Open Text Corp. has announced its financial results for the fourth quarter and year ended June 30.
“Our strong fourth quarter and year-end results reflect customers’ accelerating journey to the OpenText Cloud,” said Mark J. Barrenechea, OpenText CEO and chief technology officer.
“In fiscal 2022, OpenText delivered a record US$3.5 billion of total revenues, led by record cloud revenues and cloud bookings. Fiscal 2022 annual recurring revenues reached record US$2.9 billion, representing 82 per cent of total revenues.”
According to Madhu Ranganathan, company executive vice president and chief financial officer, the adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled US$1.3 billion.
Fourth quarter earnings were US$902.5 million, a slight increase from the US$893.5 million recorded last year during the same time period.
