Total Growth Model: Cloud and ARR Growth
Reconciliation of Selected Non-GAAP Measures | Q2 FY'24
Three Months Ended December 31, 2023
Non-GAAP %
GAAP % of
(In '000's U.S. dollars, except per share data)
COST OF REVENUES
Cloud services and subscriptions
GAAP
Total Revenue Adjustments
FN
Non-GAAP
of Total
Revenue
180,148
(3,609) (1)
176,539
Customer support
73,374
(1,128) (1)
72,246
Professional service and other
75,459
(1,756) (1)
73,703
Amortization of acquired technology-based intangible assets
70,784
(70,784) (2)
GAAP-based gross profit and gross margin (%) /
Non-GAAP-based gross profit and gross margin (%)
1,129,120
73.6%
77,277 (3)
1,206,397
78.6%
Operating expenses
Research and development
220,220
(12,767) (1)
207,453
Sales and marketing
280,263
(13,227) (1)
267,036
General and administrative
173,264
(7,688) (1)
165,576
Amortization of acquired customer-based intangible assets
113,925
(113,925) (2)
Special charges (recoveries)
54,166
(54,166) (4)
GAAP-based income from operations / Non-GAAP-based income from
operations
253,867
279,050 (5)
532,917
Other income (expense), net
(68,784)
68,784 (6)
Provision for income taxes
8,054
47,054 (7)
55,108
GAAP-based net income / Non-GAAP-based net income, attributable to
OpenText
37,675
300,780 (8)
338,455
GAAP-based earnings per share / Non-GAAP-based earnings per share-diluted,
attributable to OpenText
0.14
69
1.10
(8)
1.24
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