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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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OpenText Reports Second Quarter Fiscal Year 2021 Financial Results
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WATERLOO, ON, Feb. 4, 2021 /PRNewswire/
Second Quarter Highlights
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
Adjusted EBITDA of $360.8 million, up 13.8%, margin of 42.2%, up 110 basis points Y/Y
GAAP-based diluted earnings (loss) per share of ($0.24), down 160.0% Y/Y
Non-GAAP diluted earnings per share of $0.95, up 13.1%, and $0.92 in constant currency, up 9.5% Y/Y
Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), The Information Company, today announced its financial results for the second quarter ended December 31, 2020.