56,855 201,111 85,632
Amortization of deferred contract acquisition costs 41,626 24,494 79,392 40,781
Gains on strategic investments (32,076 ) (32,076 ) (2,538 )
Charitable donation of common stock 22,312 23,312
Provision for accounts receivable allowances 10,537 11,091 14,592 14,959
Depreciation and amortization 12,028 6,475 22,691 11,814
Non-cash operating lease cost 4,359 2,349 8,633 4,597
Amortization on marketable securities 7,041 947 12,637 1,190
Other (6 ) (36 ) 264 838
Changes in operating assets and liabilities:
Accounts receivable (41,594 ) (54,425 ) (117,259 ) (196,926 )
Prepaid expenses and other assets (27,395 ) (4,649 ) (57,370 ) (53,729 )
Deferred contract acquisition costs (54,784 ) (88,936 ) (102,597 ) (213,790 )
Accounts payable 42,368 9,115 43,960 10,871
Accrued expenses and other liabilities 5,153 34,744 93,809 202,066
Deferred revenue 85,740 196,287 296,636 519,149
Operating lease liabilities, net (4,211 ) (1,266 ) (7,724 ) (979 )
Net cash provided by operating activities 468,012 401,346 1,001,314 660,311
Cash flows from investing activities:
Purchases of marketable securities (669,136 ) (277,336 ) (2,094,587 ) (484,882 )
Maturities of marketable securities 500,859 150,324 791,906 287,338
Sales of marketable securities 119,569 10,284 119,569 36,897
Purchases of property and equipment (12,975 ) (27,981 ) (92,049 ) (35,253 )
Purchases of strategic investments (80,400 ) (86,900 ) (13,000 )
Cash paid for acquisition, net of cash acquired (2,121 ) (26,486 ) (2,121 ) (26,486 )
Purchase of intangible assets (1,332 ) (1,494 )
Other 1,319
Net cash used in investing activities (144,204 ) (172,527 ) (1,364,182 ) (235,561 )
Cash flows from financing activities:
Proceeds from issuance of common stock for employee stock purchase plan 37,846 20,760 37,846 20,760
Proceeds from employee equity transactions to be remitted to employees and tax authorities, net 28,884 15,925 18,900 234,465
Proceeds from exercise of stock options 4,653 7,831 8,021 17,417
Other 337
Net cash provided by financing activities 71,383 44,516 65,104 272,642
Net increase (decrease) in cash, cash equivalents, and restricted cash 395,191 273,335 (297,764 ) 697,392
Cash, cash equivalents, and restricted cash – beginning of period 1,600,161 758,139 2,293,116 334,082
Cash, cash equivalents, and restricted cash – end of period $ 1,995,352 $ 1,031,474 $ 1,995,352 $ 1,031,474

Zoom Video Communications, Inc.
Reconciliation of GAAP to Non-GAAP Measures
(Unaudited, in thousands, except share and per share amounts)

Three Months Ended July 31, Six Months Ended July 31,
2021 2020 2021 2020
GAAP income from operations $ 294,603 $ 188,104 $ 520,915 $ 211,489
Adjustments:
Stock-based compensation expense and related payroll taxes 116,742 61,602 221,117 91,848
Litigation settlements, net 66,916
Acquisition-related expenses 13,320 4,942 16,604 4,942
Charitable donation of common stock 22,312 23,312
Non-GAAP income from operations $ 424,665 $ 276,960 $ 825,552 $ 331,591
GAAP net income attributable to common stockholders $ 316,930 $ 185,742 $ 544,306 $ 212,759
Adjustments:
Stock-based compensation expense and related payroll taxes 116,742 61,602 221,117 91,848
Litigation settlements, net 66,916
Gains on strategic investments (32,076 ) (32,076 )
Acquisition-related expenses 13,320 4,942 16,604 4,942
Charitable donation of common stock 22,312 23,312
Undistributed earnings attributable to participating securities 154 247 309 305
Non-GAAP net income $ 415,070 $ 274,845 $ 817,176 $ 333,166
Net income per share – basic and diluted:
GAAP net income per share – basic $ 1.07 $ 0.66 $ 1.85 $ 0.76
Non-GAAP net income per share – basic $ 1.40 $ 0.97 $ 2.77 $ 1.18
GAAP net income per share – diluted $ 1.04 $ 0.63 $ 1.78 $ 0.72
Non-GAAP net income per share – diluted $ 1.36 $ 0.92 $ 2.67 $ 1.12
GAAP and non-GAAP weighted-average shares used to compute net income per share – basic 295,712,675 282,850,805 294,769,619 281,394,901
GAAP and non-GAAP weighted-average shares used to compute net income per share – diluted 305,861,051 297,162,309 305,652,628 296,408,229
Net cash provided by operating activities $ 468,012 $ 401,346 $ 1,001,314 $ 660,311
Less:
Purchases of property and equipment (12,975 ) (27,981 ) (92,049 ) (35,253 )
Free cash flow (non-GAAP) $ 455,037 $ 373,365 $ 909,265 $ 625,058
Net cash used in investing activities $ (144,204 ) $ (172,527 ) $ (1,364,182 ) $ (235,561 )
Net cash provided by financing activities $ 71,383 $ 44,516 $ 65,104 $ 272,642

