PR Newswire
WATERLOO, Ontario, Nov. 2, 2017
Total revenue of $641 million, up 30% Y/Y
Named as a Leader in Gartner Magic Quadrant for Content Services Platforms
WATERLOO, Ontario, Nov. 2, 2017 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX, TSX: OTEX), "The Information Company," today announced its financial results for the first quarter ended September 30, 2017.
"OpenText delivered strong first quarter results growing total revenue to $641 million, representing 30% year-over-year growth while delivering $220 million of Adjusted EBITDA, representing 32% year-over-year growth." said Mark J. Barrenechea, OpenText Vice Chairman, CEO & CTO. "Our Annual Recurring Revenues grew to $489 million, representing 29% year-over-year growth. We are off to a very strong start to the new fiscal year."
"During the quarter, we completed the acquisition of Covisint Corporation and Guidance Software Inc, transitioned to the new SAP HANA S4 ERP platform, delivered Release 16 EP2 and Magellan, and named a leader in Content Services Platforms. M&A remains our leading growth contributor, complemented by organic growth," said Barrenechea.
Barrenechea concluded, "We start with a customer's business needs, and work backwards on a strategy to meet those needs. OpenText has evolved into "The Information Company" enabling customers to manage and unlock the value of their information. Customers are responding well to our expanded Enterprise Information Management (EIM) offerings which now include advance capabilities for Artificial Intelligence (AI), Internet-of-Things (IoT), and Information Forensics and Security. OpenText is well positioned to be the leading Digital platform for the world's leading companies, both on-premise and in the Cloud."
Financial Highlights for Q1 2018 with Year Over Year Comparisons
Summary of Quarterly Results | | | | | | | | | ||||||
(in millions except per share data) | Q1 FY18 | Q1 FY17 | $ Change | % Change | | Q1 FY18 in | % Change in | | ||||||
Revenues: | | | | | | | | | ||||||
Cloud services and subscriptions | $193.9 | | $169.7 | | $24.2 | | 14.2 | % | | $194.8 | | 14.8 | % | |
Customer support | 295.4 | | 210.2 | | 85.2 | | 40.5 | % | | 292.3 | | 39.0 | % | |
Total annual recurring revenues** | $489.3 | | $379.9 | | $109.4 | | 28.8 | % | | $487.0 | | 28.2 | % | |
License | 78.2 | | 60.7 | | 17.6 | | 29.0 | % | | 77.2 | | 27.3 | % | |
Professional service and other | 73.2 | | 51.1 | | 22.1 | | 43.2 | % | | 71.6 | | 40.1 | % | |
Total revenues | $640.7 | | $491.7 | | $149.0 | | 30.3 | % | | $635.9 | | 29.3 | % | |
GAAP-based operating income | $87.1 | | $74.1 | | $13.1 | | 17.6 | % | | | | | ||
Non-GAAP-based operating income (1) | $201.1 | | $151.4 | | $49.7 | | 32.9 | % | | $198.9 | | 31.4 | % | |
GAAP-based operating margin | 13.6 | % | 15.1 | % | n/a | | (150) | | bps | | | | ||
Non-GAAP-based operating margin (1) | 31.4 | % | 30.8 | % Werbung Mehr Nachrichten zur Open Text Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |