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Orga Systems launches end-to-end Interconnect billing solutionCommunication Service Providers (CSPs) can manage their interconnect business and increase wholesale margins with OS.Interconnect
Paderborn (Germany), 21 May 2012: Orga Systems, a leading provider of convergent real-time charging and billing solutions for telecommunications, has released OS.Interconnect; an end-to-end interconnect billing solution developed to help CSPs manage their interconnect business. Not only does it offer a fully integrated suite of interconnect tools, a ...
Paderborn (Germany), 21 May 2012: Orga Systems, a leading provider of convergent real-time charging and billing solutions for telecommunications, has released OS.Interconnect; an end-to-end interconnect billing solution developed to help CSPs manage their interconnect business. Not only does it offer a fully integrated suite of interconnect management tools, its streamlined billing efficiencies prevent wasted revenues by ensuring every call is captured, rated and invoiced correctly. Using OS.Interconnect, Orga Systems estimated it can help CSPs maximise interconnect margins up to a double digit number.
Expand business, increase efficiency and drive profitability
OS.Interconnect responds to the needs of CSPs by providing a way of managing a multitude of trading partners and a wide range of network technologies. It gives CSPs streamlined control and with Orga Systems’ interconnect technology; calls can be tracked from any network provider and termination point. With OS.Interconnect, CSPs get everything from end-to-end efficiencies, consistent data handling to easy-to-use interfaces and automation of repetitive tasks, reducing the risk of human input errors.
Other OS.Interconnect benefits include:
Orga Systems – #1 choice for real-time charging and billing
Orga Systems’ convergent real-time charging and billing portfolio enables profitable business for Telecommunication Companies, Mobile Finance Institutions, Energy and Telematic Suppliers.
Orga Systems’ products and consulting services are designed for living in a connected world: scalable architecture, outstanding performance, lowest rating latency and consequent customer-centricity ensure reliable access to any kind of next generation mobile services.
Worldwide 40+ customers, serving 400+ M subscribers, rely on Orga Systems and achieve competitive advantages in their industry: reduced OPEX, real time-to-market, short-termed ROI as well as beneficial access to new value chains and revenue streams.
Please visit http://orga-systems.com for more information.
Orga Systems GmbH
Am Hoppenhof 33
33104 Paderborn
For further Information please contact:
Yasmin Yaqub
Marketing Manager PR & Press Global
press@orga-systems.com
http://orga-systems.com
Orga Systems GmbH Yaqub,Yasmin Am Hoppenhof 33 33104 Paderborn http://orga-systems.com press[at]orga-systems.com
Safilo Group: Auslaufen des Lizenzvertrages mit Balenciaga
(ddp direct)DER EYEWEAR LIZENZVERTRAG DER SAFILO GROUP MIT DER MARKE BALENCIAGA WIRD ENDE 2012 NICHT VERLÄNGERT<br /><br />Aufgrund der Fokussierung auf die wachstumsstarken Marken der Gruppe, hat sich die Safilo Group dazu entschlossen, den Lizenzvertrag mit BALENCIAGA mit 31. Dezember 2012 auslaufen zu lassen. Die damit frei werden ...
