XML 64 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1
EARNINGS PER SHARE
12 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share are computed by dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share are computed by dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings per share if their effect is anti-dilutive.
 Year Ended June 30,
 202420232022
Basic earnings per share
Net income attributable to OpenText$465,090 $150,379 $397,090 
Basic earnings per share attributable to OpenText$1.71 $0.56 $1.46 
Diluted earnings per share
Net income attributable to OpenText$465,090 $150,379 $397,090 
Diluted earnings per share attributable to OpenText$1.71 $0.56 $1.46 
Weighted-average number of shares outstanding
(in ‘000’s)
Basic271,548 270,299 271,271 
Effect of dilutive securities1,040 152 638 
Diluted272,588 270,451 271,909 
Excluded as anti-dilutive (1)
8,401 8,909 4,927 
______________________
(1)Represents options to purchase Common Shares excluded from the calculation of diluted earnings per share because the exercise price of the stock options was greater than or equal to the average price of the Common Shares during the period.