OpenText Reports Fourth Quarter and Fiscal Year 2015 Financial Results

 

OPEN TEXT CORPORATION

CONSOLIDATED STATEMENTS OF INCOME

(In thousands of U.S. dollars, except share and per share data)






Three Months Ended June 30,



2015


2014

Revenues:





License


$

97,129



$

98,863


Cloud services and subscriptions


148,967



151,877


Customer support


184,221



183,869


Professional service and other


52,391



59,369


Total revenues


482,708



493,978


Cost of revenues:





License


3,511



3,452


Cloud services and subscriptions


58,955



57,838


Customer support


23,514



24,196


Professional service and other


42,746



49,025


Amortization of acquired technology-based intangible assets


22,454



18,205


Total cost of revenues


151,180



152,716


Gross profit


331,528



341,262


Operating expenses:





Research and development


52,357



47,502


Sales and marketing


104,024



101,240


General and administrative


41,715



41,413


Depreciation


13,390



11,354


Amortization of acquired customer-based intangible assets


28,741



26,635


Special charges


8,791



5,413


Total operating expenses


249,018



233,557


Income from operations


82,510



107,705


Other income (expense), net


690



1,103


Interest and other related expense, net


(18,194)



(10,775)


Income before income taxes


65,006



98,033


Provision for income taxes


(3,763)



9,885


Net income for the period


$

68,769



$

88,148


Net (income) loss attributable to non-controlling interests


35



(37)


Net income attributable to OpenText


$

68,804



$

88,111


Earnings per share—basic attributable to OpenText


$

0.56



$

0.72


Earnings per share—diluted attributable to OpenText


$

0.56



$

0.72


Weighted average number of Common Shares outstanding—basic


122,245



121,692


Weighted average number of Common Shares outstanding—diluted


122,888



122,511


Dividends declared per Common Share


$

0.2000



$

0.1725



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