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WATERLOO, ONTARIO — Waterloo-based tech firm OpenText says it earned $102.2 million within the three months ended June 30, a 43.6 per cent decline from the earlier 12 months’s quarter even because it achieved document income of $3.5 billion for its full 2022 fiscal 12 months.
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The corporate says its fourth-quarter revenue amounted to 38 cents per diluted share, down from 66 cents within the fourth quarter of fiscal 2021.
On an adjusted foundation, OpenText earned $313.6 million within the fourth quarter, in comparison with $314.8 million throughout the identical interval in 2021.
The corporate’s fourth-quarter revenues have been $902 million, a one per cent enhance from the prior 12 months’s quarter.
OpenText’s income from cloud providers and subscriptions elevated 14 per cent year-over-year from $360.2 million to $411.6 million.
OpenText says for the complete fiscal 12 months 2022, the corporate achieved document cloud revenues and cloud bookings. It says 82 per cent of its whole revenues have been annual recurring revenues.
This report by The Canadian Press was first printed Aug. 4, 2022.
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