secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001002638-24-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OpenText Q3 revenue $1.45B (+16% YoY); cloud bookings up 53%; launches $250M buyback
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- Total revenues of $1.447B, up 16.3% YoY; ARR $1.146B, up 13.3% YoY.
- GAAP net income $98M ($0.36 diluted EPS); non-GAAP diluted EPS $0.94.
- Adjusted EBITDA $464M (+27% YoY, margin 32%); operating cash flow $385M.
- Completed AMC divestiture to Rocket Software for $2.275B; repaid $2B debt.
- Declared $0.25/share dividend, payable June 18; $250M share repurchase authorized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263824000024/0001002638-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263824000024/otex-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001002638-24-000024

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