Earnings Releases·Nov 5, 2026, 7:11 AM ET

OpenText — First Quarter Fiscal 2027 Earnings Summary

Total revenues declined 4.0% year-over-year (Y/Y) to $1,237 million, driven by decreases in client support and license revenues, while core revenues rose 2.4% Y/Y to $864 million and cloud revenues increased 4.3% Y/Y to $505 million.
GAAP net income grew 5.9% Y/Y to $155 million and diluted GAAP EPS rose 10.3% to $0.64, whereas Non-GAAP net income fell 4.5% Y/Y to $254 million and Non-GAAP diluted EPS remained flat at $1.05.
The company executed significant capital return and balance sheet initiatives, including a $1.0 billion debt refinancing, a $300 million debt tender offer, $23 million in share repurchases, and a declared quarterly dividend of $0.280 per share.
Management highlighted strong free cash flow growth of 36.8% Y/Y to $139 million and confirmed the durability of its operating model, with an Investor Day scheduled for February 10, 2027, to discuss strategic priorities and the Enterprise Assessment.
No formal financial guidance was issued; forward-looking statements regarding future performance and capital allocation remain subject to risks and uncertainties.