OpenText Reports Third Quarter Fiscal Year 2018 Financial Results

OpenText Quarterly Business Highlights

  • 22 customer transactions over $1 million, 10 OpenText Cloud and 12 on-premise
  • Financial, Consumer Goods, Services, Technology and Public Sector industries saw the most demand in cloud and license
  • Key customer wins in the quarter included All InBox, City of Philadelphia, Corsair, PFU Limited, Central Provident Fund Board, Airports of Thailand, Progressive Insurance, ADP, Massachusetts Bay Transportation Authority, Nidec Automotive, Blue Shield of California, MUFG Union Bank, Bank Mandiri, West Bend Mutual Insurance Company, National Grid UK, SwissLife, Tieto, McGill University, and United States Census Bureau
  • Madhu Ranganathan Joins OpenText as Chief Financial Officer
  • OpenText acquires Hightail, a leading cloud service for file sharing and creative collaboration
  • OpenText Release 16 EP4 extends security, artificial intelligence (AI), the internet of things (IoT), and cloud support into the market-leading OpenText EIM platform  
  • OpenText Enfuse 2018 to showcase the future of cybersecurity and digital investigations
  • OpenText Enterprise World 2018 to Showcase the Intelligent and Connected Enterprise

Dividend Program Highlights

As part of our quarterly, non-cumulative cash dividend program, the Board declared on May 8, 2018 a cash dividend of $0.1518 per common share. The record date for this dividend is June 8, 2018 and the payment date is June 29, 2018. Future declarations of dividends and the establishment of future record and payment dates are subject to the final determination and discretion of the Board of Directors.

Summary of Quarterly Results









Q3 FY18

Q2 FY18

Q3 FY17

% Change

(Q3 FY18 vs
Q2 FY18)


% Change

(Q3 FY18 vs
Q3 FY17)


Revenue (million)

$685.9


$734.4


$593.1


(6.6)

%


15.6

%


GAAP-based gross margin

64.6

%

67.3

%

64.5

%

(270)


bps

10


bps

GAAP-based operating margin

14.9

%

22.7

%

11.0

%

(780)


bps

390


bps

GAAP-based EPS, diluted

$0.22


$0.32


$0.08


(31.3)

%


175.0

%


Non-GAAP-based gross margin (1)

71.6

%

73.9

%

71.2

%

(230)


bps

40


bps

Non-GAAP-based operating margin (1)

29.8

%

36.5

%

29.1

%

(670)


bps

70


bps

Non-GAAP-based EPS, diluted (1)(3)

$0.54


$0.76


$0.45


(28.9)

%


20.0

%



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