FY’16 Business Outlook
For the
quarter and fiscal year ending September 30, 2016, the company expects:
| In millions except per share amounts | ||||||||||||||||||
| Operating Measures(1) |
Q4’16
|
Q4’16
|
FY’16
|
FY’16
|
||||||||||||||
| Subscription ACV | $ | 25 | $ | 28 | $ | 90 | $ | 92 | ||||||||||
| License and Subscription Bookings | $ | 111 | $ | 121 | $ | 370 | $ | 380 | ||||||||||
| Subscription % of Bookings | 46 | % | 46 | % | 48 | % | 48 | % | ||||||||||
|
(1) An explanation of the metrics included in this table is provided below. |
||||||||||||||||||
| Financial Measures |
Q4’16
|
Q4’16
|
FY’16
|
FY’16
|
||||||||||||||
| Subscription Revenue | $ | 40 | $ | 40 | $ | 120 | $ | 120 | ||||||||||
| Support Revenue | 155 | 155 | 649 | 649 | ||||||||||||||
| Perpetual License Revenue |
61 |
66 | 193 | 198 | ||||||||||||||
| Total Software Revenue (2) | 256 | 261 | 962 | 967 | ||||||||||||||
| Professional Services Revenue | 49 | 49 | 198 | 198 | ||||||||||||||
| Total Revenue (2) | $ | 305 | $ | 310 | $ | 1,160 | $ | 1,165 | ||||||||||
| Operating Expense (GAAP) | $ | 196 | $ | 198 | $ | 809 | $ | 811 | ||||||||||
| Operating Expense (Non-GAAP) | 170 | 172 | 667 | 669 | ||||||||||||||
| Operating Margin (GAAP) | 8 | % | 9 | % | 2 | % | 2 | % | ||||||||||
| Operating Margin (Non-GAAP) | 19 | % | 20 | % | 17 | % | 17 | % | ||||||||||
| Tax Rate (GAAP) | (13 | %) | (13 | %) | (5 | %) | (5 | %) | ||||||||||
| Tax Rate (Non-GAAP) | 10 | % | 8 | % | 8 | % | 7 | % | ||||||||||
| Shares Outstanding | 116 | 116 | 115 | 115 | ||||||||||||||
| EPS (GAAP) | $ | 0.11 | $ | 0.16 | ($ 0.11 | ) | ($ 0.07 | ) | ||||||||||
| EPS (Non-GAAP) (2) | $ | 0.36 | $ | 0.41 | $ | 1.36 | $ | 1.41 | ||||||||||
| Free Cash Flow | $ | 153 | $ | 153 | ||||||||||||||
| Adjusted Free Cash Flow (3) | $ | 236 | $ | 239 | ||||||||||||||
