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No outcomes discovered, are trying fresh keyword!i might additionally enjoy to remind everyone that we've adopted ASC 606 as of January 1 ... The 2d segment, formerly known as Archiving, privateness and Governance, will now subsist called Compliance. Th...

Symantec experiences Fiscal First Quarter 2019 results | true Questions and Pass4sure dumps

Q1 GAAP earnings become $1.156 billion, non-GAAP income became $1.165 billion

GAAP Diluted EPS changed into $(0.10), non-GAAP Diluted EPS became $0.34

Implementation of ASC 606 had a $0.03 superb maintain an impact on to GAAP diluted EPS and a $0.01 bizarre maintain an outcome on to non-GAAP diluted EPS

cash stream from working activities for Q1 become $334M

MOUNTAIN VIEW, Calif. --(company WIRE)

Symantec Corp. (NASDAQ: SYMC) nowadays said effects for its first quarter fiscal yr 2019 ended June 29, 2018.

“we're blissful with their earnings, revenue and money spin from operations in the first quarter,” stated Greg Clark, Symantec CEO. “We believe that Symantec is well positioned to execute in opposition t the break in the cyber protection market. Following a a success fiscal yr 2018 in their trade protection phase, first quarter fiscal yr 2019 enterprise implied billings maintain been beneath expectations due to longer than anticipated revenue cycles for big, multi-product platform revenue. This pipeline management subject changed into isolated to North america. In their purchaser Digital safeguard phase, they were completely blissful to maintain fabulous earnings multiply in the first quarter. we've adjusted their suggestions for the comfort of fiscal yr 2019 to replicate their outlook on their enterprise. They accept as suitable with require continues to subsist fabulous throughout their items and functions and are confident in their long-time epoch manner to compel organic growth and leverage their scale, innovation and capital to create business-main platform options.”

beginning with the first quarter of fiscal 2019, Symantec studies its results below Accounting commonplace Codification (“ASC”) 606. They didn't recast inescapable historical monetary suggestions as they elected to gain expend of the modified retrospective transition system.

To champion readers maintain in intelligence their previous economic performance and their future outcomes, they complement the fiscal effects that they provide in accordance with often permitted accounting principles, or GAAP, with non-GAAP fiscal measures. The strategies they expend to produce non-GAAP outcomes aren't in keeping with GAAP and might vary from the methods used by way of different companies. additional info related to their non-GAAP measures are supplied beneath.

First Quarter Fiscal 2019 monetary Highlights (ASC 606)

  • GAAP salary turned into $1.156 billion, non-GAAP revenue became $1.165 billion
  • GAAP working margin of 0.1%, non-GAAP operating margin of 28.1%
  • GAAP Diluted EPS become $(0.10), non-GAAP Diluted EPS was $0.34
  • cash stream from operations of $334 million
  • we are providing perquisite here effects of operations beneath the outdated profits attention standard, ASC 605, as a way to give traders with a direct comparison to counsel and prior outcomes.

    First Quarter Fiscal 2019 fiscal Highlights (ASC 605)

  • GAAP income changed into $1.151 billion, non-GAAP profits turned into $1.a hundred and sixty billion
  • GAAP working margin of (1.1)%, non-GAAP working margin of 27.0%
  • GAAP Diluted EPS changed into $(0.13), non-GAAP Diluted EPS became $0.33
  • 2nd Quarter and fiscal year 2019 counsel (ASC 606)

                      2d Quarter Fiscal 2019       GAAP       Non-GAAP revenue       $1,122M - $1,152M       $1,130M - $1,160M operating Margin       (1%) - 1%       26% - 28% EPS (Diluted)       ($0.08) - ($0.04)       $0.31 - $0.35 Fiscal year 2019 profits       $4,640M - $4,760M       $four,670M - $four,790M operating Margin       four% - 5%       30% EPS (Diluted)       ($0.04) - $0.08       $1.47 - $1.57            

    Symantec’s Board of directors has declared a quarterly cash dividend of $0.075 per common participate to subsist paid on September 12, 2018, to full shareholders of list as of the proximate of enterprise on August 20, 2018.

    update of previously released fiscal effects for this autumn and fiscal yr 2018

    Subsequent to the release of their monetary effects for the fourth quarter fiscal year 2018, per SEC counsel on provisional reporting for accounting influences of the Tax Cuts and Jobs Act (the “Act”), they maintain continued to update their analysis and refine our calculations of the effects of the enactment of the Act, together with the move of the one-time transition tax liability on the salary of their exotic subsidiaries. because of the ongoing Audit Committee investigation, they haven't yet filed their annual document on contour 10-k for fiscal 12 months 2018, and our fourth quarter of fiscal 12 months 2018 and subsequent intervals continue to subsist open periods from an accounting point of view, domain to adjustment for cloth updates. In reference to their most fresh quarterly reporting cycle, we've up to date their fourth quarter and monetary yr 2018 provisional transition tax expense, resulting in a $15 million boost to their tax provision and a corresponding enhance of lengthy-time epoch revenue taxes payable and salary taxes receivable. Their fiscal outcomes for the fourth quarter and fiscal yr 2018 in their income materials posted to their investor family members site were revised to mirror this adjustment. The computation of the one-time tax on the income of their overseas subsidiaries, as well as their web deferred tax liability and other features of the Act is in accordance with their existing knowing and assumptions concerning the impact of the Act, and may continue to alternate as additional clarification and implementation counsel is issued and because the interpretation of the Act evolves over time. This adjustment is completely regarding the provisional impacts of the Act and is unrelated to the continued Audit Committee investigation.

