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Test Number : C4090-452
Test Name : IBM Storwize V7000 Technical Solutions V2
Vendor Name : IBM
Q&A : 56 Dumps Questions

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IBM Storwize V7000 Technical Solutions V2 book

Riverbed reports listing Fourth Quarter and fiscal yr 2013 consequences | C4090-452 Dumps and Real exam Questions with VCE Practice Test

SAN FRANCISCO, Jan 30, 2014 (enterprise WIRE) -- Riverbed know-how RVBD the leader in utility performance infrastructure, today said record earnings for its fourth quarter (this autumn'13) and monetary year ended December 31, 2013 (FY’13).

total GAAP income for this fall’13 was $283 million, up 8% in comparison to the third quarter of fiscal 12 months 2013 (Q3’13) and 19% compared to the fourth quarter of fiscal 12 months 2012 (this autumn’12). For FY’13, GAAP revenue changed into $1.0 billion, up 24% compared to fiscal yr ended December 31, 2012 (FY’12). GAAP internet profits for this fall’13 turned into $8 million, or $0.05 per diluted share. This compares to $4 million, or $0.02 per diluted share, in Q3’13 and $5 million, or $0.03 per diluted share, in this autumn’12. GAAP internet loss for FY’13 became $12 million, or ($0.08) per diluted share.

Non-GAAP salary for this fall'13 became $285 million, an increase of seven% compared to Q3'13 and an increase of 19% compared to q4'12. Non-GAAP salary for FY’13 turned into $1.1 billion, an increase of 26% compared to FY’12. Non-GAAP internet salary for this fall'13 was $51 million, or $0.31 per diluted share. This compares to $forty three million, or $0.26 per diluted share, in Q3'13 and $46 million, or $0.29 per diluted share, in this fall'12. Non-GAAP internet revenue for FY’13 become $169 million, or $1.01 per diluted share.

“Riverbed is executing well on a strategy to create sustained growth for their company, strategic value for their valued clientele, and profitable returns for their shareholders,” said Jerry M. Kennelly, chairman and CEO, Riverbed. “Our strong 2013 finish demonstrates development across their essential product strains and all geographies, and strength in commercial enterprise earnings. For the full year they are reporting greater than $1 billion in revenue, a vital milestone in the business’s history, and a great base from which they can drive their next leg of boom.”

Kennelly endured, “As valued clientele more and more adopt the whole breadth of the Riverbed software performance Platform to obtain the benefits of place-unbiased computing and get rid of technical constraints from their company operations, they predict to enhance their share of the $eleven billion utility efficiency infrastructure market.”

q4’13 and FY’13 monetary Highlights

  • q4’13 non-GAAP profits grew 7% sequentially and 19% 12 months-over-12 months to $285 million
  • FY’13 non-GAAP profits grew 26% to $1.1 billion
  • q4’13 non-GAAP gross margin of 79.9%
  • q4’13 non-GAAP operating margin of 25.eight%
  • this autumn’13 free money move of $eighty two million; FY’13 free cash move of $192 million
  • Repurchased $75 million in shares in q4’13; repurchased $200 million in shares in FY’13
  • this autumn’13 company Highlights

