4 unchanged sentences
Interest Rate Risk
−Removed: As of January 31, 2023, we had $1.2 billion of cash, cash equivalents, and investments, which consist of money market funds, commercial paper, corporate notes and bonds and U.S.
−Removed: government securities.
−Removed: We also had $64.5 million of restricted cash as of January 31, 2023 primarily due to outstanding letters of credit established in connection with lease agreements for our facilities.
+Added: As of January 31, 2024, we had $1.1 billion of cash, cash equivalents, and investments, which consist of money market funds, certificates of deposit, commercial paper, corporate notes and bonds and US government securities.
+Added: We also had $65.4 million of restricted cash as of January 31, 2024 primarily due to Attivo indemnity escrow liability, and to a lesser extent, outstanding letters of credit established in connection with lease agreements for our facilities.
Our cash, cash equivalents, and investments are held for working capital purposes.
We do not enter into investments for trading or speculative purposes.
−Removed: The effect of a hypothetical 100 basis point change in interest rates would not have had a material effect on the fair market value of our portfolio
−Removed: as of January 31, 2023.
−Removed: We therefore do not expect our results of operations or cash flows to be materially affected by a sudden change in market interest rates.
+Added: The effect of a hypothetical 100 basis point change in interest rates would result in a $4.9 million change in the fair market value of our investment portfolio as of January 31, 2024.
Foreign Currency Exchange Risk
1 unchanged sentence
dollars, therefore our revenue is not subject to foreign currency risk.
−Removed: Operating expenses within the United States are primarily denominated in U.S.
−Removed: dollars, while operating expenses incurred outside the United States are primarily denominated in each country’s respective local currency.
+Added: Operating expenses within the U.S.
+Added: are primarily denominated in U.S.
+Added: dollars, while operating expenses incurred outside the U.S.
+Added: are primarily denominated in each country’s respective local currency.
Our operating results and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates.
1 unchanged sentence
As the impact of foreign currency exchange rates has not been material to our historical operating results, we have not entered into derivative or hedging transactions, but we may do so in the future if our exposure to foreign currency becomes more significant.
−Removed: A hypothetical 10% adverse change in the U.S.
−Removed: dollar against other currencies would have resulted in an increase in operating loss of approximately $9.7 million for fiscal 2023.
−Removed: The hypothetical impact in fiscal 2022 and 2021 would not have been material.
+Added: A hypothetical 10% adverse change in the US dollar against other currencies would have resulted in an increase in operating loss of approximately $7.4 million and $9.7 million for fiscal 2024 and 2023, respectively.
+Added: The hypothetical impact in fiscal 2022 would not have been material.
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.