Open Text Corp

Latest Results (22.12.2024):

Total Revenue

In the first quarter of fiscal year 2025, Open Text Corp reported total revenues of $1.27 billion. This represents a decrease of 11.0% year-over-year. However, when adjusted for the AMC divestiture, the decline is only 1.8%. The company continues to focus on its cloud services, which have shown consistent growth over the past 15 quarters.

Net Income and Earnings Per Share

Open Text Corp achieved a GAAP-based net income of $84 million for the first quarter of fiscal 2025. The GAAP-based diluted earnings per share (EPS) stood at $0.32, while the non-GAAP diluted EPS was reported at $0.93. These figures highlight the company's ability to maintain profitability despite a challenging economic environment.

Cloud and Recurring Revenues

The company's cloud revenues for the first quarter of fiscal 2025 were $457 million, marking a 1.3% increase year-over-year. Annual recurring revenues (ARR) were reported at $1.05 billion, representing 83% of total revenues. This underscores Open Text Corp's strong focus on building a stable and predictable revenue stream through its cloud services.

Shareholder Returns

During the first quarter of fiscal 2025, Open Text Corp returned $154 million of capital to its shareholders. This included $69 million in dividends and $85 million in share repurchases. The company has also purchased and canceled 7.72 million shares over the last two quarters, demonstrating its commitment to enhancing shareholder value.

Future Outlook

Open Text Corp remains optimistic about its future, with plans to return approximately $570 million to shareholders in fiscal 2025. The company is also investing in the future of Information Management, with a focus on innovation in Business Clouds, Business AI, and Business Technology, including Cyber Security. These strategic initiatives are expected to drive future growth and strengthen the company's market position.