Financial Objectives. Forward Looking Statements. Symantec 2012 Financial Analyst Day 5/24/2012. James Beer. EVP & Chief Financial Officer
|
|
- Patrick Ellis
- 6 years ago
- Views:
Transcription
1 Financial Objectives James Beer EVP & Chief Financial Officer 1 Forward Looking Statements This presentation contains statements regarding our projected financial and business results, which may be considered forward looking within the meaning of the U.S. federal securities laws. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this presentation. Such risk factors include those related to: maintaining customer and partner relationships; the anticipated growth of certain market segments, particularly with regard to security and storage; the competitive environment in the software industry; changes to operating systems and product strategy by vendors of operating systems; fluctuations in currency exchange rates; the timing and market acceptance of new product releases and upgrades; the successful development of new products and integration of acquired businesses; and the degree to which these products and businesses gain market acceptance. Actual results may differ materially from those contained in the forward looking statements in this presentation. Additional information concerning these and other risk factors is contained in the Risk Factors section of our Form 10 K for the year ended March 30, Any forward looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Please note this is general information for investment purposes only. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions. We assume no obligation to update any forward looking information contained in this presentation. 2 1
2 Use of GAAP and Non GAAP Financial Information Our results of operations have undergone significant changes due to a series of acquisitions, the impact of SFAS 123(R), impairment charges and other corporate events. To help our readers understand our past financial performance and our future results, we supplement the financial results that we provide in accordance with generally accepted accounting principles, or GAAP, with non GAAP financial measures. The method we use to produce non GAAP results is not computed according to GAAP and may differ from the methods used by other companies. Our non GAAP results are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our non GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Investors are encouraged to review the reconciliation of our non GAAP financial measures to the comparable GAAP results, which is attached to the financial review presentation, and which can also be found, along with other financial information, on the investor relations page of our website at 3 Revenue Growth Targets Prior Projections FY14 Targets as of 5/2011 FY12 Results 1 Current Projections FY15 Targets as of 5/2012 Consumer Growth Mid Single 5% Mid Single Security & Compliance Growth Mid to High Single 17% Mid to High Single Information Management Growth Mid to High Single 7% Mid to High Single Storage Management Growth Flat to Down Low Single 6% Flat to Down Low Single We expect weakness in PC shipments in developed markets to be offset by continued upsell/cross sell of our customer base and the expansion of our emerging consumer products and services The FY12 Security & Compliance results reflect, in part, the impact of recent acquisitions Information Management continues to meet our expectations driven by appliance and backup growth 1. Growth rates in constant currency 4 2
3 3 Year Revenue and EPS Targets Prior Projections FY14 Targets as of 5/2011 FY12 Results 1 Current Projections FY15 Targets as of 5/2012 Revenue Growth 7 8% 6% 7 8% Non GAAP EPS Growth 9 11% 13% 9 11% We expect 1 2 points of revenue growth to come from future M&A We are forecasting EPS growth driven by: Net income growth Continued share repurchases 1. Growth rates in constant currency for revenue and as reported for Non GAAP EPS 5 Changing Enterprise Revenue Mix ($M) 5,000 4,000 3,000 2,000 1,000 40% % % 908 7% 869 1% 4% 2,752 2,744 2,923 Subscriptions License Maintenance 0 In FY12, subscription revenue became a larger share of total revenue as we made more SaaS, MSS and authentication sales The transition towards subscription has shifted more sales to the balance sheet Licenses declined due to continued headwinds in our storage management business Values are GAAP in USD as reported, growth rates in constant currency 6 3
4 Organic Constant Currency Non GAAP Revenue Growth 1 2% 0% 1.2% 1.4% 2% 4% 6% 5.3% Organic revenue growth continues to be the primary focus for the management team Our organic growth drivers include: Appliances Integrated backup/archiving/ediscovery DLP/encryption/compliance/user authentication Emerging consumer solutions SaaS SMB 1. Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 7 FY12 Organic Constant Currency Non GAAP Revenue Breakdown by Growth Rate 1 30% 15% 23% 0% 10% 5% 15% $1.8B of Revenue is Declining $4.3B of Revenue is Growing 0 9% $700M of Revenue is Growing 10+% Three quarters of our business is growing organically We are growing our backup, consumer security and enterprise security core businesses at single digit rates Our businesses that have been declining are being run for cash generation, profitability and in support of key customer relationships See appendix for product level details by growth rate 1. Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 8 4
