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  "presentationDate": "2023-02-01 00:00:00",
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      "text": "Financial consolidation (starting Feb 1, 2023)\nConversion of IFRS to US GAAP\nAlignment of reporting periods\nThis table is provided on a one-time basis given the timing of the closing date of the Micro Focus acquisition",
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      "text": "Q3 F'23 Target Model ranges before Y/Y FX revenue headwind of $30M to $35M\nand Y/Y A-EBITDA headwind of less than $5M",
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      "text": "1. Please refer to \"Use of Non-GAAP Financial Measures\" at the end of this presentation and \"Reconciliation of selected GAAP-based measures to Non-GAAP-based measures\" included within our current and historical filings on Forms 10-Q, 10-K and 8-K.\n2. Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's adjusted tax rate.\n3. This model is not guidance.",
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      "text": "OpenText with Micro Focus (as of Feb 2, 2023)\nQ3 F'23(2,3)\n% of Total Revenues\nRevenue Type:\nCloud Services and Subscriptions 35% - 37%\nCustomer Support 46% - 48%\nAnnual Recurring Revenue (ARR) 82% - 84%\nLicense 9% - 11%\nProfessional Services and Other 7% - 9%\nNon-GAAP Gross Margin(1) 74% - 76%\nNon-GAAP Operating Expenses:\nResearch & Development 17% - 19%\nSales & Marketing 21% - 23%\nGeneral & Admin 9% - 11%\nDepreciation 2% - 4%\nTotal Operating Expenses 52% - 54%\nInterest (USD$M)\nInterest and Other Related Expense $115 - $125",
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