OpenText reports record Q1 FY2024 revenue of $1.425B, up 67% YoY; declares $0.25 dividend

OPEN TEXT CORP

2024-Q1 EPS reported $0.30 revenue$1,425,429,000

Total revenues $1.425B (+67.3% YoY); annual recurring revenues $1.149B (+59.1% YoY), 81% of total.
Cloud revenues $451M (+11.5% YoY); enterprise cloud bookings $121M (+8.2% YoY).
GAAP net income $81M ($0.30 diluted EPS); non-GAAP diluted EPS $1.01.
Adjusted EBITDA $495M (34.7% margin); operating cash flow $47M, free cash flow $10M.
Board declares dividend of $0.25/share payable Dec 20, 2023 to holders of record Dec 1, 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 0.95

OPEN TEXT CORP reported first quarter ended September 30, 2023 results: revenue $1.425 billion, net income $81 million, EPS $0.30.

Period: first quarter ended September 30, 2023
Revenue: $1.425 billion
Net income: $81 million
EPS: $0.30
Result: reported results

Exact text from the filing

Constant Currency $1,425 $1,410 $1,149 $1,137 $451 $449 +67.3% +65.4% +59.1% +57.5% +11.5% +10.9% Annual Recurring Revenues represent 81% of Total Revenues • Total revenues of $1.425 billion, up 67.3% Y/Y or up 65.4% in constant currency (CC) • Annual recurring revenues (ARR) of $1,149 million, up 59.1% Y/Y or up 57.5% in CC • Cloud revenues of $451 million, up 11.5%

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Source: SEC EDGAR

accession 0001002638-23-000030

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