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(1) Please see note 2 "Use of Non-GAAP Financial Measures" below |
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(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. |
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Note: Individual line items in tables may be adjusted by non-material amounts to enable totals to align to published financial statements. |
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*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. |
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**Annual recurring revenue is defined as the sum of Cloud services and subscriptions revenue and Customer support revenue. |
Dividend Program
As part of our quarterly, non-cumulative cash dividend program, the Board declared on July 31, 2019 a cash dividend of $0.1746 per common share. The record date for this dividend is August 30, 2019 and the payment date is September 20, 2019. Future declarations of dividends and the establishment of future record and payment dates are subject to the final determination and discretion of the Board of Directors.
OpenText Quarterly Business Highlights
- 26 customer transactions over $1 million, 13 in the OpenText Cloud and 13 off-cloud
- Financial, Consumer Goods, Services, Technology and Public Sector industries saw the most demand in cloud and license
- Key customer wins in the quarter included: BMW Group, Core-Mark Holding Company, Inc., Creative Foam Corporation, Credito Emiliano SpA, Lanxess Deutschland GmbH, Phillips Lytle LLP, Premier Healthcare Solutions, Inc. and Vertican Technologies, Inc.
- OpenText hosts largest Enterprise Information Management conference, OpenText Enterprise World, in Toronto
- OpenText announces the next generation Enterprise Information Management Cloud at Enterprise World
- OpenText announces strategic partnership with Google Cloud
- OpenText and Mastercard Partner to Transform Financial Processes Across Global Supply Chains
- OpenText named a Customer Communications Management leader in 2019 Aspire CCM leaderboard
- OpenText AppWorks named a leader in Digital Process Automation for Deep Deployments
- New OpenText Content Management Services to be delivered through SAP® Cloud Platform
- OpenText releases new Cloud and Hybrid offerings for SAP® solutions
- OpenText receives 2019 SAP® Pinnacle Award as the SAP Solution Extension Partner of the Year
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Summary of Annual Results |
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FY19 |
FY18 |
% Change |
|||||
|
Revenue (million) |
$2,868.8 |
$2,815.2 |
1.9 |
% |
|||
|
GAAP-based gross margin |
67.6 |
% |
66.2 |
% |
140 |
bps |
|
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GAAP-based EPS, diluted |
$1.06 |
$0.91 |
16.5 |
% |
|||
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Non-GAAP-based gross margin (1) |
74.1 |
% |
73.0 |
% |
110 |
bps |
|
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Non-GAAP-based EPS, diluted (1)(2) |
$2.76 |
$2.56 |
7.8 |
% |
|||
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Summary of Quarterly Results |
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|
Q4 FY19 |
Q3 FY19 |
Q4 FY18 |
% Change
|
% Change
|
||||||||
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Revenue (million) |
$747.2 |
$719.1 |
$754.3 |
3.9 |
% |
(0.9) |
% |
|||||
|
GAAP-based gross margin |
68.3 |
% |
66.7 |
% |
67.5 |
% |
160 |
bps |
80 |
bps |
||
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GAAP-based EPS, diluted |
$0.27 |
$0.27 |
$0.23 |
— |
% |
17.4 |
% |
|||||
|
Non-GAAP-based gross margin (1) |
74.2 |
% |
73.0 |
% |
74.0 |
% |
120 |
bps |
20 |
bps |
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Non-GAAP-based EPS, diluted (1)(2) |
$0.72 |
$0.64 |
$0.72 |
12.5 |
% |
— |
% |
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