Short answer
Open Text Corp (OTEX) filed its Q3 2017 10-Q quarterly report on Nov 2, 2017 for the quarter ended Sep 30, 2017.
Open Text Corp Q3 2017 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $640.7M, up 30.3% YoY from $491.7M
- GAAP operating margin 13.6% vs 15.1%; non-GAAP margin 31.4% vs 30.8%
- Best line customer support revenue $295.4M, up $85.2M; worst margin cloud subscriptions 56.5% vs 58.6%
- Operating cash flow $67.1M, down 8.6%; cash $376.4M vs $443.4M, acquisitions totaled $343.3M
- Outlook: continued strategic acquisitions and approximately 11% to 13% R&D spending; IRS exposure estimated at approximately $590M
Risk Factors
- New operational risk: Covisint and Guidance acquisitions triggered Fiscal 2018 restructuring, with $12.0 million expected costs
- Regulatory risk: IRS examinations could create approximately $590 million liability, including taxes, penalties and interest
- Legal risk: Guidance appraisal claims cover approximately 1,519,569 shares, or 5% of outstanding shares
- Financial risk: Revolver borrowings increased $200 million for Guidance, with $375 million classified as current debt
- Currency risk: Canadian-dollar payroll exposure hedged through $46.3 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
- Q1 2017 10-QFiled May 8, 2017
- Q4 2016 10-QFiled Feb 2, 2017
- Q3 2016 10-QFiled Nov 3, 2016
- Q1 2016 10-QFiled Apr 27, 2016
- Q4 2015 10-QFiled Feb 9, 2016
- Q3 2015 10-QFiled Oct 28, 2015
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