|Exam Name||:||HP Imaging and Printing Management and(R) Security Solutions - Sales|
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|Updated On||:||April 22, 2019|
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HP2-B62 exam Dumps Source : HP Imaging and Printing Management and(R) Security Solutions - Sales
Test Code : HP2-B62
Test Name : HP Imaging and Printing Management and(R) Security Solutions - Sales
Vendor Name : HP
Q&A : 50 Real Questions
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more than two months in construction, the HP Linux Imaging and Printing 3.19.three utility and drivers are here enforce guide for a bunch of new HP printers, including HP OfficeJet seasoned All-in-One 9010, HP OfficeJet professional All-in-One 9020, HP OfficeJet All-in-One 9010, HP PageWide XL 4100 and 4600 printers, HP PageWide XL 4100 and 4600PS MFP, in addition to HP color LaserJet Managed MFP E77422a, E77422dv, E77422dn, and E77428dn.
other than the guide for the plethora of the new HP printers outlined above, the HP Linux Imaging and Printing 3.19.3 software and drivers convey help for some of the latest essential GNU/Linux distributions, including LinuxMint 19.1, Debian GNU/Linux 9.7, and red Hat commercial enterprise Linux 7.6. We remind users that the outdated liberate delivered help for Fedora 29, OpenSuSE start 15, and Manjaro 18.0 distros.
HP’s Imaging and Printing neighborhood these days announced the a success completion of its middle East corporate and commercial enterprise Roadshow. aimed at enterprise purchasers across the center East location, the roadshow coated a sequence of areas for key IT, purchasing, facility and repair managers, and served to train valued clientele about streamlining their printing options in addition to showcasing HP’s new offerings in the vicinity.
The experience became HP’s biggest-ever rollout of multifunction printers within the area, which visited eight locations including Abu Dhabi, Dubai, Riyadh, Jeddah, Cairo, Oman, Kuwait and Qatar, with key purchasers attending from in all places the region.
The roadshow illustrated HP’s contemporary announced plans to support its enterprise imaging and printing product portfolio and method to increase the dimension and potential of its revenue drive and to supply clients with unparalleled levels of carrier, information and business insight.Thomas Vajak, business business & sales manager, Imaging and Printing group, HP center East: “customers are worrying greater trade-selected choices and vertical solutions that tackle essential business needs similar to improving procedures, operational efficiencies, can charge rate reductions and revenue. HP has the confirmed potential and the capabilities to address particular IT and end-user challenges for the future and we desired to display this very electricity to our valued clientele with the aid of roadshows.”
biggest multifunction printer rollout in company historyAt the roadshow, HP also showcased it’s new multifunction printer (MFP) lineup which adds to the HP LaserJet portfolio, offering the trade’s most finished set of options for both commercial enterprise and small to mid-dimension business customers.HP TechnologiesHP additionally highlighted a lot of HP applied sciences to purchasers on the roadshows together with HP’s web Jetadmin, color access handle and Award winning conventional Print Driver.
HP’s internet Jetadmin platform is a web-primarily based print management solution that helps optimize gadget utilization, manage color expenses, and streamline components management through enabling remote configuration, monitoring, and troubleshooting of community printers and associated print infrastructure components. HP colour entry handle lets IT managers select the degree of manage they want, through maximizing shade value, monitoring printing by way of clients or functions, and even billing inner departments for colour printing. With HP standard Print Driver, a single, clever driver replaces individual drivers, which helps shop useful IT time, makes printing less difficult for conclusion users, and cut back calls to the aid desk.
