Open Text Corporation (OTEX) Income Statement Analysis

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Complete financial analysis of Open Text Corporation (OTEX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Open Text Corporation, a leading company in the Software – Application industry within the Technology sector.

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Open Text Corporation (OTEX)

Industry: Software - Application

Sector: Technology

Website: https://www.opentext.com

About Open Text Corporation

Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform. The company also provides eDiscovery platform that provides forensics and unstructured data analytics; OpenText Developer Cloud; key developer API services; AI and analytics that leverages structured or unstructured data; digital process automation solutions, which enables organizations to transform into digital data-driven businesses; and OpenText Digital Experience platform. In addition, it offers customer support programs, including access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets; and consulting and learning services relating to the implementation, training, and integration of its licensed product offerings, as well as cloud services. The company serves organizations, enterprise and mid-market companies, public sector agencies, small and medium-sized businesses, and direct consumers in Canada, the United States, the United Kingdom, Germany, rest of Europe, the Middle East, Africa, and internationally. It has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue	5.77B	4.48B	3.49B	3.39B	3.11B	2.87B	2.82B	2.29B	1.82B	1.85B	1.62B	1.36B	1.21B	1.03B	912.02M	785.67M	725.53M	595.66M	409.56M	414.83M	291.06M	177.73M	152.48M	147.70M	112.95M	92.50M	45.30M	22.60M	10.00M
Cost of Revenue	1.58B	1.32B	1.06B	1.03B	1.00B	930.70M	951.41M	762.39M	574.00M	601.79M	511.67M	485.90M	418.02M	341.02M	296.53M	251.84M	232.73M	201.55M	141.19M	125.99M	78.40M	45.20M	39.22M	38.48M	32.24M	16.30M	-16.30M	7.50M	0.00
Gross Profit	4.19B	3.17B	2.43B	2.35B	2.11B	1.94B	1.86B	1.53B	1.25B	1.25B	1.11B	877.43M	789.46M	692.28M	615.49M	533.83M	492.80M	394.11M	268.37M	288.84M	212.66M	132.53M	113.26M	109.22M	80.70M	76.20M	61.60M	15.10M	10.00M
Gross Profit Ratio	72.64%	70.64%	69.60%	69.45%	67.72%	67.56%	66.20%	66.72%	68.53%	67.50%	68.51%	64.36%	65.38%	67.00%	67.49%	67.95%	67.92%	66.16%	65.53%	69.63%	73.06%	74.57%	74.28%	73.95%	71.45%	82.38%	135.98%	66.81%	100.00%
Research & Development	1.14B	680.59M	440.45M	421.45M	370.41M	321.84M	323.46M	281.68M	194.06M	196.49M	176.83M	164.01M	169.04M	145.99M	129.38M	116.16M	105.89M	79.06M	59.18M	65.14M	43.62M	29.32M	24.07M	24.31M	17.74M	11.40M	7.90M	6.60M	0.00
General & Administrative	577.04M	419.59M	317.09M	263.52M	237.53M	207.91M	205.31M	170.44M	140.40M	163.04M	142.45M	109.33M	97.07M	86.70M	83.30M	73.84M	69.99M	62.14M	45.34M	46.11M	22.80M	13.51M	63.58M	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	1.13B	948.60M	677.12M	622.22M	585.04M	518.04M	529.38M	444.84M	344.24M	369.92M	345.64M	289.16M	274.54M	232.33M	198.21M	186.53M	174.19M	150.64M	104.42M	114.55M	87.36M	54.53M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	1.71B	1.37B	994.20M	885.74M	822.58M	725.94M	734.69M	615.28M	484.63M	532.96M	488.09M	398.48M	371.62M	319.03M	281.50M	260.38M	244.17M	212.78M	149.76M	160.66M	110.16M	68.04M	63.58M	64.51M	62.76M	42.40M	26.50M	21.50M	0.00
Other Expenses	0.00	-18.81M	305.35M	301.81M	309.02M	287.54M	17.97M	15.74M	-1.42M	-28.05M	3.94M	-2.47M	3.55M	61.08M	53.37M	45.27M	42.36M	38.43M	20.30M	35.45M	18.41M	8.25M	12.09M	10.64M	7.94M	9.90M	28.00M	16.40M	0.00
Operating Expenses	3.55B	2.48B	1.74B	1.61B	1.50B	1.34B	1.33B	1.11B	846.82M	888.60M	781.19M	655.73M	615.57M	526.10M	464.25M	421.81M	392.42M	330.28M	229.24M	261.25M	172.18M	105.61M	99.75M	99.46M	88.45M	63.70M	62.40M	44.50M	0.00
Cost & Expenses	4.88B	3.80B	2.80B	2.64B	2.51B	2.27B	2.28B	1.87B	1.42B	1.49B	1.29B	1.14B	1.03B	867.12M	760.78M	673.65M	625.15M	531.83M	370.43M	387.24M	250.58M	150.81M	138.97M	137.93M	120.69M	80.00M	46.10M	52.00M	0.00
Interest Income	48.65M	53.49M	4.64M	3.86M	11.77M	8.12M	1.67M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	565.32M	363.63M	157.88M	151.57M	149.20M	136.59M	137.25M	119.12M	76.36M	54.62M	27.93M	16.98M	15.56M	11.84M	10.37M	13.62M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	807.93M	664.30M	495.38M	539.37M	507.37M	477.02M	441.21M	353.13M	247.50M	240.15M	186.18M	186.85M	159.49M	129.13M	113.84M	93.00M	85.51M	75.44M	39.20M	35.45M	18.41M	8.25M	12.09M	10.64M	7.94M	9.90M	28.00M	16.40M	0.00
EBITDA	2.09B	1.26B	1.18B	1.33B	986.13M	1.05B	941.88M	729.70M	609.51M	560.81M	490.65M	382.04M	312.39M	273.72M	213.78M	187.35M	100.38M	139.28M	78.34M	63.03M	58.88M	26.92M	25.60M	20.41M	200.00K	19.00M	1.95M	-13.00M	10.00M
EBITDA Ratio	36.24%	30.20%	35.05%	39.12%	37.57%	37.78%	35.86%	33.96%	35.32%	30.98%	32.13%	29.79%	27.90%	28.58%	29.07%	26.10%	25.70%	25.26%	26.69%	15.53%	23.59%	18.22%	15.73%	15.45%	-41.61%	27.78%	112.14%	-63.27%	100.00%
Operating Income	887.09M	516.29M	644.77M	740.90M	503.53M	567.01M	505.40M	352.93M	368.56M	348.71M	300.53M	197.67M	149.36M	150.61M	107.58M	97.58M	100.38M	50.93M	12.95M	29.31M	30.47M	26.92M	13.51M	9.77M	-7.74M	12.50M	-800.00K	-29.40M	10.00M
Operating Income Ratio	15.38%	11.51%	18.45%	21.88%	16.19%	19.77%	17.95%	15.40%	20.20%	18.83%	18.50%	14.50%	12.37%	14.58%	11.80%	12.42%	13.84%	8.55%	3.16%	7.07%	10.47%	15.15%	8.86%	6.61%	-6.85%	13.51%	-1.77%	-130.09%	100.00%
Total Other Income/Expenses	-157.79M	-294.96M	-128.76M	-90.13M	-158.32M	-126.44M	-120.57M	-105.15M	-77.79M	-82.67M	-23.99M	-19.46M	-12.02M	-17.93M	-16.43M	-16.86M	-23.88M	-18.54M	-3.30M	-1.74M	1.43M	4.02M	3.45M	2.26M	53.24M	-900.00K	-6.08M	1.30M	-10.00M
Income Before Tax	729.30M	221.33M	516.01M	650.77M	345.21M	440.57M	386.13M	249.55M	290.78M	266.04M	276.54M	178.21M	137.35M	132.67M	88.87M	80.78M	76.50M	32.39M	9.65M	27.57M	31.90M	30.93M	16.96M	12.03M	45.50M	11.60M	-24.50M	-28.10M	0.00
Income Before Tax Ratio	12.64%	4.93%	14.77%	19.22%	11.10%	15.36%	13.72%	10.89%	15.94%	14.37%	17.02%	13.07%	11.37%	12.84%	9.74%	10.28%	10.54%	5.44%	2.36%	6.65%	10.96%	17.41%	11.12%	8.14%	40.29%	12.54%	-54.08%	-124.34%	0.00%
Income Tax Expense	264.01M	70.77M	118.75M	339.91M	110.84M	154.94M	143.83M	-776.36M	6.28M	31.64M	58.46M	29.69M	12.17M	9.47M	1.31M	23.79M	22.99M	10.33M	4.09M	6.96M	7.27M	3.18M	289.00K	1.23M	20.42M	-8.60M	-1.00M	-1.20M	43.20M
Net Income	465.09M	150.38M	397.09M	310.67M	234.23M	285.50M	242.22M	1.03B	284.48M	234.33M	218.13M	148.52M	125.17M	123.20M	87.55M	56.94M	53.01M	21.66M	4.98M	20.36M	23.30M	27.76M	16.67M	10.80M	25.08M	20.20M	-23.50M	-28.20M	-43.20M
Net Income Ratio	8.06%	3.35%	11.37%	9.17%	7.53%	9.95%	8.60%	44.77%	15.59%	12.65%	13.43%	10.89%	10.37%	11.92%	9.60%	7.25%	7.31%	3.64%	1.22%	4.91%	8.00%	15.62%	10.93%	7.31%	22.20%	21.84%	-51.88%	-124.78%	-432.00%
EPS	1.71	0.56	1.44	1.18	0.85	1.06	0.91	4.04	1.17	0.96	0.91	0.64	0.54	0.54	0.40	0.27	0.26	0.11	0.03	0.10	0.13	0.18	0.10	0.07	0.14	0.12	-0.16	-0.21	-0.45
EPS Diluted	1.71	0.56	1.44	1.18	0.85	1.06	0.91	4.01	1.17	0.95	0.91	0.63	0.54	0.53	0.39	0.27	0.25	0.11	0.03	0.10	0.12	0.17	0.10	0.06	0.13	0.11	-0.16	-0.21	-0.45
Weighted Avg Shares Out	271.55M	270.30M	271.27M	272.53M	270.85M	268.78M	266.09M	253.88M	242.93M	244.18M	239.35M	234.42M	231.56M	228.31M	225.12M	208.12M	203.12M	197.57M	194.66M	199.67M	174.97M	156.20M	159.83M	160.26M	178.79M	167.31M	142.61M	134.15M	96.27M
Weighted Avg Shares Out (Dil)	272.59M	270.45M	271.91M	273.48M	271.82M	269.91M	267.49M	255.81M	244.08M	245.91M	241.15M	236.25M	234.94M	233.04M	229.54M	213.08M	210.42M	203.63M	199.80M	208.37M	189.09M	165.57M	169.91M	171.73M	195.37M	189.83M	142.61M	134.15M	96.27M

