OPEN TEXT CORP
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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.
Sep 30, 2024 · Filed Oct 31, 2024
OTEX$24.56-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
(In thousands of U.S. dollars and shares, except per share data)
| Three Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues (Note 3): | ||
| Cloud services and subscriptions | $457,024 | $451,014 |
| Customer support | 595,490 | 697,713 |
| License | 125,813 | 173,026 |
| Professional service and other | 90,678 | 103,676 |
| Total revenues | 1,269,005 | 1,425,429 |
| Cost of revenues: | ||
| Cloud services and subscriptions | 175,257 | 171,412 |
| Customer support | 62,574 | 75,014 |
| License | 6,657 | 3,839 |
| Professional service and other | 66,915 | 79,922 |
| Amortization of acquired technology-based intangible assets (Note 6) | 47,244 | 76,824 |
| Total cost of revenues | 358,647 | 407,011 |
| Gross profit | 910,358 | 1,018,418 |
| Operating expenses: | ||
| Research and development | 190,693 | 226,231 |
| Sales and marketing | 245,882 | 280,007 |
| General and administrative | 106,730 | 131,211 |
| Depreciation | 32,171 | 34,091 |
| Amortization of acquired customer-based intangible assets (Note 6) | 81,504 | 120,192 |
| Special charges (recoveries) (Note 16) | 47,136 | 13,794 |
| Total operating expenses | 704,116 | 805,526 |
| Income from operations | 206,242 | 212,892 |
| Other income (expense), net (Note 20) | (35,655) | 20,170 |
| Interest and other related expense, net | (84,282) | (141,764) |
| Income before income taxes | 86,305 | 91,298 |
| Provision for income taxes (Note 13) | 1,883 | 10,352 |
| Net income | $84,422 | $80,946 |
| Net (income) attributable to non-controlling interests | (54) | (45) |
| Net income attributable to OpenText | $84,368 | $80,901 |
| Earnings per share—basic attributable to OpenText (Note 21) | $0.32 | $0.30 |
| Earnings per share—diluted attributable to OpenText (Note 21) | $0.32 | $0.30 |
| Weighted average number of Common Shares outstanding—basic | 267,400 | 271,178 |
| Weighted average number of Common Shares outstanding—diluted | 267,821 | 271,902 |
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