OPEN TEXT CORPORATION CONSOLIDATED STATEMENTS OF INCOME (In thousands of U.S. dollars, except share and per share data) | ||||||||||||
|
|
| ||||||||||
|
|
Year Ended June 30, | ||||||||||
|
|
2015 |
|
2014 |
|
2013 | ||||||
Revenues: |
|
|
|
|
|
| ||||||
License |
|
$ |
294,266 |
|
|
$ |
305,846 |
|
|
$ |
272,985 |
|
Cloud services and subscriptions |
|
605,309 |
|
|
373,400 |
|
|
180,412 |
| |||
Customer support |
|
731,797 |
|
|
707,024 |
|
|
658,216 |
| |||
Professional service and other |
|
220,545 |
|
|
238,429 |
|
|
251,723 |
| |||
Total revenues |
|
1,851,917 |
|
|
1,624,699 |
|
|
1,363,336 |
| |||
Cost of revenues: |
|
|
|
|
|
| ||||||
License |
|
12,899 |
|
|
13,161 |
|
|
15,995 |
| |||
Cloud services and subscriptions |
|
239,719 |
|
|
142,666 |
|
|
73,464 |
| |||
Customer support |
|
94,766 |
|
|
95,979 |
|
|
106,172 |
| |||
Professional service and other |
|
173,399 |
|
|
189,947 |
|
|
196,663 |
| |||
Amortization of acquired technology-based intangible assets |
|
81,002 |
|
|
69,917 |
|
|
93,610 |
| |||
Total cost of revenues |
|
601,785 |
|
|
511,670 |
|
|
485,904 |
| |||
Gross profit |
|
1,250,132 |
|
|
1,113,029 |
|
|
877,432 |
| |||
Operating expenses: |
|
|
|
|
|
| ||||||
Research and development |
|
196,491 |
|
|
176,834 |
|
|
164,010 |
| |||
Sales and marketing |
|
369,920 |
|
|
345,643 |
|
|
289,157 |
| |||
General and administrative |
|
163,042 |
|
|
142,450 |
|
|
109,325 |
| |||
Depreciation |
|
50,906 |
|
|
35,237 |
|
|
24,496 |
| |||
Amortization of acquired customer-based intangible assets |
|
108,239 |
|
|
81,023 |
|
|
68,745 |
| |||
Special charges |
|
12,823 |
|
|
31,314 |
|
|
24,034 |
| |||
Total operating expenses |
|
901,421 |
|
|
812,501 |
|
|
679,767 |
| |||
Income from operations |
|
348,711 |
|
|
300,528 |
|
|
197,665 |
| |||
Other income (expense), net |
|
(28,047) |
|
|
3,941 |
|
|
(2,473) |
| |||
Interest and other related expense, net |
|
(54,620) |
|
|
(27,934) |
|
|
(16,982) |
| |||
Income before income taxes |
|
266,044 |
|
|
276,535 |
|
|
178,210 |
| |||
Provision for income taxes |
|
31,638 |
|
|
58,461 |
|
|
29,690 |
| |||
Net income for the period |
|
$ |
234,406 |
|
|
$ |
218,074 |
|
|
$ |
148,520 |
|
Net (income) loss attributable to non-controlling interests |
|
(79) |
|
|
51 |
|
|
— |
| |||
Net income attributable to OpenText |
|
$ |
234,327 |
|
|
$ |
218,125 |
|
|
$ |
148,520 |
|
Earnings per share—basic attributable to OpenText |
|
$ |
1.92 |
|
|
$ |
1.82 |
|
|
$ |
1.27 |
|
Earnings per share—diluted attributable to OpenText |
|
$ |
1.91 |
|
|
$ |
1.81 |
|
|
$ |
1.26 |
|
Weighted average number of Common Shares outstanding—basic |
|
122,092 |
|
|
119,674 |
|
|
117,208 |
| |||
Weighted average number of Common Shares outstanding—diluted |
|
122,957 |
|
|
120,576 |
|
|
118,124 |
| |||
Dividends declared per Common Share |
|
$ |
0.7175 |
|
|
$ |
0.6225 |
|
|
$ |
0.1500 |
|
OpenText Reports Fourth Quarter and Fiscal Year 2015 Financial Results
| | More EDA News |
|
RELATED NEWS