Open Text market cap is C$16 b, and annual revenue was $3.11 b in FY 2020

Open Text Gross profit (Q1, 2021)555.1 M

Open Text Gross profit margin (Q1, 2021), %69%

Open Text Net income (Q1, 2021)103.4 M

Open Text EBIT (Q1, 2021)182.4 M

Open Text Cash, 30-Sept-20201.8 B

Open Text EV18.6 B

Open Text revenue was $3.11 b in FY, 2020 which is a 8.4% year over year increase from the previous period.

Open Text revenue breakdown by business segment: 41.0% from Customer Support, 8.8% from Professional Service and Other, 37.2% from Cloud Services and Subscriptions and 13.0% from License

Open Text revenue breakdown by geographic segment: 6.3% from Germany, 6.0% from United Kingdom, 55.3% from United States, 9.6% from All other countries, 18.0% from Rest of Europe and 4.8% from Other

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 2.8b | 2.9b | 3.1b |

| 23% | 2% | 8% |

## Cost of goods sold | 951.4m | 930.7m | 1.0b |

## Gross profit | 1.9b | 1.9b | 2.1b |

| 66% | 68% | 68% |

## Sales and marketing expense | 529.4m | 518.0m | 585.0m |

## R&D expense | 323.5m | 321.8m | 370.4m |

## General and administrative expense | 205.3m | 207.9m | 237.5m |

## Operating expense total | 1.4b | 1.4b | 1.6b |

## Depreciation and amortization | 271.1m | 287.5m | 295.2m |

## EBIT | 505.4m | 567.0m | 503.5m |

| 18% | 20% | 16% |

## Interest expense | 137.3m | 136.6m | 146.4m |

## Pre tax profit | 386.1m | 440.6m | 345.2m |

## Income tax expense | 143.8m | 154.9m | 110.8m |

## Net Income | 242.3m | 285.6m | 234.4m |

## EPS | 0.9 | 1.1 | 0.9 |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Revenue | 667.2m | 735.2m | 719.1m | 696.9m | 771.6m | 814.7m | 804.0m |

## Cost of goods sold | 226.3m | 228.0m | 239.6m | 228.5m | 232.4m | 282.2m | 248.9m |

## Gross profit | 440.8m | 507.2m | 479.5m | 468.4m | 539.2m | 532.5m | 555.1m |

| 66% | 69% | 67% | 67% | 70% | 65% | 69% |

## Sales and marketing expense | 120.2m | 126.2m | 132.2m | 128.6m | 137.3m | 166.2m | 132.4m |

## R&D expense | 77.5m | 75.8m | 84.9m | 81.2m | 80.3m | 108.2m | 93.9m |

## General and administrative expense | 50.9m | 52.2m | 51.8m | 51.5m | 54.6m | 68.8m | 56.2m |

## Operating expense total | 341.6m | 333.3m | 343.6m | 335.9m | 354.4m | 437.4m | 372.7m |

## Depreciation and amortization | 69.7m | 69.8m | 73.9m | 69.4m | 72.2m | 88.2m | 77.0m |

## EBIT | 99.2m | 173.9m | 135.9m | 132.5m | 184.7m | 95.1m | 182.4m |

| 15% | 24% | 19% | 19% | 24% | 12% | 23% |

## Interest expense | 34.5m | 33.6m | 35.6m | 32.2m | 32.4m | 41.3m | 39.1m |

## Pre tax profit | 66.2m | 140.7m | 105.3m | 97.5m | 154.3m | 34.9m | 146.2m |

## Income tax expense | 29.9m | 36.2m | 32.5m | 23.1m | 46.8m | 8.9m | 42.7m |

## Net Income | 36.3m | 104.5m | 72.8m | 74.4m | 107.5m | 26.0m | 103.4m |

## EPS | 0.1 | 0.4 | 0.3 | 0.3 | 0.4 | 0.1 | 0.4 |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 682.9m | 941.0m | 1.7b |

