CIMdata PLM Industry Summary Online Archive

24 January 2013

Financial News

Open Text Reports Second Quarter Fiscal Year 2013 Financial Results

Open Text(TM) Corporation announced its financial results for the second quarter ended December 31, 2012.

Financial Highlights for Q2 FY13 (1)

  • Total revenue for the period was $352.2 million, up 10% Y/Y
  • License revenue was $76.1 million, compared to $89.7 million last year
  • Cloud services revenue was $46.2 million
  • Non-GAAP-based EPS, diluted was $1.58 compared to $1.39 Y/Y, up 14% Y/Y; GAAP-based EPS, diluted was $1.04 compared to$0.81 Y/Y (2)
  • Non-GAAP-based operating income was $113.0 million and 32.1% of revenues; GAAP-based income from operations was $67.2 million and 19% of revenues (2)
  • Operating cash flow was $74.7 million compared to $44.7 million up 67%Y/Y, with an ending cash balance of $367.3 million.

"We performed well in the quarter, delivering the highest quarterly revenue, non-GAAP operating margin, and non-GAAP EPS in the Company's history," said OpenText CEO Mark J. Barrenechea.  "We continue to invest in expanding our sales force and building new products, balanced with strong earnings.  I am confident these investments will yield results."

"We are committed to leading the market with the broadest range of EIM software and services, both on premise and in the cloud."

Business Highlights

  • Financial, services, technology and basic materials industries saw the most demand
  • 5 license transactions over $1 million and 11 license transactions between $500K and $1 million in the second quarter
  • Customer successes in the second quarter include Husch Blackwell Sanders, Defense Logistics Agency, LG&E and KU Services Company, Howard County Maryland, Mitsubishi Electric Information Systems, Sprint and Lincolnshire County Council
  • OpenText delivers Enterprise Information Management apps for Windows® 8
  • OpenText offers software trade-in for Autonomy customers
  • Latest release of OpenText Managed File Transfer helps customers reduce information exchange risks
  • OpenText delivers Tempo Social and Tempo Box in the cloud
  • OpenText unveils EIM cloud
  • OpenText announces InfoFusion
  • Leading analyst firm validates OpenText as leader in growing global enterprise fax software and services markets
  • OpenText expands in India: growing customer base, expanded R&D capacity
  • Leading organizations in India increasingly adopt OpenText's cloud services and solutions to help accelerate growth and revenue

Conference Call Information

The audio replay will remain available until 11:59 p.m. on February 7, 2013 and can be accessed by dialing 877-289-8525 (toll-free) or 416-640-1917 (international) and entering the confirmation code: 4588113 followed by the number sign.

To view an unabridged version of this press release, visit: http://www.opentext.com/2/global/press-release-details.html?id=38669728AE014D8E90D16269A2A825A6

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