Key items showcased covered:• HP LaserJet M3035/3027 MFP Printer sequence – A compact, economical workteam MFP that grants as much as 35ppm with extremely good output and a handy stapler. This new product also contains an superior handle panel with an intuitive and very basic contact-display enabling convenient interplay by using visually walking via processes, and aiding with setup and troubleshooting.• HP LaserJet M4345 MFP Printer collection – The observe on to the business altering 4345 MFP. top of the line for workgroups, the MFP presents quick printing and copying at up to 43ppm non-compulsory faxing and superior digital sending with paper managing, finishing and the greater handle panel.• HP LaserJet M5035/5025 MFP Printer collection – The extensive format MFP gives comparatively cheap A4 and A3 printing and copying at as much as 35ppm, faxing and stapling alternatives, with superior digital sending and stronger control panel.• HP LaserJet CM1015/1017 MFP –. Combining print speeds of up to 8ppm (shade and black-and-white) with HP ImageREt 2400 expertise and HP Colorsphere Toner, this affordable printer produces skilled files and image printouts with amazing colorings. With its small footprint, the handy-to-use machine matches comfortably on a laptop.HP’s additionally showcased it’s newest range of monochrome expertise for clients trying to boost office effectivity, and increasing the latitude of shade printing systems for shoppers seeking to enhance the effectiveness of established office documents and marketing collateral. These encompass:• HP LaserJet P3005 Printer sequence – a quick, feature-packed community equipped monochrome printer sequence with optional two-sided printing and speedy-on expertise. The collection is highest quality for document-intensive, small work crew environments requiring great printing with low renovation.• HP colour LaserJet CP4005 Printer collection – offering durable, excessive-performance coloration printing with a fast first page out because of fast-on technology, handy sharing and low operating fees. Designed for HP ColorSphere Toner, which provides stunningly high best prints.
About HPHP is a technology options company to consumers, companies and institutions globally. The company’s offerings span IT infrastructure, world functions, company and home computing, and imaging and printing. For the 4 fiscal quarters ended Oct. 31, 2006, HP income totaled $ninety one.7 billion. greater assistance about HP (NYSE, Nasdaq: HPQ) is accessible at www.hp.com.
About HP middle EastHP is the biggest know-how and options issuer within the core East with 670 personnel and subsidiaries in Dubai, Abu Dhabi, Riyadh, Jeddah, Khobar, Cairo, Ramallah and Oman servicing the GCC, Egypt and the Levant. HP has been present in the center East considering that 1968 and opened its first regional workplace in 1994. HP middle East is the market chief for business, small and medium enterprise and buyer expertise products and offers a large portfolio of options and features in a number of company domains.
extra suggestions about HP within the core East is obtainable at www.hp.com/me
big apple - January 31, 2019 - Duggal visible solutions, a world printing and images company headquartered in long island, is the primary company within the Northeast united states — and one of the vital very first on the planet — to improve its HP Indigo 12000 digital press to acquire the brand new HD Imaging device for the outstanding industrial printing market.
This improve conveniently doubles the addressable resolution of the Indigo press to 1625 dpi, which consequences in a virtual resolution of 4876 dpi and a fantastic line reveal of 290 for a smooth, highly exact print that far surpasses different commercial digital presses and even offset for satisfactory, enabling Duggal to carry art gallery-nice prints to excessive-quantity industrial production together with element-of-sale graphics, brochures, books, catalogs and reveal purposes.
The HP Indigo 12000 offers creation accelerates to 4,600 20x29-inch sheets per hour, plus 7-colour capacity, including HP Indigo ElectroInk White, spot shades and Fluorescent Inks. The addition of the HD Imaging system sets a new benchmark for picture high-quality, specifically in the replica of images with epidermis tones, skies, flat tint areas, composite gray areas, best textual content, or landscapes.
up to now, HP also worked with Duggal to be the primary site in the Americas with an HP Indigo 12000.
"Duggal is a trusted accomplice that has at all times been at the forefront of know-how, so it become handiest herbal to once again companion with them to convey our new HD Imaging gadget to their HP Indigo 12000 as the first press upgraded in the North East of the U.S. and one of the very first ones on earth," noted Haim Levit, vice president and standard supervisor, HP Indigo & Inkjet Press solutions. "As Duggal has long been normal for excellent satisfactory and for bringing new innovations to the market, we are longing for seeing their enlargement into new markets and elevating the image best produced with digital printing to a further step forward stage, because of this ingenious new excessive-Definition Imaging system for HP Indigo 12000 digital presses."
