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Booz Allen Hamilton keeping Corp. (NYSE:BAH) q4 2018 salary convention name can also 29, 2018 eight:00 AM ET
Curt Riggle - vp of Investor family members
Horacio Rozanski - President and Chief govt Officer
Lloyd Howell, Jr. - govt vice chairman and Chief monetary Officer
Edward Caso - Wells Fargo
Carter Copeland - Melius
Tim McHugh - William Blair
Tobey Sommer - SunTrust
Cai von Rumohr - Cowen & enterprise
Brian Ruttenbur - Drexel Hamilton
Greg Konrad - Jefferies
first rate morning. thank you for standing by means of and welcome to Booz Allen Hamilton's revenue call protecting Fourth Quarter and whole year consequences for Fiscal 2018. at the present all traces are in a pay attention-handiest mode, later there could be a chance for questions.
i would now like to flip the name over to Mr. Curt Riggle.
thank you, Chelsey. respectable morning and thanks for becoming a member of for becoming a member of us for Booz Allen's fourth-quarter and whole fiscal yr 2018 salary announcement. We hope you've had an opportunity to read the clicking unencumber that we issued previous this morning. we have additionally offered presentation slides on our site and are actually on Slide 1.
i'm Curt Riggle, vice chairman of Investor members of the family, and with to discuss our enterprise and fiscal effects are Horacio Rozanski, our President and Chief govt Officer, and Lloyd Howell, govt vice president and Chief monetary Officer.
As proven on the disclaimer on Slide 2, please bear in mind that probably the most items we can focus on this morning could be, will consist of statements that could be considered ahead-searching and for this reason are field to general and unknown hazards and uncertainties, which can cause our specific results in future periods to vary materially from forecasted consequences. These hazards and uncertainties encompass, amongst other things, ordinary economic situations, the supply of executive funding for our business capabilities, and other elements mentioned in modern day income unencumber and set forth beneath the forward-searching statements disclaimer blanketed in our fourth-quarter fiscal 2018 revenue free up and in our SEC filings. We warning you not to location undue reliance on any forward-searching statements that we may make nowadays and remind you that we assume no responsibility to replace or revise the guidance discussed on this call.
throughout today's name, we are able to also focus on some non-GAAP economic measures and other metrics which we agree with supply constructive advice for buyers. We protected a proof of changes and different reconciliations of our non-GAAP measures to the most related GAAP measures in our fourth-quarter fiscal 2018 slides.
it's now my pleasure to show the call over to our CEO, Horacio Rozanski. We at the moment are on Slide 3.
thank you, Curt. And first rate morning everybody. Thanks for becoming a member of us. Lloyd and that i are truly excited concerning the full year outcomes for fiscal year 2018 we're sharing with you today, chiefly, as a result of we are reporting record profitability underpinned via a 3rd consecutive yr of trade leading biological earnings boom.
The results supply us an excellent deal of self belief about the future. They display that the fundamentals of our enterprise are robust, the carrying on with strategic transformation of our company successful. And we are actually located available in the market precisely where customer demand is top-quality and becoming of the intersection of technology and mission. All credit for these achievements goes to the people of Booz Allen.
So, i will delivery this morning with the thanks and large congratulations to our greater than 24,000 colleagues across the globe. You are living up to the proud legacy of this firm, serving customers with ardour and ingenuity and advancing missions in ways in which really modified the realm.
it's the heart or intention that motivates our people. And at Booz Allen, we accept as true with there is a straight-line connection between our intention, our approach, our operational and financial success and our value to shoppers and traders.
In fiscal year 2018, we met all of our fiscal objectives and delivered on our commitment to create for buyers. these days, Lloyd and i will focus on the FY'18 effects and our outlook for this fiscal year. next week, we now have our Investor Day agenda. There we can introduce a multi-yr view into Booz Allen's fiscal dreams and have interaction in a deeper dialog with traders. And as we do with these quarterly calls, we will make Investor Day available are living by way of audio webcast.
Let me summarize the headlines for fiscal 2018. For the first time we handed $6 billion in profits and $2 in earnings per share. We maintained our industry leading organic income growth and tremendously accelerated growth in income except billable prices. We delivered the checklist revenue with our maximum adjusted EBITDA considering the fact that the company went public. We had our greatest headcount increase in seven years. We hit a list for yr and backlog. We made a small acquisition that bolsters our business cyber capabilities and we lower back $373 million to shareholders via dividends and share repurchases.
These accomplishments exhibit that the brand new route we set for Booz Allen six years ago turned into exactly the appropriate direction. by using correctly expecting, the place the federal market become headed we have been capable of position Booz Allen to capitalize on the exchange, expand into new markets and ensure that our company continues to thrive.
beneath our vision 2020 boom method, we developed the advanced capabilities we knew would be in high demand partly by way of staying actual to our roots as an innovator and accomplishing out to companion with other innovators. We’ve concentrated on successful work that isn't only excessive precedence for our customers however also mission standard and therefore less sensitive to price range shifts. We different and strengthened our personnel into one that offers end-to-conclusion options that combine mission capabilities, consulting and know-how and we increased into the global industrial market to take expertise of our leading-edge capabilities while adding dimensions of price to our federal business.
Implementation of this strategy has created excellent growth that we believe is sustainable over the lengthy-time period. Our firm has the right tradition, planned relationships, contract base, scale and agility to continue growing and evolving our market position. Our confidence is smartly placed. for 3 consecutive years we have elevated our headcount and backlogs so that they can gas additional income increase in coming years.
furthermore, the contemporary two-year budget deal and omnibus appropriations invoice drastically multiplied discretionary funding. With more suitable budget walk in the park, our valued clientele are extra inclined to undertake the Visionary work linked to upgrading and modernizing their own capabilities. And Booz Allen will be there to guide them each step of how fusing consulting and mission competencies with innovative technologies.
This encompass, records science and desktop intelligence and per rate scale agile developments, resilience, positioning navigation and timing, adaptive cyber defense and immersive technologies. With executive funding now beginning to movement, we are seeing loads of possibility across our contract and client base from protection to intelligence, to civil agencies. Our world commercial company additionally continues to do very well, attaining pretty much 30% revenue boom final fiscal year. We accept as true with our momentum will continue into FY’19 and beyond and that's reflected in our tips which Lloyd will take you via after a deeper study our fiscal ’18 numbers. Lloyd over to you.
Lloyd Howell, Jr.
Thanks Horacio. I need to echo your comments on fiscal year 2018. It changed into a superb yr strategically, operationally and financially with checklist profitability driven with the aid of amazing biological earnings boom. We entire the year ahead of where we idea we might be at the final analysis and on revenue we had been in accordance with our boom forecast. These effects show that the company is on the right track, smartly managed and continues to create cost for buyers. nowadays, moreover discussing our full yr efficiency in some detail I’ll give an replace on the influence of the new tax legislations on our company. i will additionally talk about our fiscal yr 2019 advice, which speaks to the persevered self assurance we now have in our company and monetary performance.
