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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Revenues (Note 3):      
Total revenues $ 5,769,577 $ 4,484,980 $ 3,493,844
Cost of revenues:      
Amortization of acquired technology-based intangible assets (Note 8) 243,922 223,184 198,607
Total cost of revenues 1,578,549 1,316,587 1,062,201
Gross profit 4,191,028 3,168,393 2,431,643
Operating expenses:      
Research and development 893,932 680,587 440,448
Sales and marketing 1,133,665 948,598 677,118
General and administrative 577,038 419,590 317,085
Depreciation 131,599 107,761 88,241
Amortization of acquired customer-based intangible assets (Note 8) 432,404 326,406 217,105
Special charges (recoveries) (Note 18) 135,305 169,159 46,873
Total operating expenses 3,303,943 2,652,101 1,786,870
Income from operations 887,085 516,292 644,773
Other income, net (Note 23) 358,391 34,469 29,118
Interest and other related expense, net (516,180) (329,428) (157,880)
Income before income taxes 729,296 221,333 516,011
Provision for income taxes (Note 15) 264,012 70,767 118,752
Net income 465,284 150,566 397,259
Net (income) attributable to non-controlling interests (194) (187) (169)
Net income attributable to OpenText $ 465,090 $ 150,379 $ 397,090
Earnings per share—basic attributable to OpenText (in dollars per share) $ 1.71 $ 0.56 $ 1.46
Earnings per share—diluted attributable to OpenText (in dollars per share) $ 1.71 $ 0.56 $ 1.46
Weighted average number of Common Shares outstanding—basic (in shares) 271,548 270,299 271,271
Weighted average number of Common Shares outstanding—diluted (in shares) 272,588 270,451 271,909
Cloud services and subscriptions      
Revenues (Note 3):      
Total revenues $ 1,820,524 $ 1,700,433 $ 1,535,017
Cost of revenues:      
Costs of revenues 713,759 590,165 511,713
Customer support      
Revenues (Note 3):      
Total revenues 2,713,297 1,915,020 1,330,965
Cost of revenues:      
Costs of revenues 292,733 209,705 121,485
License      
Revenues (Note 3):      
Total revenues 834,162 539,026 358,351
Cost of revenues:      
Costs of revenues 25,608 16,645 13,501
Professional service and other      
Revenues (Note 3):      
Total revenues 401,594 330,501 269,511
Cost of revenues:      
Costs of revenues $ 302,527 $ 276,888 $ 216,895