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| Fourth Quarter Fiscal Year Outlook | |||
| In millions, except per share data | |||
| Q4 - 2024 | |||
| Revenue | $1,240-$1,280 | ||
| GAAP Diluted earnings per share | $1.34-$1.42 | ||
| Non-GAAP Diluted earnings per share | $1.67-$1.73 |
Fourth quarter revenue guidance assumes immaterial sequential impact from foreign currency fluctuations as compared to the third quarter of fiscal 2024
Fourth quarter non-GAAP diluted EPS guidance excludes equity-based compensation expense of approximately $0.18-$0.20 per share, amortization of purchased intangible assets and other acquisition-related costs of approximately $0.11 per share, changes in certain acquisitions related liabilities measured at fair value, and other, net of related tax effects
GAAP diluted EPS guidance does not include the impact of future expected restructuring charges
| Full Year Fiscal 2024 Outlook | ||||||||
| FY 2024 - Year-over -Year growth | ||||||||
| Current guidance | Previous guidance | |||||||
| Revenue Growth, as reported | 1.9%-2.7% | 1.6%-3.6% | ||||||
| Revenue Growth, constant currency (1) | 2.3%-3.1% | 1.7%-3.7% | ||||||
| GAAP Diluted earnings per share | 7.4%-9.2% | 7.0%-13.0% | ||||||
| Non-GAAP Diluted earnings per share | 8.5%-9.5% | 7.0%-11.0% | ||||||
| FY 2024, in millions | ||||||||
| Current guidance | Previous guidance | |||||||
| Free Cash Flow (2) | $ | 700 | $ | 700 | ||||
Full year fiscal 2024 revenue guidance incorporates an expected unfavorable impact from foreign currency fluctuations of approximately 0.4% year-over-year, as compared with an unfavorable impact of about 0.1% year-over-year previously
Non-GAAP diluted earnings per share growth excludes equity-based compensation expense of approximately $0.72-$0.74 per share, amortization of purchased intangible assets and other acquisition-related costs of approximately $0.46 per share, restructuring charges of $0.35, changes in certain acquisitions related liabilities measured at fair value, and other, net of related tax effects
GAAP diluted EPS guidance does not include the impact of future expected restructuring charges
Non-GAAP operating margin is anticipated to be within a range of 18.1% to 18.7% for the full year fiscal 2024
Non-GAAP operating margin is comprised of GAAP operating margin, excluding amortization on purchased intangible assets and other, equity-based compensation expense, restructuring charges, and changes in certain acquisitions related liabilities measured at fair value
Non-GAAP effective tax rate is anticipated to be within a range of 13% to 17% for the full year fiscal 2024
Free cash flow(2) is comprised of cash flow from operations, less net capital expenditures and other, and excludes payments related to restructuring charges
The forward looking statements regarding our fourth fiscal quarter 2024 and full year fiscal 2024 guidance take into consideration the Company's current expectations regarding macro and industry specific risks and various uncertainties and certain assumptions that we will discuss on our earnings conference call. However, we note that market dynamics continue to shift rapidly and we cannot predict all possible outcomes, including those resulting from certain geopolitical events, the current inflationary environment, global or regional events, such as the COVID-19 pandemic and the prevailing level of macro-economic, business and operational uncertainty, which have created, and continue to create, a significant amount of uncertainty, or from current and potential customer consolidation or their other strategic corporate activities.
Posted In: DOX
