Information Share Repurchase Plan/Normal Course Issuer Bid. In my keynote at OpenText World 2020, I discussed how COVID-19 has changed everything, intensifying technological disruption and plunging the world into a new equilibrium. Non-GAAP-based gross margin is calculated as Non-GAAP-based gross profit expressed as a percentage of total revenue. The durability of our business model and the discipline of OpenText was especially effective as we achieved these results amid the challenge of a global pandemic," said OpenText EVP and CFO, Madhu Ranganathan. Each restructuring activity is a discrete event based on a unique set of business objectives or circumstances, and each differs in terms of its operational implementation, business impact and scope, and the size of each restructuring plan can vary significantly from period to period. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. naudited). 6/30/2019 . Please dial-in 10 minutes ahead of time to ensure proper connection. The Company therefore believes that despite these limitations, it is appropriate to supplement the disclosure of the U.S.GAAP measures with certain Non-GAAP measures defined below. Reconciliation of cash, cash equivalents and restricted cash: Total cash, cash equivalents and restricted cash, (1) Restricted cash is classified under the Prepaid expenses and other current assets and Other assets line items on the Condensed Consolidated Balance Sheets. In arriving at our Non-GAAP-based tax rate of approximately 14%, we analyzed the individual adjusted expenses and took into consideration the impact of statutory tax rates from local jurisdictions incurring the expense. Quarterly Report. % of Total Revenue. Such excluded items include amortization, share-based compensation, special charges (recoveries) and other income (expense), net. Forward-looking statements reflect our current estimates, beliefs and assumptions, which are based on management's perception of historic trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances, such as certain assumptions about the economy, as well as market, financial and operational assumptions. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Such excluded items include amortization, share-based compensation, special charges (recoveries) and other income (expense), net. These Non-GAAP financial measures have certain limitations in that they do not have a standardized meaning and thus the Company's definition may be different from similar Non-GAAP financial measures used by other companies and/or analysts and may differ from period to period. Adjusted EBITDA margin is calculated as adjusted EBITDA expressed as a percentage of total revenue. These items are excluded based upon the way the Company's management evaluates the performance of the Company's business for use in the Company's internal reports and are not excluded in the sense that they may be used under U.S. GAAP. (unaudited), Amortization of acquired technology-based intangible assets, Amortization of acquired customer-based intangible assets, Net (income) loss attributable to non-controlling interests, Earnings per sharebasic attributable to OpenText, Earnings per sharediluted attributable to OpenText, Weighted average number of Common Shares outstandingbasic, Weighted average number of Common Shares outstandingdiluted, OPEN TEXT CORPORATION In 2020, OpenText acquired Xmedius for US$75 million. There are currently no amounts outstanding under the Revolver. Dolor. CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY Analytics, Customer Experience Management, Digital Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the fourth quarter and year ended June30, 2021. Management, Business Total Revenues 05/04/2022. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. A replay of the call will be available beginning August 6, 2020 at 7:00 p.m. Please seebelow note (2)for a reconciliation of U.S.GAAP-based financial measures used in this press release, to non-U.S.GAAP-based financial measures. % of Total Revenue, Non-GAAP-based Measures The Company's determination to adopt the Repurchase Plan reflects its confidence in its operational execution and expanding cash flows, with the Repurchase Plan being additive to the Company's overall strategic capital allocation, complementing its ongoing M&A activity and dividend program. By providing your email address below, you are providing consent to OpenText to send you the requested Investor Email Alert updates. CONSOLIDATED STATEMENTS OF INCOME for the three months ended June 30, 2020. For OpenText, 2020 will bring new security developments in analytics and threat intelligence, including capabilities like anomalous behavior detection, which I discussed above. ", "I am very pleased with our fourth quarter and Fiscal 2021 results," said Madhu Ranganathan, OpenText EVP, CFO. Also excluded are tax benefits/expense items unrelated to current period income such as changes in reserves for tax uncertainties and valuation allowance reserves, and "book to return" adjustments for tax return filings and tax assessments. However, the Company's management compensates for these limitations by providing the relevant disclosure of the items excluded in the calculation of these Non-GAAP financial measures both in its reconciliation to the U.S.GAAP financial measures and its consolidated financial statements, all of which should be considered when evaluating the Company's results. OpenText, The Information Company, enables organizations to gain insight through market leading information management solutions, on-premises or in the cloud. GAAP-based and Non-GAAP-based income from operations stated in dollars. Find out the revenue, expenses and profit or loss over the last fiscal year. Dollars unless otherwise indicated. Adjustment relates to the exclusion of Other income (expense) from our Non-GAAP-based operating expenses as Other income (expense) generally relates to the transactional impact of foreign exchange and is generally not indicative or related to continuing operations and is therefore excluded from our internal analysis of operating results. Download report. Comprehensive Included is the amount of net tax benefits arising from the internal reorganization that occurred in Fiscal 2017 assumed to be allocable to the current period based on the forecasted utilization period. Please also see note 14 to the Company's Fiscal 2018 Consolidated Financial Statements on Form 10-K. Reflective of the amount of net tax benefit arising from the internal reorganization assumed to be allocable to the current period based on the forecasted utilization period. Open Text annual revenue for 2020 was $3.11B, a 8.4% increase from 2019. - Open Text Corp. says it has reached a deal with the U.S. Internal Revenue Service to settle a US$830-million claim related to its taxable income for its 2010 and 2012 financial years. managed Process Please dial-in 10 minutes ahead of time to ensure proper connection. Constant currency for this purpose is defined as the current period reported revenues/expenses/earnings represented at the prior comparative period's foreign exchange rate. Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results. Eliminate disparate systems and manage all digital evidence with one solution. (In thousands of U.S. dollars)(Unaudited). The combined solutions are resold through OpenText to meet even the most demanding customer needs. You can learn more about the latest security innovations here. 2019 Annual Report 2019 Fiscal Results. Learn more. "In Fiscal 2021, OpenText delivered a record $3.39 billion in total revenues, up 8.9% year-over-year, supported by record Cloud revenues of $1.4 billion, up 21.6% from a year ago. service programs, Open a Waterloo-based tech company OpenText says it earned $102.2 million in the three months ended June 30, a 43.6 per cent decline from the previous year's quarter even as it achieved record revenue of $3.5 billion for its full 2022 fiscal year. account details, Alerts These items are excluded based upon the way the Company's management evaluates the performance of the Company's business for use in the Company's internal reports and are not excluded in the sense that they may be used under U.S. GAAP. ET (2:00 p.m. PT) by dialing 1-800-319-4610 (toll-free) or +1-604-638-5340 (international). OpenText, the leader in an $92 billion and growing Information Management market, delivers a compelling cloud-based platform of software and solutions that uniquely positions us to win customers and continue to take market share, regardless of the economic environment. At OpenText, we promise to treat your data with respect and will not share your information with any third party. Business Network The use of the term "non-operational charge" is defined for this purpose as an expense that does not impact the ongoing operating decisions taken by the Company's management. Established robust analytical procedures like Collection Efficiency Index and in-quarter collections vs billings at a revenue stream level to build understanding of the business and enable better management of Accounts Receivable function. The record date for this dividend is September 4, 2020 and the payment date is September 25, 2020. Management (EIM), Enterprise services, Adoption . Analytics, Customer Jan 2020 - Mar 2021 1 year 3 months. CONDENSED CONSOLIDATED BALANCE SHEETS( The company says its fourth-quarter profit amounted to 38 cents per diluted share, down from 66 cents in . Open Text annual/quarterly revenue history and growth rate from 2010 to 2022. Management, Business To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. "Looking ahead to Fiscal 2021, we are well positioned to weather the short-term challenges ahead, build a stronger and better company, and gain market share. The OpenText AI and Analytics platform leverages machine learning algorithms in big data platforms to transform huge volumes of data and content into self-service data visualizations for organizational users, wherever they are, to increase automation, boost operational efficiency and maximize revenue. In arriving at our Non-GAAP-based tax rate of approximately 14%, we analyzed the individual adjusted expenses and took into consideration the impact of statutory tax rates from local jurisdictions incurring the expense. We collaborate with great colleagues around the globe and support each other on every step of the journey-from developing innovative new products, to creating "wow" moments for our customers. We exclude gains and losses on these investments as we do not believe they are reflective of our ongoing business and operating results. ECM, Consulting The Company also announced today the authorization of a share repurchase plan and that it intends to purchase in open market transactions, from time to time over the next 12 months, if considered advisable, up to an aggregate of US$350,000,000 of its common shareson the NASDAQ Global Select Market, the Toronto Stock Exchange (the "TSX") and/or other exchanges and alternative trading systems in Canada and/or the United States, if eligible, subject to applicable law and stock exchange rules(the "Repurchase Plan"). Management, Business The Company uses these Non-GAAP financial measures to supplement the information provided in its consolidated financial statements, which are presented in accordance with U.S. GAAP. And I'm pleased with our start to fiscal year 2020, and constant-currency with approximate. The Company uses these Non-GAAP financial measures to supplement the information provided in its consolidated financial statements, which are presented in accordance with U.S. GAAP. OpenText strongly encourages investors to review its financial information in its entirety and not to rely on a single financial measure. Such factors include, but are not limited to: (i) the future performance, financial and otherwise, of OpenText; (ii) the ability of OpenText to bring new products and services