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F'24 Target Model(¹)
F'23
Reported
$528
1.2%
$4.485
32.8%
$655
($132)
F'23
14%
$329
$124
Ent. Cloud Bookings (3) (USD$M) and Growth Y/Y%
Organic CC (2) Growth(4) Y/Y%
Total Revenues (USD$B)
A-EBITDA Margin(5)
Free Cash Flows (USD$M)(5)(6)
FX Revenues (headwind)/tailwind (USD$M)
Adj Tax Rate(8)
Net Interest Expense and Other (USD$M)
Capital Expenditures (USD$M)
Updated
opentext™ (1), (2), (3), (4), (5), (6), (7), (8) See Slide Notes
F'24E in CC (2)
15%+
1% to 2%
$5.85 to $5.95
36% to 38%
$800 to $900
Neutral
F'24E
14%
$550 to $570
$140 to $160
Expect Micro Focus to return to organic growth in F'24
F'23
Reported
USD$M
$1,700 37.9%
$1,915 42.7%
$3,615
$539
80.6%
12.0%
7.4%
$331
$4.485
% of Rev
76.1%
14.3%
20.2%
8.7%
2.4%
45.6%
Cloud Services and Subscriptions
Customer Support
ARR(7)
License Revenues
Professional Services
Total Revenues (USD$B)
Non-GAAP Gross Margin(5)
Research & Development (5)
Sales & Marketing (5)
General & Admin (5)
Depreciation (5)
Total Operating Expenses (5)
F'24E in CC (2)
% of Revenues
30% to 32%
45% to 47%
76% to 78%
15% to 17%
6% to 8%
$5.85 to $5.95
77% to 79%
14% to 16%
18% to 20%
7% to 9%
1% to 3%
42% to 44%
Y/Y Growth
6% to 8%
40% to 42%
24% to 26%
71% to 73%
29% to 31%
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