Reconciliation of selected GAAP-based measures to Non-GAAP-based measures
|
||||||||||||||
Three Months Ended March 31, 2019 |
||||||||||||||
GAAP-based
|
GAAP-based
|
Adjustments |
Note |
Non-GAAP-
|
Non-GAAP-
|
|||||||||
Cost of revenues |
||||||||||||||
Cloud services and subscriptions |
$ |
103,873 |
$ |
(291) |
(1) |
$ |
103,582 |
|||||||
Customer support |
31,844 |
(310) |
(1) |
31,534 |
||||||||||
Professional service and other |
56,626 |
(448) |
(1) |
56,178 |
||||||||||
Amortization of acquired technology-based intangible assets |
44,596 |
(44,596) |
(2) |
— |
||||||||||
GAAP-based gross profit and gross margin (%) /
Non-GAAP-based gross profit and gross margin (%)
|
479,515 |
66.7 |
% |
45,645 |
(3) |
525,160 |
73.0 |
% |
||||||
Operating expenses |
||||||||||||||
Research and development |
84,905 |
(1,315) |
(1) |
83,590 |
||||||||||
Sales and marketing |
132,244 |
(2,458) |
(1) |
129,786 |
||||||||||
General and administrative |
51,833 |
(1,890) |
(1) |
49,943 |
||||||||||
Amortization of acquired customer-based intangible assets |
48,832 |
(48,832) |
(2) |
— |
||||||||||
Special charges (recoveries) |
796 |
(796) |
(4) |
— |
||||||||||
GAAP-based income from operations / Non-GAAP-based income from operations |
135,877 |
100,936 |
(5) |
236,813 |
||||||||||
Other income (expense), net |
5,065 |
(5,065) |
(6) |
— |
||||||||||
Provision for (recovery of) income taxes |
32,542 |
(4,373) |
(7) |
28,169 |
||||||||||
GAAP-based net income / Non-GAAP-based net income, attributable to OpenText |
72,762 |
100,244 |
(8) |
173,006 |
||||||||||
GAAP-based earnings per share / Non-GAAP-based earnings per share-diluted, attributable to OpenText |
$ |
0.27 |
$ |
0.37 |
(8) |
$ |
0.64 |