OpenText(US:OTEX)2024-08-01 20:16Financial Performance & Targets - OpenText's Fiscal Year 2024 (F'24) total revenue reached $5.77 billion, representing a 29% year-over-year (y/y) growth[6] - Cloud revenue for F'24 was $1.82 billion, a 7% y/y increase[6] - Adjusted EBITDA (A-EBITDA) for F'24 amounted to $1.97 billion, reflecting a 34% y/y growth[6] - The company targets A-EBITDA margin range of 33% to 34% for Fiscal Year 2025 (F'25), 35% to 36% for F'26, and 36% to 38% for F'27[6,16] - OpenText anticipates a return of capital exceeding $570 million in F'25, which is a 37% y/y increase[6,16] Capital Allocation - OpenText plans to repurchase $300 million in shares in F'25, a 100% y/y increase[6,16] - The company intends to increase annualized dividends per share from $1.00 to $1.05, estimating a total of $270 million in dividend payments[6,16] - In F'24, OpenText returned $417 million to shareholders, including $267 million in dividends and $150 million in share repurchases[6] Fiscal Year 2025 (F'25) Outlook - OpenText projects total revenue between $5.3 billion and $5.4 billion for F'25[20] - The company expects cloud revenue to range from $1.85 billion to $1.90 billion in F'25[20] - Free cash flow is targeted between $575 million and $625 million for F'25, after accounting for a one-time cash tax payment of approximately $250 million related to the AMC divestiture[20] Q4 F'24 Results - Cloud revenue for Q4 F'24 was $465 million, a 3% increase compared to Q4 F'23[9] - Total revenue for Q4 F'24 was $1.362 billion, a 9% decrease compared to Q4 F'23[9] - Free cash flow for Q4 F'24 was $145 million, a 59% increase compared to Q4 F'23[9]