Modern Work Management
FY'24 Medium-Term Aspirations
Organic Growth (1)
2% -4%
Strategic GROW with OpenText programs
ARR
85%
% of Total Revenue
Growth in cloud as a percent of total
Mid-90s Customer Support renewals and cloud subscriptions
A-EBITDA (2)
(margin)
38% - 40%
Improved margin through growth, scale and automation
Free Cash Flows (2)
(FCF)
$1.2B+
Targeting upper 20%'s FCF as percent of revenue
Capital Allocation (3)
M&A
opentext™
33% of FCF
33% dividends and anti-dilutive buybacks
67% for M&A and other corporate purposes
M&A is additive to our model
1. Revenue % are year-over-year comparisons.
2. 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.
3. Strategy subject to change based on acquisition opportunities or other corporate purposes. Corporate purposes may include acquisitions, debt repayment, share repurchases, or other initiatives.
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