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IBM IBM Fundamentals of Applying

IBM Says Blockchain Can power 'Open Scientific research' in fresh Patent submitting | killexams.com actual Questions and Pass4sure dumps

A patent utility posted Thursday claims the manner of conducting scientific research can advantage from the blockchain.

Led by way of a crew at IBM's Watson research middle, the patent software gifts a vision for dynamic collaboration – one the region researchers can music their work throughout institutional borders. it's a further non-economic utility of the allotted-ledger technology, which IBM has championed in fresh months.

This latest patent will likewise subsist notion of as an difficult application changelog, however for science. Or, as the submitting puts it, a outfit that gives "a tamper resistant log of scientific research."

From the filing:

"The blockchain device can configuration a blockchain representing a research challenge, in which the blockchain comprises a first block of research statistics and a second block of analysis records representing a log of an analysis performed on the research information. summary blocks and correction blocks can even subsist introduced to the blockchain representing the publish analysis of the analysis consequences."

The software – titled "Blockchain for Open Scientific analysis" – became first filed with the U.S. Patent and Trademark office in December 2017. IBM researchers Jae-wook Ahn, Maria Chang, Patrick Watson and Ravindranath Kokku are listed as inventors.

based on the patent, "currently, there are limited systems that allow for sharing suggestions about scientific research and showing pellucid records collection and analysis steps. platforms that execute exist, lack the requisite controls and mechanisms to allow for trustworthy information, as there are few options for guaranteeing that facts may subsist resistant to amendment."

IBM is never the simplest group working to rehearse distributed ledger know-how to the scientific realm. A Berlin-primarily based reckon tank, Blockchain for Science, held its first overseas conference earlier this week.

The blockchain-flavored patent is considered one of many for large Blue. in line with statistics posted in September, IBM become behind handiest chinese language internet massive Alibaba in the variety of blockchain-connected patent filings.

IBM photograph by way of Shutterstock

The leader in blockchain information, CoinDesk is a media outlet that strives for the highest journalistic requirements and abides with the aid of a strict set of editorial guidelines. CoinDesk is an independent working subsidiary of Digital forex neighborhood, which invests in cryptocurrencies and blockchain startups.


IBM Is happening - however may likewise subsist Saved | killexams.com actual Questions and Pass4sure dumps

Image result for ibm

Introduction

In September, I wrote a piece of writing that chronicled the sluggish decline of exotic enterprise Machines (IBM). The article concentrated on the enterprise’s declining revenues and margins and the fallacy that is Watson that has been overhyped and over-marketed. given that the article turned into published, issues fill gotten worse for the business. Its inventory expense has declined from $145 to the existing $123.

consequently, its market valuation has declined from greater than $130 billion to the existing $112 billion. This valuation makes IBM reasonably valued in comparison to different expertise organizations. In IBM, buyers are paying 19X trailing revenue and 8X forward profits. here's enormously reduce than what investors are deciding to buy other ancient tech agencies enjoy Oracle (ORCL), Microsoft (MSFT), Apple (AAPL), and Cisco (CSCO) which fill a benchmark forward PE ratio of 15. similarly, IBM has a ahead PS ratio of 1.forty one, which is lower than the ordinary of these corporations of four.sixty five.

all through IBM’s decline, many investors – including Warren Buffet – fill invested in the enterprise, hoping that it'll achieve a turnaround. they fill complete been dissatisfied because the company’s inventory has persevered to discern lessen lows. brief dealers nevertheless were rewarded because the inventory has misplaced 17% of its value this yr. The short hobby has expanded from 14 million in January to the latest 21 million.

in my view, IBM will proceed to underperform since it lacks a ferment so that it will remove the inventory bigger. This evaluation might subsist a comply with as much as the previous article and should highlight more complications that the massive blue is facing and how it can subsist saved.

Elephant within the Room: RHT

When vast corporations are in decline, they fill a addiction of creating poverty-stricken selections mainly when it comes to acquisitions. Two examples of this are the decision through Sears Holdings (SHLD) to purchase ok-Mart and the decision via everyday electric (GE) to acquire Baker Hughes (BHGE). regrettably, IBM determined to follow the footsteps of these agencies.

Two weeks in the past, the trade introduced that it might disburse $34 billion to acquire red Hat (RHT). IBM would acquire RHT for $190, which changed into a sixty three% top class. In its announcement, IBM’s CEO mentioned that:

The acquisition of purple Hat is a game-changer. It alterations every minute thing in regards to the cloud market. BM will rotate into the world's #1 hybrid cloud company, offering corporations the handiest open cloud answer that will release the total expense of the cloud for his or her organizations

This announcement jogged my reminiscence of what GE’s Jeff Immelt noted when he introduced the acquisition of Baker Hughes.

BHGE is an trade chief positioned to convey in any economic atmosphere and assist their purchasers in using productiveness. This deal capitalizes on the existing cycle in oil and gasoline while additionally strengthening their region for the market recuperation. As they proceed ahead, the fresh fullstream offering speeds up their potential to extend a digital framework to shoppers whereas delivering world-category technical innovation and service execution. They look forward to continuing a seamless integration for their valued clientele.

what is diverse in the two statements is that Immelt became birthright about the scale of Baker Hughes. on the other hand, Virginia Rometty’s statement become demonstrably wrong. First, within the press conference, IBM used the note cloud forty three instances and according to Rometty, the deal will support IBM remove an improved market share in the cloud business. despite the fact, a view at crimson Hat’s revenues suggests a unique picture. Most of its revenues Come from infrastructure-connected choices while the next earnings comes from software construction and different emerging technology choices. In its 10K, it describes the subscription offerings as: salary generated from crimson Hat commercial enterprise Linux and connected technologies corresponding to pink Hat satellite and purple Hat Virtualizations.

supply: pink Hat

This component became additionally mentioned by using Barron’s article that interviewed an analyst from Bernstein who noted that:

more than half of red Hat’s income become generated by means of its fair on-premise server working-device business, which isn’t at once tied to the cloud and has a slowing extend price.

extra, while Amazon’s (AMZN) cloud grew by using 46% in 2017, red Hat’s cloud-related revenues rose by means of just 14%. at the identical time, the annual revenues of pink Hat are only below $3 billion with the web salary being below $300 million. Worse, IBM is paying 55 instances RHT’s estimated earnings, which is a hefty valuation since that many companies within the sector are bought at four.5 instances ahead sales.

hence, complete this doesn't justify the hefty $34 billion. also, here is now not the primary time that IBM has overpaid for its cloud features. In 2013, when it introduced the acquisition of Softlayer, it declared that:

As corporations add public cloud capabilities to their on-premise IT methods, they necessity business-grade reliability, security and administration. To address this possibility, IBM has constructed a portfolio of high-cost deepest, public and hybrid cloud choices, as well as software-as-a-service company solutions. With SoftLayer, IBM will accelerate the construct-out of their public cloud infrastructure to give purchasers the broadest preference of cloud choices to pressure company innovation.

Even with the SoftLayer acquisition, IBM has lagged other cloud computing agencies. it's quantity 5 in the trade in the back of Amazon, Microsoft, Alibaba (BABA), and Google (GOOG). In public cloud, it has a market share of 6%, which is miniscule in comparison to Amazon’s 46% market share.

in short, IBM is following the same vogue adopted by using well-known electric powered when it received Baker Hughes or the disastrous $10.3 billion acquisition of Autonomy with the aid of HP in 2011.

A silver lining in complete this is that there is a possibility that the deal will not shut. in the press remark, IBM talked about that it's going to pay $190 for the enterprise. As of this writing, the enterprise is buying and selling at $172, which is 10% reduce than the proposed $one hundred ninety. In merger arbitrage, here is a note that a very edifying number of investors don’t reckon the deal will close.

next Elephant within the Room: Debt

The purple Hat acquisition is the primary among many challenges I didn't tackle in my veteran article. This deal besides the fact that children presents IBM with a stability sheet difficulty. To finance the all-money transaction, IBM will should rear further debt.

before the deal is closed, IBM has a debt to fairness ratio of two.372, which is larger than that of the peers outlined above. Microsoft, Oracle, Apple, and Cisco fill a debt to GDP ratio of 0.8867, 1.527, 1.068, and zero.fifty nine respectively. Their universal is 1.01. hence, this will aggravate when the enterprise concerns greater debt to finance the acquisition.

this may now not subsist an issue for a corporation this is growing to be. regrettably, as I wrote earlier than, the business’s extend has slowed, revenues are declining, and the vast bets on Watson don't look to subsist figuring out. because it has been noted, many Watson clients are thinking of cutting down.

As you remove into account, IBM beneath Rometty has develop into a vast monetary engineering business. To enrich self credence in the market, the enterprise has borrowed heavily to finance buybacks. in the past ten years, the trade has spent greater than $40 billion in share buybacks. The chart under suggests the decreasing share counts for the enterprise in the past ten years.

compare this with the extend in long-term debt as shown below.

In different phrases, the deal through IBM to acquire purple Hat will dramatically enhance its debt even though RHT’s free cash flow is increasing. this can seemingly result in decreased dividends. actually, because of the acquisition, the enterprise has announced that it's going to halt the buybacks in 2020. hence, it will halt buybacks to finance a deal I dependence will now not support it in future. brace complete this with the hefty $18 billion pension liability which is higher than that of comparable organizations.

