OpenText Reports First Quarter Fiscal Year 2016 Financial Results

(PRNewswire) —  Open Text Corporation (NASDAQ: OTEX) (TSX: OTC) announced today its financial results for the first quarter ended September 30, 2015.

"Fiscal 2016 will be a transformative year for OpenText. Digitalization enables customers to create a better way to work, and project Blue Carbon is the enabling platform. I am pleased to confirm project Blue Carbon will be available in Beta this quarter and unveiled at our annual user conference Enterprise World, taking place November 8 to 13, 2015," said OpenText CEO Mark J. Barrenechea.

Barrenechea further added, "As for Fiscal Q1 results, due to the strength of the US Dollar, foreign currency volatility continued to have a significant impact on our results in the quarter, negatively impacting total revenue by $34M. In constant currency, total revenue grew 3%, and recurring revenue grew 4%.  We remain confident in our 2020 target model of adjusted operating margins between 34% to 38%."

Financial Highlights for Q1 FY16 with Year Over Year Comparisons (1)

 

Summary of Quarterly Results

     

Q1 FY16

in CC*

% Change  
in CC*

 

Q1 FY16

Q1 FY15

$ Change

% Change

 

Revenues: (in millions)

             

Cloud services and subscriptions

$147.8

 

$154.1

 

($6.3)

 

(4.1)

%

 

$156.3

 

1.4

%

Customer support

185.7

 

183.9

 

1.8

 

1.0

%

 

200.7

 

9.1

%

Professional service and other

49.7

 

57.6

 

(7.9)

 

(13.7)

%

 

55.1

 

(4.3)

%

Total Recurring revenues

$383.2

 

$395.6

 

($12.4)

 

(3.1)

%

 

$412.1

 

4.2

%

License

51.3

 

58.2

 

(6.9)

 

(11.8)

%

 

56.0

 

(3.8)

%

Total revenues

$434.5

 

$453.8

 

($19.3)

 

(4.2)

%

 

$468.1

 

3.2

%

Non-GAAP-based operating margin (2)

34.1

%

34.3

%

n/a

 

(20)

 

bps

33.6

%

 

GAAP-based operating margin

17.6

%

22.7

%

n/a

 

(510)

 

bps

   

Non-GAAP-based EPS, diluted (2)

$0.84

 

$0.97

 

($0.13)

 

(13.4)

%

 

$0.90

 

(7.2)

%

GAAP-based EPS, diluted

$0.34

 

$0.53

 

($0.19)

 

(35.8)

%

     

Operating cash flows (in millions)

$92.7

 

$138.5

 

($45.8)

 

(33.1)

%

     

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



Review Article Be the first to review this article
HP

Featured Video
Jobs
Architetural Project Manager for DRA Architects at Irvine, CA
Architect for North County Transit District at Oceanside, CA
Inside Sales for SolidCAM at Newtown, PA
Sr. GIS Technical Analyst for Southern California Edison SCE Transmission and Distribution Organization at Rosemead, CA
Imagery Analyst for ARA at Albuquerque, NM -1229, NM
Director of Mechanical Engineering for Velodyne LIDAR at Morgan Hill, CA
Upcoming Events
GRAPP '17 at Porto Portugal - Feb 27 - 1, 2017
INTERNATIONAL CONFEX at Olympia London London United Kingdom - Mar 1 - 2, 2017
European Meeting & Events Conference 2017 at Palacio de Congresos de Granada Granada Spain - Mar 5 - 7, 2017
98th Annual AGC Convention at Bellagio Hotel and Casino Las Vegas Nevada - Mar 7 - 9, 2017
GRAPHISOFT: ARCHICAD download 30-day FREE trial
Bentley: Be Inspired Awards
xponential2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy