XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenues (Note 3):        
Total revenues $ 1,447,131 $ 1,244,674 $ 4,407,428 $ 2,994,150
Cost of revenues:        
Amortization of acquired technology-based intangible assets (Note 8) 48,094 62,639 195,702 146,139
Total cost of revenues 391,357 369,730 1,204,116 889,771
Gross profit 1,055,774 874,944 3,203,312 2,104,379
Operating expenses:        
Research and development 234,022 210,731 688,679 430,629
Sales and marketing 296,249 271,013 848,313 615,354
General and administrative 145,924 127,047 450,399 282,724
Depreciation 32,109 30,577 99,615 76,609
Amortization of acquired customer-based intangible assets (Note 8) 100,841 97,237 334,958 205,121
Special charges (recoveries) (Note 18) 19,561 74,350 87,521 98,937
Total operating expenses 828,706 810,955 2,509,485 1,709,374
Income from operations 227,068 63,989 693,827 395,005
Other income (expense), net (Note 22) 9,950 85,706 (38,664) 59,824
Interest and other related expense, net (132,663) (104,502) (413,719) (183,599)
Income before income taxes 104,355 45,193 241,444 271,230
Provision for (recovery of) income taxes (Note 15) 6,028 (12,420) 24,434 71,979
Net income for the period 98,327 57,613 217,010 199,251
Net (income) attributable to non-controlling interests (42) (57) (149) (138)
Net income attributable to OpenText $ 98,285 $ 57,556 $ 216,861 $ 199,113
Earnings per share—basic attributable to OpenText (Note 23) (in dollars per share) $ 0.36 $ 0.21 $ 0.80 $ 0.74
Earnings per share—diluted attributable to OpenText (Note 23) (in dollars per share) $ 0.36 $ 0.21 $ 0.80 $ 0.74
Weighted average number of Common Shares outstanding—basic (in '000's) (in shares) 272,272 270,441 271,671 270,143
Weighted average number of Common Shares outstanding—diluted (in '000's) (in shares) 273,033 270,650 272,349 270,173
Cloud services and subscriptions        
Revenues (Note 3):        
Total revenues $ 454,528 $ 435,449 $ 1,355,633 $ 1,248,774
Cost of revenues:        
Costs of revenues 186,400 157,658 537,960 423,771
Customer support        
Revenues (Note 3):        
Total revenues 691,441 575,884 2,084,916 1,209,743
Cost of revenues:        
Costs of revenues 74,639 67,067 223,027 123,010
License        
Revenues (Note 3):        
Total revenues 200,363 139,722 662,627 310,230
Cost of revenues:        
Costs of revenues 6,769 3,840 16,591 10,461
Professional service and other        
Revenues (Note 3):        
Total revenues 100,799 93,619 304,252 225,403
Cost of revenues:        
Costs of revenues $ 75,455 $ 78,526 $ 230,836 $ 186,390