(ddp direct)DER EYEWEAR LIZENZVERTRAG DER SAFILO GROUP MIT DER MARKE BALENCIAGA WIRD ENDE 2012 NICHT VERLÄNGERT Aufgrund der Fokussierung auf die wachstumsstarken Marken der Gruppe, hat sich die Safilo Group dazu entschlossen, den Lizenzvertrag mit BALENCIAGA mit 31. Dezember 2012 auslaufen zu lassen. Die damit frei werdenden Ressourcen werden zukünftig für gewinnbringendere Brands eingesetzt. Der nun auslaufende Lizenzvertrag beinhaltete Design, Produktion und Vertrieb von Sonnenbrillen und Korrektionsfassungen der Marke BALENCIAGA. TERMINATION OF THE EYEWEAR LICENSE AGREEMENT WITH BALENCIAGA Padua, February 1, 2012 Safilo Group announces that the license agreement for the design, production and distribution of Balenciaga sunglasses and prescription eyewear collections will not be renewed beyond the agreed expiration date of December 31, 2012. Safilo in fact continues to implement the rationalization strategy of its portfolio of licensed brands, focusing resources, investments and know-how only on those brands which are relevant in the eyewear sector or have important growth opportunities. Safilos sales through the Balenciaga license were approximately Euro 3 million in 2011. For further information www.safilo.com Shortlink zu dieser Pressemitteilung: http://shortpr.com/0v86v5 /> Permanentlink zu dieser Pressemitteilung: http://www.themenportal.de/wirtschaft/safilo-group-auslaufen-des-lizenzvertrages-mit-balenciaga-64906
Andrea Leitner Public Relations
Stephanie Gschwandtner
Wollzeile /15 33
1010 Wien
-
E-Mail: stephanie@prleitner.com
Homepage: http://shortpr.com/0v86v5
Telefon: - Andrea Leitner Public Relations Gschwandtner,Stephanie Wollzeile /15 33 1010 Wien http:// stephanie[at]prleitner.com
RAD zeigt auf dem Broadband World Forum eine Network Termination Unit für TDM und EFM über Highspeed-DSL
München, den 20. Oktober 2010: RAD Data Communications ( RAD ) wird auf dem Broadband World Forum eine Zugangslösung vorstellen, die sowohl E1/T1- als auch Carrier Ethernet-Dienste über SHDSL.bis- und VDSL2-Leitungen überträgt. Die Network Termination Unit ( NTU ) LA-210 arbeitet als Gegenstelle zu IP DSLAMs und MSAPs ( Access ...
München, den 20. Oktober 2010: RAD Data Communications ( RAD ) wird auf dem Broadband World Forum eine Zugangslösung vorstellen, die sowohl E1/T1- als auch Carrier Ethernet-Dienste über SHDSL.bis- und VDSL2-Leitungen überträgt. Die Network Termination Unit ( NTU ) LA-210 arbeitet als Gegenstelle zu IP DSLAMs und MSAPs ( Multiservice Access Platforms ) der nächsten Generation. Carrier und Service Provider können Geschäftkunden damit anspruchsvolle Ethernet-Services wie EPL und EVPL anbieten und dabei die neuen Glasfaser-Infrastrukturen ( FTTx ) in Kombination mit Ethernet in the First Mile- ( EFM ) und DSL-Technologien nutzen. Die NTU wird am Kundenstandort installiert und unterstützt Downstream-Zugangsgeschwindigkeiten von bis zu 100 Mbit/s ( 50 Mbit/s Upstream ). LA-210 bietet zudem ausgefeilte Funktionen für das Service-Management, darunter hierarchisches QoS ( Quality of Service ), End-to-End Ethernet OAM und eine weitreichende Überwachung der Service Level Agreements ( SLA ). Nahtlose Migration zur nächsten Generation Das Gerät ist nicht nur in Bezug auf Carrier Ethernet auf dem neuesten Stand der Technik, sondern bietet auch die Möglichkeit, traditionelle TDM-Dienste wie zum Beispiel E1-Mietleitungen zu übertragen. Dabei kommen von RAD entwickelte, standardisierte Pseudowire-Verfahren zum Einsatz. So ist die neue NTU LA-210 mit SAToP- und CESoPSN-Funktionen ausgestattet und bietet einen hoch exakten Taktwiederherstellungsmechanismus speziell für DSL ( NTR- Network Timing Reference ). "Die Pseudowire-Funktionen machen die NTU zur idealen Lösung für Netzbetreiber, da sie damit ihre Legacy-Dienste, etwa die Anbindung herkömmlicher Telefonanlagen, von