Bullboard - Stock Discussion Forum Open Text Corp T.OTEX

Alternate Symbol(s): OTEX

OpenText Corporation is a Canada-based information management company, which provides software and services. The Company’s comprehensive Information Management platform and services provide secure and scalable solutions for global companies, small and medium-sized businesses (SMBs), governments and consumers around the world. It has a complete and integrated portfolio of information management... see more

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Open Text Corp > OpenText Reports Second Quarter Fiscal Year 2024 Results

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Post by Betteryear2 on Feb 01, 2024 4:15pm

OpenText Reports Second Quarter Fiscal Year 2024 Results

Record total revenues of $1.535 billion, up 71.0% Y/Y or up 68.2% in constant currency (CC)
Annual Recurring Revenues (ARR) of $1.146 billion, up 58.0% Y/Y or up 55.6% in CC
Cloud revenues of $450 million, up 10.1% Y/Y or up 9.2% in CC
Record quarterly enterprise cloud bookings(1) of $236 million, up 62.8% Y/Y
Operating cash flows of $351 million and free cash flows(2) of $305 million
GAAP-based net income of $38 million
Adjusted EBITDA(2) of $566 million, margin of 36.9%
GAAP-based diluted earnings per share (EPS) of $0.14, Non-GAAP diluted EPS(2) of $1.24
Announced definitive agreement to divest the Application Modernization and Connectivity (AMC) business to Rocket Software for $2.275 billion, net proceeds to reduce debt, applied to the Acquisition Term Loan and Term Loan B

WATERLOO, ON, Feb. 1, 2024 /CNW/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the second quarter ended December 31, 2023.

OpenText Reports Second Quarter Fiscal Year 2024 Financial Results (newswire.ca)