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Primary Symbol: T.OTEX

Open Text Corporation is a Canada-based information management company, which provides software and services. Its 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 solutions... see more

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Open Text Corp > Reports Fourth Quarter and Fiscal Year 2021 Financial Result

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Post by Betteryear2 on Aug 05, 2021 4:14pm

Reports Fourth Quarter and Fiscal Year 2021 Financial Result

Record Annual Total Revenues with Cloud Revenue Growth of 21.6%

Repurchases 2.5 Million Common Shares and Increases Dividend by 10%

WATERLOO, ON, Aug. 5, 2021 /CNW/ --

Fiscal 2021 Fourth Quarter Highlights Y/Y

Total Revenues (in millions)		Annual Recurring Revenues (in millions)		Cloud Revenues (in millions)
Reported	Constant Currency	Reported	Constant Currency	Reported	Constant Currency
$893.5	$859.4	$694.4	$671.8	$360.2	$352.7
+8.1%	+4.0%	+5.6%	+2.2%	+8.3%	+6.0%
Annual Recurring Revenues represent 78% of Total Revenues

Operating cash flows were $296.2 million and free cash flows were $268.8 million
GAAP-based net income of $181.3 million, up 586.9% Y/Y, margin of 20.3%, up 1,710 basis points Y/Y
Adjusted EBITDA of $314.8 million, down 0.8%, margin of 35.2%, down 320 basis points Y/Y
GAAP-based diluted EPS of $0.66, up 560.0% Y/Y
Non-GAAP diluted EPS of $0.80, constant Y/Y
During the quarter, the company repurchased and cancelled 2.5 million common shares for $119.1 million under our Share Repurchase Plan
Quarterly cash dividend increased by 10%

https://www.newswire.ca/news-releases/opentext-reports-fourth-quarter-and-fiscal-year-2021-financial-results-826885527.html