NortonLifeLock Inc. - FORM 8-K - EX-99.01 - TRENDED RECONCILIATION OF REVENUE DETAIL - July 26, 2011

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Exhibit 99.01

SYMANTEC CORPORATION

Trended Reconciliation of Revenue Detail Including Modified Reporting Structure

(In millions)

(Unaudited)

During the first quarter of fiscal year 2012, the company modified its segment reporting structure to more readily match its operating structure. The following modification was made to the segment reporting structure: managed security services (MSS) moved to the Security and Compliance segment from the Services segment. MSS revenue of $72 million and $71 million were moved in fiscal 2011 and 2010, respectively. The historical periods have been adjusted to reflect the modified reporting structure.

 

    FY2011     Q4’11     Q3’11     Q2’11     Q1’11  
    Reported     Modified     Reported     Modified     Reported     Modified     Reported     Modified     Reported     Modified  

Revenue

   $ 6,190      $ 6,190      $ 1,673      $ 1,673      $ 1,604      $ 1,604      $ 1,480      $ 1,480      $ 1,433      $ 1,433   

Revenue by Segment

                    

Consumer

   $ 1,953      $ 1,953      $ 514      $ 514      $ 498      $ 498      $ 468      $ 468      $ 473      $ 473   

Security and Compliance

     1,566        1,638        446        465        417        435        363        381        340        357   

Storage and Server Management

     2,307        2,307        626        626        600        600        557        557        524        524   

Services

     364        292        87        68        89        71        92        74        96        79   
    FY2010     Q4’10     Q3’10     Q2’10     Q1’10  
    Reported     Modified     Reported     Modified     Reported     Modified     Reported     Modified     Reported     Modified  

Revenue

   $ 5,985      $ 5,985      $ 1,531      $ 1,531      $ 1,548      $ 1,548      $ 1,474      $ 1,474      $ 1,432      $ 1,432   

Revenue by Segment

                    

Consumer

   $ 1,871      $ 1,871      $ 483      $ 483      $ 478      $ 478      $ 463      $ 463      $ 447      $ 447   

Security and Compliance

     1,411        1,482        361        379        369        388        345        363        336        352   

Storage and Server Management

     2,287        2,287        577        577        594        594        563        563        553        553   

Services

     416        345        110        92        107        88        103        85        96        80   

 

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SYMANTEC CORPORATION

Trended Reconciliation of Revenue Detail Including Modified Reporting Structure (1)

(In millions)

(Unaudited)

During the first quarter of fiscal year 2012, the company modified its segment reporting structure to more readily match its operating structure. The following modification was made to the segment reporting structure: managed security services (MSS) moved to the Security and Compliance segment from the Services segment. MSS revenue of $72 million and $71 million were moved in fiscal 2011 and 2010, respectively. The historical periods have been adjusted to reflect the modified reporting structure.

 

     FY2011     FY2010  
     YE11     Q4’11     Q3’11     Q2’11     Q1’11     YE10     Q4’10     Q3’10     Q2’10     Q1’10  

Revenue by Segment

                     

Consumer

    $ 1,953      $ 514      $ 498      $ 468      $ 473      $ 1,871      $ 483      $ 478      $ 463      $ 447   

Security and Compliance

      1,638        465        435        381        357        1,482        379        388        363        352   

Storage and Server Management

      2,307        626        600        557        524        2,287        577        594        563        553   

Services

      292        68        71        74        79        345        92        88        85        80   

Revenue by Segment: Y/Y Growth Rate

  

              

Consumer

      4 %      6 %      4 %      3 %      6 %      6 %      12 %      11 %      6 %      -5 % 

Security and Compliance

      11 %      23 %      12 %      5 %      1 %      -2 %      4 %      4 %      -2 %      -14 % 

Storage and Server Management

      1 %      8 %      1 %      -1 %      -5 %      -8 %      -2 %      -4 %      -9 %      -17 % 

Services

      -15 %      -26 %      -19 %      -13 %      -1 %      -5 %      9 %      -2 %      -3 %      -21 % 

Revenue by Segment: Y/Y Growth Rate in Constant Currency

  

          

Consumer

      5 %      5 %      5 %      5 %      7 %      5 %      9 %      6 %      7 %      -1 % 

Security and Compliance

      11 %      21 %      13 %      7 %      2 %      -3 %      1 %      0 %      -1 %      -10 % 

Storage and Server Management

      2 %      7 %      3 %      1 %      -3 %      -9 %      -4 %      -8 %      -8 %      -13 % 

Services

      -14 %      -28 %      -18 %      -11 %      1 %      -5 %      5 %      -7 %      -2 %      -16 % 
     FY2011     FY2010  
     YE11     Q4’11     Q3’11     Q2’11     Q1’11     YE10     Q4’10     Q3’10     Q2’10     Q1’10  

GAAP Operating Margin by Segment

  

            

Consumer

      46 %      47 %      44 %      45 %      48 %      46 %      44 %      43 %      47 %      50 % 

Security and Compliance

      16 %      13 %      12 %      17 %      23 %      27 %      29 %      29 %      27 %      24 % 

Storage and Server Management

      46 %      44 %      46 %      49 %      46 %      48 %      47 %      49 %      49 %      47 % 

Services

      2 %      7 %      3 %      3 %      -1 %      3 %      4 %      3 %      7 %      -1 % 

 

(1) Management refers to growth rates adjusting for currency so that the business results can be viewed without the impact of fluctuations in foreign currency exchange rates. We compare the percent change in the results from one period to another period in order to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States Dollars at the actual exchange rates in effect during the respective prior periods (or, in the case of deferred revenue, converted into United States Dollars at the actual exchange rate in effect at the end of the prior period).

 

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