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VCS-273 exam Dumps Source : Administration of Veritas NetBackup 7.6.1 and NetBackup Appliances 2.6.1

Test Code : VCS-273
Test appellation : Administration of Veritas NetBackup 7.6.1 and NetBackup Appliances 2.6.1
Vendor appellation : Veritas
: 123 actual Questions

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Veritas and unadulterated Storage crew as much as further data management in the era of up to date Intelligence | killexams.com actual Questions and Pass4sure dumps

Veritas NetBackup and unadulterated Storage records Hub structure allow facts protection for AI Clusters, massive statistics and IoT

MOUNTAIN VIEW, Calif., Oct. 9, 2018 /PRNewswire/ -- Veritas technologies, the global market participate chief in commercial enterprise records protection, in collaboration with unadulterated Storage (PSTG), the all-flash storage platform that helps innovators build a higher world with facts, these days introduced a novel global application to support joint valued clientele modernize records insurance policy and maximize the cost of their records for aggressive advantage.

The collaboration will enable groups to confidently consolidate coincident workloads onto unadulterated Storage's unique records hub architecture, powered by unadulterated Storage FlashBlade. With the integration of NetBackup, Veritas' flagship expertise, commercial enterprise records may also subsist shared, blanketed and unlocked for unheard of cost.

trendy announcement builds on a relationship between Veritas and unadulterated Storage that includes joint adoption of 1 yet another's technology, product enhancements, earnings and help. Veritas and unadulterated Storage are committed to featuring mutual shoppers with an simple and cost-effective strategy to address consumer challenges round facts management

With the rapid increase and fragmentation of data, organisations of each and every sizes battle to manage, give protection to and benefit insight from facts. coincident intelligence requires know-how that no longer handiest retailers statistics but can draw insights from statistics which are so wealthy, they're really predictive in nature. these days, Veritas and unadulterated Storage deliver data insurance arrangement and snappy restoration for up to date workloads while powering facts analytics and advancing laptop getting to know.

developed on FlashBlade, Pure's statistics hub centralizes data repositories to combine streaming analytics, backup, records lakes and synthetic intelligence (AI) clusters to power unheard of stages of perception. Veritas NetBackup can tender protection to a total information hub architecture operating on FlashBlade, and might also leverage FlashBlade as a backup target, resulting in swift restores when critical. additionally, Veritas NetBackup, in conjunction with Veritas CloudPoint, has been built-in with unadulterated Storage FlashArray™, enabling built-in picture administration by the exercise of the NetBackup console. The consolidation of the technologies between both corporations enables AI and laptop studying to subsist performed on greater, extra distinctive facts units—yielding better business intelligence that may lead to quicker innovation.

"up to date enterprises deserve to derive value from each and every information, despite the situation it's kept. a erudition hub architecture unifies statistics siloes, which makes it less demanding to extract cost from the great facts sets that power AI, huge facts and IoT," talked about Katie Colbert, vice president, Alliances, unadulterated Storage. "by using partnering with Veritas, unadulterated Storage consumers will subsist pleased the advantages of NetBackup to give protection to their positive information and control their total infrastructure through a sole unified answer."

enhance information healing and velocity from the industry's undisputed market participate chief

Veritas and unadulterated Storage also back multi-cloud organisations benefit agility and pace with integrated photograph-based mostly insurance policy for scale-out data in glisten arrays. With Veritas NetBackup and CloudPoint integration, companies can achieve more aggressive recuperation Time aims (RTO), and realize excessive-efficiency records insurance arrangement for his or her data in glisten arrays. This makes it feasible for shoppers to meet stringent RTO and recuperation factor purpose (RPO) mandates in monetary, fitness care, and different verticals where records recovery and resilience are required.

Story Continues

additional merits of the partnership consist of:

  • multiplied agility and quicken with built-in image-based mostly protection for scale-out information in glisten arrays with the integration of Veritas NetBackup and Veritas CloudPoint.
  • Optimized RPO and RTO for even essentially the most crucial and tremendously transactional applications from unadulterated Storage parallel architecture.
  • more advantageous information recuperation with consistent, extra reputable element-in-time copies with Veritas NetBackup and Veritas CloudPoint integration with unadulterated Storage.
  • faster backup at height performance with Veritas NetBackup and Veritas CloudPoint integration with out lengthy picture home windows and application time-outs.
  • "modern day titanic records increase fuels commercial enterprise possibility as records outlets develop into siloed, expanding the assail floor for malicious actors to obtain the most. moreover, statistics silos add complexity and charge to keeping and extracting actual insights from agencies' most useful digital foreign money foreign money—their information," said Jyothi Swaroop, vice chairman, world options and approach, Veritas. "The aggregate of NetBackup and unadulterated Storage provides essential records coverage, but with extremely-fast backup to enable businesses to live a step ahead of client expectations and desires, versus simply reacting to them."

    About VeritasVeritas applied sciences is the chief within the international enterprise data coverage and application-described storage market. We back the most crucial organisations on earth, together with 86 percent of the international Fortune 500, back up and improve their records, retain it comfy and purchasable, guard in opposition t failure and achieve regulatory compliance. As agencies modernize their IT infrastructure, Veritas offers the technology that helps them in the reduction of hazards and capitalize on their data. subsist trained more at www.veritas.com or supervene us on Twitter at @veritastechllc.

    Veritas and the Veritas logo are logos or registered trademarks of Veritas technologies LLC or its associates within the U.S. and other countries. different names may well subsist trademarks of their respective owners.

    ahead-looking Statements: Any ahead-looking indication of plans for items is prefatory and each and every future release dates are tentative and are locality to exchange at the sole discretion of Veritas. Any future free up of the product or planned adjustments to product means, functionality, or characteristic are locality to ongoing assessment by means of Veritas, may additionally or can also no longer subsist applied, should no longer subsist regarded enterprise commitments by route of Veritas, should noiseless no longer subsist relied upon in making procuring decisions, and can not subsist integrated into any contract.

    PR Contacts

    US ContactVeritas TechnologiesDayna Fried +1 925 493 9020Dayna.fried@veritas.com

    EMEA ContactVeritas TechnologiesJames Blamey +44 7467 688263James.blamey@veritas.com

    APJ ContactVeritas TechnologiesBan Leng Neo +sixty five 9771 3894BanLeng.neo@veritas.com

     

    View customary content to download multimedia:http://www.prnewswire.com/information-releases/veritas-and-pure-storage-group-up-to-develop-statistics-administration-in-the-period-of-up to date-intelligence-300727246.html


    A NetBackup home materiel deep dive in your information core | killexams.com actual Questions and Pass4sure dumps

    home materiel are increasingly regular as is built-in records protection. So it's no shock that Veritas' NetBackup home materiel are tightly integrated with the seller's software.

    administrators looking to upgrade: account and proceed with warning. The NetBackup home materiel and utility are designed to labor together to deliver a resilient, complementary and expansive infrastructure that presents censorious management, for this reason making the administrator's job and the managing lots easier.

    The services offered in NetBackup appliances are almost similar throughout the range, being powered by Linux beneath the hood. The foremost alterations among home materiel core around functionality, availability and capacity.

    it's essential to bethink that the infrastructure of Veritas NetBackup (formerly Symantec NetBackup) as an entire may also subsist split into two part services: grasp server and media server. The media servers are the storage infrastructure onto which the backup records is placed. The grasp servers give the administration potential over the storage infrastructure. In some instances, equivalent to within the case of the virtual NetBackup equipment, the materiel can feature in either capability or each.

    The existing ambit of NetBackup home materiel is the 5000 collection. As you'll predict, each and every materiel is designed with a part market or operation in intellect. as an example, the entry degree unit comes with four 1-gigabit community ports. The ease of the ambit comes with a pair of 10-gigabit ports, because of the raise in anticipated facts throughput.

    listed below are particulars on a number of specific NetBackup appliances:

    Veritas NetBackup digital equipment. This appliance is hosted on virtual infrastructure akin to VMware vSphere or Microsoft Hyper-V. it's designed for faraway office or department workplace sites with miniature IT usher or infrastructure.

    The Veritas NetBackup virtual appliance targetsremote offices and tiny facts centers.

    One efficacious feature is that the built-in set up wizard enables the user to configure the hardware and start backing up inside minutes after appliance deployment. however, word that the digital materiel is proscribed to a 2 TB maximum ability. moreover, the backup performance is limited to the efficiency of the underlying hypervisor and the substances provided in hardware and the hypervisor.

    This state of affairs is fitting an extremely aggressive locality inside next-era backup providers. are expecting to peer many novel and innovative features look within the virtual materiel market.

    NetBackup 5240 equipment. This materiel is designed as a much bigger brother of the digital appliance. It has many of the equal facets but with the notable thing contrast -- past being actual in nature -- of having a optimum 300 TB potential. That total comprises a selection shelf. The functionality is designed round tiny workplaces and faraway places of labor where gauge backup eventualities could subsist intricate to maneuver and operate.

    Veritas NetBackup 5240 Appliance The NetBackup 5240 appliance presents up to 300 TB capability.

    NetBackup 5240 CloudCatalyst appliance. one of the predominant transformations is that this sphere integrates usher for familiar cloud systems. There are also plans to aid remonstrate storage platforms. This edition of the NetBackup appliance caches the information in the neighborhood before importing the precise cloud issuer, basically proposing distinctive copies of the facts. additional built-in utility functionality simplifies working with cloud environments.

    NetBackup 5330/5340 equipment. These two NetBackup appliances are designed for the business statistics middle. They involve a highest aptitude of basically 1.4 PB of useable space. because of its enterprise nature, the home materiel will also subsist configured in a excessive-availability configuration, reducing backup and restoration outages from hardware failure.

    These machines symbolize the pinnacle of NetBackup home equipment. they are designed to scale vastly, subsist convenient so as to add potential to and maneuver devoid of situation. These servers involve excessive-conclusion CPUs and generous reminiscence as a result of the great volume of overhead the storage creates.

    Veritas NetBackup 5340 Appliance The NetBackup 5340 appliance offers more than a petabyte of area.

    Veritas gives a number NetBackup appliances to swimsuit most cases, subsist it a tiny native office or the business information core. while the a lot of instruments can cope with certain actual capacities, you should definitely accord with the network backup infrastructure as complete. it's additionally crucial to account necessities akin to information throughput and if a part backup network is required and has enough skill.

    one of the crucial principal plus aspects of hardware relish NetBackup appliances is that the seller can supply professional capabilities to subsist positive that they fulfill to the best of their capability without impacting latest infrastructure.