The HD Imaging equipment can provide double addressability and 30 % smaller ink dots, allowing for better halftone dot placement. Halftone dots are denser, smaller and greater uniform, leading to a virtual resolution of 4876 dpi and excessive LPI displays.
"we're extremely proud to continue to be amongst HP's first selections for introducing online game-altering know-how like the HP Indigo 12000 HD to the printing market and, most importantly, to continue to carry new capabilities to our global clientele," noted Mike Duggal, CEO, Duggal visual solutions. "HP's mission to 'hold reinventing' is one that we include and mirror, which is why our partnership continues to thrive."
Duggal makes use of the HP Indigo 12000 HD for synthetics, canvas, window clings, and metal and coloured substrates, as well as non-licensed substrates with HP Indigo ElectroInk Primer.
supply: Duggal visible solutions
The previous press unlock became offered by means of a corporation unaffiliated with Printing Impressions. The views expressed inside do not without delay reflect the innovations or opinions of Printing Impressions.
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HP Wednesday said it has entered into a definitive agreement to acquire Apogee, Europe's top multivendor managed print services provider, as part of its all-out charge to increase its share of the $55 billion A3 print copier replacement market.
HP said the deal values U.K.-based Apogee – which has deep multivendor relationships with HP and major print vendors including Xerox, Konica Minolta, Kyocera and Canon -- at $499 million.
[Related: HP Announces First-Ever Bug Bounty Program For Printer Security]
Apogee, which has 1,000 employees and $300 million in annual revenue, currently does only a small share of its managed print business with HP.
HP billed the acquisition as a move to "boldly" leverage the industry shift to contractual sales as it aggressively pursues the A3 copier replacement market.
HP Imaging and Print President Enrique Lores said the deal is a major step for HP to grow its contractual print business. "We are really excited about the opportunity that this deal opens for us," he said in an interview with CRN. "We can really advance and accelerate our growth in the contractual space."
Lores said the deal "complements" HP's broader strategy and does not signal a move to increase the percentage of business that it takes direct. In fact, he said, HP is committed to growing its channel business as a percentage of total revenue beyond the current nearly 90 percent mark.
"We remain fully committed to our channel partners; close to 90 percent of the business is done through the channel and our plan is to continue to grow that," said Lores. "The partners should see this as a way for us to demonstrate our commitment to grow and advance our business in the contractual space. They should not see this as a threat. They should see this as a complement to the strategy we have been putting in place in the last few years."
HP said that Apogee will have the "same commercial relationship" with HP as any other "premium partner" with the same access to tools and programs.
By maintaining Apogee as an independent subsidiary, HP will ensure that the managed print services provider does not have more attractive financial terms than other HP partners, said Lores."They will not have access to special terms," he said. "They will not have access to special programs. They will have access to the same terms that other resellers in this category have."
Lores said HP plans to leverage any tools and methodology from the Apogee deal to grow the channel business. "Our commitment to the channel has not changed," he said. "Anything that we learn that we think could be applied to help others grow, we will use it [to grow the channel business]."
In fact, he said, one of the key benefits from the acquisition will be HP's ability to accelerate its knowledge of the contractual managed print services and solutions market to boost the channel. "As we improve our knowledge, it will be easier for channel partners to do business with us and should translate into a benefit for all of us," he said.
Once the deal is finalized, Apogee – which has up until now touted its "independence" and "brand-agnostic" print services capabilities -- will be run as an independent subsidiary of HP with a board composed of Apogee and HP executives.
HP said it expects the current Apogee management team to stay in place with the managed print services provider continuing to sell and service solutions from multiple vendors.
Apogee, which has an installed base of tens of thousands of printers and copier units, has long-standing customer contracts involving major vendors including Xerox, Canon and others besides HP that it will continue to honor, said HP.
"Over time we expect the majority of their sales will move to HP," said Lores. "We don't think it will ever be 100 percent because there will always be customers that will demand other types of solutions. This is going to be a process that will take time. It is not something that will immediately happen when we close the deal."
HP said it expects the deal to close by the end of 2018 with Apogee results "accretive" by approximately 1 cent per share on a non-GAAP basis in the first full year.
