OPEN TEXT CORP
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
OTEX$24.56-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Income
(In thousands of U.S. dollars, except share and per share data)
| Three Months EndedMarch 31, | Nine Months EndedMarch 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues (Note 3): | ||||
| Cloud services and subscriptions | $454,528 | $435,449 | $1,355,633 | $1,248,774 |
| Customer support | 691,441 | 575,884 | 2,084,916 | 1,209,743 |
| License | 200,363 | 139,722 | 662,627 | 310,230 |
| Professional service and other | 100,799 | 93,619 | 304,252 | 225,403 |
| Total revenues | 1,447,131 | 1,244,674 | 4,407,428 | 2,994,150 |
| Cost of revenues: | ||||
| Cloud services and subscriptions | 186,400 | 157,658 | 537,960 | 423,771 |
| Customer support | 74,639 | 67,067 | 223,027 | 123,010 |
| License | 6,769 | 3,840 | 16,591 | 10,461 |
| Professional service and other | 75,455 | 78,526 | 230,836 | 186,390 |
| Amortization of acquired technology-based intangible assets (Note 8) | 48,094 | 62,639 | 195,702 | 146,139 |
| Total cost of revenues | 391,357 | 369,730 | 1,204,116 | 889,771 |
| Gross profit | 1,055,774 | 874,944 | 3,203,312 | 2,104,379 |
| Operating expenses: | ||||
| Research and development | 234,022 | 210,731 | 688,679 | 430,629 |
| Sales and marketing | 296,249 | 271,013 | 848,313 | 615,354 |
| General and administrative | 145,924 | 127,047 | 450,399 | 282,724 |
| Depreciation | 32,109 | 30,577 | 99,615 | 76,609 |
| Amortization of acquired customer-based intangible assets (Note 8) | 100,841 | 97,237 | 334,958 | 205,121 |
| Special charges (recoveries) (Note 18) | 19,561 | 74,350 | 87,521 | 98,937 |
| Total operating expenses | 828,706 | 810,955 | 2,509,485 | 1,709,374 |
| Income from operations | 227,068 | 63,989 | 693,827 | 395,005 |
| Other income (expense), net (Note 22) | 9,950 | 85,706 | (38,664) | 59,824 |
| Interest and other related expense, net | (132,663) | (104,502) | (413,719) | (183,599) |
| Income before income taxes | 104,355 | 45,193 | 241,444 | 271,230 |
| Provision for (recovery of) income taxes (Note 15) | 6,028 | (12,420) | 24,434 | 71,979 |
| Net income for the period | $98,327 | $57,613 | $217,010 | $199,251 |
| Net (income) attributable to non-controlling interests | (42) | (57) | (149) | (138) |
| Net income attributable to OpenText | $98,285 | $57,556 | $216,861 | $199,113 |
| Earnings per share—basic attributable to OpenText (Note 23) | $0.36 | $0.21 | $0.80 | $0.74 |
| Earnings per share—diluted attributable to OpenText (Note 23) | $0.36 | $0.21 | $0.80 | $0.74 |
| Weighted average number of Common Shares outstanding—basic (in '000's) | 272,272 | 270,441 | 271,671 | 270,143 |
| Weighted average number of Common Shares outstanding—diluted (in '000's) | 273,033 | 270,650 | 272,349 | 270,173 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.