Q1 FY'22 Financial Overview
(In millions, except per share data)
Revenues:
Summary of Quarterly Results with Constant Currency
Q4 FY'21
Q4 FY'20
$ Change
% Change
Q4 FY'21
in CC*
% Change
in CC*
Cloud services and subscriptions
$360.2
$332.6
$27.5
8.3 %
$352.7
6.0 %
Customer support
334.3
324.9
9.3
2.9 %
319.1
(1.8) %
Total annual recurring revenues'
**
$694.4
$657.5
$36.9
5.6 %
$671.8
2.2 %
License
132.5
105.8
26.7
25.3 %
124.6
17.8 %
Professional service and other
66.6
63.3
3.3
5.2 %
63.0
(0.4) %
Total revenues
$893.5
$826.6
$66.9
8.1 %
$859.4
GAAP-based operating income
$171.7
$91.2
$80.5
88.2 %
N/A
4.0 %
N/A
Non-GAAP-based operating income (1)
$293.9
$293.8
$0.1
―
%
$285.7
(2.7) %
GAAP-based net income, attributable to OpenText
$181.3
$26.4
$154.9
586.9 %
N/A
N/A
GAAP-based EPS, diluted
$0.66
$0.10
$0.56
560.0 %
N/A
N/A
Non-GAAP-based EPS, diluted (1)(2)
$0.80
$0.80
%
$0.78
(2.5) %
Adjusted EBITDA (1)
$314.8
$317.4
($2.6)
(0.8) %
$306.3
(3.5) %
Operating cash flows
$296.2
$280.3
Free cash flows (1)
$268.8
$262.5
$15.9
$6.2
5.7 %
N/A
N/A
2.4 %
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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