Opentext reports fourth quarter and fiscal year 2024 financial results, raises fiscal 2025 margin targets

– delivers total annual revenues of $5.8 billion with 29% growth – – announces new $300 million share repurchase program – – increases annualized dividend by 5% – fiscal 2024 annual highlights y/y total revenues (in millions) annual recurring revenues (in millions) cloud revenues (in millions) reported constant currency reported constant currency reported constant currency $5,770 $5,729 $4,534 $4,506 $1,821 $1,816 +28.6 % +27.7 % +25.4 % +24.6 % +7.1 % +6.8 % annual recurring revenues represent 79% of total revenues     "opentext delivered solid fiscal 2024 financial results with total revenues of $5.8 billion, representing a 29% year-over-year growth, we grew organically, and delivered $2 billion in adjusted ebitda dollars, or 34%. looking ahead into fiscal 2025, we are focused on extending our information management competitive advantage, expanding margin, delivering a record year of capital return with our new $300 million share repurchase program, and increasing our annualized dividend from $1 per share to $1.05 per share.
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