OTEX

Open Text NASDAQ: OTEX reported fiscal first-quarter revenue of $1.237 billion and maintained its full-year outlook, as growth in cloud products helped offset declines in client support, licensing and professional services revenue.

Open Text Corporation ( OTEX ) Q1 2027 Earnings Call November 5, 2026 8:00 AM EST Company Participants Greg Secord - Vice President of Investor Relations Ayman Antoun - CEO & Director Steve Rai - Executive VP & CFO Conference Call Participants Thanos Moschopoulos - BMO Capital Markets Equity Research Raimo Lenschow - Barclays Bank PLC, Research Division Kevin Krishnaratne - Scotiabank Global Banking and Markets, Research Division Paul Treiber - RBC Capital Markets, Research Division David Kwan - TD Cowen, Research Division Stephanie Price - CIBC Capital Markets, Research Division Steven Enders - Citigroup Inc., Research Division Presentation Operator Thank you for standing by. This is the conference operator.

Core Revenues growth of 2% Y/Y, and Core Cloud Revenues growth of 11% Y/Y Delivers Net Income Margin of 13%, Robust Adjusted EBITDA Margin of 35.8% Fiscal 2027 First Quarter Highlights  (in millions)(1) Total Revenues CloudRevenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flow $1,237 $505 $155 $442 $0.64 $1.05 $172 $139 -4.0% Y/Y +4.3% Y/Y 12.6% margin 35.8% margin +10.3% Y/Y —% Y/Y +16.6% Y/Y +36.8% Y/Y WATERLOO, ON, Nov. 5, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the first quarter ended September 30, 2026. "Our first quarter reflects the strength of our core portfolio and the value we deliver for clients," said Ayman Antoun, OpenText CEO.

OpenText (OTEX) is streamlining operations, focusing on core content management and cloud growth while divesting non-core segments. OTEX maintains robust free cash flow, supporting a 4.2% dividend and plans to retire 6% of shares by June 2026. Management is investing $150 million in sales force expansion and AI (Aviator), expecting organic growth and improved cross-selling.

WATERLOO, ON, Oct. 1, 2026 /PRNewswire/ -- Open Text Corporation (the "Company" or "OpenText") (NASDAQ: OTEX), (TSX: OTEX) announced today that it has closed its offering (the "Notes Offering") of $500 million aggregate principal amount of 6.700% senior secured notes due 2031 and $500 million aggregate principal amount of 7.150% senior secured notes due 2033 (together, the "Notes"). The Company further announced it executed an amendment to its revolving credit facility (the "Revolver") principally to extend the maturity of the Revolver from December 19, 2028 to October 1, 2031, subject to certain terms as specified under the Revolver.

Open Text Corporation is rated Buy, with shares trading at a steep discount to historical and sector multiples despite improving cloud and AI momentum. Cloud bookings rose 22.5% in fiscal 2026 and 24.1% in Q4, driven by new customer engagements rather than migrations. Management is prioritizing growth with increased sales investment, accepting near-term margin and cash flow pressure to reignite organic expansion.

WATERLOO, ON, Sept. 25, 2026 /PRNewswire/ -- Open Text Corporation (the "Company" or "OpenText") (NASDAQ: OTEX), (TSX: OTEX) today announced it has amended certain terms of its previously announced cash tender offer (the "Tender Offer") for its outstanding 3.875% Senior Notes due 2028 (the "Bonds").

WATERLOO, ON, Sept. 23, 2026 /PRNewswire/ -- Open Text Corporation (the "Company" or "OpenText") (NASDAQ: OTEX), (TSX: OTEX) today announced that it has priced an offering (the "Notes Offering") of $500 million principal amount of 6.700% senior secured notes due 2031 and $500 million principal amount of 7.150% senior secured notes due 2033 (together, the "Notes").

WATERLOO, ON, Sept. 23, 2026 /PRNewswire/ -- Open Text Corporation (the "Company" or "OpenText") (NASDAQ: OTEX), (TSX: OTEX) today announced the commencement of a cash tender offer (the "Tender Offer") to purchase its outstanding 3.875% Senior Notes due 2028 (the "Bonds"), up to an aggregate principal amount that will not exceed $450,000,000 (subject to increase or decrease by the Company, the "Aggregate Maximum Tender Amount").

WATERLOO, ON, Sept. 22, 2026 /PRNewswire/ -- Open Text Corporation (the "Company" or "OpenText") (NASDAQ: OTEX), (TSX: OTEX) today announced that it has issued a conditional notice of redemption with respect to $1.0 billion principal amount of its outstanding 6.900% Senior Secured Notes due 2027 (the "2027 Notes"), providing for the redemption in full of such 2027 Notes on October 2, 2026 (the "Redemption Date"), subject to the satisfaction or waiver of certain conditions, including the receipt by the Company of the net proceeds from one or more offerings of debt securities sufficient to make payment of the redemption price and any other amounts payable in connection with the redemption of the 2027 Notes (the "Financing Condition").