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    VCS-273 exam Dumps Source : Administration of Veritas NetBackup 7.6.1 and NetBackup Appliances 2.6.1

    Test Code : VCS-273
    Test appellation : Administration of Veritas NetBackup 7.6.1 and NetBackup Appliances 2.6.1
    Vendor appellation : Veritas
    : 123 actual Questions

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    MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Symantec Corp. (NASDAQ: SYMC) today reported the results of its fourth quarter and fiscal year 2015, ended April 3, 2015.

    Michael A. Brown, president and CEO, said, “Fiscal 2015 was a transformative year for Symantec, as they announced their unified security and information management strategies, delivered more than fifty products, and made the decision to part Symantec and Veritas into two standalone companies.”

    “With the progress they made in FY15, their businesses believe the necessary focus to thrive and they are already seeing the benefits. Setting aside currency headwinds, continued growth in both implied billings and deferred revenue underscores the momentum in their businesses. Their endpoint protection, data loss prevention, NetBackup appliances and NetBackup software each and every outperformed the market this quarter.”

    Thomas Seifert, executive vice president and CFO, said, “Symantec returned to growth and expanded operating margin year-over-year in constant currency during the fourth quarter. They continued to improve their cost structure, and over the year delivered more than $150 million of incremental profit from their revenue and efficiency initiatives. Additionally, the Veritas separation is progressing on schedule.”

    Results for the Fourth Quarter of Fiscal Year 2015 (Dollars in millions, except EPS)

                                    4Q15       4Q14      

    ReportedY/YChange

         

    FXAdjustedY/Y Change

    GAAP                                 Revenue       $1,518       $1,625       (7%)       0% Operating Margin       10.0%       18.8%       (880) bps       (640) bps Net Income       $176       $217       (19%)       N/A Deferred Revenue       $3,664       $3,903       (6%)       1% EPS (Diluted)       $0.25       $0.31       (19%)       N/A CFFO       $488       $449       9%       N/A Non-GAAP                                 Revenue       $1,548       $1,650       (6%)       1% Operating Margin       25.6%       27.2%       (160) bps       30 bps Net Income       $299       $333       (10%)       N/A EPS (Diluted)       $0.43       $0.48       (10%)       N/A  

    Results for Fiscal Year 2015 (Dollars in millions, except EPS)

                                    FY15       FY14      

    ReportedY/YChange

         

    FXAdjustedY/Y Change

    GAAP                                 Revenue       $6,508       $6,676       (3%)       0% Operating Margin       17.7%       17.7%       0 bps       60 bps Net Income       $878       $898       (2%)       N/A Deferred Revenue       $3,664       $3,903       (6%)       1% EPS (Diluted)       $1.26       $1.28       (2%)       N/A CFFO       $1,312       $1,281       2%       N/A Non-GAAP                                 Revenue       $6,538       $6,701       (2%)       0% Operating Margin       27.3%       27.4%       (10) bps       50 bps Net Income       $1,311       $1,370       (4%)       N/A EPS (Diluted)       $1.88       $1.95       (4%)       N/A  

    First Quarter and Fiscal Year 2016 Guidance (Dollars in millions, except EPS and FX rate)

                        1Q16       FY16 GAAP                 Revenue       $1,500 - $1,540       $6,210 - $6,350 Operating Margin       14.0% - 15.0%       14.5% - 15.5% EPS (Diluted)       $0.20 - $0.23       $0.86 - $0.96 Non-GAAP                 Operating Margin       27.0% - 28.0%       29.0% - 30.0% EPS (Diluted)       $0.41 - $0.44       $1.80 - $1.90 Tax Rate       27.0%       27.5% Share Count       690 million       694 million FX Rate (€/$)       $1.10       $1.13  

    Symantec's Board of Directors has declared a quarterly cash dividend of $0.15 per common participate to subsist paid on June 24, 2015 to each and every shareholders of record as of the nearby of business on June 10, 2015. The ex-dividend date will subsist June 8, 2015.

    Conference Call

    Symantec has scheduled a conference summon for 5 p.m. ET/2 p.m. PT today to argue its fourth quarter and fiscal year 2015 results, ended April 3, 2015 and to review guidance. Interested parties may access the conference summon on the Internet at http://www.symantec.com/invest. To listen to the live call, please Go to the website at least 15 minutes early to register, download and install any necessary audio software. A replay and their prepared remarks will subsist available on the investor relations home page shortly after the summon is completed.

    About Symantec

    Symantec Corporation (NASDAQ: SYMC) is an information protection expert that helps people, businesses and governments seeking the license to unlock the opportunities technology brings -- anytime, anywhere. Founded in April 1982, Symantec, a Fortune 500 company, operating one of the largest global data-intelligence networks, has provided leading security, backup and availability solutions for where vital information is stored, accessed and shared. The company's more than 19,000 employees reside in more than 50 countries. Ninety-nine percent of Fortune 500 companies are Symantec customers. In fiscal 2015, it recorded revenues of $6.5 billion. To learn more Go to www.symantec.com or connect with Symantec at: http://www.symantec.com/social/

    NOTE TO EDITORS: If you would relish additional information on Symantec Corporation and its products, please visit the Symantec advice play at http://www.symantec.com/news. each and every prices famed are in U.S. dollars and are telling only in the United States.

    Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may subsist trademarks of their respective owners.

    FORWARD-LOOKING STATEMENTS: This press release contains statements regarding their pecuniary and business results and plans, which may subsist considered forward-looking within the acceptation of the U.S. federal securities laws. These involve statements regarding their arrangement to part into two publicly traded companies, as well as projections of future revenue, operating margin and earnings per share, amortization of acquisition-related intangibles, stock-based compensation, and restructuring, separation and transition charges. These statements are matter to known and unknown risks, uncertainties and other factors that may reason their actual results, levels of activity, performance or achievements to disagree materially from results expressed or implied in this press release. Such risk factors involve those related to: generic economic conditions; risks related to the planned separation of the company into the security business and the information management business; maintaining customer and ally relationships; the anticipated growth of certain market segments, particularly with esteem to security and storage; the competitive environment in the software industry; changes to operating systems and product strategy by vendors of operating systems; fluctuations in currency exchange rates; the timing and market acceptance of novel product releases and upgrades; the successful development of novel products and integration of acquired businesses, and the degree to which these products and businesses gain market acceptance. Actual results may disagree materially from those contained in the forward-looking statements in this press release. They assume no obligation, and enact not intend, to update these forward-looking statements as a result of future events or developments. Additional information concerning these and other risks factors is contained in the Risk Factors sections of their form 10-K for the year ended March 28, 2014 and their form 10-Q for the quarter ended January 2, 2015.

    USE OF NON-GAAP pecuniary INFORMATION: Their results of operations believe undergone significant change due to the impact of stock-based compensation, charges related to the amortization of intangible assets, and certain other income and expense items that management considers unrelated to the Company’s core operations, including restructuring, separation and transition costs. To back their readers understand their past pecuniary performance and their future results, they supplement the pecuniary results that they provide in accordance with generally accepted accounting principles, or GAAP, with non-GAAP pecuniary measures. The manner they exercise to bow non-GAAP results is not computed according to GAAP and may disagree from the methods used by other companies. Non-GAAP pecuniary measures are supplemental, should not subsist considered a substitute for pecuniary information presented in accordance with GAAP and should subsist read only in conjunction with their consolidated pecuniary statements prepared in accordance with GAAP. Their management team uses these non-GAAP pecuniary measures in assessing the Company’s operating results, as well as when planning, forecasting and analyzing future periods. Investors are encouraged to review the reconciliation of their non-GAAP pecuniary measures to the comparable GAAP results, which is attached to their quarterly earnings release and which can subsist found, along with other pecuniary information, on the investor relations page of their website at http://www.symantec.com/invest.

                  SYMANTEC CORPORATION Condensed Consolidated equilibrium Sheets (Dollars in millions, unaudited)           April 3, March 28,

    2015

     

    2014 (1)

      ASSETS   Current assets: Cash and cash equivalents $ 2,874 $ 3,707 Short-term investments 1,017 377 Trade accounts receivable, net 993 1,007 Deferred income taxes 152 142 Deferred commissions 131 115 Other current assets   255     304   Total current assets   5,422     5,652     Property and equipment, net 1,205 1,116 Intangible assets, net 628 768 Goodwill 5,847 5,858 Long-term deferred commissions 26 21 Other long-term assets   105     124   Total assets $ 13,233   $ 13,539     LIABILITIES AND STOCKHOLDERS' EQUITY   Current liabilities: Accounts payable $ 213 $ 282 Accrued compensation and benefits 398 365 Deferred revenue 3,109 3,322 Current portion of long-term debt 350 - Other current liabilities   383     337   Total current liabilities   4,453     4,306     Long-term debt 1,746 2,095 Long-term deferred revenue 555 581 Long-term deferred tax liabilities 308 425 Long-term income taxes payable 134 252 Other long-term obligations   102     83   Total liabilities   7,298     7,742         Total stockholders' equity   5,935     5,797   Total liabilities and stockholders' equity $ 13,233   $ 13,539               (1) Derived from audited consolidated pecuniary statements.             SYMANTEC CORPORATION Condensed Consolidated Statements of Income (In millions, except per participate data, unaudited)   Year-Over-Year Three Months Ended   Growth Rate April 3, March 28, Constant

    2015

     

    2014

      Actual   Currency (1)   Net revenue: Content, subscription, and maintenance $ 1,318 $ 1,433 -8 % -1 % License   200       192     4 %   13 % Total net revenue   1,518       1,625     -7 %   0 %   Cost of revenue: Content, subscription, and maintenance 240 249 License 34 20 Amortization of intangible assets   13       13          

    Total cost of revenue

      287       282     2 %   6 % Gross profit   1,231       1,343     -8 %   -1 %   Operating expenses: Sales and marketing 551 585 Research and development 293 277 General and administrative 89 115 Amortization of intangible assets 25 28 Restructuring, separation, and transition   121       32          

    Total operating expenses

      1,079       1,037     4 %   9 % Operating income   152       306     -50 %   -34 %   Interest income 3 3 Interest expense (19 ) (19 ) Other income, net   7       8           Income before income taxes   143       298     -52 %   N/A     Income tax (benefit) expense   (33 )     81           Net income $ 176     $ 217     -19 %   N/A     Net income per participate -- basic $ 0.26 $ 0.31   Net income per participate -- diluted $ 0.25 $ 0.31   Weighted-average shares outstanding -- basic 684 693   Weighted-average shares outstanding -- diluted 693 700   Cash dividends declared per common share   $ 0.15     $ 0.15             (1) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods.             SYMANTEC CORPORATION Condensed Consolidated Statements of Income (In millions, except per participate data, unaudited)  

