Quantitative and Qualitative Disclosures about Market Risk
−Removed: As of October 31, 2021 and January 31, 2021, we had cash, cash equivalents and marketable debt securities totaling $457.8 million and $440.7 million, respectively.
−Removed: Our cash is deposited in checking accounts with reputable financial institutions.
−Removed: The cash equivalents and marketable debt securities consist primarily of investments in money market funds, asset-backed securities, commercial paper, U.S.
−Removed: government securities, and debt securities of corporations .
−Removed: Our cash is held for working capital purposes.
−Removed: We do not enter into investments for trading or speculative purposes.
−Removed: Interest Rate Fluctuation Risk
−Removed: The primary objectives of our investment activities are to preserve capital, provide liquidity and maximize income without significantly increasing risk.
−Removed: Some of the securities we invest in are subject to market risk.
−Removed: This means that a change in prevailing interest rates may affect the interest income on our cash, cash equivalents and marketable debt securities, and the market value of those securities .
−Removed: To minimize this risk, we maintain our portfolio in a variety of debt securities with high liquidity and low credit risk.
−Removed: We do not enter into investments for trading or speculative purposes.
−Removed: A 10% change in interest rates will not have a material impact on our future interest income or investment fair value.
−Removed: The liquidity risk and the risk associated with fluctuating interest rates are limited to our investment portfolio.
+Added: As of April 30, 2022 and January 31, 2022, we had cash and cash equivalents totaling $200.6 million and $171.0 million, respectively.
+Added: Our cash is deposited in checking accounts with reputable financial institutions and is held for working capital purposes.
Foreign Currency Risk
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