Leadership In Interoperability

1. Leadership In Interoperability Press Conference VERITAS VISION EMEA 2001 (15th May 2001)

2. Safe Harbor Statement The matters we will be discussing today, other than the historical information, consist of forward-looking statements that involve risks and uncertainties. For example, statements regarding our anticipated financial results and our business in future periods are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially. These risks and uncertainties include the timely development and market acceptance of our products and our ability to manage our growth. For a discussion of these and additional risks and uncertainties, you should refer to our most recent report on Form 10-Q that has been filed with the SEC, particularly the section titled "Factors That May Affect Future Results." We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.

3. Welcome • Gary Bloom CEO & President • Robin Purohit VP, Product Management • John Maxwell VP, Product Marketing • Chris Boorman Senior Director, EMEA Marketing • Tatiana Miller EMEA PR Manager • Rebecca Zarkos UK PR Manager

4. Today’s Highlights • VERITAS in EMEA • The VERITAS Strategy • Interoperable Solutions Deliver Maximum Return on Investment • Product News for VISION EMEA • Questions & Answers

5. Today’s Highlights • VERITAS in EMEA • The VERITAS Strategy • Interoperable Solutions Deliver Maximum Return on Investment • Product News for VISION EMEA • Questions & Answers

6. >1,000 Employees Four regions (North, Central, South & Emerging Markets) Field operations in 29 offices … Benelux, Denmark, Dubai, France, Germany, Iberia, Italy, Norway, Poland South Africa, Sweden Switzerland, UK Localized Consultancy, Support & Training VERITAS in EMEA

7. VISION2001 EMEA • Over 1,200 attendees • 500 Organisations represented • 34 Countries represented • Sponsored by

8. VISION2001 EMEATechnology Showcase Applications Servers HBA’s Switches Hubs Disk Tape

9. Today’s Highlights • VERITAS in EMEA • The VERITAS Strategy • Data Availability across the enterprise • Interoperability drives Return on investment • Product News for VISION EMEA • Questions & Answers

10. Gary Bloom CEO & President VERITAS Software Corporation

11. Market Dynamics • Entered FY2001 strong • Strong Revenue Performance • Strategic Partnering • Expanding customer base • 3 dimensional expansion strategy • Product: Replication, Clustering, SAN’s • Platform: HP and IBM platforms • Geographic: Europe, Japan, Korea, etc…. • Technology becoming a Standard

12. Financial Update

13. Revenue Growth In Millions 1997/2000 CAGR = 64% Q1 ’01 vs Q1’00 = +58% 1997 1998 1999 2000 ‘00 vs ‘01

14. License Revenue – 2001 Q1

15. Growth Rates – LTM 3/01 License Services

16. Distribution Mix – CY 2000 2-Tier Dist OEM 25% 16% VAR 30% Int'l 28% End User 29% N. A. 72%

17. Net IncomeTen Quarters Ended March 2001 In Millions

18. Financial Strength Strong balance sheet (as of March 2001) • Cash @ $1.36 billion • Q1 cash flow + $109 million • DSO at 37 days (guidance = mid 40’s) • Deferred Revenue at $215 • Up $14 million from 12/00 and $128 million from 12/99

19. The Changing World

20. Changing View of IT • Outages hurt in new and painful ways • Public embarrassment • Stock value impacted • Significant outages are now front-page news • No time for downtime • The system now is the business, not merely the support for the business • When the system is stopped, the business is stopped - impact on revenue is immediate • (Up) time really is money • Measurable and clear

21. The Evolving Data Center Traditional Data Center eBusiness Data Center Requirements Storage Capacity Terabytes Petabytes+ Availability Always On 99.9% - 99.999% Financial and legal penalties if missed SLA Requirements None Content Delivery Cost center Profit center Millions of Internal and External Users & 1,000’s of Companies Access/Security Requirements Internal Users and key Suppliers Important Essential for survival Scalability/Flexibility

22. Observations • eBusiness has fostered new dependency on information to target attention span of users • Data volumes will continue to expand • Basic ERP Systems • Business intelligence requires information • Evolving CRM market drives data collection • Wireless, online video, online music, and libraries of network information create even more expansion • As data volumes expand, dependency on information will expand • Data availability will determine business success or failure

23. What problem are we trying to solve? • Availability of data • Accessible anywhere, anytime, automatically and transparently with the highest performance • Can we build a system that requires ZERO human administration, when new resources are added and still ensure that data can always be accessed?