## Accounts Receivable | 488.0m | 463.8m | 466.4m |

## Prepaid Expenses | 101.1m | 97.2m | 136.4m |

## Current Assets | 1.3b | 1.6b | 2.4b |

## PP&E | 264.2m | 249.5m | 244.6m |

## Goodwill | 3.6b | 3.8b | 4.7b |

## Total Assets | 7.8b | 7.9b | 10.2b |

## Accounts Payable | 41.7m | 46.3m | 41.5m |

## Short-term debt | 10.0m | 10.0m | 674.1m |

## Current Liabilities | 994.6m | 1.0b | 1.9b |

## Long-term debt | 2.6b | 2.6b | 3.8b |

## Non-Current Liabilities | 3.1b | 3.0b | 4.3b |

## Total Debt | 2.6b | 2.6b | 4.5b |

## Total Liabilities | 4.0b | 4.0b | 6.2b |

## Common Stock | 1.7b | 1.8b | 1.9b |

## Retained Earnings | 2.0b | 2.1b | 2.2b |

## Total Equity | 3.7b | 3.9b | 4.0b |

## Debt to Equity Ratio | 0.7 x | 0.7 x | 1.1 x |

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.4 x |

## Financial Leverage | 2.1 x | 2 x | 2.6 x |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Cash | 787.9m | 595.1m | 765.2m | 999.3m | 675.4m | 1.5b | 1.8b |

## Accounts Receivable | 416.3m | 482.3m | 478.3m | 411.0m | 526.0m | 459.3m | 396.9m |

## Prepaid Expenses | 80.6m | 82.2m | 96.0m | 91.8m | 105.0m | 112.1m | 140.5m |

## Current Assets | 1.3b | 1.2b | 1.4b | 1.5b | 1.4b | 2.1b | 2.4b |

## PP&E | 246.5m | 246.7m | 242.0m | 248.6m | 273.4m | 258.9m | 235.5m |

## Goodwill | 3.6b | 3.7b | 3.8b | 3.8b | 4.7b | 4.7b | 4.7b |

## Total Assets | 7.6b | 7.7b | 7.9b | 8.0b | 9.5b | 10.2b | 10.2b |

## Accounts Payable | 21.2m | 25.9m | 34.1m | 36.2m | 45.3m | 50.1m | 31.3m |

## Short-term debt | 10.0m | 10.0m | 10.0m | 10.0m | 913.6m | 678.9m | 670.4m |

## Current Liabilities | 875.3m | 911.5m | 1.0b | 951.9m | 2.2b | 1.9b | 1.8b |

## Long-term debt | 2.6b | 2.6b | 2.6b | 2.8b | 2.8b | 3.8b | 3.8b |

## Non-Current Liabilities | 3.0b | 3.0b | 3.0b | 3.2b | 3.3b | 4.3b | 4.3b |

## Total Debt | 2.6b | 2.6b | 2.6b | 2.8b | 3.7b | 4.5b | 4.5b |

## Total Liabilities | 3.9b | 394.3m | 4.0b | 4.1b | 5.5b | 6.2b | 6.1b |

## Common Stock | 1.7b | 1.7b | 1.8b | 1.8b | 1.8b | 1.8b | 1.9b |

## Retained Earnings | 2.0b | 2.1b | 2.1b | 2.1b | 2.2b | 2.2b | 2.2b |

## Total Equity | 3.7b | 3.8b | 3.8b | 3.9b | 4.0b | 4.0b | 4.1b |

## Debt to Equity Ratio | 0.7 x | 0.7 x | 0.7 x | 0.7 x | 0.9 x | 1.1 x | 1.1 x |

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.4 x | 0.4 x | 0.4 x |

## Financial Leverage | 2 x | 2 x | 2 x | 2.1 x | 2.4 x | 2.5 x | 2.5 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 242.3m | 285.6m | 234.4m |

## Depreciation and Amortization | 456.9m | 474.3m | 514.7m |

## Accounts Receivable | (22.6m) | 75.5m | 84.5m |

## Accounts Payable | (91.6m) | (21.7m) | 30.6m |

## Cash From Operating Activities | 709.9m | 876.3m | 954.5m |

## Purchases of PP&E | (105.3m) | (63.8m) | (72.7m) |

## Cash From Investing Activities | (444.4m) | (464.5m) | (1.5b) |

## Long-term Borrowings | (1.1b) | (10.0m) | (1.7b) |

## Dividends Paid | (145.6m) | (168.9m) | (188.7m) |

## Cash From Financing Activities | (23.7m) | (148.4m) | 1.3b |

## Net Change in Cash | 239.6m | 259.6m | 753.7m |

## Interest Paid | 132.8m | 138.6m | 146.7m |

## Income Taxes Paid | 73.4m | 80.6m | 94.7m |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Net Income | 363.7k | 140.8m | 213.6m | 74.4m | 181.9m | 207.9m | 103.4m |