5 Businesses with Revenue Growth Greater than 10% We are driving double digit organic growth in our emerging businesses Consumer Services (Norton Data, NortonLive & Mobile) Business Critical Services FY12 Non GAAP Growth Rates 1 FY12 GAAP Revenue ($M) Managed Security Services 89 DLP, Encryption, Compliance & User Authentication 0% 15% 30% 45% 60% Total: Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 9 FY12 Non GAAP Operating Margin 25.5% 25.0% 24.5% (10bps) 100bps 24.0% 24.8% (120bps) 10bps 60bps 25.2% 23.5% 23.0% FY11 as reported M&A Dilution Growth Investments Commissions FX Core Cost Savings FY12 as reported We continue to improve the cost efficiency of our core businesses while investing in our emerging growth areas These emerging growth businesses will drive positive NPV, but may generate lower margin profiles than our traditional on premise software businesses We will grow operating margins over time as our emerging businesses scale and we continue to drive productivity in the core See appendix for non GAAP reconciliation 10 5
6 FY12 Cost Structure 65% 52% 39% 26% 13% Non GAAP OpEx by Category as a % of Revenue 5% 13% 6% 6% 13% 14% 39% 41% 41% $285 $265 $245 Consumer OEM Placement Fees ($M) % $225 FY13 E S&M R&D G&A Non GAAP Op Margin We increased R&D spending as we executed on our vision We will continue to tightly manage our costs across the company S&M: ongoing sales force efficiencies reduced management; consolidated specialist groups R&D: offshoring; consolidating onshore centers; support center consolidation; support infrastructure upgrades G&A: ongoing real estate consolidation, process automation, IT cost reduction, procurement efficiencies, ongoing M&A integration opportunities OEM fees may increase YoY if PC shipments rebound in emerging markets See appendix for non GAAP reconciliation 11 Cash Flow and Cash Balance 2,000 1,900 1,800 1,700 1,600 1,500 Cash Flow from Operations CFFO ($M) Cash Flow Generation YoY Growth as Reported We continue to generate strong cash flow primarily driven by high renewal rates in our core businesses We expect our cash flow to continue to grow 8% 6% 4% 2% 0% 3,044 2,958 1,830 1,214 Year End Cash Balance by Location ($M) 1,381 1,577 3, ,351 Cash Balance Offshore Onshore With the sale of our stake in the China joint venture our offshore cash balance rose to represent 72% of our total balance 12 6
7 Capital Allocation Strategy Share Buybacks 1, Share Repurchase Amount ($M) Average Price per Share ($) 2,000 1,500 1, Annual M&A Spending ($M) $1,538 $516 $42 We remain committed to returning value to shareholders through our share repurchase program $1 billion share repurchase program approved in January 2012 We are expecting to spend approximately $500 to 750 million on acquisitions in FY13 We continue to focus on acquiring companies at prices that will allow us to generate a strong positive NPV We plan to refinance $1 billion in convertible debt outstanding ahead of the June 2013 maturity 13 Summary Drive organic top line growth in our core businesses and capitalize on the key emerging growth areas Tightly manage expenses and simplify our operating procedures Expand operating profit by driving scale in our emerging growth products and services, and by improving productivity in our core businesses Acquire and integrate new businesses and technologies to drive growth and accelerate the execution of our strategy Return value to shareholders through share buybacks 14 7
8 Appendix 15 Business Segment Growth Detail YoY Constant Currency Growth YoY Organic Constant Currency Non GAAP Growth 1 Revenue is growing 10+% FY12 GAAP Rev ($M) FY11 GAAP Rev ($M) % of Total Services (Norton Data, NortonLive & Mobile) % 52% 5% DLP, Encryption, Compliance & User Auth % 15% 20% Managed Security Services % 22% 5% Business Critical Services % 30% 48% Total % Revenue is Growing 0 9% NIS % 8% 40% N % 7% 39% Endpoint Security % 0% 38% Trust Services % 4% 15% SaaS % 5% 9% NetBackup % 4% 38% Backup Exec % 5% 19% Total 4, % Revenue is Declining NAV (8%) (8%) 11% Other Consumer (22%) (22%) 5% Endpoint Management (6%) (6%) 13% Archiving and ediscovery % (6%) 11% Storage Foundation (6%) (6%) 24% Cluster Server (4%) (4%) 8% Consulting (46%) (46%) 35% Education (1%) (1%) 17% Total 1,771 (10.4%) 1. Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 16 8
