Gen Digital (US:GEN)2024-05-09 21:01Financial Performance - Gen Digital's FY24 revenue reached $3.812 billion, a 14% increase year-over-year [17] - The company's Q4 FY24 revenue was $967 million, up 2% year-over-year [17] - FY24 EPS was $1.96, an 8% increase year-over-year [17] - The operating margin for FY24 was 58.3%, a 340 bps increase [17] Customer Metrics - Total paid customers reached 39 million+ [9] - Direct customers increased by 0.9 million year-over-year [4] - Direct monthly ARPU was $7.25, up $0.15 year-over-year [4] - Direct retention was 77.5%, a 250 bps increase since the merger [4] Cost Synergies and Debt Management - Approximately $300 million in annual cost synergies were achieved within 18 months [9, 21] - Debt was reduced by $658 million in Q4 FY24 [39] - The company received a $900 million domestic tax refund in January 2024 [40] Future Outlook - The company projects FY25 revenue between $3.890 billion and $3.930 billion [43] - FY25 EPS is projected to be between $2.17 and $2.23 [43]