5 unchanged sentences
Interest Rate Risk
−Removed: As of January 31, 2022 and 2021 , we had $934.7 million and $282.9 million of cash, cash equivalents, and short-term investments, respectively.
−Removed: Our cash equivalents and short-term investments of $830.2 million and $245.3 million as of January 31, 2022 and 2021, respectively, mainly consist of money market accounts and certificates of deposit.
−Removed: Our cash, cash equivalents, and short-term investments are held for working capital purposes.
+Added: As of January 31, 2023 and January 31, 2022 , we had $936.7 million and $934.7 million of cash, cash equivalents, and short-term investments, respectively.
+Added: Our cash equivalents and short-term investments of $704.3 million as of January 31, 2023, mainly consist of money market funds, treasuries, corporate debt securities and commercial paper.
+Added: Our cash equivalents and short-term investments of $830.2 million as of January 31, 2022, mainly consist of money market accounts and certificates of deposit.
+Added: Our cash, cash equivalents, and short-term investments are held for working capital and strategic investment purposes.
We do not enter into investments for trading or speculative purposes.
−Removed: We do not believe a 10% increase or decrease in interest rates would have resulted in a material impact to our operating results.
+Added: Our fixed-income portfolio is subject to fluctuations in interest rates, which could affect our results of operations.
+Added: Based on our investment portfolio balance as of January 31, 2023, a hypothetical increase or decrease in interest rates of 1% (100 basis points) would result in a decrease or an increase in the fair value of our portfolio of approximately $4.4 million.
+Added: Such losses would only be realized if we sell the investments prior to maturity.
+Added: The weighted-average life of our investment portfolio was approximately 7 months as of January 31, 2023.
Foreign Currency Exchange Risk
To date, all of our sales contracts have been denominated in U.S.
−Removed: dollars, therefore our revenue is not subject to foreign currency risk.
+Added: dollars, except for our variable interest entity, JiHu, which sells in local currency in its designated area.
+Added: Our revenue is not subject to a material foreign currency risk.
Operating expenses within the United States are primarily denominated in U.S.
8 unchanged sentences
In the event our foreign currency denominated assets, liabilities, or expenses increase, our operating results may be more greatly affected by fluctuations in the exchange rates of the currencies in which we do business.
+Added: Moreover, as of January 31, 2023, we h ave $83.6 million of cash and cash equivalents denominated in currencies other than the U.S.
+Added: dollar, predominantly Chin ese yuan for our variable interest entity, JiHu.
+Added: The value of these cash balances may materially change along with the weakness or strength of the U.S.
+Added: As of January 31, 2023, a hypothetical 10% change in foreign currency exchange rates would have a material impact on our consolidated financial statements.
We have not engaged in the hedging of foreign currency transactions to date, although we may choose to do so in the future.
−Removed: The volatility of exchange rates depends on many factors that we cannot forecast with reliable accuracy.
−Removed: In the event our foreign currency denominated assets, liabilities, sales or expenses increase, our operating results may be more greatly affected by fluctuations in the exchange rates of the currencies in which we do business.
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.