 

Sdan inaugurates new plan to combat human trafficking

August 30, 2021 (KHARTOUM) — The transitional government on Monday launched a new national action plan to combat human trafficking in Sudan which is the primary transit country of migrants to Europe from the Horn of Africa.

With the participation of Justice Minister Nasreldine Abdel Bari and European Union Ambassador to Sudan Robert van den Dool, the National Committee to Combat Human Trafficking (NCCT) inaugurated the National Action Plan for Combating Human Trafficking 2021-2023 in Sudan.

Undersecretary Ministry of Justice and NCCT Head Siham Osman stated that the three-year plan aims to curb human trafficking through several programmes to reduce poverty and offer new options for migrants, refugees, and asylum seekers.

Also, the plan will ensure better protection and shelter for the victims including the establishment of specialised prosecutor offices and courts, cross-border cooperation and access for victims of trafficking to legal aid to improve investigation and prosecution.

The EU-supported action plan met the four core aspects to combating human trafficking including “Prevention, Protection, Prosecution and Coordination and Partnership,” said Osman.

During the first six months of this year, 29122 illegal migrants reached Italian shores including 1,428 Eritreans, 1,309 Sudanese. The number of Ethiopians was insignificant.

From January 31 May 2021, Libyan authorities intercepted over two 2000 Sudanese seeking to cross the Mediterranean sea and reach Europe embarking on dangerous boats.

In his remarks, Abdel-Bari reiterated his government commitment that the plan to fight human trafficking would maintain “the human dignity; that we must respect and preserve, whether a person is living in his country, travels within or migrates to other countries.”

According to the UNHCR data for the past seven months, migrants from Bangladesh tops the list of countries of illegal migration to Europe with 6951 migrants who cross the sea mainly from Libya.

The Trafficking in Persons Report 2021 by the U.S. Department of State said that the Sudanese authorities did not “fully meet the minimum standards” for the elimination of trafficking but is making significant efforts” in this respect.

Accordingly, the State Department placed the east African country in its Tier 2 watchlist to encourage Sudanese efforts to meet the international standards.

For his part, the EU envoy said that Sudan had made efforts to combat human trafficking, including the investigation, prosecution of human traffickers, and protection of victims.

He further said that the three-year plan aims to enable Sudanese institutions with EU support to facilitate safe and legal migration, combating illegal migration, providing protection and creating livelihood opportunities.

Source: Sudan Tribune

Zambian President Hichilema Announces Military, Police Appointments

LUSAKA– Zambian President, Hakainde Hichilema, announced appointments for top military and police positions, as part of the reorganisation process, since taking office after winning the Aug 12 elections.

The Zambian president, on Sunday, appointed Maj. Gen. Dennis Alibuzwi, as the new army commander, who has since been promoted to the rank of lieutenant-general, while Godfrey Jere will be the new deputy commander.

He also appointed Collins Barry as the new commander of the Zambia Air Force, and Oscar Nyoni as his deputy. Patrick Solochi has been appointed as the new commander of the Zambia National Service, and Reuben Mwewa as his deputy.

Hichilema also appointed Remmy Kajoba, as the new inspector-general of the Zambia Police and Milner Muyambango as his deputy.

He also fired all provincial police commissioners.

Hichilema commended the former military and police chiefs, for their service to the country and said, they will be deployed to other areas in the public service.

Source: NAM NEWS NETWORK