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ASC-099 - ASC Archiving and eDiscovery 2010 - Dump Information

Vendor : Symantec
Exam Code : ASC-099
Exam Name : ASC Archiving and eDiscovery 2010
Questions and Answers : 94 Q & A
Updated On : August 20, 2018
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ASC-099 Questions and Answers

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ASC-099 ASC Archiving and eDiscovery 2010

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ASC-099 exam Dumps Source : ASC Archiving and eDiscovery 2010

Test Code : ASC-099
Test Name : ASC Archiving and eDiscovery 2010
Vendor Name : Symantec
Q&A : 94 Real Questions

Symantec ASC Archiving and

Proofpoint (PFPT) Q1 2018 consequences - revenue call Transcript | killexams.com Real Questions and Pass4sure dumps

No outcomes discovered, are trying new keyword!i might additionally like to remind everyone that we've adopted ASC 606 as of January 1 ... The 2d segment, formerly known as Archiving, privateness and Governance, will now be called Compliance. Th...

Symantec experiences Fiscal First Quarter 2019 results | killexams.com Real Questions and Pass4sure dumps

Q1 GAAP earnings become $1.156 billion, non-GAAP income became $1.165 billion

GAAP Diluted EPS changed into $(0.10), non-GAAP Diluted EPS became $0.34

Implementation of ASC 606 had a $0.03 superb have an impact on to GAAP diluted EPS and a $0.01 fantastic have an effect on to non-GAAP diluted EPS

cash stream from working activities for Q1 become $334M

MOUNTAIN VIEW, Calif. --(company WIRE)

Symantec Corp. (NASDAQ: SYMC) nowadays said effects for its first quarter fiscal yr 2019 ended June 29, 2018.

“we're happy with our earnings, revenue and money move from operations in the first quarter,” stated Greg Clark, Symantec CEO. “We believe that Symantec is well positioned to execute in opposition t the opportunity in the cyber protection market. Following a a success fiscal yr 2018 in our business protection phase, first quarter fiscal yr 2019 enterprise implied billings have been beneath expectations due to longer than anticipated revenue cycles for big, multi-product platform revenue. This pipeline management subject changed into isolated to North america. In our purchaser Digital safeguard phase, we were completely happy to have amazing earnings increase in the first quarter. we've adjusted our suggestions for the remainder of fiscal yr 2019 to replicate our outlook on our enterprise. We accept as true with demand continues to be amazing throughout our items and functions and are confident in our long-time period method to force organic growth and leverage our scale, innovation and capital to create business-main platform options.”

beginning with the first quarter of fiscal 2019, Symantec studies its results below Accounting commonplace Codification (“ASC”) 606. We didn't recast certain historical monetary suggestions as we elected to make use of the modified retrospective transition system.

To support readers keep in mind our previous economic performance and our future outcomes, we complement the financial effects that we provide in accordance with often permitted accounting principles, or GAAP, with non-GAAP fiscal measures. The strategies we use to produce non-GAAP outcomes aren't in keeping with GAAP and might vary from the methods used by way of different companies. additional info related to our non-GAAP measures are supplied beneath.

First Quarter Fiscal 2019 monetary Highlights (ASC 606)

  • GAAP salary turned into $1.156 billion, non-GAAP revenue became $1.165 billion
  • GAAP working margin of 0.1%, non-GAAP operating margin of 28.1%
  • GAAP Diluted EPS become $(0.10), non-GAAP Diluted EPS was $0.34
  • cash stream from operations of $334 million
  • we are providing right here effects of operations beneath the outdated profits attention standard, ASC 605, as a way to give traders with a direct comparison to counsel and prior outcomes.

    First Quarter Fiscal 2019 financial Highlights (ASC 605)

  • GAAP income changed into $1.151 billion, non-GAAP profits turned into $1.a hundred and sixty billion
  • GAAP working margin of (1.1)%, non-GAAP working margin of 27.0%
  • GAAP Diluted EPS changed into $(0.13), non-GAAP Diluted EPS became $0.33
  • 2nd Quarter and financial year 2019 counsel (ASC 606)

                      2d Quarter Fiscal 2019       GAAP       Non-GAAP revenue       $1,122M - $1,152M       $1,130M - $1,160M operating Margin       (1%) - 1%       26% - 28% EPS (Diluted)       ($0.08) - ($0.04)       $0.31 - $0.35 Fiscal year 2019 profits       $4,640M - $4,760M       $four,670M - $four,790M operating Margin       four% - 5%       30% EPS (Diluted)       ($0.04) - $0.08       $1.47 - $1.57            

    Symantec’s Board of directors has declared a quarterly cash dividend of $0.075 per common share to be paid on September 12, 2018, to all shareholders of list as of the close of enterprise on August 20, 2018.

    update of previously released financial effects for this autumn and fiscal yr 2018

    Subsequent to the release of our monetary effects for the fourth quarter fiscal year 2018, per SEC counsel on provisional reporting for accounting influences of the Tax Cuts and Jobs Act (the “Act”), we have continued to update our analysis and refine our calculations of the effects of the enactment of the Act, together with the affect of the one-time transition tax liability on the salary of our foreign subsidiaries. because of the ongoing Audit Committee investigation, we haven't yet filed our annual document on form 10-k for fiscal 12 months 2018, and our fourth quarter of fiscal 12 months 2018 and subsequent intervals continue to be open periods from an accounting point of view, field to adjustment for cloth updates. In reference to our most fresh quarterly reporting cycle, we've up to date our fourth quarter and monetary yr 2018 provisional transition tax expense, resulting in a $15 million boost to our tax provision and a corresponding enhance of lengthy-time period revenue taxes payable and salary taxes receivable. Our fiscal outcomes for the fourth quarter and financial yr 2018 in our income materials posted to our investor family members site were revised to mirror this adjustment. The computation of the one-time tax on the income of our overseas subsidiaries, as well as our web deferred tax liability and other features of the Act is in accordance with our existing knowing and assumptions concerning the impact of the Act, and may continue to alternate as additional clarification and implementation counsel is issued and because the interpretation of the Act evolves over time. This adjustment is completely regarding the provisional impacts of the Act and is unrelated to the continued Audit Committee investigation.

