OpenText reports first quarter revenue of $1.29 billion and net income of $147 million

Reuters11-06

OpenText reports first quarter revenue of $1.29 billion and net income of $147 million

Open Text Corporation reported total revenues of $1.3 billion for the first quarter of fiscal year 2026, representing a 1.5% year-over-year increase. Cloud revenues reached $485 million, up 6.0% year-over-year. GAAP net income was $147 million, with a net income margin of 11.4%. Adjusted EBITDA was $467 million, reflecting a 36.3% margin. GAAP diluted earnings per share $(EPS)$ were $0.58, up 81.3% from the previous year, while non-GAAP diluted EPS were $1.05, an increase of 12.9%. Free cash flows totaled $101 million. During the quarter, Open Text appointed Steve Rai as Executive Vice President and Chief Financial Officer, announced the strategic divestiture of its on-premise eDOCS solution for $163 million, and named George Schindler to its Board of Directors. The company also reported key customer wins and was recognized as a leader in Gartner's Magic Quadrant for both Application Security Testing and AI-Augmented Software Testing Tools.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Open Text Corporation published the original content used to generate this news brief via CNW (Ref. ID: C0931) on November 05, 2025, and is solely responsible for the information contained therein.

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Cloud revenues reached $485 million, up 6.0% year-over-year. GAAP net income was $147 million, with a net income margin of 11.4%. Adjusted EBITDA was $467 million, reflecting a 36.3% margin. GAAP diluted earnings per share <a href=\"https://laohu8.com/S/EPS\">$(EPS)$</a> were $0.58, up 81.3% from the previous year, while non-GAAP diluted EPS were $1.05, an increase of 12.9%. Free cash flows totaled $101 million. During the quarter, Open Text appointed Steve Rai as Executive Vice President and Chief Financial Officer, announced the strategic divestiture of its on-premise eDOCS solution for $163 million, and named George Schindler to its Board of Directors. 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Cloud revenues reached $485 million, up 6.0% year-over-year. GAAP net income was $147 million, with a net income margin of 11.4%. Adjusted EBITDA was $467 million, reflecting a 36.3% margin. GAAP diluted earnings per share $(EPS)$ were $0.58, up 81.3% from the previous year, while non-GAAP diluted EPS were $1.05, an increase of 12.9%. Free cash flows totaled $101 million. During the quarter, Open Text appointed Steve Rai as Executive Vice President and Chief Financial Officer, announced the strategic divestiture of its on-premise eDOCS solution for $163 million, and named George Schindler to its Board of Directors. The company also reported key customer wins and was recognized as a leader in Gartner's Magic Quadrant for both Application Security Testing and AI-Augmented Software Testing Tools.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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