Attached files
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8-K - 8-K - SOURCEFIRE INC | w81047e8vk.htm |
EX-99.3 - EX-99.3 - SOURCEFIRE INC | w81047exv99w3.htm |
EX-99.1 - EX-99.1 - SOURCEFIRE INC | w81047exv99w1.htm |
Exhibit 99.2
Preliminary Results
For Q4 2010, we currently expect both revenue and adjusted net income per diluted share to be at
the mid-point of our previously stated guidance range of $37.0 million to $38.5 million in revenue
and $0.16 to $0.18 in adjusted net income per diluted share.
From a high level perspective, these preliminary results reflect a strong performance from our US
Commercial business, which we currently expect to show growth of approximately 50% over the year
ago period, and strength in our International business, which we currently expect to show growth of
greater than 35% over the year ago period. Our Federal business was weaker than anticipated due to
the Federal government operating under a continuing resolution. More specifically, we currently
expect it to be down over 50% from the year ago period.
Non-GAAP Measure
Adjusted net income per diluted share is a non-GAAP financial measure. Sourcefires expectation of
adjusted net income per diluted share for the fourth quarter of 2010 excludes stock-based
compensation expense, amortization of acquired intangibles related to the acquisition of Immunet
and transaction costs related to the acquisition of Immunet and assumes an effective tax rate of 35%. Sourcefire has not included GAAP net
income per diluted share in the above preliminary results because the calculation of amortization
of acquired intangibles, which is a component of GAAP net income per diluted share, is contingent
on completion of the valuation analysis related to the acquisition.