8 unchanged sentences
Interest Rate Risk and Market Risk
−Removed: We had cash, cash equivalents, and marketable securities of $482.7 million as of January 31, 2023, of which $410.1 million was invested in government bonds, foreign bonds, and corporate debt securities.
+Added: We had cash, cash equivalents, and marketable securities of $480.0 million as of January 31, 2024, of which $407.9 million was invested in government securities, foreign securities, and corporate debt securities.
Our cash and cash equivalents are held for working capital and general corporate purposes.
4 unchanged sentences
As of January 31, 2024, a hypothetical 10% change in interest rates would not have had a material impact on our consolidated financial statements.
−Removed: Because we classify our debt securities as “available for sale,” no gains or losses are recognized due to changes in interest rates unless such securities are sold prior to maturity or unless declines in fair value are determined to be non-temporary.
+Added: Because we classify our debt securities as
+Added: “available for sale,” no gains or losses are recognized due to changes in interest rates unless such securities are sold prior to maturity or unless declines in fair value are determined to be non-temporary.
Foreign Currency Exchange Rate Risk
Our reporting and functional currency is the U.S.
−Removed: dollar, and the functional currency of our foreign subsidiaries is the respective local currency.
+Added: dollar, and the functional currency of our foreign subsidiaries is primarily the respective local currency.
Substantially all of our sales are denominated in U.S.
16 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.