Open Text Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Open Text Corporation on November 2, 2017. The filing primarily serves to announce the Company's financial results for the quarter ended September 30, 2017, and to declare a cash dividend.
Key Financial Metrics
The filing text references a press release (Exhibit 99.1) containing the detailed financial results for the quarter ended September 30, 2017. However, the body of this 8-K does not explicitly state specific values for revenue, profit, cash flow, margins, debt, or liquidity. The filing text does not provide a clear value for these metrics.
Material Changes and Other Events
- Cash Dividend: The Board of Directors declared a dividend of $0.1320 per Common Share.
- Payment Details: The dividend is payable on December 20, 2017, to shareholders of record on December 1, 2017.
- Dividend Policy: Future dividends are subject to the Board's discretion based on financial position, cash resources, and contractual limitations in existing credit agreements. There is no assurance that future dividends will equal or exceed previous amounts.
Guidance, Outlook, and Risks
The filing does not contain specific management commentary, forward-looking guidance, or a detailed risk assessment within the text provided. It notes that dividend payments are contingent on the Company's financial position and contractual limitations.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q3 2017 revenue, earnings, and cash flow figures.
- Verify the record date (December 1, 2017) and payment date (December 20, 2017) for the $0.1320 dividend.
- Assess the Company's credit agreements for any covenants that could restrict future dividend payments.
- Confirm the Company's status as an emerging growth company and any related accounting election impacts.