    Year-Over-Year

    Year Ended  

    Growth Rate (1)

    April 3, March 28,

    Constant

    2015

      2014  

    Actual

      Currency (2)   Net revenue: Content, subscription, and maintenance $ 5,749 $ 5,960 -4 % -1 % License   759       716     6 %   10 % Total net revenue   6,508       6,676     -3 %   0 %   Cost of revenue: Content, subscription, and maintenance 988 1,008 License 114 87 Amortization of intangible assets   51       54           Total cost of revenue   1,153       1,149     0 %   2 % Gross profit   5,355       5,527     -3 %   -1 %   Operating expenses: Sales and marketing 2,323 2,439 Research and development 1,144 1,039 General and administrative 379 446 Amortization of intangible assets 108 156 Restructuring, separation, and transition   252       264           Total operating expenses   4,206       4,344     -3 %   -2 % Operating income   1,149       1,183     -3 %   3 %   Interest income 12 12 Interest expense (79 ) (84 ) Other income, net   11       45           Income before income taxes   1,093       1,156     -5 %   N/A     Provision for income taxes   215       258           Net income $ 878     $ 898     -2 %   N/A     Net income per participate -- basic $ 1.27 $ 1.29   Net income per participate -- diluted $ 1.26 $ 1.28   Weighted-average shares outstanding -- basic 689 696   Weighted-average shares outstanding -- diluted 696 704   Cash dividends declared per common share   $ 0.60     $ 0.60             (1) They believe a 52/53-week fiscal accounting year. The year ended April 3, 2015 consisted of 53 weeks, whereas the year ended March 28, 2014 consisted of 52 weeks.   (2) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods.       SYMANTEC CORPORATION Condensed Consolidated Statements of Cash Flows (Dollars in millions, unaudited)     Year Ended April 3, March 28, 2015   2014   OPERATING ACTIVITIES: Net income $ 878 $ 898   Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 280 281 Amortization of intangible assets 159 210 Amortization of debt issuance costs and discounts 4 7 Stock-based compensation expense 195 156 Deferred income taxes

    (23

    ) 47 Excess income tax benefit from the exercise of stock options (10 ) (17 ) Net gain from sale of short-term investments - (32 ) Other 10 8 Net change in assets and liabilities, excluding effects of acquisitions: Trade accounts receivable, net (38 ) 30 Deferred commissions (30 ) 26 Accounts payable (65 ) (75 ) Accrued compensation and benefits 49 (58 ) Deferred revenue 19 (223 ) Income taxes payable

    (191

    ) 7 Other assets 22 (11 ) Other liabilities   53       27   Net cash provided by operating activities   1,312       1,281     INVESTING ACTIVITIES: Purchases of property and equipment (381 ) (260 ) Payments for acquisitions, net of cash acquired, and purchases of intangibles (39 ) (17 ) Purchases of short-term investments (1,758 ) (492 ) Proceeds from maturities of short-term investments 681 117 Proceeds from sales of short-term investments   343       69   Net cash used in investing activities   (1,154 )     (583 )   FINANCING ACTIVITIES: Repayments of debt and other obligations (21 ) (1,189 ) Proceeds from convertible note hedge - 189 Net proceeds from sales of common stock under employee stock benefit plans 116 234 Excess income tax benefit from the exercise of stock options 10 17 Tax payments related to restricted stock units (47 ) (45 ) Dividends paid, net (413 ) (418 ) Repurchases of common stock (500 ) (500 ) Proceeds from other financing, net   44       -   Net cash used in financing activities   (811 )     (1,712 )   Effect of exchange rate fluctuations on cash and cash equivalents   (180 )     36   Change in cash and cash equivalents (833 ) (978 ) Beginning cash and cash equivalents   3,707       4,685   Ending cash and cash equivalents $ 2,874     $ 3,707         SYMANTEC CORPORATION Reconciliation of Selected GAAP Measures to Non-GAAP Measures (1) (2) (In millions, except per participate data, unaudited)                     Year-Over-Year Three Months Ended     Non-GAAP Growth Rate April 3, 2015     March 28, 2014   Constant GAAP   Adj   Non-GAAP     GAAP   Adj   Non-GAAP     Actual   Currency (3)   Net revenue $ 1,518     $ 30     $ 1,548       $ 1,625     $ 25     $ 1,650       -6 %   1 %   Gross profit: $ 1,231 $ 49 $ 1,280 $ 1,343 $ 44 $ 1,387 -8 % -1 % EDS & NDI contingency 30 - GSA investigation - 25 Stock-based compensation 6 6 Amortization of intangible assets       13                 13                   Gross margin %   81.1 %     1.6 %     82.7 %       82.6 %     1.5 %     84.1 %     -140 bps   -100 bps   Operating expenses: $ 1,079 $ 195 $ 884 $ 1,037 $ 99 $ 938 -6 % -2 % Stock-based compensation 49 39

    Amortization of intangible assets

     

     

     

     

    25

     

     

     

     

    28

     

     

     

     

     

