FY'24 Medium-Term Aspirations
Summary of Quarterly Results with Constant Currency
Q3 FY'22
in CC⭑*
(In millions U.S. dollars, except per share data)
Revenues:
Q3 FY'22
Q3 FY'21
$ Change
% Change
Cloud services and subscriptions
% Change
in CC*
$401.9
$355.8
$46.1
13.0 %
$406.6
14.3 %
Customer support
Total annual recurring revenues**
License
Professional service and other
332.5
335.9
(3.4)
(1.0) %
341.1
1.5 %
$734.5
$691.8
$42.7
6.2 %
$747.7
8.1 %
80.6
76.3
4.3
5.7 %
82.7
8.4 %
67.2
64.9
2.3
3.6 %
69.0
6.4 %
Total revenues
$882.3
$832.9
$49.4
5.9 %
$899.4
8.0 %
GAAP-based operating income
$131.6
$152.4
($20.8)
(13.6) %
N/A
N/A
Non-GAAP-based operating income (1)
$262.2
$275.2
($13.0)
(4.7) %
$270.1
(1.9) %
GAAP-based net income, attributable to OpenText
$74.7
$91.5
($16.8)
(18.4) %
N/A
N/A
GAAP-based EPS, diluted
$0.28
$0.33
($0.05)
(15.2) %
N/A
N/A
Non-GAAP-based EPS, diluted (1)(2)
$0.70
$0.75
($0.05)
(6.7) %
$0.73
(2.7) %
Adjusted EBITDA (1)
$284.5
$297.1
($12.6)
(4.3) %
$292.5
(1.5) %
Operating cash flows
$323.6
$63.6
$260.0
409.0 %
N/A
N/A
Free cash flows (1)
$306.0
$50.3
$255.7
508.8 %
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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