    Ongoing Audit Committee Investigation

    As up to now disclosed, Symantec’s Audit Committee is conducting an internal investigation in reference to concerns raised through a former employee involving the company’s public disclosures together with commentary on historical economic effects, its reporting of positive non-GAAP measures including people who might move government compensation classes, inescapable ahead-searching statements, stock buying and selling plans and retaliation. The investigation is ongoing. The enterprise’s monetary effects and suggestions may subsist belt to alternate in keeping with the result of the Audit Committee investigation. at the moment, the company does not hope a cloth opposed move on its veteran economic statements for the third quarter of fiscal 12 months 2018 and prior. As preeminent above, their fourth quarter of fiscal 12 months 2018 and subsequent periods remain open durations from an accounting point of view, belt to adjustment for fabric updates.

    For further particulars concerning Symantec’s results and outlook, tickle view the Supplemental tips on the investor members of the family web page of their web site at:

    conference name

    Symantec has scheduled a convention require 5:00 p.m. ET / 2:00 p.m. PT nowadays to talk about its results for its first quarter fiscal 12 months 2019 ended June 29, 2018 and to evaluate guidance. interested events may additionally access the convention cognomen through Symantec’s Investor members of the family web site at of the family/routine-calendar/. For telephone entry to the conference, cognomen (877) 475-6198 in the u.s. or (970) 297-2372 from outside the united states. tickle summon 15 minutes early and provides the operator convention identity number 7188405.

    A replay and their organized remarks should subsist available on the investor family members home web page presently after the cognomen is achieved.

    About Symantec

    Symantec company (NASDAQ: SYMC), the world’s leading cyber security business, helps organizations, governments and individuals comfy their most essential data anyplace it lives. agencies internationally look to subsist to Symantec for strategic, built-in options to shield towards subtle attacks across endpoints, cloud and infrastructure. Likewise, a world group of more than 50 million americans and families depend on Symantec’s Norton and LifeLock product suites to give protection to their digital lives at home and throughout their contraptions. Symantec operates one of the most world’s biggest civilian cyber intelligence networks, permitting it to glare and give protection to against essentially the most superior threats. For additional info, tickle quest recommendation from or connect with us on fb, Twitter, and LinkedIn.

    be vigilant TO EDITORS: if you would enjoy more information on Symantec trade enterprise and its products, tickle visit the Symantec intelligence Room at full prices mentioned are in U.S. greenbacks and are legitimate handiest within the united states.

    Symantec, the Symantec emblem and the Checkmark brand are logos or registered emblems of Symantec service provider or its associates within the U.S. and other international locations. other names can subsist emblems of their respective homeowners.

    ahead-searching Statements: This press free up carries statements which can subsist considered ahead-searching inside the that means of the U.S. federal securities legal guidelines, together with the statements concerning the expected maintain an outcome on of the continued Audit Committee investigation, the counsel contained beneath the caption “Fiscal yr 2019 assistance (ASC 606)” and the statements involving Symantec’s other projected monetary and company consequences, including require for its products and services, Symantec’s superior capabilities, and Symantec’s continued can pervade and working efficiencies. These statements are discipline to primary and unknown dangers, uncertainties and other elements that may antecedent their actual results, stages of undertaking, performance or achievements to vary materially from consequences expressed or implied in this press free up. Such possibility factors encompass those concerning: their skill to proceed to integrate and absolutely obtain the anticipated merits from received corporations; typical economic situations; fluctuations and volatility in Symantec’s stock fee; the capacity of Symantec to correctly execute strategic plans; the capability to preserve client and associate relationships; the skill of Symantec to obtain its can pervade and operating effectivity desires; the expected multiply of positive market segments; Symantec’s sales pipeline and trade approach; fluctuations in tax prices and overseas exotic money change rates and the influence of the recently enacted tax reform legislation; the maintain an outcome on regarding Symantec’s future adoption of the fresh profits and other accounting necessities; the timing and market acceptance of latest product releases and improvements; and the a hit construction of fresh products and the diploma to which these items profit market acceptance. different risks include, but don't look to subsist confined to, hazards regarding the continued inside investigation with the aid of the Audit Committee, together with: (i) the risk that the inner investigation may additionally grasp longer to complete than expected (ii) the possibility that the interior investigation identifies mistakes, which can subsist cloth, in the enterprise’s economic effects, or impacts the timing of trade filings; and (iii) the possibility of felony complaints or executive investigations concerning the subject of the inner investigation or linked concerns. precise consequences may additionally ambit materially from these contained in the ahead-looking statements in this press liberate. Symantec assumes no duty, and does not intend, to update these forward-looking statements on account of future events or trends. more information concerning these and other risk components is contained within the random factors sections of Symantec’s most contemporary stories on kindly 10-ok and contour 10-Q.

    USE OF NON-GAAP fiscal guidance: They expend non-GAAP measures of adjusted revenues, working margin, internet income and salary per share, which can subsist adjusted from consequences according to GAAP to comprise positive buy accounting adjustments and exclude positive prices, positive aspects and losses. additionally, they provide the non-GAAP metric of implied billings. These non-GAAP monetary measures are offered to enhance the person’s understanding of their previous economic performance and their possibilities for the longer term. Their administration team makes expend of these non-GAAP monetary measures in assessing Symantec’s efficiency, in addition to in planning and forecasting future intervals. These non-GAAP economic measures don't look to subsist computed in response to GAAP and the methods they expend to compute them may moreover vary from the strategies used through different groups. Non-GAAP fiscal measures are supplemental, should soundless no longer subsist considered an alternative option to fiscal assistance presented in keeping with GAAP and will subsist examine most effective along with their consolidated fiscal statements prepared in response to GAAP. Readers are inspired to assessment the reconciliation of their non-GAAP fiscal measures to the related GAAP consequences, which is connected to their quarterly income unencumber and which can moreover subsist discovered, together with different monetary counsel together with Supplemental information, on the investor members of the family web page of their site at: investments.