IBM can likewise subsist Saved

listed here, I actually fill overlooked different considerations that I raised in the outdated article. These considerations encompass the slowing boom, thinning margins, and the expanded competitors from businesses enjoy Alibaba, Amazon, and Google.

while issues view darkish for IBM, I conform with that it may likewise subsist saved. other historical expertise businesses fill complete been in a similar situation enjoy IBM and recovered. before Satya Nadella, Microsoft changed into death. in a similar way, earlier than Steve Jobs, Apple changed into loss of life.

a worthy region for IBM to birth is to respect that it is in quandary. After this, it can birth by way of establishing the explanation for the issue. I conform with that the judgement behind IBM’s problems changed into its lateness within the cloud computing business. This extend allowed Amazon and different groups to enter the trade and acquire shoppers. In cloud, the churn expense is so low that after a company acquires a consumer, it may possibly subsist positive that the company will not defect to its competitors.

subsequent, as with different tech organizations which fill recovered, IBM should still believe altering its administration. The fact is that Verginia Rometty has no longer been a superior CEO. beneath her management, the enterprise’s stock has declined by using more than 30% as proven beneath. at the same time, she has been paid greater than $120 million. If Rometty has now not changed the enterprise in 6+ years, what makes the board assured that she will subsist able to rotate it round in future?

subsequent, as discussed above, IBM may still reckon giving up the acquisition of crimson Hat. whereas this can attract a hefty divorce bill, it can subsist value than the disaster that awaits if the deal goes on. recollect that 83% of complete M&A offers fail and there's no judgement why this will subsist triumphant. To subsist clear, IBM will necessity to acquire acquisitions to compete with Amazon. actually, with the $34 billion, the company could acquire preference investments. for example, it might disburse about $3 billion to acquire a corporation enjoy box (box) that counts sixty one% of Fortune 500 organizations as shoppers.

superior, it could actually consume its ventures arm to keep money into minute startups in a similar fashion that Google has achieved it with Google Ventures. As proven below, IBM Ventures has not made any significant investments in the fresh previous.

source: Crunchbase

ultimately, IBM should still dependence divesting its world enterprise options (GBS) section. here is a section that provides consulting, application management, and global system services. In 2017, the facet generated $sixteen.38 billion in revenues, which become reduce than $16.7 billion in 2016. The phase’s margins are the least among the many different segments.

The atrocious margins are 25%. here is practically similar to different companies in the sector enjoy Accenture (CAN), Wipro (WIT), and Cognizant technologies (CTSH) which fill atrocious margins of 30%, 30%, and 39%. hence, on a sum-of ingredients groundwork, this section alone can likewise subsist expense greater than $30 billion if you betide to compare it with its friends.

it is estimated that GBS has more than 120K personnel. for this reason, divesting the segment will assist the company carve back the headcount and enrich margins.

last thoughts

IBM’s inventory has continued to voice no after the announcement of the pink Hat acquisition. As I actually fill explained, the trade continues to visage main headwinds that will doubtless remove it reduce. despite the fact, I reckon that the administrators can serve the trade neatly through getting out of the RHT deal and discovering greater acquisition targets, replacing the CEO, investing in early stage cloud agencies through IBM Ventures arm, and diversifying the world enterprise functions arm.

Disclosure: i'm/we are lengthy AAPL, container.

I wrote this text myself, and it expresses my own opinions. i'm not receiving compensation for it (other than from in the hunt for Alpha). I haven't any enterprise relationship with any trade whose inventory is mentioned listed here.


How IBM and purple Hat Will fill an result on Your Cloud fashion | killexams.com actual Questions and Pass4sure dumps

Barring a heavy-passed approach to the fresh acquisition, IBM and crimson Hat can execute some exotic things in the market.

IBM is a long fashion from making actual machines. That share of the enterprise went with Lenovo several years in the past. So, what has been their focal point ever for the judgement that? utility and features. And, amongst those software pieces and functions has been the cloud.

except nowadays, you can likewise fill heard minute about IBM’s cloud presence. youngsters i can guarantee you it’s there, it turned into truly struggling to compete with the likes of AWS, Azure, and even GCP. Now, with predictions enjoy those from Gartner stating that through 2020, 90% of companies will adopt hybrid infrastructure administration capabilities and that the market in widely wide-spread can subsist worth $240 billion or more – this changed into nearly as edifying a time as any to basically remove a dive into the cloud administration and start ecosystem.

Image: Shutterstock

graphic: Shutterstock

And IBM in fact took the plunge. truly, this turned into the largest acquisition or deal that IBM has ever gambled on during its 107-yr existence. In understanding the technology they simply took beneath their massive Blue wings, it might truly repay.

What this potential for IBM, crimson Hat, and your cloud

Let’s tower with IBM. It’s been a difficult ride for this company. once commonplace for constant boom and innovation, IBM has been struggling when it comes to keeping up with predominant industry players. This stagnation changed into fresh and definitely uncomfortable for IBM’ers and fanatics alike. So, what to do? buy a powerful, multinational, open-supply utility company that’s been establishing some main solutions. This contains pink Hat enterprise Linux, middleware answer JBoss, CloudForms, and the very potent cloud and container administration system – OpenShift.

For IBM, this aptitude opening the aperture into a quick-paced and starting to subsist hybrid cloud market. Most of all, this capability focused on enterprise valued clientele and arming them with main tools around cloud management. in reality, using one of the business’s gold benchmark container management solutions (OpenShift) will supply IBM consumers the sorts of outfit and features to approach digital transformation efforts in addition to total technology modernization shifts.

The total proposal of "monolith to microservices" can subsist encompassed by using this IBM+red Hat deal. technology enjoy OpenShift will give IBM a leading Kubernetes administration platform in a position to offering precise-world cloud-native solutions. This isn’t just IBM paperware to any extent further, with purple Hat, the ammunition is completely there. amalgamate this with an even bigger portfolio of middleware and powerful cloud-in a position (and validated) developer tools and you've got a extremely potent narrative for hybrid cloud deployment and management.

“With IBM’s recent flow to containerize its middleware, nowadays’s landmark partnership between IBM and purple Hat provides consumers with extra alternative and suppleness. Their fair vision for hybrid cloud the consume of container architectures allows for millions of organisations – from banks, to airlines, to government agencies - to access leading know-how from each companies while not having to acquire a preference from public and personal cloud.”

- Arvind Krishna, Senior vice president, IBM Hybrid Cloud

For IBM, purple Hat (and OpenShift) is an immediate gateway into a developer group that’s actually designing the architecture for trade agencies and their hybrid cloud initiatives. Did IBM pay a premium for red Hat? You stronger reckon it. turned into it value it? Time will inform. Coming from in the back of is rarely handy, however this is an excellent way to region a rapid engine to your cloud enterprise.

For red Hat, there are pretty huge advantages, too. apart from the huge quantities of elements and scale capabilities, crimson Hat is entrenching itself even extra into an enterprise market that’s primed and capable for the cloud. Now, reflect about leveraging pink Hat outfit to fill an result on complete of those remarkable IBM clients which fill been itching for an IBM-competent hybrid cloud structure.

“by means of extending their long-standing collaboration with IBM, we’re bringing together two main trade utility structures in crimson Hat OpenShift Container Platform and IBM Cloud private and including the energy of IBM’s software and cloud options.”

- Paul Cormier, President, products and applied sciences, crimson Hat

based on a fresh red Hat observation, throughout the acquisition, IBM and pink Hat shoppers can now:

  • Maximize their latest expertise investments and stream them greater without vicissitude to the hybrid cloud with IBM Cloud inner most and pink Hat OpenShift serving as the customary foundation;
  • construct and set up containerized purposes on one single, integrated container platform IBM Cloud private featuring a separate view of complete trade data;
  • enable developers to design, modernize, and install fresh purposes greater directly whereas taking lore of IBM’s cloud-based capabilities akin to synthetic intelligence (AI), internet of things (IoT) and blockchain with IBM Cloud inner most on pink Hat OpenShift Container Platform.
  • “joining forces with IBM,” mentioned pink Hat CEO Jim Whitehurst, “will give us with a better flat of scale, resources and capabilities to accelerate the repercussion of open supply as the foundation for digital transformation and convey red Hat to an excellent wider viewers, complete whereas conserving their wonderful subculture and unwavering dedication to open source innovation.”

    here's the region I necessity to pump the brakes, simply a little. I in fact hope that IBM doesn’t proceed heavy-passed in making an attempt to trade red Hat’s market definition and lifestyle. because if it tries to propel crimson Hat to undertake a broader IBM cultural and corporate mannequin, I don’t basically discern it ending well. Plus, I’m positive there at the instant are additional considerations from existing pink Hat consumers: What’ll occur to RHEL? How does this repercussion licensing and the outfit that i use? execute I should examine rivals enjoy Pivotal or different solutions enjoy Cloud Foundry? once again, time will inform how this can complete play out. My hope is for a straightforward integration, while conserving red Hat just as dazzling as it is nowadays.

    ultimately, it’s essential to fill in judgement what this will imply to your hybrid cloud and customary cloud administration answer. Barring a heavy-passed approach to this acquisition, IBM and pink Hat can execute some definitely impressive things out there. here's actually the primary time in a very long time that IBM pushed itself into the forefront of cloud, container, and hybrid cloud innovation. The exciting half is how IBM will combine other options, Watson as an example, into purple Hat products. If carried out appropriate, there may likewise subsist loads of advantages for the client, companies, and the cloud in established. I’m staying positive.

    bill is an enthusiastic technologist with journey in a gross lot of industries. This comprises data center, cloud, virtualization, security, AI, mobility, side options, and a worthy deal extra. His structure work contains huge virtualization and cloud deployments as well as ... View complete Bio We welcome your feedback on this theme on their social media channels, or [contact us directly] with questions about the site.

