Gisteravond maakte Open Text, leverancier van Enterprise Content Management (ECM) oplossingen, de resultaten over het tweede kwartaal van boekjaar 2005 bekend. Deze recordresultaten laten zien dat de integratie van de IXOS-producten in Livelink nu zijn vruchten begint af te werpen.
Het volledige, Engelstalige persbericht over de kwartaalresultaten vind je hieronder.
Meer informatie over de resultaten vind je hier.
Met vriendelijke groet,
Marjolein Rigter
Edelman
Tel: 023 554 20 30
mailto:marjolein.rigter@edelman.com
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OPEN TEXT ANNOUNCES RECORD SECOND QUARTER 2005 FINANCIAL RESULTS
WATERLOO, ON-February 8th, 2005 - Open Text(tm) Corporation (Nasdaq:
OTEX; TSX: OTC), a leading provider of Enterprise Content Management
(ECM) software, today announced financial results for its second fiscal quarter ended December 31, 2004.(1)
Total revenue for the second quarter was $114.7 million, up 86% from the same period last year and the highest quarterly revenue ever reported by the Company. License revenue for the quarter was $42.6 million, up 53%
from the same period last year.
Open Text reported adjusted net income for the second quarter of $15.6 million, or earnings per share (EPS) of $0.30 on an adjusted basis, an increase of 50% over $0.20 adjusted EPS from the second quarter of a year ago. Open Text has 52.4 million shares outstanding on a diluted basis. (2)
Net income for the second quarter in accordance with U.S. Generally Accepted Accounting Principles (GAAP) was $11.0 million, or $0.21 EPS on a diluted basis. This compares to GAAP net income of $7.7 million, or
$0.18 EPS in the second quarter a year ago.
"Our second quarter results demonstrate that we are experiencing strong demand for our integrated ECM product suite," stated Tom Jenkins, Open Text's CEO. "We see the ECM market continuing to grow, especially as it relates to compliance solutions and we believe that growing profitably is the best route for our future success."
Total cash flow from operations in the second quarter was $11.7 million.
The total cash on hand at quarter-end was $102.2 million or $1.95 per diluted share.
At quarter end, total deferred revenue was $63.3 million, up $23.5 million or 59% over a year ago. Days Sales Outstanding (DSO) for the quarter was 63 days, an improvement of 7 days from the previous quarter.
Revenue results were broadly based, with 53% derived from Europe, 42% from North America and 5% from the Middle East and Asia.
As of March 1, 2004, Open Text began including the results of IXOS Software AG in its financial statements on a consolidated basis. Open Text owns approximately 91% of IXOS Software AG.
"The strength of the quarter is best illustrated by the success of our combined email management and records management products," said John Shackleton, President of Open Text. "Four of the large transactions in this quarter were a result of this combined product line."
Executive Changes
Effective July 1, 2005, the Board of Directors has ratified the appointment of John Shackleton to the role of Chief Executive Officer of Open Text Corporation. Tom Jenkins will continue in his role as Open Text's Chairman and will remain as a full-time employee and continue to lead the strategic activities of the Company.
"Over the past seven years, John Shackleton's role has expanded to the point where he oversees all operations of the business and Open Text has benefited from his leadership, "said Tom Jenkins. "Management succession planning is a key part of the health of a growing organization, and after ten years as CEO, this change in my role is part of that evolution. I look forward to continuing in my role as Chairman, which will allow me to focus on strategic activities."
Guidance Unchanged
For the third quarter of fiscal 2005 (ending March 31, 2005), the Company estimates revenue of $108 to $112 million with adjusted EPS of
$0.24 to $0.28.
For fiscal year 2005 (which commenced July 1, 2004), Open Text expects revenue of $420 to $450 million with adjusted EPS of $1.10 to $1.30.
Open Text's actual results for future periods may vary from the guidance presented and such variations may be material. Please see note (2) below for a reconciliation of non GAAP based financial measures, used in this press release, to GAAP based financial measures.
Open Text Warrants to Expire on March 11, 2005 Open Text reminds holders of its common share purchase warrants that the expiry time for the warrants is 5 p.m. (Toronto time) on March 11, 2005.
Warrant holders wishing to exercise their warrants must submit the warrant certificate, a subscription for common shares and the applicable funds to the warrant trustee (CIBC Mellon Trust Company) in Toronto, Ontario, Canada prior to the expiry time (please refer to the detailed exercise procedures set out in the Warrant Indenture dated November 28, 2003, a copy of which is available on request from the Secretary of the Company by emailing secretary@opentext.com or in the Company's filings on www.sedar.com). Warrants that are not exercised prior to the expiry time will be void and of no effect and the holder's right to acquire common shares thereunder shall cease and terminate.
The warrants were issued by Open Text in connection with its acquisition of IXOS Software AG. Approximately 2.4 million warrants are outstanding as of February 7, 2005. Each whole warrant is exercisable to purchase one Open Text common share at any time prior to the expiry time at a strike price of U.S. $20.75 per share.
About Open Text
Open Text(tm) is the market leader in providing Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Throughout its history, Open Text has matched its tradition of innovation with a track record of financial strength and growth. Today, the company supports more than 17 million seats across 13,000 deployments in 67 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties, including the risk that the Company will need to make adjustments to its financial results as part of the Company's quarterly and annual closing financial procedures and review by the Company's auditors, that could cause the Company's actual results to differ materially from those anticipated. The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements relate to, among other things, the future performance of Open Text, the benefits and integration of any acquisition, the success of combined products following an acquisition, the strength of the Company's pipeline, the Company's growth and profitability prospects, the potential for growth in the ECM market and its estimated size, the Company's position in the market and future opportunities therein, the benefits of the Company's products to be realized by customers, and the demand for and the extent of deployment of the Company's products. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. The risks and uncertainties that may affect forward-looking statements include, among others, risks involved in the completion and integration of acquisitions, the possibility of fluctuations in currency exchange rates, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K for the year ended June 30, 2004 and the Quarterly Report on Form 10-Q for the quarter ended September 30, 2004. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
Copyright (c) 2005 by Open Text Corporation. LIVELINK, LIVELINK MEETINGZONE, and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
Notes
(1)Based on comparison of future annual revenue guidance publicly disseminated by companies in the Enterprise Content Management ("ECM") sector. All dollar amounts in this press release are in US Dollars unless otherwise indicated.
(2)Use of Non-GAAP financial