Modern Work Management
FY'22 Target Model (3)
Fiscal 2021 Actuals
Revenue Type:
Cloud Services and Subscriptions
Customer Support
Annual Recurring Revenue (ARR)
License
Professional Services and Other
Non-GAAP Gross Margin:
Cloud Services and Subscriptions
Customer Support
License
Professional Services and Other
Non-GAAP Gross Margin (1)
Non-GAAP Operating Expenses:
Research & Development
Sales & Marketing
41.6%
(3,4)
Fiscal 2022
as of Feb 03
42% -44%
39.4%
37% -39%
81.0%
81% - 83%
11.4%
9% -11%
7.7%
7% -9%
66.0%
65% - 67%
90.9%
91% - 92%
96.4%
96%-98%
25.1%
23% -24%
76.1%
75% - 77%
General & Admin
Depreciation
12.2%
17.8%
7.3%
2.5%
Total Operating Expenses
A-EBITDA Margin (1)
Interest and Other Related Expense (USD millions)
Adjusted Tax Rate(2)
Capital Expenditures (USD millions)
38.8%
$151.6
14%
$63.7
12% -14%
18%-20%
7% -9%
2% -4%
42% -44%
35.5% 36.5%
$156 - $161
14%
$80-$90
opentext™
1. Please refer to "Use of Non-GAAP Financial Measures" in the Q2 FY'22 investor presentation (Feb 3, 2022) and "Reconciliation of selected GAAP-based measures to Non-GAAP-based measures" included within our current and historical filings on Forms 10-Q, 10-K and 8-K.
2. Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's adjusted tax rate.
3. This model is not guidance.
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4. Reflects the acquisition of Zix Corporation and Bricata during Q2 Fiscal 2022.View entire presentation