Apogee reported $273 million in GAAP revenue in 2017 with earnings before interest, taxes and depreciation of $39.43 million.
Bob Venero, CEO of Holbrook, N.Y.-based solution provider Future Tech, one of HP's top partners, said he would like to see HP allow partners to resell or white-label Apogee contractual print services.
"Nobody is going to begrude HP from trying to grow its managed print offerings. The real question becomes how is this going to be integrated into HP and what is the plan for supporting this offering throughout the partner community," said Venero. "This is not about what the company is doing today. It is about the future plan for this. It's important that HP continues to embrace and grow its channel versus growing its direct business, which would cause a ripple effect in the partner community if that is the HP mindset going forward."
Future Tech's HP print business is growing at a double-digit clip, said Venero. "As a global provider, Future Tech is very interested in learning how we can leverage the Apogee acquisition," he said. "We look forward to continuing to grow our HP print business by double digits over the next three to five years based on the bets that HP is making. Security is playing a major role in decisions around print and today HP is the leader in secure print. They have the most secure printers in the world."
Lores said the acquisition of Apogee comes on the heels of solution provider acquisitions by all of the top printer and copier vendors.
"All of the other key players in the industry have done this before and they have been able to complement their channel programs," he said. "This is what we are doing with Apogee. What we realized is we needed an investment like this to complement the investment that we are making with managed print services. We think the services and solutions capabilities they have are going to be a great complement to the infrastructure and systems we have built for managed print services. Channel partners should stay focused on keeping the relationship we have built with them. They should not distort the great progress and the great business we have been building with them over many, many years."
BURLINGTON, Mass.--(BUSINESS WIRE)--Nuance Communications, Inc. (NASDAQ: NUAN) today announced an agreement under which Nuance will acquire Equitrac Corporation, a leading provider of intelligent print management and cost recovery software. Equitrac solutions have been adopted by more than 25,000 organizations worldwide to implement secure and managed printing for enterprise, global and mobile workforces.
The acquisition expands Nuance’s document imaging portfolio, adding Equitrac’s market-leading print management products to Nuance eCopy ShareScan® scanning and workflow solutions, and to Nuance OmniPage, PaperPort and PDF Converter Professional desktop applications. The addition of Equitrac also strengthens Nuance’s global channel partnerships with multifunction printer (MFP) vendors, including Canon, Xerox, Konica Minolta, Ricoh and HP – each of whom currently sell both Equitrac print management and Nuance eCopy scanning solutions through their dealers or as part of their Managed Print Services (MPS) portfolios.
“Equitrac expands our ability to provide our customers and MFP partners with solutions that deliver even higher levels of cost savings and office productivity,” said Robert Weideman, senior vice president and general manager of the Nuance Document Imaging Division. “Equitrac delivers proven value in healthcare, financial, legal and educational organizations, and provides secure print capabilities to desktop and mobile global office workers. This complements Nuance’s strengths in mobile and office productivity, and aligns well to Nuance’s key verticals, especially healthcare.”
Equitrac increases the productivity and document security of office workers with the Follow-You® printing solution. Users print documents from their desktop as usual, then use card-swipe or log-in identification at a networked MFP to view and select their documents for on-demand printing. No matter where they go in their organization – an MFP around the corner from their office or at office locations across the globe – the user’s personalized on-demand document selections are instantly available from the MFP touch-screen. In a hospital setting for example, care providers can securely access and print standardized forms or specific patient reports from any MFP or printer on the network – a nurse’s station, physician’s office or emergency room.
“There’s a long history of customers selecting Equitrac as their MFP print management solution and Nuance eCopy as their MFP scanning solution. From day one, the combination of Nuance and Equitrac delivers the best of scanning and best of print management to our customers and partners worldwide,” said Michael Rich, president and CEO, Equitrac Corporation. “Even better, Nuance’s leadership in speech recognition, healthcare solutions and intelligent touch-screen interfaces provide a fertile ground for innovations that promise to deliver breakthrough increases in cost savings and office productivity.”
