Fiscal 2019 Business Outlook – ASC 605
For the third quarter
and fiscal year ending September 30, 2019, the company expects:
In millions except per share amounts | ||||||||||
Operating Measures (1) |
Q3’19
|
Q3’19
|
FY’19
|
FY’19
|
||||||
Subscription ACV | $51 | $55 | $ 207 | $ 217 | ||||||
License and Subscription Bookings | $110 | $120 | $ 485 | $ 505 | ||||||
Subscription % of Bookings | 92% | 92% | 86% | 86% | ||||||
(1) An explanation of the metrics included in this table is provided below. | ||||||||||
Financial Measures |
Q3’19
|
Q3’19
|
FY’19
|
FY’19
|
||||||
Subscription Revenue | $166 | $170 | $ 664 | $ 670 | ||||||
Support Revenue | $105 | $105 | $424 | $425 | ||||||
Perpetual License Revenue | $9 | $10 | $70 | $73 | ||||||
Total Software Revenue | $280 | $285 | $1,158 | $1,168 | ||||||
Professional Services Revenue | $40 | $40 | $155 | $157 | ||||||
Total Revenue | $320 | $325 | $ 1,313 | $ 1,325 | ||||||
Operating Expense (GAAP) | $221 | $223 | $ 912 | $917 | ||||||
Operating Expense (Non-GAAP) | $190 | $ 192 | $740 | $745 | ||||||
Operating Margin (GAAP) | 5% | 7% | 6% | 7% | ||||||
Operating Margin (Non-GAAP) | 18% | 19% | 23% | 23% | ||||||
Tax Rate (GAAP) | 30% | 30% | 30% | 30% | ||||||
Tax Rate (Non-GAAP) | 19% | 18% | 19% | 18% | ||||||
Shares Outstanding | 118 | 118 | 118 | 118 | ||||||
EPS (GAAP) | $0.03 | $0.07 | $ 0.25 | $ 0.32 | ||||||
EPS (Non-GAAP) | $0.31 | $0.36 | $ 1.75 | $ 1.85 | ||||||
Free Cash Flow | $ 265 | $ 275 | ||||||||
Adjusted Free Cash Flow | $ 290 | $ 300 | ||||||||