    Restructuring, separation, and transition       121                 32                   Operating expenses as a % of revenue   71.1 %     -14.0 %     57.1 %       63.8 %     -7.0 %     56.8 %     30 bps   -130 bps   Operating income $ 152     $ 244     $ 396       $ 306     $ 143     $ 449       -12 %   1 %   Operating margin %   10.0 %     15.6 %     25.6 %       18.8 %     8.4 %     27.2 %     -160 bps   30 bps   Net income: $ 176 $ 123 $ 299 $ 217 $ 116 $ 333 -10 % N/A Gross profit adjustment 49 44 Operating expense adjustment 195 99 Income tax effect on above items       (121 )               (27 )                 Diluted net income per share $ 0.25     $ 0.18     $ 0.43       $ 0.31     $ 0.17     $ 0.48       -10 %   N/A     Diluted weighted-average shares outstanding     693       -       693         700       -       700       -1 %   N/A     (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Appendix A.   (2) Non-GAAP measures for fiscal 2015 believe been revised to reflect a change in methodology that reduces the number of adjustments to GAAP measures. For a minute explanation of this change in methodology, please note “Change in non-GAAP methodology” in Appendix A.   (3) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods.       SYMANTEC CORPORATION Reconciliation of Selected GAAP Measures to Non-GAAP Measures (1) (2) (In millions, except per participate data, unaudited)                     Year-Over-Year Year Ended     Non-GAAP Growth Rate April 3, 2015     March 28, 2014   Constant GAAP   Adj   Non-GAAP     GAAP   Adj   Non-GAAP     Actual   Currency (3)   Net revenue $ 6,508     $ 30     $ 6,538       $ 6,676     $ 25     $ 6,701       -2 %   0 %   Gross profit: $ 5,355 $ 105 $ 5,460 $ 5,527 $ 98 $ 5,625 -3 % 0 % EDS & NDI contingency 30 - GSA investigation - 25 Stock-based compensation 24 19 Amortization of intangible assets       51                 54                   Gross margin %   82.3 %     1.2 %     83.5 %       82.8 %     1.1 %     83.9 %     -40 bps   -30 bps   Operating expenses: $ 4,206 $ 531 $ 3,675 $ 4,344 $ 557 $ 3,787 -3 % -2 % Stock-based compensation 171 137 Amortization of intangible assets 108 156 Restructuring, separation, and transition       252                 264                   Operating expenses as a % of revenue   64.6 %     -8.4 %     56.2 %       65.1 %     -8.6 %     56.5 %     -30 bps   -80 bps   Operating income $ 1,149     $ 636     $ 1,785       $ 1,183     $ 655     $ 1,838       -3 %   2 %   Operating margin %   17.7 %     9.6 %     27.3 %       17.7 %     9.7 %     27.4 %     -10 bps   50 bps   Net income: $ 878 $ 433 $ 1,311 $ 898 $ 472 $ 1,370 -4 % N/A Gross profit adjustment 105 98 Operating expense adjustment 531 557 Income tax effect on above items       (203 )               (183 )                 Diluted net income per share $ 1.26     $ 0.62     $ 1.88       $ 1.28     $ 0.67     $ 1.95       -4 %   N/A     Diluted weighted-average shares outstanding     696       -       696         704       -       704       -1 %   N/A     (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Appendix A.   (2) Non-GAAP measures for fiscal 2015 believe been revised to reflect a change in methodology that reduces the number of adjustments to GAAP measures. For a minute explanation of this change in methodology, please note “Change in non-GAAP methodology” in Appendix A.   (3) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods.       SYMANTEC CORPORATION Revenue and Deferred Revenue Detail (1) (2) (Dollars in millions, unaudited)               Three Months Ended April 3, 2015 March 28, 2014 GAAP   Adj (3)   Non-GAAP GAAP   Adj (4)   Non-GAAP Revenue                           Content, subscription, and maintenance $ 1,318 $ 30 $ 1,348 $ 1,433 $ 21 $ 1,454 License     200       -       200         192       4       196   Total Revenue   $ 1,518     $ 30     $ 1,548       $ 1,625     $ 25     $ 1,650   Revenue - Y/Y Growth Rate                           Content, subscription, and maintenance -8 % 1 % -7 % -6 % 1 % -5 % License     4 %     -2 %     2 %       -13 %     2 %     -11 % Total Y/Y Growth Rate     -7 %     1 %     -6 %       -7 %     1 %     -6 % Revenue - Y/Y Growth Rate in Constant Currency (5)                           Content, subscription, and maintenance -1 % 0 % -1 % -6 % 1 % -5 % License     13 %     -3 %     10 %       -14 %     2 %   -12 % Total Y/Y Growth Rate in Constant Currency (5)     0 %     1 %     1 %       -7 %     1 %   -6 %                             Revenue by Segment (6)                           Consumer Security $ 408 $ 30 $ 438 $ 504 $ - $ 504 Enterprise Security 491 - 491 511 10 521 Information Management     619       -       619         610       15       625   Revenue by Segment - Y/Y Growth Rate (6)                           Consumer Security -19 % 6 % -13 % -5 % 0 % -5 % Enterprise Security -4 % -2 % -6 % -6 % 2 % -4 % Information Management     1 %     -2 %     -1 %       -10 %     3 %     -7 % Revenue by Segment - Y/Y Growth Rate in Constant Currency (5) (6)                           Consumer Security -13 % 6 % -7 % -5 % 0 % -5 % Enterprise Security 2 % -2 % 0 % -6 % 2 % -4 % Information Management     9 %     -3 %     6 %       -10 %     2 %     -8 %                             Revenue by Geography                           International $ 758 $ - $ 758 $ 847 $ - $ 847 U.S. 760 30 790 778 25 803 Americas (U.S., Latin America, Canada) 855 30 885 880 25 905 EMEA 399 - 399 470 - 470 Asia Pacific & Japan     264       -       264         275       -       275   Revenue by Geography - Y/Y Growth Rate                           International -11 % 0 % -11 % -6 % 0 % -6 % U.S. -2 % 0 % -2 % -9 % 3 % -6 % Americas (U.S., Latin America, Canada) -3 % 1 % -2 % -8 % 3 % -5 % EMEA -15 % 0 % -15 % -3 % 0 % -3 % Asia Pacific & Japan     -4 %     0 %     -4 %       -11 %     0 %     -11 % Revenue by Geography - Y/Y Growth Rate in Constant Currency (5)                           International 2 % 0 % 2 % -6 % 0 % -6 % U.S. -2 % 1 % -1 % -9 % 3 % -6 % Americas (U.S., Latin America, Canada) -3 % 1 % -2 % -8 % 3 % -5 % EMEA 3 % 0 % 3 % -6 % 0 % -6 % Asia Pacific & Japan     6 %     0 %     6 %       -6 %     0 %     -6 %                             Deferred Revenue   $ 3,664     $ -     $ 3,664       $ 3,903     $ -     $ 3,903   Deferred Revenue - Y/Y Growth Rate     -6 %     0 %     -6 %       -4 %     0 %     -4 % Deferred Revenue - Y/Y Growth Rate in Constant Currency (5)     1 %     0 %     1 %       -6 %     0 %     -6 %   (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Symantec’s Explanation of Non-GAAP Measures in Appendix A.   (2) Non-GAAP measures for fiscal 2015 believe been revised to reflect a change in methodology that reduces the number of adjustments to GAAP measures. For a minute explanation of this change in methodology, please note “change in non-GAAP methodology” in Symantec’s Explanation of Non-GAAP Measures in Appendix A.   (3) The revenue adjustment relates to the EDS & NDI contingency. please note Appendix A for more details.   (4) The revenue adjustment relates to the GSA investigation. please note Appendix A for more details.   (5) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed. To exclude the effects of foreign currency rate fluctuations, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods (or, in the case of deferred revenue, converted into United States dollars at the actual exchange rate in effect at the conclude of the prior period).   (6) This presentation includes revised amounts from a change in segment reporting. please note Appendix A for more details.       SYMANTEC CORPORATION Operating Margin by Segment Detail (1) (2) (3) (Dollars in millions, unaudited)                 Three Months Ended April 3, 2015 March 28, 2014     GAAP   Adj (4)   Non-GAAP GAAP   Adj (5)   Non-GAAP Operating Income by Segment                       Consumer Security $ 212 $ 30 $ 242 $ 255 $ - $ 255 Enterprise Security 47 - 47 69 10 79 Information Management     107       -       107         100       15       115   Total Operating Income by Segment     366       30       396         424       25       449   Reconciling Items: Stock-based compensation 55 (55 ) - 45 (45 ) - Amortization of intangible assets 38 (38 ) - 41 (41 ) - Restructuring, separation, and transition     121       (121 )     -         32       (32 )     -   Total Consolidated Operating Income   $ 152     $ 244     $ 396       $ 306     $ 143     $ 449                               Operating Margin by Segment                           Consumer Security 52 % 3 % 55 % 51 % 0 % 51 % Enterprise Security 10 % 0 % 10 % 14 % 1 % 15 % Information Management     17 %     0 %     17 %       16 %     2 %     18 %   (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Appendix A.   (2) Non-GAAP measures for fiscal 2015 believe been revised to reflect a change in methodology that reduces the number of adjustments to GAAP measures. For a minute explanation of this change in methodology, please note “Change in non-GAAP methodology” in Appendix A.   (3) This presentation includes revised amounts from a change in segment reporting. please note Appendix A for more details.   (4) The revenue adjustment relates to the EDS & NDI contingency. please note Appendix A for more details.   (5) The revenue adjustment relates to the GSA investigation. please note Appendix A for more details.       SYMANTEC CORPORATION Revenue and Deferred Revenue Detail (1) (2) (Dollars in millions, unaudited)                   Year Ended April 3, 2015 March 28, 2014 GAAP   Adj (3)   Non-GAAP GAAP   Adj (4)   Non-GAAP Revenue                           Content, subscription, and maintenance $ 5,749 $ 30 $ 5,779 $ 5,960 $ 21 $ 5,981 License     759       -       759         716       4       720   Total Revenue   $ 6,508     $ 30     $ 6,538       $ 6,676     $ 25     $ 6,701   Revenue - Y/Y Growth Rate                           Content, subscription, and maintenance -4 % 1 % -3 % -1 % 0 % -1 % License     6 %     -1 %     5 %       -19 %     0 %     -19 % Total Y/Y Growth Rate     -3 %     1 %     -2 %       -3 %     0 %     -3 % Revenue - Y/Y Growth Rate in Constant Currency (5)                           Content, subscription, and maintenance -1 % 0 % -1 % -1 % 1 % 0 % License     10 %     -1 %     9 %       -19 %     0 %     -19 % Total Y/Y Growth Rate in Constant Currency (5)     0 %     0 %     0 %       -3 %     0 %     -3 %                             Revenue by Segment (6)                           Consumer Security $ 1,887 $ 30 $ 1,917 $ 2,063 $ - $ 2,063 Enterprise Security 2,063 - 2,063 2,100 10 2,110 Information Management     2,558       -       2,558         2,513       15       2,528   Revenue by Segment - Y/Y Growth Rate (6)                           Consumer Security -9 % 2 % -7 % -2 % 0 % -2 % Enterprise Security -2 % 0 % -2 % -3 % 0 % -3 % Information Management     2 %     -1 %     1 %       -4 %     0 %     -4 % Revenue by Segment - Y/Y Growth Rate in Constant Currency (5) (6)                           Consumer Security -6 % 1 % -5 % -1 % 0 % -1 % Enterprise Security 0 % 0 % 0 % -2 % 0 % -2 % Information Management     4 %     0 %     4 %       -5 %     1 %     -4 %                             Revenue by Geography                           International $ 3,338 $ - $ 3,338 $ 3,478 $ - $ 3,478 U.S. 3,170 30 3,200 3,198 25 3,223 Americas (U.S., Latin America, Canada) 3,586 30 3,616 3,617 25 3,642 EMEA 1,813 - 1,813 1,891 - 1,891 Asia Pacific & Japan     1,109       -       1,109         1,168       -       1,168   Revenue by Geography - Y/Y Growth Rate                           International -4 % 0 % -4 % -3 % 0 % -3 % U.S. -1 % 0 % -1 % -4 % 1 % -3 % Americas (U.S., Latin America, Canada) -1 % 0 % -1 % -3 % 0 % -3 % EMEA -4 % 0 % -4 % 2 % 0 % 2 % Asia Pacific & Japan     -5 %     0 %     -5 %       -10 %     0 %     -10 % Revenue by Geography - Y/Y Growth Rate in Constant Currency (5)                           International 0 % 0 % 0 % -2 % 0 % -2 % U.S. -1 % 0 % -1 % -4 % 1 % -3 % Americas (U.S., Latin America, Canada) -1 % 0 % -1 % -3 % 0 % -3 % EMEA 1 % 0 % 1 % -2 % 0 % -2 % Asia Pacific & Japan     0 %     0 %     0 %       -4 %     0 %     -4 %                             Deferred Revenue   $ 3,664     $ -     $ 3,664       $ 3,903     $ -     $ 3,903   Deferred Revenue - Y/Y Growth Rate     -6 %     0 %     -6 %       -4 %     0 %     -4 % Deferred Revenue - Y/Y Growth Rate in Constant Currency (5)     1 %     0 %     1 %       -6 %     0 %     -6 %   (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Symantec’s Explanation of Non-GAAP Measures in Appendix A.   (2) Non-GAAP measures for fiscal 2015 believe been revised to reflect a change in methodology that reduces the number of adjustments to GAAP measures. For a minute explanation of this change in methodology, please note “change in non-GAAP methodology” in Symantec’s Explanation of Non-GAAP Measures in Appendix A.   (3) The revenue adjustment relates to the EDS & NDI contingency. please note Appendix A for more details.   (4) The revenue adjustment relates to the GSA investigation. please note Appendix A for more details.   (5) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed. To exclude the effects of foreign currency rate fluctuations, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods (or, in the case of deferred revenue, converted into United States dollars at the actual exchange rate in effect at the conclude of the prior period).   (6) This presentation includes revised amounts from a change in segment reporting. please note Appendix A for more details.       SYMANTEC CORPORATION Operating Margin by Segment Detail (1) (2) (3) (Dollars in millions, unaudited)                 Year Ended April 3, 2015 March 28, 2014     GAAP   Adj (4)   Non-GAAP GAAP   Adj (5)   Non-GAAP Operating Income by Segment                           Consumer Security $ 982 $ 30 $ 1,012 $ 928 $ - $ 928 Enterprise Security 287 - 287 314 10 324 Information Management     486       -       486         571       15       586   Total Operating Income by Segment     1,755       30       1,785         1,813       25       1,838   Reconciling Items: Stock-based compensation 195 (195 ) - 156 (156 ) - Amortization of intangible assets 159 (159 ) - 210 (210 ) - Restructuring, separation, and transition     252       (252 )     -         264       (264 )     -   Total Consolidated Operating Income   $ 1,149     $ 636     $ 1,785       $ 1,183     $ 655     $ 1,838                               Operating Margin by Segment                           Consumer Security 52 % 1 % 53 % 45 % 0 % 45 % Enterprise Security 14 % 0 % 14 % 15 % 0 % 15 % Information Management     19 %     0 %     19 %       23 %     0 %     23 %   (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Appendix A.   (2) Non-GAAP measures for fiscal 2015 believe been revised to reflect a change in methodology that reduces the number of adjustments to GAAP measures. For a minute explanation of this change in methodology, please note “Change in non-GAAP methodology” in Appendix A.   (3) This presentation includes revised amounts from a change in segment reporting. please note Appendix A for more details.   (4) The revenue adjustment relates to the EDS & NDI contingency. please note Appendix A for more details.   (5) The revenue adjustment relates to the GSA investigation. please note Appendix A for more details.       SYMANTEC CORPORATION Guidance and Reconciliation of GAAP to Non-GAAP Operating Margin and Earnings Per participate (1) (Dollars in millions, except per participate data, unaudited)   Fiscal Year 2016 Revenue Guidance   Year Ended April 1, 2016   Year-Over-Year Growth Rate (2) (3)   Range   Actual   Constant Currency (4) (5)   Revenue range   $6,210 - $6,350  

