Business Context and Reporting Period
Company: Open Text Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: April 24, 2014
Reporting Period: Quarter ended March 31, 2014
This filing serves to announce the issuance of a press release containing financial results for the quarter ended March 31, 2014, and to declare a cash dividend.
Key Financial Metrics
The Form 8-K text itself does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained within the attached press release (Exhibit 99.1), which is not included in the provided source text.
Dividend Declaration: $0.1725 per common share.
Material Changes
The filing does not provide specific comparative financial data or material changes versus the prior period. It solely references the release of Q1 2014 results.
Guidance, Outlook, and Other Events
- Dividend Policy: The Board declared a dividend payable on June 13, 2014, to shareholders of record on May 23, 2014.
- Future Dividends: Future dividends are subject to Board discretion based on financial position, cash resources, and contractual limitations (including credit agreements). There is no assurance that future dividends will equal or exceed current amounts.
- Management Commentary: No specific outlook or commentary is provided in the 8-K text; investors are directed to the press release for operational details.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2014 revenue, earnings, and cash flow figures.
- Verify the record date (May 23, 2014) and payment date (June 13, 2014) for the $0.1725 dividend.
- Check the Company's credit agreements for any covenants that may restrict future dividend payments.
- Confirm if the press release includes updated guidance for the fiscal year.