OPEN TEXT CORPORATION

CONSOLIDATED STATEMENTS OF INCOME

(In thousands of U.S. dollars, except share and per share data)

Year Ended June 30,

2015

2014

2013

Revenues:

License

$

294,266

$

305,846

$

272,985

Cloud services and subscriptions

605,309

373,400

180,412

Customer support

731,797

707,024

658,216

Professional service and other

220,545

238,429

251,723

Total revenues

1,851,917

1,624,699

1,363,336

Cost of revenues:

License

12,899

13,161

15,995

Cloud services and subscriptions

239,719

142,666

73,464

Customer support

94,766

95,979

106,172

Professional service and other

173,399

189,947

196,663

Amortization of acquired technology-based intangible assets

81,002

69,917

93,610

Total cost of revenues

601,785

511,670

485,904

Gross profit

1,250,132

1,113,029

877,432

Operating expenses:

Research and development

196,491

176,834

164,010

Sales and marketing

369,920

345,643

289,157

General and administrative

163,042

142,450

109,325

Depreciation

50,906

35,237

24,496

Amortization of acquired customer-based intangible assets

108,239

81,023

68,745

Special charges

12,823

31,314

24,034

Total operating expenses

901,421

812,501

679,767

Income from operations

348,711

300,528

197,665

Other income (expense), net

(28,047)

3,941

(2,473)

Interest and other related expense, net

(54,620)

(27,934)

(16,982)

Income before income taxes

266,044

276,535

178,210

Provision for income taxes

31,638

58,461

29,690

Net income for the period

$

234,406

$

218,074

$

148,520

Net (income) loss attributable to non-controlling interests

(79)

51

—

Net income attributable to OpenText

$

234,327

$

218,125

$

148,520

Earnings per share—basic attributable to OpenText

$

1.92

$

1.82

$

1.27

Earnings per share—diluted attributable to OpenText

$

1.91

$

1.81

$

1.26

Weighted average number of Common Shares outstanding—basic

122,092

119,674

117,208

Weighted average number of Common Shares outstanding—diluted

122,957

120,576

118,124

Dividends declared per Common Share

$

0.7175

$

0.6225

$

0.1500