    Ongoing Audit Committee Investigation

    As up to now disclosed, Symantec’s Audit Committee is conducting an internal investigation in reference to concerns raised through a former employee involving the company’s public disclosures together with commentary on historical economic effects, its reporting of definite non-GAAP measures including people who might affect government compensation classes, certain ahead-searching statements, stock buying and selling plans and retaliation. The investigation is ongoing. The enterprise’s monetary effects and suggestions may be area to alternate in keeping with the result of the Audit Committee investigation. at the moment, the company does not expect a cloth opposed affect on its old economic statements for the third quarter of fiscal 12 months 2018 and prior. As noted above, our fourth quarter of fiscal 12 months 2018 and subsequent periods remain open durations from an accounting point of view, area to adjustment for fabric updates.

    For further particulars concerning Symantec’s results and outlook, please see the Supplemental tips on the investor members of the family web page of our web site at: http://www.symantec.com/invest.

    conference name

    Symantec has scheduled a convention demand 5:00 p.m. ET / 2:00 p.m. PT nowadays to talk about its results for its first quarter fiscal 12 months 2019 ended June 29, 2018 and to evaluate guidance. interested events may additionally access the convention name through Symantec’s Investor members of the family web site at http://investor.symantec.com/investor-members of the family/routine-calendar/. For telephone entry to the conference, name (877) 475-6198 in the u.s. or (970) 297-2372 from outside the united states. Please call 15 minutes early and provides the operator convention identity number 7188405.

    A replay and our organized remarks should be available on the investor family members home web page presently after the name is achieved.

    About Symantec

    Symantec company (NASDAQ: SYMC), the world’s leading cyber security business, helps organizations, governments and individuals comfy their most essential data anyplace it lives. agencies internationally seem to be to Symantec for strategic, built-in options to shield towards subtle attacks across endpoints, cloud and infrastructure. Likewise, a world group of more than 50 million americans and families depend on Symantec’s Norton and LifeLock product suites to give protection to their digital lives at home and throughout their contraptions. Symantec operates one of the most world’s biggest civilian cyber intelligence networks, permitting it to look and give protection to against essentially the most superior threats. For additional info, please seek advice from www.symantec.com or connect with us on fb, Twitter, and LinkedIn.

    be aware TO EDITORS: if you would like more information on Symantec business enterprise and its products, please visit the Symantec news Room at http://www.symantec.com/information. All prices mentioned are in U.S. greenbacks and are legitimate handiest within the united states.

    Symantec, the Symantec emblem and the Checkmark brand are logos or registered emblems of Symantec service provider or its associates within the U.S. and other international locations. other names can be emblems of their respective homeowners.

    ahead-searching Statements: This press free up carries statements which can be considered ahead-searching inside the that means of the U.S. federal securities legal guidelines, together with the statements concerning the expected have an effect on of the continued Audit Committee investigation, the counsel contained beneath the caption “Fiscal yr 2019 assistance (ASC 606)” and the statements involving Symantec’s other projected monetary and company consequences, including demand for its products and services, Symantec’s superior capabilities, and Symantec’s continued can charge and working efficiencies. These statements are discipline to primary and unknown dangers, uncertainties and other elements that may cause our actual results, stages of undertaking, performance or achievements to vary materially from consequences expressed or implied in this press free up. Such possibility factors encompass those concerning: our skill to proceed to integrate and absolutely obtain the anticipated merits from received corporations; typical economic situations; fluctuations and volatility in Symantec’s stock fee; the capacity of Symantec to correctly execute strategic plans; the capability to preserve client and associate relationships; the skill of Symantec to obtain its can charge and operating effectivity desires; the expected increase of definite market segments; Symantec’s sales pipeline and business approach; fluctuations in tax prices and overseas foreign money change rates and the influence of the recently enacted tax reform legislation; the have an effect on regarding Symantec’s future adoption of the new profits and other accounting necessities; the timing and market acceptance of latest product releases and improvements; and the a hit construction of new products and the diploma to which these items benefit market acceptance. different risks include, but don't seem to be confined to, hazards regarding the continued inside investigation with the aid of the Audit Committee, together with: (i) the risk that the inner investigation may additionally take longer to complete than expected (ii) the possibility that the interior investigation identifies mistakes, which can be cloth, in the enterprise’s economic effects, or impacts the timing of business filings; and (iii) the possibility of felony complaints or executive investigations concerning the subject of the inner investigation or linked concerns. precise consequences may additionally range materially from these contained in the ahead-looking statements in this press liberate. Symantec assumes no duty, and does not intend, to update these forward-looking statements on account of future events or trends. more information concerning these and other risk components is contained within the chance factors sections of Symantec’s most contemporary stories on kind 10-ok and form 10-Q.

    USE OF NON-GAAP financial guidance: We use non-GAAP measures of adjusted revenues, working margin, internet income and salary per share, which can be adjusted from consequences according to GAAP to include definite buy accounting adjustments and exclude definite prices, positive aspects and losses. additionally, we provide the non-GAAP metric of implied billings. These non-GAAP monetary measures are offered to enhance the person’s understanding of our previous economic performance and our possibilities for the longer term. Our administration team makes use of these non-GAAP monetary measures in assessing Symantec’s efficiency, in addition to in planning and forecasting future intervals. These non-GAAP economic measures don't seem to be computed in response to GAAP and the methods we use to compute them may also differ from the strategies used through different groups. Non-GAAP financial measures are supplemental, should still no longer be considered an alternative choice to financial assistance presented in keeping with GAAP and will be examine most effective along with our consolidated fiscal statements prepared in response to GAAP. Readers are inspired to assessment the reconciliation of our non-GAAP fiscal measures to the related GAAP consequences, which is connected to our quarterly income unencumber and which can also be discovered, together with different monetary counsel together with Supplemental information, on the investor members of the family web page of our site at: http://www.symantec.com/make investments.