Please flip to slip four for a summary of our outcomes. beginning at the appropriate-line in fiscal year 2018 earnings and earnings apart from billable expenses every grew 6.three%. at the start of the 12 months, we dedicated to accelerating boom at the profits ex-billable line, where most of our profitability is generated and we delivered on that promise. with the aid of evaluation in fiscal year 2017, growth and salary except for billable fees was 4.1%. Our earnings performance is pushed via persisted potent demand for Booz Allen features and solutions and a major raise in headcount to fulfill that demand.
As of March 31st, our headcount turned into up by using more than 1,300 over the prior year buoyed by very mighty hiring in the second and third quarters. This increased in headcount helped push us across the $6 billion mark in fiscal 12 months 2018. It additionally positions us for persevered boom in the years forward at the excellent and bottom-traces. complete backlog at fiscal year-end became $sixteen billion, 18% generally than a yr ago. Our full yr book-to-invoice become 1.39 times, the 2nd highest full year mark for the reason that our IPO. in the fourth quarter, ebook-to-bill changed into 0.6 instances, this displays the average seasonality in our awards, in addition to we trust the late passage of the omnibus spending invoice in March.
As Horacio mentioned, govt funding is now beginning to flow. looking forward, our inspiration pipeline is robust and for full fiscal 12 months 2018, the whole price of proposals, duration of efficiency and bid earnings margin all extended. In sum, in our portion of the market the place the focal point is high-end differentiated solutions, demand is strong and the market is fit. we are shooting lots of work and we see an outstanding deal of possibility ahead.
moving to revenue, you’ll see the success we had translating appropriate-line increase to the backside-line. Our list adjusted EBITDA at $585 million represents a 6.9% enhance. That builds on the revenue increase, we delivered on account that fiscal yr 2016 and demonstrates as soon as once more our strong core working efficiency.
Adjusted EBITDA margin for the whole yr changed into 9.5%, exceeding the proper conclusion of our expected range because of a modest improvement in contract profitability, a spotlight on [Technical Difficulty] and price management in the fourth quarter and a a little bit reduce than predicted billable expenses within the fourth quarter.
As referenced in our final call, there are three tax linked objects that had a meaningful affect on fiscal 12 months 2018 efficiency. Enactment of the Tax Cuts and Jobs Act, re-measurement of our deferred taxes and the new accounting general adopted early this fiscal year for treatment of inventory-based compensation.
For particulars on income tax drivers please flip to slide 5. First, due to the new tax legislation, we realized an extra income tax improvement of $14.2 million within the fiscal 12 months 2018 driven by using a reduce federal statutory tax price. A majority of this improvement was realized within the third quarter.
2d, we recognized provisional tax outcomes of the new legislations in the yr-ended March 31 and recorded a $9.1 million earnings tax improvement that relates fully to the remeasurement of deferred tax property and liabilities using the new 21% federal tax expense. This discrete non-money improvement changed into recognized within the fourth quarter. we're except the have an impact on from our non-GAAP adjusted net earnings ADEPS.
ultimately, we also realized an income tax advantage of $14.5 million total for fiscal year 2018 because of the adoption of the new accounting general on inventory-primarily based compensation. At 12 months-conclusion, our adjusted valuable tax rate for fiscal 12 months 2018 came in at just over 32%. Going ahead, we expect our annual helpful tax price to be 25% to 27%. As you comprehend we focused lots on our industry leading biological earnings boom as a result of we believe or not it's the top-quality solution to force sustainable base line boom, which makes it possible for us to proceed providing returns for our shareholders.
In fiscal yr 2018, our checklist revenues and profitability drove strong internet profits ADEPS efficiency. internet profits for the full fiscal yr grew basically 21% to $305 million. Adjusted internet profits turned into $298 million up 13.5% year-over-yr. Diluted income per share extended to $2.05 from a $1.sixty seven in the prior yr and adjusted diluted revenue per share improved to $2.01 from a $1.75 within the prior 12 months. These increases have been primarily driven via revenue boom, profitability improvement, the influence of the new tax legislation and a reduce share count number in fiscal 2018 as a result of the share repurchases made during the yr.
relocating on to cash, we ended the fiscal yr in a powerful position with $287 million in money accessible. here is a rise of $70 million over the prior 12 months. We generated a free money move to adjusted net earnings ratio of ninety eight%, a bit of below our goal of a hundred% as a result of the superb have an effect on of tax reform on adjusted web salary. Going forward we agree with that operating cash move is a much better metric for underlying money era.
web cash from working actions for the full fiscal 12 months become down $13 million compared to fiscal 12 months 2017 due to higher money tax payment as in comparison to the prior 12 months due to the timing of payments and an increase in working capital wants, together with an increase in money owed receivables consistent with our boom. This fiscal 12 months and forward, we expect final analysis merits from our lower beneficial tax fee. besides the fact that children, the tax rate benefits will now not translate one-to-one into lessen cash taxes paid over the subsequent a few years as a result of the accelerated amortization of our deferred tax liability relating to unbilled receivables that became additionally a situation of the brand new tax law.
In fiscal 12 months 2019, we expect to generate $380 million to $420 million in working cash flows, an increase that may be driven primarily through underlying profitability and management of working capital spend. This includes a cash alternative method intended to mitigate the larger DSO degrees that we are experiencing. Capital costs in fiscal year 2018 became $seventy eight million, up from the outdated year essentially due to facilities advancements that increased the effectivity of our house and aid future growth. We are expecting CapEx to stay extended as we proceed to put money into facilities, infrastructure, programs, and technology to assist the imaginative and prescient 2020 roadmap we laid out years ago.
Our forecast for capital spending peaks in fiscal 12 months 2019 at approximately $100 million. we've for a while empathized that Booz Allen’s value to traders is grounded in two issues, trade leading biological salary increase and our beneficial use of the balance sheet and capital deployment strategy. In fiscal 12 months 2018, we smartly passed our aim of returning as a minimum a one hundred% of free money movement to investors, all whereas keeping our leverage roughly flat. Please flip to slip 6 for details.
As Horacio mentioned, we again a total of $373 million to shareholders via dividends and share repurchases over the route of the yr. within the fourth quarter, we repurchased 2.1 million shares of inventory bringing the entire for the yr to 7.6 million shares bought at a normal price of $35.62. We also paid out simply over a $103 million in dividends in fiscal yr 2018. Given our persevered potent economic performance and self belief sooner or later, the business these days announced it has authorized a daily dividend of $0.19 per share payable on June 29 to stockholders of list on June 14.
we're additionally pleased to announce that our Board of directors remaining week authorized a $300 million enhance within the business’s share repurchase authorization which brings our total existing authorization up to $495 million. this is an additional indication of our dedication to using our money era and balance sheet energy to pressure value for shareholders.
eventually, I need to focus on our outlook for the 12 months. Horacio outlined the many reasons we believe going into 2019. match demand for our capabilities and solutions, the electricity of our pipeline and the fruits of our persisted funding in our individuals and innovation and in building capabilities that our customer wants most.