9 Segment Review YoY Constant Currency Growth YoY Organic Constant Currency Non GAAP Growth 1 FY12 GAAP Rev ($M) FY11 GAAP Rev ($M) % of Total Consumer 2,104 1,953 5% 5% 31% NIS % 8% 40% N % 7% 39% NAV (8%) (8%) 11% Services (Norton Data, NortonLive & Mobile) % 52% 5% Other Consumer (22%) (22%) 5% Security & Compliance 1,961 1,637 17% 3% 29% Endpoint Security % 0% 38% Trust Services % 4% 15% DLP, Encryption, Compliance & User Auth % 15% 20% Endpoint Management (6%) (6%) 13% SaaS % 5% 9% Managed Security Services % 22% 5% Storage & Server Mgmt 2,400 2,305 2% 0% 36% Backup, Archiving and ediscovery 1,630 1,497 7% 3% 68% NetBackup % 4% 38% Backup Exec % 5% 19% Archiving and ediscovery % (6%) 11% Storage Management (6%) (6%) 33% Storage Foundation (6%) (6%) 24% Cluster Server (4%) (4%) 8% Services (16%) (16%) 4% Business Critical Services % 30% 48% Consulting (46%) (46%) 35% Education (1%) (1%) 17% 1. Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 17 Historical First Quarter Seasonal Trends GAAP Revenue Non GAAP EPS 3 Year Average Quarter Sequential Growth % of Total Fiscal Year June (3.3%) September 2.6% 48% December 5.1% March 0.4% 52% 3 Year Average Quarter Sequential Growth % of Total Fiscal Year June (6.8%) September 0.9% 48% December 7.2% March (0.3%) 52% Season fluctuations have historically caused sequential revenue and non GAAP EPS growth to be negative in the June quarters Sequential non GAAP EPS typically declines in the March quarters Revenue and non GAAP EPS are typically greater in the second half of the fiscal year Sequential growth rates as reported 18 9
10 Reconciliation of GAAP Statement of Operations to Non GAAP (In millions, except per share data) FY12 FY11 FY10 NET REVENUE: GAAP net revenue 6,730 6,190 5,985 OPERATING EXPENSES: GAAP operating expenses 4,569 4,265 3,947 Operating expense adjustment (511) (518) (510) Non GAAP operating expenses 4,058 3,747 3,437 OPERATING INCOME (LOSS): GAAP operating income (loss) 1, Gross profit adjustment Operating expense adjustment Non GAAP operating income 1,697 1,535 1,692 NET INCOME (LOSS) PER SHARE DILUTED: GAAP net income (loss) per share attributable to Symantec Corporation stockholders Stock based compensation adjustment per share, net of tax Other non GAAP adjustments per share, net of tax (0.12) Non GAAP net income per share attributable to Symantec Corporation stockholders WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED: GAAP weighted average shares outstanding attributable to Symantec Corporation stockholders Non GAAP weighted average shares outstanding attributable to Symantec Corporation stockholders Please refer to the Earnings Supplemental Information on our investor relations website: 19 Reconciliation of GAAP Operating Expenses to Non GAAP FY12 FY11 FY10 OPERATING EXPENSES: Sales and marketing 2,814 2,622 2,367 Research and development General and administrative Amortization of other purchased intangible assets Restructuring and transition Impairment of intangible assets and goodwill 4 27 Loss and impairment of assets held for sale 2 30 Total GAAP operating expenses 4,569 4,265 3,947 Stock based compensation (148) (123) (139) Amortization of other intangible assets (289) (270) (247) Restructuring and transition (56) (92) (94) Impairment of intangible assets and goodwill (4) (27) Loss and impairment of assets held for sale (2) (30) Acquisition related expenses (6) (14) Internally developed software costs 10 Patent settlement (8) Operating expense adjustment (511) (518) (510) Sales and marketing 2,744 2,565 2,308 Research and development General and administrative Total Non GAAP operating expenses 4,058 3,747 3,437 Please refer to the Earnings Supplemental Information on our investor relations website:
Unlocking Our Growth Opportunity
Unlocking Our Growth Opportunity Thomas Seifert EVP and Chief Financial Officer Forward Looking Statements This presentation contains statements regarding our projected financial and business results,
More informationSymantec s 2015 Financial Analyst Day
Symantec s 2015 Financial Analyst Day April 17, 2015 Welcome Helyn Corcos Vice President, Investor Relations STRATEGIC HIGHLIGHTS 1 Forward Looking Statements This presentation contains statements regarding
More informationLogitech. July 24, 2013
Logitech Q1 Fiscal Year 2014 July 24, 2013 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws, including, without limitation,
More informationCISCO SYSTEMS, INC. Q4 FY 2005 CONFERENCE CALL
CISCO SYSTEMS, INC. Q4 FY 2005 CONFERENCE CALL August 9, 2005 2005, Cisco Systems, Inc. All rights reserved. 1 GAAP Reconciliation and Forward-Looking Statements GAAP RECONCILIATION During this presentation
More informationSYMANTEC CORPORATION 4Q11 EARNINGS PREPARED REMARKS
Introduction Helyn Corcos, Vice President Investor Relations Good afternoon, and thank you for joining our call to discuss fiscal fourth quarter and fiscal year 2011 financial results. With me today are
More informationPerkinElmer Announces Financial Results for the First Quarter 2008
PerkinElmer Announces Financial Results for the First Quarter 2008 -- Revenue of $482 million, up 20% over the prior year -- EPS from continuing operations of $0.20; Adjusted EPS of $0.29, up 21% over
More informationAnnual Stockholder Meeting
