OpenText Reports Third Quarter Fiscal Year 2015 Financial Results

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For more information, please contact:

United States:

Greg Secord
Vice President, Investor Relations
Open Text Corporation
San Francisco: 415-963-0825
Email Contact

Canada:

Sonya Mehan
Senior Manager, Investor Relations
Open Text Corporation
Waterloo: 519-888-7111 ext. 2446
Email Contact

Copyright ©2015 Open Text Corporation. OpenText is a trademark or registered trademark of Open Text SA and/or Open Text ULC. The list of trademarks is not exhaustive of other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text SA or other respective owners. All rights reserved. For more information, visit: http://www.opentext.com/2/global/site-copyright.html_SKU.

OPEN TEXT CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands of U.S. dollars, except share data)

	March 31, 2015		June 30, 2014
	(unaudited)
ASSETS
Cash and cash equivalents	$	613,177	$	427,890
Short-term investments	19,029		—
Accounts receivable trade, net of allowance for doubtful accounts of $6,818 as of March 31, 2015 and $4,727 as of June 30, 2014	251,826		292,929
Income taxes recoverable	20,543		24,648
Prepaid expenses and other current assets	53,563		42,053
Deferred tax assets	35,936		28,215
Total current assets	994,074		815,735
Property and equipment	155,129		142,261
Goodwill	2,155,243		1,963,557
Acquired intangible assets	730,673		725,318
Deferred tax assets	149,570		156,712
Other assets	84,223		52,041
Deferred charges	41,043		52,376
Long-term income taxes recoverable	8,587		10,638
Total assets	$	4,318,542	$	3,918,638
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	212,397	$	231,954
Current portion of long-term debt	15,802		62,582
Deferred revenues	364,728		332,664
Income taxes payable	4,529		31,630
Deferred tax liabilities	2,220		1,053
Total current liabilities	599,676		659,883
Long-term liabilities:
Accrued liabilities	30,802		41,999
Deferred credits	14,089		17,529
Pension liability	64,000		60,300
Long-term debt	1,582,000		1,256,750
Deferred revenues	20,042		17,248
Long-term income taxes payable	163,232		162,131
Deferred tax liabilities	65,659		60,631
Total long-term liabilities	1,939,824		1,616,588
Shareholders' equity:
Share capital
122,207,636 and 121,758,432 Common Shares issued and outstanding at March 31, 2015 and June 30, 2014, respectively; Authorized Common Shares: unlimited	806,532		792,834
Additional paid-in capital	120,246		112,398
Accumulated other comprehensive income	43,720		39,449
Retained earnings	818,666		716,317
Treasury stock, at cost (407,725 shares at March 31, 2015 and 763,278 at June 30, 2014, respectively)	(10,680)		(19,132)
Total OpenText shareholders' equity	1,778,484		1,641,866
Non-controlling interests	558		301
Total shareholders' equity	1,779,042		1,642,167
Total liabilities and shareholders' equity	$	4,318,542	$	3,918,638

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