OpenText Q1 revenues $852M (+7.1% CC), cloud bookings up 37%; Micro Focus deal on track

OPEN TEXT CORP

2023-Q1 EPS reported -$0.43 revenue$852,036,000

Total revenues $852M, up 2.4% YoY (7.1% constant currency); cloud revenue $405M, +13.5% (+16.9% CC).
GAAP net loss ($117M) includes $181M unrealized derivative losses; non-GAAP EPS $0.77, adjusted EBITDA $304M (35.7% margin).
Annual recurring revenues $722M, 85% of total; enterprise cloud bookings $112M, up 37% YoY.
Declared quarterly dividend $0.24299/share, payable Dec 22, 2022 to holders of record Dec 2.
Micro Focus acquisition expected to close in Q1 calendar 2023; shareholders approved on Oct 18, 2022.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OPEN TEXT CORP reported the quarter ended September 30, 2022 results: revenue $852 million, net income ($117) million, EPS ($0.43).

Period: the quarter ended September 30, 2022
Revenue: $852 million
Net income: ($117) million
EPS: ($0.43)
Result: reported results

Exact text from the filing

Reported Constant Currency $852 $892 $722 $754 $405 $417 +2.4% +7.1% +4.4% +8.9% +13.5% +16.9% Annual Recurring Revenues represent 85% of Total Revenues • Total revenues of $852 million, up 2.4% Y/Y or up 7.1% in constant currency • Annual recurring revenues of $722 million, up 4.4% Y/Y or up 8.9% in constant currency, a record 85% of total revenues • Cloud

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

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Source: SEC EDGAR

accession 0001002638-22-000040

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