Open Text Corporation (NASDAQ:OTEX) Files An 8-K Results of Operations and Financial ConditionItem 2.02
Results of Operations and Financial Condition
The following information is furnished to Item 2.02, “Results of Operations and Financial Condition.”
On August3, 2017, Open Text Corporation (the “Company”) issued a press release announcing its financial results for the quarter and fiscal year ended June30, 2017. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.
The following information is filed to Item 2.02 "Other Events"
Cash Dividends
to the Company's dividend policy, the Board of Directors of the Company has declared a dividend of $0.1320 per Common Share, payable on September22, 2017, to the shareholders of the Company of record on September1, 2017.
The declaration, payment and amount of any future dividends will be made to the Company's dividend policy and is subject to final determination each quarter by the Board of Directors in its discretion based on a number of factors that it deems relevant, including the Company's financial position, results of operations, available cash resources, cash requirements and alternative uses of cash that the Board of Directors may conclude would be in the best interest of the shareholders of the Company. Payment of dividends is also subject to relevant contractual limitations, including those in the Company's existing credit agreements. Accordingly, there can be no assurance that any future dividends will be equal or similar in amount to any dividends previously paid or that the Board of Directors will not decide to reduce, suspend or discontinue the payment of dividends in the future.
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Item 2.02 |
Financial Statements and Exhibits |
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Exhibit No. |
Description |
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99.1 |
Press Release of financial results issued by Open Text Corporation on August 3, 2017 |
OPEN TEXT CORP ExhibitEX-99.1 2 exhibit991q4-17pressrelease.htm EXHIBIT 99.1 Exhibit Exhibit 99.1OpenText Reports Fourth Quarter and Fiscal Year 2017 Financial ResultsQ4 Fiscal 2017 – Total revenue of $664 million,…To view the full exhibit click here
About Open Text Corporation (NASDAQ:OTEX)
Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics. Its software and services allow organizations to manage the information that flows into, out of, and throughout the enterprise as part of daily operations. Its solutions incorporate collaborative and mobile technologies and are delivered for on-premises deployment, as well as through cloud, hybrid and managed hosted services models. In addition, the Company provides solutions that facilitate the exchange of information and transactions that occur between supply chain participants.
