Record Fiscal 2024 Revenue of $5.00 Billion
Overview
In the fiscal year 2024, our company achieved a record revenue of $5.00 billion, representing a 2.4% increase year-over-year as reported and a 2.7% increase year-over-year in constant currency. This milestone was made possible through our continued focus on growth strategies and operational excellence.
Profitability Improvement
We successfully achieved accelerated profitability improvement targets during the fiscal year 2024. By optimizing our business operations and streamlining processes, we were able to enhance our profitability and drive sustainable growth.
Fiscal 2025 Outlook
Looking ahead to the fiscal year 2025, we are sharpening our focus on strategic priorities while phasing out certain non-core, low-margin business activities. As a result, we expect a revenue outlook of (10.9)%-(7.7)% year-over-year as reported and 1%-4.5% year-over-year in pro forma constant currency.
Total Shareholder Returns
Our goal for the fiscal year 2025 is to target double-digit total shareholder returns, supported by enhanced profitability improvement. The Board of Directors has approved a 10% increase in the quarterly cash dividend, reflecting our commitment to delivering value to our shareholders.
Full Year Fiscal 2024 Highlights
The highlights of the full year fiscal 2024 include record revenue across regions, record managed services revenue, GAAP and non-GAAP diluted EPS performance, free cash flow generation, share repurchases, and backlog growth. These achievements demonstrate our strong financial performance and market position.
Fourth Quarter Fiscal 2024 Highlights
In the fourth quarter of fiscal 2024, we continued our growth trajectory with record revenue, GAAP and non-GAAP diluted EPS performance, and operating margin improvement. Despite challenges in the operating environment, we remained focused on driving operational excellence and delivering value to our stakeholders.
Conclusion
Overall, the record fiscal 2024 revenue of $5.00 billion, coupled with our profitability improvement and strategic outlook for fiscal 2025, position us for continued success and growth in the competitive marketplace.
Impact on Me
Personal Finance
As a shareholder, the increase in quarterly cash dividend payment will result in higher returns for me, providing additional income and potentially increasing the overall value of my investment in the company.
Impact on the World
Economic Growth
Our company’s strong financial performance and growth trajectory contribute to economic growth by creating jobs, stimulating innovation, and fostering overall prosperity in the global marketplace.