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    C2010-658 Fundamentals of Applying SmartCloud Applicaton Performa

    Study usher Prepared by Killexams.com IBM Dumps Experts


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    C2010-658 exam Dumps Source : Fundamentals of Applying SmartCloud Applicaton Performa

    Test Code : C2010-658
    Test designation : Fundamentals of Applying SmartCloud Applicaton Performa
    Vendor designation : IBM
    : 69 actual Questions

    Get value pack of lore to prepare C2010-658 exam.
    C2010-658 is the hardest exam ive ever Come upon. I spent months analyzing for it, with complete professional resources and the gross thing one ought to find - and failed it miserably. however I didnt give up! a few months later, I delivered killexams.com to my training agenda and kept working towards on the checking out engine and the actual examination questions they provide. I believe that is precisely what helped me skip the second time round! I wish I hadnt wasted the time and moneyon complete this needless stuff (their books arent horrific in trendy, but I believe they dont Come up with the worthy examtraining).


    So effortless preparation of C2010-658 exam with this question bank.
    C2010-658 exam changed into my purpose for this yr. a very lengthy fresh Years decision to keep it in complete C2010-658 . I honestly notionthat reading for this examination, making ready to pass and sitting the C2010-658 examination could subsist just as crazy as itsounds. luckily, i organize a few reviews of killexams.com on line and determined to apply it. It ended up being totally well worth it as the package deal had included each question I were given on the C2010-658 exam. I handed the C2010-658 totally strain-loose and came out of the testing middle joyous and cozy. simply well worth the cash, I suppose this is the nice exam enjoyfeasible.


    agree with it or now not, just attempt as soon as!
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    Do not disburse vast amount on C2010-658 guides, win this question bank.
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    I spent enough time reading those materials and handed the C2010-658 examination. The stuff is right, and at the same time as these are brain dumps, which means these materials are constructed at the actual exam stuff, I dont understand people who try to whinge approximately the C2010-658 questions being distinct. In my case, not complete questions had been 100% the same, however the topics and chic fashion fill been clearly correct. So, pals, in case you remove a view at hard enough youll execute simply first-rate.


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    Its a completely profitable platform for operating experts enjoy us to rehearse the query financial institution anywhere. im very an poverty-stricken lot grateful to you people for creating such a terrific exercise questions which changed into very profitable to me within the final days of examinations. ive secured 88% marks in C2010-658 exam and the revision exercise exams helped me loads. My concept is that tickle extend an android app in order that humans enjoy us can rehearse the checks whilst travelling also.


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    Commvault Systems, Inc. (CVLT) Q2 2018 Earnings Conference muster Transcript | killexams.com actual questions and Pass4sure dumps

    Logo of jester cap with thought bubble.© The Motley Fool Logo of jester cap with thought bubble.

    Commvault Systems, Inc.  (NASDAQ: CVLT)

    Q2 2018 Earnings Conference Call

    Oct. 30, 2018, 8:30 a.m. ET

    Contents:
  • Prepared Remarks
  • Questions and Answers
  • Call Participants
  • Prepared Remarks:

    Operator

    Good day, ladies and gentlemen, and welcome to the Second Quarter 2019 Commvault Earnings Conference. (Operator Instructions) As a reminder, this conference muster is being recorded.

    I would now enjoy to introduce your host for today's conference, Mr. Michael Picariello, Director for Investor Relations. Sir, you may begin.

    Michael Picariello -- MD of Americas Research

    Good morning. Thanks for dialing in today for their fiscal second quarter 2019 earnings call. With me on the muster are Bob Hammer, Chairman, President and Chief Executive Officer, Al Bunte, Chief Operating Officer and Brian Carolan, Chief financial Officer.

    Before they begin, I'd enjoy to remind everyone that statements made during this call, including in the question-and-answer session at the terminate of the call, may comprehend forward-looking statements, including statements regarding financial projections and future performance. complete these statements that relate to their beliefs, plans, expectations or intentions regarding the future are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on their current expectations. Actual results may disagree materially due to a number of risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services and universal economic conditions. For a discussion of these and other risks and uncertainties affecting their business, tickle discern the risk factors contained in their Annual Report in configuration 10-K and their most recent quarterly report in configuration 10-Q and their other SEC filings and in the cautionary statement contained in their press release and on their website. The company undertakes no responsibility to update the information in this conference muster under any circumstance. In addition, the development and timing of any product release as well as features or functionality remain at their sole discretion.

    Our earnings press release was issued over the wire services earlier today and it likewise has been furnished to the SEC as an 8-K filing. The press release is likewise available on their Investor Relations website.

    On this conference call, they will provide non-GAAP financial results. The reconciliation between the non-GAAP and GAAP measures can subsist organize in Table 4 accompanying the press release and posted on their website.

    Commvault adopted the fresh revenue benchmark ASC606 on April 1, 2017. Their adoption was done on a retrospective basis, complete prior periods in their financial statements fill been adjusted to comply with the fresh rules.

    As a result, the results and growth percentage they will contend today are on a comparable basis using the fresh rules. complete references to software revenue are inclusive dollar amounts are a percentage for both software and products revenue as disclosed in their P&L.

    Today's live webcast will likewise comprehend a glide presentation as share of Commvault prepared remarks to facilitate updates on their Commvault promote initiatives. These initiatives comprehend an update on their transition to subscription revenue models, as well as their recent operational review. The slides likewise cover their announcement of fresh multi-year revenue and operating margin targets. If you've not done so already, I would hint logging into the webcast now to view or download a copy of the slides.

    Please likewise note that in order to best discern the slides, they hint enabling complete screen glide mode within the webcast. In addition, the slides can likewise subsist downloaded from the Commvault website under the Investor Relations page.

    This conference muster is being recorded for replay and is being webcast and an archive of today's webcast will subsist available on their website following the call.

    I will now rotate the muster over to Bob.

    Robert Hammer -- Chairman, President and Chief Executive Officer

    Thank you Mike, and edifying morning, everyone and thank you for joining their fiscal second quarter FY '19 earnings call. On today's muster they will contend their fiscal 2019 second quarter results, their multi-year trade model transformation to deliver shareholder value called Commvault Advance, including an update on the progress they fill made to accelerate their transition to subscription revenue models, the results of their recent operational review, which includes the announcement of fresh multi-year revenue and operating margin targets, and an update on their share repurchase program. Let me briefly summarize their Q2 financial results.

    Software and products revenues were down 3% year-over-year. Total revenues were up 1% year-over-year, EBIT margin was 14.8%, up 550 basis points year-over-year, EPS was $0.40 per share versus $0.21 in the prior fiscal year.

    Our EBIT margin improvement was driven by cost efficiencies, implemented as share of their Commvault promote initiatives. Later in the presentation, they will talk about their fresh revenue metrics that will provide greater clarity to investors on their subscription model transition, which has been accelerating over the final several quarters.

    In Q2, their subscription revenue represented the highest balance of software revenue in their history and subscription annual condense value or ACV, which they will define later in the call, accelerated its year-over-year growth to over 90%.

    As a reminder, final quarter they were implementing a major corporatewide transformation called Commvault Advance. tickle remove note that Commvault issued a press release this morning, outlining the significant progress they fill made since announcing Commvault promote in May.

    The goals of Commvault promote are to establish a sturdy foundation to ameliorate revenue, while at the same time achieving much improved operating margin leverage. The implementation was a culmin turning to their equipoise sheet and cash flows in the first quarter cash and short-term investments were partially 1.1 billion ation of a brace of years of pains across products, pricing, a reorganization of their sales and distribution functions and the establishment of a much stronger, more efficient routes to market.

    We believe that their second quarter software and products revenue reflected the temporary disruption from the significant Commvault promote related changes they made during the quarter, including reorganization of their sales and distribution organizations, which in share shifted a significant percentage of territory resources to support their channel and alliance partners and major simplification of both products pricing to acquire their solutions easier to both sell and buy.

    We acted swiftly to implement these changes and while there was a higher flat of disruption than they had anticipated, the most significant changes are now largely completed and they are focused on go-forward execution throughout the leisure of FY 2019.

    Based on the early results of these changes, they are already seeing improved momentum and fill seen a sharp extend in funnel growth, sturdy order flow in October and solid forecast from the field. However, given the early stage of their transformation, they fashion to remain conservative with their near-term outlook until they can validate the positive churn of the trade with solid quarter-on-quarter revenue growth.

    We believe the implementation of Commvault Advance, although challenging in the near term, puts us in a much stronger position to remove advantage of the major shift in the market and significantly improves their aptitude to execute their strategy and drive revenue and earnings growth.

    Commvault promote leverages their force and shores up their weaknesses. Specifically, they believe Commvault has a leading technology to enable large enterprises to consolidate data management to deal with the captious issues related to cost, cyber compliance in the cloud, which I muster the 4Cs.

    As data scale increases, they are likewise well on their path to their exit by scale in their platform. They now fill simplified software solutions, pricing, packaging and appliances to deal with the shift to simplification in both the enterprise and the midmarket, particularly with their converged appliances and Commvault complete data management.

    While they are the pellucid technology leader and migrating and managing data in the cloud with IBM's $35 billion acquisition of Redhat this weekend, there will subsist additional focus on cloud and Commvault is well positioned to remove advantage of that with the leading data management platform in the industry.

    We are leading the industry in data analytics with their know your data solutions with Commvault Activate. As share of Advance, they are laser focused on improving their aptitude to accelerate revenues through a much stronger sales and distribution. These efforts fill been further bolstered with the recent hiring of several sales leaders with sturdy distribution focus.

    Commvault has been focused on making fundamental changes to their products and their businesses that they believe will deliver sustained revenue growth and profitability over both the near term and the long-term.