    (5.0)% - (2.9)%

     

    0.0% - 2.3%

                  Year Ended April 1, 2016 Year-Over-Year increase (Decrease) (2) Operating Margin Guidance and Reconciliation   Range   Actual   Constant Currency (4) (5)   GAAP operating margin 14.5% - 15.5% (320) bps - (220) bps (108) bps - (8) bps Add back: Stock-based compensation 4.6% Other non-GAAP adjustments 9.9%         Non-GAAP operating margin   29.0% - 30.0%   170 bps - 270 bps   330 bps - 430 bps               Year Ended April 1, 2016 Year-Over-Year Growth Rate (2) Earnings Per participate Guidance and Reconciliation   Range   Actual   GAAP diluted earnings per participate range $0.86 - $0.96 (31.7)% - (23.8)% Add back: Stock-based compensation, net of taxes $0.30 Other non-GAAP adjustments, net of taxes $0.64     Non-GAAP diluted earnings per participate range   $1.80 - $1.90   (4.3)% - 1.1%   First Quarter Fiscal Year 2016 Revenue Guidance Three Months Ended July 3, 2015 Year-Over-Year Growth Rate (2)   Range   Actual   Constant Currency (4) (5)   Revenue range   $1,500 - $1,540   (13.5)% - (11.2)%  

    (0.5)% - 2.1%

                  Three Months Ended July 3, 2015 Year-Over-Year increase (Decrease) (2) Operating Margin Guidance and Reconciliation   Range   Actual   Constant Currency (4) (5)   GAAP operating margin 14.0% - 15.0% (460) bps - (360) bps 33 bps - 134 bps Add back: Stock-based compensation 3.7% Other non-GAAP adjustments 9.3%         Non-GAAP operating margin   27.0% - 28.0%   240 bps - 340 bps   635 bps - 735 bps               Three Months Ended July 3, 2015 Year-Over-Year Growth Rate (2) Earnings Per participate Guidance and Reconciliation   Range   Actual   GAAP diluted earnings per participate range $0.20 - $0.23 (41.2)% - (32.4)% Add back: Stock-based compensation, net of taxes $0.06 Other non-GAAP adjustments, net of taxes $0.15     Non-GAAP diluted earnings per participate range   $0.41 - $0.44   (8.9)% - (2.2)%   (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Appendix A.   (2) They believe a 52/53-week fiscal accounting year. The fiscal year ended April 1, 2016 consists of 52 weeks, whereas the fiscal year ended April 3, 2015 consisted of 53 weeks. The quarter ended July 3, 2015 consists of 13 weeks, whereas the quarter ended July 4, 2014 consisted of 14 weeks.   (3) Growth rates are calculated using fiscal year 2015 non-GAAP revenue.   (4) Management refers to growth rates adjusting for currency fluctuations in foreign currency exchange rates so that the business results can subsist viewed without the impact of these fluctuations. They compare the percent change of the results from one age to another age in order to provide a consistent framework for assessing how their underlying businesses performed. To exclude the effects of foreign currency rate fluctuations, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods.   (5) These calculations are adjusted for the extra week in the June 2014 quarter.  

    SYMANTEC CORPORATION

    Explanation of Non-GAAP Measures and Other Items

    Appendix A

    Segment reporting: In fiscal 2015, they are focused on managing their businesses as a portfolio and optimizing certain businesses for margin or growth. As a result, they formed a novel consumer group and they consolidated their enterprise security businesses into a segment. They modified their segment reporting structure to match their operating structure in the second quarter of fiscal 2015. The historical periods presented believe been adjusted to reflect the novel reporting structure, which is now:

    • Consumer Security

    • Enterprise Security

    • Information Management

    Consumer Security consists of their consumer security businesses that were previously reported in User Productivity & Protection. Enterprise Security consists of their enterprise security businesses that were previously reported in User Productivity & Protection and Information Security. There were no changes to the Information Management segment.

    Objective of non-GAAP measures: They believe their presentation of non-GAAP pecuniary measures, when taken together with corresponding GAAP pecuniary measures, provides meaningful supplemental information regarding the Company’s operating performance for the reasons discussed below. Their management team uses these non-GAAP pecuniary measures in assessing the Company’s operating results, as well as when planning, forecasting and analyzing future periods. They believe that these non-GAAP pecuniary measures also facilitate comparisons of the Company’s performance to prior periods and to their peers and that investors benefit from an understanding of the non-GAAP pecuniary measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP.

    Change in non-GAAP methodology: From time to time, the Company performs a comprehensive review of its non-GAAP pecuniary measures. efficacious in the first quarter of fiscal 2015, non-GAAP pecuniary measures are adjusted for the following items: stock-based compensation expense; charges related to the amortization of intangible assets; certain other income and expense items that management considers unrelated to the Company’s core operations; and the associated income tax effects of the adjustments. By limiting the number and nature of adjustments, their management team believes this supplemental information will provide more meaningful insight into the performance of the Company’s core business and enhance investors’ aptitude to compare the Company’s performance to its peers. The adoption of the change in methodology has been applied retrospectively to prior periods to facilitate comparability across periods.

    Stock-based compensation: Consists of expenses for employee stock options, restricted stock units, restricted stock awards, performance based awards and their employee stock purchase arrangement determined in accordance with the authoritative guidance on stock-based compensation. When evaluating the performance of their individual business units and developing short- and long-term plans, they enact not account stock-based compensation charges. Their management team is held accountable for cash-based compensation, but they believe that management is limited in its aptitude to project the impact of stock-based compensation and accordingly is not held accountable for its impact on their operating results. Although stock-based compensation is necessary to attract and retain trait employees, their consideration of stock-based compensation places its primary accent on overall shareholder dilution rather than the accounting charges associated with such grants. In addition, for comparability purposes, they believe it is useful to provide a non-GAAP pecuniary measure that excludes stock-based compensation in order to better understand the long-term performance of their core business and to facilitate the comparison of their results to the results of their peer companies. Furthermore, unlike cash-based compensation, the value of stock-based compensation is determined using complex formulas that incorporate factors, such as market volatility, that are beyond their control.

                        Three Months Ended April 3,   March 28,

    2015

    2014

    Cost of revenue $ 6 $ 6 Sales and marketing 20 15 Research and development 20 14 General and administrative 9   10 Total stock-based compensation $ 55 $ 45  

    Amortization of intangible assets: When conducting internal development of intangible assets, accounting rules require that they expense the costs as incurred. In the case of acquired businesses, however, they are required to commandeer a portion of the purchase charge to the accounting value assigned to intangible assets acquired and amortize this amount over the estimated useful lives of the acquired intangible assets. The acquired company, in most cases, has itself previously expensed the costs incurred to develop the acquired intangible assets, and the purchase charge allocated to these assets is not necessarily reflective of the cost they would incur in developing the intangible asset. They eliminate these amortization charges from their non-GAAP operating results to provide better comparability of pre- and post-acquisition operating results and comparability to results of businesses utilizing internally developed intangible assets.

    Restructuring, separation, and transition: They believe engaged in various restructuring, separation, and transition activities over the past several years that believe resulted in costs associated with severance, facilities, transition, and other related costs. Separation and other related costs consist of consulting and disentanglement costs incurred to split the Company into two, independent publicly traded companies, as well as costs to prune selected product lines that enact not apt either the Company’s growth or margin objectives. Transition and other related costs consist of consulting charges associated with the implementation of novel Enterprise Resource Planning systems. Each restructuring, separation, and transition activity has been a discrete event based on a unique set of business objectives or circumstances, and each has differed from the others in terms of its operational implementation, business impact and scope. They enact not engage in restructuring, separation, or transition activities in the ordinary course of business. While their operations previously benefited from the employees and facilities covered by their various restructuring and separation charges, these employees and facilities believe benefited different parts of their business in different ways, and the amount of these charges has varied significantly from age to period. They believe that it is notable to understand these charges and they believe that investors benefit from excluding these charges from their operating results to facilitate a more meaningful evaluation of current operating performance and comparisons to past operating performance.

    EDS & NDI contingency: On January 24, 2011, a class action lawsuit was filed against the Company and its previous e-commerce vendor Digital River, Inc. The lawsuit alleged violations of California’s Unfair Competition Law, the California Legal Remedies Act and unjust enrichment related to prior sales of Extended Download Service (EDS) and Norton Download Insurance (NDI). On March 31, 2014, the U.S. District Court for the District of Minnesota certified a class of each and every people who purchased these products between January 24, 2005, and March 10, 2011. In April 2015, they reached agreement in principle with the plaintiffs under which the Company will pay the plaintiffs $30 million. As they account this settlement amount now estimable and probable, they believe recorded it as an offset to revenue during the year ended April 3, 2015. The Company's management excluded this item when evaluating its ongoing operating performance, and therefore excluded this loss when presenting non-GAAP pecuniary measures.

    GSA investigation: During the first quarter of fiscal 2013, they were advised by the Commercial Litigation fork of the Department of Justice’s Civil Division and the Civil Division of the U.S. Attorney’s Office for the District of Columbia that the government is investigating their compliance with certain provisions of their U.S. generic Services Administration (“GSA”) Multiple Award Schedule shrink No. GS-35F-0240T efficacious January 24, 2007, including provisions relating to pricing, country of origin, accessibility, and the disclosure of commercial sales practices. As a result of these developments, they considered the exigency for an accrual for a potential loss and they recorded an amount as a reduction of revenue that represents their best assess of the low conclude of such range. This amount contemplates estimated losses from both the investigation of compliance with the terms of the GSA Schedule shrink as well as feasible violations of the wrong Claims Act. There is at least a reasonable possibility that a loss may believe been incurred in excess of their accrual for this matter, however they are currently unable to determine a ambit of estimated losses resulting from this matter. The Company's management excluded this item when evaluating its ongoing operating performance, and therefore excluded this loss when presenting non-GAAP pecuniary measures.

    Release of tax contingencies: During the fourth quarter of fiscal 2015 and second quarter of fiscal 2014, they realized GAAP tax benefits of $39 million and $33 million, respectively, for the resolution of tax matters related to the sale of their 49% ownership interest in the joint venture with Huawei during the fourth quarter of fiscal 2012. The related gain on the sale in the fourth quarter of fiscal 2012 was excluded from non-GAAP results and, accordingly, they believe excluded the tax benefit from their non-GAAP results. This GAAP tax benefit is presented in the “Income tax effect on above items” line.