Our goal for fiscal yr 2018 was to proceed the momentum we all started two years previous driving topline growth with incredibly solid margins which we now have done. looking to fiscal 12 months 2019, we expect our momentum to continue with salary growing to be between 6 and 8%. increase in salary apart from billable fees is expected to be within the identical range for the entire yr.
With persisted mighty organic income growth and a full yr of benefits from tax reform, we are poised once more to carry significant salary increase. at the final analysis, we predict adjusted diluted salary per share to be $2.35 to $2.50. We remained dedicated to deploying large amounts of capital to create close and long-term cost for our shareholders within the sort of tuck-in strategic acquisitions as obtainable, share repurchases and dividends.
In fiscal 12 months 2019, we anticipate returning as a minimum $350 million to shareholders. we are able to additionally continue to put money into our business and our americans to pressure future growth.
I’d want to be aware that our suggestions for both the correct and backside-line considers the adoption of the brand new earnings recognition ordinary ASC 606 which, we do not believe will have a cloth have an effect on on our full 12 months financial results. Our enterprise will proceed to follow seasonal patterns, but we predict our margins to be tons extra consistent quarter-to-quarter in fiscal year 2019 than in the past because of these accounting alterations.
once we unlock our first quarter consequences, we’ll give restated fiscal year 2018 consequences for comparative purposes. Horacio and i seem to be forward to speaking with you more at investor day about our outlook for fiscal year 2019 and past. We’re enthusiastic about our efficiency in the yr that simply ended and trust it sets us up very well for endured success.
earlier than concluding, I wish to recognize Curt Riggle for his decades of service at Booz Allen, Head of Investor members of the family. His advantage and experience have been a huge aid to me over the last 2 years.
As you can also have considered, we announced previous this month that Nick Veasey will turn into Director of Investor members of the family as of June 30th and Curt can be right here to support with the transition earlier than taking up a new function on the company. I labored with Nick for several years now as he has led our M&A and capital allocation method. he will deliver a wealth of competencies about economic markets and our enterprise to the IR position. and i’m certain, he’ll construct on the strong foundation and relationships that Curt has dependent over the last 8 years.
With that Horacio lower back to you.
thanks, Lloyd. Curt, i'll add my own thanks for all you’ve carried out as Head of IR. Between my privilege to watch you grow in this position all of the approach again to our IPO. We’re grateful you’ll be here to assist Nick transition into this crucial role. and that i seem ahead to having you make a contribution in a brand new manner via leading our inside monetary education software.
As I noted in my opening remarks fiscal 12 months 2018 changed into a year of monetary milestones for Booz Allen, list income, profits, backlog and the like. Yet there's another fresh milestone, I need to point out earlier than moving to Q&A. final month, we introduced the advent of the Booz Allen basis an unbiased public charity. The groundwork is an extension of our company’s centaury long dedication to neighborhood service.
essentially the most vital and unique factor about this milestone for us is that the groundwork will share Booz Allen's aim to empower individuals to trade the area. Its areas of center of attention consist of those that we care deeply about: veterans and armed forces households, international health, adolescence and training and neighborhood resilience. here is all part of scaling our skill for social respectable. The groundwork's efforts will complement those, our enterprise pursues in our group partnerships program. A brilliant application of volunteering and group provider that's severely essential to attracting and protecting the most beneficial talent in these days’s aggressive atmosphere. Our americans need to give back. Our company wants to supply again. That’s the motivation at the back of the basis and we could not be extra comfortable to look it now up and working.
And with that Curt, let’s open the lines for Q&A please.
brilliant. thanks, Horacio. Chelsea, in case you can go ahead and provides directions and open the traces for Q&A, that may be notable.
definitely. [Operator Instructions]. thanks. And our first question will come from Edward Caso with Wells Fargo. Your line is open.
top notch. thank you and congrats to Curt as neatly. My query is round entry to the americans that map up together with your positioning of mission and new know-how. How are you doing and getting them possibly some suggestions on special efforts you might be making to sort of entice and hold. Thanks.
good day respectable morning. Thanks for the query. As you noticed we have the largest headcount boom in 7 years closing yr at 1,300 net new staff. And so, we suppose really decent about our overall ability to attract and maintain the correct type of talent. And in case you go returned a name or two, you will remember that we talked concerning the reality the majority of our growth is basically, the increase of the workforce which are greater technical in nature outpaces the usual headcount growth within the company. So, I believe these are the proof aspects that are certainly doing very well. We're gearing up for our summer time video games program, which is a fine appeal to the styles of the individuals that we should hire. We customarily get again and again greater candidates than we can in reality bring into the application. we're seeing respectable numbers of hirers throughout the board. And in well-known, I suppose our value proposition, our personal intention statement attracts the correct sort of americans, the individuals that each have the technical expertise but frankly have the ardour for the mission that makes this enterprise particular. So, we think first rate about our universal capacity to force headcount into this year and past.
My different question is on margins. If we did our numbers right it seems like you're perhaps guiding EBITDA margin down a little bit this 12 months. and can you also speak about the have an impact on of the criminal charges round DOJ, the impact on this fall and the ahead outlook. Thanks.
Lloyd Howell, Jr.
sure. we are definitely seeing -- predict our margins in '19 to nonetheless be within the mid-9. As we now have mentioned in the past, we're hunting for margin balance during the yr with the adoption of the new ordinary. however we promised that we might conclude the yr mid-9s and we kept that promise. And if you can repeat the 2nd query? by no means mind, I remember. when it comes to the DOJ cost and the have an effect on on the margins, within the third quarter we did share some counsel with everybody. we baked that into our FY'19 tips. And beyond that we wouldn't have every other comments on legal cost for the foreseeable future.
thank you. Our next question comes from Carter Copeland with Melius. Your line is open.
good day decent morning gentlemen.
Two questions. One, i realized you're reporting q4 right here, but i am just trying to tease out the statements you've made across the market. we now have now had 2 months very nearly 2 months go with the aid of. It sounds Horacio like your feedback indicate that April and may have been in particular distinct from what you saw remaining quarter with the passengers of budget, just wanted to verify that.
and then secondly on capital deployment, i realized the minimum 350 capital return but I think if you appear as a minimum one end of the range on share repo and price round 400 million of share repo which might be naturally an acceleration when you tacked on the dividend of that. So just maybe should still we take the rest from the levels of capital deployment as a sign of a different degree, are you -- is it a wait and spot can you help us get probably the most mindset around that? Thanks guys.
I’ll take on the first query and Lloyd will tackle the 2nd one. I’m now not bound -- we run the company for the yr and we control the business on an annual groundwork, we feel in fact first rate about the place we are during this yr, we feel decent in regards to the market, the power of the market, it’s frankly for my money one of the most best markets we’ve considered at least within the remaining five years and we’re excited about the acceleration of revenue, its billable that we’re guiding to.
