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Summary of YTD Results |
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(in millions except per share data) |
FY18 YTD |
FY17 YTD |
$ Change |
% Change (Y/Y) |
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FY18 YTD in
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% Change
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Revenues: |
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Cloud services and subscriptions |
$402.0 |
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$344.7 |
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$57.2 |
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16.6 |
% |
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$402.0 |
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16.6 |
% |
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Customer support |
603.5 |
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429.9 |
|
173.6 |
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40.4 |
% |
|
593.5 |
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38.1 |
% |
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Total annual recurring revenues** |
$1,005.4 |
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$774.6 |
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$230.8 |
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29.8 |
% |
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$995.4 |
|
28.5 |
% |
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License |
213.5 |
|
158.4 |
|
55.1 |
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34.8 |
% |
|
207.8 |
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31.2 |
% |
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Professional service and other |
156.2 |
|
101.3 |
|
54.8 |
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54.1 |
% |
|
152.5 |
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50.5 |
% |
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Total revenues |
$1,375.1 |
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$1,034.4 |
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$340.7 |
|
32.9 |
% |
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$1,355.7 |
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31.1 |
% |
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GAAP-based operating income |
$253.7 |
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$181.2 |
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$72.5 |
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40.0 |
% |
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Non-GAAP-based operating income (1) |
$469.0 |
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$335.9 |
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$133.1 |
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39.6 |
% |
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$460.9 |
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37.2 |
% |
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GAAP-based operating margin |
18.5 |
% |
17.5 |
% |
n/a |
|
100 |
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bps |
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Non-GAAP-based operating margin (1) |
34.1 |
% |
32.5 |
% |
n/a |
|
160 |
|
bps |
34.0 |
% |
150 |
|
bps |
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GAAP-based EPS, diluted (2) |
$0.46 |
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$3.89 |
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($3.43) |
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(88.2) |
% |
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Non-GAAP-based EPS, diluted (1)(3) |
$1.30 |
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$0.97 |
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$0.33 |
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34.0 |
% |
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$1.27 |
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30.9 |
% |
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GAAP-based net income attributable to OpenText (2) |
$121.7 |
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$957.9 |
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($836.2) |
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(87.3) |
% |
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Adjusted EBITDA (1) |
$510.1 |
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$366.4 |
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$143.6 |
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39.2 |
% |
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Operating cash flows |
$233.7 |
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$180.5 |
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$53.3 |
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29.5 |
% |
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(1) |
Please see note 2 "Use of Non-GAAP Financial Measures" below |
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(2) |
Recorded a significant tax benefit in Q1 FY17 of $876.1 million. This significant tax benefit is specifically tied to the Company's internal reorganization and applied to Q1 FY17 only and as a result does not continue in future periods. |
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(3) |
Please also see note 14 to the Company's Condensed Consolidated Financial Statements on Form 10-Q. 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. |
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Note: |
Individual line items in tables may be adjusted by non-material amounts to enable totals to align to published financial statements. |
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*CC: 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. |
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**Annual recurring revenue is defined as the sum of Cloud services and subscriptions revenue and Customer support revenue. |
