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Test Number : C4090-452
Test name : IBM Storwize V7000 Technical Solutions V2
Vendor name : IBM
braindumps : 56 Dumps Questions

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IBM Storwize V7000 Technical Solutions V2 book

Riverbed reports list Fourth Quarter and fiscal yr 2013 consequences | C4090-452 Dumps and actual test Questions with VCE practice Test

SAN FRANCISCO, Jan 30, 2014 (enterprise WIRE) -- Riverbed expertise RVBD, the chief in application efficiency infrastructure, these days pronounced listing profits for its fourth quarter (q4'13) and pecuniary 12 months ended December 31, 2013 (FY’13).

total GAAP profits for this autumn’13 became $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 year 2012 (q4’12). For FY’13, GAAP revenue turned into $1.0 billion, up 24% in comparison to fiscal 12 months ended December 31, 2012 (FY’12). GAAP web income for q4’13 changed into $eight million, or $0.05 per diluted share. This compares to $four million, or $0.02 per diluted share, in Q3’13 and $5 million, or $0.03 per diluted share, in this fall’12. GAAP web loss for FY’13 turned into $12 million, or ($0.08) per diluted share.

Non-GAAP earnings for q4'13 became $285 million, an enlarge of 7% in comparison to Q3'13 and an enlarge of 19% in comparison to this fall'12. Non-GAAP revenue for FY’13 was $1.1 billion, a ascend of 26% compared to FY’12. Non-GAAP net earnings for this autumn'13 become $fifty one million, or $0.31 per diluted share. This compares to $forty three million, or $0.26 per diluted share, in Q3'13 and $forty six million, or $0.29 per diluted share, in this fall'12. Non-GAAP web profits for FY’13 become $169 million, or $1.01 per diluted share.

“Riverbed is executing smartly on a methodology to create sustained growth for their company, strategic charge for their shoppers, and profitable returns for their shareholders,” celebrated Jerry M. Kennelly, chairman and CEO, Riverbed. “Our effectual 2013 finish demonstrates progress throughout their primary product traces and any geographies, and power in enterprise earnings. For the total year we're reporting more than $1 billion in profits, an valuable milestone within the company’s historical past, and a very tractable foundation from which they can pressure their subsequent leg of increase.”

Kennelly persevered, “As clients more and more undertake the complete breadth of the Riverbed software efficiency Platform to achieve the merits of place-impartial computing and score rid of technical constraints from their trade operations, they predict to enhance their partake of the $11 billion software efficiency infrastructure market.”

this autumn’13 and FY’13 monetary Highlights

  • q4’13 non-GAAP income grew 7% sequentially and 19% year-over-year to $285 million
  • FY’13 non-GAAP profits grew 26% to $1.1 billion
  • this fall’13 non-GAAP extreme margin of seventy nine.9%
  • this fall’13 non-GAAP operating margin of 25.eight%
  • this autumn’13 free money movement of $82 million; FY’13 free money stream of $192 million
  • Repurchased $seventy five million in shares in this autumn’13; repurchased $200 million in shares in FY’13
  • this fall’13 enterprise Highlights

  • Unveiled the enterprise’s vision and multi-product platform strategy to expand inside the $11 billion software performance Infrastructure market
  • Named one of the vital properly 20 most advantageous areas to toil within the Glassdoor personnel' option Awards for the 2d consecutive year. Riverbed additionally ranked within the excellent 10 premier areas to toil in the know-how industry.
  • Ranked as probably the most fastest turning out to live corporations in North the united states on Deloitte's 2013 technology quick 500™.
  • identified in the leaders quadrant of the Gartner Magic Quadrant for “software performance Monitoring” for the third consecutive time (posted in December 2013).
  • positioned by using Gartner as the simplest dealer in the Visionaries Quadrant of the 2013 "Magic Quadrant for software delivery Controllers (ADC)" authored by means of stamp Fabbi, Neil Rickard, Bjarne Munch and Andrew Lerner, and posted in October 2013.
  • Awarded InfoWorld know-how of the 12 months Awards for its Riverbed Granite® offshoot converged infrastructure and Steelhead® great belt network (WAN) optimization solutions. Granite obtained the InfoWorld technology of the yr Award focus for the second consecutive 12 months and Steelhead has gained eight consecutive times.
  • Launched established availability of Riverbed Granite 2.6, with new features that sheperd greater branches, larger facts sets (with 2x greater means models), and additional commercial enterprise-category storage solutions, including IBM Storwize® V7000.
  • introduced a separate integrated WAN Optimization and performance administration retort that brings collectively the Riverbed Steelhead WAN optimization product family and Riverbed Cascade® community efficiency management (NPM) product household to convey application acceleration any status while bettering end-user journey and visibility.
  • released Riverbed Stingray™ site visitors supervisor 9.5, a plenary performance utility and digital Layer 7 software ascend controller (ADC) that makes it viable for enterprises and cloud operators to create, manage, and carry key features more privilege now, extra flexibly, and at a lessen cost.
  • introduced crucial improvements to the Riverbed accomplice program that allows you to simplify procedures, practising and competency certification to assist partners capitalize on new market potentialities and hasten up their increase. the new software reinforces that Riverbed is dedicated to the channel with accelerated investment and heart of attention on its companions’ go-to-market efforts.
  • conference call

