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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Revenues:        
License $ 87,227 $ 64,397 $ 245,647 $ 197,584
Cloud services and subscriptions 177,109 147,505 521,857 444,394
Customer support 263,436 183,636 693,298 553,440
Professional service and other 65,358 45,005 166,701 145,007
Total revenues 593,130 440,543 1,627,503 1,340,425
Cost of revenues:        
License 4,008 2,480 10,244 7,190
Cloud services and subscriptions 77,225 61,298 220,667 179,132
Customer support 34,442 22,427 87,529 64,624
Professional service and other 55,529 37,599 137,167 114,038
Amortization of acquired technology-based intangible assets (note 6) 39,285 17,630 87,268 56,244
Total cost of revenues 210,489 141,434 542,875 421,228
Gross profit 382,641 299,109 1,084,628 919,197
Operating expenses:        
Research and development 77,086 48,160 200,379 140,310
Sales and marketing 117,498 84,600 315,297 248,420
General and administrative 44,828 37,731 122,939 107,067
Depreciation 16,557 13,754 47,128 39,998
Amortization of acquired customer-based intangible assets (note 6) 40,825 27,966 108,248 83,564
Special charges (recoveries) (note 17) 20,586 (1,671) 44,157 24,754
Total operating expenses 317,380 210,540 838,148 644,113
Income from operations 65,261 88,569 246,480 275,084
Other income (expense), net 1,424 2,120 4,565 (1,832)
Interest and other related expense, net (31,734) (16,228) (86,752) (54,461)
Income before income taxes 34,951 74,461 164,293 218,791
Provision for (recovery of) income taxes (note 14) 13,239 5,353 (815,364) 20,629
Net income for the period 21,712 69,108 979,657 198,162
Net (income) loss attributable to non-controlling interests (96) 7 (135) (75)
Net income attributable to OpenText $ 21,616 $ 69,115 $ 979,522 $ 198,087
Earnings per share—basic attributable to OpenText (in dollars per share) $ 0.08 $ 0.29 $ 3.91 $ 0.82
Earnings per share—diluted attributable to OpenText (in dollars per share) $ 0.08 $ 0.28 $ 3.88 $ 0.81
Weighted average number of Common Shares outstanding—basic (in shares) 263,329 242,318 250,538 243,028
Weighted average number of Common Shares outstanding—diluted (in shares) 265,440 243,412 252,469 244,088
Dividends declared per Common Share (in dollars per share) $ 0.115 $ 0.1 $ 0.345 $ 0.3