    Defined benefit plans: The Company has defined benefit plans in the form of company mandatory or statutory retirement and termination indemnities in foreign locations including a company supplemental arrangement in Germany which is now frozen. In the fourth quarter of fiscal 2015, the Company recorded an $11 million pervade to operating expenses to adjust for gains and losses on such defined benefit plans. This pervade was included in their non-GAAP results.


    Symantec Reports Third Quarter Fiscal Year 2015 Results | killexams.com actual questions and Pass4sure dumps

    MOUNTAIN VIEW, Calif--(BUSINESS WIRE)--Symantec Corp. (NASDAQ: SYMC) today reported the results of its third quarter of fiscal year 2015, ended January 2, 2015.

    Michael A. Brown, president and CEO, said, “Cyberattacks continue to dominate the headlines with more than 70 percent of these noiseless occurring at the endpoint. By harnessing Symantec’s vast threat telemetry to deliver actionable insight, they continue to preclude attacks at hundreds of millions of enterprise and consumer endpoints.”

    “As the market leader in endpoint security, their enterprise endpoint protection revenue grew 5 percent year-over-year in constant currency. Over the next few quarters, they will deliver more powerful advanced threat protection capabilities that will better detect and remediate attacks.”

    “Our information management business, recently rebranded as Veritas, is experiencing accelerating growth, driven by double-digit revenue growth for both their NetBackup appliances and NetBackup software.”

    Thomas Seifert, executive vice president and CFO, said, “Driving operational efficiencies across the company has allowed us to achieve their 30 percent operating margin target. They saw implied billings growth for three consecutive quarters on a constant currency basis, in addition to a 21 percent increase in great deals, underlining that the momentum in their businesses is strong.”

           

    Results for the Third Quarter of Fiscal Year 2015 (Dollars in millions, except EPS)

          3Q15   3Q14  

    ReportedY/YChange

     

    FXAdjustedY/Y Change

    GAAP                 Revenue   $1,638   $1,705   (4%)   0% Operating Margin   20.0%   23.8%   (380) bps   (270) bps Net Income   $222   $283   (22%)   N/A Deferred Revenue   $3,494   $3,654   (4%)   1% EPS (Diluted)   $0.32   $0.40   (20%)   N/A CFFO   $358   $329   9%   N/A Non-GAAP                 Operating Margin   30.4%   29.9%   50 bps   140 bps Net Income   $367   $367   0%   N/A EPS (Diluted)   $0.53   $0.52   2%   N/A    

    Fourth Quarter and Fiscal Year 2015 Guidance (Dollars in millions, except EPS and FX rate)

          4Q15   FY15     At Expected

    FX Rate

      At Previous

    FX Rate

      At Expected

    FX Rate

      At Previous

    FX Rate

    GAAP                 Revenue   $1,525 - $1,585   $1,620 - $1,680   $6,515 - $6,575   $6,700 - $6,760 Operating Margin  

    14.9% - 15.9%

     

    17.9% - 18.9%

     

    18.8% - 19.0%

     

    20.1% - 20.3%

    EPS (Diluted)   $0.22 - $0.25   $0.29 - $0.32   $1.23 - $1.26   $1.36 - $1.39 Non-GAAP                 Operating Margin  

    26.5% - 27.5%

     

    28.9% - 29.9%

     

    27.5% - 27.7%

     

    28.6% - 28.8%

    EPS (Diluted)   $0.42 - $0.45   $0.48 - $0.51   $1.87 - $1.90   $2.00 - $2.03 Tax Rate  

    25.5%

     

    25.5%

     

    24.8%

     

    24.8%

    Share Count   693 million   693 million   696 million   696 million FX Rate (€/$)   $1.16   $1.38   $1.28   $1.38        

    Symantec's Board of Directors has declared a quarterly cash dividend of $0.15 per common participate to subsist paid on March 18, 2015 to each and every shareholders of record as of the nearby of business on February 26, 2015. The ex-dividend date will subsist February 24, 2015.

    In a part press release today, the company also announced that its Board of Directors has approved a novel $1 billion participate repurchase program.

    Conference Call

    Symantec has scheduled a conference summon for 5 p.m. ET/2 p.m. PT today to argue results from the third quarter of fiscal year 2015, ended January 2, 2015 and to review guidance. Interested parties may access the conference summon on the Internet at http://www.symantec.com/invest. To listen to the live call, please Go to the website at least 15 minutes early to register, download and install any necessary audio software. A replay and their prepared remarks will subsist available on the investor relations home page shortly after the summon is completed.

    About Symantec

    Symantec Corporation (NASDAQ: SYMC) is an information protection expert that helps people, businesses and governments seeking the license to unlock the opportunities technology brings -- anytime, anywhere. Founded in April 1982, Symantec, a Fortune 500 company, operating one of the largest global data-intelligence networks, has provided leading security, backup and availability solutions for where vital information is stored, accessed and shared. The company's more than 20,000 employees reside in more than 50 countries. Ninety-nine percent of Fortune 500 companies are Symantec customers. In fiscal 2014, it recorded revenues of $6.7 billion. To learn more Go to www.symantec.com or connect with Symantec at: http://www.symantec.com/social/

    NOTE TO EDITORS: If you would relish additional information on Symantec Corporation and its products, please visit the Symantec advice play at http://www.symantec.com/news. each and every prices famed are in U.S. dollars and are telling only in the United States.

    Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may subsist trademarks of their respective owners.

    FORWARD-LOOKING STATEMENTS: This press release contains statements regarding their pecuniary and business results and plans, which may subsist considered forward-looking within the acceptation of the U.S. federal securities laws. These involve statements regarding their arrangement to part into two publicly traded companies, as well as projections of future revenue, operating margin and earnings per share, amortization of acquisition-related intangibles, stock-based compensation, and restructuring, separation and transition charges. These statements are matter to known and unknown risks, uncertainties and other factors that may reason their actual results, levels of activity, performance or achievements to disagree materially from results expressed or implied in this press release. Such risk factors involve those related to: generic economic conditions; risks related to the planned separation of the company into the security business and the information management business; maintaining customer and ally relationships; the anticipated growth of certain market segments, particularly with esteem to security and storage; the competitive environment in the software industry; changes to operating systems and product strategy by vendors of operating systems; fluctuations in currency exchange rates; the timing and market acceptance of novel product releases and upgrades; the successful development of novel products and integration of acquired businesses, and the degree to which these products and businesses gain market acceptance. Actual results may disagree materially from those contained in the forward-looking statements in this press release. They assume no obligation, and enact not intend, to update these forward-looking statements as a result of future events or developments. Additional information concerning these and other risks factors is contained in the Risk Factors sections of their form 10-K for the year ended March 28, 2014 and their form 10-Q for the quarter ended October 3, 2014.

    USE OF NON-GAAP pecuniary INFORMATION: Their results of operations believe undergone significant change due to the impact of stock-based compensation, charges related to the amortization of intangible assets, and certain other income and expense items that management considers unrelated to the Company’s core operations, including restructuring, separation and transition costs. To back their readers understand their past pecuniary performance and their future results, they supplement the pecuniary results that they provide in accordance with generally accepted accounting principles, or GAAP, with non-GAAP pecuniary measures. The manner they exercise to bow non-GAAP results is not computed according to GAAP and may disagree from the methods used by other companies. Non-GAAP pecuniary measures are supplemental, should not subsist considered a substitute for pecuniary information presented in accordance with GAAP and should subsist read only in conjunction with their consolidated pecuniary statements prepared in accordance with GAAP. Their management team uses these non-GAAP pecuniary measures in assessing the Company’s operating results, as well as when planning, forecasting and analyzing future periods. Investors are encouraged to review the reconciliation of their non-GAAP pecuniary measures to the comparable GAAP results, which is attached to their quarterly earnings release and which can subsist found, along with other pecuniary information, on the investor relations page of their website at http://www.symantec.com/invest.

                  SYMANTEC CORPORATION Condensed Consolidated equilibrium Sheets (Dollars in millions, unaudited)           January 2, March 28,

    2015

     

    2014(1)

      ASSETS   Current assets: Cash and cash equivalents $ 2,764 $ 3,707 Short-term investments 976 377 Trade accounts receivable, net 982 1,007 Inventories, net 12 14 Deferred income taxes 143 142 Deferred commissions 120 115 Other current assets   258     290   Total current assets   5,255     5,652     Property and equipment, net 1,186 1,116 Intangible assets, net 669 768 Goodwill 5,854 5,858 Long-term deferred commissions 25 21 Other long-term assets   113     124   Total assets $ 13,102   $ 13,539     LIABILITIES AND STOCKHOLDERS' EQUITY   Current liabilities: Accounts payable $ 212 $ 282 Accrued compensation and benefits 382 365 Deferred revenue 2,961 3,322 Current portion of long-term debt 350 - Other current liabilities   328     337   Total current liabilities   4,233     4,306     Long-term debt 1,745 2,095 Long-term deferred revenue 533 581 Long-term deferred tax liabilities 465 425 Long-term income taxes payable 133 252 Other long-term obligations   83     83   Total liabilities   7,192     7,742         Total stockholders' equity   5,910     5,797   Total liabilities and stockholders' equity $ 13,102   $ 13,539               (1) Derived from audited consolidated pecuniary statements.                             SYMANTEC CORPORATION Condensed Consolidated Statements of Income (In millions, except per participate data, unaudited)                   Year-Over-Year Three Months Ended   Growth Rate January 2, December 27,

    Constant

    2015

      2013   Actual  

    Currency (1)

      Net revenue: Content, subscription, and maintenance $ 1,412 $ 1,508 -6 % -3 % License   226       197     15 %   20 % Total net revenue   1,638       1,705     -4 %   0 %   Cost of revenue: Content, subscription, and maintenance 239 244 License 28 26

    Amortization of intangible assets

      12       13           Total cost of revenue   279       283     -1 %   1 % Gross profit   1,359       1,422     -4 %   -1 %   Operating expenses: Sales and marketing 563 610 Research and development 267 252 General and administrative 94 98 Amortization of intangible assets 27 28

    Restructuring, separation, and transition

     

    81

         

    29

       

     

        Total operating expenses   1,032       1,017     1 %   4 % Operating income   327       405     -19 %   -12 %   Interest income 3 3 Interest expense (20 ) (20 )

    Other income (loss), net

      2       (1 )         Income before income taxes   312       387     -19 %   N/A     Provision for income taxes   90       104           Net income $ 222     $ 283     -22 %   N/A     Net income per participate -- basic $ 0.32 $ 0.41   Net income per participate -- diluted $ 0.32 $ 0.40   Weighted-average shares outstanding -- basic 689 696   Weighted-average shares outstanding -- diluted 697 702   Cash dividends declared per common share   $ 0.15     $ 0.15             (1) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods.                             SYMANTEC CORPORATION Condensed Consolidated Statements of Income (In millions, except per participate data, unaudited)                   Year-Over-Year Nine Months Ended  

