OpenText Reports Q3 F'24 Financial Results - Total revenues of $1.447 billion, up 16.3% Y/Y or up 16.0% in constant currency (CC)
- Annual Recurring Revenues (ARR) of $1.146 billion, up 13.3% Y/Y or up 13.1% in CC
- Cloud revenues of $455 million, up 4.4% Y/Y and up 4.4% in CC
- Quarterly enterprise cloud bookings(1) of $165 million, up 52.6% Y/Y
- Operating cash flows of $385 million, up 14.2% Y/Y
- Free cash flows(2) of $348 million, up 13.9% Y/Y
- GAAP-based net income of $98 million
- Adjusted EBITDA(2) of $464 million, up 27.0% Y/Y, margin of 32.0%
- GAAP-based diluted earnings per share (EPS) of $0.36, Non-GAAP diluted EPS(2) of $0.94
- Completed previously announced sale of AMC business to Rocket Software for $2.275 billion in cash before taxes, fees and other adjustments
WATERLOO, ON, May 2, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the third quarter ended March 31, 2024.
OpenText Reports Q3 F'24 Financial Results (prnewswire.com)