    Riverbed will host a conference summon these days, January 30, at 1:30 p.m. Pacific Time (four:30 p.m. eastern Time) to debate its fourth quarter and fiscal yr 2013 outcomes and outlook for the primary quarter of 2014. The summon could live broadcast reside over the cyber web at http://www.riverbed.com/investors and a replay of the webcast will even live purchasable for one year.

    Use of Non-GAAP pecuniary counsel

    To complement their economic effects introduced in response to often approved Accounting principles (GAAP), this press liberate and the accompanying tables comprise inevitable non-GAAP fiscal measures, including non-GAAP profits, non-GAAP extreme margin, non-GAAP operating margin, non-GAAP net profits and non-GAAP internet revenue per share, which they respect are positive in knowing their past economic performance and future consequences. For reconciliations of these non-GAAP pecuniary measures to probably the most without detain comparable GAAP monetary measures, gladden contemplate the section of the accompanying tables titled, "GAAP to Non-GAAP Reconciliations." Their non-GAAP pecuniary measures aren't supposititious to live regarded in isolation or as a substitute for comparable GAAP measures and will live read along with their consolidated economic statements prepared in line with GAAP. Their administration constantly makes disburse of their supplemental non-GAAP fiscal measures internally to respect and control their enterprise and forecast future intervals; as such, they accord with it's profitable for buyers to Have in intelligence the outcomes of those objects on their total working fees. Their non-GAAP pecuniary measures encompass alterations based on the following gadgets, as well because the connected profits tax results, adjustments involving their tax valuation allowance and the meantime tax cost of the one-time transfer of highbrow property rights between Riverbed criminal entities:

    help and functions deferred income: enterprise aggregate accounting rules require us to account for the reasonable value of back and service contracts assumed in reference to their acquisitions. The ebook value of the acquisition deferred back and services earnings related to OPNET become reduced through $19 million within the adjustment to reasonable value. as a result of these are customarily one to five 12 months contracts, their GAAP revenues for the durations subsequent to the acquisition of a trade don't reflect the complete amount of carrier revenues on assumed sheperd contracts that would Have otherwise been recorded by the got entity. The non-GAAP adjustment is meant to replicate the complete quantity of such revenues. They respect this adjustment is constructive to traders as a measure of the ongoing efficiency of their enterprise because they now Have traditionally skilled elevated renewal prices on advocate contracts, despite the fact they cannot live positive that valued clientele will renew these contracts.

    stock and charge of product salary: enterprise amalgam accounting suggestions require us to account for the unprejudiced charge of inventory acquired in reference to their acquisitions. The reasonable cost of inventory is estimated as the selling charge minus the estimated cost to sell. in the length subsequent to the acquisition, the cost of product income comprises the greater unprejudiced charge of the received stock.

    stock-primarily based compensation expenses: they Have excluded the impact of stock-primarily based compensation and linked payroll tax costs from their non-GAAP working prices and web salary measures. however stock-based compensation is a key incentive offered to their personnel, they proceed to evaluate their trade performance apart from stock-primarily based compensation expenses. stock-based compensation fees will recur in future intervals.