Annual Stockholder Meeting Jeff Henley Oracle Vice Chairman November 16, 2016 Copyright 2016, Oracle and/or its affiliates. All rights reserved. Safe Harbor Statement Statements in this presentation relating
More informationCISCO SYSTEMS, INC. Q4 FY 2004 CONFERENCE CALL
CISCO SYSTEMS, INC. Q4 FY 2004 CONFERENCE CALL August 10, 2004 2004, Cisco Systems, Inc. All rights reserved. 1 GAAP Reconciliation and Forward-Looking Statements GAAP RECONCILIATION During this presentation
More informationInvestment Community Conference Call. First Quarter, 2017 Earnings May 4, 2017
Investment Community Conference Call First Quarter, 2017 Earnings May 4, 2017 Use of Non-GAAP Financial Information Diebold Nixdorf has included non-gaap financial measures in this presentation to supplement
More informationExtreme Networks FQ2 18 Financial Results
Extreme Networks FQ2 18 Financial Results February 6, 2018 Cautionary Statement on Financial Measures Non-GAAP Measures: In preparing the accompanying information, the Company has excluded, where applicable,
More informationWelcome. Symantec s Strategic Direction and 3Q 2013 Earnings Presentation. Helyn Corcos Vice President Investor Relations. January 23, /23/2013
Symantec s Strategic Direction and 3Q 2013 January 23, 2013 Welcome Helyn Corcos Vice President Investor Relations 2 1 1 2 3 3Q FY13 Earnings Highlight Strategic Direction and Operational Plan Questions
More informationQ1 FY2016 Financial Results. June 10, 2015
Q1 FY2016 Financial Results June 10, 2015 1 Investor Disclosure: Non-GAAP Measures and Forward- Looking Statements This presentation contains non-gaap measures relating to the company's performance. You
More informationLawson Software Overview Rob Schriesheim, EVP and CFO
Lawson Software Overview Rob Schriesheim, EVP and CFO Q4 Fiscal 2008 Update July 2008 Use of Forward-Looking Statements This presentation contains forward-looking statements that contain risks and uncertainties.
More informationContact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications
For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com Q1 FY18
More informationExtreme Networks FQ4 17 Financial Results
Extreme Networks FQ4 17 Financial Results August 14, 2017 Cautionary Statement on Financial Measures Non-GAAP Measures: In preparing the accompanying information, the Company has excluded, where applicable,
More informationEPG Conference. Blake Moret Chairman and Chief Executive Officer May 21, 2018
EPG Conference Blake Moret Chairman and Chief Executive Officer May 21, 2018 SAFE HARBOR STATEMENT THIS PRESENTATION INCLUDES STATEMENTS RELATED TO THE EXPECTED FUTURE RESULTS OF THE COMPANY AND ARE THEREFORE
More informationLogitech Q1 Fiscal Year 2015 Preliminary Financial Results Management s Prepared Remarks (July 23, 2014)
Logitech is posting a copy of these prepared remarks, its press release and accompanying slides to its investor website. These prepared remarks will not be read on the call. We refer both to GAAP and to
More informationSecond Quarter and Half Year 2018 Financial Highlights. Walldorf, Germany Thursday, July 19, 2018
Second Quarter and Half Year 2018 Financial Highlights Walldorf, Germany Thursday, July 19, 2018 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking
More informationLogitech Q1 Fiscal Year 2017 Financial Results Management s Prepared Remarks (July 28, 2016)
Logitech is posting a copy of these prepared remarks, its press release and accompanying slides to its investor website. These prepared remarks will not be read on the call. We refer both to GAAP and to
More informationChanges to non-gaap Financial Reporting for Silver Spring Networks FAQ. February 10, 2017
Changes to non-gaap Financial Reporting for Silver Spring Networks FAQ February 10, 2017 On May 17, 2016, the Staff of the United States Securities and Exchange Commission (the SEC ) updated their Compliance
More informationFirst Quarter FY18 First Fiscal Quarter Financial Results FY18 Financial Results May 31, 2017
First Quarter FY18 First Fiscal Quarter Financial Results FY18 Financial Results May 31, 2017 Put a date here. Or May the speaker s 31, 2017 name. Or their @handle Forward-Looking Statements and Non-GAAP
More informationEnergy Aerospace & Defense Industrial. First Quarter Investor Review
Energy Aerospace & Defense Industrial First Quarter 2018 Investor Review Presented May 2, 2018 1 Safe Harbor This presentation contains forward-looking statements within the meaning of Section 27 A of
More informationNon-GAAP Information
Safe Harbor Warning During the course of this presentation, we may make projections or other forward-looking statements regarding the future financial performance of the company or future events, including
More informationExtreme Networks FQ1 19 Financial Results
Extreme Networks FQ1 19 Financial Results November 2, 2018 Cautionary Statement on Financial Measures Non-GAAP Measures: In preparing the accompanying information, the Company has excluded, where applicable,
