−Removed: There have been no material changes to the risks described in “PART I – Item 1A.
−Removed: Risk Factors” in our Annual Report on Form 10-K for the year ended August 27, 2021.
+Added: Except as discussed below, there have been no material changes to the risks described in “PART I – Item 1A.
+Added: Risk Factors” in our Annual Report on Form 10-K for the year ended August 27, 2021 (our “Annual Report”).
You should carefully consider the risks and uncertainties and the other information in this Quarterly Report, including “PART I.
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Our business, financial condition or results of operations could be materially and adversely affected if any of these risks occurs and, as a result, the market price of our ordinary shares could decline and you could lose all or part of your investment.
+Added: Recent Developments that May Affect Our Business
+Added: Our efforts to adapt our work environment in the aftermath of the COVID-19 pandemic may be unsuccessful.
+Added: While the COVID-19 pandemic persists, we and others in the technology industry are evaluating plans for our workforce as the pandemic eases.
+Added: We have not yet determined whether and to what extent we will require our workforce to return to work, although other companies in our space have begun to announce long-term plans to their employees.
+Added: We believe that there are costs to remote work in terms of productivity, innovation and community that have adversely affected our business during the pandemic.
+Added: At the same time, we also believe that certain of our employees have benefited from the ability to work remotely and may be resistant to calls to return to work.
+Added: To the extent plans we adopt are more restrictive than those of others in our industry, our ability to attract and retain talent may be materially and adversely affected.
+Added: In addition, if we do not announce our plans in a manner that is considered timely by our employees, the resulting uncertainty may also adversely affect retention.
+Added: For additional information about risks to us from the COVID-19 pandemic, please refer to the risk factor titled, “The effects of the COVID-19 outbreak could adversely affect our business, results of operations and financial condition” in our Annual Report.
+Added: The outbreak of hostilities in Ukraine may exacerbate certain risks we face.
+Added: Russia’s invasion of Ukraine and the global response, including the imposition of sanctions by the United States and other countries, could create or exacerbate risks facing our business.
+Added: We have evaluated our operations, vendor contracts and customer arrangements, and at present we do not expect the outbreak to directly have a material and adverse effect on our financial condition or results of operations.
+Added: However, if the hostilities persist, escalate or expand, risks we have identified in our Annual Report may be exacerbated.
+Added: For example, if our supply or customer arrangements are disrupted due to expanded sanctions or involvement of countries where we have operations or relationships, our business could be materially disrupted.
+Added: Further, the use of state-sponsored cyberattacks could expand as part of the conflict, which could adversely affect our ability to maintain or enhance our cyber security and data protection measures.
+Added: These and other risks are described more fully in our Annual Report.
This Quarterly Report also contains forward-looking statements that involve risks and uncertainties.
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Our actual results could differ materially and adversely from those anticipated in these forward-looking statements as a result of certain factors, including the risks facing our Company described in this Quarterly Report.
−Removed: Item 2 Unregistered Sales of Equi ty Securities and Use of Proceeds
−Removed: Defaults Upon Senior Securities.
−Removed: Mine Safety Disclosures
−Removed: Not applicable.
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.