veralteten Mietleitungen auf moderne, paketvermittelte Netze migrieren können," so Ami Barayev, Product Line Manager LA-210 bei RAD. "Sie können ihre Betriebskosten senken und gleichzeitig die deterministische Dienstegüte bieten, die für Echtzeitanwendungen nötig ist. Die Unterstützung mehrerer Technologiegenerationen in nur einem Gerät führt auch zu geringeren Anschaffungskosten und vereinfacht den Übergang auf NGN", so Barayev weiter. RAD auf dem Broadband World Forum ( Paris, 26. - 28. Oktober 2010 ) http://www.broadbandworldforum.com/ Ein Produktfoto steht zum Download bereit: http://bit.ly/b4hw8w Das 1981 gegründete, privat geführte Unternehmen RAD Data Communications Ltd. ist als Hersteller von hochwertigen Access- und Backhaulsystemen für Daten- und Telekommunikations-Anwendungen anerkannt. Die Daten- und Sprach-Übertragungslösungen sind zugeschnitten auf die Anforderungen von Service-Providern, Telekommunikationsgesellschaften sowie Unternehmen mit eigenen Netzwerken. Die Installationsbasis übersteigt elf Millionen Einheiten. Zum Kundenstamm zählen über 150 Carrier und Netzbetreiber auf der ganzen Welt, darunter AT&T, China Mobile, Deutsche Telekom, France Telecom, Hutchison, Orange, Telekom Austria, TeliaSonera, Telstra, T-Mobile und Verizon. Das Unternehmen ist in bedeutenden Branchenorganisationen wie IETF, IP/MPLS Forum, ITU und MEF aktiv. Die Kunden werden vom Hauptsitz des Unternehmens in Tel Aviv und 22 Niederlassungen sowie mehr als 300 Distributoren in 164 Ländern betreut. Die in Ottobrunn bei München ansässige Niederlassung RAD Data Communications GmbH unterstützt über 1.000 Carrier- und Unternehmenskunden in Deutschland, Österreich sowie der Schweiz. Mehr Informationen unter http://www.rad-data.de oder http://www.rad.com Immer auf dem Laufenden per RSS: http://www.unicat- communications.de/rss_feeds/pressemitteilungen_RAD%20Data%20Communications.xml Twitter: http://twitter.com/raddatacomms Facebook: http://www.facebook.com/pages/RAD-Data-Communications/72479223117 Kontakt: RAD Data Communications GmbH Susan Fiedler Otto-Hahn-Str. 28-30 85521 Ottobrunn-Riemerling +49/89/ 665927-0 info@rad-data.de www.rad-data.de
Pressekontakt: Thomas Konrad unicat communications Alois-Gilg-Weg 7 81373 München Telefon: +49 ( 89 ) 74 34 52-0 EMail: rad@unicat-communications.de Internet: http://www.unicat-communications.de
WISI liefert optische Systeme für Ausbau des Hochleistungsnetzes von Unitymedia
Ausgesuchte Backbone-Strecken im Großraum Frankfurt und Ruhrgebiet für Datenraten bis 10 Gigabit pro Sekunde aufgerüstet " Kunden profitieren von noch mehr Leistung, Bandbreite und innovativen DienstenNiefern, Köln, 29. Oktober 2009 - Die WISI Communications GmbH & Co. KG (WISI) unterstützt mit einer GigE die des des ...
Ausgesuchte Backbone-Strecken im Großraum Frankfurt und Ruhrgebiet für Datenraten bis 10 Gigabit pro Sekunde aufgerüstet " Kunden profitieren von noch mehr Leistung, Bandbreite und innovativen Diensten Niefern, Köln, 29. Oktober 2009 - Die WISI Communications GmbH & Co. KG (WISI) unterstützt mit einer GigE Systemlösung die nächste Ausbaustufe des hybriden Glasfaser-Koaxialnetzes des langjährigen Partners Unitymedia in Nordrhein-Westfalen und Hessen, das eines der modernsten der Welt ist. Der Spezialist für Next Generation Networks hat zur Erweiterung der Backbone- Netzes der Unitymedia 4 Strecken im Großraum Frankfurt und im Ruhrgebiet mit je 10 GBit/s eingerichtet. Dabei hat WISI in den vergangenen drei Monaten analog-optische durch digitale optische WDM (Wavelength Division Multiplexing)-Leitungen ersetzt. Damit lassen sich jetzt über diese Strecken Triple-Play Dienste sowohl in Sende- als auch in Empfangsrichtung komplett über Glasfaser transportieren. Eingesetzt wurden dabei Module der FSP 3000-Plattform des Partners ADVA Optical Networking (www.advaoptical.com) mit den notwendigen Schnittstellenkarten, die den gleichzeitigen Betrieb unterschiedlicher Breitbanddienste ermöglichen. Weitere Ausbauten werden derzeit geplant. Durch den Ausbau der Backbone-Strecken kann Unitymedia die Glasfaser und das CMTS (Cable Modem Termination System) näher zu den Kunden bringen und die an das Netz angeschlossenen Versorgungs-Cluster verkleinern. Die Kunden profitieren dabei von noch mehr Leistung und höheren Bandbreiten. Zugleich schafft Unitymedia die Grundlage für zukunftsweisende Anwendungen, die dem Verbraucher zusätzlichen Mehrwert bieten. Mit Unitymedia verbindet WISI eine sehr langjährige Partnerschaft bei der Modernisierung und Aufrüstung der Kabelnetze in Nordrhein-Westfalen und Hessen für die Zukunft. Seit dem Zusammenschluss der Kabelnetze von NRW und Hessen im Sommer 2005, als gerade mal zwanzig Prozent des Netzes rückkanalfähig ausgebaut waren, wurde intensiv in die Modernisierung investiert, so dass aktuell bereits über 88% rückkanalfähig sind. Allein in diesem Jahr schließt Unitymedia im Rahmen der Offensive "Breitband Regional" über 730.000 Haushalte in 99 ländlichen Gemeinden in Nordrhein-Westfalen und Hessen Anschluss an seine Infrastrukturen für Internet, Telefon und TV an, die zu den europaweit leistungsstärksten zählen. Dazu gehören Regionen am Niederrhein, im Hochtaunus, im Sauerland, dem Rheingau, dem Weserbergland und der Eifel, die bislang noch zu den "weißen Flecken" auf dem Breitband-Atlas von Unitymedia gehören. WISI baut seine führende Rolle als Technologieanbieter für Next Generation Networks und im Projektgeschäft im Bereich rund ums Kabelfernsehen konsequent aus. Hierzu betreibt das Unternehmen auch ein eigenes Testlabor in Niefern. Neben vielen eigenentwickelten Systemen und Komponenten für den Auf- und Ausbau von Kabelnetzen jeder Größe bietet WISI begleitende Dienstleistungen bei Um- und Aufrüstprojekten an. Dazu gehören immer stärker nachgefragte optische Systeme sowie Triple-Play-Lösungen, die im Kabel neben Digital-TV, schnellem Internet und Telefonie auch neue zukunftsweisende IP-gestützte Anwendungen wie etwa VoD und interaktive Dienste unterstützen.
WISI Communications GmbH & Co. KG (WISI) Das 1926 von Wilhelm Sihn jr. gegründete Unternehmen ist einer der weltweiten Pioniere der Empfangs- und Verteiltechnik und gehört zu den nur noch ganz wenigen deutschen Technologiefirmen in diesem Bereich. Heute ist WISI rund um den Globus als kompetenter Systemanbieter und Partner in den Produktbereichen Empfangs- und Verteiltechnik, CATV-Technik, Next Generation Networks und Hochfrequenz-Steckverbindungen tätig. An drei Produktionsstandorten in Deutschland, Frankreich und Asien sind derzeit rund 550 Mitarbeiter beschäftigt. WISI hat Tochtergesellschaften in Frankreich, Österreich, Schweiz, Schweden, Spanien und in China. Darüber hinaus arbeitet das Unternehmen mit über 100 Partnern in allen wichtigen internationalen Märkten. Weitere Informationen über WISI finden Sie unter www.wisi.de.
Pano Joakimidis (Leiter Marketing/Vertrieb Inland) WISI Communications GmbH & Co. KG Wilhelm-Sihn-Str. 5 " 7 D-75223 Niefern-Öschelbronn Telefon: 07233/66-343 Internet: http://www.wisi.de EMail: pano.joakimidis@wisi.de
VMware gibt Ergebnisse für das dritte Quartal 2009 bekanntUmsatz beträgt 490 Millionen US-Dollar
- Nicht-GAAP Umsatzrendite von 22%; GAAP Umsatzrendite von 5%
- Nicht-GAAP verwässerter Gewinn je Aktie von 0,24 Dollar; GAAP verwässerter Gewinn je Aktie v
VMware Reports Third Quarter 2009 Results- Revenue of $490 Million- Non-GAAP Operating Margin of 22%; GAAP Operating Margin of 5% - Non-GAAP Diluted EPS of $0.24; GAAP Diluted EPS of $0.09 PALO ALTO, Calif., October 21, 2009 - VMware, Inc. (NYSE: VMW), the global leader in virtualization solutions from the desktop through the datacenter to the cloud, ...
