(PRNewswire) — Open Text Corporation (NASDAQ: OTEX) (TSX: OTC) announced today its financial results for the second quarter ended December 31, 2013.

Financial Highlights for Q2 FY14 (1)

• Total revenue was $363.5 million, up 3% Y/Y
• License revenue was $81.2 million, up 7% Y/Y
• Customer Support revenue was $174.4 million, up 6% Y/Y
• Non-GAAP-based EPS, diluted was $1.58 compared to $1.58, flat Y/Y; GAAP-based EPS, diluted was $0.90 compared to $1.04 Y/Y ₍₂₎
• Non-GAAP-based income from operations was $112.3 million and 31% of revenues; GAAP-based income from operations was $73.9 million and 20% of revenues ₍₂₎
• Operating cash flow was $60.9 million, compared to $74.7 million Y/Y, down 19%Y/Y, with an ending cash balance of $515.4 million.

"The OpenText product lineup has never been stronger with our Enterprise Suites for EIM, AppWorks for Developers and now GXS for B2B integration," said OpenText CEO Mark J. Barrenechea.  "We are committed to leading Enterprise Information Management with the best products and cloud-based services. The OpenText Cloud now manages over 16 billion transactions per year, approximately 600,000 trading partners and 40,000 customers.  I am pleased with our progress that includes 7% year over year license growth."

Business Highlights

• OpenText buys GXS, a Maryland-based leader in business-to-business (B2B) cloud integration
• Financial, services and public sector industries saw the most demand
• 6 license transactions over $1 million and 15 license transactions between $500K and $1 million
• Hosted OpenText Enterprise World 2013, the Company's largest conference ever; launched seven product suites and developer platform AppWorks
• Customer successes in the quarter include CZ, Home Trust, Sobeys Inc., Insurance Corporation of British Columbia, Fox Entertainment Group, MMM Group, Qatar University and iGATE-CHCS Services, Inc. 
• OpenText begins to ship integration suites as part of Project Red Oxygen
• Unveiled new generation of web-based high-performance remote application access solution
• Launched new secure messaging cloud services
• Unveiled OpenText Extended ECM for Oracle E-Business Suite
• Partnered with hybris software, an SAP company, to enhance its customer experience management (CEM) ecosystem
• OpenText named a leader in Document Output for Customer Communications Management in leading analyst firm report (Forrester Research, Inc.)

Dividend Program Highlights

Stock Dividends
On January 23, 2014, we announced that our Board of Directors approved a two-for-one stock split of our outstanding Common Shares.  The two-for-one stock split will be implemented by way of a stock dividend whereby shareholders will receive one Common Share for each Common Share held. The record date for the stock dividend will be February 7, 2014 and the payment date will be February 18, 2014. We are undertaking the stock split to make our Common Shares more readily accessible to individual shareholders, increase and broaden our shareholder base, and improve the liquidity of the market for our Common Shares. As of January 22, 2014 there were 60,473,680 OpenText Common Shares outstanding. Adjusting for the stock split, there will be 120,947,360 OpenText Common Shares outstanding.

Cash Dividends
As part of our quarterly, non cumulative cash dividend program we declared, on January 23, 2014 a dividend of $0.15 per Common Share (or $0.30 per Common Share on a pre stock split basis). The record date for this dividend is February 25, 2014 and the payment date is March 14, 2014. Future declarations of dividends and the establishment of future record and payment dates are subject to the final determination and discretion of our Board of Directors.

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »