2025 guidance for earnings greater than $7.35 per share is more than 10 percent growth year-over-year compared to a normalized 2024 earnings per share baseline, excluding the 45-cent impact of the CrowdStrike-caused outage in the September quarter. On a non-GAAP basis, 2025 earnings per share guidance represents greater than 19 percent growth year-over-year.
FY 2025 Forecast2
3-5 Year Targets4
Earnings Per Share YoY
Greater than 10%
10% average
Free Cash Flow ($B)
Greater than $4
$3 - $5
Gross Leverage3
2x or less
1x
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