Bullboard - Stock Discussion Forum Open Text Corp OTEX

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 > OpenText Reports Q3 F'24 Financial Results

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Post by Betteryear2 on May 02, 2024 4:31pm

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)

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