Q1 FY'22 Financial Overview
Summary of Annual Results with Constant Currency
(In millions, except per share data)
Revenues:
FY'21
FY'20
$ Change
% Change
FY'21 in CC*
% Change
in CC*
Cloud services and subscriptions
$1,407.4
$1,157.7
$249.8
21.6 %
$1,389.7
20.0 %
Customer support
1,334.1
1,275.6
58.5
4.6 %
Total annual recurring revenues'
**
$2,741.5
$2,433.3
$308.2
12.7 %
1,297.0
$2,686.6
1.7 %
10.4 %
License
384.7
402.9
(18.1)
(4.5) %
368.1
(8.6) %
Professional service and other
259.9
273.6
($13.7)
(5.0) %
250.0
(8.6) %
Total revenues
$3,386.1
$3,109.7
$276.4
8.9 %
$3,304.8
6.3 %
GAAP-based operating income
$740.9
$503.5
$237.4
47.1 %
N/A
N/A
Non-GAAP-based operating income (1)
$1,230.0
$1,058.8
$171.2
16.2 %
$1,193.9
12.8 %
GAAP-based net income, attributable to OpenText
$310.7
$234.2
$76.4
32.6 %
N/A
N/A
GAAP-based EPS, diluted
$1.14
$0.86
$0.28
32.6 %
N/A
N/A
Non-GAAP-based EPS, diluted (1)(2)
$3.39
$2.89
$0.50
17.3 %
Adjusted EBITDA (1)
$1,315.0
$1,148.1
$167.0
14.5 %
$3.28
$1,278.2
13.5 %
11.3 %
Operating cash flows
Free cash flows (1)
$876.1
$812.4
$954.5
($78.4)
(8.2) %
N/A
N/A
$881.8
($69.4)
(7.9) %
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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