OPEN TEXT CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands of U.S. dollars)

Year Ended June 30,

2019

2018

Net income for the period

$

285,637

$

242,300

$

1,025,915

Other comprehensive income (loss)—net of tax:

Net foreign currency translation adjustments

(3,882)

(9,582)

(4,756)

Unrealized gain (loss) on cash flow hedges:

Unrealized gain (loss) - net of tax expense (recovery) effect of $6, ($171) and $34 for the year ended June 30, 2019, 2018 and 2017, respectively

16

(476)

95

(Gain) loss reclassified into net income - net of tax (expense) recovery effect of $539, ($489) and $67 for the year ended June 30, 2019, 2018 and 2017, respectively

1,494

(1,357)

186

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

Actuarial gain (loss) - net of tax expense (recovery) effect of ($2,004), ($1,846) and $840 for the year ended June 30, 2019, 2018 and 2017, respectively

(7,421)

(3,383)

6,216

Amortization of actuarial (gain) loss into net income - net of tax (expense) recovery effect of $292, $183 and $241 for the year ended June 30, 2019, 2018 and 2017, respectively

272

260

565

Unrealized net gain (loss) on marketable securities - net of tax effect of nil for the year ended June 30, 2019, 2018 and 2017 respectively

—

—

184

Release of unrealized gain on marketable securities - net of tax effect of nil for the year ended June 30, 2019, 2018 and 2017 respectively

—

(617)

—

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

(9,521)

(15,155)

2,490

Total comprehensive income

276,116

227,145

1,028,405

Comprehensive (income) loss attributable to non-controlling interests

(136)

(76)

(256)

Total comprehensive income attributable to OpenText

$

275,980

$

227,069

$

1,028,149