Business Context and Reporting Period
Company: Open Text Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: October 28, 2015
Reporting Period: Quarter ended September 30, 2015
This filing serves to announce the Company's financial results for the quarter ended September 30, 2015, via a press release furnished as Exhibit 99.1. It also reports the declaration of a cash dividend.
Key Financial Metrics
The filing text references the issuance of a press release containing detailed financial results but does not explicitly state specific values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document.
- Revenue, Profit, Cash Flow, Margins: Not provided in the filing text; contained in Exhibit 99.1.
- Debt and Liquidity: Not provided in the filing text.
- Dividend Declaration: $0.20 per Common Share.
- Dividend Record Date: November 27, 2015.
- Dividend Payment Date: December 18, 2015.
Material Changes
The filing does not provide specific comparative financial data or material changes versus the prior period. It directs readers to the press release (Exhibit 99.1) for the full results of operations and financial condition.
Guidance, Outlook, and Risks
Dividend Policy and Risks: The Board of Directors declared the dividend pursuant to the Company's policy. The filing explicitly states that future dividends are subject to final determination each quarter based on factors including financial position, results of operations, available cash resources, and cash requirements. Payment is also subject to contractual limitations in existing credit agreements. There is no assurance that future dividends will be equal to previous amounts or that they will not be reduced, suspended, or discontinued.
Outlook: No specific forward-looking guidance or outlook is provided in the text of this filing.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, earnings, and cash flow figures for the quarter ended September 30, 2015.
- Verify the Company's current credit agreement terms to understand contractual limitations on dividend payments.
- Confirm the record date (November 27, 2015) to ensure eligibility for the $0.20 per share dividend.
- Monitor future Board determinations regarding dividend continuity given the explicit disclaimer regarding future payments.