The combination of Nuance and Equitrac results in:
Products that Increase Cost Savings and Office Productivity – Nuance eCopy and Equitrac solutions are both integrated with the touch-screens of MFP devices, and are leading solutions for automating and optimizing document processes within organizations of every size. Customers need and want both secure print and scanning solutions; an estimated 25 percent of Nuance eCopy installations already have print management software – many of them from Equitrac. In addition to providing an integrated offering, Nuance will continue to offer eCopy and Equitrac as standalone products that support both print and scan partners, such as NTware, NSi, Omtool, GlobalScan and SafeCom.
Strengthening of Global OEM Partnerships – Nuance has strong revenue-based channel relationships with Brother, Canon, HP, Kodak, Konica Minolta, Ricoh, Visioneer, Xerox and more. Equitrac has strategic ties with HP, Konica Minolta, Ricoh, and Xerox – and expanding relationships with Canon, Fuji-Xerox, Lexmark, Samsung and more. The combination of Nuance and Equitrac will provide the OEM community with the largest and most experienced team dedicated to providing MFP partner sales, professional services, support and customer service worldwide.
Unmatched Application Connectivity – Nuance and Equitrac are leaders in connecting MFPs to back-end enterprise applications. Nuance eCopy connects to over 200 applications, including content management, database and financial software. Equitrac connects to over 50 cost recovery, auditing and financial systems, expanding Nuance’s capabilities to include support for important enterprise applications such as SAP and others.
Expanded Solutions for Key Verticals – Equitrac has significant penetration in healthcare, finance, legal, government and educational vertical markets, providing a strong complement to Nuance’s strong position in finance, legal, education, government and especially healthcare, where Nuance solutions are used in over 4,000 hospitals and by over 100,000 care providers.
Innovation in Managed Print Services
As the office equipment industry continues the migration to a services-led delivery model for printing and document processing, Equitrac and Nuance document imaging solutions are important components of ensuring OEM success in the MPS market. The integration of Equitrac with Nuance eCopy will provide innovative, integrated, cross-platform MFP-based document solutions to deliver on the promise cost reductions that will drive the adoption of MPS solutions across enterprises.
Under the terms of the agreement, consideration for the transaction is $157 million in cash. The transaction is expected to close late in the fourth quarter of Nuance’s fiscal year 2011, ending September 30, 2011. Nuance expects the acquisition in fiscal 2012 to add between $58 million and $60 million in non-GAAP revenue; $27 million and $29 million in GAAP revenue after adjusting revenue lost to purchase accounting; non-GAAP earnings between $0.04 and $0.05; and a GAAP loss between $(0.05) and $(0.06). See “Discussion of non-GAAP Financial Measures” below for further information.
About Equitrac Corporation
Equitrac Corporation is the global leader of intelligent print management and cost recovery software solutions for the corporate, legal, education, healthcare and financial services markets. Equitrac’s solutions are mission critical to all enterprises that are looking to more effectively manage their printing environments, reduce printing costs, increase security and lessen their environmental impact. The company is backed by an unmatched R&D program and is a preferred technology partner with all leading providers of multifunction devices. Equitrac is has been in business for 30 years and has more than 25,000 customers in 70 countries. Equitrac’s solutions are deployed in Global 500 companies, AMLAW 200 legal firms, and leading colleges, universities and school districts. For more information, visit www.Equitrac.com.
Nuance Communications, Inc.
Nuance Communications, Inc. (NASDAQ: NUAN) is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. Every day, millions of users and thousands of businesses experience Nuance’s proven applications. For more information, please visit www.Nuance.com.
Nuance and the Nuance logo are registered trademarks or trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other company names or product names referenced herein may be the property of their respective owners.
Statements in this press release regarding Nuance’s managed document services technology, anticipated growth in the MPS market, and any other statements about Nuance managements’ future expectations, beliefs, goals, plans or prospects constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," estimates and similar expressions) should also be considered to be forward looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward looking statements, including the factors described in Nuance's Annual Report on Form 10 K for the fiscal year ended September 30, 2010 and other filings with the U.S. Securities and Exchange Commission. Nuance disclaims any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this press release.
