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Fastly Announces Third Quarter 2020 Financial Results – Business Wire

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SAN FRANCISCO–(BUSINESS WIRE)–Fastly, Inc. (NYSE: FSLY), provider of an edge cloud platform, today posted its financial results for the third quarter 2020 in its shareholder letter on the Investor Relations section of its website at https://investors.fastly.com.

“Despite the customer-specific challenges we faced this quarter, we are pleased with the continued strength and resilience of our business, including a 42% year-over-year top-line growth in the third quarter,” said Joshua Bixby, CEO of Fastly. “We not only continued to gain new customers, with the second-highest quarter of new customer additions since going public, but we also expanded our engagement with existing customers. Looking ahead, we remain confident in the future of Fastly. Customers are increasingly relying on our platform to transform their businesses, and we are delivering on two key pillars of our long-term strategy with Secure@Edge and Compute@Edge.”

Fastly management will host a live Q&A session today at 2:00 p.m. PT / 5:00 p.m. ET to discuss financial results and outlook.

Fastly Third Quarter 2020 Q&A Session

When: Wednesday, October 28, 2020

Time: 2:00 p.m. PT / 5:00 p.m. ET

Conference ID: 2491525

Live Call: (833) 968-2077 (US/Canada) or (236) 714-2139 (International)

Webcast: https://investors.fastly.com

The webcast will be archived on the investor relations site following the call.

About Fastly

Fastly helps people stay better connected with the things they love. Fastly’s edge cloud platform enables customers to create great digital experiences quickly, securely, and reliably by processing, serving, and securing our customers’ applications as close to their end-users as possible — at the edge of the internet. Fastly’s platform is designed to take advantage of the modern internet, to be programmable, and to support agile software development with unmatched visibility and minimal latency, empowering developers to innovate with both performance and security. Fastly’s customers include many of the world’s most prominent companies, including Vimeo, Pinterest, The New York Times, and GitHub.

This press release contains “forward-looking” statements that are based on our beliefs and assumptions and on information currently available to us on the date of this press release. Forward-looking statements may involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include, but are not limited to, statements regarding our future financial and operating performance, including our outlook and guidance, our ability to gain new customers and expand engagement with existing customers, our customers’ reliance on our platform to transform their business, and our ability to deliver on our long-term strategy. Except as required by law, we assume no obligation to update these forward-looking statements publicly or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Important factors that could cause our actual results to differ materially are detailed from time to time in the reports Fastly files with the Securities and Exchange Commission (SEC), including in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and our Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on Fastly’s website and are available from Fastly without charge.

Source: Fastly, Inc.

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Ontario to release updated COVID-19 projections after locking down Toronto, Peel – CP24 Toronto's Breaking News

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The Canadian Press


Published Thursday, November 26, 2020 6:03AM EST


Last Updated Thursday, November 26, 2020 7:05AM EST

TORONTO – Ontario health officials are expected to release new COVID-19 projections today.

It will be the first time they have released such data since sending the province’s two biggest virus hot spots — Toronto and Peel Region — into lockdown earlier this week.

Two weeks ago, the province unveiled modelling that showed Ontario could see as many as 6,500 new daily cases of COVID-19 by mid-December unless steps are taken to limit the spread of the virus.

It said the province would reach 2,500 new daily cases by that time if the growth rate was at three per cent, or 6,500 if the growth rate was at five per cent.

At the time, Dr. Adalsteinn Brown, one of the experts behind the projections, said a five per cent growth rate was “slightly optimistic.”

Premier Doug Ford announced he would lower thresholds for imposing stricter COVID-19 measures under the province’s colour-coded restrictions system the following day.

This report by The Canadian Press was first published Nov. 26, 2020.

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Oil extends gains on surprise U.S. inventory draw amid vaccine rally – CNBC

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An aerial view of a crude oil storage facility is seen on May 5, 2020 in Cushing, Oklahoma.
JOHANNES EISELE | AFP via Getty Images

U.S. oil rose for a fifth day on Thursday as a surprise drop in crude inventories extended a rally driven by hopes that vaccines would end the coronavirus pandemic and revive fuel demand.

Brent was up by 20 cents, or 0.4%, at $48.81 a barrel, after rising around 1.6% in the previous session. West Texas Intermediate crude was up by 14 cents, or 0.3%, at $45.85, having gained 1.8% on Wednesday.

Both benchmarks have risen about 9% this week, getting a boost after AstraZeneca said on Monday its Covid-19 vaccine could be up to 90% effective, adding to the potential armory to end the worst pandemic in a century.

U.S. oil stockpiles fell 754,000 barrels last week, data showed, while analysts in a Reuters poll had predicted a 127,000-barrel rise. Stockpiles at the Cushing, Oklahoma delivery point for WTI, fell 1.7 million barrels.

But gasoline demand for the week fell by 128,000 barrels per day (bpd) to 8.13 million bpd, the lowest since June.

“With new U.S. virus cases still at very high levels, we think that it probably won’t be until next year – once vaccines can have a material impact – that demand recovers to more normal levels,” Capital Economics said in a note.

U.S. President-elect Joe Biden has urged people to forgo big family gatherings, wear protective masks and maintain social distancing for the Thanksgiving holiday in the face of the surging coronavirus pandemic. But Americans are defying pleas from officials to stay home.

The United States has recorded 2.3 million new infections in the past two weeks.

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Sask. suspends team sports, activities along with other tweaks to existing COVID-19 restrictions – CTV News

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REGINA —
The Government of Saskatchewan has tweaked some of its COVID-19 restrictions for the province, including changes for sports, restaurants, places of worship and performance and gaming venues.

All team and group sports, activities, games, competitions, recitals and practices have been suspended, including hockey, curling, racquet sports, cheerleading, dance practices in group setting, etc.

The province is also discouraging gatherings of any size, outside of your immediate household.

These restrictions come into effect on Friday, Nov. 27.

SPORTS, FITNESS, DANCE

Team and group sport and fitness activities are suspended including activities, games, competitions, recitals and practices.

Persons under 18 may continue to train only in groups of fewer than eight. There must be at least three metres of distance between participants. Coaches and trainers are not counted so long as they are wearing masks.

Group fitness for all ages can continue in groups of eight or fewer, masks must be worn and physical distance of three metres must also be maintained.

INDOOR PUBLIC GATHERINGS

Indoor public banquets, conferences, wedding and funeral receptions in public venues are reduced to 30 people maximum. This restriction also applies to places of worship. The limit on private gatherings stays at five. Food and beverage cannot be present of served.

If your immediate household has five people or more, additional guests should not come over.

“Individuals, recurring caregivers, support personnel (i.e. therapists, nursing staff) and tradespersons (i.e. housekeeper, plumber) are permitted, though they should maintain two metre distancing and be masked during service provision,” the province said in a news release. 

RESTAURANTS, BARS, ENTERTAINMENT

Restaurants and licensed establishments are now limited to four people per table. Capacity is also being reduced down to 30 at all casinos, bingo halls, arenas, live theatres, movie theatres, performing arts venues and any other facilities that are currently supporting a capacity of 150 people.

Establishments must keep guest information on all patrons.

The curfew on liquor sale remains.

MASK MANDATE

Masks are now required in all indoor fitness activities with an exception for aquatic acitivites.

All persons in schools and daycares are now required to wear masks at all time, expect for during meals.

All employees and visitors at all businesses and workplaces are required to wear masks in all common areas. All residents employees and visitors of correctional facilities must wear a mask in all common areas.

RETAIL

Large retail spaces must reduce customer access to 50 per cent or four square metres of space per person.

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