     

     

                  SYMANTEC service provider Condensed Consolidated steadiness Sheets (1) (In thousands and thousands, unaudited)             June 29, 2018  

    March 30, 2018 (2)

      assets   current belongings: money and money equivalents $ 2,001 $ 1,774 short-time period investments 324 388 accounts receivable, web 502 809 different existing property   545     523 complete present belongings   three,372     three,494   Property and machine, internet 758 778 Intangible property, internet 2,532 2,643 Goodwill 8,322 eight,319 other long-term belongings   1,303     526 complete assets $ sixteen,287   $ 15,760   LIABILITIES AND STOCKHOLDERS' fairness   existing liabilities: debts payable $ one hundred seventy $ 168 accrued compensation and merits 165 260 Contract liabilities (3) 2,137 2,356

    different existing liabilities

      439     369

    total present liabilities

      2,911     three,153   long-time period debt 5,032 5,026 lengthy-term contract liabilities (3) 630 735 Deferred revenue tax liabilities 597 594 long-time period revenue taxes payable 1,one hundred ten 1,124 other long-term liabilities   eighty three     87 total liabilities   10,363     10,719       total stockholders' equity   5,924     5,041   complete liabilities and stockholders' fairness   $ sixteen,287   $ 15,760  

    (1) We adopted the brand new salary attention accounting typical (ASC 606) on a modified retrospective basis throughout Q1 FY19. The effects for Q1 FY19 are introduced below the new earnings cognizance accounting usual, while prior length amounts don't seem to be adjusted and continue to be mentioned beneath the prior income awareness accounting typical (ASC 605).

    (2) Subsequent to the release of our monetary consequences for the fourth quarter fiscal yr 2018, in step with SEC tips on provisional reporting for accounting affects of the Tax Cuts and Jobs Act (the “Act”), Symantec has persevered to replace our analysis and refine our calculations of the outcomes of the enactment of the Act, including the influence of the one-time transition tax liability on the profits of our foreign subsidiaries. subsequently, we have up to date our fourth quarter and monetary year 2018 provisional transition tax expense, resulting in a $15 million non-money, increase to our tax provision and a corresponding have an effect on on long-time period salary taxes payable and profits taxes receivable. as a result, we now have up to date our GAAP financial consequences for the fourth quarter and monetary yr 2018 in our revenue materials. There isn't any affect to our non-GAAP effects.

    (3) on account of the new revenue recognition accounting ordinary (ASC 606), quantities we've up to now known as deferred salary are actually known as contract liabilities, which include the overall of what is now recognized as deferred salary and client deposit liabilities in all schedules right through this doc.

                    SYMANTEC agency

    Condensed Consolidated Statements of Operations (1)

    (In millions, apart from per share statistics, unaudited)           Three Months Ended June 29, 2018   June 30, 2017   internet revenues $ 1,156 $ 1,175 charge of revenues   249       257   Gross profit   907       918     working charges: income and advertising 388 433 research and construction 236 233 prevalent and administrative 133 149 Amortization of intangible assets 53 59 Restructuring, transition and other charges   ninety six       88   total operating expenses   906       962   working earnings (loss)   1       (44 )   interest expense (fifty two ) (84 ) other expense, web   (22 )     (6 ) Loss from carrying on with operations earlier than earnings taxes   (seventy three )     (134 ) salary tax benefit   (6 )     (24 ) Loss from continuing operations (67 ) (one hundred ten ) salary (loss) from discontinued operations, web of earnings taxes   4       (23 ) net loss $ (sixty three )   $ (133 )   profits (loss) per share – primary and diluted: continuing operations $ (0.11 ) $ (0.18 ) Discontinued operations $ 0.01 $ (0.04 ) internet loss per share – basic and diluted $ (0.10 ) $ (0.22 )   Weighted-standard shares staggering – primary and diluted     624       609    

    (1) We adopted the brand new profits cognizance accounting standard (ASC 606) on a modified retrospective groundwork all the way through Q1 FY19. The consequences for Q1 FY19 are introduced below the brand new earnings focus accounting commonplace, whereas prior duration quantities aren't adjusted and continue to be stated beneath the prior earnings awareness accounting typical (ASC 605).

                    SYMANTEC organizationCondensed Consolidated Statements of cash Flows (In tens of millions, unaudited)           Three Months Ended June 29, 2018   June 30, 2017   working actions: web loss $ (63 ) $ (133 ) (earnings) loss from discontinued operations, web of revenue taxes (four ) 23 alterations: Amortization and depreciation 152 a hundred sixty five Impairment of lengthy-lived assets four 14 stock-based compensation fee 113 147 Deferred profits taxes (forty two ) (sixty two ) different (17 ) 26 trade in working assets and liabilities, web of acquisitions: accounts receivable, net 321 188 debts payable 19 (32 ) gathered compensation and advantages (74 ) (sixty eight ) Contract liabilities (106 ) (21 ) income taxes payable 18 forty different belongings (27 ) three other liabilities   40     (39 ) net cash offered with the aid of carrying on with working activities 334 251 internet cash utilized in discontinued operating actions   -     (38 ) net cash offered by way of operating actions   334     213     INVESTING activities: Additions to property and device (44 ) (47 ) payments for acquisitions, net of money got (5 ) (8 ) Proceeds from maturities and sale of brief-term investments sixty four - different   (5 )   1   web cash supplied by means of (utilized in) investing activities   10     (54 )   FINANCING activities: Repayments of debt - (2,010 ) internet proceeds from earnings of average stock below worker stock incentive plans four 11 Tax payments concerning confined inventory gadgets (forty two ) (sixty one ) Dividends and dividend equivalents paid   (63 )   (66 ) web money used in financing actions   (one hundred and one )   (2,126 )   impact of change fee fluctuations on cash and money equivalents   (sixteen )   26   change in money and money equivalents 227 (1,941 ) starting cash and cash equivalents   1,774     4,247   Ending money and cash equivalents   $ 2,001     $ 2,306         SYMANTEC companyReconciliation of chosen GAAP Measures to Non-GAAP Measures (1) (2) (dollars in millions, except per share statistics, unaudited)     Three Months Ended June 29, 2018   June 30, 2017

