Financial Data and Key Metrics Changes - Total revenues for Q4 were $1,310,000,000, with organic year-over-year growth excluding AMC, IP rights, and DXC [9] - For the full fiscal year 2025, total revenues were $5,170,000,000, down 3% excluding AMC and approximately 1% excluding IP rights and DXC [10] - Adjusted EBITDA for Q4 was $444,000,000, representing a 34% margin, significantly up excluding AMC [9] - Free cash flow for the year was $687,000,000, exceeding the high end of the target range [13] - Adjusted EPS was $3.82, showing strong growth excluding AMC [13] Business Line Data and Key Metrics Changes - Cloud revenue for Q4 was $475,000,000, reflecting a 2% year-over-year growth [9] - Cloud bookings surged to $238,000,000, marking a 32% year-over-year increase [9] - Cybersecurity accounted for 30% of cloud revenues, with content and Business Network also at 30%, while OSM and DevOps made up 10% each [11] - Content, OSM, and DevOps each grew faster than 10% year-over-year, while cybersecurity experienced a negative growth of 4% [11] Market Data and Key Metrics Changes - Total cloud RPO increased by 13%, with current cloud RPO up 8% and long-term RPO up 17% [12] - Cloud renewal rate stood at 96% at the end of Q4 [12] - The company reported a strong annual recurring revenue of approximately 81% in Q4, up 20 basis points year-over-year [47] Company Strategy and Development Direction - The company aims to expand its competitive advantage through Business AI, Business Clouds, and Business Security, with a focus on delivering total revenue growth through compelling solutions [7] - The medium-term business model targets approaching the "Rule of 40," balancing revenue growth with adjusted EBITDA margin [23] - The company plans to grow its annual dividend by 5% and repurchase $300,000,000 of its stock in fiscal year 2026 [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in fiscal year 2026, projecting total revenue growth of 1% to 2% and cloud revenue growth of 3% to 4% [19] - The geopolitical environment is seen as a driver for customers to invest in sovereign clouds, which is expected to positively impact bookings growth [56] - Management acknowledged challenges in fiscal year 2025 but emphasized a strong outlook for fiscal year 2026, driven by cloud and AI innovations [15] Other Important Information - The company completed a significant divestiture of its mainframe business and executed a large business optimization program [6] - A new $30,000,000 share repurchase program was announced alongside a return to M&A activities [6] Q&A Session Summary Question: What are you seeing from end demand and customer behavior given uncertainties? - Management noted a strong trend towards sovereign cloud and an increase in customer control over deployments, which is seen as a positive driver for growth [56] Question: How much of the maintenance decline is operational, and can pricing be adjusted? - The decline in maintenance is improving due to performance and growth programs, with a focus on core operating metrics showing positive trends [60] Question: What cloud business units are seeing outsized growth? - All cloud business units are experiencing growth, with content, OSM, and DevOps growing faster than 10% year-over-year, while cybersecurity is expected to return to growth [72][73] Question: How much of the fiscal year 2026 growth is visible in RPO? - Current cloud RPO is approximately 60% of revenues, providing strong visibility for the projected growth [76] Question: What conditions would lead to M&A activities? - The company is interested in acquisitions that align strategically and financially, with a focus on cloud and high-growth areas [78] Question: Where is the company investing the most currently? - The company is focusing investments in content, security, and OSM, with an aim to return Business Network to growth [83]

Core Insights - OpenText has launched Project Titanium X, integrated with Cloud Editions 25.2, marking a significant advancement in their Business Clouds, Business AI, and Business Technology offerings [1][2][4] Product Features - Cloud Editions 25.2 provides a comprehensive suite of enterprise capabilities focused on process automation, data management, security, and AI, aimed at enhancing growth and productivity for organizations of all sizes [3][5] - The platform introduces various specialized solutions, including OpenText Content Management for Guidewire for insurance processes, Core Threat Detection & Response for cybersecurity, and Trading Grid Command Center for supply chain analytics [6][7] - Enhanced AI support is provided through OpenText Aviator, which integrates AI capabilities across applications to streamline workflows and improve operational efficiency [9] Strategic Goals - The release aims to empower organizations to create a limitless digital workforce, augmenting human capabilities with AI agents to improve productivity and innovation [4][7] - OpenText emphasizes seamless multi-cloud integration, ensuring smooth operations across major cloud platforms and compliance with global standards, achieving 99.99% cloud availability [7][8] Market Position - OpenText positions itself as a leader in Information Management software, offering a comprehensive suite of solutions to address complex global challenges [11]

Core Insights - OpenText is hosting two major summits in London and Munich in April 2025 to showcase advancements in Business AI, Business Clouds, and Business Security, aimed at enhancing enterprise growth and operations [1][2] Group 1: Event Details - OpenText Summit London is scheduled for April 1, 2025, followed by OpenText Summit Munich on April 3, 2025, featuring keynotes from CEO & CTO Mark J. Barrenechea [1][3] - The summits will gather IT decision-makers, industry leaders, and technology experts to discuss breakthroughs in information management and AI [1][2] Group 2: Key Topics and Discussions - Discussions will focus on harnessing AI for digital transformation, accelerating decision-making, and enhancing productivity through data-driven insights [5] - The evolution of cyber threats and the use of AI to predict and neutralize cyberattacks will be a significant topic [5] - Simplifying digital complexity and eliminating data silos will be emphasized for businesses aiming to reinvent their information management [5] Group 3: Featured Speakers and Insights - Notable speakers include Dr. Henning Beck, who will discuss the intersection of AI and brain science, and Sue Daley, OBE, who will address digital accessibility in the public sector [3][4] - OpenText executives will share insights on sustainable, customer-centric innovation and the company's strategy to unlock $1 billion in savings over the next decade through innovation and efficiency [2][7][8]