We’re excited about the level of profitability that we will drive from that which you see in the ADEPS information and because the month-to-month dialogue, quite frankly our groups run the company as they see and based on what’s in front of them we expect a strong summer selling season like we all the time do. Its late passage of the funds however there's a funds and we’re going to take full advantage of those opportunities and that’s kind of what we’re seeing and we’re going to let the groups really run every of the markets as they see to maximise normal growth and average profitability for the year and never for a given quarter.
Lloyd Howell, Jr.
Carter when it involves capital deployment we’re all the time searching for methods to create cost for our shareholders and we’re very joyful that we have been in a position to return 373 million in FY’18 and as your question shows, we do are expecting to install 350 million once more greater than a a hundred% of free cash movement. We’ve bought a in shape steadiness sheet with 287 million reachable and undrawn revolver and we feel that the flexibility with our capital deployment strategy creates shareholder price.
We’re additionally going to examine pursuing acquisitions, protecting our capability with tuck-ins however frankly as they have got offered themselves, they have got acquired evaluated multiples at the moment and we in fact haven’t seen property that meet our requisites. at the moment, share repurchases is actually a lever that we’ve been pulling and we’re joyful with the repurchase authorization of extra 300 million just taking us under 500. And we’re going to drag that lever based upon market conditions, so with 373 million lower back to shareholders and the opportunities to continue to invest in our americans and our organizations, we couldn’t be happier with our capital deployment strategy.
ok, thanks for the colour guys.
Lloyd Howell, Jr.
thanks. Our subsequent query comes from Tim McHugh with William Blair. Your line is open.
Yeah, thanks. Given your aggressively hiring, I bet, can you discuss -- there is additionally point out of a value management initiative and seems like headcount turned into down, advisor headcount down sequentially at the least. So, I bet what parts of the company is that focused on at the moment in case you’re making an attempt to add so many heads I wager to that?
Lloyd Howell, Jr.
Thanks Tim. I consider we all noticed that we had surge in hiring in Q2 and Q3 and we in reality are expecting the same pattern in FY ’19. That being talked about, in our fourth quarter, we were concentrated on getting that, these colleagues to utilize and nearly our assistance shows one other 12 months of robust increase. in terms of cost management, we’ve all the time managed our business, we consider quite simply and we control for the year. And so, we predict that to proceed and making certain that, we get our hires utilized and we’re all the time trying to find capabilities that Horacio outlined in his comments.
and then Q1 or I guess the comment about greater even margins throughout 2019, I bet simply so we set expectations correct before you record your next quarter I wager the implication being that it negatively affects the brand new accounting suggestions, here's negatively impacts the Q1 margin versus the prior evaluation. And so, the salary might be a bit bit more opened up during the different quarters. simply trying to make certain we -- that units the expectations appropriate. Any sense of the magnitude of that stream?
Lloyd Howell, Jr.
no longer definitely. We’re going to expose as we get in the course of the quarters. The Q1 will expose at that point, but you bought it right.
one of the things that might help simply to construct on that's, as we’re going in the course of the quarters we are, the statements will alter the prior year of quarters so that you’ll be capable of get an apples-to-apples evaluation as we go on.
Our subsequent query comes from Tobey Sommer with SunTrust. Your line is open.
i used to be questioning, in case you could confer with us about your plans for kind of, on a percent groundwork headcount boom, you just gave some color in regards to the seasonality and expect 2Q, 3Q to be stronger quarters, but if you might speak to that? and then additionally just provide us a bit extra colour on the CapEx taper to I think you described this fiscal 12 months as sort of the peak?
neatly, I’ll get began on headcount. The reality of the company is that there are things that we control in opposition t like faculty hires are likely to are available in, for example in the fall lots of them choose to take summer time off. So, there is natural seasonality to that and we usually delivery the year, our groups may building a bit of a cushion on availability, birth of the year with excessive availability and then take advantage of the selling season and a transforming into hiring season in Q2 and Q3. And so that’s the kind of seasonality that Lloyd turned into speakme about earlier than. then again, we’re 5% or so headcount growth on the web stage year-over-yr. And we feel that we have both the pipeline, the capability to accomplish that. And it’s now not just the headcount, as a result of hiring people is convenient, hiring the right americans, is what we’re all about and we consider like company in our market and the programs that we’ve been operating and the class of outreach that we’re doing give us access to the correct variety of individuals that each have a fondness for our aim and the mission of our clients. And have the appropriate technical potential in particular at the leading edge of technology the place we’re playing further and further.
Lloyd Howell, Jr.
When it involves CapEx, traditionally we've been around 1% of our revenues and a web '18 basic driver became facility improvements which we referred to for a few quarters. In '19, what's contributing to getting out of a height of $one hundred million is continuation of growth in our facilities, however additionally our infrastructure methods and know-how. a number of years in the past, we at the side of vision 2020 we developed an IT roadmap. we have already moved our email to the cloud, adopted a brand new HR assistance device and the continuation of different improvements are basically to ensure we now have got the infrastructure to assist our sustainable fine boom. So, the enterprise is robust, our performance places us equipped to commit to this funding and to Horacio's outdated response, but additionally permits us to entice and continue the ability that we need and wish.
And only one observe up if I may. With admire to the roughly 5% targeted headcount growth. Is that dispensed within the DC Metro enviornment and nationally form of evenly? Or are you hiring in other in all probability reduce can charge in better unemployment markets?
We're hiring across the board. And we will hire largely loads of it's demand driven and where our shoppers are and the place our customers are generating demand, we see as an instance in our defense enterprise tremendous demand backyard of the Washington Metro enviornment and our headcount will fit that in our civil and intelligence enterprise we see much more demand here in Wash Metro enviornment. and each half of those markets frankly has alternatives when it comes to employment stages however also challenges because in the greater areas most likely it be a bit bit greater difficult from an basic employment standpoint. but on the identical time as a result of we've mass and capacity we are able to reach deeper into these markets. So, i am no longer going to minimize the importance of recruiting since it's obviously crucial to our growth, however we consider in reality decent about being able to herald the styles of individuals that we need.
thanks very a whole lot.
thank you. And our next query comes from Cai von Rumohr with Cowen & enterprise. Your line is open.
Cai von Rumohr
thanks, decent job. And once more Curt, splendid job through the years. So, you talked of a extremely effective market, you outlined the industrial foreign some specifics. might you provide us some color on the relative strength of each of those markets, protection, intel, civil, commercial, foreign?
Let me are trying. I feel the certainty of the rely is, we're seeing energy across the board. i'm now not certain, the way to have interaction the basic market as much as an awful lot because the market in which Booz Allen plays in. perhaps that is my little caveat is over the ultimate 5-6 years of vision 2020, I feel like we have placed the firm into a very amazing exciting position out there basically the place technology meets mission, where our consulting heritage plays the strongest. And so, we're seeing first-rate demand. And if you examine FY'18 all of our markets truly show increase. As I said before, business international grew at 30% combined or near 30% which is acceleration from the prior couple of years. And we predict greater double-digit growth into FY'19 and past.
