XML 16 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Revenues:        
License $ 97,764 $ 81,856 $ 158,420 $ 133,187
Cloud services and subscriptions 175,061 149,099 344,748 296,889
Customer support 219,656 184,137 429,862 369,804
Professional service and other 50,228 50,255 101,343 100,002
Total revenues 542,709 465,347 1,034,373 899,882
Cost of revenues:        
License 2,391 2,029 6,236 4,710
Cloud services and subscriptions 73,150 58,918 143,442 117,834
Customer support 27,349 21,689 53,087 42,197
Professional service and other 40,295 38,375 81,638 76,439
Amortization of acquired technology-based intangible assets (note 6) 24,848 18,731 47,983 38,614
Total cost of revenues 168,033 139,742 332,386 279,794
Gross profit 374,676 325,605 701,987 620,088
Operating expenses:        
Research and development 64,721 45,710 123,293 92,150
Sales and marketing 102,651 85,875 197,799 163,820
General and administrative 39,914 33,767 78,111 69,336
Depreciation 15,301 13,330 30,571 26,244
Amortization of acquired customer-based intangible assets (note 6) 33,815 27,793 67,423 55,598
Special charges (recoveries) (note 17) 11,117 9,088 23,571 26,425
Total operating expenses 267,519 215,563 520,768 433,573
Income from operations 107,157 110,042 181,219 186,515
Other income (expense), net (3,558) 961 3,141 (3,952)
Interest and other related expense, net (27,743) (19,187) (55,018) (38,233)
Income before income taxes 75,856 91,816 129,342 144,330
Provision for (recovery of) income taxes (note 14) 30,822 4,074 (828,603) 15,276
Net income for the period 45,034 87,742 957,945 129,054
Net (income) attributable to non-controlling interests (12) (56) (39) (82)
Net income attributable to OpenText $ 45,022 $ 87,686 $ 957,906 $ 128,972
Earnings per share—basic attributable to OpenText (in dollars per share) $ 0.18 $ 0.36 $ 3.92 $ 0.53
Earnings per share—diluted attributable to OpenText (in dollars per share) $ 0.18 $ 0.36 $ 3.89 $ 0.53
Weighted average number of Common Shares outstanding—basic (in shares) 245,653 242,492 244,282 243,398
Weighted average number of Common Shares outstanding—diluted (in shares) 247,501 243,584 246,123 244,432
Dividends declared per Common Share (in dollars per share) $ 0.115 $ 0.1 $ 0.23 $ 0.2