Open Text Corporation (Nasdaq:OTEX; TSX:OTC) leverancier van Enterprise Content Management (ECM) systemen en Livelink, meldt recordresultaten over het vierde kwartaal en het fiscale jaar 2003 dat sloot op 30 juni 2003.
De omzet en netto inkomsten van het laatste kwartaal zijn de hoogste in de geschiedenis van Open Text. Dit is tevens het 17e achtereenvolgde kwartaal met positieve cash flow uit operaties.
De omzet steeg in het vierde kwartaal met 28% ten opzichte van vorig jaar tot $53,1 miljoen, waarvan licentieomzet 24,1% uitmaakt. De omzet over het hele jaar steeg met 15% ten opzichte van een jaar eerder en komt op $177,7 miljoen. Netto inkomsten over het fiscale jaar 2003 volgens US GAAP zijn 72% gestegen ten opzichte van een jaar eerder tot $27,8 miljoen of $1,34 EPS. De cash flow uit operaties in het laatste kwartaal was $8,1 miljoen en over het hele jaar $40,0 miljoen.
Zie het volledige Canadese bericht hieronder. Voor meer informatie, toelichting en de balans zie: http://www.opentext.com
Perscontact Nederland:
Tjerk Suurenbroek
Open Text Benelux
tel: 023-750 44 31
mailto:tsuurenb@opentext.com
Leoni Janssen
Edelman
tel: 023-554 20 30
mailto:leoni.janssen@edelman.com
Http://www.edelman.com/nl
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Press release
OPEN TEXT REPORTS HIGHEST REVENUE AND PROFIT IN COMPANY HISTORY
Revenue Grows 28%, Adjusted EPS of $0.47, Company Raises Guidance
WATERLOO, ONTARIO, Aug 14, 2003 (CCNMatthews via COMTEX) -- Open Text(TM) Corporation (Nasdaq: OTEX; TSX: OTC), an enterprise content management (ECM) vendor and provider of Livelink(R), the leading collaboration and knowledge management software for the global enterprise, today announced financial results for its fourth quarter and fiscal year ended June 30, 2003.(1)
Financial Highlights
Revenue and adjusted net income both represent the highest quarterly and annual results ever reported in the Company's history. Total revenue for the quarter was $53.1 million, up 28% from the same quarter in the previous year, driven by strong license revenue of $24.1 million, up 21%. Total revenue for the year of $177.7 million also represents a record for the Company, an increase of 15% over fiscal 2002.
Net income for the fourth quarter in accordance with US GAAP was a record
$9.4 million, or $0.45 EPS (diluted earnings per share) up 32% from the fourth quarter a year ago. Open Text reported fourth quarter adjusted net
income(2) of $9.8 million and adjusted EPS of $0.47, up 34% from the same quarter a year ago. This marks the 18th consecutive quarter of US GAAP profit.
Net income for the fiscal year in accordance with US GAAP was $27.8 million, or $1.34 (diluted) EPS up 72% from fiscal 2002. Open Text reported adjusted net income for the year of $28.2 million and adjusted EPS of $1.36, up 33% from fiscal 2002.
The Company generated operational cash flow of $8.1 million for the quarter, totaling $40.0 million for fiscal 2003. This marks the 17th consecutive quarter of positive operating cash flow.
"We are pleased with our overall performance for the quarter and year end.
Driven by strength in government, pharmaceutical and financial services industries, the increased demand for Open Text's products has resulted in the best quarterly results ever reported in the Company's history," said Tom Jenkins, CEO of Open Text. "Our product Livelink is the leader in collaboration and knowledge management, delivering compliance management solutions which provide a rapid return on investment. These solutions satisfy high profile needs in the global marketplace and provides Open Text with a solid and sustainable business model. In the June quarter we had the highest revenue growth and the highest profitability of all the major participants in our ECM sector. Our profitability was more than double that of all our major competitors in the ECM sector combined."
At fiscal year end, deferred revenue was $39.8 million, up $15.9 million or 66% over a year ago. Livelink maintenance renewal rates continue to be consistently strong with over 90% retention for the fourth quarter and full year. Accounts receivable as of June 30, 2003 was $35.9 million, resulting in days sales outstanding (DSO) of 61 days, down 11 days from a year ago. As of June 30, 2003, cash was $116.6 million or $5.96 per share. The Company has no debt or convertible debt.
New Accounts Continue to Drive License Revenue During the fourth quarter, 74% of all license revenue was generated from new accounts. There were five transactions over one million dollars in the quarter. Open Text's global customers also drove the financial results by continued enterprise-wide adoptions. Customers buying in the fourth quarter included: United States Air Force, United States Army, Quintiles, Deutsche Telekom and Wells Fargo. Revenue results for the quarter were broadly based, with 56% of the Company's revenue originated from North America, 40% from Europe and 4% from the Middle East and Asia.