Discussion of Non-GAAP Financial Measures
Management utilizes a number of different financial measures, both GAAP and non-GAAP, in analyzing and assessing the overall performance of the business, for making operating decisions and for forecasting and planning for future periods. Our annual financial plan is prepared both on a GAAP and non-GAAP basis, and the non-GAAP annual financial plan is approved by our board of directors. Continuous budgeting and forecasting for revenue and expenses are conducted on a consistent non-GAAP basis (in addition to GAAP) and actual results on a non-GAAP basis are assessed against the annual financial plan. The board of directors and management utilize these non-GAAP measures and results (in addition to the GAAP results) to determine our allocation of resources. In addition and as a consequence of the importance of these measures in managing the business, we use non-GAAP measures and results in the evaluation process to establish management’s compensation. For example, our annual bonus program payments are based upon the achievement of consolidated non-GAAP revenue and consolidated non-GAAP earnings per share financial targets. We consider the use of non-GAAP revenue helpful in understanding the performance of our business, as it excludes the purchase accounting impact on acquired deferred revenue and other acquisition-related adjustments to revenue. We also consider the use of non-GAAP earnings per share helpful in assessing the organic performance of the continuing operations of our business. By organic performance we mean performance as if we had owned an acquired business in the same period a year ago. By continuing operations we mean the ongoing results of the business excluding certain unplanned costs. While our management uses these non-GAAP financial measures as a tool to enhance their understanding of certain aspects of our financial performance, our management does not consider these measures to be a substitute for, or superior to, the information provided by GAAP revenue and earnings per share. Consistent with this approach, we believe that disclosing non-GAAP revenue and non-GAAP earnings per share to the readers of our financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP revenue and earnings per share, allows for greater transparency in the review of our financial and operational performance. In assessing the impact of the acquisition of Equitrac, our management has either included or excluded items in four general categories, each of which are described below.
Acquisition-Related Revenue and Cost of Revenue.
The Company included revenue related to its acquisition of Equitrac that would otherwise have been recognized but for the purchase accounting treatment of these transactions. Because GAAP accounting requires the elimination of this revenue, GAAP results alone do not fully capture all of the Company’s economic activities. These non-GAAP adjustments are intended to reflect the full amount of such revenue. The Company includes non-GAAP revenue and cost of revenue to allow for more complete comparisons to the financial results of historical operations, forward-looking guidance and the financial results of peer companies. The Company believes these adjustments are useful to management and investors as a measure of the ongoing performance of the business because, although we cannot be certain that customers will renew their contracts, the Company historically has experienced high renewal rates on maintenance and support agreements and other customer contracts. Additionally, although acquisition-related revenue adjustments are non-recurring with respect to past acquisitions, the Company generally will incur these adjustments in connection with any future acquisitions.
Acquisition-Related Costs, Net.
The acquisition of Equitrac, as with other acquisitions, will result in operating expenses which would not otherwise have been incurred. The Company provides supplementary non-GAAP financial measures, which exclude certain transition, integration and other acquisition-related expense items resulting from acquisitions, to allow more accurate comparisons of the financial results to historical operations, forward-looking guidance and the financial results of less acquisitive peer companies. The Company considers these types of costs and adjustments, to a great extent, to be unpredictable and dependent on a significant number of factors that are outside of the control of the Company. Furthermore, the Company does not consider these acquisition-related costs and adjustments to be related to the organic continuing operations of the acquired businesses and are generally not relevant to assessing or estimating the long-term performance of the acquired assets. In addition, the size, complexity and/or volume of past acquisitions, which often drives the magnitude of acquisition-related costs, may not be indicative of the size, complexity and/or volume of future acquisitions. By excluding acquisition-related costs and adjustments from our non-GAAP measures, management is better able to evaluate the Company's ability to utilize its existing assets and estimate the long-term value that acquired assets will generate for the Company. The Company believes that providing a supplemental non-GAAP measure which excludes these items allows management and investors to consider the ongoing operations of the business both with, and without, such expenses.
