OPEN TEXT CORP
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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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.
Mar 31, 2025 · Filed Apr 30, 2025
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Condensed Consolidated Statements of Comprehensive Income
| Three Months EndedMarch 31, | Nine Months EndedMarch 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net income | $92,854 | $98,327 | $407,182 | $217,010 |
| Other comprehensive income (loss)—net of tax: | ||||
| Net foreign currency translation adjustments | (1,511) | 11,765 | (5,534) | (18,614) |
| Unrealized gain (loss) on cash flow hedges: | ||||
| Unrealized gain (loss)—net of tax (1) | (46) | (1,634) | (3,580) | (1,953) |
| (Gain) loss reclassified into net income—net of tax (2) | 1,371 | 118 | 2,643 | 455 |
| Unrealized gain (loss) on available-for-sale financial assets: | ||||
| Unrealized gain (loss)—net of tax (3) | (395) | 90 | 289 | 319 |
| Actuarial gain (loss) relating to defined benefit pension plans: | ||||
| Actuarial gain (loss)—net of tax (4) | — | — | (1,045) | (110) |
| Amortization of actuarial (gain) loss into net income—net of tax (5) | 513 | 115 | 999 | 417 |
| Total other comprehensive income (loss), net | (68) | 10,454 | (6,228) | (19,486) |
| Total comprehensive income | 92,786 | 108,781 | 400,954 | 197,524 |
| Comprehensive income attributable to non-controlling interests | (49) | (42) | (147) | (149) |
| Total comprehensive income attributable to OpenText | $92,737 | $108,739 | $400,807 | $197,375 |
(1)Net of tax expense (recovery) of $(17) and $(589) for the three months ended March 31, 2025 and 2024, respectively; $(1,291) and $(704) for the nine months ended March 31, 2025 and 2024, respectively.
(2)Net of tax expense (recovery) of $494 and $42 for the three months ended March 31, 2025 and 2024, respectively; $952 and $163 for the nine months ended March 31, 2025 and 2024, respectively.
(3)Net of tax expense (recovery) of $91 and $24 for the three months ended March 31, 2025 and 2024, respectively; $316 and $84 for the nine months ended March 31, 2025 and 2024, respectively.
(4)Net of tax expense (recovery) of $— and $— for the three months ended March 31, 2025 and 2024, respectively; $(43) and $110 for the nine months ended March 31, 2025 and 2024, respectively.
(5)Net of tax expense (recovery) of $83 and $50 for the three months ended March 31, 2025 and 2024, respectively; $267 and $175 for the nine months ended March 31, 2025 and 2024, respectively.
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