Business Context and Reporting Period
Company: Open Text Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: August 30, 2017
Event: The filing discloses the Unaudited Pro Forma Consolidated Statement of Income for the year ended June 30, 2017. This statement reflects the acquisition of certain assets and the assumption of certain liabilities from the enterprise content division of EMC Corporation and certain of its subsidiaries.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced Exhibit 99.1 (Unaudited Pro Forma Consolidated Statement of Income), which is incorporated by reference but not reproduced in the provided text.
Material Changes
The primary material change disclosed is the pro forma adjustment to the financial statements to give effect to the acquisition of the enterprise content division of EMC Corporation. No other material changes versus prior periods are detailed in the text of this specific 8-K.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies beyond the reference to the acquisition transaction. The document serves strictly to notify investors of the availability of the pro forma financial data.
Investor Verification Checklist
- Review Exhibit 99.1 to obtain the specific pro forma revenue and net income figures for the year ended June 30, 2017.
- Verify the specific assets acquired and liabilities assumed from EMC Corporation's enterprise content division.
- Assess the impact of the acquisition on Open Text's historical financial ratios and future growth projections.
- Confirm the accounting treatment and assumptions used in the pro forma statement.