     

      impact of Adoption  

     

     

     

    ASC 606

      of ASC 606  

    ASC 605

     

    ASC 605

      net revenues $ 1,156 $ (5 ) $ 1,151 $ 1,a hundred seventy five Contract liabilities fair cost adjustment   9       -       9       53   internet revenues (Non-GAAP) $ 1,a hundred sixty five     $ (5 )   $ 1,a hundred and sixty     $ 1,228     working income (loss) $ 1 $ (14 ) $ (13 ) $ (44 ) Contract liabilities fair price adjustment 9 - 9 fifty three stock-primarily based compensation 113 - 113 147 Amortization of intangible property 111 - 111 114 Restructuring, transition and different costs 96 - ninety six 88 Acquisition-related charges 2 - 2 19 Litigation contract profit   (5 )     -       (5 )     -  

    working salary (Non-GAAP)

    $ 327     $ (14 )   $ 313     $ 377     operating margin 0.1 % (1.1 %) (three.7 %) working margin (Non-GAAP) 28.1 % 27.0 % 30.7 %   internet loss $ (63 ) $ (15 ) $ (78 ) $ (133 ) adjustments to income (loss) from continuing operations: Contract liabilities fair cost adjustment 9 - 9 fifty three inventory-based compensation 113 - 113 147 Amortization of intangible property 111 - 111 114 Restructuring, transition and other costs 96 - 96 88 Acquisition-linked prices 2 - 2 19 Litigation contract (5 ) - (5 ) - Non-money pastime cost 6 - 6 27 Loss from fairness activity 29 - 29 - other earnings tax results and changes   (sixty three )     5       (fifty eight )     (117 ) complete adjustment from continuing operations   298       5       303       331   total adjustment from discontinued operations   (four )     -       (4 )     23   internet salary (Non-GAAP) $ 231     $ (10 )   $ 221     $ 221     Diluted net earnings (loss) per share (three) $ (0.10 ) $ (0.03 ) $ (0.13 ) $ (0.22 ) changes to diluted internet profits (loss) per share Contract liabilities fair value adjustment 0.01 - 0.01 0.09 stock-based compensation 0.18 - 0.18 0.24 Amortization of intangible belongings 0.18 - 0.18 0.19 Restructuring, transition and other fees 0.15 - 0.15 0.14 Acquisition-related costs 0.00 - 0.00 0.03 Litigation agreement (0.01 ) - (0.01 ) - Non-money pastime expense 0.01 - 0.01 0.04 Loss from fairness interest 0.05 - 0.05 - other income tax results and adjustments   (0.10 )     0.01       (0.09 )     (0.19 ) complete adjustment from continuing operations   0.forty eight       0.01       0.forty nine       0.54   complete adjustment from discontinued operations (0.01 ) - (0.01 ) 0.04 Incremental dilution effect   (0.03 )     0.01       (0.02 )     (0.03 ) Diluted web revenue per share (Non-GAAP) $ 0.34     $ (0.01 )   $ 0.33     $ 0.33     Diluted weighted-regular shares brilliant 624 - 624 609 Incremental dilution   forty seven       -       47       55   Diluted weighted-regular shares miraculous (Non-GAAP) (four)     671       -       671       664     (1) This presentation contains non-GAAP measures. Non-GAAP financial measures are supplemental and may no longer be considered a substitute for financial assistance offered in accordance with GAAP. For an in depth rationalization of these non-GAAP measures, please see Appendix A. (2) We adopted the new earnings recognition accounting usual on (ASC 606) a modified retrospective groundwork all the way through Q1 FY19. The outcomes for Q1 FY19 are introduced beneath the brand new profits cognizance accounting general, whereas prior length amounts aren't adjusted and continue to be stated below the prior earnings awareness accounting common (ASC 605). (3) net salary per share quantities can also now not add because of rounding. (four) Diluted GAAP and non-GAAP weighted-commonplace shares wonderful are the same, apart from in intervals by which there's a GAAP loss from continuing operations. according to GAAP, we do not current dilution for GAAP in periods in which there's a loss from continuing operations. however, if there is non-GAAP web profits, we latest dilution for non-GAAP weighted-general shares staggering in an amount equal to the dilution that might have been introduced had there been GAAP salary from continuing operations for the duration.                 SYMANTEC corporationReconciliation of GAAP revenue to Non-GAAP Implied Billings (1) (2) (In hundreds of thousands, unaudited)           Three Months Ended June 29, 2018   June 30, 2017   complete company Implied Billings (Non-GAAP) total income $ 1,156 $ 1,one hundred seventy five Add: Contract liabilities (end of duration) 2,767 2,794 less: Contract liabilities (beginning of duration) (three,091 ) (2,787 ) Contract liabilities adjustment as a result of adoption of the new revenue awareness normal 157 - different Contract liabilities adjustments (three)   7       17   Implied billings (Non-GAAP) $ 996     $ 1,199     business security Implied Billings (Non-GAAP) complete profits $ 556 $ 646 Add: Contract liabilities (conclusion of period) 1,714 1,784 less: Contract liabilities (beginning of period) (1,998 ) (1,791 ) Contract liabilities adjustment as a result of adoption of the brand new income focus usual 174 - other Contract liabilities adjustments (three)   7       17   Implied billings (Non-GAAP) $ 453     $ 656     consumer Digital defense Implied Billings (Non-GAAP) total salary $ 600 $ 529 Add: Contract liabilities (end of length) 1,053 1,010 less: Contract liabilities (beginning of period) (1,093 ) (996 ) Contract liabilities adjustment because of adoption of the brand new revenue attention usual   (17 )     -   Implied billings (Non-GAAP)   $ 543     $ 543     (1) This presentation includes non-GAAP measures. Non-GAAP economic measures are supplemental and will not be considered an alternative choice to monetary tips offered in line with GAAP. For a detailed explanation of these non-GAAP measures, please see Appendix A. (2) We adopted the brand new earnings cognizance accounting average (ASC 606) on a modified retrospective foundation during Q1 FY19. The outcomes for Q1 FY19 are offered below the brand new revenue cognizance accounting general, while prior period amounts are not adjusted and continue to be mentioned beneath the prior salary cognizance accounting general (ASC 605). (three) other contract liabilities alterations consist of contract liabilities bought throughout the period and the exchange in contract liabilities concerning Veritas discontinued operations.                       SYMANTEC agency

    guidance and Reconciliation of GAAP to Non-GAAP income, working salary and EPS (1)