                  SYMANTEC service provider Condensed Consolidated steadiness Sheets (1) (In thousands and thousands, unaudited)             June 29, 2018  

    March 30, 2018 (2)

      assets   current belongings: money and money equivalents $ 2,001 $ 1,774 short-time epoch investments 324 388 accounts receivable, web 502 809 different existing property   545     523 complete present belongings   three,372     three,494   Property and machine, internet 758 778 Intangible property, internet 2,532 2,643 Goodwill 8,322 eight,319 other long-term belongings   1,303     526 complete assets $ sixteen,287   $ 15,760   LIABILITIES AND STOCKHOLDERS' fairness   existing liabilities: debts payable $ one hundred seventy $ 168 accrued compensation and merits 165 260 Contract liabilities (3) 2,137 2,356

    different existing liabilities

      439     369

    total present liabilities

      2,911     three,153   long-time epoch debt 5,032 5,026 lengthy-term compress liabilities (3) 630 735 Deferred revenue tax liabilities 597 594 long-time epoch revenue taxes payable 1,one hundred ten 1,124 other long-term liabilities   eighty three     87 total liabilities   10,363     10,719       total stockholders' equity   5,924     5,041   complete liabilities and stockholders' fairness   $ sixteen,287   $ 15,760  

    (1) They adopted the brand fresh salary attention accounting typical (ASC 606) on a modified retrospective basis throughout Q1 FY19. The effects for Q1 FY19 are introduced below the fresh earnings cognizance accounting usual, while prior length amounts don't look to subsist adjusted and continue to subsist mentioned beneath the prior income awareness accounting typical (ASC 605).

    (2) Subsequent to the release of their monetary consequences for the fourth quarter fiscal yr 2018, in step with SEC tips on provisional reporting for accounting affects of the Tax Cuts and Jobs Act (the “Act”), Symantec has persevered to supplant their analysis and refine their calculations of the outcomes of the enactment of the Act, including the influence of the one-time transition tax liability on the profits of their exotic subsidiaries. subsequently, they maintain up to date their fourth quarter and monetary year 2018 provisional transition tax expense, resulting in a $15 million non-money, multiply to their tax provision and a corresponding maintain an outcome on on long-time epoch salary taxes payable and profits taxes receivable. as a result, they now maintain up to date their GAAP fiscal consequences for the fourth quarter and monetary yr 2018 in their revenue materials. There isn't any move to their non-GAAP effects.

    (3) on account of the fresh revenue recognition accounting ordinary (ASC 606), quantities we've up to now known as deferred salary are actually known as compress liabilities, which comprise the overall of what is now recognized as deferred salary and client deposit liabilities in full schedules perquisite through this doc.

                    SYMANTEC agency

    Condensed Consolidated Statements of Operations (1)

    (In millions, apart from per participate statistics, unaudited)           Three Months Ended June 29, 2018   June 30, 2017   internet revenues $ 1,156 $ 1,175 charge of revenues   249       257   Gross profit   907       918     working charges: income and advertising 388 433 research and construction 236 233 prevalent and administrative 133 149 Amortization of intangible assets 53 59 Restructuring, transition and other charges   ninety six       88   total operating expenses   906       962   working earnings (loss)   1       (44 )   interest expense (fifty two ) (84 ) other expense, web   (22 )     (6 ) Loss from carrying on with operations earlier than earnings taxes   (seventy three )     (134 ) salary tax benefit   (6 )     (24 ) Loss from continuing operations (67 ) (one hundred ten ) salary (loss) from discontinued operations, web of earnings taxes   4       (23 ) net loss $ (sixty three )   $ (133 )   profits (loss) per participate – primary and diluted: continuing operations $ (0.11 ) $ (0.18 ) Discontinued operations $ 0.01 $ (0.04 ) internet loss per participate – basic and diluted $ (0.10 ) $ (0.22 )   Weighted-standard shares staggering – primary and diluted     624       609    

    (1) They adopted the brand fresh profits cognizance accounting touchstone (ASC 606) on a modified retrospective groundwork full the way through Q1 FY19. The consequences for Q1 FY19 are introduced below the brand fresh earnings focus accounting commonplace, whereas prior duration quantities aren't adjusted and continue to subsist stated beneath the prior earnings awareness accounting typical (ASC 605).

                    SYMANTEC organizationCondensed Consolidated Statements of cash Flows (In tens of millions, unaudited)           Three Months Ended June 29, 2018   June 30, 2017   working actions: web loss $ (63 ) $ (133 ) (earnings) loss from discontinued operations, web of revenue taxes (four ) 23 alterations: Amortization and depreciation 152 a hundred sixty five Impairment of lengthy-lived assets four 14 stock-based compensation fee 113 147 Deferred profits taxes (forty two ) (sixty two ) different (17 ) 26 trade in working assets and liabilities, web of acquisitions: accounts receivable, net 321 188 debts payable 19 (32 ) gathered compensation and advantages (74 ) (sixty eight ) Contract liabilities (106 ) (21 ) income taxes payable 18 forty different belongings (27 ) three other liabilities   40     (39 ) net cash offered with the aid of carrying on with working activities 334 251 internet cash utilized in discontinued operating actions   -     (38 ) net cash offered by way of operating actions   334     213     INVESTING activities: Additions to property and device (44 ) (47 ) payments for acquisitions, net of money got (5 ) (8 ) Proceeds from maturities and sale of brief-term investments sixty four - different   (5 )   1   web cash supplied by means of (utilized in) investing activities   10     (54 )   FINANCING activities: Repayments of debt - (2,010 ) internet proceeds from earnings of impartial stock below worker stock incentive plans four 11 Tax payments concerning confined inventory gadgets (forty two ) (sixty one ) Dividends and dividend equivalents paid   (63 )   (66 ) web money used in financing actions   (one hundred and one )   (2,126 )   impact of change fee fluctuations on cash and money equivalents   (sixteen )   26   change in money and money equivalents 227 (1,941 ) starting cash and cash equivalents   1,774     4,247   Ending money and cash equivalents   $ 2,001     $ 2,306         SYMANTEC companyReconciliation of chosen GAAP Measures to Non-GAAP Measures (1) (2) (dollars in millions, except per participate statistics, unaudited)     Three Months Ended June 29, 2018   June 30, 2017


      impact of Adoption  




    ASC 606

      of ASC 606  

    ASC 605


    ASC 605

      net revenues $ 1,156 $ (5 ) $ 1,151 $ 1,a hundred seventy five Contract liabilities unprejudiced cost adjustment   9       -       9       53   internet revenues (Non-GAAP) $ 1,a hundred sixty five     $ (5 )   $ 1,a hundred and sixty     $ 1,228     working income (loss) $ 1 $ (14 ) $ (13 ) $ (44 ) Contract liabilities unprejudiced charge adjustment 9 - 9 fifty three stock-primarily based compensation 113 - 113 147 Amortization of intangible property 111 - 111 114 Restructuring, transition and different costs 96 - ninety six 88 Acquisition-related charges 2 - 2 19 Litigation compress profit   (5 )     -       (5 )     -  

    working salary (Non-GAAP)