These acquisition-related costs are included in the following categories: (i) transition and integration costs; (ii) professional service fees; and (iii) acquisition-related adjustments. Although these expenses are not recurring with respect to past acquisitions, the Company generally will incur these expenses in connection with any future acquisitions. These categories are further discussed as follows:
(i) Transition and integration costs. Transition and integration costs include retention payments, transitional employee costs, earn-out payments treated as compensation expense, as well as the costs of integration-related services provided by third parties.
(ii) Professional service fees. Professional service fees include direct costs of the acquisition, as well as post-acquisition legal and other professional service fees associated with disputes and regulatory matters related to acquired entities.
(iii) Acquisition-related adjustments. Acquisition-related adjustments include adjustments to acquisition-related items that are required to be marked to fair value each reporting period, such as contingent consideration, and other items related to acquisitions for which the measurement period has ended, such as gains or losses on settlements of pre-acquisition contingencies.
Amortization of Acquired Intangible Assets.
The Company excludes the amortization of acquired intangible assets from non-GAAP expense and income measures. These amounts are inconsistent in amount and frequency and are significantly impacted by the timing and size of acquisitions. Providing a supplemental measure which excludes these charges allows management and investors to evaluate results “as-if” the acquired intangible assets had been developed internally rather than acquired and, therefore, provides a supplemental measure of performance in which the Company’s acquired intellectual property is treated in a comparable manner to its internally developed intellectual property. Although the Company excludes amortization of acquired intangible assets from its non-GAAP expenses, the Company believes that it is important for investors to understand that such intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Future acquisitions may result in the amortization of additional intangible assets.
The Company provides non-GAAP information relative to the following non-cash expenses: (i) stock-based compensation; and (ii) certain accrued income taxes. These items are further discussed as follows:
(i) Stock-based compensation. Because of varying available valuation methodologies, subjective assumptions and the variety of award types, the Company believes that the exclusion of stock-based compensation allows for more accurate comparisons of operating results to peer companies, as well as to times in the Company’s history when stock-based compensation was more or less significant as a portion of overall compensation than in the current period. The Company evaluates performance both with and without these measures because compensation expense related to stock-based compensation is typically non-cash and the options and restricted awards granted are influenced by the Company’s stock price and other factors such as volatility that are beyond the Company’s control. The expense related to stock-based awards is generally not controllable in the short-term and can vary significantly based on the timing, size and nature of awards granted. As such, the Company does not include such charges in operating plans. Stock-based compensation will continue in future periods.
(ii) Certain accrued income taxes. The Company also excludes certain accrued income taxes because the Company believes that excluding this non-cash expense provides senior management, as well as other users of the financial statements, with a valuable perspective on the cash-based performance and health of the business, including the current near-term projected liquidity. This non-cash expense will continue in future periods.
The Company believes that providing the non-GAAP information to investors, in addition to the GAAP presentation, allows investors to view the financial results in the way management views the operating results. The Company further believes that providing this information allows investors to not only better understand the Company’s financial performance, but more importantly, to evaluate the efficacy of the methodology and information used by management to evaluate and measure such performance.Nuance Communications, Inc. Reconciliation of Supplemental Financial Information GAAP and non-GAAP Revenue and Net Income (Loss) per Share Guidance (in thousands, except per share amounts) Unaudited Estimated Revenue and Per Share Impact of the acquisition of Equitrac Corporation Twelve months ended September 30, 2012 Low High GAAP revenue $ 27,000 $ 29,000 Acquisition-related adjustment - revenue 31,000 31,000 Non-GAAP revenue $ 58,000 $ 60,000 Accretion/(dilution) of GAAP net loss per share $ (0.06 ) $ (0.05 ) Acquisition-related adjustment - revenue 0.09 0.09 Acquistion-related adjustment - cost of revenue (0.02 ) (0.02 ) Acquisition-related costs, net 0.02 0.02 Amortization of intangible assets 0.04 0.04 Non-cash stock-based compensation 0.01 0.01 Non-cash income taxes (0.04 ) (0.04 ) Accretion of non-GAAP net income per share $ 0.04 $ 0.05 Shares used in computing accretion/dilution on GAAP and non-GAAP net income (loss) per share: Weighted average common shares: basic 317,000 317,000 Weighted average common shares: diluted
DENVER — Jan. 15, 2007 — First Data Corp. (NYSE: FDC), Microsoft Corp. (Nasdaq: MSFT) and HP (NYSE: HPQ)(Nasdaq: HPQ) today announced they have brought together their industry-leading payment solutions, state-of-the-art store management software programs and retail-ready computer hardware in a small-business point-of-sale solution with features that until recently were only available to large retailers.