On the other ones, I wager that the universal color is, we are seeing an excellent deal of electricity. And it be confirmed by means of two drivers. One is definitely the finances condition is decent, but additionally lots of our biggest consumers are very focused on mission and are very concentrated on certain suggestions. i'll provide the DoD example in all probability. DoD has in my view, the clearest strategic focus it really is had in at the least the final few quarters. no matter if you listen to Secretary Mattis or even if you hearken to SES working in a research lab or a flight officer in a faraway command, all of them talk in regards to the equal three priorities, expanding the war-combating capability, improving safety cooperation with different countries and modernizing. And the funds is flowing towards those forms of priorities and we've positioned ourselves to be an essential associate to lots of these customers in using there. and that is the reason why we're seeing electricity. There are some civilian agencies the place that there are leadership alterations and maybe the center of attention remains coming collectively, however those have a tendency not to be our biggest valued clientele and towards our biggest shoppers who we're overseeing is focused and finances in opposition t strategic priorities that we can guide.
Cai von Rumohr
fantastic and one brief follow up. So, margins, you noted adjusted EBITDA margins really nevertheless within the mid-9s tremendously flat. And yet with the more normalized hiring you may not have the $5 million hit you've got ultimate year. Your combine is going towards better margin business foreign, your billables ratio isn't up and you’re moving towards greater bigger tech purposes. All of these elements would suggest bigger margins in fiscal '19. Are they flat? Is that either a conservative number or may still we be anxious that might be the prison fees are increased, are creeping up as a % of the whole. Thanks.
sure. seem to be, we've got protected the prison charge in our forecast for '19. As you comprehend we do control the company conservatively and we believe that protecting the boom that we're seeing on the final analysis with mid-9s allows us to do that. At our Investor Day we're truly going to speak beyond '19. And what we are expecting to achieve going ahead. but I need to see our thunder on this call with that. however in '19 we can predict that we are going to be around mid-9.
Cai von Rumohr
thank you. Our next question comes from Brian Ruttenbur with Drexel Hamilton. Your line is open.
Yeah thanks very a great deal. the primary question I even have is on capital deployment. You have been essentially buying returned stock. and that i want to take into account what the breakpoint is -- might be here is to Lloyd on should you start paying down debt aggressively, the place do interest rates need to go so as that you should switch your capital deployment strategy. after which I even have a comply with up.
Lloyd Howell, Jr.
bound. we're reacting to what we believe is the gold standard within the pastime of our shareholders. and albeit share repurchases has been the lever that we felt turned into the premiere to pull in '18. With the raise in authorization, I consider it's truly a lever that we're going to continue to do. We're now not close to the breakpoint at this point when it comes to our debt, however we're actively looking at that, as you can are expecting over the course of every year. And looking at what the debt does with activity rate. in the mean time, we’re satisfied with our debt constitution, I believe forty three% of it's mounted. but once again, we’re all the time taking a look at that, but, we don’t believe that we are close to our breakpoint at this point.
k. in order a observe-up number 1, what's the breakpoint, is it 6% is, supply me a bunch please, in case you could. and then quantity two, in case you may speak give an update on the fame of the crook and civil investigation, is it expected to ramp up this fiscal 12 months. Your opinion and what fame, if any that you might provide us on that?
Let me delivery with the returned query first. We don’t have anything new to document on the investigation on this call. We proceed to cooperate with the executive in their system and that’s relatively lots where we're.
Lloyd Howell, Jr.
And on the breakpoint. We believe once again brain, we’re in a very good position, we’re in a very good region. We don’t truly see a breakpoint at this factor in our yr-end. once again, as we get into the fiscal yr we’re going to seem to be and do what's been the best interest of our debt and fairness investments.
And our next query comes from Greg Konrad with Jefferies. Your line is open.
To comment at some of these questions a bit of a unique method. I mean, if you seem on the 2019 outlook of 6% to 8% salary growth, is there any manner parse increase from upsized of latest contracts versus new contract wins? I bet, what I’m making an attempt to get at when we consider about the fiscal year ’18 finances coming through you outlined sort of the busy selling season. do we see a few of those new opportunities in 2019 or we’ll take some time for those new contracts to come back via might be on your fiscal yr ’20?
Lloyd Howell, Jr.
We see the continuation of our boom definitely on four motives. One is valued clientele, two, the backlog. In ’18, we had a near list backlog, the highest ebook-to-bill since the IPO. Our pipeline, we’re seeing a period of performance on one of the vital proposals we're lengthening and the bid method, up. And as that you would be able to respect, we’ve obtained a really diverse portfolio. There is no one contract that’s for my part large. We’re seeing event and we’re seeing growth throughout all of our markets going ahead. And with our backlog of 18% in ’18, we feel that, we’re basically being within the range that we provided. That’s it.
And only 1 observe-up on backlog, I mean funded become down yr-over-year. Is there maybe been a metamorphosis in constitution contract? Or how should still be that versus the unfunded and priced alternatives?
Lloyd Howell, Jr.
No. I suggest, it really displays the seasonality and certain as we’ve spoke of in our prepared comments the timing of appropriations. historically our funded backlog increases in a month or two after ultimate appropriations are enacted. Our second quarter which aligns the executive fiscal year is the excessive element and it drops down the third quarter after which we beginning rebuilding once again for the subsequent yr's 2nd quarter. So, we don’t see this the rest greater than only a seasonality we journey 12 months-over-year.
thank you. And this ends the Q&A session. and i now like to flip the name lower back to Horacio Rozanski for closing remarks.
okay. thank you very tons. Thanks again each person for becoming a member of us and thank you to your questions. Lloyd and i look ahead to carrying on with this conversation and to seeing a lot of you at our investor day subsequent week. As that you could probably inform each from our upfront remarks and from our answers, we're very optimistic concerning the future. And we are very desirous to share the longer-term story with you next Wednesday. And except then, have an outstanding week.
girls and gents, thank you for taking part in today's conference. This does conclude the program. You might also all disconnect. each person have an outstanding day.
