OpenText Investor Presentation Deck
FY'23 Target Model
opentext™
Revenue Type:
Cloud Services and Subscriptions
Customer Support
Annual Recurring Revenue (ARR)
License
Professional Services and Other
Non-GAAP Gross Margin(¹):
Cloud Services and Subscriptions
Customer Support
License
Professional Services and Other
Non-GAAP Gross Margin (¹)
Non-GAAP Operating Expenses:
Research & Development
Sales & Marketing
General & Admin
Depreciation
Total Operating Expenses
A-EBITDA Margin(1)
Interest and Other Related Expense (USD millions)
Adjusted Tax Rate (2)
Capital Expenditures (USD millions)
Fiscal 2022 Actuals
43.9%
38.1%
82.0%
10.3%
7.7%
67.0%
91.1%
96.2%
20.9%
75.6%
12.1%
18.7%
8.5%
2.5%
41.9%
36.2%
$157.9
14.0%
$93.1
Fiscal 2023 Model (3,4)
44% -46%
36% - 38%
81% - 83%
9% -11%
7% -9%
Constant
75% - 77%
12% -14%
18% - 20%
7% -9%
2% -4%
42% -44%
36.0% - 36.5%
$170 - $180
14.0%
$80 - $90
1. Please refer to "Use of Non-GAAP Financial Measures" at the end of this presentation and "Reconciliation of selected GAAP-based measures to Non-GAAP-based measures" included within our current and historical filings on Forms 10-Q, 10-K and 8-K.
2. Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's adjusted tax rate.
3. This model is not guidance.
4. Reflects the acquisition of Zix Corporation. Bricata acquisition impact is immaterial and not included.
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