More informationTransforming the way Companies Create, Operate, and Service Smart, Connected Products. Andrew Miller EVP & Chief Financial Officer
Transforming the way Companies Create, Operate, and Service Smart, Connected Products Andrew Miller EVP & Chief Financial Officer March 2015 Forward-Looking Statement Today s presentation and Q&A session
More informationDisclaimer Forward-Looking Statements Industry and Market Data Non-GAAP Financial Information
Disclaimer Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Securities Act of 1933, as amended (the Securities Act ), the Securities Exchange Act
More informationIBM REPORTS 2011 SECOND-QUARTER RESULTS
IBM REPORTS 2011 SECOND-QUARTER RESULTS o Diluted EPS: - GAAP: $3.00, up 15 percent; - Operating (non-gaap): $3.09, up 18 percent; o Revenue: $26.7 billion, up 12 percent, up 5 percent adjusting for currency;
More informationGood afternoon. This is Cynthia Hiponia, Vice President of Investor Relations at Symantec and I
Good afternoon. This is Cynthia Hiponia, Vice President of Investor Relations at Symantec and I am pleased to welcome you to our call to discuss our third quarter fiscal year 2018 earnings results. We
More informationQ1 FY19 Financial Update
Q FY9 Financial Update Salesforce NYSE: CRM @Salesforce_ir Safe Harbor "Safe harbor" statement under the Private Securities Litigation Reform Act of 995: This presentation contains forward-looking statements
More informationTHERMO FISHER SCIENTIFIC
THERMO FISHER SCIENTIFIC February 8, 2007 Reconciliation of Financial Information Q4-2006 1. GAAP P&L (as reported): 2002 to 2006 2. Reconciliation of GAAP to Adjusted P&L: 2002 to 2006 3. Business Segment
More informationGood afternoon. I am Cynthia Hiponia, Vice President of Investor Relations at Symantec and I am
FY4Q18 and Full Year FY18 Earnings Call Script Good afternoon. I am Cynthia Hiponia, Vice President of Investor Relations at Symantec and I am pleased to welcome you to our call to discuss our fourth quarter
More informationThird quarter and first nine months 2017 Results Release. October 19 th, 2017
Third quarter and first nine months 2017 Results Release October 19 th, 2017 Safe harbor statement Any statements contained in this document that are not historical facts are forward-looking statements
More informationOpenText Buys EasyLink Reports Third Quarter Fiscal Year 2012 Financial Results
PRESS RELEASE OpenText Buys EasyLink Reports Third Quarter Fiscal Year 2012 Financial Results Waterloo, ON, May 1, 2012 - Open Text (TM) Corporation (NASDAQ:OTEX) (TSX: OTC), announced today that is has
More informationThird Quarter Fiscal 2013 Performance June 29, Financial results and company highlights Fourth quarter and fiscal year 2013 outlook
Third Quarter Fiscal 2013 Performance June 29, 2013 Financial results and company highlights Fourth quarter and fiscal year 2013 outlook Safe Harbor Statement This presentation contains forward looking
More informationEMEA MARKET MARKETING HEIDI ARKINSTALL CMO. RENE OEHLERKING Jaybird. UJESH DESAI GM, Gaming
EMEA MARKET MARKETING HEIDI ARKINSTALL CMO RENE OEHLERKING Jaybird UJESH DESAI GM, Gaming FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the U.S.
More informationThe power to do more Annual Meeting of Stockholders
The power to do more 2011 Annual Meeting of Stockholders July 15, 2011 Welcome Lawrence Tu Senior Vice President, General Counsel Forward-looking statements Special Note on Forward Looking Statements:
More informationF5 to Acquire NGINX. March 11, 2019
F5 to Acquire NGINX March 11, 2019 All rights reserved. F5, F5 Networks, and the F5 logo are trademarks of F5 Networks, Inc. in the U.S. and in certain other countries. Other F5 trademarks are identified
More informationVeriFone Files Restated Reports
VeriFone Files Restated Reports SAN JOSE, Calif. -- August 19, 2008 --VeriFone Holdings Inc. (NYSE: PAY) today filed its amended and restated quarterly report on Form 10-Q/A for the fiscal quarters ended
More informationAgilent Technologies. Q2 15 Results Presentation. Page 1
Agilent Technologies Q2 15 Results Presentation Page 1 Safe Harbor This presentation contains forward-looking statements (including, without limitation, information and future guidance on the company s
More informationSecurities Analyst Meeting 2017 PRINTING. Enrique Lores President, Imaging and Printing Business
Securities Analyst Meeting 2017 PRINTING Enrique Lores President, Imaging and Printing Business Forward-looking statements Today s presentations contain forward-looking statements that involve risks, uncertainties
More informationCFO Commentary on First-Quarter 2013 Results
Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 CFO Commentary on First-Quarter 2013 Results Summary First quarter revenue of $12.6B was down 7% sequentially, in line with the average
More informationFiscal 2018 Fourth Quarter Earnings Call April 10, 2019
Fiscal 2018 Fourth Quarter Earnings Call April 10, 2019 Forward Looking Statements This presentation may contain forward-looking statements, including, but not limited to, anticipated net earnings per
