OpenText Investor Presentation Deck
Financial Targets and Aspirations
Continued investment in growth initiatives
(in constant currency)
Inclusive of Micro Focus
Organic Growth (% Y/Y) (²)
Total Revenue Growth (%Y/Y)
A-EBITDA Margin (3)
Driven by 15%+ Enterprise Cloud Bookings (1) Growth (Y/Y)
FCF (3,4) (USD$B)
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opentext™
Updated
Financial Target
F'23
1% to 2%
30% to 32%
-$4.54B to $4.61B
32.5% to 33.5%
$580M to $620M
Preliminary Financial Target
F'24*
1% to 2%
33% to 35%
-$5.9B to $6.0B
36% to 38%
$800M to $900M
3 Year Aspirations
1. Enterprise cloud bookings is defined as the total value from cloud services and subscription contracts, entered in the period that are new, committed and incremental to our existing contracts, excluding the impact of Carbonite and Zix.
2. Organic revenue growth is calculated by removing the revenue contribution from newly acquired companies for the first year post acquisition..
3. Please refer to "Use of Non-GAAP Financial Measures" at the end of this presentation 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.
4. Free Cash Flows on a reported basis.
F'26*
2% to 4%
2% to 4%
-$6.2B to $6.4B
*Assumes:
F'24 OpenText (excluding Micro Focus) organic growth in constant currency of 1.5% to 2.5% and Micro Focus (excluding Open Text) organic growth constant
F'26 OpenText (excluding Micro Focus) organic growth in constant currency of 3% to 5% and Micro Focus (excluding OpenText) organic growth in constant currency of 1% to 3%
38% to 40%
$1.5B+
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