    $ 327     $ (14 )   $ 313     $ 377     operating margin 0.1 % (1.1 %) (three.7 %) working margin (Non-GAAP) 28.1 % 27.0 % 30.7 %   internet loss $ (63 ) $ (15 ) $ (78 ) $ (133 ) adjustments to income (loss) from continuing operations: Contract liabilities unprejudiced cost adjustment 9 - 9 fifty three inventory-based compensation 113 - 113 147 Amortization of intangible property 111 - 111 114 Restructuring, transition and other costs 96 - 96 88 Acquisition-linked prices 2 - 2 19 Litigation contract (5 ) - (5 ) - Non-money pastime cost 6 - 6 27 Loss from fairness activity 29 - 29 - other earnings tax results and changes   (sixty three )     5       (fifty eight )     (117 ) complete adjustment from continuing operations   298       5       303       331   total adjustment from discontinued operations   (four )     -       (4 )     23   internet salary (Non-GAAP) $ 231     $ (10 )   $ 221     $ 221     Diluted net earnings (loss) per participate (three) $ (0.10 ) $ (0.03 ) $ (0.13 ) $ (0.22 ) changes to diluted internet profits (loss) per share Contract liabilities unprejudiced value adjustment 0.01 - 0.01 0.09 stock-based compensation 0.18 - 0.18 0.24 Amortization of intangible belongings 0.18 - 0.18 0.19 Restructuring, transition and other fees 0.15 - 0.15 0.14 Acquisition-related costs 0.00 - 0.00 0.03 Litigation agreement (0.01 ) - (0.01 ) - Non-money pastime expense 0.01 - 0.01 0.04 Loss from fairness interest 0.05 - 0.05 - other income tax results and adjustments   (0.10 )     0.01       (0.09 )     (0.19 ) complete adjustment from continuing operations   0.forty eight       0.01       0.forty nine       0.54   complete adjustment from discontinued operations (0.01 ) - (0.01 ) 0.04 Incremental dilution effect   (0.03 )     0.01       (0.02 )     (0.03 ) Diluted web revenue per participate (Non-GAAP) $ 0.34     $ (0.01 )   $ 0.33     $ 0.33     Diluted weighted-regular shares brilliant 624 - 624 609 Incremental dilution   forty seven       -       47       55   Diluted weighted-regular shares miraculous (Non-GAAP) (four)     671       -       671       664     (1) This presentation contains non-GAAP measures. Non-GAAP fiscal measures are supplemental and may no longer subsist considered a substitute for fiscal assistance offered in accordance with GAAP. For an in depth rationalization of these non-GAAP measures, tickle view Appendix A. (2) They adopted the fresh earnings recognition accounting customary on (ASC 606) a modified retrospective groundwork full the way through Q1 FY19. The outcomes for Q1 FY19 are introduced beneath the brand fresh profits cognizance accounting general, whereas prior length amounts aren't adjusted and continue to subsist stated below the prior earnings awareness accounting common (ASC 605). (3) net salary per participate quantities can moreover now not add because of rounding. (four) Diluted GAAP and non-GAAP weighted-commonplace shares wonderful are the same, apart from in intervals by which there's a GAAP loss from continuing operations. according to GAAP, they Do not current dilution for GAAP in periods in which there's a loss from continuing operations. however, if there is non-GAAP web profits, they latest dilution for non-GAAP weighted-general shares staggering in an amount equal to the dilution that might maintain been introduced had there been GAAP salary from continuing operations for the duration.                 SYMANTEC corporationReconciliation of GAAP revenue to Non-GAAP Implied Billings (1) (2) (In hundreds of thousands, unaudited)           Three Months Ended June 29, 2018   June 30, 2017   complete company Implied Billings (Non-GAAP) total income $ 1,156 $ 1,one hundred seventy five Add: compress liabilities (end of duration) 2,767 2,794 less: compress liabilities (beginning of duration) (three,091 ) (2,787 ) Contract liabilities adjustment as a result of adoption of the fresh revenue awareness normal 157 - different compress liabilities adjustments (three)   7       17   Implied billings (Non-GAAP) $ 996     $ 1,199     business security Implied Billings (Non-GAAP) complete profits $ 556 $ 646 Add: compress liabilities (conclusion of period) 1,714 1,784 less: compress liabilities (beginning of period) (1,998 ) (1,791 ) Contract liabilities adjustment as a result of adoption of the brand fresh income focus usual 174 - other compress liabilities adjustments (three)   7       17   Implied billings (Non-GAAP) $ 453     $ 656     consumer Digital defense Implied Billings (Non-GAAP) total salary $ 600 $ 529 Add: compress liabilities (end of length) 1,053 1,010 less: compress liabilities (beginning of period) (1,093 ) (996 ) Contract liabilities adjustment because of adoption of the brand fresh revenue attention usual   (17 )     -   Implied billings (Non-GAAP)   $ 543     $ 543     (1) This presentation includes non-GAAP measures. Non-GAAP economic measures are supplemental and will not subsist considered an alternative option to monetary tips offered in line with GAAP. For a circumstantial explanation of these non-GAAP measures, tickle view Appendix A. (2) They adopted the brand fresh earnings cognizance accounting impartial (ASC 606) on a modified retrospective foundation during Q1 FY19. The outcomes for Q1 FY19 are offered below the brand fresh revenue cognizance accounting general, while prior epoch amounts are not adjusted and continue to subsist mentioned beneath the prior salary cognizance accounting universal (ASC 605). (three) other compress liabilities alterations consist of compress liabilities bought throughout the epoch and the exchange in compress liabilities concerning Veritas discontinued operations.                       SYMANTEC agency

    guidance and Reconciliation of GAAP to Non-GAAP income, working salary and EPS (1)

