Question-and-Answer Session
Operator
(Operator Instructions) We will pause for just a moment to compile the Q&A roster. Your first question comes from the line of Eric Martinuzzi from Craig-Hallum.
Eric Martinuzzi - Craig-Hallum
Fiscal 09 you’re at $250 to $260 million non-GAAP on the revenue and that’s up from your prior forecast of the doubling of the run rate from September 07 which implied I think around $237 million, if I’m not mistaken. Could you address what the drivers are on the upward revision?
David P. Sommers
We didn’t hear the first part of your question, but I think it was that we’ve gone from doubling of revenue of about $30 million which could be the $29.6 million spread across the fiscal year which could be interpreted as 237 up to 250 to 260. So forgive me if that’s redundant.
Eric Martinuzzi - Craig-Hallum
No, that’s correct.
David P. Sommers
When we gave the guidance which we gave last September we had a view of what the impact the integration expense of the integration process would be. That as we have gone through the acquisition and integration process since then we have refined and the 250 to 260 on a GAAP basis is a modest increase because we have seen a good response from customers as Anil mentioned and so we have moderated slightly our caution about the dampening effects that we still expect to see as we integrate sales force and reassure customers of our investment protection of their existing installations. So it’s really in our view consistent with what we said, a slight upward modification.
Anil K. Singhal
I think going on, Eric, like David said that we see, I guess we were more conservative on that disruption side but as we’re getting customer feedback and as we did close a very good quarter we are feeling much better about doing the numbers we just talked about.
Eric Martinuzzi - Craig-Hallum
Assuming we use a January close for the Network General, what was the implied pro forma organic growth rate for the quarter just ended?
David P. Sommers
I’m sorry. Can you rephrase that? I didn’t quite understand what you’re asking.
Eric Martinuzzi - Craig-Hallum
When you closed the transaction you gave kind of a September 07 pro forma number sort of a six months ended. What I was asking was if we go and just look at the most recent quarter on that same pro forma basis what was the implied pro forma organic growth rate on a non-GAAP basis?
- To read the full transcript on Seeking Alpha, click here »