More informationQ3 FISCAL 2019 RESULTS
Q3 FISCAL 2019 RESULTS November 19, 2018 1 FORWARD LOOKING STATEMENTS AND NON-GAAP INFORMATION This presentation contains forward-looking statements that are based on our beliefs and assumptions and on
More informationFORTUNE BRANDS HOME & SECURITY, INC. ADJUSTED PRO FORMA INFORMATION (In millions, except per share amounts) (Unaudited)
ADJUSTED PRO FORMA INFORMATION (In millions, except per share amounts) Three Months Ended December 31, Year Ended December 31, 2011 2010 % Change 2011 2010 % Change Net Sales (GAAP) Kitchen & Bath Cabinetry
More informationLogitech Q3 Fiscal Year 2019 Financial Results Management s Prepared Remarks (January 22, 2019)
Logitech is posting a copy of these prepared remarks, our press release, and accompanying slides to our investor website. These prepared remarks will not be read on the call. We refer to non-gaap financial
More informationSecond Quarter and Half Year 2016 Results. Wednesday, July 20, 2016
Second Quarter and Half Year 2016 Results Wednesday, July 20, 2016 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements as defined
More informationWESCO International. Dave Schulz, Senior Vice President and Chief Financial Officer Raymond James 39 th Annual Investors Conference, March 7, 2018
WESCO International Dave Schulz, Senior Vice President and Chief Financial Officer 2 Safe Harbor Statement All statements made herein that are not historical facts should be considered as forward-looking
More information2018 Q1 Investor Relations Presentation
2018 Q1 Investor Relations Presentation Forward Looking Statements This presentation contains forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events
More information21 st Annual Needham Growth Conference. January 15, 2019
21 st Annual Needham Growth Conference January 15, 2019 Forward-Looking Statements Certain statements in this communication may contain forward-looking statements within the meaning of the Private Securities
More informationFourth Quarter and Year End 2015 Earnings Conference Call
Fourth Quarter and Year End 2015 Earnings Conference Call February 16, 2016 Patrick Harshman, President & CEO Hal Covert, CFO Forward Looking Statements During the course of this presentation, we will
More informationTrimble Fourth Quarter and Fiscal 2017 Results Summary
Trimble Fourth Quarter and Fiscal 2017 Results Summary Forward-looking statements Certain statements made in this presentation and any subsequent Q&A period are forward -looking statements, within the
More information2014 First Quarter Business Review
2014 First Quarter Business Review (unaudited) April 24, 2014 2014 First Quarter Business Review Forward Looking Statements This presentation contains forward-looking information about 3M's financial results
More informationCalix Q Financial Results. February 13, 2018
Calix Q4 2017 Financial Results February 13, 2018 Safe Harbor This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements
More informationIBM 4Q 2016 Earnings. January 19, ibm.com/investor
IBM 4Q 2016 Earnings January 19, 2017 ibm.com/investor Forward Looking Statements and Non-GAAP Information 2 Certain comments made in this presentation may be characterized as forward looking under the
More informationProgress Software Reports 2010 Second Quarter Results
June 22, 2010 Progress Software Reports 2010 Second Quarter Results Non-GAAP Total Revenue Up 9%; Non-GAAP Earnings per Share Up 51%; Enterprise Business Solutions Revenue Up 39% BEDFORD, MA, Jun 22, 2010
More informationSecond Quarter 2018 Conference Call
Second Quarter 2018 Conference Call July 24, 2018 Forward-Looking Statements This presentation contains forward-looking statements. Actual results may differ materially from results anticipated in the
More informationInvestor Presentation. Slide 1 Copyright 2010 Open Text Corporation. All rights reserved.
Investor Presentation September 2010 Slide 1 Disclaimer Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities
More information(Loss) earnings from operations (432) 480 (190%) Other income (expense), net 3 9 (67%) (Benefit) provision for taxes (154) 161 (195%)
PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF EARNINGS Excluding Amortization of Goodwill and Other Intangibles, Acquisition and Divestiture Related Items and Other One-Time and Non-Operational Items (In
More informationPayPal Reports First Quarter 2017 Results and Raises Financial Guidance for Full Year
PayPal Reports First Quarter 2017 Results and Raises Financial Guidance for Full Year Q1 GAAP EPS increased 6% to $0.32, non GAAP EPS increased 19% to $0.44 $5 billion stock repurchase authorization announced
More informationQ1 FISCAL 2019 RESULTS
Q1 FISCAL 2019 RESULTS MAY 21, 2018 1 FORWARD LOOKING STATEMENTS AND NON-GAAP INFORMATION This presentation contains forward-looking statements that are based on our beliefs and assumptions and on information
More informationSIMPLIFY OPERATIONS, SPEND SMARTER. May 2018
