OpenText Reports Third Quarter Fiscal Year 2015 Financial Results

 

Summary of Quarterly Results - Constant Currency

 
 

Q3 FY15 re-presented on a constant currency basis

Q3 FY14

$ Change

% Change

 

FX impact - higher (lower)

Revenues: (in millions)

           

Cloud services

$149.9

 

$128.4

 

$21.5

 

16.7

%

 

$

(6.1)

 

Customer support

198.2

 

180.3

 

17.9

 

9.9

%

 

(13.9)

 

Professional service and other

60.1

 

61.0

 

(0.9)

 

(1.5)

%

 

(4.6)

 

Total Recurring revenues

$408.2

 

$369.7

 

$38.5

 

10.4

%

 

$

(24.6)

 

License

$70.3

 

73.1

 

(2.8)

 

(3.8)%

   

(6.3)

 

Total revenues

$478.5

 

$442.8

 

$35.7

 

8.1

%

 

$

(30.9)

 

Non-GAAP-based operating margin (2)

26.3

%

29.1

%

n/a

 

(280)

 

bps

 

Non-GAAP-based EPS, diluted (2)

$0.73

 

$0.84

 

($0.11)

 

(13.1)

%

 

($0.07)

 

"In Q315, our cloud revenue grew 12%, up 17% in constant currency and we closed 7 iX deals over $1 million, the benefit of which we will see in our future ongoing cloud revenues," said OpenText CEO Mark J. Barrenechea . "Our products and services are resonating with enterprise customers and OpenText is well positioned to lead the digital transformation in the cloud."

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