OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands of U.S. dollars)

(unaudited)

Three Months Ended March 31,

Nine Months Ended March 31,

2018

2017

2018

2017

Net income for the period

$

58,800

$

21,712

$

180,407

$

979,657

Other comprehensive income (loss) —net of tax:

Net foreign currency translation adjustments

3,823

2,725

3,283

(7,582)

Unrealized gain (loss) on cash flow hedges:

Unrealized gain (loss) - net of tax expense (recovery) effect of ($338) and $125 for the three months ended March 31, 2018 and 2017, respectively; $65 and ($254) for the nine months ended March 31, 2018 and 2017, respectively

(935)

348

182

(705)

(Gain) loss reclassified into net income - net of tax (expense) recovery effect of ($112) and $14 for the three months ended March 31, 2018 and 2017, respectively; ($540) and ($24) for the nine months ended March 31, 2018 and 2017, respectively

(311)

40

(1,499)

(68)

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

Actuarial gain (loss) - net of tax expense (recovery) effect of $413 and ($64) for the three months ended March 31, 2018 and 2017, respectively; $177 and $420 for the nine months ended March 31, 2018 and 2017, respectively

1,648

686

1,485

5,047

Amortization of actuarial (gain) loss into net income - net of tax (expense) recovery effect of $45 and $59 for the three months ended March 31, 2018 and 2017, respectively; $130 and $178 for the nine months ended March 31, 2018 and 2017, respectively

64

139

176

420

Unrealized net gain (loss) on marketable securities - net of tax effect of nil for the three and nine months ended March 31, 2018 and 2017, respectively

—

(541)

—

(141)

Release of unrealized gain on marketable securities - net of tax effect of nil for the three and nine months ended March 31, 2018 and 2017, respectively

—

—

(617)

—

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

4,289

3,397

3,010

(3,029)

Total comprehensive income

63,089

25,109

183,417

976,628

Comprehensive (income) loss attributable to non-controlling interests

(6)

(96)

94

(135)

Total comprehensive income attributable to OpenText

$

63,083

$

25,013

$

183,511

$

976,493