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ACQUISITIONS (Tables)
 9 Months Ended
Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The recognized amounts of identifiable assets acquired and liabilities assumed, based on their fair values as of January 31, 2023, are set forth below:
Current assets (inclusive of cash acquired of $542.2 million)
$1,231,719 
Non-current tangible assets440,771 
Intangible customer assets2,117,600 
Intangible technology assets1,380,600 
Liabilities assumed(2,430,783)
Total identifiable net assets2,739,907 
Goodwill3,507,075 
Net assets acquired$6,246,982 
The recognized amounts of identifiable assets acquired and liabilities assumed, based on their fair values as of December 23, 2021, are set forth below:
Current assets (inclusive of cash acquired of $38.3 million)
$71,527 
Non-current tangible assets13,450 
Intangible customer assets212,400 
Intangible technology assets92,650 
Liabilities assumed(81,476)
Total identifiable net assets308,551 
Goodwill585,910 
Net assets acquired$894,461 
Schedule of Micro Focus’ Revenues and Net Loss
The amount of Micro Focus’ revenues and net loss included in our Condensed Consolidated Statements of Income for the three and nine months ended March 31, 2023 is set forth below:
February 1, 2023 – March 31, 2023
Revenues$374,414 
Net Loss (1)
$(29,795)
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(1)Net loss for the three and nine months ended includes one-time fees of approximately $39.9 million, respectively, on account of special charges and $43.6 million, respectively, of amortization charges relating to intangible assets.
Schedule of Unaudited Pro Forma Information
The unaudited pro forma revenues and net income of the combined entity for the three and nine months ended March 31, 2023 and 2022, respectively, had the Micro Focus Acquisition been consummated on July 1, 2021, are set forth below:
Three Months Ended March 31,Nine Months Ended March 31,
Supplemental Unaudited Pro Forma Information2023202220232022
Revenues$1,456,893 $1,480,505 $4,442,276 $4,729,591 
Net income (loss) (1)
(853)(44,366)(450,690)105,286 
Net income (loss) attributable to OpenText (1)
(910)(44,407)(450,828)105,156 
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(1)Included in the pro forma net loss for the nine months ended March 31, 2023, is a $448.2 million goodwill impairment recorded by Micro Focus in its pre-acquisition historical results as a result of the Company’s offer to acquire Micro Focus at a price of 532 pence per share.