A reconciliation between all GAAP and non-GAAP
information referenced above is contained in the tables below.
For 2018, GAAP and non-GAAP
gross margins are expected to be in the low- to mid-30% range.
Baruch Lev recently reported in his article, "Surprise: Investors Like Non-GAAP
Earnings" (Seeking Alpha, Apr.
performance measures have been reported by companies for several decades, as an alternative to these GAAP measures.
While many investors find non-GAAP
financial measures helpful (and have come to expect them), news headlines and regulatory scrutiny continue to highlight concerns about the overuse and the expanding variety of non-GAAP
The difference between non-GAAP
and GAAP revenue is derived from the fact that deferred revenues consolidated from acquired companies are recorded based on fair value rather than book value for GAAP purposes.
As best-of-breed companies continue to search for more meaningful and effective ways to communicate with in-vestors, analysts and business partners, the use of non-GAAP
accepted accounting principles] financial meas-ures is making a comeback.
For the fourth quarter of 2009, non-GAAP
revenues were USD59.
In the first quarter, our revenue and non-GAAP
EPS performance met our expectations, and we experienced good cash generation.
REMEMBER the euphemisms for incomparable, non-GAAP
reporting of earnings before one-time charges?
To that end, the AICPA has commented on numerous SEC proposals focused on internal control reporting, audit committees, codes of ethics, misleading auditors, off-balance-sheet activities, non-GAAP
proforma financial disclosures and auditor independence--seven key areas of the law in which the CPA profession has long-held and strongly advocated positions to protect the public and add valuable information to the capital markets and investors.