earnings
confidence high
sentiment positive
materiality 0.75
OpenText reports FY2024 revenue $5.77B (+29%); raises FY2025 margin targets, announces $300M buyback, dividend up 5%
OPEN TEXT CORP
2024-FY EPS reported
$1.71
revenue$5,769,577,000
- FY2024 total revenues $5.77B (+28.6% YoY); Q4 revenues $1.36B (-8.6% YoY reflecting AMC divestiture).
- GAAP net income FY2024 $465M (EPS $1.71); Non-GAAP diluted EPS $4.17; Adjusted EBITDA $2.0B (34.1% margin).
- Free cash flows FY2024 $808M; net leverage ratio reduced from 3.8x to 2.9x.
- New $300M share repurchase program; annualized dividend increased 5% to $1.05/share ($0.2625 quarterly).
- Enterprise cloud bookings FY2024 $701M (+32.9% YoY); completed AMC divestiture for $2.275B.