Open Text Corporation (OTEX) Q2 2024 Earnings Call Transcript

February 1, 2024seekingalpha.com

Open Text Corporation (OTEX) Q2 2024 Earnings Call Transcript

OpenText Aviator Reimagines Work with AI

January 23, 2024prnewswire.com

Innovations demonstrate the company's commitment to advancing its opentext.ai vision through Cloud Editions 24.1 release WATERLOO, ON , Jan. 23, 2024 /PRNewswire/ -- Today, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, announced the release of its Cloud Editions 24.1,...

OpenText Positioned as a Leader in IDC MarketScape for Multi-Enterprise Supply Chain Commerce Networks

January 17, 2024prnewswire.com

Company named a Leader for the third time WATERLOO, ON , Jan. 17, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced it has been named a Leader in the IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce...

New Survey Reveals Growing Adoption for AI in Legal Teams

January 16, 2024prnewswire.com

OpenText, in partnership with the Corporate Counsel Business Journal, reveals that 91% of general counsel cite technology as a key driver for success with AI poised to transform the legal industry WATERLOO, ON , Jan. 16, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:...

OpenText to Report Second Quarter Fiscal Year 2024 Financial Results on Thursday, February 1, 2024

January 10, 2024prnewswire.com

WATERLOO, Ontario , Jan. 10, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its second quarter fiscal year 2024 will be released on Thursday, February 1, 2024, at approximately 4:00 p.m. ET. Teleconference...

OpenText appoints Denise Miura as SVP & President of OpenText Japan

January 8, 2024prnewswire.com

WATERLOO, ON , Jan. 8, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the strategic appointment of Denise Miura as SVP & President of OpenText Japan for the Canadian-based information management and AI company. Ms. Miura will lead a charter...

Open Text Is The Ideal Play For The AI And Tech Supercycle

December 21, 2023seekingalpha.com

Open Text recorded a Q1'24 revenue of $1.41bn, a 75% YoY increase. Open Text leverages its existing client base for integration as it expands its range of offerings in AI. Open Text's financials show superior growth capabilities and justify greater...

OpenText Appoints Goldy Hyder to Board of Directors

December 6, 2023prnewswire.com

WATERLOO, ON, Dec. 6, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced the appointment of Goldy Hyder to its board of directors. Mr. Hyder is President and Chief Executive Officer of the Business Council of Canada, a non-profit, non-partisan organization composed...

Open Text Corporation (OTEX) Presents at Nasdaq 49th Investor Conference (Transcript)

December 5, 2023seekingalpha.com

Open Text Corporation (NASDAQ:OTEX ) Nasdaq 49th Investor Conference December 5, 2023 8:00 AM ET Company Participants Madhu Ranganathan - Chief Financial Officer Unidentified Company Representative All right, well, good afternoon. Hope everyone enjoyed lunch and the panel presentation.