⁽¹⁾ Includes $16 million related to our workforce realignment recorded in the first quarter of 2019 and $29 million recorded in the first and second quarters of 2019 related to lease commitments and accelerated depreciation expense associated with exiting the Needham headquarters facility and relocating to our new worldwide headquarters in the Boston Seaport District, which occurred in January 2019.

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 Low		Q3’19 High			FY’19 Low		FY’19 High
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 Low		Q3’19 High			FY’19 Low		FY’19 High
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

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