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OpenText Reports Fourth Quarter and Fiscal Year 2021 Financial Results

OpenText Reports Fourth Quarter and Fiscal Year 2021 Financial Results
investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.

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OpenText Reports Fourth Quarter and Fiscal Year 2021 Financial Results

OpenText Reports Fourth Quarter and Fiscal Year 2021 Financial Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , City Of , United Kingdom , Harrye Blount , Madhu Ranganathan , Asia Pacific , Markj Barrenechea , Purchase Of Carbonite Inc , Text Corporation , Company Annual Report On Form , Customer Communications Management Aspire Leaderboard , Text Corporation Opentext , Open Text Corporation , California Department Of State Hospitals , Purchase Of Liaison Technologies Inc , Wells Fargo , Information Company , Purchase Of Catalyst Repository Systems Inc , Netherlands Police , Purchase Of Dynamic Solutions Group Inc , Services Australia , Exchange Commission , Big Cart Holdings , Purchase Of Guidance Software Inc , Company Fiscal , Record Annual Total Revenues ,

OpenText Reports Third Quarter Fiscal Year 2021 Financial Results


OpenText Reports Third Quarter Fiscal Year 2021 Financial Results
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WATERLOO, ON, May 6, 2021 /PRNewswire/
Third Quarter Highlights
83% of Total Revenues
Operating cash flows were $63.6 million and free cash flows were $50.3 million, which include an IRS settlement payment of $290.0 million
GAAP-based net income of $91.5 million, up 252.4% Y/Y, margin of 11.0%, up 780 basis points Y/Y
Adjusted EBITDA of $297.1 million, up 14.5%, margin of 35.7%, up 390 basis points Y/Y
GAAP-based diluted EPS of $0.33, up 230.0% Y/Y
Non-GAAP diluted EPS of $0.75, up 23.0%, and $0.71 in constant currency, up 16.4% Y/Y
Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), The Information Company, today announced its financial results for the third quarter ended March 31, 2021. ....

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Sunburn — The morning read of what's hot in Florida politics — 3.12.21


Sunburn — The morning read of what’s hot in Florida politics — 3.12.21
Good Friday morning.
According to a new poll released by
Ryan Tyson of The Tyson Group, Florida voters support several measures pitched as improving election security and voter access.
The poll, commissioned by nonpartisan nonprofit Secure Democracy, found more than three-quarters of Floridians want ballot drop boxes to be monitored either in-person or by video.
The proposal earned 77% among the 600 voters polled, with Republicans backing it at a higher rate (83%) than Democrats or no-party voters.
Meanwhile, nearly seven in 10 said they want their family members or caregivers to be able to turn in a ballot on their behalf. A near equal number (67%) want more days of early voting, while most (57%) want the state to tell felons what fines they need to pay to regain voting rights. ....

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OpenText Reports Second Quarter Fiscal Year 2021 Financial Results


OpenText Reports Second Quarter Fiscal Year 2021 Financial Results
Record Annual Recurring Revenues Record Cloud Revenues – Second Quarter Highlights Operating Cash Flows of $282.5 million in the quarter, up 36.3% YY Free Cash Flows of $274.8 million in the quarter, up 46.5% YY GAAP-based net income of million down 160.9% YY, margin of % down 2,160 basis points YY, primarily due to one-time IRS settlement charge of $299 million Adjusted EBITDA of $360.8 million up 13.8%, margin of …
Record Annual Recurring Revenues (ARR), Record Cloud Revenues
–
Free Cash Flows of $274.8 million in the quarter, up 46.5% Y/Y
GAAP-based net income (loss) of ($65.5) million , down 160.9% Y/Y, margin of (7.7)% down 2,160 basis points Y/Y, primarily due to one-time IRS settlement charge of $299 million ....

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