    (greenbacks in hundreds of thousands, apart from per participate information, unaudited)               2nd Quarter Fiscal 12 months 2019      


          revenue suggestions               GAAP earnings latitude $1,122 - $1,152 Adjustment: Contract liabilities reasonable cost adjustment



    Non-GAAP income range   $1,one hundred thirty   -   $1,160   operating Margin suggestions and Reconciliation               GAAP operating margin (1%)


    1% alterations: Contract liabilities reasonable charge adjustment



    stock-based mostly compensation



    Amortization of intangible belongings



    Restructuring, transition and different fees



    Non-GAAP working margin   26%   -   28%   revenue Per participate guidance and Reconciliation               GAAP diluted loss per participate latitude (2) ($0.08) - ($0.04) alterations: Contract liabilities reasonable cost adjustment



    inventory-primarily based compensation



    Amortization of intangible property



    Restructuring, transition and other charges



    other profits and rate adjustments



    salary tax results and alterations



    Incremental dilution impact



    Non-GAAP diluted revenue per participate ambit (2)   $0.31   -   $0.35 Fiscal yr 2019               income suggestions               GAAP revenue latitude $four,640 - $4,760 Adjustment: Contract liabilities unprejudiced cost adjustment



    Non-GAAP earnings latitude   $4,670   -   $four,790   working Margin information and Reconciliation               GAAP operating margin 4% - 5% changes: Contract liabilities reasonable charge adjustment



    stock-primarily based compensation



    Amortization of intangible belongings



    Restructuring, transition and different fees



    Non-GAAP operating margin (3)   30%   -   30%   profits Per participate suggestions and Reconciliation               GAAP diluted income (loss) per participate latitude (2) ($0.04) - $0.08 changes: Contract liabilities reasonable value adjustment



    stock-based mostly compensation


    $0.seventy two

    Amortization of intangible belongings



    Restructuring, transition and different expenses



    different revenue and charge alterations



    profits tax results and alterations ($0.38) ($0.forty) Incremental dilution effect



    Non-GAAP diluted profits per participate latitude (2)   $1.forty seven   -   $1.fifty seven   (1) This presentation includes non-GAAP measures. Non-GAAP monetary measures are supplemental and should not subsist considered a substitute for monetary suggestions introduced based on GAAP. For an in depth clarification of these non-GAAP measures, tickle view Appendix A. (2) GAAP profits (loss) per participate and adjustments per participate are calculated using fundamental participate matter number of 630 million and 634 million for Q2 FY19 and FY19, respectively. Non-GAAP salary per participate is calculated the expend of diluted shares of 663 million and 667 million for Q2 FY19 and FY19, respectively. (three) quantities can moreover now not add because of rounding.  

    SYMANTEC CORPORATIONAppendix AExplanation of Non-GAAP Measures

    aim of non-GAAP measures: They believe their presentation of non-GAAP fiscal measures, when taken together with corresponding GAAP economic measures, offers significant supplemental counsel involving the enterprise’s working efficiency for the explanations discussed under. Their management team uses these non-GAAP fiscal measures in assessing Symantec’s efficiency, as well as in planning and forecasting future periods. because of the significance of those measures in managing the company, they expend non-GAAP measures in the contrast of administration’s compensation. These non-GAAP economic measures aren't computed based on GAAP and the methods they expend to compute them might moreover vary from the strategies used through different groups. Non-GAAP fiscal measures are supplemental and should now not subsist considered an alternative to fiscal tips introduced in keeping with GAAP and will subsist read most effective together with their consolidated monetary statements prepared according to GAAP.

    Contract liabilities adjustment: Their non-GAAP web revenues purge the maintain an outcome on of compress liabilities purchase accounting alterations required by way of GAAP. GAAP requires an adjustment to the legal responsibility for acquired compress liabilities such that the liability approximates how a excellent deal we, the acquirer, would ought to pay a third party to anticipate the legal responsibility. They believe that getting rid of the maintain an outcome on of this adjustment improves the comparability of revenues between intervals. additionally, despite the fact the adjustment quantities will certainly not subsist identified in their GAAP monetary statements, they Do not forecast the acquisitions to move the longer term renewal prices of revenues excluded with the aid of the adjustments. furthermore, their administration makes expend of non-GAAP net revenues, adjusted for the influence of buy accounting adjustments to examine their operating efficiency and household revenue traits. on the other hand, non-GAAP internet revenues has barriers as an analytical utensil and may no longer subsist regarded in isolation or as an alternative option to GAAP net revenues. They believe these alterations are valuable to investors as an extra capacity to reflect profits developments of their business. although, other groups in their trade may additionally no longer cipher these measures within the identical manner which might moreover restrict their usefulness for comparative applications.

    inventory reasonable charge adjustment: purchase accounting requires us to measure acquired inventory at unprejudiced cost. The reasonable cost of stock displays the obtained company’s cost of manufacturing plus a portion of the anticipated profit margin. These non-GAAP adjustments to their pervade of revenues exclude the anticipated earnings margin component it's recorded below purchase accounting linked to their acquisitions. They believe the alterations are positive to investors as an additional skill to reflect cost of revenues and endemic margin trends of their enterprise.

    inventory-based compensation: This contains costs for employee constrained stock units, efficiency based awards, subsidy participate programs, inventory alternatives and their worker inventory purchase plan, determined in line with GAAP. They consider their performance both with and devoid of these measures as a result of inventory-based compensation is a non-cash rate and might vary vastly over time in accordance with the timing, measurement, nature and design of the awards granted, and is influenced partly via inescapable components that are frequently past their manage, such because the volatility of the market cost of their touchstone stock. moreover, for comparability functions, they accept as suitable with it's valuable to deliver a non-GAAP fiscal measure that excludes stock-based compensation to facilitate the comparison of their effects to those of other agencies in their business.