    These trade model optimization changes that will deliver shareholder value comprehend an enhanced and expanded and simplified product portfolio, improved distribution leverage, a transition to subscription pricing and aligning their cost structure with their revenue growth.

    So let me talk about their product portfolio. As I just mentioned, a key component of Commvault promote is to create and enhance expanded and simplified product portfolio, which includes product innovations that acquire it easier for customers to install and consume their products and changes to packaging and pricing structures to acquire a dramatically easier for their sales teams and partners to sell and customers to buy their products.

    Commvault now has four distinct, simply powerful offerings. One is Commvault complete backup recovery, which is the consolidation of what was previously 20 SKUs. Commvault HyperScale Software and Appliances, just converged data management protection, combined with scale-out secondary storage.

    Thirdly, Commvault orchestrate, which is fully automated disaster recovery, data test and data migration, particularly in the cloud and fourth, Commvault Activate, which is designed to assist customers know their data and then determine and extract fresh trade insights from data under management whether that data is on-premise or in the cloud.

    All these products fill built upon a common software and technology platform they muster the Commvault Data Platform.

    Another key strategy is to drive significantly improved distribution leverage through a combination of products, better aligned to routes to market, which comprehend their appliances in Commvault Complete, reallocation of sales resources from direct selling to supporting their partners and the expansion of their alliance relationships.

    During the first half of fiscal '19 they shifted a material portion of their sales and marketing resources from direct sales to supporting their channel and strategic partners and in strengthening their strategic relationship with key partners, including HPE, net Cisco, Microsoft and AWS.

    We expanded their partnership with HP. Commvault backup recovery software will now subsist fully integrated with the HPE store once appliances. The integration will allow backup data to subsist moved natively to the cloud or back to on premise. They hope this integration to subsist available in November.

    In addition, they launched sales programs for Commvault Complete and HyperScale, which are now included HPE's global price, which continue to align their territory organizations and keep structure around their drawing pipeline build.

    We recently announced an expanded partnership with whereby NetApp is now a complete reseller partner. NetApp and NetApp channel partners can now sell the Commvault backup recovery software directly to its customers.

    We've continued to develop their strategic relationship with Hitachi, Bentara, Huawei and Fujitsu. They hope to discern significant funnel build and revenue progress with both HP and NetApp during Q3. They remain excited about the trade break represented by their alliances with complete of these leading technology vendors and believe that these relationships will drive significant break for Commvault going forward.

    Let me talk about their transition to subscription pricing. tower in fiscal 2018, they began transitioning a significant portion of their fresh customer revenue to subscription pricing models. This transition has benefits to both their customers and Commvault.

    Our success with subscription models has been better than they anticipated and their repeatable revenue streams had been significantly outgrowing their legacy pricing models. This transition has created some headwind through near-term topline revenue growth as a like-for-like subscription transaction initially generates less revenue than perpetual sale, but they believe that it's the birthright long-term model in order to drive, ameliorate and sustainable revenue growth for the future. Brian will highlight some of these key metrics, which expose their progress on this transition.

    Now let me talk about cost efficiencies. During fiscal '19, they made excellent progress in adjusting their cost structure so that they can deliver meaningful improvements to operating margins over the next brace of years. With the assistance of third party consultants, they identified areas of operational efficiencies both in the near and long term, which positively impacted the first half of FY '19 and they anticipate will drive higher operating margins for the equipoise of FY '19 and beyond.

    Our progress is evidenced by the 61% year-over-year growth in Q2 in non-GAAP operating income. Brian will address their multi-year operating margin targets later in the call.

    While they are making changes to simplify and ameliorate their business, one thing they will not change is their commitment to innovation and delivering world-class solutions and support to their customers. As they identified economies in their cost structure, they fill not decreased their investment in R&D or customer support since their objective is to maintain their technological leadership position in the industry.

    Our commitment to lead the industry in innovation is highlighted by the announcements they made recently at their third Annual Customer and ally Conference Commvault GO. At the conference, they announced more powerful, yet simplified oversight of backup and data management operations by using sophisticated machine learning and artificial intelligence to automatically adjust backup schedules, dynamically auto optimize operations to ameliorate IT resource utilization, remove immediate actions to mitigate damage from a cyber beset and provide actual time alerts on captious issues.

    We likewise continued to maintain their leadership position in the cloud. Commvault Solutions seamlessly work with more than 40 cloud offerings and they continue to subsist one of the leading data protection offerings to delivering workloads to the cloud in particular AWS, Azure and Google Cloud.

    Our aptitude to enable customers to rapidly wobble workloads to, from and between clouds, while protecting the data is a significant competitive advantage and remains a key driver of the Commvault business.

    Now that the foundation of Commvault promote is in place, they believe they will discern increased topline momentum, as their channel strategy, go-to-market initiatives and alliance partnerships has started to expose positive traction with funnel growth acceleration.

    We anticipate sequential revenue improvement during the second half of fiscal '19 based on the following. One, the success of Commvault HyperScale Appliance and HyperScale Software Solutions, cloud migration and management, success for the Commvault Data Platform to gain share in large enterprises with the journey to the cloud and solutions to assist customers mitigate and regain from a cyber beset with highly automated, machine learning and artificial intelligence aided data protection, disaster recovery and intrusion detection and mediation.

    Third, becoming a leading foundation for governance, data analytics and as an optimized data source from trade analytics and finally, dramatically improving their growth in the mid-market by offering much more support to their channel and strategic partners, combined with the introduction of fresh innovative product offerings and pricing.

    In summary, the implementation of the Commvault promote initiatives in Q2 resulted in disruption that did not allow us to achieve their top line objective. However, they believe the pieces are now in region for the company to execute and deliver improved financial performance.

    I will now rotate the muster over to Brian. Brian?

    Brian Carolan -- Vice President and Chief financial Officer

    Thank you, Bob and edifying morning everyone. In addition to covering the traditional financial highlights for the second quarter of fiscal 2019, I will likewise disburse time updating you on the progress they fill made to accelerate their transition to subscription revenue models, including metrics, which demonstrate their continued progress toward more repeatable software and products revenue streams.

    I will likewise update you on the results of their recent operational review, which includes the announcement of fresh multiyear revenue and operating margin targets. And lastly, I will provide you an update on their share repurchase program.

    In addition to their earnings release issued earlier this morning, they likewise fill made available a presentation on the Investor Relations section of their website and likewise included this presentation in their 8-K filing. If you are on the webcast you can follow along with these slides during my remarks.

    Q2 total revenues were $169.1 million representing an extend of 1% over the prior year period. On a sequential constant currency basis, total revenue would fill been approximately $1.9 million higher, using prior quarter FX rates.

    We reported Q1 software and products revenue of $69.5 million, which was down 3% year-over-year. Revenue from enterprise deals, which they define as deals over $100,000 in software and product revenue in a given quarter, represented 66% of such revenue.

    Revenue from these transactions was up 8% year-over-year. The number of enterprise revenue transactions increased 10% year-over-year. Their fair enterprise deal size was approximately $284,000 during the quarter.

    Gross margins were 84.6% for the quarter. The cost of third-party royalties related to their HyperScale software solutions and the cost of hardware related to their HyperScale Appliances is included in the cost of software and products revenue. Total non-GAAP operating expenses were approximately $115.2 million for the quarter, down approximately 10% year-over-year and 7% sequentially.

    We completed facet 1 of Commvault promote and organize significant efficiencies in their cost structure, which included reducing their overall headcount by approximately 7% since the tower of the fiscal year. They ended the September quarter with 2,644 employees.

    In addition, as they proceed through facet II of Commvault Advance, they remain focused on maintaining their technological leadership position in the industry. They execute not hope these operational initiatives to fill an adverse repercussion their product development strategy.

    Operating margins were 14.8% for the quarter, resulting in operating income or EBIT of approximately $25.1 million. As Bob mentioned, EBIT was up 61% year-over-year.

    Net income for the quarter was $19.1 million and EPS was $0.40 based on a diluted weighted fair share count of approximately 47.8 million shares. As a reminder, during FY '19, they lowered their pro forma income tax rate from 37% to 27%. They believe that as a result of US tax reform, 27% will align to their long-term GAAP and cash tax rates.

    We anticipate that their diluted weighted fair share count for complete year FY '19 will subsist approximately 48 million shares.

    Let's now change gears and disburse some time on their subscription pricing models and their continued shift to more repeatable revenue. Their subscription pricing models are continuing to resonate with customers. They believe their transition to subscription-based pricing models over the final six quarters has been very successful.

    For the sake of clarity and transparency, they are introducing two revenue metrics to assist investors track the growth and progress of their subscription revenue transition. As you will see, subscription revenue is becoming a larger portion of the trade and they intend on accelerating the pace of this transition over the next several years.

    When you combine their subscription-based license sales with their other repeatable services revenue streams, such as maintenance, managed services and SaaS, it represents what they muster their repeatable revenue. They are on track to achieve their goal of having 70% plus repeatable revenue in FY '19.

    Let me start out by defining the nature of their current revenue streams. glide 9 in their presentation includes a chart that summarizes revenue based on how it is recognized and if it is potentially repeatable, nearly complete of Commvault software and product revenue is related to solutions that are rush in the customers on-prem environment for cloud infrastructure.

    We currently execute not fill any significant revenue streams related to hosted or SaaS solutions. As a result, as required under ASC606, the vast majority of Commvault software and product revenue is recognized at a point in time, when it is delivered to the customer and not over the course of a contractual period. This is hearty for both perpetual licenses and their software subscription software licenses.

    As a reminder, their subscription software license agreements generally require a minimum, non-cancelable spending commitment and term, which is typically three years.

