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OpenText Reports Fourth Quarter and Fiscal Year 2026 Financial Results
$1.96B of Cloud Revenues, growth of 5.5% Y/Y
Core Revenue* growth of 3% Y/Y
Fiscal 2026 Fourth Quarter Highlights (in millions)(1)
WATERLOO, ON, Aug. 6, 2026 /PRNewswire/ — Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the fourth quarter and year ended June 30, 2026.
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“AI is creating urgency for every organization, but trusted data determines whether AI delivers value. OpenText is the secure data foundation in the AI stack. Enterprise-grade data is our differentiator, and it is how we will turn the AI opportunity into sustainable growth,” said Ayman Antoun, OpenText CEO. “In Fiscal 2027, our focus is disciplined execution: expanding sales capacity, deepening reach through ecosystem partners, and increasing organic investment in our core portfolio, giving clients the choice of deployment, type of cloud, and AI models they need to trust their AI outcomes. This is our foundation year where we will drive core organic growth in constant currency and put in place the launch pad for sustained, enhanced performance going forward.” |
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Ayman Antoun, OpenText Chief Executive Officer |
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“Fiscal 2026 was an important year of financial and operational discipline for OpenText,” said Steve Rai, OpenText EVP, CFO. “We strengthened the balance sheet, managed costs, and delivered 36.3% in Adjusted EBITDA Margin, which demonstrates the durability of our operating model. As we enter Fiscal 2027, our focus remains on cash generation, debt reduction, and capital allocation that positions OpenText well in the year ahead.” |
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Steve Rai, OpenText Executive Vice President, Chief Financial Officer |
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Fourth Quarter Financial Highlights Y/Y
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Total revenues: $1.349 billion, +2.9% Y/Y
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Annual recurring revenues (ARR): $1.057 billion, +0.2% Y/Y
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Cloud revenues: $503 million, +6.0% Y/Y, 22 consecutive quarters of cloud organic growth
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Enterprise cloud bookings(2): $295 million, +24.1% Y/Y
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Operating cash flows: $186 million and free cash flow(3) was $122 million
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Net income: GAAP $156 million, +439.9% Y/Y, Non-GAAP(3) $299 million, +19.7% Y/Y
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Adjusted EBITDA(3) of $507 million, margin of 37.6%
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Diluted earnings per share (EPS): GAAP $0.64, Non-GAAP(3) $1.23
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Repurchased $12 million of common shares for cancellation
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(*) Core revenue product categories include Content, Business Network, IT Operations Management (ITOM) and Cybersecurity (Enterprise) |
