Michael Turits – Raymond James
And although you mentioned attach rates on AP, what about an aggregate, what in aggregate is happening with ASPs for server? Are we seeing that flat increase? Where is that going?
Charles Peters
As I said before the pricing philosophy really hasn''t changed nor has our discounting philosophy. We do some times discount for large deals and some times for term or other things. But overall, no major change. AP is just specifically AP when someone upgrades from the old ES version to AP it is almost because of the higher value of the product they''re going to pay a higher price for it so that does help the ASP.
Michael Turits – Raymond James
Alright, thanks.
James Whitehurst
And Charlie, just to wrap up with a few comments, for a few thoughts to leave you with, first of, again to emphasize on guidance for FY ''10 we’re guiding to double digit revenue growth with a 100 basis points improvement in operating margins. Second, market share our record billings, bookings, off balance sheet growth, customer growth as well as top deals this quarter, which included a milestone of over 100 deals greater than $250,000, show we are gaining market share in this environment. Third, balance sheet, we are now essentially debt free with a healthy cash balance and 10% fewer shares than we started the year. For 2010 we are guiding up to 20% increase in unlevered operating cash flow per share. And lastly, our business model, this provides us with visibility and predictability as approximately two-thirds of our subscription revenue guidance will come from deferred revenues and off balance sheet backlog.
Alright, with that, we appreciate you all joining us on the call today. Thank you.
Tom McCallum
Thank you, operator.
Operator
Ladies and gentlemen, this does conclude today''s conference call. You may now disconnect. |