  • Unveiled the company’s imaginative and prescient and multi-product platform method to extend inside the $11 billion software efficiency Infrastructure market
  • Named one of the most properly 20 surest locations to Work within the Glassdoor employees' alternative Awards for the 2d consecutive yr. Riverbed additionally ranked in the good 10 finest areas to work within the expertise industry.
  • Ranked as one of the most fastest turning out to be businesses in North the us on Deloitte's 2013 technology quick 500™.
  • diagnosed within the leaders quadrant of the Gartner Magic Quadrant for “utility efficiency Monitoring” for the third consecutive time (posted in December 2013).
  • located via Gartner because the simplest dealer in the Visionaries Quadrant of the 2013 "Magic Quadrant for software birth Controllers (ADC)" authored via Mark Fabbi, Neil Rickard, Bjarne Munch and Andrew Lerner, and published in October 2013.
  • Awarded InfoWorld expertise of the 12 months Awards for its Riverbed Granite® branch converged infrastructure and Steelhead® broad enviornment network (WAN) optimization solutions. Granite obtained the InfoWorld know-how of the 12 months Award cognizance for the 2d consecutive 12 months and Steelhead has won eight consecutive instances.
  • Launched everyday availability of Riverbed Granite 2.6, with new facets that guide more branches, bigger statistics sets (with 2x better capacity models), and extra commercial enterprise-classification storage solutions, including IBM Storwize® V7000.
  • delivered a single built-in WAN Optimization and performance management answer that brings together the Riverbed Steelhead WAN optimization product family and Riverbed Cascade® network performance administration (NPM) product family unit to carry software acceleration any place while improving conclusion-person event and visibility.
  • released Riverbed Stingray™ traffic manager 9.5, a full efficiency software and digital Layer 7 utility beginning controller (ADC) that allows agencies and cloud operators to create, manage, and carry key capabilities extra straight away, more flexibly, and at a lessen can charge.
  • announced important advancements to the Riverbed accomplice application as a way to simplify methods, practising and competency certification to aid partners capitalize on new market prospects and accelerate their boom. the new application reinforces that Riverbed is dedicated to the channel with expanded funding and focus on its partners’ go-to-market efforts.
  • convention call

    Riverbed will host a convention call nowadays, January 30, at 1:30 p.m. Pacific Time (4:30 p.m. japanese Time) to talk about its fourth quarter and financial yr 2013 effects and outlook for the first quarter of 2014. The name can be broadcast reside over the information superhighway at http://www.riverbed.com/investors and a replay of the webcast will even be available for 12 months.

    Use of Non-GAAP economic information

    To supplement their monetary consequences presented in response to commonly authorised Accounting principles (GAAP), this press release and the accompanying tables comprise certain non-GAAP economic measures, together with non-GAAP income, non-GAAP gross margin, non-GAAP working margin, non-GAAP internet earnings and non-GAAP net profits per share, which they consider are valuable in knowing their previous fiscal efficiency and future outcomes. For reconciliations of those non-GAAP economic measures to the most at once similar GAAP monetary measures, please see the part of the accompanying tables titled, "GAAP to Non-GAAP Reconciliations." Their non-GAAP economic measures aren't intended to be considered in isolation or as an alternative to similar GAAP measures and will be study at the side of their consolidated monetary statements prepared according to GAAP. Their management continually uses their supplemental non-GAAP monetary measures internally to take into account and control their company and forecast future periods; as such, they trust it's constructive for traders to consider the outcomes of these objects on their total operating costs. Their non-GAAP financial measures encompass changes based on here items, as well as the connected revenue tax results, alterations related to their tax valuation allowance and the interim tax can charge of the one-time transfer of intellectual property rights between Riverbed prison entities:

    guide and capabilities deferred revenue: business mixture accounting rules require us to account for the fair price of aid and service contracts assumed in reference to their acquisitions. The book value of the acquisition deferred help and functions earnings involving OPNET became decreased by using $19 million in the adjustment to fair price. because these are typically one to five year contracts, their GAAP revenues for the durations subsequent to the acquisition of a business don't reflect the whole amount of carrier revenues on assumed help contracts that would have otherwise been recorded through the acquired entity. The non-GAAP adjustment is meant to reflect the whole volume of such revenues. They believe this adjustment is useful to buyers as a measure of the continued performance of their enterprise as a result of they now have traditionally experienced high renewal charges on assist contracts, besides the fact that children they cannot be sure that shoppers will renew these contracts.

    inventory and value of product profits: enterprise aggregate accounting suggestions require us to account for the reasonable cost of inventory got in connection with their acquisitions. The reasonable cost of inventory is estimated because the selling fee minus the estimated cost to sell. in the length subsequent to the acquisition, the can charge of product income comprises the larger reasonable price of the received inventory.

    stock-primarily based compensation costs: we've excluded the impact of stock-primarily based compensation and connected payroll tax costs from their non-GAAP operating expenses and net profits measures. youngsters stock-based compensation is a key incentive offered to their employees, they continue to evaluate their business performance excluding stock-primarily based compensation costs. inventory-based mostly compensation fees will recur in future durations.

    Amortization of intangible assets: they have excluded the effect of amortization of intangible belongings from their non-GAAP net income. Amortization of intangible property is a non-cash fee, and it is not a part of their core operations. traders may still observe that the use of intangible assets contributed to revenues earned all over the periods introduced and will make a contribution to future period revenues as smartly.

