OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands of U.S. dollars)

(unaudited)

Three Months Ended December 31,

Six Months Ended December 31,

2017

2016

2017

2016

Net income for the period

$

84,917

$

45,034

$

121,607

$

957,945

Other comprehensive income (loss) —net of tax:

Net foreign currency translation adjustments

(1,446)

(11,526)

(540)

(10,307)

Unrealized gain (loss) on cash flow hedges:

Unrealized gain (loss) - net of tax expense (recovery) effect of ($60) and ($252) for the three months ended December 31, 2017 and 2016, respectively; $403 and ($380) for the six months ended December 31, 2017 and 2016, respectively

(168)

(698)

1,117

(1,053)

(Gain) loss reclassified into net income - net of tax (expense) recovery effect of ($141) and ($33) for the three months ended December 31, 2017 and 2016, respectively; ($428) and ($38) for the six months ended December 31, 2017 and 2016, respectively

(391)

(91)

(1,188)

(108)

Actuarial gain (loss) relating to defined benefit pension plans:

Actuarial gain (loss) - net of tax expense (recovery) effect of ($153) and $1,077 for the three months ended December 31, 2017 and 2016, respectively; ($236) and $484 for the six months ended December 31, 2017 and 2016, respectively

(48)

2,823

(163)

4,361

Amortization of actuarial (gain) loss into net income - net of tax (expense) recovery effect of $43 and $57 for the three months ended December 31, 2017 and 2016, respectively; $85 and $119 for the six months ended December 31, 2017 and 2016, respectively

56

134

112

281

Unrealized net gain (loss) on marketable securities - net of tax effect of nil for the three and six months ended December 31, 2017 and 2016, respectively

—

512

—

400

Release of unrealized gain on marketable securities - net of tax effect of nil for the three and six months ended December 31, 2017 and 2016, respectively

—

—

(617)

—

Total other comprehensive income (loss) net, for the period

(1,997)

(8,846)

(1,279)

(6,426)

Total comprehensive income

82,920

36,188

120,328

951,519

Comprehensive (income) loss attributable to non-controlling interests

194

(12)

100

(39)

Total comprehensive income attributable to OpenText

$

83,114

$

36,176

$

120,428

$

951,480