Market Expansion and Value Creation
Summary of Quarterly Results with Constant Currency
(In millions U.S. dollars, except per share data)
Q4 FY'23
Q4 FY'22
$ Change
% Change
Q4 FY'23
in CC*
% Change
in CC*
Revenues:
Cloud services and subscriptions
Customer support
Total annual recurring revenues
$451.7
$411.6
$40.1
9.7 %
$455.4
10.6 %
705.3
328.3
376.9
114.8 %
**
$1,156.9
$739.9
$417.0
56.4 %
711.4
$1,166.8
116.7 %
57.7 %
License
228.8
94.7
134.1
141.6 %
229.2
142.0 %
Professional service and other
105.1
67.8
37.3
54.9 %
106.3
56.7 %
Total revenues
$1,490.8
$902.5
$588.4
65.2 %
$1,502.3
66.5 %
GAAP-based operating income
$121.3
$137.6
($16.3)
(11.8) %
N/A
N/A
Non-GAAP-based operating income (1)
$431.7
$291.0
$140.8
48.4 %
$421.5
44.9 %
GAAP-based net income (loss), attributable to OpenText
($48.7)
$102.2
($150.9)
(147.7) %
N/A
N/A
GAAP-based EPS, diluted
($0.18)
$0.38
($0.56)
(147.4) %
N/A
N/A
Non-GAAP-based EPS, diluted (1)(2)
$0.91
$0.80
$0.11
13.8 %
$0.88
10.0 %
Adjusted EBITDA (1)
$462.8
$313.6
$149.2
Operating cash flows
$115.3
$251.9
($136.6)
47.6 %
(54.2) %
$452.7
44.3 %
N/A
N/A
Free cash flows (1)
$91.2
$213.8
($122.5)
(57.3) %
N/A
N/A
(1) See reconciliation of GAAP-based measures to Non-GAAP-based measures at the end of this presentation.
(2) Please also see Note 14 to the Company's Fiscal 2018 Consolidated Financial Statements on Form 10-K. Reflective of the amount of net tax benefit arising from the internal reorganization assumed to be allocable
to the current period based on the forecasted utilization period.
Note: Individual line items in table may be adjusted by non-material amounts to enable totals to align to published financial statements.
*CC: Constant Currency for this purpose is defined as the current period reported revenues/expenses/earnings represented at the prior comparative period's foreign exchange rate.
** Annual recurring revenue is defined as the sum of Cloud services and subscriptions revenue and Customer support revenue.
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