- Non-GAAP-based Operating Margin was 34%
- Blue Carbon To Be Unveiled at Enterprise World; Enters Beta this Quarter
- Total Revenue Was $434.5 Million, Down 4%; in CC*, Up 3%
Open Text Corporation announced its financial results for the first quarter ended September 30, 2015.
"Fiscal 2016 will be a transformative year for OpenText. Digitalization enables customers to create a better way to work, and project Blue Carbon is the enabling platform. I am pleased to confirm project Blue Carbon will be available in Beta this quarter and unveiled at our annual user conference Enterprise World, taking place November 8 to 13, 2015," said OpenText CEO Mark J. Barrenechea.
Barrenechea further added, "As for Fiscal Q1 results, due to the strength of the US Dollar, foreign currency volatility continued to have a significant impact on our results in the quarter, negatively impacting total revenue by $34M. In constant currency, total revenue grew 3%, and recurring revenue grew 4%. We remain confident in our 2020 target model of adjusted operating margins between 34% to 38%."
