Be a Climate Innovator
Summary of Year to Date Results with Constant Currency
% Change
in CC*
(In millions U.S. dollars, except per share data)
FY'23
FY'22
$ Change
% Change
FY'23 in CC*
Revenues:
Cloud services and subscriptions
$1,248.8
$1,123.4
$125.4
11.2 %
$1,283.7
14.3 %
Customer support
Total annual recurring revenues
License
Professional service and other
1,209.7
1,002.6
207.1
20.7 %
1,267.4
26.4 %
$2,458.5
$2,126.0
$332.5
15.6 %
$2,551.1
20.0 %
310.2
263.7
46.6
17.7 %
326.2
23.7 %
225.4
201.7
23.7
11.8 %
237.8
17.9 %
Total revenues
$2,994.2
$2,591.4
$402.8
15.5 %
$3,115.1
20.2 %
GAAP-based operating income
$395.0
$507.2
($112.2)
(22.1) %
N/A
N/A
Non-GAAP-based operating income (1)
$933.6
$886.0
$47.6
GAAP-based net income, attributable to OpenText
$199.1
$294.9
($95.8)
5.4 %
(32.5) %
$966.0
9.0 %
N/A
N/A
GAAP-based EPS, diluted
$0.74
$1.08
($0.34)
(31.5) %
N/A
N/A
Non-GAAP-based EPS, diluted (1)(2)
$2.39
$2.43
($0.04)
(1.6) %
$2.50
2.9 %
Adjusted EBITDA (1)
$1,010.1
$951.4
$58.7
Operating cash flows
$663.9
$729.9
Free cash flows (1)
$564.1
$674.9
($66.0)
($110.8)
6.2 %
(9.0) %
$1,043.1
9.6 %
N/A
N/A
(16.4) %
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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