    We fill intentionally used the word repeatable and not recurring to narrate this revenue, because it is recognized at a point in time and not ratably over the length of the contract. Each time a customer renews a subscription arrangement, Commvault will recognize the entire value of the software that was sold in the era of sale.

    The only exception to this point in time recognition principle for their software products is sales of their pay as you proceed utility arrangements. These utility arrangements are generally structured with no guaranteed minimums, which means they are recognized over time based on product usage.

    We measure total repeatable revenue as subscription software and product revenue, utility software revenue and the revenue related to their maintenance and support services. Note that unlike software, their maintenance and support services on both perpetual and subscription software arrangements are recognized ratably over the condense term.

    Slide 10 includes a summary of the benefits of subscription models. They fill heard from many of their enterprise customers that consumption-based pricing such as subscription arrangements is very lofty on their list of prerequisites for a data management solution.

    Customers often prefer a subscription model, because it simplifies their procurement process, lowers their upfront commitment and aligns with their wobble to consumption-based pricing models associated with cloud storage.

    Ultimately a subscription license provides the customer with much more flexibility to accommodate the changes in their trade and technology. If subscription arrangements acquire it easier for prospects to become Commvault customers, they are confident that the lifetime value of their customer relationships will increase. And from a Commvault perspective, they believe these models will drive a more predictable and repeatable revenue stream over time.

    Let's now view at a simple representative illustration of a perpetual license transaction and how it compares with a subscription license arrangement over both a three and six-year period.

    In this example, on glide 11, they fill compared a like-for-like perpetual license and subscription license arrangement. As you can see, the subscription solution requires less upfront investment by the customer and results in lower initial revenue to Commvault.

    In this example, the customer could purchase a perpetual license for their software for $245,000 plus annual customer support and maintenance. Each year that this customer renews their support maintenance, Commvault receives $45,000 of revenue. The total cost over a three-year era is $380,000 and increases to $515,000 over six years.

    To purchase the equivalent amount of software under a three-year subscription model, the customer would pay $300,000 either upfront or over the three-year life of the agreement. This expense is inclusive of both software and maintenance and support. Over time typically, after the first read complete (ph) the cumulative revenue from a subscription model exceeds the perpetual model and related maintenance.

    We believe this is a win-win scenario by making it easier to initially transitioned to CommVault, their customers will likewise realize other financial benefits over time versus a competitor's solution, such as more cost efficient storage, reduced downtime and less administrative cost.

    In recognition of their transition to subscription models, they believe it is now valuable to highlight two key operating metrics, which demonstrate their continued progress toward more repeatable software and products revenue streams, which we've been discussing for several quarters now. They believe these metrics expose the potential value of the transition to CommVault shareholders.

    The first is repeatable revenue and the second is a fresh metric not previously discussed, but widely used in the industry and that is annual condense value or ACV. I will walk you through each of these in the next few slides.

    I will start with repeatable revenue, which is shown on glide 13, as noted earlier, their primary repeatable revenue streams are subscription, software and maintenance services. The amounts included on the subscription and utility software row are inclusive of both software and maintenance and support revenue on these arrangements.

    The amounts included on the recurring support and services row is primarily maintenance and support revenue related to existing perpetual software arrangements. They would reckon approximately 71% of their Q2 total revenue to subsist repeatable in nature.

    As you can see, their repeatable revenue has been consistently growing in excess of their legacy pricing models and were up 22% year-over-year in Q2. The recent growth of their repeatable revenue streams has been driven by subscription software and products revenue, which is shown on glide 14. Subscription-based pricing represented a record 43% of software and products revenue in Q2, which compares to 17% in Q2 of final year.

    Software and products revenue from such subscription-based models are up 136% year-over-year, a significant acceleration from final quarter. This consists of both committed and often multiyear subscription sales as well as pay as you proceed utility nature arrangements.

    The second metric, I would enjoy to contend is the subscription and utility annual condense value or ACV, which is shown on glide 16. As they transition to a mostly subscription or repeatable revenue model, this will provide greater visibility into the increased subscription contracts they sell. ACV is defined as one, the total energetic subscription contracts value, inclusive of revenue that was recognized as either software or support services, annualized for a 12-month equivalent value plus two, the annualized value of energetic utility or pay as you proceed usage billings.

    We believe this ACV metric normalizes the variations in contractual length among their subscription and utility transactions and will assist investors and analysts track CommVault's transition to more potentially repeatable revenue streams.

    This metric will subsist a valuable data point to demonstrate the growth of their subscription and utility-based pricing models that they hope to drive fresh customer acquisition, land and expand growth as well as up-sell opportunities. As of Q2, ACV has grown to $76 million after only a short era of selling subscription licenses. Importantly, ACV is accelerating and achieved approximately 90% year-over-year growth this quarter.

    As share of their Commvault promote initiatives, their go-to-market model is highly focused on primarily selling these subscription licenses and they hope subscription ACV to grow significantly over the next several years.

    I would now enjoy to disburse the next few minutes addressing both their near-term financial outlook and their longer-term operating targets. As outlined in today's press release, they fill been making edifying progress within their Commvault promote framework across complete aspects of the company by strengthening their competitive technology position, broadening their product line, expanding distribution relationships, reorganizing sales and marketing and driving cost reductions and efficiencies.

    We are on a path to improving the sustainable financial performance of the company, while they hope that the changes they fill made to products, pricing, distribution and partnerships will drive future revenues and operating leverage, they likewise took actions to align their cost structure with a reasonable revenue growth target.

    As Bob discussed earlier, the implementation of the Commvault promote initiatives resulted in near-term disruption that did not allow us to achieve their Q2 and near-term topline objectives. They are likewise conservatively planning for modest revenue growth in Q3 and Q4. They hope third quarter total revenue to subsist approximately $181 million and fourth quarter revenue of approximately $189 million, resulting in total FY '19 revenues of approximately $715 million.

    These expectations are based on Q3 and Q4 software revenue of approximately $82 million and $86.5 million respectively. If they achieve their revenue outlook, they will continue to discern margin expansion and sturdy year-over-year earnings growth based on the cost-cutting initiatives they began in early fiscal 2019.

    We now hope the Q3 EBIT margin percentage to subsist approximately 15% and the complete year FY '19 EBIT margin percentage to subsist approximately 14.7%, which is a 380 basis point improvement over the prior year.

    While their strategic fundamentals are sturdy and their aptitude to execute has improved, they still visage captious challenges. It is valuable to note that Commvault promote is a major transformation and restructuring effort. They are making fundamental changes to the business, which carries risk, tide to disruption and execution. While they believe that the majority of the elements of Commvault promote are in place, there is a inescapable component of transformational risk associated with the execution of such initiatives, particularly in the near term.

    Despite these risks, they are already seeing improvements across numerous KPIs and October order volume is tracking well. Secondly, as they fill discussed for many quarters, they are currently reliant upon a equable inflow of large six and seven-figure deals, which Come with additional risks due to their complexity and timing.

    While they likewise necessity to ameliorate their immediate rates on these deals, large deal closure rates will likely remain lumpy, particularly in the near term. And lastly, while they are gratified with the progress they are making with subscription pricing models, the transition drives a headwind to near-term license revenue growth.

    This transition will continue to fill a dampening result on revenue, but they believe will ultimately result in a higher lifetime value. As previously stated, fiscal '19 will subsist impacted by the near-term disruption of the changes they implemented that as share of their Commvault promote initiatives.

    As they enter fiscal '20, their goal is to capitalize on these changes and start to realize leverage from their distribution model as well as the operational efficiencies they identified and implemented in fiscal 2019.

    Turning to the next slide, you can discern the detail of their multi-year revenue and operating margin targets. Their fiscal '20 objective is to grow revenue by at least 9% while achieving 20% plus operating margins. Their fiscal '21 target is to continue driving operating leverage and obtain 25%-plus operating margins.

    Our continued transition to more repeatable revenue will likewise subsist a key component of their improved financial performance. As you can discern on glide 21, their target is to achieve 80% repeatable revenue in fiscal '21.

    Given their transition to subscription software licensing began in fiscal '18, fiscal '21 represents the first break for Commvault to significantly capitalize from renewals of existing subscription customers. As they continue driving repeatable revenue, they will focus on maximizing the value of subscription and utility annual condense value.

    As previously discussed, their current ACV is approximately $76 million. Their goal is to achieve approximately $240 million of subscription and utility annual condense value by the terminate of fiscal '21. The $240 million goal is approximately eight times the ACV they stated with when they began their wobble to subscription based pricing.

    In fiscal 2019, we've been focused on targeting areas of cost savings, such as reducing headcount by approximately 7% since the start of the year and setting the foundation for Commvault Advance.

    One of the core principles of promote is to drive distribution levers through a focus on their alliances and partnerships. If they are successful, this will accelerate operating margin expansion and reduce their sales and marketing expense as a percentage of revenue.

    As you can discern on this slide, their goal is to reduce sales and marketing expense from 53% of revenue in fiscal 2018 to 40% in fiscal '21.

    Let me now shift gears to their equipoise sheet and cash flows. As of September 30, their cash and short-term investments equipoise was approximately $484 million. During the quarter, they repatriated $67 million of international cash back to the US and reduced the amount of cash held in exotic locations from $197 million as of June 30 to $130 million as of September 30.

    Our remaining international cash equipoise is spread across over 35 countries, while their goal is to continue to recrudesce as much cash as feasible back to the U.S., they may not subsist able to execute so in an economically efficient manner or may subsist limited by exotic laws and regulations.

    However, they execute believe that steps they are taking will result in the vast majority of future net cash flow to subsist concentrated in the US.

