The non-GAAP financial results highlighted above, and the non-GAAP financial outlook for 2016 discussed below, represent non-GAAP financial measures. The 2016 and 2015 non-GAAP results exclude the income statement effects of acquisition adjustments to deferred revenue, the impact of stock-based compensation and acquisition-related amortization of intangible assets, as well as acquisition-related transaction costs. Reconciliations of these measures to the appropriate GAAP measures for the three months ended March 31, 2016 and 2015, and for the 2016 financial outlook, are included in the condensed financial information included in this release.
Management's Remaining 2016 Financial Outlook
The Company has provided its second quarter and fiscal year 2016 revenue and earnings per share guidance below. The earnings per share guidance is provided on both a GAAP and a non-GAAP basis. Non-GAAP diluted earnings per share excludes charges for stock-based compensation, the income statement effects of acquisition accounting for deferred revenue, acquisition-related amortization of intangible assets and acquisition-related transaction costs.
Second Quarter and Fiscal Year 2016 Guidance
The Company currently expects the following for the quarter ending June 30, 2016:
- GAAP revenue in the range of $240.0 - $248.0 million
- Non-GAAP revenue in the range of $240.0 - $248.0 million
- GAAP diluted earnings per share of $0.69 - $0.75
- Non-GAAP diluted earnings per share of $0.86 - $0.90