    Growth Rate (1)

    January 2, December 27, Constant

     

    2015

      2013   Actual   Currency (2)   Net revenue: Content, subscription, and maintenance $ 4,431 $ 4,527 -2 % -1 % License   559       524     7 %   8 % Total net revenue   4,990       5,051     -1 %   0 %   Cost of revenue: Content, subscription, and maintenance 748 759 License 80 67 Amortization of intangible assets   38       41          

    Total cost of revenue

      866       867     0 %   1 % Gross profit   4,124       4,184     -1 %   0 %   Operating expenses: Sales and marketing 1,772 1,854 Research and development 851 762 General and administrative 290 331 Amortization of intangible assets 83 128 Restructuring, separation, and transition   131       232           Total operating expenses   3,127       3,307     -5 %   -5 % Operating income   997       877     14 %   16 %   Interest income 9 9 Interest expense (60 ) (65 ) Other income, net   4       37           Income before income taxes   950       858     11 %   N/A     Provision for income taxes   248       177           Net income $ 702     $ 681     3 %   N/A     Net income per participate -- basic $ 1.02 $ 0.98   Net income per participate -- diluted $ 1.01 $ 0.96   Weighted-average shares outstanding -- basic 690 697   Weighted-average shares outstanding -- diluted 697 706   Cash dividends declared per common share   $ 0.45     $ 0.45             (1) They believe a 52/53-week fiscal accounting year. The nine months ended January 2, 2015 consisted of 40 weeks, whereas the nine months ended December 27, 2013 consisted of 39 weeks.   (2) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods.       SYMANTEC CORPORATION Condensed Consolidated Statements of Cash Flows (Dollars in millions, unaudited)         Nine Months Ended January 2,   December 27, 2015   2013   OPERATING ACTIVITIES: Net income $ 702 $ 681 Adjustments to reconcile net income to net cash provided by operating activities:

    Depreciation

    213

    207

    Amortization of intangible assets 121 170 Amortization of debt issuance costs and discounts 3 6 Stock-based compensation expense 140 111 Deferred income taxes 28 9 Excess income tax benefit from the exercise of stock options (6 ) (13 ) Net gain from sale of short-term investments - (32 ) Other 8 8 Net change in assets and liabilities, excluding effects of acquisitions: Trade accounts receivable, net (7 ) 145 Inventories, net 1 11 Deferred commissions (16 ) 27 Accounts payable (65 ) (54 ) Accrued compensation and benefits 28 (83 ) Deferred revenue (232 ) (470 ) Income taxes payable (94 ) 30 Other assets 22 30 Other liabilities   (22 )     49   Net cash provided by operating activities   824       832     INVESTING ACTIVITIES: Purchases of property and equipment (300 ) (183 ) Payments for acquisitions, net of cash acquired, and purchases of intangibles (39 ) (17 ) Purchases of short-term investments (1,429 ) (174 ) Proceeds from maturities of short-term investments 495

    99

    Proceeds from sales of short-term investments   270      

    67

      Net cash used in investing activities   (1,003 )     (208 )   FINANCING ACTIVITIES: Repayments of debt and other obligations (19 ) (1,189 ) Proceeds from convertible note hedge - 189 Net proceeds from sales of common stock under employee stock benefit plans 78 183 Excess income tax benefit from the exercise of stock options 6 13 Tax payments related to restricted stock units (37 ) (32 ) Dividends paid, net (311 ) (314 ) Repurchases of common stock (375 ) (375 ) Proceeds from other financing, net   36       -   Net cash used in financing activities   (622 )     (1,525 )   Effect of exchange rate fluctuations on cash and cash equivalents   (142 )     29   Change in cash and cash equivalents (943 ) (872 ) Beginning cash and cash equivalents   3,707       4,685   Ending cash and cash equivalents $ 2,764     $ 3,813         SYMANTEC CORPORATION

    Reconciliation of Selected GAAP Measures to Non-GAAP Measures (1) (2)

    (In millions, except per participate data, unaudited)                 Year-Over-Year Three Months Ended Non-GAAP Growth Rate January 2, 2015 December 27, 2013   Constant GAAP   Adj   Non-GAAP GAAP   Adj   Non-GAAP Actual Currency (3)   Net revenue $ 1,638   $ -   $ 1,638 $ 1,705   $ -   $ 1,705 -4% 0%   Gross profit $ 1,359 $ 18 $ 1,377 $ 1,422 $ 18 $ 1,440 -4% -1% Stock-based compensation 6 5 Amortization of intangible assets       12           13           Gross margin %   83.0%     1.1%     84.1%   83.4%     1.1%     84.5% -40 bps -30 bps   Operating expenses: $ 1,032 $ 153 $ 879 $ 1,017 $ 86 $ 931 -6% -3% Stock-based compensation 45 29 Amortization of intangible assets 27 28 Restructuring, separation, and transition       81           29           Operating expenses as a % of revenue   63.0%     -9.3%     53.7%   59.6%     -5.0%     54.6% -90 bps -170 bps   Operating income $ 327   $ 171   $ 498 $ 405   $ 104   $ 509 -2% 4%   Operating margin %   20.0%     10.4%     30.4%   23.8%     6.1%     29.9% 50 bps 140 bps   Net income: $ 222 $ 145 $ 367 $ 283 $ 84 $ 367 0% N/A Gross profit adjustment 18 18 Operating expense adjustment 153 86 Income tax effect on above items       (26)           (20)           Diluted net income per share $ 0.32   $ 0.21   $ 0.53 $ 0.40   $ 0.12   $ 0.52 2% N/A   Diluted weighted-average shares outstanding     697     -     697     702     -     702   -1%   N/A   (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Appendix A.   (2) Non-GAAP measures for fiscal 2015 believe been revised to reflect a change in methodology that reduces the number of adjustments to GAAP measures. For a minute explanation of this change in methodology, please note “Change in non-GAAP methodology” in Appendix A.   (3) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods.               SYMANTEC CORPORATION Revenue and Deferred Revenue Detail (Dollars in millions, unaudited)         Three Months Ended January 2, 2015 December 27, 2013 GAAP Revenue         Content, subscription, and maintenance $ 1,412 $ 1,508 License     226       197   Total Revenue   $ 1,638     $ 1,705   GAAP Revenue - Y/Y Growth Rate         Content, subscription, and maintenance -6 % -1 % License     15 %     -27 % Total Y/Y Growth Rate     -4 %     -5 % GAAP Revenue - Y/Y Growth Rate in Constant Currency (1)         Content, subscription, and maintenance -3 % 0 % License     20 %     -27 % Total Y/Y Growth Rate in Constant Currency (1)     0 %     -4 % GAAP Revenue by Segment (2)         Consumer Security $ 461 $ 517 Enterprise Security 509 528 Information Management     668       660   GAAP Revenue by Segment - Y/Y Growth Rate (2)         Consumer Security -11 % -2 % Enterprise Security -4 % -5 % Information Management     1 %     -6 % GAAP Revenue by Segment - Y/Y Growth Rate in Constant Currency (1) (2)         Consumer Security -7 % -2 % Enterprise Security 0 % -4 % Information Management     5 %     -7 % GAAP Revenue by Geography         International $ 830 $ 904 U.S. 808 801 Americas (U.S., Latin America, Canada) 907 914 EMEA 464 494 Asia Pacific & Japan     267       297   GAAP Revenue by Geography - Y/Y Growth Rate         International -8 % -4 % U.S. 1 % -6 % Americas (U.S., Latin America, Canada) -1 % -4 % EMEA -6 % -1 % Asia Pacific & Japan     -10 %     -12 % GAAP Revenue by Geography - Y/Y Growth Rate in Constant Currency (1)         International -1 % -3 % U.S. 1 % -6 % Americas (U.S., Latin America, Canada) -1 % -4 % EMEA 2 % -5 % Asia Pacific & Japan     -3 %     -4 %           GAAP Deferred Revenue   $ 3,494     $ 3,654   GAAP Deferred Revenue - Y/Y Growth Rate     -4 %     -6 % GAAP Deferred Revenue - Y/Y Growth Rate in Constant Currency (1)     1 %     -5 %   (1) Management refers to growth rates adjusting for currency so that the business results can subsist viewed without the impact of fluctuations in foreign currency exchange rates. They compare the percentage change in the results from one age to another age in order to provide a framework for assessing how their underlying businesses performed. To exclude the effects of foreign currency rate fluctuations, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods (or, in the case of deferred revenue, converted into United States dollars at the actual exchange rate in effect at the conclude of the prior period).   (2) This presentation includes revised amounts from a change in segment reporting. please note Appendix A for more details.               SYMANTEC CORPORATION Operating Margin by Segment Detail (1) (2) (3) (Dollars in millions, unaudited)       Three Months Ended January 2, December 27,     2015   2013 Operating Income by Segment         Consumer Security $ 245 $ 224 Enterprise Security 85 107 Information Management     168       178   Total Operating Income by Segment     498       509   Reconciling Items: Stock-based compensation 51 34 Amortization of intangible assets 39 41 Restructuring, separation, and transition     81       29   Total Consolidated Operating Income   $ 327     $ 405             Operating Margin by Segment         Consumer Security 53 % 43 % Enterprise Security 17 % 20 % Information Management     25 %     27 %   (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Appendix A.   (2) Non-GAAP measures for fiscal 2015 believe been revised to reflect a change in methodology that reduces the number of adjustments to GAAP measures. For a minute explanation of this change in methodology, please note “Change in non-GAAP methodology” in Appendix A.   (3) This presentation includes revised amounts from a change in segment reporting. please note Appendix A for more details.                   SYMANTEC CORPORATION Guidance and Reconciliation of GAAP to Non-GAAP Operating Margin and Earnings Per participate (1) (2) (Dollars in millions, except per participate data, unaudited)               Fiscal Year 2015 Revenue Guidance   Year Ended April 3, 2015   Year-Over-Year Growth Rate (3) (4) Range Actual   Constant Currency (5)   Revenue range $6,515 - $6,575 (2.8)% - (1.9)% (0.8)% - 0.2%               Year Ended April 3, 2015 Year-Over-Year increase (3) Operating Margin Guidance and Reconciliation Range Actual Constant Currency (5)   GAAP operating margin

    18.8% - 19.0%

    110 bps - 130 bps

    198 bps - 221 bps

    Add back: Stock-based compensation 3.0% Other non-GAAP adjustments 5.7%     Non-GAAP operating margin

