OpenText Q2 FY23 record revenue $897M (+2.4% YoY); cloud rev $409M (+12%); closes Micro Focus acquisition

OPEN TEXT CORP

2023-Q2 EPS reported $0.52 revenue$1,749,476,000

GAAP net income $258M (+192.7% YoY); diluted EPS $0.96; non-GAAP diluted EPS $0.89.
Adjusted EBITDA $341M (38.0% margin); TTM adjusted EBITDA $1,243M (35.2% margin).
Enterprise cloud bookings $144.7M (+12% YoY); cloud revenue $409M (+12% YoY, +16% constant currency).
Closed Micro Focus acquisition on Jan 31, 2023; $1B senior secured notes and $3.585B term loan completed.
Quarterly dividend of $0.24299 per share declared, payable March 23, 2023 to holders of record March 3, 2023.

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 0.9

OPEN TEXT CORP reported the quarter ended December 31, 2022 results: revenue $897 million, net income $258 million, EPS $0.96.

Period: the quarter ended December 31, 2022
Revenue: $897 million
Net income: $258 million
EPS: $0.96
Result: reported results

Exact text from the filing

Total revenues of $897 million, up 2.4% Y/Y or up 7.8% in constant currency • Annual recurring revenues (ARR) of $725 million, up 3.6% Y/Y or up 8.7% in constant currency • Cloud revenues of $409 million, up 12.0% Y/Y or up 16.0% in constant currency • Eight consecutive quarters of cloud organic and ARR organic growth in constant currency • Strong quarterly enterprise cloud bookings (1) of $144.7 million, up 12% Y/Y • Operating cash flows of $195 million and free cash flows (3) of $163 million • TTM operating cash flows (2) of $903 million and TTM free cash flows (2)(3) of $778 million • GAAP-based net income of $258 million, up 192.7% Y/Y, margin of 28.8%, up 1,870 basis points Y/Y, including $172 million of pretax unrealized gains on mark-to-market valuations related to derivative transactions in connection with the Micro Focus acquisition • Adjusted EBITDA (3) of $341 million, margin of 38.0% and TTM Adjusted EBITDA (2)(3) of $1,243 million, margin of 35.2% • GAAP-based diluted earn

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Source: SEC EDGAR

accession 0001002638-23-000010

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