Gen Digital (US:GEN)2024-02-01 22:27Financial Performance & Guidance - Q4 FY24 revenue is projected to be between $960 million and $970 million, with EPS between $0.52 and $0.54[3] - FY24 revenue is expected to be between $3.805 billion and $3.815 billion, with EPS between $1.95 and $1.97[4] - Q3 FY24 revenue reached $951 million, a 2% increase year-over-year in both USD and constant currency[23] - Q3 FY24 EPS was $0.49, a 10% increase year-over-year in USD[23] - The company achieved approximately $290 million in annual run-rate synergies to date[10] Profitability & Margins - The company is making continued progress towards a 60% margin[13] - Q3 FY24 operating margin expanded to 58.7%, a 250 basis points increase[23] Balance Sheet & Capital Structure - The company's debt principal stands at $9.375 billion[11] - The company has liquidity of approximately $2 billion, including ~$500 million in cash and $1.5 billion undrawn on the revolver[11] - The company's net leverage is 3.9x Debt/EBITDA, with a long-term target of below 3x[12] - The company has made $834 million in total debt repayments[12] Cyber Safety Metrics - Cyber Safety revenue increased by 3% in constant currency[23] - Direct customers increased by 330,000 sequentially[42] - Direct retention rate is 77%[25] - The company blocked 1 billion attacks monthly in Q3, resulting in 10 billion in 2023[44]