"I am really pleased with our adjusted operating margin performance this quarter. The results reflect the execution of the restructuring actions announced in May and our ongoing focus on cost containment. It is a positive start and provides a solid base to deliver on our annual operating plan," said OpenText CFO John Doolittle.
*CC: Constant currency for this purpose is defined as the current period reported revenues/expenses/earnings represented at the prior comparative period's foreign exchange rate.
Quarterly Business Highlights
- 11 customer transactions over $1 million, 6 cloud contract signings in the OpenText Cloud and 5 on-premises
- Financial, technology and services industries saw the most demand
- Cloud customer successes in the quarter include Bestop Inc, Molson Coors Brewing Company and PayFlex
- On-premises customer successes in the quarter include R-pharm, CTAC, Tata Steel Nederland B.V., United States Department Of State, Thomson Reuters Corporation, EDM Group and Solenis
- OpenText signs definitive agreement to acquire Daegis Inc.
- OpenText Enterprise World 2015 enables the next generation of digital companies; Mark J. Barrenechea and Mike Myers to keynote
- OpenText announces new global partner program to enable the digital world
- OpenText digital asset management integrates with SAP® hybris® solutions to deliver the future of customer experience and engagement
- OpenText delivers Big Data Analytics in the OpenText Cloud
- New report names OpenText as a leader in ECM business content services
- OpenText named a leader in Gartner's Magic Quadrant for Web Content Management
Dividend Program Highlights
Cash Dividend
As part of our quarterly, non cumulative cash dividend program the Board declared on October 28, 2015 a cash dividend of $0.20 per Common Share. The record date for this dividend is November 27, 2015 and the payment date is December 18, 2015. Future declarations of dividends and the establishment of future record and payment dates are subject to the final determination and discretion of our Board of Directors.
Investor and Analyst Day at Enterprise World 2015
Institutional investors and financial analysts are invited to join us for our Investor and Analyst Day on Wednesday, November 11, 2015 at the MGM Grand Hotel in Las Vegas, Nevada. The event takes place in conjunction with our 17th annual user conference Enterprise World. To register, please contact Sonya Mehan, Senior Manager, Investor Relations at Email Contact.
|
Summary of Quarterly Results |
||||||||||||
|
Q1 FY16 |
Q4 FY15 |
Q1 FY15 |
% Change (Q1 FY16 vs Q4 FY15) |
% Change (Q1 FY16 vs Q1 FY15) |
||||||||
|
Revenue (million) |
$434.5 |
$482.7 |
$453.8 |
(10.0) |
% |
(4.2) |
% |
|||||
|
GAAP-based gross margin |
67.8 |
% |
68.8 |
% |
67.6 |
% |
(100) |
bps |
20 |
bps |
||
|
GAAP-based operating margin |
17.6 |
% |
17.1 |
% |
22.7 |
% |
50 |
bps |
(510) |
bps |
||
|
GAAP-based EPS, diluted |
$0.34 |
$0.56 |
$0.53 |
(39.3) |
% |
(35.8) |
% |
|||||
|
Non-GAAP-based gross margin (2) |
72.6 |
% |
73.6 |
% |
71.8 |
% |
(100) |
bps |
80 |
bps |
||
|
Non-GAAP-based operating margin (2) |
34.1 |
% |
30.8 |
% |
34.3 |
% |
330 |
bps |
(20) |
bps |
||
|
Non-GAAP-based EPS, diluted (2) |
$0.84 |
$0.87 |
$0.97 |
(3.4) |
% |
(13.4) |
% |
|||||