SIMPLIFY OPERATIONS, SPEND SMARTER May 2018 IMPORTANT NOTICE The following information contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or future
More informationMorgan Stanley Conference. November 15, 2017
Morgan Stanley Conference November 15, 2017 1 Forward Looking Statements Certain statements in this release or presentation, other than purely historical information, including estimates, projections,
More informationInvestor Presentation Q2 2009
THE PEOPLE BEHIND BIRT THE PEOPLE BEHIND BIRT THE PEOPLE BEHIND BIRT THE 1 Investor Presentation Q2 2009 BIRT Actuate Corporation THE PEOPLE 2009 BEHIND BIRT THE PEOPLE BEHIND BIRT THE PEOPLE BEHIND BIRT
More information1Q Fiscal 2019 ADP Earnings Call & Webcast
1Q Fiscal 2019 ADP Earnings Call & Webcast October 31, 2018 Forward Looking Statements This presentation and other written or oral statements made from time to time by ADP may contain forward-looking statements
More informationLawson Software 2007 Annual Meeting of Stockholders. October 18, 2007
Lawson Software October 18, 2007 Use of Forward-Looking Statements This presentation contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements
More informationA Leading Provider of Marketing Automation Solutions
A Leading Provider of Marketing Automation Solutions Investor Presentation December 2017 SharpSpring, Inc. investors.sharpspring.com NASDAQ: SHSP Safe Harbor Statement The information provided in this
More informationLetter to Shareholders Q2 FY18
November 2, 2017 Letter to Shareholders Q2 FY18 CIRRUS LOGIC, INC. 800 WEST SIXTH STREET, AUSTIN, TEXAS 78701 November 2, 2017 Dear Shareholders, Cirrus Logic reported outstanding results in the September
More information8x8, Inc. (NYSE:EGHT) Fourth Quarter and Full-Year Fiscal 2018 Earnings. May 24, 2018
8x8, Inc. (NYSE:EGHT) Fourth Quarter and Full-Year Fiscal 2018 Earnings May 24, 2018 Forward Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities
More informationInvestor Presentation 1Q19
Investor Presentation 1Q19 August 7, 2018. Forward-Looking Statements and Non-GAAP Financial Measures This presentation contains forward-looking statements, as that term is defined under the federal securities
More informationEMC Q Financial Results Tony Takazawa Director, Global Investor Relations April 19, 2005
EMC Q1 2005 Financial Results Tony Takazawa Director, Global Investor Relations April 19, 2005 1 Forward-Looking Statements This presentation contains forward-looking statements as defined under the Federal
More informationITT Inc. Connect & Control Technologies (CCT) Supplemental Financial Data 2016 & 2015
ITT Inc. Connect & Control Technologies (CCT) Supplemental Financial Data 2016 & 2015 Key Performance Indicators & Non-GAAP Measures Management reviews a variety of key performance indicators including
More informationFirst Quarter 2017 Earnings. May 9, 2017
First Quarter 2017 Earnings May 9, 2017 1 Safe Harbor Caution Concerning Forward-Looking Statements Various remarks that the Company makes contain forward-looking statements regarding acquisitions, acquisition
More informationDassault Systèmes. Analyst Meeting Q308. Bernard Charles, President and CEO Thibault de Tersant, Senior EVP and CFO
Dassault Systèmes Analyst Meeting Q308 Bernard Charles, President and CEO Thibault de Tersant, Senior EVP and CFO Forward Looking Information Statements herein that are not historical facts but express
More informationFinancial Analyst Meeting. October 5, 2017
Financial Analyst Meeting October 5, 2017 1 Oracle Cloud Business Update Oracle OpenWorld Financial Analyst Meeting Mark Hurd Chief Executive Officer Oracle October 5, 2017 2 Safe Harbor Statement Statements
More informationStifel Conference. Blake Moret Chairman and Chief Executive Officer. Patrick Goris Senior Vice President and Chief Financial Officer.
Stifel Conference Blake Moret Chairman and Chief Executive Officer Patrick Goris Senior Vice President and Chief Financial Officer June 12, 2018 SAFE HARBOR STATEMENT THIS PRESENTATION INCLUDES STATEMENTS
More informationTelenav Reports Second Quarter Fiscal 2017 Financial Results
January 31, 2017 Telenav Reports Second Quarter Fiscal 2017 Financial Results SANTA CLARA, Calif., Jan. 31, 2017 (GLOBE NEWSWIRE) -- Telenav, Inc. (NASDAQ:TNAV), a leader in connected car services, today
More informationRed Hat Annual Meeting of Stockholders August 16, Welcome!
Red Hat Annual Meeting of Stockholders August 16, 2007 Welcome! Certain Legal Matters: Forward-Looking Statements Any statements in this program, whether in our slides, spoken words or otherwise, about
More informationFull year 2014 results
Listen-only live audio webcast available from www.gemalto.com/investors Full year 2014 results March 5, 2015 Olivier Piou, CEO Jacques Tierny, CFO Disclaimer This communication does not constitute an offer
More informationRockwell Automation Company Overview January 2017
Rockwell Automation Company Overview January 2017 2 Safe Harbor Statement This presentation includes statements related to the expected future results of the company and are therefore forward-looking statements.
