1) Symantec reported revenue growth of 16% year-over-year and 7% quarter-over-quarter for its fiscal first quarter of 2009. Non-GAAP earnings per share grew 38% year-over-year and 11% quarter-over-quarter.
2) By segment, Security & Compliance revenue grew 12% year-over-year and 5% quarter-over-quarter, while Storage and Server Management grew 20% and 9% respectively.
3) Internationally, revenue grew 19% year-over-year and 7% quarter-over-quarter, while in the US revenue grew 13% and 7% respectively.
1) Symantec reported fiscal Q2 2009 non-GAAP revenue of $1.523 billion, up 6% year-over-year but down 8% quarter-over-quarter.
2) Notable metrics include non-GAAP EPS of $0.37, up 28% year-over-year but down 8% quarter-over-quarter, and cash position of $2.305 billion, up 15% year-over-year and 1% quarter-over-quarter.
3) By segment, Security & Compliance revenue was $403 million, up 1% year-over-year but down 10% quarter-over-quarter.
Symantec reported its fiscal 2009 third quarter supplemental financial information. Key highlights include:
- Non-GAAP revenue increased 1% year-over-year to $1.538 billion. GAAP revenue was flat at $1.514 billion.
- Diluted non-GAAP EPS grew 27% to $0.42. Diluted GAAP EPS was $(8.23).
- Security and compliance revenue declined 5% to $396 million. Storage and server management grew 1% to $569 million.
- International revenue declined 5% to $771 million. US revenue grew 7% to $768 million.
- Operating expenses declined 7% to $838 million. Operating income grew 18
Symantec Corporation reported financial results for its fiscal 2008 fourth quarter and full year. Non-GAAP revenue grew 13% year-over-year for both the quarter and full year. GAAP revenue also grew 13% for the quarter and full year. Non-GAAP EPS grew 50% for the quarter to $0.36 and 26% for the full year to $1.27. Security and Compliance segment revenue grew 21% for the quarter and 19% for the full year. International revenue grew 15% for the quarter and 16% for the full year.
Symantec Corporation reported financial results for its fiscal 2008 fourth quarter and full year. Non-GAAP revenue grew 13% year-over-year for both the quarter and full year. Non-GAAP EPS grew 50% for the quarter to $0.36 and 26% for the full year to $1.27. Revenue from the Security and Compliance segment grew 21% year-over-year for the quarter. International revenue grew 15% year-over-year for the quarter. Operating expenses as a percentage of revenue declined from 62% to 58% year-over-year for the quarter.
(1) Symantec reported financial results for its third quarter of fiscal year 2008, including revenue, earnings, expenses, cash flows, and other metrics. Total non-GAAP revenue increased 15% year-over-year and 6% quarter-over-quarter.
(2) By segment, the Security & Data Management and Data Center Management segments saw the largest revenue increases both year-over-year and quarter-over-quarter. The recently acquired Altiris segment also experienced significant growth.
(3) Geographically, international revenue experienced the strongest growth at 21% year-over-year, with the EMEA region increasing 26% year-over-year.
- Yahoo reported Q1 2009 revenue ex-TAC of $1.156 billion, down 14% year-over-year and 16% quarter-over-quarter. Operating cash flow was $409 million, down 4% year-over-year.
- U.S. revenue ex-TAC was $897.8 million, down 13% year-over-year, while international revenue ex-TAC was $258.5 million, down 20% year-over-year.
- Non-GAAP net income per share was $0.15 compared to $0.18 in Q1 2008.
Yahoo reported its Q4'08 financial results, with revenue of $1.806 billion, down 1% year-over-year. Operating cash flow was negative $60 million compared to $527 million in Q4'07, due to a $488 million goodwill impairment charge related to Yahoo's international segment. Free cash flow was not meaningful compared to $647 million in Q4'07. Non-GAAP net income per share was $0.09 compared to $0.13 in Q4'07, excluding various one-time charges and costs related to strategic initiatives and restructuring activities.
1) Symantec reported fiscal Q2 2009 non-GAAP revenue of $1.523 billion, up 6% year-over-year but down 8% quarter-over-quarter.
2) Notable metrics include non-GAAP EPS of $0.37, up 28% year-over-year but down 8% quarter-over-quarter, and cash position of $2.305 billion, up 15% year-over-year and 1% quarter-over-quarter.
3) By segment, Security & Compliance revenue was $403 million, up 1% year-over-year but down 10% quarter-over-quarter.
Symantec reported its fiscal 2009 third quarter supplemental financial information. Key highlights include:
- Non-GAAP revenue increased 1% year-over-year to $1.538 billion. GAAP revenue was flat at $1.514 billion.
- Diluted non-GAAP EPS grew 27% to $0.42. Diluted GAAP EPS was $(8.23).
- Security and compliance revenue declined 5% to $396 million. Storage and server management grew 1% to $569 million.
- International revenue declined 5% to $771 million. US revenue grew 7% to $768 million.
- Operating expenses declined 7% to $838 million. Operating income grew 18
Symantec Corporation reported financial results for its fiscal 2008 fourth quarter and full year. Non-GAAP revenue grew 13% year-over-year for both the quarter and full year. GAAP revenue also grew 13% for the quarter and full year. Non-GAAP EPS grew 50% for the quarter to $0.36 and 26% for the full year to $1.27. Security and Compliance segment revenue grew 21% for the quarter and 19% for the full year. International revenue grew 15% for the quarter and 16% for the full year.
Symantec Corporation reported financial results for its fiscal 2008 fourth quarter and full year. Non-GAAP revenue grew 13% year-over-year for both the quarter and full year. Non-GAAP EPS grew 50% for the quarter to $0.36 and 26% for the full year to $1.27. Revenue from the Security and Compliance segment grew 21% year-over-year for the quarter. International revenue grew 15% year-over-year for the quarter. Operating expenses as a percentage of revenue declined from 62% to 58% year-over-year for the quarter.
(1) Symantec reported financial results for its third quarter of fiscal year 2008, including revenue, earnings, expenses, cash flows, and other metrics. Total non-GAAP revenue increased 15% year-over-year and 6% quarter-over-quarter.
(2) By segment, the Security & Data Management and Data Center Management segments saw the largest revenue increases both year-over-year and quarter-over-quarter. The recently acquired Altiris segment also experienced significant growth.
(3) Geographically, international revenue experienced the strongest growth at 21% year-over-year, with the EMEA region increasing 26% year-over-year.
- Yahoo reported Q1 2009 revenue ex-TAC of $1.156 billion, down 14% year-over-year and 16% quarter-over-quarter. Operating cash flow was $409 million, down 4% year-over-year.
- U.S. revenue ex-TAC was $897.8 million, down 13% year-over-year, while international revenue ex-TAC was $258.5 million, down 20% year-over-year.
- Non-GAAP net income per share was $0.15 compared to $0.18 in Q1 2008.
Yahoo reported its Q4'08 financial results, with revenue of $1.806 billion, down 1% year-over-year. Operating cash flow was negative $60 million compared to $527 million in Q4'07, due to a $488 million goodwill impairment charge related to Yahoo's international segment. Free cash flow was not meaningful compared to $647 million in Q4'07. Non-GAAP net income per share was $0.09 compared to $0.13 in Q4'07, excluding various one-time charges and costs related to strategic initiatives and restructuring activities.
- Yahoo reported Q3 2008 revenue of $1.786 billion, a 1% increase year-over-year. Revenue excluding traffic acquisition costs (Revenue ex-TAC) decreased 2% year-over-year to $1.325 billion.
- Operating cash flow (OCF) for Q3 2008 was $410 million, a 12% decrease year-over-year, and included $37 million in costs related to Microsoft proposals and other strategic initiatives.
- Free cash flow (FCF) for Q3 2008 was $231 million, a 52% FCF to OCF ratio, and included a one-time payment from AT&T in the prior quarter.
- Non-GAAP earnings
The document provides an earnings release and financial summary for a company's first quarter 2007 performance. It summarizes key financial metrics such as 18% growth in earnings per share and 19% growth in revenues compared to the first quarter of 2006. The summary also breaks down performance by business segment, noting revenue growth and factors such as acquisitions, core growth, and foreign exchange impacts. An outlook for 2007 is presented along with guidance.
