CIMdata PLM Industry Summary Online Archive
9 August 2012
Financial News
OpenText Reports Fourth Quarter and Fiscal Year 2012 Financial Results
Open Text(TM) Corporation announced today its financial results for the fourth quarter and year ended June 30, 2012.
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
Conference Call Information
The public is invited to listen to the earnings conference call at 5:00 p.m. ET (2:00 p.m. PT) by dialing 877-974-0446 (toll-free) or 416-644-3417 (international). Please dial-in 15 minutes ahead of time to ensure proper connection. Alternatively, a live webcast of the earnings conference call will be available on the Investor Relations section of the Company's website at http://www.opentext.com/2/global/ex_event.html?evtype=events&id=701D0000000VS0qIAG.
An audio replay of the conference call will also be made available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m. on August 23, 2012 and can be accessed by dialing 877-289-8525 (toll-free) or 416-640-1917 (international) and entering the confirmation code: 4549967 followed by the number sign.
For an unabridged version of this press release, visit: http://www.opentext.com/2/global/press-release-details.html?id=ECA7DC2E76E042D8B872FF0122C0528E
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