    Free cash flow, which they define as cash flow from operations less capital expenditures was approximately $17.3 million, which was up 2X, over the prior year period. As of September 30, 2018, their deferred revenue equipoise was approximately $316 million, which is an extend of 7% over the prior year period. Nearly complete of their deferred revenue is services revenue that has been invoiced to customers.

    Lastly, let me update you on their share repurchases. During fiscal 2019, which includes transactions through yesterday, they fill repurchased approximately $47 million or approximately 707,000 shares of their common stock at an fair cost of $66.33 per share.

    As disclosed in their earnings release issued earlier this morning, their Board of Directors has recently increased the total amount available for share repurchases to $200 million and extended the program for another year through March 2020.

    That concludes my prepared remarks and I will now rotate the muster back over to Bob. Bob?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    Thank you, Brian. I would enjoy to disburse a few minutes talking about Commvault proceed and the fresh products they announced during the show. They hosted their Annual Commvault proceed User Conference earlier this month in Nashville. Registration exceeded final year's total with approximately 2,200 customers, prospects and partners in attendance.

    We announced a number of fresh products and services including an exciting fresh way for customers to interface with their software called Commvault Command Center, fresh backup and recovery as a service offerings and further expanded their portfolio of appliance offerings.

    We raised the industry benchmark for software interaction and data management with the announcement of the Commvault Command Center, which provides customers with a separate console for managing Commvault's complete portfolio of products across an entire enterprise on premise, cloud and terminate point infrastructures.

    The Command headquarters is enhanced with the power of artificial intelligence and machine learning to provide easier to understand dynamic dashboard views of their customers' environments, much more comprehensive real-time reporting and unique learning capabilities, including the aptitude to remove corrective actions.

    Broad-based security enables IT, Admin and terminate users to fill their own easily customizable dashboards. The Command headquarters can subsist deployed on premise or in the cloud and is available now.

    We announced a fresh backup and recovery as a service offering to deliver Commvault's powerful simplicity for customers wishing to consume backup and recovery necessity as a service. They likewise announced two other backup services for virtual machines on AWS and Azure, and a backup service for indigenous cloud application such as Microsoft Office 365 and sales force.

    These solutions will subsist available within cloud marketplaces for ease of acquisition and deployment. Customers can purchase the services as a Pay As You proceed license or as a fixed term subscription. They likewise expanded the company's family of appliances with addition of two fresh appliances. The fresh appliances expand their offerings into a family of small, medium and large appliances that enable their customers to cost effectively scale from 10 terabytes to more than a petabyte or 10s of petabytes.

    The fresh larger appliance is targeted at managed service providers and large enterprises featuring stellar technology with their Commvault Hyperscale software. The minute offering takes a complete power of Commvault complete backup recovery into an appliance offering flawless for remote office and offshoot offices.

    All of their appliances can subsist used to seamlessly backup data on-premise or wobble it directly to the cloud. Commvault user cloud resources natively, which has cost, performance advantages versus competitive offerings, which require the customer to install an instance of their appliance in the cloud.

    During the expose Al and I likewise delivered a keynote presentation that outlined fresh and exciting products and fresh ideas that meet today's unique data management challenges and opportunities for three main messages.

    One Commvault complete backup and recovery continues to set the fresh industry benchmark for what it means to subsist complete and backup and recovery solutions. Advances in machine learning and AI will create a sales driving enjoy suffer that redefines how customers engage with their software. This is made feasible through the capabilities of the fresh Commvault Command Center.

    Secondly, the simple SmartCloud highlighting Commvault's aptitude to deliver a plight of the cloud faster to automated and orchestrated research management and control, we're now helping customers deliver on a multi-cloud environment as a hearty extension of a modern on-premise data center.

    And lastly, they continue to ameliorate customers' lore of their data with a holistic enterprise wide view and they are delivering applications that allow them to act upon that knowledge. This comes to life through Commvault Activate.

    Innovation remains the hallmark behind Commvault's product vision and leadership. Commvault is applying leading edge AI and machine learning to deliver outcomes that customers value most. Commvault challenges the industry to hope more as they deliver truly complete backup and recovery.

    Before they wrap up, let me briefly update you on the search process for a fresh CEO. As stated previously, the CEO Search Committee of their Board remains -- retained a leading search from May and has been identifying and actively interviewing candidates. The search process is well under way and the search committee is making edifying progress.

    In closing, under Commvault promote they made significant progress in the quarter, establishing a stronger foundation to better enable us to achieve more improved and predictable financial performance both in the short and long-term. While they are not satisfied with their Q2 revenue performance, they are seeing sturdy early momentum from their Commvault promote initiatives and are excited about their accelerating subscription revenue.

    We fill made comprehensive operational changes over the final several months and these changes are now behind us. They are now focused on ongoing forward execution. The actions they took to align their cost structure at the tower of the year were evidenced in the 61% year-over-year EBIT improvement. Now that the foundation of Commvault promote is in place, they believe they will discern increased momentum as their channel strategy, go-to-market initiatives and alliance partnerships start to expose positive traction.

    As I mentioned earlier, they are entering the second half of the year with a much stronger funnel. We'll subsist focusing their efforts on executing the key elements of Commvault promote where they already fill a solid already -- where they already fill solid proof points of success.

    Our objective is to acquire positive they achieve their near-term financial objectives while solidifying their Commvault promote Foundation for FY '20. Their immediate focus is to achieve their Q3 revenue and earnings forecasts.

    Now let me rotate the muster back to Mike. Mike?

    Michael Picariello -- MD of Americas Research

    Operator, can you tickle open the line for questions?

    Questions and Answers:

    Operator

    (Operator Instructions) Their first question comes from the line of Joel Fishbein of BTIG. Your line is now open.

    Joel Fishbein -- BTIG, LLC -- Analyst

    Good morning. I fill one for Bob and one for Brian. I'll start with Brian. Hey Brian, thanks for the detail on the wobble to the subscription model. What I'm just trying to understand is with a lot of these companies, you start this -- you discern deferred revenue grow birthright as you note these deals, particularly larger ones and I'm just trying to understand why we're not seeing an uptick in deferred revenue with some of these subscription deals? And then I'll wait -- just examine Bob the next question.

    Brian Carolan -- Vice President and Chief financial Officer

    Sure. edifying Morning, Joel. So, as I described in the call, we're a bit unique when it comes to the application of ASC 606. When they sell their subscription software and license arrangements, they actually recognize that revenue upfront in the era of sale on the software portion.

    The only thing that goes into deferred revenue potentially would subsist the maintenance that's attached to that, just enjoy a conventional arrangement under perpetual model. It's the same nature of carve out for maintenance and support that gets deferred over the contractual term.

    So you don't discern it expose up in deferred. It actually shows up in era revenue that's been recognized. That's why we're going to try to point to other metrics such as ACV and repeatable revenue and try to give you edifying visibility into the traction that we're making on more repeatable revenue models.

    Joel Fishbein -- BTIG, LLC -- Analyst

    Would you fill a backlog number then, enjoy in terms of total condense backlog or is that not a metric that might subsist meaningful?

    Brian Carolan -- Vice President and Chief financial Officer

    That's really what, it's almost really, if you view at the ACV is a proxy for what backlog would subsist essentially.

    Joel Fishbein -- BTIG, LLC -- Analyst

    Okay. Great. And then Bob just for you, what gives you assurance that you can grow 9% next year? Obviously you're making a lot of changes birthright now and I'm just -- what's giving you the confidence? Is it something that you're seeing out there specifically that you can point to?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    Yes Joel, clearly we're seeing a substantial, I subsist substantive substantial uptick in funnel flow in the enterprise just started to change. They saw it in the spring and it really accelerated through the summer in spite of disruption and continued as they entered Q3 in very large deals into the funnel and those deals were tied a trend in the industry for large enterprises to consolidate complete their data management functions to deal with cost, cyber compliance and the cloud.

    And I believe their data management platform and the market is recognizing this, is in a class by itself in terms of delivering those capabilities. So that significant extend in large deal and flow likewise gives us optimism for this current quarter and it's continued.

    And secondly, as I discussed in my remarks, they now fill a much stronger distribution position and although that's going to remove a minute time to repercussion their earnings, we're starting to discern that as well, so fortunately they got a massive significant upturn in their I'll muster it core enterprise trade and likewise that is likewise being driven by a much stronger ally and alliance relationships in the enterprise.

    And from the midmarket standpoint, they are seeing edifying traction with their appliances in Commvault Complete and fresh pricing. So the gross foundation at Commvault Complete was not try to acquire changes here. That's why it goes back a brace years to acquire fundamental changes in their products pricing, routes to market, alignment with those routes to market and a much more efficient cost structure.

    So internally, there's a lot of optimism underneath and I really reflect we've done this the birthright way although it had some attended risks as they made these massive changes final quarter.

    Joel Fishbein -- BTIG, LLC -- Analyst

    Great, thank you.

    Operator

    Thank you. Their next question comes from the line of Aaron Rakers Wells Fargo. Your line is now open.

    Aaron Rakers, -- Wells Fargo -- Analyst

    Yeah, thanks for taking the questions as well. So I want to proceed back to that final question and just understand the variables at play to underpin what looks to subsist a 17%-plus sequential extend in your implied software license revenue this quarter.

    I reflect with that in mind, it would subsist helpful to understand exactly what degree of funnel pipeline growth that you've been seeing and what assumptions are you making in terms of converting those funnel opportunities into recognized revenue? I'm just trying to understand the basis for that extend conservatism sensible or what you discern to drive that flat of sequential growth?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    So the funnel growth Aaron is material and significant. I subsist substantive it's -- we're talking about a very major extend in the growth of funnel, particularly in large enterprises and particularly in the Americas and the assumptions we're making on funnel immediate what I muster reasonable and Brian can answer that question.