    Amortization of intangible assets: Amortization of intangible property consists of amortization of acquisition-connected intangibles assets comparable to developed technology, client relationships and alternate names got in reference to enterprise combos. They record prices concerning the amortization of these intangibles inside both can pervade of revenues and operating costs in their GAAP fiscal statements. beneath purchase accounting, we're required to designate a portion of the buy fee to intangible belongings obtained and amortize this volume over the estimated advantageous lives of the acquired intangible belongings. despite the fact, the purchase cost allotted to those assets isn't always reflective of the can pervade they would incur to internally multiply the intangible asset. additional, amortization prices for their received intangible belongings are incongruous in dimension and are tremendously impacted by means of the timing and valuation of their acquisitions. They dispose of these prices from their non-GAAP operating consequences to facilitate an comparison of their current working efficiency and provide more suitable comparability to their previous operating performance.

    Restructuring, transition and different fees: Restructuring fees are expenses linked to a formal restructuring map and are primarily involving worker severance and edge arrangements. different costs consist of amenities and different exit and disposal expenses, together with asset write-offs. Transition costs are associated with formal discrete strategic information technology initiatives and essentially encompass consulting expenses linked to their commercial enterprise aid planning and helping systems and fees to automate trade approaches. additionally, transition fees comprise prices linked to their divestitures. They exclude restructuring, transition and different fees from their non-GAAP results as they harmonize with that these expenses are incremental to core actions that achieve up in the common path of their enterprise and Do not mirror their existing working efficiency, and that except these expenses helps a extra meaningful comparison of their latest operating efficiency and comparisons to their previous working performance.

    Acquisition-linked prices: These characterize the transaction and company integration prices related to gigantic acquisitions that are charged to working charge in their GAAP economic statements. These fees consist of incremental prices incurred to move these company combos reminiscent of advisory, criminal, accounting, valuation, and other skilled or consulting prices. They exclude these can pervade from their non-GAAP outcomes as they haven't any direct correlation to the operation of their business, and because they believe that the non-GAAP economic measures except these costs give significant supplemental information concerning the spending developments of their company. moreover, these prices fluctuate, reckoning on the measurement and complexity of the acquisitions, and are not indicative of fees of future acquisitions.

    Litigation agreement: We can moreover periodically incur prices or advantages regarding litigation settlements. We exclude these prices and merits when associated with a substantial settlement because they don't believe they're reflective of ongoing enterprise and working results.

    Non-cash activity expense and amortization of debt issuance prices: based on GAAP, they one by one account for the charge of the conversion duty on their convertible notes as a debt compact that reflects their assumed non-convertible debt borrowing costs. They amortize the compact and debt issuance fees over the term of the linked debt. They exclude the incompatibility between the imputed pastime fee, which contains the amortization of the conversion feature and of the issuance charges, and the coupon interest funds as a result of they harmonize with that with the exception of these fees gives meaningful supplemental information concerning the cash cost of their convertible debt and enhance traders’ capacity to view the company’s effects from administration’s perspective.

    benefit on divestitures: They periodically treasure excellent points on divestitures, including in fiscal 2018 related to their WSS and PKI solutions. they maintain excluded these positive factors for purposes of calculating their non-GAAP outcomes. They harmonize with making these adjustments allows an improved contrast of their latest working efficiency and comparisons to past working outcomes.

    benefit (loss) from fairness hobby: They record positive aspects or losses in fairness formula investments representing web revenue or loss brought on by their noncontrolling hobby in agencies over which they maintain restrained ply and visibility. They exclude such positive factors and losses in full because they want manage over the operations of the investee and the connected positive aspects and losses are not indicative of their ongoing core effects.

    income tax outcomes and alterations: ahead of the third quarter of fiscal 2018, they used a projected long-time epoch non-GAAP tax expense that mirrored the elimination of the effects of the non-GAAP alterations to their working effects described above and demanding discrete objects, in addition to positive unique GAAP reporting necessities below discontinued operations because of the sale of Veritas in an application to give enhanced consistency throughout the interim fiscal reporting intervals. beginning with the third quarter of fiscal 2018, because of U.S. tax reform, they expend a non-GAAP tax cost that excludes (1) the discrete influences of alterations in tax law, (2) most different huge discrete objects, (three) positive exciting GAAP reporting necessities below discontinued operations and (4) the profits tax results of the non-GAAP adjustment to their operating outcomes described above. They consider making these alterations facilitates a much better evaluation of their latest working performance and comparisons to previous operating consequences. Their tax rate is discipline to change for a total lot of factors, equivalent to huge changes within the geographic earnings combine because of acquisition and divestiture activities or primary tax law alterations in most primary jurisdictions where they function.

    Discontinued operations: In August 2015, they entered into a definitive agreement to promote the belongings of their information management enterprise (“Veritas”) to Carlyle. The transaction closed on January 29, 2016. The effects of Veritas are introduced as discontinued operations in their Consolidated Statements of Operations and for that understanding were excluded from non-GAAP net profits and section consequences for full pronounced intervals.

    Diluted GAAP and non-GAAP weighted-commonplace shares fantastic: Diluted GAAP and non-GAAP weighted-commonplace shares astounding are the identical, except in durations that there is a GAAP loss from carrying on with operations. in response to GAAP, they don't latest dilution for GAAP in intervals in which there's a loss from continuing operations. however, if there is non-GAAP internet profits, they present dilution for non-GAAP weighted-standard shares dazzling in an amount equal to the dilution that might were offered had there been GAAP earnings from carrying on with operations for the duration.

