Opentext reports q3 f'24 financial results

Record q3 total revenues and enterprise cloud bookings announces $250 million share repurchase program fiscal 2024 third quarter highlights total revenues (in millions) annual recurring revenues (in millions) cloud revenues (in millions) reported constant currency reported constant currency reported constant currency $1,447 $1,444 $1,146 $1,143 $455 $454 +16.3 % +16.0 % +13.3 % +13.1 % +4.4 % +4.4 % annual recurring revenues represent 79% of total revenues total revenues of $1.447 billion, up 16.3% y/y or up 16.0% in constant currency (cc) annual recurring revenues (arr) of $1.146 billion, up 13.3% y/y or up 13.1% in cc cloud revenues of $455 million, up 4.4% y/y and up 4.4% in cc quarterly enterprise cloud bookings(1) of $165 million, up 52.6% y/y operating cash flows of $385 million, up 14.2% y/y free cash flows(2) of $348 million, up 13.9% y/y gaap-based net income of $98 million adjusted ebitda(2) of $464 million, up 27.0% y/y, margin of 32.0% gaap-based diluted earnings per share (eps) of $0.36, non-gaap diluted eps(2) of $0.94 completed previously announced sale of amc business to rocket software for $2.275 billion in cash before taxes, fees and other adjustments waterloo, on , may 2, 2024 /prnewswire/ -- open text corporation (nasdaq: otex), (tsx: otex), today announced its financial results for the third quarter ended march 31, 2024. "opentext delivered strong financial performance in q3 with revenues of $1.45 billion, or 16% year-over-year growth, reflecting customer demand for information management and new ai capabilities," said mark j.
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