    (greenbacks in hundreds of thousands, apart from per share information, unaudited)               2nd Quarter Fiscal 12 months 2019      

     

          revenue suggestions               GAAP earnings latitude $1,122 - $1,152 Adjustment: Contract liabilities reasonable cost adjustment

     

    $eight

    Non-GAAP income range   $1,one hundred thirty   -   $1,160   operating Margin suggestions and Reconciliation               GAAP operating margin (1%)

    -

    1% alterations: Contract liabilities reasonable price adjustment

     

    1%

    stock-based mostly compensation

     

    10%

    Amortization of intangible belongings

     

    10%

    Restructuring, transition and different fees

     

    6%

    Non-GAAP working margin   26%   -   28%   revenue Per Share guidance and Reconciliation               GAAP diluted loss per share latitude (2) ($0.08) - ($0.04) alterations: Contract liabilities reasonable cost adjustment

     

    $0.01

    inventory-primarily based compensation

     

    $0.19

    Amortization of intangible property

     

    $0.17

    Restructuring, transition and other charges

     

    $0.eleven

    other profits and rate adjustments

     

    $0.01

    salary tax results and alterations

     

    ($0.08)

    Incremental dilution impact

     

    ($0.02)

    Non-GAAP diluted revenue per share range (2)   $0.31   -   $0.35 Fiscal yr 2019               income suggestions               GAAP revenue latitude $four,640 - $4,760 Adjustment: Contract liabilities fair cost adjustment

     

    $30

    Non-GAAP earnings latitude   $4,670   -   $four,790   working Margin information and Reconciliation               GAAP operating margin 4% - 5% changes: Contract liabilities reasonable price adjustment

     

    1%

    stock-primarily based compensation

     

    10%

    Amortization of intangible belongings

     

    9%

    Restructuring, transition and different fees

     

    6%

    Non-GAAP operating margin (3)   30%   -   30%   profits Per Share suggestions and Reconciliation               GAAP diluted income (loss) per share latitude (2) ($0.04) - $0.08 changes: Contract liabilities reasonable value adjustment

     

    $0.05

    stock-based mostly compensation

     

    $0.seventy two

    Amortization of intangible belongings

     

    $0.69

    Restructuring, transition and different expenses

     

    $0.44

    different revenue and price alterations

     

    $0.07

    profits tax results and alterations ($0.38) ($0.forty) Incremental dilution effect

     

    ($0.08)

    Non-GAAP diluted profits per share latitude (2)   $1.forty seven   -   $1.fifty seven   (1) This presentation includes non-GAAP measures. Non-GAAP monetary measures are supplemental and should not be considered a substitute for monetary suggestions introduced based on GAAP. For an in depth clarification of these non-GAAP measures, please see Appendix A. (2) GAAP profits (loss) per share and adjustments per share are calculated using fundamental share count number of 630 million and 634 million for Q2 FY19 and FY19, respectively. Non-GAAP salary per share is calculated the use of diluted shares of 663 million and 667 million for Q2 FY19 and FY19, respectively. (three) quantities can also now not add because of rounding.  

    SYMANTEC CORPORATIONAppendix AExplanation of Non-GAAP Measures

    aim of non-GAAP measures: We believe our presentation of non-GAAP fiscal measures, when taken together with corresponding GAAP economic measures, offers significant supplemental counsel involving the enterprise’s working efficiency for the explanations discussed under. Our management team uses these non-GAAP fiscal measures in assessing Symantec’s efficiency, as well as in planning and forecasting future periods. because of the significance of those measures in managing the company, we use non-GAAP measures in the contrast of administration’s compensation. These non-GAAP economic measures aren't computed based on GAAP and the methods we use to compute them might also differ from the strategies used through different groups. Non-GAAP financial measures are supplemental and should now not be considered an alternative to financial tips introduced in keeping with GAAP and will be read most effective together with our consolidated monetary statements prepared according to GAAP.

    Contract liabilities adjustment: Our non-GAAP web revenues eliminate the have an effect on of contract liabilities purchase accounting alterations required by way of GAAP. GAAP requires an adjustment to the legal responsibility for acquired contract liabilities such that the liability approximates how a good deal we, the acquirer, would ought to pay a third party to anticipate the legal responsibility. We believe that getting rid of the have an effect on of this adjustment improves the comparability of revenues between intervals. additionally, despite the fact the adjustment quantities will certainly not be identified in our GAAP monetary statements, we do not predict the acquisitions to affect the longer term renewal prices of revenues excluded with the aid of the adjustments. furthermore, our administration makes use of non-GAAP net revenues, adjusted for the influence of buy accounting adjustments to examine our operating efficiency and normal revenue traits. on the other hand, non-GAAP internet revenues has barriers as an analytical tool and may no longer be regarded in isolation or as an alternative choice to GAAP net revenues. We believe these alterations are valuable to investors as an extra capacity to reflect profits developments of our business. although, other groups in our business may additionally no longer calculate these measures within the identical manner which might also restrict their usefulness for comparative applications.

    inventory reasonable price adjustment: purchase accounting requires us to measure acquired inventory at fair cost. The reasonable cost of stock displays the obtained company’s cost of manufacturing plus a portion of the anticipated profit margin. These non-GAAP adjustments to our charge of revenues exclude the anticipated earnings margin component it's recorded below purchase accounting linked to our acquisitions. We believe the alterations are positive to investors as an additional ability to reflect cost of revenues and gross margin trends of our enterprise.

    inventory-based compensation: This contains costs for employee constrained stock units, efficiency based awards, bonus share programs, inventory alternatives and our worker inventory purchase plan, determined in line with GAAP. We consider our performance both with and devoid of these measures as a result of inventory-based compensation is a non-cash rate and might vary vastly over time in accordance with the timing, measurement, nature and design of the awards granted, and is influenced partly via certain components that are frequently past our manage, such because the volatility of the market cost of our standard stock. moreover, for comparability functions, we accept as true with it's valuable to deliver a non-GAAP fiscal measure that excludes stock-based compensation to facilitate the comparison of our effects to those of other agencies in our business.