VMware Reports Third Quarter 2009 Results
- Revenue of $490 Million
- Non-GAAP Operating Margin of 22%; GAAP Operating Margin of 5%
- Non-GAAP Diluted EPS of $0.24; GAAP Diluted EPS of $0.09
PALO ALTO, Calif., October 21, 2009 - VMware, Inc. (NYSE: VMW), the global leader in virtualization solutions from the desktop through the datacenter to the cloud, today announced financial results for the third quarter 2009:
Revenues for the third quarter were $490 million, up 4% from the third quarter of 2008.
Non-GAAP operating income for the third quarter was $109 million, a decrease of 5% from the third quarter of 2008. GAAP operating income for the third quarter was $23 million, a decrease of 77% from the third quarter of 2008.
Non-GAAP net income for the third quarter was $95 million, or $0.24 per diluted share, compared to $93 million, or $0.24 per diluted share, for the third quarter of 2008. GAAP net income for the third quarter was $38 million, or $0.09 per diluted share, compared to $83 million, or $0.21 per diluted share, for the third quarter of 2008.
Cash and cash equivalents as of September 30, 2009 were $2.2 billion, impacted by $356 million used for the acquisition of SpringSource. Total deferred revenues were $990 million. Compared to the same period a year ago, cash increased 29% and deferred revenue increased 27%.
Non-GAAP operating cash flows for the quarter were $199 million, a decrease of 6% from the third quarter of 2008. GAAP operating cash flows were $199 million, a decrease of 18% from the third quarter of 2008. For the trailing twelve months ended September 30, 2009, non-GAAP operating cash flows were $898 million and GAAP operating cash flows were $975 million.
US revenues for the third quarter declined 1% to $246 million from the third quarter of 2008. International revenues for the third quarter grew 9% to $244 million from the third quarter of 2008.
Services revenues, which include software maintenance and professional services, were $250 million, an increase of 33% from the third quarter of 2008.
"In addition to achieving strong financial results in the quarter, we extended the value of our vSphere Platform with the delivery of the VMware vCenter Family of management products and the public availability of vCloud Express," said Paul Maritz, president and chief executive officer. "VMware is well positioned to help take our customers on an evolutionary path forward, one that offers a superior platform for both private and public cloud environments. As our portfolio grows in the fourth quarter with the anticipated release of VMware View 4 for the desktop, we expect customers to increasingly turn to VMware to help them simplify IT.""Our solid third quarter results were driven by strength in the US Federal sector, increased transaction volumes and particularly robust growth in our maintenance renewals," said Mark Peek, chief financial officer. "While the economic environment remains challenging, we have improved visibility into our business and believe that the next two quarters will follow seasonal patterns. We are planning fourth quarter revenues to be between $540 and $560 million, with the first quarter of 2010 down sequentially."
Recent Strategic Announcements and Highlights
· VMware hosted over 12,500 attendees and more than 200 sponsors, Aug. 31 through Sept. 3 at VMworld 2009 in San Francisco. As part of the leading virtualization conference, VMware secured new and expanded support from key partners including Platinum sponsors Cisco, Dell, EMC, HP, IBM, Intel, NetApp, Symantec and Wyse.
· In September 2009, VMware announced the vCenter Family of Products, an expanded set of virtualization management solutions including significant new and enhanced offerings meant to dramatically reduce operational expenses.
· September 1, 2009, as part of the VMware vCloud initiative, VMware announced the support of more than 1,000 leading service providers, including AT&T, SAVVIS, Terremark and Verizon Business to deliver cloud services based on VMware vSphere?.
· September 16, 2009, VMware announced the completion of the acquisition of SpringSource. Rod Johnson, founder and chief executive officer of SpringSource, serves as General Manager of the new SpringSource division which will focus on providing developers and customers the best experience for developing modern applications.
