Total Growth Model: Cloud and ARR Growth
Summary of Year to Date Results with Constant Currency
% Change
in CC*
(In millions U.S. dollars, except per share data)
FY'24 YTD
FY'23 YTD
$ Change
% Change
FY'24 in CC*
Revenues:
Cloud services and subscriptions
Customer support
Total annual recurring revenues**
License
Professional service and other
$901.1
1,393.5
$813.3
$87.8
10.8 %
633.9
759.6
119.8 %
$2,294.6
$1,447.2
$847.4
58.6 %
462.3
170.5
291.8
171.1 %
$894.7
1,370.8
$2,265.5
454.2
10.0 %
116.3 %
56.5 %
166.4 %
203.5
131.8
71.7
54.4 %
199.1
51.1 %
Total revenues
$2,960.3
$1,749.5
$1,210.8
69.2 %
$2,918.8
66.8 %
GAAP-based operating income
$466.8
$331.0
$135.7
41.0 %
N/A
N/A
Non-GAAP-based operating income (1)
$993.7
$599.0
$394.7
65.9 %
$964.4
61.0 %
GAAP-based net income, attributable to OpenText
$118.6
$141.6
($23.0)
(16.2) %
N/A
N/A
GAAP-based EPS, diluted
$0.44
$0.52
($0.08)
(15.4) %
N/A
N/A
Non-GAAP-based EPS, diluted (1) (2)
$2.25
$1.66
$0.59
Adjusted EBITDA (1)
$1,061.1
$645.0
$416.1
Operating cash flows
$397.8
$327.1
Free cash flows (1)
$315.0
$258.6
$70.6
$56.4
35.5 %
64.5 %
21.6 %
$2.17
30.7 %
$1,030.7
59.8 %
N/A
N/A
21.8 %
N/A
N/A
(1) See reconciliation of GAAP-based measures to Non-GAAP-based measures at the end of this presentation.
(2) Please also see Note 14 to the Company's Fiscal 2018 Consolidated Financial Statements on Form 10-K. Reflective of the amount of net tax benefit arising from the internal reorganization assumed to be allocable
to the current period based on the forecasted utilization period.
Note: Individual line items in table may be adjusted by non-material amounts to enable totals to align to published financial statements.
*CC: Constant Currency for this purpose is defined as the current period reported revenues/expenses/earnings represented at the prior comparative period's foreign exchange rate.
** Annual recurring revenue is defined as the sum of Cloud services and subscriptions revenue and Customer support revenue.
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