    Amortization of intangible assets: Amortization of intangible property consists of amortization of acquisition-connected intangibles assets comparable to developed technology, client relationships and alternate names got in reference to enterprise combos. We record prices concerning the amortization of these intangibles inside both can charge of revenues and operating costs in our GAAP fiscal statements. beneath purchase accounting, we're required to allocate a portion of the buy fee to intangible belongings obtained and amortize this volume over the estimated advantageous lives of the acquired intangible belongings. despite the fact, the purchase cost allotted to those assets isn't always reflective of the can charge we would incur to internally increase the intangible asset. additional, amortization prices for our received intangible belongings are inconsistent in dimension and are tremendously impacted by means of the timing and valuation of our acquisitions. We dispose of these prices from our non-GAAP operating consequences to facilitate an comparison of our current working efficiency and provide more suitable comparability to our previous operating performance.

    Restructuring, transition and different fees: Restructuring fees are expenses linked to a formal restructuring plan and are primarily involving worker severance and advantage arrangements. different costs consist of amenities and different exit and disposal expenses, together with asset write-offs. Transition costs are associated with formal discrete strategic information technology initiatives and essentially encompass consulting expenses linked to our commercial enterprise aid planning and helping systems and fees to automate business approaches. additionally, transition fees include prices linked to our divestitures. We exclude restructuring, transition and different fees from our non-GAAP results as we agree with that these expenses are incremental to core actions that come up in the common path of our enterprise and do not mirror our existing working efficiency, and that except these expenses helps a extra meaningful comparison of our latest operating efficiency and comparisons to our previous working performance.

    Acquisition-linked prices: These characterize the transaction and company integration prices related to gigantic acquisitions that are charged to working price in our GAAP economic statements. These fees consist of incremental prices incurred to affect these company combos reminiscent of advisory, criminal, accounting, valuation, and other skilled or consulting prices. We exclude these can charge from our non-GAAP outcomes as they haven't any direct correlation to the operation of our business, and because we believe that the non-GAAP economic measures except these costs give significant supplemental information concerning the spending developments of our company. moreover, these prices fluctuate, reckoning on the measurement and complexity of the acquisitions, and are not indicative of fees of future acquisitions.

    Litigation agreement: We can also periodically incur prices or advantages regarding litigation settlements. We exclude these prices and merits when associated with a big settlement because we don't believe they're reflective of ongoing enterprise and working results.

    Non-cash activity expense and amortization of debt issuance prices: based on GAAP, we one by one account for the price of the conversion function on our convertible notes as a debt bargain that reflects our assumed non-convertible debt borrowing costs. We amortize the bargain and debt issuance fees over the term of the linked debt. We exclude the difference between the imputed pastime fee, which contains the amortization of the conversion feature and of the issuance charges, and the coupon interest funds as a result of we agree with that with the exception of these fees gives meaningful supplemental information concerning the cash cost of our convertible debt and enhance traders’ capacity to view the company’s effects from administration’s perspective.

    benefit on divestitures: We periodically appreciate good points on divestitures, including in fiscal 2018 related to our WSS and PKI solutions. we have excluded these positive factors for purposes of calculating our non-GAAP outcomes. We agree with making these adjustments allows an improved contrast of our latest working efficiency and comparisons to past working outcomes.

    benefit (loss) from fairness hobby: We record positive aspects or losses in fairness formula investments representing web revenue or loss brought on by our noncontrolling hobby in agencies over which we have restrained handle and visibility. We exclude such positive factors and losses in full because we lack manage over the operations of the investee and the connected positive aspects and losses are not indicative of our ongoing core effects.

    income tax outcomes and alterations: ahead of the third quarter of fiscal 2018, we used a projected long-time period non-GAAP tax expense that mirrored the elimination of the effects of the non-GAAP alterations to our working effects described above and demanding discrete objects, in addition to definite unique GAAP reporting necessities below discontinued operations because of the sale of Veritas in an effort to give enhanced consistency throughout the interim financial reporting intervals. beginning with the third quarter of fiscal 2018, because of U.S. tax reform, we use a non-GAAP tax cost that excludes (1) the discrete influences of alterations in tax law, (2) most different huge discrete objects, (three) definite exciting GAAP reporting necessities below discontinued operations and (4) the profits tax results of the non-GAAP adjustment to our operating outcomes described above. We consider making these alterations facilitates a much better evaluation of our latest working performance and comparisons to previous operating consequences. Our tax rate is discipline to change for a whole lot of factors, equivalent to huge changes within the geographic earnings combine because of acquisition and divestiture activities or primary tax law alterations in most important jurisdictions where we function.

    Discontinued operations: In August 2015, we entered into a definitive agreement to promote the belongings of our information management enterprise (“Veritas”) to Carlyle. The transaction closed on January 29, 2016. The effects of Veritas are introduced as discontinued operations in our Consolidated Statements of Operations and for that reason were excluded from non-GAAP net profits and section consequences for all pronounced intervals.

    Diluted GAAP and non-GAAP weighted-commonplace shares fantastic: Diluted GAAP and non-GAAP weighted-commonplace shares astounding are the identical, except in durations that there is a GAAP loss from carrying on with operations. in response to GAAP, we don't latest dilution for GAAP in intervals in which there's a loss from continuing operations. however, if there is non-GAAP internet profits, we present dilution for non-GAAP weighted-standard shares dazzling in an amount equal to the dilution that might were offered had there been GAAP earnings from carrying on with operations for the duration.