- Dover Corporation reported record first quarter revenue, earnings, and bookings. Revenue increased 18% year-over-year to $1.8 billion and earnings per share grew 5% to $0.67.
- Segment margins declined 210 basis points to 13.0% due to weaker performance in Automation & Test end-markets and higher costs. However, organic growth was 3.8% and acquisition growth was 12.0%.
- Free cash flow decreased 82% to $16.7 million due to higher compensation and benefits payments, taxes, and capital expenditures. The company expects full-year free cash flow to be 8-10% of revenue.
- Yahoo reported its financial results for Q4 2007 with total revenue of $1.83 billion, up 4% from the previous quarter. Revenue excluding traffic acquisition costs was $1.40 billion, up 9% quarter-over-quarter.
- Operating cash flow for Q4 2007 was $527.1 million, a 13% increase from the previous quarter. However, operating cash flow declined 2% year-over-year.
- For fiscal year 2008, Yahoo expects total revenue between $7.2-8 billion and revenue excluding traffic acquisition costs of $5.35-5.95 billion. The company expects operating cash flow of $1.73-1.98 billion for 2008.
Melbourne IT FY 2011 Investor PresentationMelbourne IT
- The company reported a 5% decline in revenue and 11% decline in EBIT for the full year 2011 compared to 2010, impacted by a strong Australian dollar and $3 million in transformation costs. Excluding transformation costs, EBIT declined 4%.
- Revenue for the second half of 2011 increased 5% compared to the first half, with EBIT increasing 70% and NPAT increasing 76% over the same period.
- The Digital Brand Services division saw revenue growth of 8% for the full year and EBIT growth of 41%, driven by strong performance in the second half from new .brand domain applications and brand protection services.
- The company reported a 25% increase in earnings per share for the third quarter of 2007 compared to the same period in 2006. Revenues increased 13.5% to $2.731 billion for the third quarter.
- For the year-to-date period, earnings per share rose 12% while revenues increased 15.5% to $6.841 billion.
- Operating margins increased 90 basis points to 17% for the third quarter and operating profit rose 20%.
The document summarizes the company's financial performance for the third quarter of 2006. It reports earnings per share growth of 19% and revenue growth of 21% compared to the third quarter of 2005. Gross margins increased 200 basis points and operating margins decreased 20 basis points for the quarter. The company also provides breakdowns of revenue growth and operating margins by business segment for the third quarter and year-to-date periods. The document concludes with an outlook section.
Eagle Materials Inc. reported financial results for the fourth quarter and fiscal year 2009. Revenues declined 25% to $108.9 million for the quarter and 20% to $602.2 million for the fiscal year. However, operating earnings increased 11% to $20.4 million for the quarter due to lower costs, despite a 41% decline to $108 million for the fiscal year. Earnings per share increased 129% to $0.16 for the quarter but declined 55% to $0.95 for the fiscal year. Wallboard and cement revenues and operating earnings declined for both periods compared to the prior year. Cash flow from operations declined 47% for the fiscal year.
Adobe PDF Q1 2003 Earnings Release Presentationfinance7
The document summarizes Motorola's Q1 2003 earnings release conference call. It provides slides presented by Motorola executives discussing financial results including a 2% decline in sales but improved earnings per share. Gross margin and operating margin improved due to cost reduction efforts. Motorola's workforce was estimated to decrease to approximately 90,000 by the end of 2003 through outsourcing, attrition and reductions. Research and development spending remained relatively stable.
- Yahoo reported Q2'08 financial highlights including revenue ex-TAC of $1.346 billion, up 8% year-over-year but flat quarter-over-quarter.
- Operating cash flow was $427 million in Q2'08, down 10% year-over-year and 1% quarter-over-quarter.
- For full-year 2008, Yahoo estimates revenue of $7.35-7.85 billion, operating cash flow of $1.825-1.975 billion, and free cash flow of $900 million to $1.05 billion.
This document contains summaries of several open job positions:
1. A market manager position in spirits sales in Tennessee requiring 3-5 years of alcoholic beverage sales experience, managing multiple brands, and willingness to travel 50% and work weekends.
2. A military sales manager position requiring 5+ years of inside/outside sales experience selling to the armed forces and a metrics-driven work style.
3. Automotive aftermarket district or technical sales manager positions in several cities requiring drive shaft component experience.
4. A securities associate attorney position requiring 4-8 years of legal experience, willingness to relocate, and preference for international experience.
The document provides an analysis of the real estate market in Princeton and Greater Princeton, NJ from January 2020. It discusses inventory levels, pending sales, absorption rates and other metrics in different towns over the past 3-4 years. The markets show signs of stability with absorption rates around 10 months and inventory either steady or declining in most towns. The summary also notes signs of modest price increases in the state.
The document provides 101 tips for making an office more environmentally friendly, organized into categories such as waste reduction, recycling, behavioral changes, space utilization, purchasing, and transportation. Some key tips include setting up individual and common area recycling bins, reusing materials like shipping boxes and scrap paper, encouraging double-sided printing and electronic documents to reduce paper usage, purchasing recycled and energy efficient supplies, and promoting alternatives to driving alone to work like public transit, biking, or telecommuting. The tips are meant to help offices reduce waste and environmental impact through small changes in operations, materials purchasing, and employee behaviors.
The document is BGC Partners' 4Q 2013 earnings presentation. It provides an overview of BGC Partners' 4Q 2013 financial results compared to 4Q 2012, including a 41.9% increase in post-tax distributable earnings per share. It also discusses segment results, with Financial Services revenues down slightly and Real Estate Services revenues up significantly. Additionally, it reviews BGC's business lines, product diversity, front office metrics, and provides context around current market conditions.
This newsletter from St. Peter & St. Paul Episcopal Church provides information on upcoming events and ministries of the church. It discusses Father Robert Certain's thoughts on sacrifice as a love gift in the Eucharist. It also announces upcoming events like a rib festival fundraiser, recognition of Education for Ministry graduates, and the work of ministries like Cool Girls and the parish nurse program. The vestry goals for building membership, addressing debt, and becoming a resource church are also outlined.
Presentation by Jürgen Stark, Member of the Executive Board of the ECB at the Bank of Latvia conference "Global Challenges and Local Opportunities: Achievements and Prospects in the Baltic States"
Riga, 12 October 2011
The analyst briefing document provides an overview of Alliance Financial Group's performance for the first nine months of fiscal year 2014:
26.7
25
80%
20
60%
15
40%
10
20%
5
0%
0
9MFY10
9MFY11
9MFY12
9MFY13
9MFY14 vs 9MFY13
+ RM3.6 bil
+ 13.2%
9MFY14
- Net loans grew 13.2% year-over-year to RM30.3 billion, driven by consumer lending
This document discusses security issues with SCADA (Supervisory Control and Data Acquisition) systems. SCADA systems are used to control critical infrastructure like water treatment plants, oil pipelines, and nuclear power plants. However, SCADA systems often use outdated protocols and hardware with no security protections. They are vulnerable to attacks that could disrupt important systems or endanger public safety. The document outlines several past attacks on SCADA systems and control failures that highlight the security risks if these systems are not properly protected from cyber threats.
1) Symantec reported fiscal Q2 2009 non-GAAP revenue of $1.523 billion, up 6% year-over-year but down 8% quarter-over-quarter.
2) Notable metrics include non-GAAP EPS of $0.37, up 28% year-over-year but down 8% quarter-over-quarter, and cash position of $2.305 billion, up 15% year-over-year.
3) By segment, Security & Compliance revenue was $403 million, up 1% year-over-year but down 10% quarter-over-quarter.
Symantec reported financial results for its fiscal third quarter of 2009. Total revenue was $1.538 billion, up 1% year-over-year. Non-GAAP earnings per share increased 27% to $0.42. Security and compliance revenue declined 5% to $396 million. Cash and short-term investments totaled $1.529 billion, down 22% from the previous quarter.