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Symantec Corp. (NASDAQ: <a href="/q?s=symc">SYMC</a> - <a href="/q/h?s=symc">News</a>) today announced <a href="http://ctt.marketwire.com/?release=804697&id=822484&type=1&url=http%3a%2f%2fbit.ly%2fp9Di9k" rel="nofollow noopener" target="_blank">version 6.0</a> of the company's storage management and high availability products. With this release, Symantec enables IT organizations to build resilient private clouds by transforming their existing infrastructure. Organizations can manage entire business services end-to-end with built in resiliency, even if the business service is run across multiple virtualization technologies, operating systems, and storage platforms. This release spans multiple products in Symantec's portfolio including its flagship <a href="http://ctt.marketwire.com/?release=804697&id=822487&type=1&url=http%3a%2f%2fbit.ly%2fokW9zZ" rel="nofollow noopener" target="_blank">Veritas Storage Foundation 6.0</a>, <a href="http://ctt.marketwire.com/?release=804697&id=822490&type=1&url=http%3a%2f%2fbit.ly%2fngf34B" rel="nofollow noopener" target="_blank">Veritas Cluster Server 6.0</a>, and <a href="http://ctt.marketwire.com/?release=804697&id=822493&type=1&url=http%3a%2f%2fbit.ly%2fpHtw6s" rel="nofollow noopener" target="_blank">Veritas Operations Manager 4.1</a>, all tightly integrated to help IT organizations move confidently to a private cloud architecture." data-reactid="11">BARCELONA, SPAIN--(Marketwire -10/04/11)- Symantec imaginative and prescient 2011 - Symantec Corp. (NASDAQ: SYMC - information) these days announced edition 6.0 of the company's storage management and excessive availability products. With this liberate, Symantec enables IT companies to construct resilient private clouds through transforming their current infrastructure. organizations can manage whole company features conclusion-to-end with inbuilt resiliency, besides the fact that the company provider is run throughout dissimilar virtualization applied sciences, operating systems, and storage platforms. This unencumber spans dissimilar items in Symantec's portfolio including its flagship Veritas Storage basis 6.0, Veritas Cluster Server 6.0, and Veritas Operations manager four.1, all tightly built-in to aid IT organizations movement confidently to a private cloud structure.
examine more designated weblog posts:
Symantec's fresh Virtualization and Evolution to the Cloud Survey discovered that sixty seven % of IT and C-stage gurus are less assured about inserting mission-essential purposes on a private/hybrid cloud as a result of enterprise necessities for prime availability SLAs. This concern extends to their storage environment as well, with eighty two p.c of respondents opting for more suitable availability as an important intention for determining to enforce private storage-as-a-carrier.
"IT architects respect the promise of the private cloud, however below the hype they're grappling with very true questions," pointed out Anil Chakravarthy, Senior vice chairman, Storage and Availability administration group, Symantec. "How do I transform my infrastructure to make it greater agile? How do I give it the characteristics of a public cloud without compromising on availability and protection?"
With Symantec, IT agencies can construct their own resilient private clouds by way of tapping into the investments they've already made of their statistics middle. With this free up, organizations can:
New products announced:
click to Tweet: Symantec helps groups get the deepest cloud they need from the infrastructure they've obtained http://bit.ly/owXQyf or http://bit.ly/p9Di9k
Symantec ApplicationHA 6.0<br></b>Most business critical applications today are multi-tiered with web, application, middleware, and database layers sitting across multiple servers, across platforms, across physical and virtual environments and using different types of storage. Ensuring end-to-end availability of the business service is a challenge today. IT organizations have to deal with multiple tools, manual intervention, and coordination between different teams in the event of a downtime, whether planned or unplanned." data-reactid="38">control availability of business capabilities conclusion-to-end throughout heterogeneous platforms with Veritas Cluster Server 6.0 and Symantec ApplicationHA 6.0Most enterprise crucial functions nowadays are multi-tiered with internet, software, middleware, and database layers sitting across multiple servers, across systems, throughout physical and virtual environments and the use of various kinds of storage. making certain end-to-end availability of the business provider is a problem nowadays. IT businesses ought to contend with distinct equipment, manual intervention, and coordination between distinctive groups within the adventure of a downtime, whether deliberate or unplanned.
Symantec ApplicationHA 6.0 with their new Virtual Business Services (VBS) capability are designed to provide continuous high availability and reduce duration of service disruptions for entire multi-tier business applications by encapsulating them as a single entity. Administrators can expect to orchestrate the start, stop, non-disruptive testing, and failover of entire multi tier applications with a single click -- resulting in resilience and mobility for the business service. Veritas Cluster Server continues to provide the industry's most comprehensive out-of-the box application support and is available on all major OS and Virtualization platforms including IBM AIX, HP-UX, Oracle Solaris, Linux, Microsoft Windows, and VMware." data-reactid="39">Veritas Cluster Server 6.0 and Symantec ApplicationHA 6.0 with their new digital business features (VBS) capacity are designed to give continual high availability and reduce duration of carrier disruptions for total multi-tier business purposes via encapsulating them as a single entity. administrators can expect to orchestrate the beginning, cease, non-disruptive trying out, and failover of whole multi tier purposes with a single click on -- resulting in resilience and mobility for the enterprise carrier. Veritas Cluster Server continues to provide the industry's most comprehensive out-of-the container utility assist and is purchasable on all important OS and Virtualization structures including IBM AIX, HP-UX, Oracle Solaris, Linux, Microsoft home windows, and VMware.
set up resilient, elastic storage for cloud workloads with Veritas Storage groundwork 6.0 With storage needs transforming into exponentially, IT organizations need a brand new method to control their environments in a price-impact and flexible method, while retaining excessive ranges of availability for his or her essential applications. This strategy ability having the capacity to develop and decrease storage dynamically, retaining storage optimized in precise time, and having the flexibleness to choose the right classification of storage from the appropriate providers. moreover, storage administrators and executives need equipment that support automate storage provisioning, utilization-based mostly can charge backs, and reporting across facts centers with heterogeneous storage environments.
Symantec VirtualStore, with support for all major storage arrays and operating system platforms." data-reactid="41">The Veritas Storage basis product suite makes it possible for storage managers to select the correct hardware answer for their storage wants and complements the advanced functions in the storage arrays. Storage basis 6.0 is deliberate to help deduplication and compression at the file gadget layer. together with help for thin reclamation, storage tiering, dynamic resizing, and wise migration, Storage foundation is designed with the most finished storage optimization capabilities to dam-primarily based SAN storage environments. All these functions are anticipated to run without a software downtime required and minimal performance have an impact on with computerized priority primarily based I/O scheduling that distinguishes between application and maintenance operations. The Veritas Storage basis suite comprises Veritas Dynamic Multi-Pathing, Veritas Cluster File gadget, and Symantec VirtualStore, with support for all primary storage arrays and operating device systems.
Use a single pane of glass for clever reporting, remediation and management with Veritas Operations supervisor 4.1Veritas Operations manager (VOM) provides a single administration console across actual and virtual servers that helps consumers visualize, analyze, and control company service availability and heterogeneous storage environments across facts facilities. IT corporations can provision storage using coverage-based mostly templates and implement chargeback in line with precise software storage utilization with Veritas Operations supervisor advanced. no longer handiest can Veritas Operations supervisor deliver a true application to disk view of the complete storage infrastructure, it allows administrators to take instant remedial action to optimize and scale storage utilization with Veritas Storage basis.
