OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands of U.S. dollars, except share and per share data)

(unaudited)

Three Months Ended March 31,

Nine Months Ended March 31,

2015

2014

2015

2014

Revenues:

License

$

63,958

$

73,083

$

198,397

$

209,553

Cloud services

143,822

128,400

445,097

212,178

Customer support

184,335

180,290

547,707

523,155

Professional service and other

55,462

60,981

178,008

185,835

Total revenues

447,577

442,754

1,369,209

1,130,721

Cost of revenues:

License

3,014

3,527

9,514

9,867

Cloud services

59,989

49,464

174,959

79,692

Customer support

24,092

25,206

71,252

71,785

Professional service and other

44,330

49,218

136,332

145,898

Amortization of acquired technology-based intangible assets

22,136

17,147

58,548

51,712

Total cost of revenues

153,561

144,562

450,605

358,954

Gross profit

294,016

298,192

918,604

771,767

Operating expenses:

Research and development

53,222

47,199

144,134

129,332

Sales and marketing

95,787

93,700

265,896

244,403

General and administrative

45,722

39,336

121,327

101,037

Depreciation

12,809

10,527

37,516

23,883

Amortization of acquired customer-based intangible assets

28,250

24,679

79,498

54,388

Special charges

5,622

15,902

4,032

25,901

Total operating expenses

241,412

231,343

652,403

578,944

Income from operations

52,604

66,849

266,201

192,823

Other income (expense), net

(9,550)

1,652

(28,737)

2,838

Interest and other related expense, net

(16,872)

(9,734)

(36,426)

(17,159)

Income before income taxes

26,182

58,767

201,038

178,502

Provision for (recovery of) income taxes

(309)

12,971

35,401

48,576

Net income for the period

$

26,491

$

45,796

$

165,637

$

129,926

Net (income) loss attributable to non-controlling interests

119

88

(114)

88

Net income attributable to OpenText

$

26,610

$

45,884

$

165,523

$

130,014

Earnings per share—basic attributable to OpenText

$

0.22

$

0.38

$

1.36

$

1.09

Earnings per share—diluted attributable to OpenText

$

0.22

$

0.38

$

1.35

$

1.08

Weighted average number of Common Shares outstanding—basic

122,158

120,873

122,042

119,048

Weighted average number of Common Shares outstanding—diluted

123,054

122,100

122,980

120,031

Dividends declared per Common Share

$

0.1725

$

0.1500

$

0.5175

$

0.4500