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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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OpenText Appoints Kristina Lengyel as Executive Vice President, Customer Solutions


OpenText Appoints Kristina Lengyel as Executive Vice President, Customer Solutions
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WATERLOO, ON, March 8, 2021 /PRNewswire/  
OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the appointment of Kristina Lengyel as Executive Vice President, Customer Solutions. In this role she will lead world-wide cloud onboarding and success, professional services and learning services.  Ms. Lengyel will report to Mark J. Barrenechea, OpenText CEO & CTO, and join OpenText s Executive Leadership Team.
I am delighted to welcome Kristina Lengyel to OpenText. Throughout her career Kristina has had great success in delivering both cloud and off-cloud customer solutions at high-growth companies, said Mark J. Barrenechea, OpenText CEO & CTO. The Customer Solutions group will be over 3,000 employees strong and focused on helping our customers gain maximum value from OpenText offerings, both in the cloud and off cloud. ....

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