"For fiscal 2013, the company expects non-GAAP earnings per share to exceed the record $2.13 it delivered in fiscal 2012 and expects to continue strong execution, with cash flow from operations exceeding net income. "
Full Year FY13 • Committed to executing our strategy of shifting the mix of the company’s revenues and margin, and continuing to make the necessary organic and inorganic investments to accelerate this progress • Expect EPS to exceed the $2.13 delivered in FY12 with cash flow from operations exceeding net income • Given continued focus on profitability, pruning of low-value business, and an uncertain macro environment, we are not providing a range of revenue growth for the year • Expect interest and other to average approximately $60M per quarter and tax rate between 19% and 21% • Disciplined capital allocation strategy with 10-30% of free cash flows directed to share repurchase and approximately ~$700M in capital expenditures
It'll be interesting to hear how they're going to do this. They are guiding 1Q revenue to be down year over year and in this quarter margins shrank dramatically. Lower revenue x lower margins = lower profit.