2004 piper jaffray technology conference mark bregman executive vice president, product operations
TRANSCRIPT
2004 Piper Jaffray Technology ConferenceMark Bregman
Executive Vice President, Product Operations
Introductory Information
• Safe Harbor Statement Many of the matters we will be discussing today consist of forward-
looking statements that involve risks and uncertainties. For a discussion of these risks and uncertainties, you should refer to our most recent reports on Forms 10-K and 10-Q that have been filed with the SEC, particularly the section titled "Factors That May Affect Future Results." We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.
We will be making comparative statements in today’s presentations. As discussed previously,we are in the process of restating our financial statements for the years ended December 31, 2001 and 2002, and adjusting our financial results for the year ended December 31, 2003. All comparative statements will be made using previously disclosed results. At this time, we believe these comparisons to be current and meaningful but you should note that there may be additional information that arises during the restatement process that may change these comparisons.
Introductory Information
• Non GAAP Financial Measures In today’s presentations, we will be referring to non-GAAP financial
measures of our operating and financial results. For complete information regarding our non-GAAP financial information, the most directly comparable GAAP measures and a quantitative reconciliation of those figures, please refer to the investor relations page on our website, www.veritas.com.
VERITAS Market Leadership
Storage Management Clustering & Replication
Backup & Recovery
2001 2002 2003
Source : Gartner Group 2004 Market Share Reports, Internal VERITAS Revenue Reports
Storage Software
2003—A Record Year
Q2 2003
Q3 2003
Q1 2003
$394.4M / +6%
$0.17
$412.9M / +13%
$0.19
$450.9M / +23%
$0.21
Q4 2003
$513.7M / +26%
$0.25
Source : Internal VERITAS Revenue Reporting
Q1 2004—Continued Momentum
$487M +24%
$0.23
Revenue
EPS
$2.7B
30%
Cash & Investments
Operating Margin
Source : Internal VERITAS Revenue Reporting
R&D Investment
• Increasing Investment In R&D
2000 2001 2002 2003 2004 (Est)
$175M$175M$175M$175M
$337M$337M$337M$337M
Source : Internal VERITAS Reporting
Delivery - The Last 12 MonthsSoftware Building Blocks To Enable Utility Computing
May ‘03May ‘03 May ‘04May ‘04May ‘04May ‘04
CommandCentral Availability 4.0CommandCentral Availability 4.0
CommandCentral Storage 4.0CommandCentral Storage 4.0
Data Lifecycle Manager 5.0Data Lifecycle Manager 5.0Storage Foundation 4.0Storage Foundation 4.0
Cluster Server 4.0Cluster Server 4.0
Insight, Inform, Indepth (iInsight, Inform, Indepth (i33) 6.5) 6.5
NetBackup 5.0NetBackup 5.0
NetBackup DLO 5.0NetBackup DLO 5.0
CommandCentral Service 3.5CommandCentral Service 3.5
Backup Exec 9.1Backup Exec 9.1
Volume Replicator 4.0Volume Replicator 4.0
May ‘03May ‘03May ‘03May ‘03
opForce 3.0opForce 3.0
Utility Computing Architectural View
Architectural Architectural Building BlocksBuilding Blocks
Architectural Architectural Building BlocksBuilding Blocks
Align IT and Align IT and BusinessBusiness
Align IT and Align IT and BusinessBusiness
Discover
Inventory Existing Assets
& Utilization
Consolidate
Consolidate Under-utilized
Assets & Applications
Standardize
Standardize On Best Of Breed
Service
Consumption-based Metering
For Cost Allocation
Automate
Policy-based Dynamic Sharing & Pooling Of Assets
Evolving The Vision:Utility Computing Approach
Building Blocks For Utility Computing
Availability AutomationPerformance
Volume ReplicatorStorage
Foundation
NetBackup BackupExec
Cluster Server
Cluster Server
UpScale
i3
Storage Foundation
Database Editions
i3
i3
CommandCentral Storage
Storage Foundation
CommandCentral Server
OpForce
CommandCentralService
CommandCentral Availability
Application
Server
Storage
Heterogeneous
Availability AutomationPerformanceAvailability Automation
Building Blocks For Utility Computing
Higher Service Levels
+ Lower Costs
= Better ROIApplication
Server
Storage
Heterogeneous
&ANSWERSQUESTIONS
Copyright © 2004 VERITAS Software Corporation. All rights reserved. VERITAS, the VERITAS logo, and all other VERITAS product names and slogans are trademarks or registered trademarks of VERITAS Software Corporation. VERITAS and the VERITAS Logo Reg. U.S. Pat. & Tm Off. Other product names and/or slogans mentioned herein may be trademarks or registered trademarks of their respective companies.