4 unchanged sentences
As of June 30, 2025, we had no outstanding balance under the Revolver.
−Removed: Borrowings under the Revolver currently bear interest per annum at a floating rate of interest equal to Term SOFR (as defined in the Revolver) and a fixed margin dependent on our consolidated net leverage ratio ranging from 1.25% to 1.75%.
−Removed: As of June 30, 2024, with no outstanding balance on the Revolver, an adverse change of 100 basis points on the interest rate would have no effect on our annual interest payment (June 30, 2023—$2.8 million).
+Added: Borrowings under the Revolver bear interest per annum at a floating rate of interest equal to Term SOFR (as defined in the Revolver) and a fixed margin dependent on our consolidated net leverage ratio ranging from 1.25% to 1.75%.
+Added: As of June 30, 2025, with no outstanding balance on the Revolver, an adverse change of 100 basis points on the interest rate would have no effect on our annual interest payment (June 30, 2024—nil).
+Added: Tab le of C ontents
As of June 30, 2025, we had an outstanding balance of $2.2 billion under the Acquisition Term Loan.
8 unchanged sentences
We have hedged certain of our Canadian dollar foreign currency exposures relating to our payroll expenses in Canada.
−Removed: Based on the CAD foreign exchange forward contracts outstanding as of June 30, 2024, a one cent change in the Canadian dollar to U.S.
+Added: Based on the Canadian dollar foreign exchange forward contracts outstanding as of June 30, 2025, a one cent change in the Canadian dollar to U.S.
dollar exchange rate would have caused a change of $0.7 million in the mark-to-market valuation on our existing foreign exchange forward contracts (June 30, 2024—$0.7 million).
2 unchanged sentences
(i) three deal-contingent forward contracts, (ii) a non-contingent forward contract, and (iii) EUR/USD cross currency swaps.
−Removed: connection with the closing of the Micro Focus Acquisition the deal-contingent forward and non-deal contingent forward contracts were settled and we designated the 7-year EUR/USD cross currency swaps as net investment hedges.
+Added: In connection with the closing of the Micro Focus Acquisition the deal-contingent forward and non-deal contingent forward contracts were settled and we designated the 7-year EUR/USD cross currency swaps as net investment hedges.
Based on the 5-year EUR/USD cross currency swaps outstanding as of June 30, 2025, a one cent change in the Euro to U.S.
8 unchanged sentences
The following table shows our cash and cash equivalents denominated in certain major foreign currencies as of June 30, 2025 (equivalent in U.S.
−Removed: (In thousands) U.S.
−Removed: Equivalent at
−Removed: June 30, 2024
−Removed: Equivalent at
+Added: Dollar Equivalent at
+Added: (In thousands) June 30, 2025
June 30, 2024
Euro $ 266,726 $ 168,212
−Removed: Indian Rupee 73,955 57,199
British Pound
+Added: 153,293 57,290
+Added: 104,609 73,955
Swiss Franc 38,555 52,070
3 unchanged sentences
Total cash and cash equivalents $ 1,156,496 $ 1,280,662
+Added: Tab le of C ontents
If overall foreign currency exchange rates in comparison to the U.S.
1 unchanged sentence
dollars would decrease by $72.0 million (June 30, 2024—$52.2 million), assuming we have not entered into any derivatives discussed above under “Foreign Currency Transaction Risk.”
+Added: Financial Statements and Supplementary Data
+Added: The response to this Item 8 is submitted as a separate section of this Annual Report on Form 10-K.
+Added: See Part IV, Item 15.
+Added: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.