    Implied billings: They define implied billings as complete earnings plus the change in adjusted compress liabilities. The alternate in compress liabilities excludes compress liabilities received or divested full over the length as smartly because the alternate in compress liabilities regarding discontinued operations that doesn't amortize to revenue from carrying on with operations. They believe implied billings to subsist a helpful metric for management and traders since it helps an evaluation of adjustments in compress liabilities balances which are an indicator of the fitness and visibility of their company. There are a pair of limitations regarding using implied billings versus profits calculated in line with GAAP. First, implied billings consist of amounts that maintain not yet been identified as income. 2d, their calculation of implied billings may well subsist different from different organizations in their industry, some of which may additionally not expend implied billings, can moreover cipher implied billings otherwise, may maintain distinctive implied billing frequencies, or may additionally expend other fiscal measures to evaluate their performance, full of which could reduce the usefulness of implied billings as a comparative measure. They gain amends for these obstacles by means of presenting particular assistance concerning GAAP earnings and evaluating implied billings at the side of income calculated based on GAAP.

    MEDIA CONTACT:Symantec Corp.Lauren Armstrong, (650) 448-7352Lauren_Armstrong@symantec.comorINVESTOR CONTACT:Symantec Corp.Cynthia Hiponia, (650)

    Copyright trade Wire 2018

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    Symantec Helps IT organizations accumulate the inner most Cloud They need From the Infrastructure They've bought | true Questions and Pass4sure dumps

    BARCELONA, SPAIN--(Marketwire -10/04/11)- Symantec vision 2011 - Symantec Corp. (NASDAQ: SYMC - information) today introduced edition 6.0 of the business's storage management and high availability items. With this free up, Symantec permits IT businesses to construct resilient deepest clouds by way of remodeling their existing infrastructure. corporations can manage complete company features end-to-conclusion with in-built resiliency, besides the fact that the trade service is race throughout distinct virtualization technologies, working techniques, and storage systems. This unlock spans dissimilar items in Symantec's portfolio together with its flagship Veritas Storage basis 6.0, Veritas Cluster Server 6.0, and Veritas Operations manager four.1, full tightly built-in to assist IT companies movement confidently to a personal cloud structure.

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    Symantec's contemporary Virtualization and Evolution to the Cloud Survey discovered that sixty seven p.c of IT and C-degree professionals are much less assured about placing mission-essential applications on a private/hybrid cloud because of enterprise requirements for high availability SLAs. This concern extends to their storage environment as smartly, with eighty two percent of respondents making a option on more advantageous availability as a vital aim for figuring out to implement deepest storage-as-a-provider.

    "IT architects respect the covenant of the deepest cloud, but beneath the hype they are grappling with very precise questions," mentioned Anil Chakravarthy, Senior vice president, Storage and Availability administration neighborhood, Symantec. "How Do I transform my infrastructure to gain it greater agile? How Do I give it the traits of a public cloud without compromising on availability and protection?"

    With Symantec, IT businesses can build their own resilient private clouds via tapping into the investments they maintain already made in their information core. With this free up, companies can:

  • manipulate company functions conclusion-to-end across heterogeneous platforms
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  • Use a solitary pane of glass for bright reporting and non-disruptive remediation
  • New items introduced:

  • Veritas Storage basis 6.0
  • Veritas Cluster Server 6.0
  • Veritas Operations supervisor four.1
  • Symantec ApplicationHA 6.0
  • Veritas Dynamic Multi-Pathing 6.0
  • Veritas Cluster File gadget 6.0
  • Veritas Replicator 6.0
  • Symantec VirtualStore 6.0
  • Veritas Storage groundwork for home windows 6.0
  • Veritas Storage foundation for Oracle RAC 6.0
  • Veritas Storage foundation for Sybase ACE 6.0
  • click to Tweet: Symantec helps groups accumulate the deepest cloud they crave from the infrastructure they've bought or

    manage availability of company capabilities end-to-conclusion across heterogeneous platforms with Veritas Cluster Server 6.0 and Symantec ApplicationHA 6.0Most trade vital applications today are multi-tiered with net, software, middleware, and database layers sitting across multiple servers, across structures, throughout actual and digital environments and the expend of several types of storage. making inescapable end-to-conclusion availability of the trade provider is a problem nowadays. IT groups maintain to deal with assorted equipment, manual intervention, and coordination between distinctive teams within the event of a downtime, whether deliberate or unplanned.

    Veritas Cluster Server 6.0 and Symantec ApplicationHA 6.0 with their fresh virtual company services (VBS) means are designed to deliver continuous excessive availability and reduce back length of provider disruptions for complete multi-tier enterprise applications by means of encapsulating them as a solitary entity. administrators can forecast to orchestrate the beginning, stop, non-disruptive trying out, and failover of total multi tier purposes with a solitary click -- resulting in resilience and mobility for the trade service. Veritas Cluster Server continues to supply the industry's most complete out-of-the container application aid and is accessible on full foremost OS and Virtualization platforms together with IBM AIX, HP-UX, Oracle Solaris, Linux, Microsoft home windows, and VMware.

    set up resilient, elastic storage for cloud workloads with Veritas Storage foundation 6.0 With storage needs transforming into exponentially, IT agencies need a fresh strategy to control their environments in a price-effect and elastic method, whereas maintaining excessive stages of availability for their crucial purposes. This manner capability having the skill to grow and reduce back storage dynamically, maintaining storage optimized in precise time, and having the flexibility to opt for the arrogate class of storage from the perquisite companies. moreover, storage administrators and executives want equipment that aid automate storage provisioning, utilization-based pervade backs, and reporting throughout information facilities with heterogeneous storage environments.

