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BRIEF-Opentext Q2 non-GAAP earnings per share $0.87

Published 2015-07-29, 04:32 p/m
BRIEF-Opentext Q2 non-GAAP earnings per share $0.87
OTEX
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July 29 (Reuters) - Open Text Corp OTC.TO :
* Opentext reports fourth quarter and fiscal year 2015 financial results
* Qtrly total revenue was $482.7 million, down 2%
* Qtrly GAAP-based EPS, diluted $0.56
* Q2 non-GAAP earnings per share $0.87
* Raising non-GAAP operating margin model range to 30% to 34% and raising
annual recurring revenue range to 82% to 86%
* Says announced a share buyback of up to $200 million and quarterly dividend
of 20 cents
* Got from irs notice of proposed adjustment in draft form proposing one-time
about $280 million increase to U.S. federal taxes
* Strongly disagree with the irs' position and intend to vigorously contest the
proposed adjustments to our taxable income"
* Expect will get "additional nopa proposing an approximately $80 million
increase to our U.S. federal taxes for fiscal 2012 "

* Source text for Eikon ID:nPndmlPP

* Further company coverage OTC.TO

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