OpenText — First Quarter Fiscal 2027 Earnings Summary

OpenText reported first-quarter fiscal 2027 total revenues of $1.237 billion, representing a 4.0% year-over-year decline, while core revenues grew 2.4% to $864 million. Cloud revenues increased 4.3% to $505 million, contributing to a 35.8% adjusted EBITDA margin and $139 million in free cash flow. The company achieved GAAP net income of $155 million and non-GAAP net income of $254 million, with diluted earnings per share of $0.64 and $1.05, respectively. Additionally, OpenText reduced its debt by approximately $949 million over the past twelve months and declared a quarterly cash dividend of $0.28 per share.