secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001002638-22-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263822000040/0001002638-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263822000040/otex-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001002638-22-000040

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