Symantec reported financial results for its fiscal third quarter of 2009. Total revenue was $1.538 billion, up 1% year-over-year. Non-GAAP earnings per share increased 27% to $0.42. Security and compliance revenue declined 5% to $396 million, while storage and server management revenue rose 1% to $569 million. Cash and investments totaled $1.529 billion at the end of the quarter, down 22% from the prior quarter.
Yahoo reported its Q4'08 financial results, with revenue of $1.806 billion, down 1% year-over-year. Operating cash flow was negative $60 million compared to $527 million in Q4'07, due to a $488 million goodwill impairment charge related to Yahoo's international segment. Free cash flow was not meaningful compared to $647 million in Q4'07. Non-GAAP net income per share was $0.09 compared to $0.13 in Q4'07, excluding various one-time charges and costs related to strategic initiatives and restructuring activities.
- Yahoo reported Q3 2008 revenue of $1.786 billion, a 1% increase year-over-year. Revenue excluding traffic acquisition costs (Revenue ex-TAC) decreased 2% year-over-year to $1.325 billion.
- Operating cash flow (OCF) for Q3 2008 was $410 million, a 12% decrease year-over-year, and included $37 million in costs related to Microsoft proposals and other strategic initiatives.
- Free cash flow (FCF) for Q3 2008 was $231 million, a 52% FCF to OCF ratio, and included a one-time payment from AT&T in the prior quarter.
- Non-GAAP earnings
The document provides an earnings release and financial summary for a company's first quarter 2007 performance. It summarizes key financial metrics such as 18% growth in earnings per share and 19% growth in revenues compared to the first quarter of 2006. The summary also breaks down performance by business segment, noting revenue growth and factors such as acquisitions, core growth, and foreign exchange impacts. An outlook for 2007 is presented along with guidance.
- Dover Corporation reported record first quarter revenue, earnings, and bookings. Revenue increased 18% year-over-year to $1.8 billion and earnings per share grew 5% to $0.67.
- Segment margins declined 210 basis points to 13.0% due to weaker performance in Automation & Test end-markets and higher costs. However, organic growth was 3.8% and acquisition growth was 12.0%.
- Free cash flow decreased 82% to $16.7 million due to higher compensation and benefits payments, taxes, and capital expenditures. The company expects full-year free cash flow to be 8-10% of revenue.
- Yahoo reported its financial results for Q4 2007 with total revenue of $1.83 billion, up 4% from the previous quarter. Revenue excluding traffic acquisition costs was $1.40 billion, up 9% quarter-over-quarter.
- Operating cash flow for Q4 2007 was $527.1 million, a 13% increase from the previous quarter. However, operating cash flow declined 2% year-over-year.
- For fiscal year 2008, Yahoo expects total revenue between $7.2-8 billion and revenue excluding traffic acquisition costs of $5.35-5.95 billion. The company expects operating cash flow of $1.73-1.98 billion for 2008.
Melbourne IT FY 2011 Investor PresentationMelbourne IT
- The company reported a 5% decline in revenue and 11% decline in EBIT for the full year 2011 compared to 2010, impacted by a strong Australian dollar and $3 million in transformation costs. Excluding transformation costs, EBIT declined 4%.
- Revenue for the second half of 2011 increased 5% compared to the first half, with EBIT increasing 70% and NPAT increasing 76% over the same period.
- The Digital Brand Services division saw revenue growth of 8% for the full year and EBIT growth of 41%, driven by strong performance in the second half from new .brand domain applications and brand protection services.
- The company reported a 25% increase in earnings per share for the third quarter of 2007 compared to the same period in 2006. Revenues increased 13.5% to $2.731 billion for the third quarter.
- For the year-to-date period, earnings per share rose 12% while revenues increased 15.5% to $6.841 billion.
- Operating margins increased 90 basis points to 17% for the third quarter and operating profit rose 20%.
The document summarizes the company's financial performance for the third quarter of 2006. It reports earnings per share growth of 19% and revenue growth of 21% compared to the third quarter of 2005. Gross margins increased 200 basis points and operating margins decreased 20 basis points for the quarter. The company also provides breakdowns of revenue growth and operating margins by business segment for the third quarter and year-to-date periods. The document concludes with an outlook section.
Eagle Materials Inc. reported financial results for the fourth quarter and fiscal year 2009. Revenues declined 25% to $108.9 million for the quarter and 20% to $602.2 million for the fiscal year. However, operating earnings increased 11% to $20.4 million for the quarter due to lower costs, despite a 41% decline to $108 million for the fiscal year. Earnings per share increased 129% to $0.16 for the quarter but declined 55% to $0.95 for the fiscal year. Wallboard and cement revenues and operating earnings declined for both periods compared to the prior year. Cash flow from operations declined 47% for the fiscal year.
Adobe PDF Q1 2003 Earnings Release Presentationfinance7
The document summarizes Motorola's Q1 2003 earnings release conference call. It provides slides presented by Motorola executives discussing financial results including a 2% decline in sales but improved earnings per share. Gross margin and operating margin improved due to cost reduction efforts. Motorola's workforce was estimated to decrease to approximately 90,000 by the end of 2003 through outsourcing, attrition and reductions. Research and development spending remained relatively stable.
- Yahoo reported Q2'08 financial highlights including revenue ex-TAC of $1.346 billion, up 8% year-over-year but flat quarter-over-quarter.
- Operating cash flow was $427 million in Q2'08, down 10% year-over-year and 1% quarter-over-quarter.
- For full-year 2008, Yahoo estimates revenue of $7.35-7.85 billion, operating cash flow of $1.825-1.975 billion, and free cash flow of $900 million to $1.05 billion.
This document contains summaries of several open job positions:
1. A market manager position in spirits sales in Tennessee requiring 3-5 years of alcoholic beverage sales experience, managing multiple brands, and willingness to travel 50% and work weekends.
2. A military sales manager position requiring 5+ years of inside/outside sales experience selling to the armed forces and a metrics-driven work style.
3. Automotive aftermarket district or technical sales manager positions in several cities requiring drive shaft component experience.
4. A securities associate attorney position requiring 4-8 years of legal experience, willingness to relocate, and preference for international experience.
The document provides an analysis of the real estate market in Princeton and Greater Princeton, NJ from January 2020. It discusses inventory levels, pending sales, absorption rates and other metrics in different towns over the past 3-4 years. The markets show signs of stability with absorption rates around 10 months and inventory either steady or declining in most towns. The summary also notes signs of modest price increases in the state.
The document provides 101 tips for making an office more environmentally friendly, organized into categories such as waste reduction, recycling, behavioral changes, space utilization, purchasing, and transportation. Some key tips include setting up individual and common area recycling bins, reusing materials like shipping boxes and scrap paper, encouraging double-sided printing and electronic documents to reduce paper usage, purchasing recycled and energy efficient supplies, and promoting alternatives to driving alone to work like public transit, biking, or telecommuting. The tips are meant to help offices reduce waste and environmental impact through small changes in operations, materials purchasing, and employee behaviors.
The document is BGC Partners' 4Q 2013 earnings presentation. It provides an overview of BGC Partners' 4Q 2013 financial results compared to 4Q 2012, including a 41.9% increase in post-tax distributable earnings per share. It also discusses segment results, with Financial Services revenues down slightly and Real Estate Services revenues up significantly. Additionally, it reviews BGC's business lines, product diversity, front office metrics, and provides context around current market conditions.
This newsletter from St. Peter & St. Paul Episcopal Church provides information on upcoming events and ministries of the church. It discusses Father Robert Certain's thoughts on sacrifice as a love gift in the Eucharist. It also announces upcoming events like a rib festival fundraiser, recognition of Education for Ministry graduates, and the work of ministries like Cool Girls and the parish nurse program. The vestry goals for building membership, addressing debt, and becoming a resource church are also outlined.
Presentation by Jürgen Stark, Member of the Executive Board of the ECB at the Bank of Latvia conference "Global Challenges and Local Opportunities: Achievements and Prospects in the Baltic States"
Riga, 12 October 2011
The analyst briefing document provides an overview of Alliance Financial Group's performance for the first nine months of fiscal year 2014:
26.7
25
80%
20
60%
15
40%
10
20%
5
0%
0
9MFY10
9MFY11
9MFY12
9MFY13
9MFY14 vs 9MFY13
+ RM3.6 bil
+ 13.2%
9MFY14
- Net loans grew 13.2% year-over-year to RM30.3 billion, driven by consumer lending
This document discusses security issues with SCADA (Supervisory Control and Data Acquisition) systems. SCADA systems are used to control critical infrastructure like water treatment plants, oil pipelines, and nuclear power plants. However, SCADA systems often use outdated protocols and hardware with no security protections. They are vulnerable to attacks that could disrupt important systems or endanger public safety. The document outlines several past attacks on SCADA systems and control failures that highlight the security risks if these systems are not properly protected from cyber threats.
1) Symantec reported fiscal Q2 2009 non-GAAP revenue of $1.523 billion, up 6% year-over-year but down 8% quarter-over-quarter.
2) Notable metrics include non-GAAP EPS of $0.37, up 28% year-over-year but down 8% quarter-over-quarter, and cash position of $2.305 billion, up 15% year-over-year.
3) By segment, Security & Compliance revenue was $403 million, up 1% year-over-year but down 10% quarter-over-quarter.
Symantec reported financial results for its fiscal third quarter of 2009. Total revenue was $1.538 billion, up 1% year-over-year. Non-GAAP earnings per share increased 27% to $0.42. Security and compliance revenue declined 5% to $396 million. Cash and short-term investments totaled $1.529 billion, down 22% from the previous quarter.
Symantec reported financial results for its fiscal third quarter of 2009. Total revenue was $1.538 billion, up 1% year-over-year. Non-GAAP earnings per share increased 27% to $0.42. Security and compliance revenue declined 5% to $396 million, while storage and server management revenue rose 1% to $569 million. Cash and investments totaled $1.529 billion at the end of the quarter, down 22% from the prior quarter.
Yahoo reported its Q4'08 financial results, with revenue of $1.806 billion, down 1% year-over-year. Operating cash flow was negative $60 million compared to $527 million in Q4'07, due to a $488 million goodwill impairment charge related to Yahoo's international segment. Free cash flow was not meaningful compared to $647 million in Q4'07. Non-GAAP net income per share was $0.09 compared to $0.13 in Q4'07, excluding various one-time charges and costs related to strategic initiatives and restructuring activities.
- Yahoo reported Q1 2009 revenue ex-TAC of $1.156 billion, down 14% year-over-year and 16% quarter-over-quarter. Operating cash flow was $409 million, down 4% year-over-year.
- U.S. revenue ex-TAC was $897.8 million, down 13% year-over-year, while international revenue ex-TAC was $258.5 million, down 20% year-over-year.
- Non-GAAP net income per share was $0.15 compared to $0.18 in Q1 2008.
- Yahoo reported Q3 2008 revenue of $1.786 billion, up 1% year-over-year. Revenue excluding traffic acquisition costs was $1.325 billion, down 2% quarter-over-quarter.
- Operating cash flow for Q3 2008 was $410 million, down 12% year-over-year and 4% quarter-over-quarter.
- Free cash flow for Q3 2008 was $231 million, down from $647 million in Q3 2007. Cash and marketable securities totaled $3.299 billion at the end of Q3 2008.
- Yahoo reported Q3 2008 revenue of $1.786 billion, up 1% year-over-year. Revenue excluding traffic acquisition costs was $1.325 billion, down 2% quarter-over-quarter.
- Operating cash flow for Q3 2008 was $410 million, down 12% year-over-year and 4% quarter-over-quarter. Operating cash flow as a percentage of revenue excluding TAC was 31%.
- Free cash flow for Q3 2008 was $231 million, down from $647 million in Q1 2008. Cash and marketable securities totaled $3.299 billion at the end of Q3 2008.
- Yahoo reported Q3 2008 revenue of $1.786 billion, up 1% year-over-year. Revenue excluding traffic acquisition costs was $1.325 billion, down 2% quarter-over-quarter.
- Operating cash flow for Q3 2008 was $410 million, down 12% year-over-year and 4% quarter-over-quarter. Operating cash flow as a percentage of revenue excluding TAC was 31%.
- Free cash flow for Q3 2008 was $231 million, down from $647 million in Q1 2008. Cash and marketable securities totaled $3.299 billion at the end of Q3 2008.
- Yahoo reported Q3 2008 revenue of $1.786 billion, up 1% year-over-year. Revenue excluding traffic acquisition costs was $1.325 billion, down 2% quarter-over-quarter.
- Operating cash flow for Q3 2008 was $410 million, down 12% year-over-year and 4% quarter-over-quarter. Operating cash flow as a percentage of revenue excluding TAC was 31%.
- Free cash flow for Q3 2008 was $231 million, down from $647 million in Q1 2008, with free cash flow as a percentage of operating cash flow at 52%.
Yahoo reported its financial results for Q2 2007, with the following highlights:
1) Total revenue ex-TAC (excluding traffic acquisition costs) increased 11% year-over-year to $1.244 billion.
2) Revenue ex-TAC from owned and operated sites increased 18% year-over-year to $877 million, while revenue ex-TAC from affiliate sites declined 17% to $155 million.
3) Operating cash flow increased 4% year-over-year to $474 million, representing 38% of total revenue ex-TAC.
- Yahoo reported financial results for Q1 2008 with total revenue of $1.8 billion, down 1% from Q4 2007. Revenue excluding traffic acquisition costs (Revenue ex-TAC) was $1.35 billion, down 4% quarter-over-quarter.
- Operating cash flow for Q1 2008 was $433 million, down 18% from Q4 2007 due to workforce realignment costs and legal fees related to Microsoft's acquisition offer.
- Free cash flow was $647 million for Q1 2008, benefiting from a one-time $350 million payment from AT&T, up from $527 million in the previous quarter.
Yahoo reported its financial results for Q1 2008. Revenue excluding traffic acquisition costs (TAC) decreased 4% year-over-year to $1.35 billion. Operating cash flow decreased 6% to $433 million, which included $29 million in workforce restructuring charges and $14 million in advisory costs related to Microsoft's acquisition offer. Free cash flow was $647 million, boosted by a $350 million payment from AT&T. Yahoo provided an outlook for Q2 2008 revenue of $1.73-1.93 billion and operating cash flow of $425-475 million.
Google reported 3% year-over-year revenue growth in Q2 2009 to $5.5 billion. Revenues from Google properties grew 3% while network revenues increased 2%. International revenues reached $2.9 billion or 47% of total revenue. The company maintained operational efficiency through continued cost management while making key investments in search, ads, display, apps and mobile. Free cash flow was $1.47 billion after capital expenditures of $139 million.
- Yahoo reported Q2'08 financial highlights, with revenue ex-TAC of $1.346 billion, an 8% increase year-over-year but flat quarter-over-quarter.
- Operating cash flow was $427 million in Q2'08, a 10% decrease year-over-year due to costs related to strategic initiatives and a 1% decrease quarter-over-quarter.
- For full-year 2008, Yahoo expects revenue of $7.35-7.85 billion, operating cash flow of $1.825-1.975 billion, and free cash flow of $900 million to $1.05 billion.
The document discusses the 2008 results and 2009 plan for an institutional business. Some key points include:
- Excellent top-line growth and solid core earnings were achieved in 2008.
- Premiums, fees and other revenues are projected to increase from $16.5-$16.7 billion in 2008 to $17.3-$17.7 billion in 2009. However, operating earnings are expected to decline slightly to $1.6-$1.66 billion due to lower investment income and expense management.
- The business will focus on maintaining fundamentals, investing in growth opportunities, aggressively managing expenses, and communicating their value proposition in 2009.
Nexon reported its Q3 2012 results with revenue of ¥24.2 billion and operating income of ¥10 billion. While revenue was flat year-over-year, operating income declined 8%. Nexon's acquisition of gloops establishes it as the #1 independent mobile game developer by revenue and diversifies its business. For Q4 2012, Nexon revised its outlook downward to account for competitive pressures, the gloops acquisition, and plans to focus on engagement over monetization for some regions and titles. Nexon enters 2013 with a strong pipeline including new titles and updates.
Sun microsystems Q2 2009 earnings releasesearningsreport
- Sun Microsystems reported quarterly financial results for Q209 with total revenue of $3.22 billion, an 8% increase from the previous quarter but an 11% decrease year-over-year.