VMware plans to host a conference call today to review its third quarter results and to discuss its financial outlook. The call is scheduled to begin at 2:00 p.m. PT/ 5:00 p.m. ET and can be accessed via the Web at http://ir.vmware.com. The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 30 days.
Use of Non-GAAP Financial Measures
VMware has provided a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. These non-GAAP financial measures, which are used as measures of VMware"s performance, should be considered in addition to, not as a substitute for or in isolation from, measures of VMware"s financial performance prepared in accordance with GAAP. These measures differ from GAAP in that they exclude stock-based compensation, amortization of intangible assets, employer payroll tax on employee stock transactions, acquisition related items, the net effect of the amortization and capitalization of software development costs. VMware"s bases for these adjustments are described below.
VMware"s management uses the non-GAAP financial measures referenced in this release and shown in the accompanying schedules to gain an understanding of VMware"s comparative operating results (when comparing such results with previous periods or forecasts) and its future prospects and excludes the above-listed items from its internal operating plans and measurement of financial performance, including budgeting, calculating bonus payments, and forecasting future periods. These non-GAAP financial measures are used by VMware"s management in their financial and operating decision-making because management believes they reflect VMware"s ongoing business in a manner that allows meaningful period-to-period comparisons. As the non-GAAP financial measures exclude expenses that VMware believes are not reflective of ongoing operating results, management believes the non-GAAP financial measures enable management to better analyze trends in its business. When evaluating the performance of our individual functional groups, VMware does not consider the above-listed items that it excludes from its non-GAAP financial measures. Likewise, VMware excludes such items from its short and long-term operating plans. VMware"s management also believes that these non-GAAP financial measures provide useful information to investors and others (a) in understanding and evaluating VMware"s current operating results and future prospects in the same manner as management does, if they so choose, and (b) an additional basis for comparing in a consistent manner VMware"s current financial results with VMware"s past financial results.
In addition to the foregoing, management believes that these non-GAAP measures are useful to investors and others in assessing VMware"s operating performance due to the following factors:
- Although stock-based compensation is an important aspect of the compensation of VMware"s employees and executives, determining the fair value of the stock-based instruments involves a high degree of judgment and estimation and the expense recorded may bear little resemblance to the actual value realized upon the future exercise or termination of the related stock-based awards. Furthermore, unlike cash compensation, the value of stock-based compensation is determined using a complex formula that incorporates factors, such as market volatility, that are beyond our control. VMware does not believe these non-cash expenses are reflective of ongoing operating results.
- The amount of employer payroll taxes on stock-based compensation is dependent on VMware"s stock price and the timing and size of exercise by employees of their stock options and of vesting in restricted stock, over which management has limited to no control, and as such does not correlate to VMware"s operation of the business.
- VMware"s amortization of intangible assets includes the effects of EMC"s acquisition of VMware in January 2004. Also, VMware does not acquire businesses on a predictable cycle. VMware therefore believes that the presentation of non-GAAP measures that adjust for the amortization of intangible assets and the write-off of in-process research and development, provide investors and others with a consistent basis for comparison across accounting periods and, therefore, are useful to investors and others in helping them to better understand VMware"s operating results and underlying operational trends.
Acquisition related items include direct costs of acquisitions. Examples of costs directly related to an acquisition include transactions fees and due diligence costs. While we believe it is useful for investors to understand the effects of these items on our total operating expenses, these expenses vary significantly in size and amount and are unique to specific acquisitions and as such are disregarded by management when evaluating the Company"s ongoing operating results. Acquisition related items also includes the gain on the Company"s initial investment in SpringSource Global, Inc., which was remeasured to fair value immediately before the Company"s acquisition of SpringSource. Management excludes the impact of such gains or losses on such investments when evaluating the Company"s ongoing operating results. Excluding the impact of the gain on the Company"s initial investment in SpringSource from the Company"s operating results is also important to facilitate comparisons to prior periods.
- The amortization and capitalization of software development costs can vary significantly depending upon the timing of products reaching technological feasibility and the timing of when products are made generally available. VMware believes that by removing the variance in operating results caused by the net effect of the amortization and capitalization of software development costs, the non-GAAP presentation provides investors and others with a basis similar to that used by management for comparing the level of ongoing research and development expenses and related operational trends across accounting periods.