The First Data POS Value ExchangeSM replaces a cash register and traditional point-of-sale terminal with a computer-based system that delivers a complete store management solution with greater information security, speed of transactions and more flexible payment options for customers.
POS Value Exchange leverages the three companies’ core competencies: 1) First Data’s payment processing power for virtually all forms of payment – from credit and debit to gift cards and checks; 2) Microsoft DynamicsTM – Point of Sale 2.0 software from Microsoft designed to manage inventory, track sales and improve customer management; and 3) a rugged, retail-specific point-of-sale hardware solution from HP. The solution will be offered by First Data, along with its participating alliance partners and independent sales organizations. Purchase and lease options will be available, with pricing set by the individual sales channels.
Specialty retailers will find that the system’s touch-screen display and ability to accept virtually all forms of payment will improve customer service and speed up transaction time. Retailers also will be able to track purchase behaviors and identify buying trends to improve inventory management and save valuable time.
“The customer experience has improved tenfold with the POS Value Exchange solution,” said Byron Borchardt with Bargain Books, one of a number of retailers who have been pilot testing the solution. “Our customers spend less time in the check-out line and the discount the customer received at the store is clearly reflected on the sales receipt. The user-friendly touch-screen display makes employee training simple and seeing a computer at the point of sale projects a professional image to my customers.” Bargain Books has also been able to track buying trends in the store to better manage staffing levels.
First Data, Microsoft and HP believe that the product will have benefits for merchants and consumers alike.
“First Data is excited to team with Microsoft and HP to deliver a unique value to small and mid-sized merchants,” said Barry McCarthy, president of Product Innovation at First Data Commercial Services. “This single solution enables small merchants to have the power to manage their inventory, understand and track customer buying behavior, and offer an enhanced consumer experience by accepting virtually all forms of payment — from credit, debit and gift cards to checks.”
“This new solution will revolutionize the way small retailers do business and process payments,” said Mike Dickstein, general manager of Microsoft Dynamics at Microsoft. “Now small retailers using electronic cash registers and dial-up connections can easily convert to an affordable, integrated point-of-sale and payment processing system, and offer the same great customer service and payment options to their customers that the big-box stores do.”
“Simply put, this solution gives small businesses a competitive edge,” said Gayle Papadopoulos, managing director of Worldwide Distribution and Retail Industries at HP. “HP’s retail-hardened, industry-standard rp5000 point-of-sale system adds the flexibility and affordability of a PC architecture with long life cycles and extended warranties to First Data’s payment processing power and Microsoft’s software.”
POS Value Exchange is designed for smaller retailers, typically with a single store location with up to five lanes.
More information on the POS Value Exchange solution offered by First Data is available at www.POSValueX.com or by calling (866) 711-4590.
About First Data Corporation
First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses worldwide. Serving 4.6 million merchant locations, 1,900 card issuers and their customers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company’s portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company’s STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com.
HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2006, HP revenue totaled $91.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.
About Microsoft Dynamics
Microsoft Dynamics is a line of financial, customer relationship and supply chain management solutions that helps businesses work more effectively. Delivered through a network of channel partners providing specialized services, these integrated, adaptable business management solutions work like and with familiar Microsoft software to streamline processes across an entire business. For more information about Microsoft Dynamics – Point of Sale, visit http://www.microsoft.com/pos.
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft® Web page at http://www.microsoft.com/presspass on Microsoft’s corporate information pages. Web links, telephone numbers and titles were correct at time of publication, but may since have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://www.microsoft.com/presspass/contactpr.mspx.
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