secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001002638-24-000073
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OpenText Q1 FY2025 revenues $1.27B (-11% YoY); GAAP EPS $0.32, Non-GAAP $0.93
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- Revenue $1.27B (down 11% YoY, but only down 1.8% adjusted for AMC divestiture).
- Cloud revenue $457M (+1.3% YoY); enterprise cloud bookings $133M (+10.3% YoY).
- GAAP net income $84M ($0.32 diluted EPS); Adjusted EBITDA $444M (35.0% margin).
- Operating cash flow ($78M) and free cash flow ($117M) due to one-time AMC divestiture tax.
- Dividend $0.2625/share payable Dec 20, 2024; 7.72M shares repurchased and canceled over last 2 quarters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263824000073/0001002638-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263824000073/otex-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001002638-24-000073

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