- Hardware, software, and storage billings decreased 25% year-over-year while services revenue increased 3% year-over-year, driven by 3% growth in professional services and education.
- The company reported a net loss of $209 million for the quarter, an improvement from a $1.68 billion loss in the previous year but still a negative operating margin of 6.2%.
This document provides financial results and outlook for Monsanto for the fourth quarter and fiscal year 2008. Key points include:
- Net sales increased 35% in Q4 2008 and 36% for fiscal year 2008 compared to the prior year.
- Gross profit increased 49% in Q4 2008 and 46% for fiscal year 2008.
- Diluted EPS on an ongoing basis increased 83% in Q4 2008 and 84% for fiscal year 2008.
- Over 70% of $2.8 billion in operating cash generated in fiscal 2008 was invested in acquisitions, technology, and capital expenditures.
This document provides financial results for Monsanto Company for the fourth quarter and full fiscal year of 2008. Key highlights include net sales increasing 35% in the fourth quarter and 36% for the full fiscal year compared to the previous year. Gross profit increased 49% in the fourth quarter and 46% for the full fiscal year. Diluted earnings per share on an ongoing basis increased 83% in the fourth quarter and 84% for the full fiscal year. Over 70% of the $2.8 billion in operating cash generated in fiscal year 2008 was invested in acquisitions, technology, and capital expenditures.
cardinal health 2008 Earnings Presentationfinance2
The document summarizes Cardinal Health's Q4 FY2008 earnings call with investors and analysts. It discusses financial results for Q4 and full year FY2008, with revenue growth of 3% and 5% respectively. It provides segment results for Healthcare Supply Chain Services and Clinical & Medical Products. The document also outlines financial goals and assumptions for FY2009, with total revenue growth forecast at 6-7% and non-GAAP EPS of $3.80-$3.95. Key priorities for FY2009 are also mentioned.
The document discusses Thermo Scientific's leadership in serving science through analytical instruments, equipment, reagents, software and services. It highlights the company's size and scale, unmatched capabilities, portfolio of leading brands, and mission to make the world healthier, cleaner and safer. Key strengths include global industry leadership, ability to continuously invest in growth opportunities through R&D, and an excellent track record of financial performance. New products are presented for applications such as sample preparation, analysis, and data interpretation.
- Thermo Electron Corporation filed a quarterly report with the SEC for Q1 2006.
- In the report, they disclosed revenues of $684 million for Q1 2006 and net income of $46.9 million.
- They also noted that in May 2005, their Life and Laboratory Sciences segment acquired the Kendro Laboratory Products division of SPX Corporation.
- Thermo Electron Corporation filed a quarterly report with the SEC for Q1 2006.
- In the report, they disclosed revenues of $684 million for Q1 2006 and net income of $46.9 million.
- They also noted that in May 2005, their Life and Laboratory Sciences segment acquired the Kendro Laboratory Products division of SPX Corporation.
This document is Thermo Electron Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended July 1, 2006. It includes Thermo's consolidated balance sheet, income statement, and cash flow statement for the quarter, as well as notes to the financial statements. The financial statements show that for the quarter, Thermo's revenues increased 9% to $713 million, net income decreased 20% to $48 million, and earnings per share from continuing operations decreased 14% to $0.30. Thermo also announced a definitive agreement to merge with Fisher Scientific International in an all-stock transaction expected to close in the fourth quarter of 2006.
- Thermo Electron Corporation filed a Form 10-Q with the SEC for the quarter ended July 1, 2006.
- Thermo announced an agreement to merge with Fisher Scientific International in a stock-for-stock exchange to create Thermo Fisher Scientific.
- The merger is subject to shareholder and regulatory approvals and is expected to close in the fourth quarter of 2006.
This document is Thermo Electron Corporation's quarterly report filed with the SEC for the quarter ended September 30, 2006. It provides condensed financial statements and notes for the periods presented. The financial statements show revenues of $724.9 million for the quarter and income from continuing operations of $48.8 million. Notes include details on the planned merger with Fisher Scientific International and recent acquisitions completed during the periods.
This document is Thermo Electron Corporation's quarterly report filed with the SEC for the quarter ended September 30, 2006. It provides condensed financial statements and notes for the periods presented. The financial statements show that revenues increased from the prior year period but net income decreased due to higher costs and expenses. Thermo also announced a definitive agreement in May 2006 to combine with Fisher Scientific International in an all-stock merger transaction subject to regulatory approvals.
The document is Thermo Fisher Scientific's annual report on Form 10-K for the fiscal year ended December 31, 2006. It provides information on the company's business operations and financial performance. Specifically, it discusses Thermo Fisher's merger with Fisher Scientific to create a global leader in serving science. It also describes the company's two business segments - Analytical Technologies and Laboratory Products and Services - and provides an overview of key product lines within the Analytical Technologies segment, including scientific instruments, biosciences products, and diagnostic and environmental instruments.
The document is Thermo Fisher Scientific's annual report on Form 10-K for the fiscal year ended December 31, 2006. It provides information on the company's business operations and financial performance. Specifically, it discusses Thermo Fisher's merger with Fisher Scientific to create a global leader in serving science. It also describes the company's two business segments - Analytical Technologies and Laboratory Products and Services - and provides an overview of key product lines within the Analytical Technologies segment, including scientific instruments, biosciences products, and diagnostic and environmental instruments.
This document is Thermo Fisher Scientific's quarterly report filed with the SEC for the quarter ended March 31, 2007. It includes Thermo Fisher's consolidated balance sheet, statement of income, and notes on significant events from the quarter. The quarter saw revenues of $2.3 billion, operating income of $192 million, and net income of $139 million. Expenses increased along with revenues from the prior year quarter following Thermo Fisher's merger transactions.
This document is Thermo Fisher Scientific's quarterly report filed with the SEC for the quarter ended March 31, 2007. It includes Thermo Fisher's consolidated balance sheet, statement of income, and statement of cash flows for the quarter, as well as notes to the financial statements. The notes disclose that in the first quarter of 2007, Thermo Fisher acquired two businesses in Switzerland for $24 million and a small manufacturer of electrostatic discharge products for $5 million total. Thermo Fisher also paid $5 million for various acquisition-related costs and adjustments.
- Thermo Fisher Scientific Inc. filed a quarterly report with the SEC for the quarter ended June 30, 2007.
- The company reported revenues of $2.385.9 million for the quarter and income from continuing operations of $187.9 million.
- Thermo Fisher has major operations in scientific instrument manufacturing, life sciences, diagnostics, and laboratory products and services.
This document is Thermo Fisher Scientific's Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2007. It provides financial statements and notes including the consolidated balance sheet, statement of income, and statement of cash flows for the quarter, as well as information on acquisitions, accounting policies, and segment information. In the quarter, Thermo Fisher reported revenues of $2.4 billion, net income of $164 million, and earnings per share of $0.39. It also acquired Spectronex AG and Flux AG for $24 million in cash to expand its mass spectrometry offerings.
This document is Thermo Fisher Scientific's quarterly report filed with the SEC for the quarter ended September 29, 2007. It provides financial statements including the consolidated balance sheet, statement of income, and statement of cash flows. Key details include total revenues of $2.4 billion for the quarter, net income of $218.5 million, and cash and cash equivalents increasing to $830.8 million. It also summarizes two acquisitions completed in the first nine months of 2007, expanding analytical technologies offerings.
This document is Thermo Fisher Scientific's quarterly report filed with the SEC for the quarter ended September 29, 2007. It provides Thermo Fisher's consolidated balance sheet and income statement for the periods shown. The balance sheet shows the company had total assets of $21.2 billion, including $8.5 billion in goodwill. Total liabilities were $6.7 billion and shareholders' equity was $14.4 billion. The income statement shows revenues of $2.4 billion for the quarter and net income of $218.5 million.
This document is Thermo Fisher Scientific's annual report on Form 10-K for the fiscal year ended December 31, 2007. It provides information on Thermo Fisher's business, including that it was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher has two principal brands, Thermo Scientific and Fisher Scientific, that serve over 350,000 customers in various industries through analytical instruments, equipment, consumables and services. The report provides an overview of Thermo Fisher's products and services and its strategy to continuously advance its technologies and services to address customers' emerging needs.