    27.5% - 27.7%

    10 bps - 30 bps

    85 bps - 109 bps

                  Year Ended April 3, 2015 Year-Over-Year Growth Rate (3) Earnings Per participate Guidance and Reconciliation Range Actual   GAAP diluted earnings per participate range $1.23 - $1.26 (3.9)% - (1.6)% Add back: Stock-based compensation, net of taxes $0.21 Other non-GAAP adjustments, net of taxes $0.43   Non-GAAP diluted earnings per participate range $1.87 - $1.90 (4.1)% - (2.6)%               Fourth Quarter Fiscal Year 2015 Revenue Guidance Three Months Ended April 3, 2015 Year-Over-Year Growth Rate (4) Range Actual Constant Currency (5)   Revenue range $1,525 - $1,585 (7.6)% - (3.9)% (2.2)% - 1.7%               Three Months Ended April 3, 2015 Year-Over-Year increase (Decrease) Operating Margin Guidance and Reconciliation Range Actual Constant Currency (5)   GAAP operating margin

    14.9% - 15.9%

    (390) bps - (290) bps

    (110) bps - (8) bps

    Add back: Stock-based compensation 3.6% Other non-GAAP adjustments 8.0%     Non-GAAP operating margin

    26.5% - 27.5%

    (70) bps - 30 bps

    153 bps - 249 bps

                  Three Months Ended April 3, 2015 Year-Over-Year Growth Rate Earnings Per participate Guidance and Reconciliation Range Actual   GAAP diluted earnings per participate range $0.22 - $0.25 (29.0)% - (19.4)% Add back: Stock-based compensation, net of taxes $0.06 Other non-GAAP adjustments, net of taxes $0.14   Non-GAAP diluted earnings per participate range   $0.42 - $0.45   (12.5)% - (6.2)%   (1) This presentation includes non-GAAP measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP. For a minute explanation of these non-GAAP measures, please note Appendix A.   (2) Non-GAAP measures for fiscal 2015 believe been revised to reflect a change in methodology that reduces the number of adjustments to GAAP measures. For a minute explanation of this change in methodology, please note “Change in non-GAAP methodology” in Appendix A.   (3) They believe a 52/53-week fiscal accounting year. The fiscal year ended April 3, 2015 consists of 53 weeks, whereas the fiscal year ended March 28, 2014 consisted of 52 weeks.   (4) Growth rates are calculated using fiscal year 2014 non-GAAP revenue.   (5) Management refers to growth rates adjusting for currency fluctuations in foreign currency exchange rates so that the business results can subsist viewed without the impact of these fluctuations. They compare the percent change of the results from one age to another age in order to provide a consistent framework for assessing how their underlying businesses performed. To exclude the effects of foreign currency rate fluctuations, current and comparative prior age results for entities reporting in currencies other than United States dollars are converted into United States dollars at the actual exchange rates in effect during the respective prior periods.  

    SYMANTEC CORPORATIONExplanation of Non-GAAP Measures and Other ItemsAppendix A

    Segment Reporting: In fiscal 2015, they are focused on managing their businesses as a portfolio and optimizing certain businesses for margin or growth. As a result, they formed a novel consumer group and they consolidated their enterprise security businesses into a segment. They modified their segment reporting structure to match their operating structure in the second quarter of fiscal 2015. The historical periods presented believe been adjusted to reflect the novel reporting structure, which is now:

    • Consumer Security• Enterprise Security• Information Management

    Consumer Security consists of their consumer security businesses that were previously reported in User Productivity & Protection. Enterprise Security consists of their enterprise security businesses that were previously reported in User Productivity & Protection and Information Security. There were no changes to the Information Management segment.

    Objective of non-GAAP measures: They believe their presentation of non-GAAP pecuniary measures, when taken together with corresponding GAAP pecuniary measures, provides meaningful supplemental information regarding the Company’s operating performance for the reasons discussed below. Their management team uses these non-GAAP pecuniary measures in assessing the Company’s operating results, as well as when planning, forecasting and analyzing future periods. They believe that these non-GAAP pecuniary measures also facilitate comparisons of the Company’s performance to prior periods and to their peers and that investors benefit from an understanding of the non-GAAP pecuniary measures. Non-GAAP pecuniary measures are supplemental and should not subsist considered a substitute for pecuniary information presented in accordance with GAAP.

    Change in non-GAAP methodology: From time to time, the Company performs a comprehensive review of its non-GAAP pecuniary measures. efficacious in the first quarter of fiscal 2015, non-GAAP pecuniary measures are adjusted for the following items: stock-based compensation expense; charges related to the amortization of intangible assets; certain other income and expense items that management considers unrelated to the Company’s core operations; and the associated income tax effects of the adjustments. By limiting the number and nature of adjustments, their management team believes this supplemental information will provide more meaningful insight into the performance of the Company’s core business and enhance investors’ aptitude to compare the Company’s performance to its peers. The adoption of the change in methodology has been applied retrospectively to prior periods to facilitate comparability across periods.

    Stock-based compensation: Consists of expenses for employee stock options, restricted stock units, restricted stock awards, performance based awards and their employee stock purchase arrangement determined in accordance with the authoritative guidance on stock-based compensation. When evaluating the performance of their individual business units and developing short- and long-term plans, they enact not account stock-based compensation charges. Their management team is held accountable for cash-based compensation, but they believe that management is limited in its aptitude to project the impact of stock-based compensation and accordingly is not held accountable for its impact on their operating results. Although stock-based compensation is necessary to attract and retain trait employees, their consideration of stock-based compensation places its primary accent on overall shareholder dilution rather than the accounting charges associated with such grants. In addition, for comparability purposes, they believe it is useful to provide a non-GAAP pecuniary measure that excludes stock-based compensation in order to better understand the long-term performance of their core business and to facilitate the comparison of their results to the results of their peer companies. Furthermore, unlike cash-based compensation, the value of stock-based compensation is determined using complex formulas that incorporate factors, such as market volatility, that are beyond their control.

                    Three Months Ended January 2,   December 27, 2015 2013 Cost of revenue $ 6 $ 5 Sales and marketing 20 15 Research and development 17 9 General and administrative 8 5 Total stock-based compensation $ 51 $ 34  

    Amortization of intangible assets: When conducting internal development of intangible assets, accounting rules require that they expense the costs as incurred. In the case of acquired businesses, however, they are required to commandeer a portion of the purchase charge to the accounting value assigned to intangible assets acquired and amortize this amount over the estimated useful lives of the acquired intangible assets. The acquired company, in most cases, has itself previously expensed the costs incurred to develop the acquired intangible assets, and the purchase charge allocated to these assets is not necessarily reflective of the cost they would incur in developing the intangible asset. They eliminate these amortization charges from their non-GAAP operating results to provide better comparability of pre- and post-acquisition operating results and comparability to results of businesses utilizing internally developed intangible assets.

    Restructuring, separation, and transition: They believe engaged in various restructuring, separation, and transition activities over the past several years that believe resulted in costs associated with severance, facilities, transition, and other related costs. Separation and other related costs consist of consulting and disentanglement costs incurred to split the Company into two, independent publicly traded companies, as well as costs to prune selected product lines that enact not apt either the Company’s growth or margin objectives. Transition and other related costs consist of consulting charges associated with the implementation of novel Enterprise Resource Planning systems. Each restructuring, separation, and transition activity has been a discrete event based on a unique set of business objectives or circumstances, and each has differed from the others in terms of its operational implementation, business impact and scope. They enact not engage in restructuring, separation, or transition activities in the ordinary course of business. While their operations previously benefited from the employees and facilities covered by their various restructuring and separation charges, these employees and facilities believe benefited different parts of their business in different ways, and the amount of these charges has varied significantly from age to period. They believe that it is notable to understand these charges and they believe that investors benefit from excluding these charges from their operating results to facilitate a more meaningful evaluation of current operating performance and comparisons to past operating performance.



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    Operations & Process Management: Principles & Practice for Strategic ImpactOperations & Process Management: Principles & Practice for Strategic Impact
    By Nigel Slack, Alistair Jones
    Publisher : Pearson (Feb 2018)
    ISBN10 : 129217613X
    ISBN13 : 9781292176130
    Our ISBN10 : 129217613X
    Our ISBN13 : 9781292176130
    Subject : Business & Economics
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    Computer Security: Principles and PracticeComputer Security: Principles and Practice
    By William Stallings, Lawrie Brown
    Publisher : Pearson (Aug 2017)
    ISBN10 : 0134794109
    ISBN13 : 9780134794105
    Our ISBN10 : 1292220619
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    Subject : Computer Science & Technology
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    Urban EconomicsUrban Economics
    By Arthur O’Sullivan
    Publisher : McGraw-Hill (Jan 2018)
    ISBN10 : 126046542X
    ISBN13 : 9781260465426
    Our ISBN10 : 1260084493
    Our ISBN13 : 9781260084498
    Subject : Business & Economics
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    Urban EconomicsUrban Economics
    By Arthur O’Sullivan
    Publisher : McGraw-Hill (Jan 2018)
    ISBN10 : 0078021782
    ISBN13 : 9780078021787
    Our ISBN10 : 1260084493
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    Understanding BusinessUnderstanding Business
    By William G Nickels, James McHugh, Susan McHugh
    Publisher : McGraw-Hill (Feb 2018)
    ISBN10 : 126021110X
    ISBN13 : 9781260211108
    Our ISBN10 : 126009233X
    Our ISBN13 : 9781260092332
    Subject : Business & Economics
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    Understanding BusinessUnderstanding Business
    By William Nickels, James McHugh, Susan McHugh
    Publisher : McGraw-Hill (May 2018)
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    Our ISBN10 : 126009233X
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    Understanding BusinessUnderstanding Business
    By William Nickels, James McHugh, Susan McHugh
    Publisher : McGraw-Hill (Jan 2018)
    ISBN10 : 1260277143
    ISBN13 : 9781260277142
    Our ISBN10 : 126009233X
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    Understanding BusinessUnderstanding Business
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    Publisher : McGraw-Hill (Jan 2018)
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    Our ISBN10 : 126009233X
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    Subject : Business & Economics
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    Business Communication: Developing Leaders for a Networked WorldBusiness Communication: Developing Leaders for a Networked World
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    Publisher : McGraw-Hill (Jan 2017)
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    Subject : Business & Economics, Communication & Media
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    Business Communication: Developing Leaders for a Networked WorldBusiness Communication: Developing Leaders for a Networked World
    By Peter Cardon
    Publisher : McGraw-Hill (Feb 2017)
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    Subject : Business & Economics, Communication & Media
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