    The Veritas Storage foundation product suite makes it possible for storage managers to choose the perquisite hardware acknowledge for his or her storage needs and enhances the superior functions in the storage arrays. Storage basis 6.0 is deliberate to profit deduplication and compression at the file device layer. together with champion for thin reclamation, storage tiering, dynamic resizing, and sensible migration, Storage foundation is designed with the most finished storage optimization capabilities to dam-primarily based SAN storage environments. full these functions are anticipated to race without a utility downtime required and minimal performance impact with automatic priority based mostly I/O scheduling that distinguishes between application and protection operations. The Veritas Storage basis suite comprises Veritas Dynamic Multi-Pathing, Veritas Cluster File device, and Symantec VirtualStore, with champion for full primary storage arrays and operating device systems.

    Story Continues

    Use a solitary pane of glass for ingenious reporting, remediation and administration with Veritas Operations manager four.1Veritas Operations supervisor (VOM) offers a solitary administration console throughout physical and virtual servers that helps purchasers visualize, analyze, and control trade service availability and heterogeneous storage environments across facts facilities. IT groups can provision storage using coverage-primarily based templates and invoke chargeback in line with precise utility storage utilization with Veritas Operations manager superior. no longer handiest can Veritas Operations supervisor provide a true utility to disk view of the complete storage infrastructure, it permits directors to grasp immediate remedial motion to optimize and scale storage utilization with Veritas Storage groundwork.

    Get the inner most cloud you crave from the infrastructure you've got gotWith the introduction of those solutions, companies can tie together latest belongings -- no matter if on actual or digital methods, across OS and virtualization structures and with full predominant storage arrays -- to build resiliency, scalability, and suppleness into their infrastructures. Symantec enables IT organizations to transform their current infrastructure to accumulate the merits of a resilient deepest cloud.


  • "an terrible lot has modified within the industry in the 5 years considering that Symantec's business-main storage administration and excessive availability application Storage groundwork HA 5.0 was first launched," talked about Anil Chakravarthy, Senior vp, Storage and Availability management group, Symantec. "we've retooled Storage foundation and incorporated fresh innovations from across their product portfolio to assist their consumers build particularly purchasable, resilient private cloud environments out of the infrastructure they've already got. These improvements provide finished end-to-end visibility and finished control of their heterogeneous infrastructure."
  • "businesses fight to manage programs and applications with personnel on-line 24 hours a day and the amount of suggestions being created day to day by means of corporations," talked about David A. Chapa, enterprise manner neighborhood. "groups can no longer tolerate downtime of essentially the most vital applications which is pushing SLAs to accumulate further and further strict. because of this IT should maximize the value of its current infrastructure to Do extra. With Storage groundwork 6.0, Symantec helps companies seriously change their facts seat operations and allows for IT to maintain pace with the hasten of company."
  • "we're at full times attempting to find efficiencies in the manner they race IT operations, from maintaining trade capabilities accessible to provisioning storage. They necessary an acknowledge that provided the arrogate attributes equivalent to elasticity, agility and automation, but allowed us to proceed to gain expend of their current, heterogeneous infrastructure to preserve their charges in determine," talked about Andrey L. Skripkin, Head of statistics core department, Vimpelcom. "this is why they choose Veritas Storage basis and Veritas Cluster Server from Symantec. Symantec empowers us to expend the infrastructure they maintain already got to bring the features their enterprise wants."
  • "Symantec ApplicationHA gives us with unique visibility into their digital ambiance, permitting us to exceed their ninety nine.5 percent utility availability SLA throughout VMware," mentioned Graeme Hackland, IT/IS Director for Lotus Renault GP. "we are able to moreover automate the manner of making inescapable these crucial purposes are available in the savor of a catastrophe or surprising downtime via ApplicationHA's coordination with the underlying virtual infrastructure. this can full subsist accomplished either from within VMware vCenter or in the course of the Veritas Operations manager console to facilitate the management of the recovery manner."
  • "Veritas Storage basis Cluster File device helps us in the reduction of software downtime and improves access to essential records," mentioned Suphot Punnachaiya, VP - IT and BSS Integration, AIS. "we are able to expend it to participate storage resources and records throughout numerous actual servers, giving greater effective access to databases and other data, whereas presenting the quickest failover insurance policy for these 'simply in case' situations."
  • For extra assistance visit:





    join with Symantec

    About Storage and Availability management from SymantecSymantec helps businesses secure and manage their advice-driven world with storage management, high availability/disaster recovery, e-mail archiving, and backup & restoration options.

    About Symantec Symantec is a worldwide chief in featuring security, storage and methods administration solutions to champion consumers and companies cozy and manage their counsel-driven world. Their software and capabilities give protection to against greater hazards at more facets, extra completely and successfully, enabling self assurance wherever tips is used or kept. greater assistance is purchasable at or by connecting with Symantec at:

    word TO EDITORS: if you'd enjoy more information on Symantec corporation and its products, tickle discuss with the Symantec intelligence scope at full expenditures preeminent are in U.S. bucks and are legitimate only in the united states.

    Symantec and the Symantec emblem are emblems or registered trademarks of Symantec trade enterprise or its associates within the U.S. and different countries. different names can subsist emblems of their respective owners.

    forward-searching STATEMENTS: Any ahead-searching indication of plans for products is preliminary and full future free up dates are tentative and are subject to trade. Any future free up of the product or planned changes to product skill, performance, or characteristic are subject to ongoing comparison by means of Symantec, and might or may now not subsist implemented and will not subsist regarded enterprise commitments with the aid of Symantec and should not subsist relied upon in making buying choices.

    Technorati TagsSymantec, Veritas, Storage basis, Cluster File equipment, Storage foundation and Cluster Server for windows, Cluster Server, Storage foundation for Databases, Dynamic Multi-pathing, VirtualStore, ApplicationHA, Veritas extent Replicator, statistics perception, Veritas Operations supervisor, Storage foundation, Veritas Storage basis for Oracle RAC, Veritas Storage groundwork for Sybase ASC CE, Veritas Cluster Server, Veritas Storage foundation for home windows, Veritas Storage foundation HA for windows, cloud, cloud storage, cloud computing, virtualization, cataclysm recuperation, enterprise continuity, storage management

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