Vistaprint Reports Q1 FY 2015 Year-Over-Year Revenue Growth of 21 Percent, to $333.9M

• The company expects non-GAAP adjusted net income per diluted share of approximately $3.46 to $3.96, which excludes its expectations for the following items: Acquisition-related amortization of intangible assets of approximately $21.7 million or approximately $0.64 per diluted share; share-based compensation expense and its related tax effect of approximately $22.9 million or approximately $0.68 per diluted share; the change in fair-value estimate of its acquisition-related earn-outs of approximately $3.7 million or approximately $0.11 per diluted share; tax charges related to the alignment of acquisition-related intellectual property with global operations of approximately $2.2 million, or $0.06 per diluted share; and an unrealized currency transaction gain of $8.0 million, or $0.23 per diluted share, based on a recent 30-day currency exchange rate for relevant currencies.
• Based on a recent 30-day currency exchange rate for relevant currencies, we estimate that changes in unrealized gains and losses on currency forward contracts will have an immaterial impact on its full-year results. This guidance assumes a non-GAAP weighted average diluted share count of approximately 33.8 million shares.

Fiscal Year 2015 Depreciation and Amortization and Capital Expenditures

• The company expects depreciation and amortization expense to be approximately $100 million to $105 million. This includes the amortization of acquisition-related intangible assets described above in the company's non-GAAP earnings per share expectations, as well as its expectations for capitalized software development costs.
• The company expects to make capital expenditures of approximately $80 million to $100 million. The majority of planned capital investments are designed to support the planned long-term growth of the business. This fiscal year, we expect to invest about $20 million to build a new manufacturing facility in Japan as part of its joint venture there and about $20 million to $25 million in the expansion of its product lines and other new manufacturing capabilities.

The foregoing guidance supersedes any guidance previously issued by the company. All such previous guidance should no longer be relied upon.