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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
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% Change
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Revenues: |
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Cloud services and subscriptions |
$611.1 |
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$521.9 |
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$89.2 |
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17.1 |
% |
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$606.1 |
|
16.1 |
% |
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Customer support |
915.8 |
|
693.3 |
|
222.5 |
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32.1 |
% |
|
891.3 |
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28.6 |
% |
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Total annual recurring revenues** |
$1,526.8 |
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$1,215.2 |
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$311.7 |
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25.6 |
% |
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$1,497.4 |
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23.2 |
% |
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License |
297.6 |
|
245.6 |
|
51.9 |
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21.1 |
% |
|
287.8 |
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17.1 |
% |
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Professional service and other |
236.6 |
|
166.7 |
|
69.9 |
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41.9 |
% |
|
227.7 |
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36.6 |
% |
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Total revenues |
$2,061.0 |
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$1,627.5 |
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$433.5 |
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26.6 |
% |
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$2,012.9 |
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23.7 |
% |
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GAAP-based operating income |
$356.1 |
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$246.5 |
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$109.6 |
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44.5 |
% |
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Non-GAAP-based operating income (1) |
$673.1 |
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$508.5 |
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$164.6 |
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32.4 |
% |
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$654.3 |
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28.7 |
% |
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GAAP-based operating margin |
17.3 |
% |
15.1 |
% |
n/a |
|
220 |
|
bps |
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Non-GAAP-based operating margin (1) |
32.7 |
% |
31.2 |
% |
n/a |
|
150 |
|
bps |
32.5 |
% |
130 |
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bps |
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GAAP-based EPS, diluted (2) |
$0.68 |
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$3.88 |
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($3.20) |
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(82.5) |
% |
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Non-GAAP-based EPS, diluted (1)(3) |
$1.84 |
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$1.42 |
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$0.42 |
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29.6 |
% |
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$1.78 |
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25.4 |
% |
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GAAP-based net income attributable to OpenText (2) |
$180.5 |
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$979.5 |
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($799.0) |
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(81.6) |
% |
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Adjusted EBITDA (1) |
$737.3 |
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$555.5 |
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$181.7 |
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32.7 |
% |
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Operating cash flows |
$504.4 |
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$336.8 |
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$167.7 |
|
49.8 |
% |
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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. |