More informationOracle Cloud Business Update
Oracle Cloud Business Update Financial Analyst Meeting September 22, 2016 San Francisco Mark Hurd Chief Executive Officer Copyright 2016, Oracle and/or its affiliates. All rights reserved. Safe Harbor
More informationA MESSAGE FROM HUBERT JOLY, CHAIRMAN & CEO
A MESSAGE FROM HUBERT JOLY, CHAIRMAN & CEO 4 Dear Fellow Shareholders: In many ways, fiscal 2017 was another positive and exciting milestone for Best Buy. I would like to share and discuss four reasons
More informationCorporate Overview. November 2018
Corporate Overview November 2018 2018 2018 Harmonic Harmonic Inc. Inc. All rights All rights reserved reserved worldwide. Forward Looking Statements During the course of this presentation, we will provide
More informationFourt r h t Q u Q art ar er Fiscal scal Y ear ear 2011 Fin i ancial ci al Result l s
Fourth Quarter Fiscal Year 2011 Financial Results June 9, 2011 1 Forward Looking Statements Certain statements included in this management presentation constitute forward-looking statements, including
More informationFirst Quarter Fiscal 2019 Earnings. July 26, 2018
First Quarter Fiscal 2019 Earnings July 26, 2018 Forward Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995
More informationLogitech. October 24, 2012
Logitech Q2 Fiscal Year 2013 October 24, 2012 Forward-Looking Statements This presentation and the remarks on the call contain forward-looking statements within the meaning of the U.S. federal securities
More informationCorporate Overview. September 4, 2018
Corporate Overview September 4, 2018 2018 2018 Harmonic Harmonic Inc. Inc. All rights All rights reserved reserved worldwide. Forward Looking Statements During the course of this presentation, we will
More informationProgress Investor Overview. July 2018
Progress Investor Overview July 2018 Forward Looking Statements This presentation contains statements that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
More informationLogitech. July 25, 2012
Logitech Q1 Fiscal Year 2013 July 25, 2012 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation,
More informationD&B Announces 2003 Third Quarter Results
October 27, 2003 D&B Announces 2003 Third Quarter Results Total Revenue of $332 Million Up 7 Percent, Up 11 Percent After Foreign Exchange EPS of 54 Cents Up 20 Percent Before Non-Core Gains and Charges;
More informationCerner Corporation First Quarter 2018 Earnings Conference Call May 2, 2018
Moderator Cerner Corporation First Quarter 2018 Earnings Conference Call May 2, 2018 Welcome to Cerner Corporation s first quarter 2018 conference call. Today s date is May 2, 2018, and this call is being
More informationALASTAIR CURTIS Chief Design Officer. CHARLOTTE JOHS GM, Ultimate Ears
DESIGN ALASTAIR CURTIS Chief Design Officer CHARLOTTE JOHS GM, Ultimate Ears FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the U.S. federal securities
More informationInvestor Presentation
Investor Presentation As of August 2, 2017 Advanced Signal Processing Products Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation contain
More informationSolarfun Reports First Quarter 2010 Results
Solarfun Reports First Quarter 2010 Results SHANGHAI, May 26, 2010 /PRNewswire via COMTEX News Network/ -- Solarfun Power Holdings Co., Ltd. ( "Solarfun" or the "Company") (Nasdaq: SOLF), a vertically
More informationInvestor Relations Presentation. September 2014
Investor Relations Presentation September 2014 Forward Looking Statements This presentation contains historical information and forward-looking statements within the meaning of The Private Securities Litigation
More informationNeedham Growth Conference
Needham Growth Conference Jeremy Rosenberg Senior Vice President of Business Development January 16, 2019 2018 2018 Harmonic Harmonic Inc. Inc. All rights All rights reserved reserved worldwide. Forward
More informationAvnet Presentation Raymond James 38 th Annual Institutional Investors Conference
William Amelio, Chief Executive Officer Vincent Keenan, Senior VP of Investor Relations March 7, 2017 Avnet Presentation Raymond James 38 th Annual Institutional Investors Conference 1 Safe Harbor Statement
More information2009 ANNUAL MEETING OF STOCKHOLDERS. July 17, 2009
2009 ANNUAL MEETING OF STOCKHOLDERS July 17, 2009 2009 ANNUAL MEETING OF STOCKHOLDERS Robert Williams Director, Investor Relations July 17, 2009 SAFE HARBOR Statements in this presentation that relate
More informationThe Global Exchange For Advertising November 2018
The Global Exchange For Advertising November 2018 1 COPYRIGHT RUBICON PROJECT 2018 SAFE HARBOR FORWARD-LOOKING STATEMENTS This presentation and management's remarks may include, forward-looking statements,
More informationInvestor Overview Q Slides updated as of July 31, 2018
Investor Overview Q2 2018 Slides updated as of July 31, 2018 Safe Harbor and Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of federal securities laws,
More informationUnleashing the Power of Information
Unleashing the Power of Information INVESTOR PRESENTATION FY12-Q4 August 9, 2012 Safe Harbor Statement Certain statements in this presentation constitute forward-looking statements or forward-looking information
More information