For the third quarter and fiscal year ending September 30, 2018, the company expects:
| In millions except per share amounts | ||||||||||||
| Operating Measures(1) |
Q3’18
|
Q3’18
|
FY’18
|
FY’18
|
||||||||
| Subscription ACV | $ 44 | $ 48 | $ 182 | $ 190 | ||||||||
| License and Subscription Bookings | $ 105 | $ 115 | $ 455 | $ 475 | ||||||||
| Subscription % of Bookings | 83% | 83% | 80% | 80% | ||||||||
|
(1) An explanation of the metrics included in this table is provided below. |
||||||||||||
| Financial Measures |
Q3’18
|
Q3’18
|
FY’18
|
FY’18
|
||||||||
| Subscription Revenue | $ 128 | $ 130 | $ 475 | $ 480 | ||||||||
| Support Revenue | 120 | 120 | 507 | 507 | ||||||||
| Perpetual License Revenue | 17 | 20 | 92 | 97 | ||||||||
| Total Software Revenue | 265 | 270 | 1,074 | 1,084 | ||||||||
| Professional Services Revenue | 45 | 45 | 176 | 176 | ||||||||
| Total Revenue | $ 310 | $ 315 | $ 1,250 | $ 1,260 | ||||||||
| Operating Expense (GAAP) | $ 208 | $ 211 | $ 824 | $ 834 | ||||||||
| Operating Expense (Non-GAAP) | 184 | 187 | 729 | 739 | ||||||||
| Operating Margin (GAAP) | 5% | 7% | 7% | 7% | ||||||||
| Operating Margin (Non-GAAP) | 16% | 17% | 17% | 18% | ||||||||
| Tax Rate (GAAP) | 15% | 15% | 5% | 5% | ||||||||
| Tax Rate (Non-GAAP) | 11% | 9% | 11% | 9% | ||||||||
| Shares Outstanding (GAAP) | 118 | 118 | 118 | 118 | ||||||||
| Shares Outstanding (Non-GAAP) | 118 | 118 | 118 | 118 | ||||||||
| EPS (GAAP) | $ 0.04 | $ 0.07 | $ 0.31 | $ 0.38 | ||||||||
| EPS (Non-GAAP) | $ 0.30 | $ 0.34 | $ 1.31 | $ 1.41 | ||||||||
| Free Cash Flow | $ 210 | $ 220 | ||||||||||
| Adjusted Free Cash Flow | $ 214 | $ 224 | ||||||||||
