Be a Climate Innovator
Summary of Quarterly Results with Constant Currency
Q3 FY*23
in CC*
% Change
in CC*
(In millions U.S. dollars, except per share data)
Revenues:
Q3 FY'23
Q3 FY'22
$ Change
% Change
Cloud services and subscriptions
$435.4
$401.9
$33.5
Customer support
Total annual recurring revenues
License
575.9
332.5
243.4
8.3 %
73.2 %
$443.7
10.4 %
592.8
78.3 %
$1,011.3
$734.5
$276.9
37.7 %
$1,036.5
41.1 %
139.7
80.6
59.1
73.3 %
145.0
79.9 %
Professional service and other
93.6
67.2
26.4
39.4 %
96.8
44.1 %
Total revenues
$1,244.7
$882.3
$362.4
GAAP-based operating income
$64.0
$131.6
($67.6)
41.1 %
(51.4) %
$1,278.3
44.9 %
N/A
N/A
Non-GAAP-based operating income (1)
$334.6
$262.2
$72.4
27.6 %
$336.4
28.3 %
GAAP-based net income, attributable to OpenText
$57.6
$74.7
($17.1)
(22.9) %
N/A
N/A
GAAP-based EPS, diluted
$0.21
$0.28
($0.07)
(25.0) %
N/A
N/A
Non-GAAP-based EPS, diluted (1)(2)
$0.73
$0.70
$0.03
4.3 %
$0.73
4.3 %
Adjusted EBITDA (1)
$365.1
$284.5
$80.6
28.3 %
$367.3
29.1 %
Operating cash flows
$336.8
$323.6
$13.2
4.1 %
N/A
N/A
Free cash flows (1)
$305.5
$306.0
($0.4)
(0.1) %
N/A
N/A
(1) See reconciliation of GAAP-based measures to Non-GAAP-based measures at the end of this presentation.
(2) Please also see Note 14 to the Company's Fiscal 2018 Consolidated Financial Statements on Form 10-K. Reflective of the amount of net tax benefit arising from the internal reorganization assumed to be allocable
to the current period based on the forecasted utilization period.
Note: Individual line items in table may be adjusted by non-material amounts to enable totals to align to published financial statements.
*CC: Constant Currency for this purpose is defined as the current period reported revenues/expenses/earnings represented at the prior comparative period's foreign exchange rate.
** Annual recurring revenue is defined as the sum of Cloud services and subscriptions revenue and Customer support revenue.
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