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Some of the information we provide during today's call regarding our future expectations, plans, and prospects may constitute forward-looking statements. Many companies have gone through this transition. We're well-equipped to do the same, and I'm excited about the prospects of what that means for us in the long-term.
I spent some time in California a few weeks ago visiting the Prospect and Pipeline management teams and a few of the respective hospitals. Let me start with Prospect. Prospect California continues to perform in line with our expectations. Some of you may have seen that late last week, Prospect was hit with a ransomware attack.
Everywhere we traveled, our clients and prospects were eager to talk about new areas of collaboration with MSCI. For example, our strategic partnership with Moody's meaningfully expand the reach of our sustainability content among banks, insurance companies and corporates. The Motley Fool has no position in any of the stocks mentioned.
All forward-looking statements, including, without limitation, statements relating to our sales and operating trends, business and hiring prospects, financial and revenue expectations, clinical trials, reimbursement proposals and future product development and approvals are based upon our current estimates and various assumptions.
And as I mentioned, when our clients or prospects go deep into our financials relative to those smaller competitors, there's a stark difference. We are certainly starting to see -- I would say finally starting to see some rationalization among privatecompanies in terms of their valuations.
Jamie is a world-class CFO, who joins us with decades of experience in both senior finance and operations roles at a number of different Fortune 100 and privatecompanies, including GE and Cargill, and was most recently CFO of EY. But let me be clear, notwithstanding those realities, this is a growth company with great prospects.
It's probably too early, but maybe the question is what are prospective SIEM customers saying to you about LogScale and their willingness to explore other solutions besides their traditional SIEM? Even as a privatecompany, that's the one that we manage the business to, that's how we, you know, look at how to give out quotas to our reps, etc.,
During today's call, management will make forward-looking statements regarding our business, operations, sales strategy, market and product positioning, financial performance, and future prospects, including statements regarding our financial guidance for the fiscal fourth quarter of 2024 and fiscal year 2024.
The other organizational change, as referenced in our earnings release, is that Josh Glover, our president and chief revenue officer, is leaving nCino to pursue an opportunity as president and CRO of a later-stage privatecompany outside of the financial services industry. Greg Orenstein -- Chief Financial Officer Yeah. Thank you both.
This signals our confidence in MSCI's long-term prospects and our commitment to be a compounder for shareholders. Our product lines are increasingly interconnected, which means our work in private assets reinforces our work in climate and vice versa. The Motley Fool has no position in any of the stocks mentioned.
I'm quite proud of our group sales team's excellent work to drive improved sales, including their proactive prospecting process that has expanded our pipeline of leads and increased the pace of bookings going into the second half of the year. The private operators we talked to have benefited from the recovery as much as the public.
I couldn't be more excited about the prospects of Palo Alto Networks. I think we are going to continue to be able to transform this company from where we started as a hardware vendor to a software-delivered security with real-time security outcomes. The Motley Fool has positions in and recommends Palo Alto Networks.
This is a function of investors being concerned following a July report from The Wall Street Journal that alleged legacy telecom companies utilizing lead-sheathed cables could face large environmental/health liabilities, as well as replacement costs. Furthermore, any potential liabilities would likely be determined by the U.S.
How much is it the value of the company you’re investing in? How much is the prospective market size, as well as how robust local economy is? It’s all about what are this company’s prospects? How are you going to steer this company to be able to maintain its market position? LAYTON: Yeah.
Our GAAP results reflect a restructuring charge of $9 million recognized in the quarter related to the organizational changes we announced in July and a $42 million net loss on a privatecompany investment. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
We continue to strive as we have from the very beginning, to be as transparent and detailed as we can about our business and prospects, especially in the context of ongoing challenges in the macro economy that we are all experiencing and in the regulated cannabis industry in particular, which we have noted in the past several calls.
Our ability to serve these customers represents a powerful illustration of how Blackstone has become a trusted solutions provider on a massive global scale to many of the largest and most valuable companies in the world. The cost of liabilities, even though they're lowly levered, that also moves in tandem down.
Some of the information we provide during today's call regarding our future expectations, plans and prospects may constitute forward-looking statements. And what does the company do? It prospects and drills. And what is the company worth? I will be your moderator for MicroStrategy's 2024 third-quarter earnings webinar.
The company leaks more water than any other water company in UK, losing the equivalent of up to 250 Olympic size swimming pools every day from its pipes. Its chief executive, Sarah Bentley, resigned last week, weeks after she was asked to forgo her bonus over the company's handling of sewage spills. What has happened to it?
Some of the information we provide during today's call regarding our future expectations, plans, and prospects may constitute forward-looking statements. And it does not take into account debt and other liabilities. I'll be your moderator for MicroStrategy's 2024 second-quarter earnings webinar.
We have already seen this with products such as MSCI Private Capital Fund Indices which are catalyzing important new client wins and prospects since their launch in July. MSCI already supplies carbon emission data on more than 60,000 privatecompanies and more than 7,500 private equity and private debt funds.
A good example of our multiproduct wins in Q4 is EcoGlobal Logistics, a Forbes top 200 privatecompany and a leading provider of technology-enabled transportation and supply chain management services. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Other companies though around the globe were also affected. While we're still trying to find out the ultimate financial liability of it all, it also showcased just how vulnerable our software systems are to changes in code or worse hacks or cyber attacks. I mentioned, airline travel came to stand.
How would you sort of view that given your recent conversations with current and prospective tenants? And retailers, as I mentioned in the prepared remarks, fully appreciate that today because there's no public company in our space with our development capabilities. Are they looking to do stuff this year?
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