The document is Thermo Fisher Scientific's annual report on Form 10-K for the fiscal year ended December 31, 2007. It provides information on the company's business segments and products. Specifically, it discusses the company's two business segments - Analytical Technologies and Laboratory Products and Services. It provides details on the various product groupings within the Analytical Technologies segment, which serves markets like pharmaceutical, biotechnology, academic, and clinical laboratories.
Thermo Fisher Scientific filed a Form 10-Q with the SEC for the quarter ended March 29, 2008. The filing includes financial statements and notes. The financial statements show that Thermo Fisher's revenues increased to $2.55 billion for the quarter, up from $2.34 billion in the same quarter the previous year. Net income was $233 million compared to $139 million in the prior year. Thermo Fisher also acquired the intellectual property of an immunohistochemistry control slide business during the quarter for $3 million in cash plus potential future payments of up to $2 million.
Thermo Fisher Scientific filed a Form 10-Q with the SEC for the quarter ended March 29, 2008. The filing includes financial statements and notes. The financial statements show that Thermo Fisher's revenues increased to $2.55 billion for the quarter, up from $2.34 billion in the same quarter of the prior year. Net income for the quarter was $233 million compared to $139 million in the prior year. Thermo Fisher also acquired the intellectual property of an immunohistochemistry control slide business during the quarter for $3 million in cash plus potential future payments of up to $2 million.
This document is a quarterly report filed with the SEC by Thermo Fisher Scientific Inc. for the quarter ended September 27, 2008. It includes Thermo Fisher's consolidated balance sheet, statement of income, and statement of cash flows for the periods presented. Some key details:
- Thermo Fisher reported revenues of $2.6 billion for the quarter and $7.9 billion for the nine months ended September 27, 2008.
- Net income was $221.5 million for the quarter and $704 million for the nine months.
- In the first nine months of 2008, Thermo Fisher made several acquisitions for aggregate consideration of $142 million in cash, plus $8 million of assumed debt and up to $19
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
5. The non-GAAP financial measures included in the tables above are non-GAAP net revenues, non-GAAP net income and non-GAAP earnings per share, which adjust for the following items: business
combination accounting entries, stock-based compensation expense, restructuring charges, charges related to the amortization of intangible assets and acquired product rights, litigation settlements,
write-downs of assets and certain other items. We believe the presentation of these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provides
meaningful supplemental information regarding the Company's operating performance for the reasons discussed below. Our management uses these non-GAAP financial measures in assessing the
Company's operating results, as well as when planning, forecasting and analyzing future periods. We believe that these non-GAAP financial measures also facilitate comparisons of the Company's
performance to prior periods and to our peers and that investors benefit from an understanding of these non-GAAP financial measures.
(1) Fair value adjustment to deferred revenue. We have completed several business combinations and acquisitions for a variety of strategic purposes over the past few years. As is the case with our
existing business, at the time of acquisition, these acquired businesses recorded deferred revenue related to past transactions for which revenue would be recognized in future periods as revenue
recognition criteria are satisfied. The purchase accounting entries for these acquisitions require us to write down a portion of this deferred revenue to its then current fair value. Consequently, in post
acquisition periods, we do not recognize the full amount of this deferred revenue. When measuring the performance of our business, however, we add back non-GAAP revenue associated with certain
types of deferred revenue that were excluded as a result of these purchase accounting adjustments, as we believe that this provides information about the operating impact of the acquired businesses in a
manner consistent with the revenue recognition for our pre-existing products and services. We believe that the inclusion of this revenue provides useful information to our management, as well as to
investors.
(2) Stock-based compensation. Consists of expenses for employee stock options, restricted stock units, restricted stock awards and our employee stock purchase plan determined in accordance with
Statement of Financial Accounting Standards Number 123(R), or SFAS 123(R). When evaluating the performance of our individual business units and developing short and long term plans, we do not
consider stock-based compensation charges. Our management team is held accountable for cash-based compensation, but we believe that management is limited in its ability to project the impact of
stock-based compensation and accordingly is not held accountable for its impact on our operating results. Although stock-based compensation is necessary to attract and retain quality employees, our
consideration of stock based compensation places its primary emphasis on overall shareholder dilution rather than the accounting charges associated with such grants. In addition, for comparability
purposes, we believe it is useful to provide a non-GAAP financial measure that excludes stock-based compensation in order to better understand the long-term performance of our core business and to
facilitate the comparison of our results to the results of our peer companies. Furthermore, unlike cash compensation, the value of stock-based compensation is determined using a complex formula that
incorporates factors, such as market volatility, that are beyond our control. Further, we believe it is useful to investors to understand the impact of SFAS 123(R) to our results of operations. For the
quarters ended July 4, 2008 and June 29, 2007, respectively, stock-based compensation was allocated as follows:
Three Months Ended
July 4, June 29,
2008 2007
Cost of revenues $ 3,636 $ 4,396
Sales and marketing 19,360 14,463
Research and development 13,127 14,167
General and administrative 8,724 7,718
Total stock based compensation $ 44,847 $ 40,744
(3) Amortization of acquired product rights and other intangible assets. When conducting internal development of intangible assets, accounting rules require that we expense the costs as incurred. In
the case of acquired businesses, however, we are required to allocate a portion of the purchase price to the accounting value assigned to intangible assets acquired and amortize this amount over the
estimated useful lives of the acquired intangibles. The acquired company, in most cases, has itself previously expensed the costs incurred to develop the acquired intangible assets, and the purchase
price allocated to these assets is not necessarily reflective of the cost we would incur in developing the intangible asset. Similarly, we adjust our share of the loss from unconsolidated entity for
amortization related to the intangible assets of the joint venture. We eliminate these amortization charges from our non-GAAP operating results to provide better comparability of pre and post-
acquisition operating results and comparability to results of businesses utilizing internally developed intangible assets.
(4) Restructuring. We have engaged in various restructuring activities over the past several years that have resulted in costs associated with severance, benefits, outplacement services, and excess
facilities. Each restructuring has been a discrete event based on a unique set of business objectives or circumstances, and each has differed from the others in terms of its operational implementation,
business impact and scope. We do not engage in restructuring activities in the ordinary course of business. While our operations previously benefited from the employees and facilities covered by our
various restructuring charges, these employees and facilities have benefited different parts of our business in different ways, and the amount of these charges has varied significantly from period to
period. We believe that it is important to understand these charges; however, we do not believe that these charges are indicative of future operating results and that investors benefit from an
understanding of our operating results without giving effect to them.
5
6. (5) Write-down of assets. During the December 2007 quarter, we recorded a $1.2 million write-down on a facility classified as held for sale. In the first quarter of fiscal year 2009, we reduced that write-down to
reflect current market conditions. We do not believe that these charges are indicative of future operating results and that investors benefit from an understanding of our operating results without giving effect
to them.
(6) Loss on sale of assets. During the September 2007 quarter, management determined that certain tangible and intangible assets and liabilities of the Storage and Server Management segment
(formally the Data Center Management segment) did not meet the long term strategic objectives of the segment, and we recorded a write-down in the value of these assets and liabilities to the respective
estimated fair value. On March 8, 2008 these assets were sold to a third party. We exclude these losses because each is a unique one-time occurrence that is not closely related to, or a function of, our
ongoing operations.
(7) Executive incentive bonuses. We have excluded bonuses related to acquisitions and executive sign-on bonuses for newly hired executives. We expect the benefit from these hires and retentions to
extend over an indeterminate future period, but under GAAP we are required to expense the entire cost of the bonus in the period paid. We exclude these amounts to provide better comparability of the
periods that include and do not include these charges. We believe that investors benefit from an understanding of our operating results for the periods presented without giving effect to these charges.
(8) Integration. These charges consist of expenses incurred for consulting services and other professional fees associated with integration activities of acquisitions. Because these expenses are non-
recurring and unique to specific acquisitions, we believe they are not indicative of future operating results and that investors benefit from an understanding of our operating results without giving effect
to them.
