Short answer

Open Text Corp (OTEX) filed its fiscal 2018 10-K annual report with the SEC on Aug 2, 2018. It reported revenue of $2.8B (+22.9% year over year) and net income of $242M.

Top risk flagged: IRS tax examinations: estimated aggregate liability approximately $725 million, including penalties and interest

FY2018 key financial metrics · XBRL

Revenue: $2.8B; +22.9% YoY
Net income: $242M; −76.4% YoY
Operating margin: 18.0%; +2.5 pp YoY
Gross margin: 66.2%; −0.5 pp YoY
EPS (diluted): $0.91; −77.3% YoY
ROE: 6.5%; −22.5 pp YoY
Operating cash flow: $710M; +61.6% YoY

Source: XBRL data from the Open Text Corp (OTEX) FY2018 10-K on SEC EDGAR. USD.

Open Text Corp FY2018 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

Enterprise Information Management platform, monetized through licenses, cloud subscriptions, customer support, and professional services
Fiscal 2018 acquisitions added Covisint’s cloud IoT, Guidance’s forensic security, and Hightail’s file-sharing capabilities
Competitive positioning broadened toward AI-enabled intelligent enterprises, hybrid cloud delivery, and integrated digital transformation
R&D reached $323.5 million, up from $281.7 million in Fiscal 2017
Acquisitions totaled approximately $363.8 million in Fiscal 2018, reinforcing OpenText’s consolidation-led growth strategy

Management Discussion & Analysis

Revenue $2,815.2M, up 22.9% YoY, with customer support highest at $1,232.5M
GAAP operating margin 18.0% vs 15.4%, non-GAAP margin 33.1% vs 31.8%
Cloud services margin 56.1% vs 57.4%, customer support margin 89.1% vs 87.5%
Operating cash flow $709.9M, dividends $145.6M, acquisitions $363.8M, debt repayments $373.6M
Fiscal 2019 focus: earnings and cash-flow growth, strategic acquisitions, R&D investment of approximately $323M
Key risk: potential IRS liability approximately $725M, including taxes, penalties and interest

Risk Factors

IRS tax examinations: estimated aggregate liability approximately $725 million, including penalties and interest
Brexit exposure: United Kingdom and EU operations facing exchange-rate volatility and possible regulatory disruption
Cybersecurity vulnerability: attacks on cloud systems could cause unauthorized access, data loss or service denial
Cloud transition risk: subscription and managed-service adoption could reduce short-term revenue and operating cash flow
Leverage burden: $1 billion Term Loan B plus $800 million 5.625% notes and $850 million 5.875% notes outstanding

Generated from the filing text; verify against the original. How to read a 10-K

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