24. Solaris HP/UX Linux AIX Windows Sun EMC HP IBM Hitachi Compaq VERITAS Data Availability Access heterogeneous storage through one data availability layer, from many heterogeneous hosts Manage common data storage pools, across all platforms Software enables the flexibility of the Data Availability layer as it allows fast responses to market and technology changes

25. Availability Management Data Protection Data Access Storage Virtualization Storage Redundancy DeviceManagement Discovery The Data Availability Layer Applications Databases Operating Systems Network Layer Data Availability Layer Operating Systems Host Computer Storage Interconnect Storage Storage Aggregators Storage Devices

26. VERITASCluster Server Availability Management VERITAS NETBackup Data Protection VERITASVolume Replicator Data Access Volume Manager SANPoint Control Storage Virtualization SANPoint Foundation Volume Replicator Storage Redundancy Volume Manager DeviceManagement SANPoint Control Discovery The Data Availability Layer

27. Forward Predictions • Expect Data Availability to be a key business imperative • Expect CIO’s to realize how much excess storage capacity they have in their current storage pools • Plenty of room for expansion of data • Expect to Cache everything and focus on increasingly intelligent management of those caches • Expect SAN-wide allocation from storage pools to finally become a reality

28. Forward Predictions • Expect VERITAS to be a key supplier ensuring Data Availability • Expect partnerships to continue to play a significant role in our forward vision • Co-development of technology • Advancing interoperability • Market expansion • Global competitiveness

29. One of Top 10 Largest Software Companies #1 Storage Software ~$25 Billion Market Capitalization $1.5B Annualized Revenue ~$4 Billion R&D Spending (over next 5 years) ~5,400 Employees World Class Company

30. Today’s Highlights • VERITAS in EMEA • The VERITAS Strategy • Interoperable Solutions Deliver Maximum Return on Investment • Product News for VISION EMEA • Questions & Answers

31. Companies are wasting money • Hiring people to do work that is no longer fit for humans • Manual backups/tape mounting • Using DBA’s to perform and run cold backups or maintain homegrown scripts • 3rd shift Systems Administrators • Using different tools for the same need on different platforms • Different clustering tools for UNIX and NT • Different disk management tools for different storage brands or Operating System environments • Getting a great price per MB on storage and then buying 200% of what is really needed • Snapshot does not have to mean triple mirroring

32. Our customers are asking for … • Data Availability to meet their requirements • Zero downtime for maintenance, or disaster • Flexibility in a heterogeneous IT world • Enhanced Interoperability to drive greater flexibility and enhance utilisation rate of storage • Simplified Management • Easier ways of managing the mixed computing environment • Optimal Return on Investment & IT budget • Greater Efficiency across Systems & Resources

33. Replication Clustering Application Solutions Backup & Restore Applications DBMS File System Volume Management SAN Management SAN & Storage NAS & SAN Appliance SW Data Availability Toolkit VERITAS Product Stack Data Availability Toolkit Complete solutions Integrated products Cross platform

34. Replication Replication Replication Replication Replication Clustering Clustering Clustering Solaris HP/UX Linux AIX Windows Clustering Clustering Application Solutions Application Solutions Application Solutions Application Solutions Application Solutions Backup & Restore Backup & Restore Backup & Restore Backup & Restore Backup & Restore Applications Applications Applications Applications Applications DBMS DBMS DBMS DBMS DBMS File System File System File System Sun EMC HP IBM Hitachi Compaq File System File system Volume Management Volume Management Volume Management Volume Management Volume Management SAN Management SAN Management SAN Management SAN Management SAN Management SAN & Storage SAN & Storage SAN & Storage SAN & Storage SAN & Storage Complete In process Future Non-VERITAS VERITAS Data Availability(Three-Dimensional Interoperability)

35. Only VERITAS Delivers Maximum Return on Investment • Integrated Product Stack for highest data availability of application solutions • Only VERITAS delivers independent products & solutions to enhance interoperability • Storage Vendor independent • Operating System independent • Key Benefits • Reduced Storage Costs • Reduced Server Costs • Maintained or Reduced Staffing Levels • Improved Service Levels • Reduced Risk Exposure Due to Disaster