    Acquisition connected fees: They incur colossal fees in connection with their acquisitions. Acquisition related costs include transaction costs, prices for transitional personnel, different acquired worker related retention expenses, amenities consolidation and exit fees, integration linked expert functions, alterations to the reasonable cost of the acquisition connected contingent consideration, the write-down of certain acquired in-development analysis and building intangibles, and foreign exchange losses on the acquisition related contingent consideration.

    different charges: these prices they would now not in any other case have incurred in the durations offered as part of their ongoing charges.

    during this quarter, other costs blanketed:

    Debt refinancing costs - In December 2012 they incurred certain fees linked to their time period personal loan financing that have been diagnosed in the beginning as a deferred charge and were to be amortized to activity fee over the term of the mortgage. Upon refinancing the debt within the fourth quarter of 2013, about $12.3 million of those deferred costs were diagnosed as different fee internet in the commentary of operations. They consider that this one-time, non-ordinary, accounting can charge isn't representative of their ongoing working undertaking.

    operating lease no longer in provider - They entered into an working hire on a new corporate headquarters in San Francisco. The lease accounting rules require that rent rate begin on a straightline groundwork starting within the length that we've the correct to access the brand new facility. They received the correct to access the power in November 2013 to start developing their leasehold improvements. They plan to occupy the new facility within the second quarter of 2014. They believe that the reproduction employ of the brand new facility throughout the development period isn't consultant of the continuing working costs of the company.

    Non-pursuits corporate governance and shareholder matters - beginning in the fourth quarter of 2013, they started incurring professional carrier prices involving non-events corporate governance and shareholder matters. They consider these prices aren't consultant of the continuing operating expenses of the enterprise.

    ahead searching Statements

    This press unlock carries ahead-looking statements, including statements regarding their business approach and growth, adoption of their platform, and market share. These forward-looking statements involve dangers and uncertainties, in addition to assumptions that, in the event that they don't utterly materialize or prove improper, may cause their effects to differ materially from those expressed or implied by way of such forward-searching statements. The dangers and uncertainties that might trigger their effects to vary materially from these expressed or implied by using such ahead-looking statements encompass their capacity to react to tendencies and challenges in their business and the markets by which they operate; their potential to assume market needs or increase new or enhanced products to fulfill these needs; the adoption price of their products; their skill to set up and hold a success relationships with their distribution partners; their capacity to compete in their business; fluctuations renowned, sales cycles and prices for their products and services; shortages or price fluctuations in their provide chain; their potential to protect their intellectual property rights; everyday political, financial and market circumstances and hobbies; and other hazards and uncertainties described greater entirely in their files filed with or furnished to the Securities and trade fee. extra tips about these and other dangers that may additionally have an impact on Riverbed's enterprise are set forth in their kind 10-ok filed with the SEC for the duration ended December 31, 2012, and their subsequent quarterly stories filed with the SEC. All forward-looking statements during this press release are in response to information available to us as of the date hereof, and they assume no duty to replace these forward-looking statements. Any future product, function or linked specification that may well be referenced in this free up are for suggestions applications handiest and are not commitments to convey any expertise or enhancement. Riverbed reserves the correct to modify future product plans at any time.

    About Riverbed

    Riverbed is the chief in software efficiency Infrastructure, providing the most finished platform for region-independent Computing. place-impartial Computing turns location and distance right into a aggressive skills through enabling IT to have the flexibility to host applications and data within the most optimum areas whereas ensuring applications operate as anticipated, information is always purchasable when crucial, and efficiency issues are detected and glued before end clients observe. Riverbed's 25,000 purchasers consist of 97% of the Fortune one hundred and 95% of the Forbes world a hundred. study extra at www.riverbed.com.

    Riverbed and any Riverbed product or provider identify or logo used herein are emblems of Riverbed expertise, Inc. All different emblems used herein belong to their respective house owners.

    source: Riverbed expertise, Inc.

    Riverbed TechnologyRenee Lyall, 415-247-6353 (Investor family members)renee.lyall@riverbed.comShawn Dainas, 415-527-4537 (Media)shawn.dainas@riverbed.com

    Copyright business Wire 2014


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