Total Growth Model: Cloud and ARR Growth
F'26 Aspirations (in Constant Currency)
Including AMC
Excluding AMC (1)
(estimated, pro forma)
Enterprise Cloud Bookings Growth (1), (2)
15%+
15%+
Subject to close, excluding future synergies and Cloud/Al growth
opportunities. Further update expected upon closing.
Expanded Consumption, Cloud and Al
Cloud Organic Revenue Growth (1),(3)
7% to 9%
7% to 9%
Continued Information Management momentum
ARR Organic Growth (4)
2% to 4%
2% to 4%
Higher ARR expected between ARR 78% to 80% of Total Revenue
Total Organic Revenue Growth (1),(3)
2% to 4%
2% to 4%
Micro Focus expected to return to organic growth in F'24
Total Revenues
$6.2B to $6.4B
$5.7B to $5.9B
Market share gains through cloud acceleration and opentext.ai
A-EBITDA Margin (5) (%)
38% to 40%
36% to 38%
Free Cash Flows (5),(6) (FCF)
Capital Allocation (7)
Non-GAAP Effective Tax Rate (8)
$1.5B+
20% of TTM FCF
To Dividend Program
Mid 20%'s
$1.2B to $1.3B
30% of TTM FCF
To Dividend Program plus potential
share buybacks
Mid 20%'s
Upper quartile profitability while investing in innovation
Continued high conversion from A-EBITDA and working capital efficiency
Returns OpenText to capital flexibility, including potential share buybacks
Utilization of tax attributes while enhancing current structure
opentext™
(1), (2), (3), (4), (5), (6), (7), (8) See Slide Notes
© 2024 Open Text
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