OpenText Q3 FY2023: Revenue $1.24B (+41% Y/Y), ARR $1.01B, Cloud $435M; Dividend declared $0.24299/share

OPEN TEXT CORP

2023-Q3 EPS reported $0.74 revenue$2,994,150,000

Total revenues of $1.245B, up 41.1% Y/Y; ARR of $1.011B, up 37.7% Y/Y (81% of total revenue).
Cloud revenues $435M, up 8.3% Y/Y; enterprise cloud bookings $108M, flat Y/Y.
GAAP net income $58M ($0.21 EPS) down 22.9% Y/Y; Non-GAAP diluted EPS $0.73.
Adjusted EBITDA $365M (29.3% margin); TTM free cash flows $778M.
Board declares dividend $0.24299/share payable June 23, 2023, record June 2, 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 third quarter ended March 31, 2023 results: revenue $1.24 billion, net income $58 million, EPS $0.21.

Period: third quarter ended March 31, 2023
Revenue: $1.24 billion
Net income: $58 million
EPS: $0.21
Result: reported results

Exact text from the filing

Fiscal 2023 Third Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $1,245 $1,278 $1,011 $1,036 $435 $444 +41.1% +44.9% +37.7% +41.1% +8.3% +10.4% Annual Recurring Revenues represent 81% of Total Revenues • Total revenues of $1.24 billion, up 41.1% Y/Y or up 44.9% in constant currency • Annual Recurring Revenues (ARR) of $1.01 billion, up 37.7% Y/Y or up 41.1% in constant currency • Cloud revenues of $435 million, up 8.3% Y/Y or up 10.4% in constant currency • Nine consecutive quarters of cloud organic and ARR organic growth in constant currency • Quarterly enterprise cloud bookings (1) of $108 million, constant Y/Y • Operating cash flows of $337 million and free cash flows (3) of $306 million • TTM operating cash flows (2) of $916 million and TTM free cash flows (2)(3) of $778 million • GAAP-based net income of $58 million, down 22.9% Y/Y,

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Source: SEC EDGAR

accession 0001002638-23-000015

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