(9) Gain on sale of assets. We exclude these gains because each is a unique one-time occurrence that is not closely related to, or a function of, our ongoing operations.
(10) Settlements of litigation. This gain represents the net effect of a charge incurred from our settlements of litigation that was pending against Veritas when we acquired it in July 2005 and a gain from
our settlement of certain patent-related matters. We exclude the impact of these settlements because we do not consider the defense and prosecution of these pieces of litigation to be part of the ongoing
operation of our business and because of the singular nature of the claims underlying each matter.
(11) Income tax effect on above items. This amount adjusts the provision for income taxes to reflect the effect of the non-GAAP adjustments on non-GAAP net income -GAAP adjustments on non-
GAAP net income.
6
8. We include certain non-GAAP revenue and deferred revenue components in the tracking and forecasting of our revenue and management of our business. This includes non-GAAP revenue associated
with deferred revenue that was excluded as a result of purchase accounting adjustments related to acquisitions. We believe the non-GAAP revenue measures set forth above are useful to investors, and
such items are used by our management, because this revenue is reflective of our ongoing operating results.
(1) We have completed several business combinations and acquisitions for a variety of strategic purposes over the past few years. As is the case with our existing business, at the time of acquisition,
acquired business had recorded deferred revenue related to past transactions for which revenue would be recognized in future periods as revenue recognition criteria are satisfied. The purchase
accounting entries for these acquisitions require us to write down a portion of this deferred revenue to its then current fair value. Consequently, in post acquisition periods, we do not recognize the full
amount of this deferred revenue. When measuring the performance of our business, however, we add back non-GAAP revenue associated with certain types of deferred revenue that were excluded as a
result of these purchase accounting adjustments, as we believe that this provides information about the operating impact of the acquired businesses in a manner consistent with the revenue recognition
for our for our pre-existing products and services. We believe that the inclusion of this revenue provides useful information to our management, as well as to investors.
(2) During the first quarter of fiscal year 2009, Altiris service revenue was reclassified from the Security and Compliance segment to the Services segment. Data shown from the prior periods have been
reclassified to match the current reporting structure.
(3) The Americas includes the United States, Latin America, and Canada.
8
10. SYMANTEC CORPORATION
Reconciliation of GAAP deferred revenue
to Non-GAAP deferred revenue
(in thousands)
(Unaudited)
As of:
Jul 04, 2008 Mar 28, 2008 Dec 28, 2007 Sep 28, 2007 Jun 29, 2007 Mar 30, 2007 Dec 29, 2006 Sep 29, 2006 Jun 30, 2006
Deferred revenue reconciliation
GAAP deferred revenue $ 3,011,682 $ 3,076,569 $ 2,877,173 $ 2,598,597 $ 2,664,775 $ 2,753,783 $ 2,559,201 $ 2,325,355 $ 2,305,334
Add back:
Deferred revenue related to acquisitions (1) 12,834 11,662 19,856 25,888 44,007 17,958 25,448 22,263 35,247
Non-GAAP deferred revenue $ 3,024,516 $ 3,088,231 $ 2,897,029 $ 2,624,485 $ 2,708,782 $ 2,771,741 $ 2,584,649 $ 2,347,618 $ 2,340,581
We include certain non-GAAP revenue and deferred revenue components in the tracking and forecasting of our revenue and management of our business. This includes non-GAAP revenue associated
with deferred revenue that was excluded as a result of purchase accounting adjustments related to acquisitions. We believe the non-GAAP deferred revenue measures set forth above are useful to
investors, and such items are used by our management, because this revenue is reflective of our ongoing operating results.
(1) We have completed several business combinations and acquisitions for a variety of strategic purposes over the past few years. As is the case with our existing business, at the time of acquisition,
these acquired businesses had recorded deferred revenue related to past transactions for which revenue would be recognized in future periods as revenue recognition criteria are satisfied. The purchase
accounting entries for these acquisitions require us to write down a portion of this deferred revenue to its then current fair value. Consequently, in post acquisition periods, we do not recognize the full
amount of this deferred revenue. When measuring the performance of our business, however, we add back certain types of deferred revenue that were excluded as a result of these purchase accounting
adjustments, as we believe that this provides information about the operating impact of the acquired businesses in a manner consistent with the revenue recognition for our pre-existing products and
services. We believe that the inclusion of this deferred revenue provides useful information to our management, as well as to investors.
10
11. SYMANTEC CORPORATION
Trended Cash Flow Statements
(In thousands)
(Unaudited)
Three months ended Fiscal Three months ended Fiscal Three months ended
4-Jul-08 2008 28-Mar-08 28-Dec-07 28-Sep-07 29-Jun-07 2007 30-Mar-07 29-Dec-06 29-Sep-06 30-Jun-06
OPERATING ACTIVITIES: #REF! #REF!
Net income $ 186,692 $ 463,850 $ 186,386 $ 131,890 $ 50,368 $ 95,206 $ 404,380 $ 60,894 $ 116,770 $ 126,182 $ 100,534
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization 200,056 824,109 205,705 200,911 204,048 213,445 811,443 201,967 200,982 201,618 206,876
Stock-based compensation expense 44,847 163,695 42,544 39,417 40,991 40,743 153,880 35,134 36,117 45,770 36,859
Impairment of equity investments - 1,000 1,000 - - - 2,841 - - - 2,841
Write-down of assets - 1,200 - 1,200 - - - - - - -
Deferred income taxes 14,717 (180,215) (1,568) (74,747) (78,781) (25,119) 11,173 90,240 (61,945) 20,211 (37,333)
Income tax benefit from the exercise of stock options 9,945 29,443 1,713 10,462 7,405 9,863 43,118 17,477 14,798 5,705 5,138
Excess income tax benefit from the exercise of stock options (9,033) (26,151) (7,844) (4,778) (4,485) (9,044) (25,539) (5,951) (13,694) (4,001) (1,893)
Loss (gain) on sale of assets - 97,463 1,522 6,319 89,622 - (19,937) (3,221) - (16,716) -
Net (gain) on settlements of litigation - (58,500) (58,500) - - - - - - - -
Loss from unconsolidated entity 6,181 - - - - - - - - - -
Other 6,160 (894) (894) - 260 (260) 912 (302) 1,358 356 (500)
Net change in assets and liabilities, excluding effects of acquisitions:
Trade accounts receivable, net 118,885 (7,002) 158,390 (284,378) (22,405) 141,391 33,714 81,169 (167,072) (24,449) 144,066
Inventories 5,824 10,791 1,567 (1,273) 2,791 7,706 10,324 1,982 185 (313) 8,470
Accounts payable (8,665) 667 13,916 (20,896) (5,035) 12,682 (25,623) (50,696) 39,088 2,736 (16,751)
Accrued compensation and benefits (90,906) 97,133 13,339 84,212 16,062 (16,480) 23,169 11,091 28,821 6,097 (22,840)
Deferred revenue (70,266) 126,716 117,250 238,479 (119,009) (110,004) 399,517 177,989 198,900 26,634 (4,006)
Income taxes payable (30,592) 196,567 (18,895) 84,026 112,044 19,392 (181,926) (94,702) 70,223 (97,362) (60,085)
Other assets 80,673 81,115 22,259 8,452 30,075 20,329 (23,332) (6,806) (21,104) (12,000) 16,578
Other liabilities (50,942) (2,334) (3,520) 42,709 7,018 (48,541) 48,121 50,719 10,944 (3,828) (9,714)
Net cash provided by operating activities 413,576 1,818,653 674,370 462,005 330,969 351,309 1,666,235 566,984 454,371 276,640 368,240
INVESTING ACTIVITIES: - - - - - - -
Purchase of property and equipment (57,695) (273,807) (64,678) (71,100) (63,341) (74,688) (419,749) (70,154) (113,108) (89,413) (147,074)
Proceeds from sale of property and equipment - 104,715 104,715 - (903) 903 121,464 34,560 - 86,904 -
Purchase of intangible assets - - - - - - (13,300) - (13,300) - -
Cash payments for business acquisitions, net of cash and cash equivalents acquired (166,356) (1,162,455) (11,772) (298,397) (11,718) (840,568) (33,373) (8,358) (20,425) (2,944) (1,646)
Investment in Joint Venture - (150,000) (150,000) - - - - - - - -
Purchases of available-for-sale securities (172,596) (1,233,954) (408,850) (184,534) (340,039) (300,531) (226,905) (97,339) (87,074) (29,809) (12,683)
Proceeds from sales of available-for-sale securities 471,998 1,189,283 358,380 332,517 394,775 103,611 349,408 53,950 49,490 98,703 147,265
Net cash provided by (used in) investing activities 75,351 (1,526,218) (172,205) (221,514) (21,226) (1,111,273) (222,455) (87,341) (184,417) 63,441 (14,138)
FINANCING ACTIVITIES:
Sale of common stock warrants - - - - - - 326,102 - - - 326,102
