For the second quarter and fiscal year ending September 30, 2018, the company expects:
| In millions except per share amounts | ||||||||||||
| Operating Measures(1) |
Q2’18
|
Q2’18
|
FY’18
|
FY’18
|
||||||||
| Subscription ACV | $ 37 | $ 41 | $ 181 | $ 189 | ||||||||
| License and Subscription Bookings | $ 94 | $ 104 | $ 455 | $ 475 | ||||||||
| Subscription % of Bookings | 79% | 79% | 80% | 80% | ||||||||
| (1) An explanation of the metrics included in this table is provided below. | ||||||||||||
| Financial Measures |
Q2’18
|
Q2’18
|
FY’18
|
FY’18
|
||||||||
| Subscription Revenue | $ 111 | $ 113 | $ 460 | $ 470 | ||||||||
| Support Revenue | 126 | 126 | 510 | 510 | ||||||||
| Perpetual License Revenue | 20 | 23 | 92 | 97 | ||||||||
| Total Software Revenue | 257 | 262 | 1,062 | 1,077 | ||||||||
| Professional Services Revenue | 43 | 43 | 173 | 173 | ||||||||
| Total Revenue | $ 300 | $ 305 | $ 1,235 | $ 1,250 | ||||||||
| Operating Expense (GAAP) | $ 202 | $ 205 | $ 825 | $ 836 | ||||||||
| Operating Expense (Non-GAAP) | 176 | 179 | 727 | 737 | ||||||||
| Operating Margin (GAAP) | 4% | 6% | 6% | 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) | 117 | 117 | 117 | 117 | ||||||||
| Shares Outstanding (Non-GAAP) | 117 | 117 | 117 | 117 | ||||||||
| EPS (GAAP) | $ 0.01 | $ 0.04 | $ 0.28 | $ 0.37 | ||||||||
| EPS (Non-GAAP) | $ 0.28 | $ 0.32 | $ 1.29 | $ 1.39 | ||||||||
| Free Cash Flow | $ 195 | $ 205 | ||||||||||
| Adjusted Free Cash Flow | $ 199 | $ 209 | ||||||||||