36. “Availability Toolkit” VERITAS Software Vendor 3 Vendor 5 Vendor 1 Vendor 4 Vendor 2 Delivering Return on Investment • NetBackup moving data between different vendor tape libraries • Dynamic Multi-pathing • Database mirrored across IBM, EMC, HDS disks • Data Replication from Compaq to SUN disks

37. Today’s Highlights • VERITAS in EMEA • The VERITAS Strategy • Interoperable Solutions Deliver Maximum Return on Investment • Product News for VISION EMEA • Questions & Answers

38. Product News for VISION EMEA • Full Delivery of VERITAS on HP-UX 11i • Advanced Cluster Capabilities for Oracle • Further strong partnership with SUN

39. Product News for VISION EMEA • Full Delivery of VERITAS on HP-UX 11i • Advanced Cluster Capabilities for Oracle • Further strong partnership with SUN

40. The VERITAS / HP Partnership • History • Long-standing relationship began in 1993 • HP began bundling ‘lite’ version of VERITAS File System (called JFS) in 1997 • HP File System (OnlineJFS) is the VERITAS File System • With HP-UX 11i, HP is now also bundling a ‘lite’ version of VERITAS Volume Manager • HP resells VERITAS products • Full version of VERITAS File System and Volume Manager are shipped with HP-UX 11i • Customers can upgrade via a simple license key • Satisfies growing customer demand for VERITAS solutions in heterogeneous environments

41. Hewlett PackardHP-UX 11i Operating Environments • HP’s current UNIX-based operating environments targeted at Internet applications • Comprehensive Internet-critical functionality • Ultimate performance and scalability • Industry-leading investment protection through binary compatibility • VERITAS File System and Volume Manager technology bundled in HP-UX 11i Operating Environments • Base (Internet) • Enterprise • Mission-Critical

42. File & Volume Management Clustering Replication Backup Application Solutions for Oracle Bundled Lite versions Full Foundation Suite Cluster Server Global Cluster Manager Volume Replicator NetBackup Storage Migrator Database Edition for Oracle Delivery of VERITAS on HP-UX 11i(Complete suite of data availability solutions)

43. Product News for VISION EMEA • Full Delivery of VERITAS on HP-UX 11i • Advanced Cluster Capabilities for Oracle • Further strong partnership with SUN

44. VERITAS Cluster File System (CFS) simplifies complexity of managing parallel Oracle environment Provides all nodes with direct access to data and logs Allows customers flexibility to choose between heterogeneous storage systems Support for Oracle8i OPS on raw Support for future Oracle database technologies Oracle Real Application Cluster Oracle Real Application Cluster CM CM VCS Engine VCS Engine CVM CVM GAB/LLT GAB/LLT CFS with ODM CFS with ODM Database Edition/Advanced Cluster (Increases Oracle Availability and Scalability) SAN

45. Database Edition/Advanced Cluster (Increases Oracle Availability and Scalability) • Key Benefits • Utilising best-in-class clustering solutions • Leverages VERITAS’ NetBackup and Foundation Suite experience on Oracle • Delivers maximum performance • Supports heterogeneous storage environments • Reduces storage management costs • Keeps critical Oracle servers running smoothly

46. VERITAS Supports New Sun Fire Series Servers • VERITAS Cluster Server and Volume Manager supported on Sun Fire Series Servers • VERITAS is only ISV to be certified on both T3 arrays and Sun Fire series servers • Cooperative efforts ensure delivery of thoroughly tested high availability solutions for VERITAS and SUN customers • Software and hardware undergo intensive evaluation and certification • Enables fast, thorough testing of hardware and software and immediate deployment of new technology. • VERITAS is first to certify on: • Sun Fire Servers • Storedge T3 Arrays

47. Summary(VERITAS Delivers Superior Return on Investment) • Build three dimensions of interoperability into all of our products and solutions • Integrated Product Stack / Application Solutions • Cross Operating System • Storage Vendor Independence • Complete spectrum of Data Availability solutions comprised of industry leading point products • Optimizes IT budget & investments • Reduced Storage Costs • Reduced Server Costs • Maintained or Reduced Staffing Levels • Improved Service Levels • Reduced Risk Exposure Due to Disaster

48. Summary(New Announcements) Full Delivery of VERITAS on HP-UX 11i Advanced Cluster Capabilities for Oracle Further strong Partnership with SUN