Open Text Corporation announced today its financial results for the first quarter ended September 30, 2014.
Financial Highlights for Q1 FY15 (1)
- Total revenue was $453.8 million, up 40% Y/Y
- License revenue was $58.6 million, up 6% Y/Y
- Cloud services revenue was $150.0 million, up 260% Y/Y
- Customer support revenue was $183.9 million, up 9% Y/Y
- Non-GAAP-based EPS, diluted was $0.97 compared to $0.69 Y/Y, up 41%; GAAP-based EPS, diluted was $0.53 compared to $0.26 Y/Y up 104%, on a post stock-split basis.(2)
- Non-GAAP-based income from operations was $155.7 million and 34% of revenues, up 57% Y/Y; GAAP-based income from operations was $103.0 million and 23% of revenues, up 98% Y/Y.(2)
- Operating cash flow was $138.5 million, up 73% Y/Y, with an ending cash balance of $492.5 million.
"We delivered the strongest first quarter results in the history of OpenText, with total revenues of $453.8 million, up 40% year-over-year and non-GAAP-based operating income of $155.7 million, up 57% year-over-year, despite a toughening economy" said Mark J. Barrenechea OpenText CEO. "Our focus on enabling a digital-first world is resonating with customers as they deploy projects to reduce costs, grow revenues or scale with greater efficiency."
"In November we will be hosting our annual Enterprise World user conference where we will unveil important new innovations such as: Service Pack 1 (SP1) for our EIM suites, our next-generation cloud offerings and our future plans for project Blue Carbon."
To view an unabridged version of this press release, visit: http://investors.opentext.com/?_ga=1.95169882.776164090.1414086545
