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      "text": "Accelerate Micro Focus cloud growth and improve renewals\nEnterprise cloud bookings of 15%+ through at least F'26\nImprove Micro Focus renewals from low-80s",
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      "text": "Upper quartile Free Cash Flows(1) and expansion target\nF'23: $0.5B to $0.6B\nF'24: $0.8B to $0.9B\nF'26: $1.5B+",
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      "text": "Continuation of dividend program (3)\n20%+ of TTM Free Cash Flows",
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      "text": "Rapid 8-quarter deleveraging program\n3.8x Net Leverage (2) at closing of Micro Focus\n< 3.0x Net Leverage within 8 full quarters",
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      "text": "1. Please refer to \"Reconciliation of selected GAAP-based measures to non-GAAP-based measures\" included within our current and historical filings on forms 10Q, 10K and 8-K.\n2. Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology.\n3. Declaration of dividend subject to board discretion.",
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