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M-Files Completes Software-as-a-Service (SaaS) Transition with Subscription Revenue Fueling 94 percent of its Annual Recurring Revenue in 2020

M-Files Completes Software-as-a-Service (SaaS) Transition with Subscription Revenue Fueling 94 percent of its Annual Recurring Revenue in 2020
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Kyocera Document Solutions recognised in Gartner Magic Quadrant

Feb 17, 2021
Kyocera Document Solutions Europe announced in the closing days of 2020 that it had been recognised for the first time as a niche player in the latest Gartner Magic Quadrant for Content Services Platforms (CSPs).
Published by Gartner, “a Magic Quadrant is a culmination of research in a specific market, giving readers a wide-angle view of the relative positions of the market’s competitors”. It evaluates vendors based on their “Completeness of Vision” and “Ability to Execute”.
“Gartner defines a CSP as the foundational component in an organisation for the management and utilisation of content. CSPs provide a way for employees to retrieve and work with content in a modern, seamless way across devices and organisational boundaries. CSPs enable organisations to leverage various types of content (invoices, delivery notes, purchase orders, proof of payments, bank accounts, emails, images, audio files etc) through features such as document capturin ....

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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
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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

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. ....

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M-Files Secures $80 Million Growth Investment Led by Bregal Milestone

M-Files Secures $80 Million Growth Investment Led by Bregal Milestone
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Bregal Milestone, a European growth capital firm, led the round with current investors Partech, Tesi and Draper Esprit also participating
(Left) Cyrus Shey, Managing Partner of Bregal Milestone
(Right) Antti Nivala, CEO and Founder of M-Files
The valuable investment from Bregal Milestone, bolstered by support from our existing shareholders Partech, Tesi and Draper Esprit, will enable M-Files to deliver further innovations in product development, AI and our cloud platform, said Antti Nivala, CEO and Founder of M-Files.
AUSTIN, Texas and TAMPERE, Finland and LONDON (PRWEB)
January 12, 2021
M-Files, the intelligent information management company, today announced that it has received a strategic investment of $80 million (€67 million). Bregal Milestone, a European growth capital firm, led the round wi ....

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