Financial Highlights for Q4 FY12
- Total revenue for the period was $305.6 million up 7% Y/Y
- License revenue was $78.0 million, down 2% Y/Y
- GAAP-based EPS, diluted was $0.14 compared to $0.49 Y/Y; Non-GAAP-based EPS, diluted was $1.17 compared to $1.05 Y/Y up 11% Y/Y (2)
- GAAP-based income from operations was $39.7 million and 13.0% of revenues; Non-GAAP-based operating income was $84.8 million and 27.7% of revenues(2)
- Operating cash flow was $79.8 million compared to $52.0 million up 53% Y/Y, with an ending cash balance of $559.7 million.
Financial Highlights for FY12
- Total revenue for the period was $1,207.5 million up 17% Y/Y
- License revenue was $293.7 million, up 9% Y/Y
- GAAP-based EPS, diluted was $2.13 compared to $2.11 Y/Y; Non-GAAP-based EPS, diluted was $4.60 compared to $4.07 Y/Y up 13% Y/Y (2)
- GAAP-based income from operations was $149.4 million and 12.4% of revenues; Non-GAAP-based operating income was $329.9 million and 27.3% of revenues(2)
- Operating cash flow was $266.5 million compared to $223.2 million up 19% Y/Y
"In fiscal year 2012 OpenText delivered its best revenue and non-GAAP earnings in our 20 year history. With revenue up 17% and non-GAAP earnings up 13%, we have consistently grown revenue and non-GAAP earnings year-over-year for the last 7 fiscal years," said OpenText CEO Mark J. Barrenechea.
Mr. Barrenechea continued, "During the fiscal year, we rebuilt the leadership team, better organized the company and positioned ourselves to grow market share in the $13 billion Enterprise Information Management (EIM) market. We see increasing demand for our EIM solutions as customers are turning their attention to a single source of truth for all of their unstructured information."(5)
Business Highlights
- EIM expanded market opportunity
- EasyLink acquisition closed July 2, 2012
- Announcement of OpenText Cloud
- Technology, services, financial and public sector industries saw the most demand
- Organizational changes complete
- 8 deals over $1 million and 12 deals between $500K and $1 million in the fourth quarter
- Customer successes in the fourth quarter include McCain Foods Limited, Capricorn Investment Holdings, Bendigo Bank of Australia, The Polytechnic University of Hong Kong, News International Limited, Mosaic, JP Morgan, U.S. Department of the Interior and the National Olympic Photo Pool.
-
OpenText solutions help UK national press photographers showcase visual
story of the Olympics
http://www.opentext.com/2/global/press-release-details.html?id=FD0360263C1A42748753AE2D358038EA -
U.S. Department of the Interior deploys OpenText cloud-based ECM
solution
http://www.opentext.com/2/global/press-release-details.html?id=D7D55237959549F89FA6445E7898C9A4
| Summary of Quarterly Results | |||||||
| Q4 FY12 | Q3 FY12 | Q4 FY11 | % Change (Q/Q) | % Change (Y/Y) | |||
| Revenue (million) | $305.6 | $292.3 | $285.5 | 4.6% | 7.0% | ||
| GAAP-based gross margin | 65.8% | 63.6% | 66.7% | 220 | bps | (90) | bps |
| GAAP-based operating income margin | 13.0% | 9.3% | 13.0% | 370 | bps | — | bps |
| GAAP-based EPS, diluted | $0.14 | $0.59 | $0.49 | (76.3%) | (71.4%) | ||
| Non-GAAP-based gross margin (2) | 72.9% | 71.0% | 73.2% | 190 | bps | (30) | bps |
| Non-GAAP-based operating margin(2) | 27.7% | 25.2% | 25.8% | 250 | bps | 190 | bps |
| Non-GAAP-based EPS, diluted (2) | $1.17 | $1.01 | $1.05 | 15.8% | 11.4% |
| Summary of Year to Date Results | |||||
| FY12 | Q3 YTD FY12 | FY11 | % Change (Y/Y) | ||
| Revenue (million) | $1,207.5 | $901.8 | $1,033.3 | 16.9% | |
| GAAP-based gross margin | 65.4% | 65.2% | 67.0% | (160) | bps |
| GAAP-based operating income margin | 12.4% | 12.2% | 14.6% | (220) | bps |
| GAAP-based EPS, diluted | $2.13 | $2.00 | $2.11 | 0.95% | |
| Non-GAAP-based gross margin (2) | 72.5% | 72.3% | 73.6% | (110) | bps |
| Non-GAAP-based operating margin (2) | 27.3% | 27.2% | 27.5% | (20) | bps |
| Non-GAAP-based EPS, diluted (2) | $4.60 | $3.43 | $4.07 | 13.0% | |