to market and to increase sales; (iii) the strength of the Company's product development pipeline; (iv) the Company's growth and profitability prospects; (v) the estimated size and growth prospects of the Information Management market including expected growth in the Artificial Intelligence market; (vi) the Company's competitive position in the Information Management market and its ability to take advantage of future opportunities in this market; (vii) the benefits of the Company's products and services to be realized by customers; (viii) the demand for the Company's products and services and the extent of deployment of the Company's products and services in the Information Management marketplace; (ix) downward pressure on our share price and dilutive effect of future sales or issuances of equity securities (including in connection with future acquisitions); (x) the Company's financial condition and capital requirements; and (xi) statements about the impact of product releases. Non-GAAP-based gross profit is the arithmetical sum of GAAP-based gross profit and the amortization of acquired technology-based intangible assets and share-based compensation within cost of sales. Our strong balance sheet also provides ample opportunity to generate substantial long-term value for our shareholders. (In thousands of U.S. dollars). Phone Number +118004996544. Automation, OpenText OT2 Cloud In thousands of U.S. dollars, except share data), Accounts receivable trade, net of allowance for credit losses of $22,366 as of September30, 2020 and $20,906 as of June30, 2020, Prepaid expenses and other current assets, Share capital and additional paid-in capital, 272,173,923 and 271,863,354 Common Shares issued and outstanding at September30, 2020 and June30, 2020, respectively; authorized Common Shares: unlimited, Treasury stock, at cost (1,393,771 and 622,297 shares at September30, 2020 and June30, 2020, respectively), Total liabilities and shareholders' equity, OPEN TEXT CORPORATION GAAP-based and Non-GAAP-based income from operations stated in dollars. Such excluded items include amortization, share-based compensation, special charges (recoveries) and other income (expense), net. Constellation announced growth in total revenue to $1,003 million for the quarter ending on September 30 th, 2020 - an increase of 15% over the same quarter in 2019. Content After submitting your request, you will receive an activation email to the requested email address. OpenText World is a technology conference combining digital experience webinars, content management training and cybersecurity events. For additional information with respect to risks and other factors which could occur, see the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the Securities and Exchange Commission (SEC) and other securities regulators. OpenText's strong execution amid the global pandemic reflects the underlying discipline and agility of our operating framework," said OpenText EVP and CFO, Madhu Ranganathan. CONSOLIDATED STATEMENTS OF CASH FLOWS Founded in 1993, InterVision is a premier provider of Read More Phone Number: (314) 392-6900 Website: www.intervision.com Revenue: $230 Million InterVision's Social Media Is this data correct? $60.0M. Included is the amount of net tax benefits arising from the internal reorganization that occurred in Fiscal 2017 assumed to be allocable to the current period based on the forecasted utilization period. Network, AI & What are you looking for ? & Learning The GAAP-based tax provision rate for the year ended June 30, 2021 includes the income tax provision charge from the IRS settlement partially offset by a tax benefit from the release of unrecognized tax benefits due to the conclusion of relevant tax audits that was recognized during the second quarter of Fiscal 2021. for the three months ended March 31, 2021. Unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We continue to grow, generate cash, and remain committed to our proven Total Growth strategy. The presentation of Non-GAAP financial measures are not meant to be a substitute for financial measures presented in accordance with U.S.GAAP, but rather should be evaluated in conjunction with and as a supplement to such U.S.GAAP measures. The Carbonite integration remains on track, with their operations already within the OpenText Adjusted EBITDA target model range. For more information, visit: http://www.opentext.com/who-we-are/copyright-information. Reconciliation of cash, cash equivalents and restricted cash: Total Cash, cash equivalents and restricted cash, OPEN TEXT CORPORATION (unaudited), CommonShares and Additional Paid in Capital, Retained You can sign up for additional alert options at any time. Get the detailed quarterly/annual income statement for Open Text Corporation (OTEX). Systemic reliance on inefficient processes not only reduces productivity (and can make associates work even longer hours than they already do and encourage unnecessary added toil). Acquire Experience Management, Digital CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME As of 2020, the OpenText Cloud has over 6,000 educated, trained and certified professionals, as well as . The board's interim dividend of 11.07p per share, for a total of $24m, was up from the previous 8.12p interim distribution. Dollars unless otherwise indicated. By providing your email address below, you are providing consent to OpenText to send you the requested Investor Email Alert updates. Adjusted earnings (loss) before interest, taxes, depreciation and amortization (Adjusted EBITDA) is consistently calculated as GAAP-based net income, attributable to OpenText, excluding interest income (expense), provision for income taxes, depreciation and amortization of acquired intangible assets, other income (expense), share-based compensation and Special charges (recoveries). We continue to grow, generate cash, and remain committed to our proven total growth.. 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