Repurchase of common stock (199,998) (1,499,995) (200,019) (399,992) (399,989) (499,995) (2,846,312) (594,998) (384,996) (974,958) (891,360)
Net proceeds from sales of common stock under employee stock benefit plans 74,987 224,152 59,990 33,942 68,057 62,163 230,295 61,039 51,274 77,501 40,481
Proceeds from debt issuance - - - - - - 2,067,299 (463) - - 2,067,762
Purchase of bond hedge - - - - - - (592,490) - - - (592,490)
Proceeds from short-term borrowing - 200,000 - 200,000 - - - - - - -
Repayment of short-term borrowing (200,000) - - - - - - - - - -
Excess income tax benefit from the exercise of stock options 9,033 26,151 7,844 4,778 4,485 9,044 25539 5,951 13,694 4,001 1,893
Repayment of other long-term obligation (1,842) (11,724) (1,811) (2,309) (2,271) (5,333) (520,000) - - (520,000) -
Tax payments related to restricted stock issuance (14,768) (4,137) (395) (692) (111) (2,939) - - - - -
Net cash (used in) provided by financing activities (332,588) (1,065,553) (134,391) (164,273) (329,829) (437,060) (1,309,567) (528,471) (320,028) (1,413,456) 952,388
Effect of exchange rate fluctuations on cash and cash equivalents (1,321) 104,309 37,962 19,907 34,401 12,039 109,199 15,859 34,291 (4,356) 63,405
Increase (decrease) in cash and cash equivalents 155,018 (668,809) 405,736 96,125 14,315 (1,184,985) 243,412 (32,969) (15,783) (1,077,731) 1,369,895
Beginning cash and cash equivalents 1,890,225 2,559,034 1,484,489 1,388,364 1,374,049 2,559,034 2,315,622 2,592,003 2,607,786 3,685,517 2,315,622
Ending cash and cash equivalents $ 2,045,243 $ 1,890,225 $ 1,890,225 $ 1,484,489 $ 1,388,364 $ 1,374,049 $ 2,559,034 $ 2,559,034 $ 2,592,003 $ 2,607,786 $ 3,685,517
- - -
Supplemental schedule of non-cash transactions: (701,777.60)
Issuance of common stock, stock options, and restricted stock units for business
acquisitions $ 35,054 $ -
Supplemental cash flow disclosures:
Income taxes paid (net of refunds) during the year $ 181,089 $ 384,771
Interest expense paid during the year $ 22,659 $ 10,108
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12. SYMANTEC CORPORATION
Guidance - Reconciliation of Projected GAAP Revenue, GAAP Deferred Revenue and GAAP Earnings per Share
to Non-GAAP Revenue, Deferred Revenue and Earnings per Share
(Unaudited)
Three Months Ended:
October 3, 2008
Revenue reconciliation (in millions)
GAAP revenue range $1,520 - $1,560
Add back:
Deferred revenue related to acquisitions (1) 5
Non-GAAP revenue range $1,525 - $1,565
Earnings per share reconciliation
GAAP earnings per share range $0.15 - $0.17
Add back:
Stock-based compensation, net of tax (2) 0.04
Deferred revenue related to acquisitions, amortization of
(1,3,4)
acquired product rights and other intangible assets, and restructuring net of tax 0.15
Non-GAAP earnings per share range $0.34 - $0.36
As of :
October 3, 2008
Deferred revenue reconciliation (in millions)
GAAP deferred revenue range $2,865 - $2,965
Add back:
Deferred revenue related to acquisitions (1) 10
Non-GAAP deferred revenue range $2,875 - $2,975
We believe the presentation of these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental
information regarding the Company's operating performance by excluding certain items that may not be indicative of the Company's core business, operating results or future outlook.
Our management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing the Company's operating results both as a consolidated
entity and at the business unit level, as well as when planning, forecasting and analyzing future periods. We believe that these non-GAAP financial measures also facilitate
comparisons of the Company's performance to prior periods and to our peers. These measures are used by our management for the reasons associated with each of the adjusting items
as described below.
(1) Fair value adjustment to deferred revenue. We have completed several business combinations and acquisitions for a variety of strategic purposes over the past few years. As is
the case with our existing business, at the time of acquisition, these acquired businesses recorded deferred revenue related to past transactions for which revenue would be recognized
in future periods as revenue recognition criteria are satisfied. The purchase accounting entries for these acquisitions require us to write down a portion of this deferred revenue to its
then current fair value. Consequently, in post acquisition periods, we do not recognize the full amount of this deferred revenue. When measuring the performance of our business,
however, we add back non-GAAP revenue associated with certain types of deferred revenue that were excluded as a result of these purchase accounting adjustments, as we believe
that this provides information about the operating impact of the acquired businesses in a manner consistent with the revenue recognition for our pre-existing products and services.
We believe that the inclusion of this revenue and deferred revenue provides useful information to our management, as well as to investors.
(2) Stock-based compensation. Consists of expenses for employee stock options, restricted stock units, restricted stock awards and our employee stock purchase plan determined in
accordance with Statement of Financial Accounting Standards Number 123(R), or SFAS 123(R). When evaluating the performance of our individual business units and developing
short and long term plans, we do not consider stock-based compensation charges. Our management team is held accountable for cash-based compensation, but we believe that
management is limited in its ability to project the impact of stock-based compensation and accordingly is not held accountable for its impact on our operating results. Although stock-
based compensation is necessary to attract and retain quality employees, our consideration of stock based compensation places its primary emphasis on overall shareholder dilution
rather than the accounting charges associated with such grants. In addition, for comparability purposes, we believe it is useful to provide a non-GAAP financial measure that excludes
stock-based compensation in order to better understand the long-term performance of our core business and to facilitate the comparison of our results to the results of our peer
companies. Furthermore, unlike cash compensation, the value of stock-based compensation is determined using a complex formula that incorporates factors, such as market volatility,
that are beyond our control. Further, we believe it is useful to investors to understand the impact of SFAS 123(R) to our results of operations.
(3) Amortization of acquired product rights and other intangible assets. When conducting internal development of intangible assets, accounting rules require that we expense the
costs as incurred. In the case of acquired businesses, however, we are required to allocate a portion of the purchase price to the accounting value assigned to intangible assets acquired
and amortize this amount over the estimated useful lives of the acquired intangibles. The acquired company, in most cases, has itself previously expensed the costs incurred to
develop the acquired intangible assets, and the purchase price allocated to these assets is not necessarily reflective of the cost we would incur in developing the intangible asset.
Similarly, we adjust our share of the loss from unconsolidated entity for amortization related to the intangible assets of the joint venture. We eliminate these amortization charges from
our non-GAAP operating results to provide better comparability of pre and post-acquisition operating results and comparability to results of businesses utilizing internally developed
intangible assets.
(4) Restructuring. We have engaged in various restructuring activities over the past several years that have resulted in costs associated with severance, benefits, outplacement services,
and excess facilities. Each restructuring has been a discrete event based on a unique set of business objectives or circumstances, and each has differed from the others in terms of its
operational implementation, business impact and scope. We do not engage in restructuring activities in the ordinary course of business. While our operations previously benefited
from the employees and facilities covered by our various restructuring charges, these employees and facilities have benefited different parts of our business in different ways, and the
amount of these charges has varied significantly from period to period. We believe that it is important to understand these charges; however, we do not believe that these charges are
indicative of future operating results and that investors benefit from an understanding of our operating results without giving effect to them.
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