|
OPEN TEXT CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands of U.S. dollars, except share and per share data) (unaudited) | ||||||||||||||||
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Three Months Ended March 31, |
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Nine Months Ended March 31, | |||||||||||||
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2015 |
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2014 |
|
2015 |
|
2014 | |||||||||
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Revenues: |
|
|
|
|
|
|
| |||||||||
|
License |
$ |
63,958 |
|
|
$ |
73,083 |
|
|
$ |
198,397 |
|
|
$ |
209,553 |
| |
|
Cloud services |
143,822 |
|
|
128,400 |
|
|
445,097 |
|
|
212,178 |
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|
Customer support |
184,335 |
|
|
180,290 |
|
|
547,707 |
|
|
523,155 |
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|
Professional service and other |
55,462 |
|
|
60,981 |
|
|
178,008 |
|
|
185,835 |
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|
Total revenues |
447,577 |
|
|
442,754 |
|
|
1,369,209 |
|
|
1,130,721 |
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|
Cost of revenues: |
|
|
|
|
|
|
| |||||||||
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License |
3,014 |
|
|
3,527 |
|
|
9,514 |
|
|
9,867 |
| |||||
|
Cloud services |
59,989 |
|
|
49,464 |
|
|
174,959 |
|
|
79,692 |
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Customer support |
24,092 |
|
|
25,206 |
|
|
71,252 |
|
|
71,785 |
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Professional service and other |
44,330 |
|
|
49,218 |
|
|
136,332 |
|
|
145,898 |
| |||||
|
Amortization of acquired technology-based intangible assets |
22,136 |
|
|
17,147 |
|
|
58,548 |
|
|
51,712 |
| |||||
|
Total cost of revenues |
153,561 |
|
|
144,562 |
|
|
450,605 |
|
|
358,954 |
| |||||
|
Gross profit |
294,016 |
|
|
298,192 |
|
|
918,604 |
|
|
771,767 |
| |||||
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Operating expenses: |
|
|
|
|
|
|
| |||||||||
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Research and development |
53,222 |
|
|
47,199 |
|
|
144,134 |
|
|
129,332 |
| |||||
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Sales and marketing |
95,787 |
|
|
93,700 |
|
|
265,896 |
|
|
244,403 |
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|
General and administrative |
45,722 |
|
|
39,336 |
|
|
121,327 |
|
|
101,037 |
| |||||
|
Depreciation |
12,809 |
|
|
10,527 |
|
|
37,516 |
|
|
23,883 |
| |||||
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Amortization of acquired customer-based intangible assets |
28,250 |
|
|
24,679 |
|
|
79,498 |
|
|
54,388 |
| |||||
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Special charges |
5,622 |
|
|
15,902 |
|
|
4,032 |
|
|
25,901 |
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Total operating expenses |
241,412 |
|
|
231,343 |
|
|
652,403 |
|
|
578,944 |
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Income from operations |
52,604 |
|
|
66,849 |
|
|
266,201 |
|
|
192,823 |
| |||||
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Other income (expense), net |
(9,550) |
|
|
1,652 |
|
|
(28,737) |
|
|
2,838 |
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Interest and other related expense, net |
(16,872) |
|
|
(9,734) |
|
|
(36,426) |
|
|
(17,159) |
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Income before income taxes |
26,182 |
|
|
58,767 |
|
|
201,038 |
|
|
178,502 |
| |||||
|
Provision for (recovery of) income taxes |
(309) |
|
|
12,971 |
|
|
35,401 |
|
|
48,576 |
| |||||
|
Net income for the period |
$ |
26,491 |
|
|
$ |
45,796 |
|
|
$ |
165,637 |
|
|
$ |
129,926 |
| |
|
Net (income) loss attributable to non-controlling interests |
119 |
|
|
88 |
|
|
(114) |
|
|
88 |
| |||||
|
Net income attributable to OpenText |
$ |
26,610 |
|
|
$ |
45,884 |
|
|
$ |
165,523 |
|
|
$ |
130,014 |
| |
|
Earnings per share—basic attributable to OpenText |
$ |
0.22 |
|
|
$ |
0.38 |
|
|
$ |
1.36 |
|
|
$ |
1.09 |
| |
|
Earnings per share—diluted attributable to OpenText |
$ |
0.22 |
|
|
$ |
0.38 |
|
|
$ |
1.35 |
|
|
$ |
1.08 |
| |
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Weighted average number of Common Shares outstanding—basic |
122,158 |
|
|
120,873 |
|
|
122,042 |
|
|
119,048 |
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Weighted average number of Common Shares outstanding—diluted |
123,054 |
|
|
122,100 |
|
|
122,980 |
|
|
120,031 |
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|
Dividends declared per Common Share |
$ |
0.1725 |
|
|
$ |
0.1500 |
|
|
$ |
0.5175 |
|
|
$ |
0.4500 |
| |
OpenText Reports Third Quarter Fiscal Year 2015 Financial Results
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