Symantec enables IT organizations to transform their existing infrastructure to get the benefits of a resilient private cloud." data-reactid="47">Get the private cloud you want from the infrastructure you have got gotWith the introduction of those options, organizations can tie together existing assets -- even if on actual or virtual programs, throughout OS and virtualization systems and with all major storage arrays -- to build resiliency, scalability, and adaptability into their infrastructures. Symantec permits IT groups to radically change their current infrastructure to get the merits of a resilient private cloud.
For extra tips talk over with: go.symantec.com/privatecloud.
connect with Symantec
About Storage and Availability management from SymantecSymantec helps companies comfy and manipulate their guidance-pushed world with storage management, excessive availability/catastrophe recovery, email archiving, and backup & healing options.
Symantec <br></b>Symantec is a global leader in providing security, storage and systems management solutions to help consumers and organizations secure and manage their information-driven world. Our software and services protect against more risks at more points, more completely and efficiently, enabling confidence wherever information is used or stored. More information is available at <a href="http://ctt.marketwire.com/?release=804697&id=822649&type=1&url=http%3a%2f%2fwww.symantec.com%2f" rel="nofollow noopener" target="_blank">www.symantec.com</a> or by connecting with Symantec at: <a href="http://ctt.marketwire.com/?release=804697&id=822652&type=1&url=http%3a%2f%2fgo.symantec.com%2fsocialmedia" rel="nofollow noopener" target="_blank">go.symantec.com/socialmedia</a>." data-reactid="107">About Symantec Symantec is a worldwide leader in providing safety, storage and programs management solutions to aid consumers and corporations at ease and manage their assistance-pushed world. Our utility and functions offer protection to towards extra hazards at more features, more absolutely and effectively, enabling self belief anywhere counsel is used or saved. more information is attainable at www.symantec.com or by way of connecting with Symantec at: go.symantec.com/socialmedia.
Symantec Corporation and its products, please visit the Symantec News Room at <a href="http://ctt.marketwire.com/?release=804697&id=822655&type=1&url=http%3a%2f%2fwww.symantec.com%2fnews" rel="nofollow noopener" target="_blank">http://www.symantec.com/news</a>. All prices noted are in U.S. dollars and are valid only in the United States." data-reactid="108">word TO EDITORS: if you'd like additional information on Symantec company and its items, please consult with the Symantec information Room at http://www.symantec.com/news. All expenditures stated are in U.S. dollars and are legitimate most effective in the u.s..
Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners." data-reactid="109">Symantec and the Symantec brand are emblems or registered logos of Symantec corporation or its affiliates within the U.S. and other nations. different names may be logos of their respective house owners.
Symantec and should not be relied upon in making purchasing decisions." data-reactid="110">ahead-searching STATEMENTS: Any forward-looking indication of plans for products is preliminary and all future unlock dates are tentative and are subject to alternate. Any future unlock of the product or planned adjustments to product skill, functionality, or feature are area to ongoing assessment by way of Symantec, and might or may not be applied and should no longer be considered enterprise commitments by using Symantec and may now not be relied upon in making procuring decisions.
Technorati TagsSymantec, Veritas, Storage foundation, Cluster File gadget, Storage foundation and Cluster Server for windows, Cluster Server, Storage basis for Databases, Dynamic Multi-pathing, VirtualStore, ApplicationHA, Veritas volume Replicator, records insight, Veritas Operations supervisor, Storage groundwork, Veritas Storage foundation for Oracle RAC, Veritas Storage basis for Sybase ASC CE, Veritas Cluster Server, Veritas Storage basis for home windows, Veritas Storage foundation HA for windows, cloud, cloud storage, cloud computing, virtualization, disaster restoration, enterprise continuity, storage administration
WASHINGTON – American financial institutions face a stronger threat from cyberattacks as a result of a shortage of excessive-tech specialists and negative coordination between the govt and personal sector on the way to deter hackers, executives say.
economic capabilities business leaders and individuals of the Senate Banking Committee cited that cyberattacks are on the rise and are a constant hazard to the trade.
Sen. Catherine Cortez Masto, a Nevada Democrat, identified a “proliferation of cyberthreats we hadn’t contemplated 10 years ago” when it comes to preserving consumers. She referred to two shortages in cybersecurity -- within the place of work amongst IT specialists and an advice shortage amongst patrons and banks due to a scarcity of coordination and schooling.
“No organizations, tremendous or small, public or deepest, are proof against this chance,” said Bob Sydow, EY Americas cyber leader.
Sidnow referred to the financial associations contend with so many different cyber dangers that it’s a fight to discover relaxed, skilled cyber specialists. within the conclusion, many institutions ought to rent outside specialists -- extremely expert IT experts referred to as examiners -- to handle attacks.
“It’s a count number of components -- greater groups can manage to pay for to body of workers and recruit ability you want within the cybersecurity branch with the center of attention on expertise,” he referred to. “A smaller financial institution has access to cybersecurity resources they wouldn’t have if they tried to do inhouse or on their own.”
To raise the provision of cybersecurity gurus inside the trade, Sydow suggested increasing the pool of IT professionals, mainly women and americans of colour, via academic courses in science, technology, engineering and math -- STEM – in schools. Sen. Sherrod Brown, an Ohio Democrat, echoed this name.
Brown, who's the exact Democrat on the committee, requested the witnesses about the impact of President Donald Trump’s choice final week to eliminate the White apartment cybersecurity coordinator place on the federal govt’s fight in opposition t cyberattacks.
“We should pressure superior coordination in opposition t all ingredients of the federal govt that have a role in cyber protection,” talked about J. Michael Daniel, president of a nonprofit known as the Cyber risk Alliance that is composed of providers including Cisco systems CSCO, -1.18% , McAfee , Palo Alto PANW, -0.26% and Symantec SYMC, -0.33% . “Having a strong function on the White residence is a real necessity.”
In what he called a “a shared responsibility,” Daniel called for “integration” across all stages of the federal executive, including the State, Justice, protection and place of origin protection departments, to prepare a protection against cyberattacks.
Sen. Mike Rounds, a Republican from North Dakota and chairman of the Subcommittee on Cybersecurity, spoke of the U.S. “wants a robust offense deterrent corresponding to nuclear deterrent” in retaining people out of critical U.S. infrastructure.
In addressing the shortcoming of framework among economic institutions to aid determine no matter if they are geared up to deal with a cyberbreach, Sen. Jack Reed, a Rhode Island Democrat., pointed out he and a couple of other senators have proposed law require public organizations to establish their cybersecurity skilled and to notify shareholders and the general public of their stage of preparedness.