    Implied billings: We define implied billings as complete earnings plus the change in adjusted contract liabilities. The alternate in contract liabilities excludes contract liabilities received or divested all over the length as smartly because the alternate in contract liabilities regarding discontinued operations that doesn't amortize to revenue from carrying on with operations. We believe implied billings to be a helpful metric for management and traders since it helps an evaluation of adjustments in contract liabilities balances which are an indicator of the fitness and visibility of our company. There are a couple of limitations regarding using implied billings versus profits calculated in line with GAAP. First, implied billings consist of amounts that have not yet been identified as income. 2d, our calculation of implied billings may well be different from different organizations in our industry, some of which may additionally not use implied billings, can also calculate implied billings otherwise, may have distinctive implied billing frequencies, or may additionally use other financial measures to evaluate their performance, all of which could reduce the usefulness of implied billings as a comparative measure. We make amends for these obstacles by means of presenting particular assistance concerning GAAP earnings and evaluating implied billings at the side of income calculated based on GAAP.

    MEDIA CONTACT:Symantec Corp.Lauren Armstrong, (650) 448-7352Lauren_Armstrong@symantec.comorINVESTOR CONTACT:Symantec Corp.Cynthia Hiponia, (650) 527-8020Cynthia_Hiponia@symantec.com

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    Symantec Helps IT organizations Get the inner most Cloud They need From the Infrastructure They've bought | killexams.com Real Questions and Pass4sure dumps

    BARCELONA, SPAIN--(Marketwire -10/04/11)- Symantec vision 2011 - Symantec Corp. (NASDAQ: SYMC - information) today introduced edition 6.0 of the business's storage management and high availability items. With this free up, Symantec permits IT businesses to construct resilient deepest clouds by way of remodeling their existing infrastructure. corporations can manage complete company features end-to-conclusion with in-built resiliency, besides the fact that the business service is run throughout distinct virtualization technologies, working techniques, and storage systems. This unlock spans dissimilar items in Symantec's portfolio together with its flagship Veritas Storage basis 6.0, Veritas Cluster Server 6.0, and Veritas Operations manager four.1, all tightly built-in to assist IT companies movement confidently to a personal cloud structure.

    examine greater distinct weblog posts:

    Symantec's contemporary Virtualization and Evolution to the Cloud Survey discovered that sixty seven p.c of IT and C-degree professionals are much less assured about placing mission-essential applications on a private/hybrid cloud because of enterprise requirements for high availability SLAs. This concern extends to their storage environment as smartly, with eighty two percent of respondents making a choice on more advantageous availability as a vital aim for figuring out to implement deepest storage-as-a-provider.

    "IT architects respect the promise of the deepest cloud, but beneath the hype they are grappling with very precise questions," mentioned Anil Chakravarthy, Senior vice president, Storage and Availability administration neighborhood, Symantec. "How do I transform my infrastructure to make it greater agile? How do I give it the traits of a public cloud without compromising on availability and protection?"

    With Symantec, IT businesses can build their own resilient private clouds via tapping into the investments they have already made in their information core. With this free up, companies can:

  • manipulate company functions conclusion-to-end across heterogeneous platforms
  • install resilient, elastic storage for cloud workloads
  • cut back the storage footprint through deduplication, compression and skinny reclamation
  • Use a single pane of glass for intelligent reporting and non-disruptive remediation
  • New items introduced:

  • Veritas Storage basis 6.0
  • Veritas Cluster Server 6.0
  • Veritas Operations supervisor four.1
  • Symantec ApplicationHA 6.0
  • Veritas Dynamic Multi-Pathing 6.0
  • Veritas Cluster File gadget 6.0
  • Veritas Replicator 6.0
  • Symantec VirtualStore 6.0
  • Veritas Storage groundwork for home windows 6.0
  • Veritas Storage foundation for Oracle RAC 6.0
  • Veritas Storage foundation for Sybase ACE 6.0
  • click to Tweet: Symantec helps groups get the deepest cloud they desire from the infrastructure they've bought http://bit.ly/owXQyf or http://bit.ly/p9Di9k

    manage availability of company capabilities end-to-conclusion across heterogeneous platforms with Veritas Cluster Server 6.0 and Symantec ApplicationHA 6.0Most business vital applications today are multi-tiered with net, software, middleware, and database layers sitting across multiple servers, across structures, throughout actual and digital environments and the use of several types of storage. making certain end-to-conclusion availability of the business provider is a problem nowadays. IT groups have to deal with assorted equipment, manual intervention, and coordination between distinctive teams within the event of a downtime, whether deliberate or unplanned.

    Veritas Cluster Server 6.0 and Symantec ApplicationHA 6.0 with their new virtual company services (VBS) means are designed to deliver continuous excessive availability and cut back length of provider disruptions for complete multi-tier enterprise applications by means of encapsulating them as a single entity. administrators can predict to orchestrate the beginning, stop, non-disruptive trying out, and failover of total multi tier purposes with a single click -- resulting in resilience and mobility for the business service. Veritas Cluster Server continues to supply the industry's most complete out-of-the container application aid and is accessible on all foremost OS and Virtualization platforms together with IBM AIX, HP-UX, Oracle Solaris, Linux, Microsoft home windows, and VMware.

    set up resilient, elastic storage for cloud workloads with Veritas Storage foundation 6.0 With storage needs transforming into exponentially, IT agencies need a new strategy to control their environments in a price-effect and flexible method, whereas maintaining excessive stages of availability for their crucial purposes. This method capability having the skill to grow and cut back storage dynamically, maintaining storage optimized in precise time, and having the flexibility to opt for the appropriate class of storage from the right companies. moreover, storage administrators and executives want equipment that aid automate storage provisioning, utilization-based charge backs, and reporting throughout information facilities with heterogeneous storage environments.

    The Veritas Storage foundation product suite makes it possible for storage managers to choose the right hardware answer for his or her storage needs and enhances the superior functions in the storage arrays. Storage basis 6.0 is deliberate to help deduplication and compression at the file device layer. together with support for thin reclamation, storage tiering, dynamic resizing, and sensible migration, Storage foundation is designed with the most finished storage optimization capabilities to dam-primarily based SAN storage environments. All these functions are anticipated to run without a utility downtime required and minimal performance impact with automatic priority based mostly I/O scheduling that distinguishes between application and protection operations. The Veritas Storage basis suite comprises Veritas Dynamic Multi-Pathing, Veritas Cluster File device, and Symantec VirtualStore, with support for all important storage arrays and operating device systems.