## Depreciation and Amortization | 117.2m | 235.3m | 353.8m | 109.7m | 224.2m | 372.4m | 135.0m |

## Accounts Receivable | 73.9m | 33.5m | 52.8m | 58.4m | 2.6m | 86.2m | 74.8m |

## Accounts Payable | (40.0m) | (29.7m) | (30.6m) | (63.0m) | (33.2m) | (42.3m) | (51.4m) |

## Cash From Operating Activities | 171.4m | 360.5m | 646.5m | 137.4m | 344.7m | 674.3m | 233.9m |

## Purchases of PP&E | (24.5m) | (33.5m) | (50.4m) | (18.6m) | (38.2m) | (55.0m) | (15.3m) |

## Cash From Investing Activities | (27.8m) | (353.4m) | (442.4m) | (20.6m) | (1.3b) | (1.4b) | (17.5m) |

## Long-term Borrowings | (2.5m) | (5.0m) | (7.5m) | (2.5m) | (5.0m) | (1.7b) | (2.5m) |

## Dividends Paid | (40.5m) | (81.2m) | (121.9m) | (47.0m) | (94.1m) | (141.4m) | (47.3m) |

## Cash From Financing Activities | (37.5m) | (87.3m) | (114.7m) | (50.8m) | 660.6m | 1.3b | (75.8m) |

## Net Change in Cash | 106.6m | (86.1m) | 85.5m | 58.3m | (263.3m) | 514.1m | 151.4m |

## Interest Paid | 32.6m | 68.8m | 102.3m | 33.4m | 68.1m | 111.8m | 43.9m |

## Income Taxes Paid | 8.4m | 39.8m | 66.0m | 10.3m | 33.4m | 75.9m | 27.7m |

USD | FY, 2018 |
---|---|

## EV/EBIT | 22.5 x |

## EV/CFO | 16 x |

## Revenue/Employee | 230.8k |

## Debt/Equity | 0.7 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 2.1 x |

## P/E Ratio | 38.7 |

Open Text's Enterprise Customers was reported to be 10 k in FY, 2018. Open Text's Customers was reported to be 120 k in FY, 2018. Open Text's Users was reported to be 60 m in FY, 2019.

Jun, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cloud Customers | 60 k | 74 k | |||||||||||||

## Countries | 40 | ||||||||||||||

## Customers | 120 k | ||||||||||||||

## Data Centers | 37 | 30 | |||||||||||||

## Data under Management, petabytes | 1 k | ||||||||||||||

## Enterprise Customers | 10 k | 10 k | 10 k | ||||||||||||

## Infrastructure Partners | 1.40 m | 2 m | |||||||||||||

## Partners | 600 k | ||||||||||||||

## Private Cloud Customers | 2 k | ||||||||||||||

## Recurring Revenue | $1.69 b | $489.30 m | $516.20 m | $521.40 m | $2.06 b | $519.63 m | $529.59 m | $549.37 m | $2.16 b | $549.56 m | $563.85 m | $662.33 m | $2.43 b | $670.40 m | |

## Transactions | 18 b | ||||||||||||||

## Users | 100 m | 60 m |

FY, 2020 | FY, 2019 | FY, 2018 | FY, 2017 | FY, 2016 | |
---|---|---|---|---|---|

Female (Board), percent | 13.5 % | 9 % | 10 % | 10 % | 11 % |

Male (Executive Leadership), percent | 46.5 % | 27.7 % | 22.3 % | 30.7 % | 30.7 % |

Male (Board), percent | 36.5 % | 24.3 % | 23.3 % | 23.3 % | 22.3 % |

Other | 3.5 % | 2.7 % | 2.7 % | ||

Female (Senior Leadership), percent | 7 % | 7.7 % | 6.7 % | 6.7 % | |

Male (Senior Leadership), percent | 26.3 % | 25.7 % | 26.7 % | 26.7 % | |

Female (Executive Leadership), percent | 5.7 % | 11 % |

- Source: www.sec.gov, www.sec.gov, www.sec.gov, www.sec.gov, www.sec.gov