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Banking [1 Certification Exam(s) ]
BEA [5 Certification Exam(s) ]
BICSI [2 Certification Exam(s) ]
BlackBerry [17 Certification Exam(s) ]
BlueCoat [2 Certification Exam(s) ]
Brocade [4 Certification Exam(s) ]
Business-Objects [11 Certification Exam(s) ]
Business-Tests [4 Certification Exam(s) ]
CA-Technologies [21 Certification Exam(s) ]
Certification-Board [10 Certification Exam(s) ]
Certiport [3 Certification Exam(s) ]
CheckPoint [39 Certification Exam(s) ]
CIPS [4 Certification Exam(s) ]
Cisco [307 Certification Exam(s) ]
Citrix [46 Certification Exam(s) ]
CIW [17 Certification Exam(s) ]
Cloudera [10 Certification Exam(s) ]
Cognos [19 Certification Exam(s) ]
College-Board [2 Certification Exam(s) ]
CompTIA [73 Certification Exam(s) ]
ComputerAssociates [6 Certification Exam(s) ]
CPP-Institute [1 Certification Exam(s) ]
CSP [1 Certification Exam(s) ]
CWNA [1 Certification Exam(s) ]
CWNP [13 Certification Exam(s) ]
Dassault [2 Certification Exam(s) ]
DELL [9 Certification Exam(s) ]
DMI [1 Certification Exam(s) ]
ECCouncil [21 Certification Exam(s) ]
ECDL [1 Certification Exam(s) ]
EMC [126 Certification Exam(s) ]
Enterasys [13 Certification Exam(s) ]
Ericsson [5 Certification Exam(s) ]
Esri [2 Certification Exam(s) ]
ExamExpress [15 Certification Exam(s) ]
Exin [40 Certification Exam(s) ]
ExtremeNetworks [3 Certification Exam(s) ]
F5-Networks [20 Certification Exam(s) ]
FCTC [2 Certification Exam(s) ]
Filemaker [9 Certification Exam(s) ]
Financial [36 Certification Exam(s) ]
Fortinet [12 Certification Exam(s) ]
Foundry [6 Certification Exam(s) ]
Fujitsu [2 Certification Exam(s) ]
GAQM [8 Certification Exam(s) ]
Genesys [4 Certification Exam(s) ]
GIAC [15 Certification Exam(s) ]
Google [4 Certification Exam(s) ]
GuidanceSoftware [2 Certification Exam(s) ]
H3C [1 Certification Exam(s) ]
HDI [9 Certification Exam(s) ]
Healthcare [3 Certification Exam(s) ]
HIPAA [2 Certification Exam(s) ]
Hitachi [27 Certification Exam(s) ]
Hortonworks [4 Certification Exam(s) ]
Hospitality [2 Certification Exam(s) ]
HP [739 Certification Exam(s) ]
HR [2 Certification Exam(s) ]
HRCI [1 Certification Exam(s) ]
Huawei [21 Certification Exam(s) ]
Hyperion [10 Certification Exam(s) ]
IAAP [1 Certification Exam(s) ]
IBM [1518 Certification Exam(s) ]
IBQH [1 Certification Exam(s) ]
ICAI [1 Certification Exam(s) ]
ICDL [6 Certification Exam(s) ]
IEEE [1 Certification Exam(s) ]
IELTS [1 Certification Exam(s) ]
IFPUG [1 Certification Exam(s) ]
IIA [3 Certification Exam(s) ]
IIBA [2 Certification Exam(s) ]
IISFA [1 Certification Exam(s) ]
Intel [2 Certification Exam(s) ]
IQN [1 Certification Exam(s) ]
IRS [1 Certification Exam(s) ]
ISA [1 Certification Exam(s) ]
ISACA [4 Certification Exam(s) ]
ISC2 [6 Certification Exam(s) ]
ISEB [24 Certification Exam(s) ]
Isilon [4 Certification Exam(s) ]
ISM [6 Certification Exam(s) ]
iSQI [7 Certification Exam(s) ]
ITEC [1 Certification Exam(s) ]
Juniper [62 Certification Exam(s) ]
Legato [5 Certification Exam(s) ]
Liferay [1 Certification Exam(s) ]
Lotus [66 Certification Exam(s) ]
LPI [22 Certification Exam(s) ]
LSI [3 Certification Exam(s) ]
Magento [3 Certification Exam(s) ]
Maintenance [2 Certification Exam(s) ]
McAfee [8 Certification Exam(s) ]
McData [3 Certification Exam(s) ]
Medical [25 Certification Exam(s) ]
Microsoft [356 Certification Exam(s) ]
Mile2 [2 Certification Exam(s) ]
Military [1 Certification Exam(s) ]
Misc [1 Certification Exam(s) ]
Motorola [7 Certification Exam(s) ]
mySQL [4 Certification Exam(s) ]
NCLEX [2 Certification Exam(s) ]
Network-General [12 Certification Exam(s) ]
NetworkAppliance [36 Certification Exam(s) ]
NI [1 Certification Exam(s) ]
NIELIT [1 Certification Exam(s) ]
Nokia [6 Certification Exam(s) ]
Nortel [130 Certification Exam(s) ]
Novell [37 Certification Exam(s) ]
OMG [10 Certification Exam(s) ]
Oracle [257 Certification Exam(s) ]
P&C [1 Certification Exam(s) ]
Palo-Alto [4 Certification Exam(s) ]
PARCC [1 Certification Exam(s) ]
PayPal [1 Certification Exam(s) ]
Pegasystems [11 Certification Exam(s) ]
PEOPLECERT [4 Certification Exam(s) ]
PMI [15 Certification Exam(s) ]
Polycom [2 Certification Exam(s) ]
PostgreSQL-CE [1 Certification Exam(s) ]
Prince2 [6 Certification Exam(s) ]
PRMIA [1 Certification Exam(s) ]
PsychCorp [1 Certification Exam(s) ]
PTCB [2 Certification Exam(s) ]
QAI [1 Certification Exam(s) ]
QlikView [1 Certification Exam(s) ]
Quality-Assurance [7 Certification Exam(s) ]
RACC [1 Certification Exam(s) ]
Real-Estate [1 Certification Exam(s) ]
RedHat [8 Certification Exam(s) ]
RES [5 Certification Exam(s) ]
Riverbed [8 Certification Exam(s) ]
RSA [15 Certification Exam(s) ]
Sair [8 Certification Exam(s) ]
Salesforce [5 Certification Exam(s) ]
SANS [1 Certification Exam(s) ]
SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
SAT [1 Certification Exam(s) ]
SCO [9 Certification Exam(s) ]
SCP [6 Certification Exam(s) ]
SDI [3 Certification Exam(s) ]
See-Beyond [1 Certification Exam(s) ]
Siemens [1 Certification Exam(s) ]
Snia [7 Certification Exam(s) ]
SOA [15 Certification Exam(s) ]
Social-Work-Board [1 Certification Exam(s) ]
SpringSource [1 Certification Exam(s) ]
SUN [63 Certification Exam(s) ]
SUSE [1 Certification Exam(s) ]
Sybase [17 Certification Exam(s) ]
Symantec [133 Certification Exam(s) ]
Teacher-Certification [4 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [31 Certification Exam(s) ]
Vmware [56 Certification Exam(s) ]
Wonderlic [1 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]
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