    Story Continues

    Use a single pane of glass for clever reporting, remediation and administration with Veritas Operations manager four.1Veritas Operations supervisor (VOM) offers a single administration console throughout physical and virtual servers that helps purchasers visualize, analyze, and control business service availability and heterogeneous storage environments across facts facilities. IT groups can provision storage using coverage-primarily based templates and enforce chargeback in line with precise utility storage utilization with Veritas Operations manager superior. no longer handiest can Veritas Operations supervisor provide a real utility to disk view of the complete storage infrastructure, it permits directors to take immediate remedial motion to optimize and scale storage utilization with Veritas Storage groundwork.

    Get the inner most cloud you desire from the infrastructure you've got gotWith the introduction of those solutions, companies can tie together latest belongings -- no matter if on actual or digital methods, across OS and virtualization structures and with all predominant storage arrays -- to build resiliency, scalability, and suppleness into their infrastructures. Symantec enables IT organizations to transform their current infrastructure to get the merits of a resilient deepest cloud.

    charges

  • "an awful lot has modified within the industry in the 5 years considering that Symantec's business-main storage administration and excessive availability application Storage groundwork HA 5.0 was first launched," talked about Anil Chakravarthy, Senior vp, Storage and Availability management group, Symantec. "we've retooled Storage foundation and incorporated new innovations from across our product portfolio to assist our consumers build particularly purchasable, resilient private cloud environments out of the infrastructure they've already got. These improvements provide finished end-to-end visibility and finished control of their heterogeneous infrastructure."
  • "businesses fight to manage programs and applications with personnel on-line 24 hours a day and the amount of suggestions being created day to day by means of corporations," talked about David A. Chapa, enterprise method neighborhood. "groups can no longer tolerate downtime of essentially the most vital applications which is pushing SLAs to get further and further strict. because of this IT should maximize the value of its current infrastructure to do extra. With Storage groundwork 6.0, Symantec helps companies seriously change their facts center operations and allows for IT to keep pace with the speed of company."
  • "we're at all times attempting to find efficiencies in the method we run IT operations, from maintaining business capabilities accessible to provisioning storage. We necessary an answer that provided the appropriate attributes equivalent to elasticity, agility and automation, but allowed us to proceed to make use of our current, heterogeneous infrastructure to preserve our charges in determine," talked about Andrey L. Skripkin, Head of statistics core department, Vimpelcom. "this is why we choose Veritas Storage basis and Veritas Cluster Server from Symantec. Symantec empowers us to use the infrastructure we have already got to bring the features our enterprise wants."
  • "Symantec ApplicationHA gives us with unique visibility into our digital ambiance, permitting us to exceed our ninety nine.5 percent utility availability SLA throughout VMware," mentioned Graeme Hackland, IT/IS Director for Lotus Renault GP. "we are able to also automate the manner of making certain these crucial purposes are available in the experience of a catastrophe or surprising downtime via ApplicationHA's coordination with the underlying virtual infrastructure. this can all be accomplished either from within VMware vCenter or in the course of the Veritas Operations manager console to facilitate the management of the recovery manner."
  • "Veritas Storage basis Cluster File device helps us in the reduction of software downtime and improves access to essential records," mentioned Suphot Punnachaiya, VP - IT and BSS Integration, AIS. "we are able to use it to share storage resources and records throughout numerous actual servers, giving greater effective access to databases and other data, whereas presenting the quickest failover insurance policy for these 'simply in case' situations."
  • For extra assistance visit: go.symantec.com/privatecloud.

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    About Storage and Availability management from SymantecSymantec helps businesses secure and manage their advice-driven world with storage management, high availability/disaster recovery, e-mail archiving, and backup & restoration options.

    About Symantec Symantec is a worldwide chief in featuring security, storage and methods administration solutions to support consumers and companies cozy and manage their counsel-driven world. Our software and capabilities give protection to against greater hazards at more facets, extra completely and successfully, enabling self assurance wherever tips is used or kept. greater assistance is purchasable at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.

    word TO EDITORS: if you'd like more information on Symantec corporation and its products, please discuss with the Symantec news Room at http://www.symantec.com/information. All expenditures noted are in U.S. bucks and are legitimate only in the united states.

    Symantec and the Symantec emblem are emblems or registered trademarks of Symantec business enterprise or its associates within the U.S. and different countries. different names can be emblems of their respective owners.

    forward-searching STATEMENTS: Any ahead-searching indication of plans for products is preliminary and all future free up dates are tentative and are subject to trade. Any future free up of the product or planned changes to product skill, performance, or characteristic are subject to ongoing comparison by means of Symantec, and might or may now not be implemented and will not be regarded enterprise commitments with the aid of Symantec and should not be relied upon in making buying choices.

    Technorati TagsSymantec, Veritas, Storage basis, Cluster File equipment, Storage foundation and Cluster Server for windows, Cluster Server, Storage foundation for Databases, Dynamic Multi-pathing, VirtualStore, ApplicationHA, Veritas extent Replicator, statistics perception, Veritas Operations supervisor, Storage foundation, Veritas Storage basis for Oracle RAC, Veritas Storage groundwork for Sybase ASC CE, Veritas Cluster Server, Veritas Storage foundation for home windows, Veritas Storage foundation HA for windows, cloud, cloud storage, cloud computing, virtualization, disaster recuperation, enterprise continuity, storage management


    ASC-099 ASC Archiving and eDiscovery 2010

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    ASC-099 exam Dumps Source : ASC Archiving and eDiscovery 2010

    Test Code : ASC-099
    Test Name : ASC Archiving and eDiscovery 2010
    Vendor Name : Symantec
    Q&A : 94 Real Questions

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    Symantec ASC-099 Exam (ASC Archiving and eDiscovery 2010) Detailed Information



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