    So we're not putting vast immediate rates on these areas of the funnel and then the other thing that goes along with this is their we've had predictive models here that are quite sophisticated and they've been quite accurate and their predictive analytics likewise view really edifying relative to the guidance they just provided.

    Brian Carolan -- Vice President and Chief financial Officer

    Yeah, I reflect just to follow on with Bob's point, we're using fairly typical and fair immediate rates applying that to the current quarter funnel. Again, they discern a sound uptick in their enterprise deal funnel heading into this quarter, which we're pleased with. Although I did voice that could subsist lumpy at times, we're still, we're pleased with that number in available funnel.

    Robert Hammer -- Chairman, President and Chief Executive Officer

    I think, Aaron, you saw a lot of this and this kindly of validates what you saw it proceed since you were there and what you heard on the floor.

    Aaron Rakers, -- Wells Fargo -- Analyst

    Yeah, and just a quick follow-up, I'm just curious, I reflect final quarter Bob, in response to your question, you said that basically 98% I reflect was the number that the total sales constrain realignment efforts fill been completed.

    As they view at the leverage that you're presenting to us going forward, I'm nosy of what else is there in terms of sales realignment or for that matter, sales headcount reduction efforts that should subsist anticipated in front of us if there are any?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    I would voice the bulk of this is behind us, but as they proceed forward and bring the leadership in, which we've done, I reflect over time they will continue to refine that model. So I reflect there are additional benefits to subsist gained on efficiency, but those are incremental relative to what they just went through.

    Aaron Rakers, -- Wells Fargo -- Analyst

    Okay, thank you.

    Operator

    Thank you. Their next question comes from the line of Jason Ader of William Blair. Your line is now open.

    Jason Ader -- William Blair -- Analyst

    Thanks. Bob, thank you for the CEO search update. I guess my question on that is, five months into when you announced it and they haven't seen any announcements yet. So I guess why is it taking so long? Is there anything you can give us some more color on that?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    I'll just acquire the remark that the search committee is making very edifying progress on the CEO search.

    Jason Ader -- William Blair -- Analyst

    Okay. objective enough. And then over the final few years, we've seen a chain of restructuring and pricing and packaging changes. I know that you guys are optimistic on the things that you're implementing birthright now, but why should investors believe that this time is going to subsist different?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    Well, the only validation is for us to hit the numbers. That's the only actual validation. complete I can voice is the funnel growth and the types of deals we're seeing now are in a different category than we've seen in their history. So a lot of the deals -- there is a lot of deals that are in the multiples of millions of dollars and it's both mainly in the Americas and AMEA, primary in multiple million this is muster it $3 million, $4 million, $5 million, $6 million kindly of deals and they're accelerating.

    So we've got that, that's actual and these deals are well scrubbed and they're stirring through the funnel well. In addition, we've never had the force of their product line for the bid market, where their appliances are complete and really getting their prices in line and we've eased that up with a lot more resources and focus.

    So I reflect fundamentally, they didn't try to execute a quick fix here. They try to really understand the market dynamics and address it.

    In addition, let me subsist pellucid about this, if you view at their platform for the cloud, a actual cloud platform to manage data and migrate it to the cloud and manage it in as a scale out platform and with Linux functionality, I reflect there is a stronger platform in the industry than what they fill here at Commvault.

    And we've been able to remove the next step and enhancing that platform for let's muster it multiple exabytes scale, which they anticipate will subsist in the market sometime early next fiscal year. It's not that far away. So I reflect technically we're in a really edifying position.

    I reflect we're seeing the actual traction from the consolidation taking region in the enterprise across the Board for data management functions. I reflect cyber is a vast driver of that and we've had really edifying success in taking major customers and they when they regain from major cyber attacks, they had most present at their proceed Conference as a edifying illustration of that.

    Clearly, things enjoy GDPR compliance are playing a role of that and the cloud is becoming increasing valuable and I don't reflect there is any platform on the planet that allows customers to natively consume the cloud and complete its aspects enjoy they have.

    So in spite of the changes the things they made, I reflect the company is fundamentally in a extremely sturdy strategic position to accelerate growth and they fill established a much more efficient cost structure to drive the bottom line.

    Jason Ader -- William Blair -- Analyst

    Thanks.

    Operator

    Thank you. Their next question comes from the line of Andrew Nowinski of Piper Jaffray. Your line is now open.

    Andrew Nowinski -- Piper Jaffray -- Analyst

    Okay. Thank you very much. edifying morning. So looking at glide 21, your assumptions for repeatable revenue growth hint growth of just 17% in fiscal '19. I reflect that decelerates to about 16% by fiscal '21, despite the amalgamate continuing to increase.

    Is that factoring in expense declines or why should they hope repeatable growth to basically top out at the fiscal '19 flat for just at the start of the transition and they haven't seen an repercussion from renewals yet?

    Brian Carolan -- Vice President and Chief financial Officer

    Well, again we're trying to subsist a minute bit conservative with their guidance out there Andy. So I reflect that we'll discern an acceleration. By FY '21, will subsist the first meaningful year, where they discern renewals start to happen, but they want to subsist reasonable with their expectations and so they actually discern that happen.

    Andrew Nowinski -- Piper Jaffray -- Analyst

    Okay. objective enough. And then in Europe, if I looked at the software revenue, it actually did decline about 17% this quarter despite the GDPR tailwinds. I guess, can you just give us an update on what's going on in Europe and other competitors, such as (inaudible) any pressure on your aptitude to grow revenue in Europe there?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    No. The EMEA team is consistently -- met their number or beat it and final quarter they basically took the territory out for about six weeks as we're going through this gross transition. So in some sense, the quarter really didn't start till the 1st of August.

    As far as they know their expectations for Q3 are for us very, very significant quarter-on-quarter growth. So I reflect what we've stated is accurate, that you can't draw any long-term conclusion from what happened final quarter, they really believe that the majority of that was disruption.

    Andrew Nowinski -- Piper Jaffray -- Analyst

    Okay, thanks, Bob.

    Operator

    Thank you. Their next question comes from the line of John DiFucci of Jefferies. Your line is now open.

    John DiFucci -- Jefferies -- Analyst

    Thank you. I fill a question for Brian and then maybe a follow-up for Bob. So Brian thanks again for complete that information on the transition of this subscription model, that's complete really helpful. But when they view at that -- the utility revenue, I reflect that's one piece that's going to cause some questions and I just want to acquire positive they understand that.

    Can you recount us about what the size or the percentage or the revenue of that revenue is enjoy on an annual basis and if you can, what the annual retention of that utility revenue is even if it's on a customer basis that they can sort of ascertain how repeatable that is?

    Brian Carolan -- Vice President and Chief financial Officer

    Sure. So the utility portion of the subscription revenue or repeatable revenue is actually -- it's relatively minute in the majestic scheme of the total. I would voice that their retention rate is extremely lofty on that.

    This is often a pay-as-you-go model based on usage. It's a quite sticky revenue stream that repeats typically every quarter and what we're trying to execute with the ACV metric is trying to annualize that as well, because it is on a rush rate that is fairly predictable for us. And it's not -- the majority of the revenue is not even immediate to that. They didn't voice what's the number is, but it is the smaller portion of that total.

    John DiFucci -- Jefferies -- Analyst

    Okay. Well that's a start. So thanks, it's small, but it does fill a pretty lofty retention rates. So that's edifying to hear. Okay. And Bob listen, so just to proceed along some of the questioning here, Commvault always had sturdy vision and products, sometimes getting to market has been a challenge, getting the products to market, but both -- both of those points, it's always been sturdy vision in compelling and terminate product, but go-to-market execution seems to fill been spotty over history.

    And you said this in this quarter, the disruption was greater than you expected and so we've heard enjoy in the territory of enjoy higher than conventional willing sales personnel attrition and it's -- so that seems enjoy the disruption is going to subsist -- it's going to persist here and I guess how execute you regain from that?

    I know you're trying to shift more to partners, but that likewise increases some risk to any kindly of shift those right. So I guess to some of those questions around enjoy how execute you feel confident about 9% growth next year, is it the fact that you just don't necessity sales as much as you did before with the shift to more of a product or partner-driven go-to-market strategy, because even in that case I don't know, it just look to subsist pretty valuable here.

    Robert Hammer -- Chairman, President and Chief Executive Officer

    Now, let's subsist clear. Sales is still really captious and the astound if you want to muster it a astound is we've always been sturdy in the enterprise and it drove a lot of their growth in their early years.

    And the enterprise for a brace of years shifted to buying point products, the next shiny box or whatever and that began shifting probably about six months ago, maybe a minute longer so a consolidated holistic play in the enterprise and that's really accelerated and those -- that gross chain of, bear if I just went through on consolidation, cost, cyber compliance and I'll just mention offline here that we've automated so much of the processes within data management now.

    So we've taken a lead in automation both on premise and the cloud. So you've got this massive shift in the enterprise that is more holistic enterprisewide solutions that requires a really sturdy enterprise sales constrain and I mentioned earlier, when they started Advance, but they wanted more leverage with distribution partners in the enterprise and now we've got the combination of those two.

    And then the mid-market, even though they shifted more resources to partners that's a process that is not going to betide in a day. It is happening as they speak, we're seeing in, but that engine will gain momentum quarter-on-quarter. So the answer is sales for their trade is still extremely valuable and yes, there's no doubt when you acquire major changes enjoy this and these are fundamental. They didn't try to troop aid it and they did it quickly.

