secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001002638-23-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263823000030/0001002638-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263823000030/otex-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001002638-23-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer