Short answer
Open Text Corp (OTEX) filed its Q3 2016 10-Q quarterly report on Nov 3, 2016 for the quarter ended Sep 30, 2016.
Open Text Corp Q3 2016 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $491.7M, up 13.1% YoY from $434.5M, led by customer support revenue $210.2M
- GAAP operating margin 15.1% vs 17.6%; gross margin 66.6% vs 67.8% YoY
- Cloud services and subscriptions revenue $169.7M, up 14.8%; professional services margin 19.1% vs 23.5%
- Cash $834.9M vs $1,283.8M at June 30; operating cash flow $73.5M, down 20.8%
- Dell-EMC acquisition expected at $1.62B; financing commitment up to $1.0B, with closing expected within 90 to 120 days
Risk Factors
- Newly triggered acquisition risk: Dell-EMC transaction requires antitrust waiting-period clearance under the Hart-Scott-Rodino Act
- Regulatory risk: IRS examinations could produce approximately $550 million liability, including penalties and interest
- Operational risk: Recommind acquisition triggered restructuring, with expected Fiscal 2017 costs of approximately $2.0 million
- Financial risk: Dell-EMC financing commitment requires up to $1.0 billion first-lien term loan facility
- Currency risk: Canadian-dollar payroll exposure hedged through $34.1 million of forward contracts
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Open Text Corp quarterly reports
- Q3 2019 10-QFiled Oct 31, 2019
- Q1 2019 10-QFiled May 1, 2019
- Q4 2018 10-QFiled Jan 31, 2019
- Q3 2018 10-QFiled Oct 31, 2018
- Q1 2018 10-QFiled May 9, 2018
- Q4 2017 10-QFiled Jan 31, 2018
- Q3 2017 10-QFiled Nov 2, 2017
- Q1 2017 10-QFiled May 8, 2017
- Q4 2016 10-QFiled Feb 2, 2017
- Q1 2016 10-QFiled Apr 27, 2016
- Q4 2015 10-QFiled Feb 9, 2016
- Q3 2015 10-QFiled Oct 28, 2015
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.