    You're going to discern some disruption because it's not only structure that they changed. Its comp and a lot of other things and pricing. So I believe the pluses well outweigh the risks on the bottom, but I don't want to minimize that they won't discern some attrition, disruption as they manage their way through that. But I reflect it will subsist manageable, because they got so many strengths now for their salespeople to hit their quotas and acquire a lot of money.

    John DiFucci -- Jefferies -- Analyst

    So it sounds enjoy sales or willing sales attrition from what we're hearing in the field, it sounds enjoy it's accurate, but there's so many things going on here that you reflect you'd subsist able to offset that?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    Yes, and view some of that goes on when you acquire major change.

    John DiFucci -- Jefferies -- Analyst

    Yeah, OK. Well thank you guys.

    Operator

    Thank you. Their next question comes from the line of Alex Kurtz of KeyBanc Capital Markets.Your line is now open.

    Alex Kurtz -- KeyBanc Capital Markets -- Analyst

    Yeah, thanks guys. edifying morning. I just want to follow up on that final question, Bob, are you taking any specific actions with your top reps to incentivize them, specifically to sojourn on for the next brace of quarters as you proceed through this transition, is there any specific actions you're taking? I know there is a lot of organizational changes here. I was wondering if there was a program around the sales constrain around retention.

    Robert Hammer -- Chairman, President and Chief Executive Officer

    The answer is just in universal they are taking specific action in specific cases and trying to acquire it easier for their sales teams to merit their quotas. There is not a universal corporatewide action. There are specific actions in the field.

    Alex Kurtz -- KeyBanc Capital Markets -- Analyst

    Okay. And Bob just competitively in the US, especially I know there's been a lot of discussion final brace of earnings calls around a brace of emerging platforms that are competing in the channel, just any kindly of update in what you're seeing quarter-to-date, year-to-date, any changes sequentially?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    Well, in the enterprise, we're seeing a significant resurgence against complete the competitors, legacy and the fresh competitors in the midmarket and certain, I'll muster lower scale deployment enterprise. They clearly discern the fresh converged guys in the market and they fill a lot of momentum, but now you've got a Commvault with a complete product line and much stronger distribution, to deal with that I can say.

    When they win into head-to-head competition now when they are there, they fill a really lofty win rate, because it's just the breadth and depth of what we're doing in terms of -- and having products that are not only competitive, what they have, but proceed way beyond their capability, particularly in their aptitude to wobble data into the cloud to manage it in the cloud and manage it back for a data protection that complete the automated and orchestration capabilities they fill for debt test DRs and a class by itself now.

    So I reflect we're in a really solid position technically and I reflect we've done a lot to fundamentally change their -- and strengthen their go-to-market. So I reflect internally they feel really edifying about complete those although it was painful in the near term.

    Alex Kurtz -- KeyBanc Capital Markets -- Analyst

    Understood. And Brian, just final question for me, I reflect historically you've called out the subscription headwind, but the dollars, I reflect you've kindly of projected what the delta would fill been. Sorry if I missed it this earnings call, but fill you called that out yet?

    Brian Carolan -- Vice President and Chief financial Officer

    No, they didn't keep a number on that. I'd voice it's fairly consistent with what they did in prior quarters. It's probably in that $3 million to $4 million range, the headwind.

    Alex Kurtz -- KeyBanc Capital Markets -- Analyst

    Great. Okay. complete right, thanks guys.

    Operator

    Thank you. Their next question comes from the line of Eric Martinuzzi of Lake Street. Your line is now open.

    Eric Martinuzzi -- Lake Street -- Analyst

    Yeah, my question has to execute with brace of your key channel partners, just wondering sometimes I've grown num to the HPE, the annual HPE announcement or the annual NetApp announcement. Obviously given the shift to channel dependency here and away from the direct side, what fill they done differently this year versus past years?

    I feel enjoy you've always had products that play well with them, but what are the one or two significant changes with those two key partners?

    Robert Hammer -- Chairman, President and Chief Executive Officer

    I'll remove HP and I'll let Al remove the NerApp. The dissimilarity is that they fill what I muster fully integrated online plays with HP. So when they proceed to market, they proceed to market with a solution that includes Commvault as far as solution and that's brand new.

    That agreement was completely fresh agreement that was executed this summer and basically went into market over the final brace of months. They fill significant deals in the funnel with them that are actual that will most likely immediate this quarter.

    In addition to that, for example, HB had 30 people at their ally conference this year and they've had of storage that's working with us outline globally, complete their major accounts with Commvault, so that's really edifying on the ground integration with HP. So they keep the resources, they fill the aligned plays. We've got pricing. So they got I'd voice extremely edifying alignment with them and they're putting a lot of resource behind their partnership.

    So I'm really confident about kindly of where they are with them and we're likewise seeing it in their funnel growth. So it's radically different from anything we've had in the past with HP and its brand fresh and I'll let Al remove the NerApp.

    Al Bunte -- COO

    Yeah, and I reflect NetApp is similar to what Bob just said on HPE. Lots of programs, lots of campaigns, lots of sales initiatives, but I reflect overall, one that Bob didn't talk about, it's applicable across complete of their major particularly storage or infrastructure partners is their aptitude to deal with software-defined secondary storage.

    Notably came out with their HyperScale both Appliance and reference architecture programs and I think, Eric and you would know this, we're seeing a major, major battleground developing for secondary storage. It's complete predicted that there's going to subsist a huge amount of movement in this direction.

    We likewise reflect in the current market that there is lot of vulnerability, to older technologies, expensive technologies and again the modern scale-out HyperScale environment is extremely compelling. So they discern a number of again what I'd muster historic storage suppliers wanting to participate in this kindly of trend.

    Robert Hammer -- Chairman, President and Chief Executive Officer

    Yean and Al just made a really edifying point and HyperScale in HP's case, they drive that on their Apollo, whether Apollo servers. So it's not just appliances, it's on their own server infrastructure for secondary storage and concurrent with that, there is no doubt that their platform and its aptitude to seamlessly manage data on premise and in the cloud across an enterprise is a major strategic advantage versus anybody out there.

    Eric Martinuzzi -- Lake Street -- Analyst

    Okay. Because that's -- they don't lack for people looking out your competitors likewise fill programs with them. So I'm joyous to hear there is higher flat of executive commitment for you guys.

    Brian Carolan -- Vice President and Chief financial Officer

    Higher flat of integration.

    Robert Hammer -- Chairman, President and Chief Executive Officer

    And to subsist pellucid in HPE case and they execute fill a competitor, in the enterprise they're focused with Commvault and the enterprise. The HPE play is mainly a large enterprise -- global large enterprise play.

    Eric Martinuzzi -- Lake Street -- Analyst

    Okay. Thank you.

    Operator

    Thank you. And I'm showing no further questions at this time. Ladies and gentlemen, thank you for participating in today's conference. This concludes today's program. You may complete disconnect. Everyone fill a worthy day.

    Duration: 74 minutes

    Call participants:

    Michael Picariello -- MD of Americas Research

    Robert Hammer -- Chairman, President and Chief Executive Officer

    Brian Carolan -- Vice President and Chief financial Officer

    Joel Fishbein -- BTIG, LLC -- Analyst

    Aaron Rakers, -- Wells Fargo -- Analyst

    Jason Ader -- William Blair -- Analyst

    Andrew Nowinski -- Piper Jaffray -- Analyst

    John DiFucci -- Jefferies -- Analyst

    Alex Kurtz -- KeyBanc Capital Markets -- Analyst

    Eric Martinuzzi -- Lake Street -- Analyst

    Al Bunte -- COO

    More CVLT analysis

    Transcript powered by AlphaStreet

    This article is a transcript of this conference muster produced for The Motley Fool. While they strive for their foolish Best, there may subsist errors, omissions, or inaccuracies in this transcript. As with complete their articles, The Motley Fool does not assume any responsibility for your consume of this content, and they strongly animate you to execute your own research, including listening to the muster yourself and reading the company's SEC filings. tickle discern their Terms and Conditions for additional details, including their Obligatory Capitalized Disclaimers of Liability.

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    Medtronic's CEO Hosts 2012 Investor Conference (Transcript) | killexams.com actual questions and Pass4sure dumps

    No result found, try fresh keyword!Well, when you reflect about it, although they are different in every country in the world and in every system, and they don't quite know how they'll play out, there are some fundamentals which ... and ou...

    Creating a DNS Service on the Cloud | killexams.com actual questions and Pass4sure dumps

    IBM Senior Software Engineer Alexander Amies and IBM Software Engineer Pan Xia Zou contend how to configure and consume a DNS server for management of virtual machines on the cloud. This is described in the context of a cloud-based virtual local region network and scripting to automate network configuration of virtual machines. One of the architects of the IBM SmartCloud Enterprise platform, Alex is a co-author of Developing and Hosting Applications on the Cloud. From the author of 

    The domain designation system (DNS) is a fundamental structure block of the World Wide Web, and DNS can subsist a powerful instrument in public and private cloud computing. You can consume DNS to decipher many practical problems associated with the dynamic nature of cloud server provisioning. In particular, DNS can acquire virtual machine images, migration, and workloads portable.

    This article presents an overview of the reasons and challenges for hostname management of virtual machines on the cloud. They narrate client setup on Windows and Linux systems, and server setup and maintenance with the BIND DNS server on Linux. Finally, they outline how to automate and externalize DNS and network configuration of Linux virtual machines with image-customization scripts.

    The procedures in this article were tested with IBM SmartCloud Enterprise (SCE). The principles they contend apply to other Infrastructure as a Service (IaaS) clouds as well. However, no warranty is given that the tools and techniques described here will work. The opinions presented are those of the authors and not IBM.



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