    Amortization of intangible assets: we've excluded the upshot of amortization of intangible property from their non-GAAP web salary. Amortization of intangible assets is a non-cash expense, and it is not a allotment of their core operations. investors should keep that using intangible assets contributed to revenues earned privilege through the periods offered and will contribute to future length revenues as smartly.

    Acquisition related prices: They incur huge costs in reference to their acquisitions. Acquisition connected expenses embrace transaction expenses, costs for transitional personnel, different received employee related retention costs, facilities consolidation and exit prices, integration connected professional services, alterations to the unprejudiced value of the acquisition linked contingent consideration, the write-down of inevitable received in-progress research and construction intangibles, and overseas alternate losses on the acquisition connected contingent consideration.

    different costs: those costs they might no longer in any other case Have incurred within the periods offered as allotment of their ongoing prices.

    during this quarter, different expenses covered:

    Debt refinancing costs - In December 2012 they incurred inevitable prices associated with their term loan financing that were diagnosed originally as a deferred saturate and had been to live amortized to hobby charge over the time period of the loan. Upon refinancing the debt within the fourth quarter of 2013, approximately $12.three million of these deferred costs Have been recognized as different expense web in the remark of operations. They believe that this one-time, non-recurring, accounting can saturate isn't consultant of their ongoing working exercise.

    working lease no longer in provider - They entered into an working hire on a brand new corporate headquarters in San Francisco. The hire accounting guidelines require that appoint fee inaugurate on a straightline foundation ascend in the duration that they now Have the commandeer to access the new facility. They received the remedy to entry the power in November 2013 to start developing their leasehold improvements. They way to occupy the new facility within the 2nd quarter of 2014. They accept as heartfelt with that the duplicate employ of the brand new facility during the building length is not consultant of the continuing operating prices of the enterprise.

    Non-activities corporate governance and shareholder matters - ascend within the fourth quarter of 2013, they any started incurring knowledgeable carrier fees regarding non-movements company governance and shareholder concerns. They respect these charges don't look to live consultant of the continuing operating charges of the enterprise.

    forward looking Statements

    This press release includes forward-looking statements, together with statements relating to their company strategy and growth, adoption of their platform, and market share. These forward-looking statements involve dangers and uncertainties, as well as assumptions that, if they don't thoroughly materialize or demonstrate mistaken, could intuition their consequences to disagree materially from those expressed or implied with the aid of such forward-searching statements. The hazards and uncertainties that could trigger their consequences to disagree materially from those expressed or implied with the aid of such forward-searching statements embrace their capacity to react to developments and challenges in their enterprise and the markets by which they operate; their capacity to weigh on market needs or enhance new or better items to fulfill these wants; the adoption fee of their items; their capability to set up and advocate a hit relationships with their distribution companions; their skill to compete in their business; fluctuations well known, earnings cycles and costs for their products and services; shortages or rate fluctuations in their provide chain; their potential to present protection to their intellectual property rights; conventional political, economic and market circumstances and movements; and other risks and uncertainties described extra fully in their files filed with or furnished to the Securities and change commission. more assistance about these and other hazards that may additionally strike Riverbed's company are set forth in their benevolent 10-ok filed with the SEC for the period ended December 31, 2012, and their subsequent quarterly reviews filed with the SEC. any ahead-looking statements in this press free up are according to counsel attainable to us as of the date hereof, and they weigh on no duty to update these ahead-searching statements. Any future product, characteristic or connected specification that can live referenced during this unencumber are for counsel purposes simplest and are not commitments to convey any expertise or enhancement. Riverbed reserves the commandeer to regulate future product plans at any time.

    About Riverbed

    Riverbed is the leader in application performance Infrastructure, delivering essentially the most comprehensive platform for area-unbiased Computing. region-impartial Computing turns status and distance privilege into a competitive competencies through enabling IT to Have the pliability to host applications and data within the most most desirable places whereas ensuring purposes role as anticipated, information is always obtainable when vital, and performance concerns are detected and fixed earlier than conclusion users note. Riverbed's 25,000 purchasers consist of 97% of the Fortune one hundred and 95% of the Forbes global one hundred. learn more at www.riverbed.com.

    Riverbed and any Riverbed product or carrier name or logo used herein are trademarks of Riverbed technology, Inc. All other trademarks used herein belong to their respective house owners.

    source: Riverbed technology, Inc.

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

    Copyright trade Wire 2014


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