OpenText Reports Third Quarter Fiscal Year 2015 Financial Results

(PRNewswire) —  Open Text Corporation (NASDAQ: OTEX) (TSX: OTC) announced today its financial results for the third quarter ended March 31, 2015.

Financial Highlights for Q3 FY15 with Year Over Year Comparisons (1)

 

Summary of Quarterly Results

         
 

Q3 FY15

Q3 FY14

$ Change

% Change

 

Revenues: (in millions)

         

Cloud services

$143.8

 

$128.4

 

$15.4

 

12.0

%

 

Customer support

184.3

 

180.3

 

4.0

 

2.2

%

 

Professional service and other

55.5

 

61.0

 

(5.5)

 

(9.0)

%

 

Total Recurring revenues

$383.6

 

$369.7

 

$13.9

 

3.8

%

 

License

64.0

 

73.1

 

(9.1)

 

(12.4)

%

 

Total revenues

$447.6

 

$442.8

 

$4.8

 

1.1

%

 

Non-GAAP-based operating margin(2)

25.7

%

29.1

%

n/a

 

(340)

 

bps

GAAP-based operating margin

11.8

%

15.1

%

n/a

 

(330)

 

bps

Non-GAAP-based EPS, diluted (2)

$0.66

 

$0.84

 

($0.18)

 

(21.4)

%

 

GAAP-based EPS, diluted

$0.22

 

$0.38

 

($0.16)

 

(42.1)

%

 

Operating cash flows (in millions)

$143.1

 

$141.4

 

$1.7

 

1.2

%

 

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