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