In addition we provide measures of non-GAAP operating cash flows for the quarter and the trailing twelve month periods ending September 30, 2009 and 2008. Our definition of non-GAAP operating cash flows excludes the effects of capitalized software development costs and excess tax benefits related to stock-based compensation. VMware uses non-GAAP operating cash flows, among other measures, to evaluate the ability of our operations to generate cash. We exclude the capitalization of software under generally accepted accounting guidance from our non-GAAP operating cash flows to reflect management"s perspective in assessing our operating results. If we did not capitalize costs under generally accepted accounting guidance, our GAAP operating cash flows would be lower as a result of additional expense recognized within net income and paid out in cash during the period. In addition, we account for share-based compensation under generally accepted accounting guidance, which requires that we report the excess income tax benefit from share-based compensation as a financing cash flow rather than as an operating cash flow. We have added this benefit back to our calculation of non-GAAP operating cash flows in order to generally classify cash flows arising from income taxes as operating cash flows. Management believes that information regarding non-GAAP operating cash flows provides investors with an important perspective on the cash available to make strategic acquisitions and investments, repurchase shares, fund ongoing operations and to fund capital expenditures. Additionally, as non-GAAP operating cash flow is not a measure of liquidity calculated in accordance with GAAP, non-GAAP operating cash flow should be considered in addition to, but not as a substitute for, the analysis provided in the statement of cash flows.
VMware"s non-GAAP financial measures may be defined differently than similar terms used by other companies and, accordingly, may not be comparable to similarly-titled non-GAAP financial measures used by other companies. There are significant limitations associated with the use of non-GAAP financial measures. Specifically, the non-GAAP financial measures that exclude stock-based compensation, intangible amortization, acquisition related items and the net effect of the amortization and capitalization of software development costs. do not include all items of income and expense that affect VMware"s operations. More specifically, in the case of stock-based compensation, if VMware did not pay out a portion of its compensation in the form of stock-based compensation and related employer payroll taxes, the cash salary expense included in costs of revenues and operating expenses would be higher. Payment of employer payroll taxes on stock-based compensation is also a cash expense for VMware and impacts the Company"s cash position. In the case of intangible amortization, while not directly affecting VMware"s cash position, it represents the loss of value of intangible assets over time. A limitation of non-GAAP operating cash flows is that it cannot be combined with GAAP cash flows from investing and financing activities to yield the total increase or decrease in the cash balance for the periods reported. Management compensates for this limitation by also relying on the net change in cash and cash equivalents as presented in the Company"s unaudited condensed consolidated statements of cash flows prepared in accordance with GAAP which incorporates all cash movements during the period. As a result, non-GAAP net income and non-GAAP net income per share, which exclude this expense, do not reflect the full economic loss in value of those intangible assets. Management compensates for these limitations by reconciling the non-GAAP financial measures to VMware"s financial results as determined in accordance with GAAP, which reconciliations are set forth in the accompanying schedules to this release, in the current report on Form 8-K furnished to the SEC on the date hereof and on http://ir.vmware.com. VMware (NYSE: VMW) ist als Weltmarktführer für Virtualisierungslösungen vom Desktop bis zum Rechenzentrum der Transmitter von Cloud Computing für Unternehmen jeder Größe. Kunden vertrauen VMware, um Investitionen und laufende Ausgaben einzusparen, Business Continuity zu garantieren, ein höheres Sicherheitsniveau zu erreichen und ökologische Ziele wie Energieeinsparung umzusetzen. Mit mehr als 150.000 Kunden, über 22.000 Partnern und einem Umsatz von 1,9 Milliarden US-Dollar in 2008 ist VMware eine der am schnellsten wachsenden Softwarefirmen weltweit. VMware hat seinen Sitz in Palo Alto, Kalifornien, und gehört mehrheitlich der EMC Corporation (NYSE: EMC). Die deutsche Niederlassung des Unternehmens befindet sich in München.
Mathias Raeck VMware Freisinger Straße 3 85716 Telefon: 089/ 370 617 322 Internet: http://www.vmware.de EMail: mraeck@vmware.com
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