Open Text Corp Files Q1 Fiscal 2025 10-Q
Ticker: OTEX · Form: 10-Q · Filed: Oct 31, 2024 · CIK: 1002638
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
**Open Text Corp Q1 FY25 10-Q filed. Financials and operations detailed.**
AI Summary
Open Text Corp filed its 10-Q for the period ending September 30, 2024. The filing covers the first quarter of their fiscal year 2025. Key financial details and operational updates are provided within this report.
Why It Matters
This 10-Q filing provides investors and analysts with the latest financial performance and operational details for Open Text Corp, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard for public companies, but the specific financial details and any disclosed risks within this report could impact the company's stock.
Key Players & Entities
- Open Text Corp (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2025 Q1 (period) — Fiscal quarter reported
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
What fiscal year does this 10-Q filing pertain to?
This 10-Q filing pertains to the first quarter (Q1) of Open Text Corp's fiscal year 2025.
What is the filing date of this 10-Q?
This 10-Q was filed on October 31, 2024.
What is the company's primary business address?
The company's business address is 275 Frank Tompa Drive, Waterloo, Ontario, Canada, N2L 0A1.
What is the Standard Industrial Classification (SIC) code for Open Text Corp?
The SIC code for Open Text Corp is 7373, which corresponds to SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN.
Filing Stats: 4,567 words · 18 min read · ~15 pages · Grade level 18.1 · Accepted 2024-10-31 08:31:54
Filing Documents
- otex-20240930.htm (10-Q) — 1800KB
- q1-2510xqexhibit311.htm (EX-31.1) — 9KB
- q1-2510xqexhibit312.htm (EX-31.2) — 9KB
- q1-2510xqexhibit321.htm (EX-32.1) — 5KB
- q1-2510xqexhibit322.htm (EX-32.2) — 5KB
- 0001002638-24-000075.txt ( ) — 10755KB
- otex-20240930.xsd (EX-101.SCH) — 77KB
- otex-20240930_cal.xml (EX-101.CAL) — 145KB
- otex-20240930_def.xml (EX-101.DEF) — 388KB
- otex-20240930_lab.xml (EX-101.LAB) — 958KB
- otex-20240930_pre.xml (EX-101.PRE) — 711KB
- otex-20240930_htm.xml (XML) — 1504KB
- Financial Information
Part I - Financial Information
Financial Statements
Item 1. Financial Statements Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Income 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Shareholders' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 9
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 35
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 59
Controls and Procedures
Item 4. Controls and Procedures 60
- Other Information
Part II - Other Information
Risk Factors
Item 1A. Risk Factors 61 Item 5. Other Information 61
Exhibits
Item 6. Exhibits 62
Signatures
Signatures 63 2 Table of Contents
- Financial Information
Part I - Financial Information
Financial Statements
Item 1. Financial Statements OPEN TEXT CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands of U.S. dollars, except share data) September 30, 2024 June 30, 2024 ASSETS (Unaudited) Cash and cash equivalents $ 1,000,219 $ 1,280,662 Accounts receivable trade, net of allowance for credit losses of $ 14,509 as of September 30, 2024 and $ 12,108 as of June 30, 2024 592,614 626,189 Contract assets (Note 3) 70,203 66,450 Income taxes recoverable (Note 13) 96,633 61,113 Prepaid expenses and other current assets (Note 7) 220,425 242,911 Total current assets 1,980,094 2,277,325 Property and equipment, net of accumulated depreciation of $ 768,438 as of September 30, 2024 and $ 751,174 as of June 30, 2024 365,451 367,740 Operating lease right of use assets (Note 4) 219,514 219,774 Long-term contract assets (Note 3) 42,314 38,684 Goodwill (Note 5) 7,502,649 7,488,367 Acquired intangible assets (Note 6) 2,357,997 2,486,264 Deferred tax assets (Note 13) 954,813 932,657 Other assets (Note 7) 302,387 298,281 Long-term income taxes recoverable (Note 13) 54,072 96,615 Total assets $ 13,779,291 $ 14,205,707 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities (Note 8) $ 862,973 $ 931,116 Current portion of long-term debt (Note 9) 35,850 35,850 Operating lease liabilities (Note 4) 75,312 76,446 Deferred revenues (Note 3) 1,450,456 1,521,416 Income taxes payable (Note 13) 74,948 235,666 Total current liabilities 2,499,539 2,800,494 Long-term liabilities: Accrued liabilities (Note 8) 45,197 46,483 Pension liability, net (Note 10) 133,666 127,255 Long-term debt (Note 9) 6,353,277 6,356,943 Long-term operating lease liabilities (Note 4) 213,400 218,174 Long-term deferred revenues (Note 3) 162,397 162,401 Long-term income taxes payable (Note 13) 99,286 145,644 Deferred tax liabilities (Note 13) 135,642 148,632 Total long-term liabilities 7,142,865 7,205,532 Shareholder