Business Context and Reporting Period
Company: Open Text Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 9, 2018
Reporting Period: Quarter ended March 31, 2018
This filing serves to announce the Company's financial results for the quarter ended March 31, 2018, and to declare a cash dividend. Detailed financial metrics are referenced in the attached press release (Exhibit 99.1) rather than listed directly in this text.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the press release furnished as Exhibit 99.1.
Dividend Declaration:
- Amount: $0.1518 per Common Share
- Record Date: June 8, 2018
- Payment Date: June 29, 2018
Material Changes
The filing does not explicitly detail material changes in financial performance versus the prior comparable period. Investors must refer to the attached press release (Exhibit 99.1) for comparative analysis of the quarter ended March 31, 2018.
Guidance, Outlook, and Risks
Dividend Policy and Risks:
- Future dividends are subject to final determination by the Board of Directors based on financial position, results of operations, available cash resources, and alternative uses of cash.
- Payments are subject to contractual limitations in existing credit agreements.
- Warning: There is no assurance that future dividends will equal or resemble previous amounts; the Board may reduce, suspend, or discontinue dividends.
Guidance: No specific forward-looking guidance or outlook is provided in the text of this 8-K filing.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, earnings, and cash flow figures for the quarter ended March 31, 2018.
- Verify the dividend payment date (June 29, 2018) and record date (June 8, 2018) for portfolio accounting.
- Assess the credit agreement limitations mentioned in the filing that could impact future dividend sustainability.
- Confirm the Board's discretion regarding future dividend amounts, as no guarantee of continuity is provided.