OpenText Reports Third Quarter Fiscal Year 2015 Financial Results

 

Summary of Quarterly Results - Constant Currency



Q3 FY15 re-presented on a constant currency basis

Q3 FY14

$ Change

% Change


FX impact - higher (lower)

Revenues: (in millions)







Cloud services

$149.9


$128.4


$21.5


16.7

%


$

(6.1)


Customer support

198.2


180.3


17.9


9.9

%


(13.9)


Professional service and other

60.1


61.0


(0.9)


(1.5)

%


(4.6)


Total Recurring revenues

$408.2


$369.7


$38.5


10.4

%


$

(24.6)


License

$70.3


73.1


(2.8)


(3.8)%



(6.3)


Total revenues

$478.5


$442.8


$35.7


8.1

%


$

(30.9)


Non-GAAP-based operating margin (2)

26.3

%

29.1

%

n/a


(280)


bps


Non-GAAP-based EPS, diluted (2)

$0.73


$0.84


($0.11)


(13.1)

%


($0.07)


"In Q315, our cloud revenue grew 12%, up 17% in constant currency and we closed 7 iX deals over $1 million, the benefit of which we will see in our future ongoing cloud revenues," said OpenText CEO Mark J. Barrenechea . "Our products and services are resonating with enterprise customers and OpenText is well positioned to lead the digital transformation in the cloud."

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