Harris Corporation Reports Solid Fiscal 2018 Second Quarter Results with Strong Revenue Growth

(A)Certain amounts reclassified to conform with current period presentation of our former government IT services business as discontinued operations

 
Table 6
HARRIS CORPORATION
FY '18 Second Quarter Summary
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
Operating Income and Operating Margin
(Unaudited)
 
      Quarter Ended     Two Quarters Ended
December 29, 2017 December 29, 2017
As Reported     Adjustment(B)     Non-GAAP As Reported     Adjustment(B)     Non-GAAP
 
(In millions)
Revenue $ 1,535 $ $ 1,535 $ 2,948 $ $ 2,948
Operating income $ 272 $ 12 $ 284 $ 544 $ 12 $ 556
Operating margin 17.7 % 18.5 % 18.5 % 18.9 %
 
Quarter Ended Two Quarters Ended
December 30, 2016 (A) December 30, 2016 (A)
As Reported Adjustment (C) Non-GAAP As Reported Adjustment (C) Non-GAAP
 
(In millions)
Revenue $ 1,449 $ $ 1,449 $ 2,869 $ $ 2,869
Operating income $ 277 $ 13 $ 290 $ 523 $ 30 $ 553
Operating margin 19.1 % 20.0 % 18.2 % 19.3 %
 

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