OPEN TEXT (OTEX) Company Report

Open Text Corporation has increased its Fiscal 2026 share repurchase program by US$200 million.
The new maximum aggregate value for the share repurchase program is US$500 million.
This normal course issuer bid (NCIB) is in effect from August 12, 2025, to August 11, 2026.
As of January 31, 2026, the company had already purchased approximately US$190 million of common shares for cancellation during Fiscal 2026.

Feb 10, 2026, 1:13 PM

8-K

OpenText Increases Share Repurchase Program

OTEX

Share Buyback

OpenText has increased its Fiscal 2026 share repurchase program by US$200 million, raising the total authorized limit to US$500 million.
The normal course issuer bid (NCIB) allows for the purchase of up to 24,906,456 Common Shares and is in effect from August 12, 2025, to August 11, 2026.
As of January 31, 2026, OpenText has already purchased approximately US$190 million of Common Shares for cancellation during Fiscal 2026.
The increase reflects management's confidence in the company's robust cash flow engine.

Feb 10, 2026, 1:00 PM

Press Release

OpenText Announces Q2 Fiscal 2026 Results, New CEO, and Strategic Divestitures

OTEX

Earnings

CEO Change

M&A

OpenText reported Q2 fiscal 2026 total revenues of $1,330,000,000, with cloud revenue up 3.4% to $478,000,000, and non-GAAP diluted EPS of $1.13, up 1.8%.
The company maintained its full-year fiscal 2026 total revenue growth outlook of 1%-2% and projects Q3 2026 total revenue between $1,260,000,000 and $1,280,000,000.
Ayman Antoun has been appointed as the new CEO, expected to join in a couple of months.
OpenText is continuing its portfolio reshaping with the divestiture of Vertica for $150,000,000 and the completed divestiture of eDOCS for $163,000,000. The company also plans to further increase its existing $300,000,000 share buyback program.
The company is focused on pivoting to higher growth by investing in its core content cloud business and enterprise information management for AI.

Feb 5, 2026, 10:00 PM

Transcript

OpenText Reports Q2 F'26 Results and Provides F'26 Outlook

OTEX

Earnings

Guidance Update

M&A

OpenText reported Q2 F'26 Total Revenues of $1,327 million, a 0.6% year-over-year decrease, with GAAP EPS at $0.66 (down 24.1%) and Non-GAAP A-EPS at $1.13 (up 1.8%).
The company provided an F'26 outlook for Total Revenue Growth of 1% to 2% and Cloud Revenue Growth of 3% to 4%. The Q3 F'26 Total Revenue outlook is between $1,260 million and $1,280 million.
OpenText announced the sale of Vertica for US$150 million, with proceeds intended to reduce outstanding debt, following the prior divestiture of eDOCS for $163 million.
The company has an existing $300 million share repurchase program and intends to further increase it in F'26.

Feb 5, 2026, 10:00 PM

Presentation

OpenText Reports Strong Q2 2026 Results, Announces New CEO, and Continues Portfolio Reshaping

OTEX

Earnings

CEO Change

M&A

OpenText reported strong Q2 fiscal 2026 results, with total revenues of approximately $1.33 billion, overall cloud growth of 3.4% year-over-year, and enterprise cloud bookings up 18% year-over-year to $295 million.
The company reaffirmed its fiscal year 2026 total revenue growth target of 1%-2% year-over-year, and expects Q3 total revenues between $1.26 billion and $1.28 billion with an adjusted EBITDA margin between 33.0% and 33.5%.
As part of its portfolio reshaping strategy, OpenText agreed to divest Vertica for $150 million and completed the divestiture of eDOCS for $163 million, aiming for one divestiture per quarter to focus on core businesses like Content and AI.
OpenText announced Ayman Antoun as its new CEO, with James McGourlay transitioning to an executive role, and plans to further increase its existing $300 million share buyback program.

Feb 5, 2026, 10:00 PM

Transcript

OpenText Reports Q2 2026 Results, Announces New CEO, and Continues Portfolio Reshaping

OTEX

Earnings

CEO Change

M&A

OpenText reported Q2 fiscal 2026 total revenues of $1.33 billion and non-GAAP diluted EPS of $1.13, representing a 1.8% increase year-over-year. Cloud revenue grew 3.4% year-over-year, with enterprise cloud bookings up 18% year-over-year to $295 million.
The company reaffirmed its FY26 revenue target of 1%-2% growth year-on-year and expects Q3 total revenues between $1.26 billion and $1.28 billion.
OpenText announced the divestiture of Vertica for $150 million and the closing of the eDOCS divestiture for $163 million, as part of a strategy to divest one business unit or product category per quarter to focus on its core content cloud and AI businesses.
Ayman Antoun was appointed as the new CEO, bringing over three decades of global technology experience, most recently as president of IBM Americas.

Feb 5, 2026, 10:00 PM

Transcript

OpenText Reports Q2 Fiscal Year 2026 Financial Results, Announces New CEO and Divestitures

OTEX

Earnings

CEO Change

M&A

OpenText reported total revenues of $1.327 billion and cloud revenues of $478 million for the second quarter of fiscal year 2026, marking 20 consecutive quarters of cloud organic growth.
The company achieved a net income of $168 million and a robust Adjusted EBITDA margin of 37.0% in Q2 FY26.
Ayman Antoun was appointed Chief Executive Officer, effective April 20, 2026, and OpenText announced the divestiture of Vertica for US$150 million and completed the divestiture of eDOCS for US$163 million.
OpenText returned $119 million to shareholders, comprising $69 million via dividends and $50 million in share repurchases, and declared a quarterly cash dividend of $0.275 per common share.

Feb 5, 2026, 9:02 PM

8-K

OpenText Reports Q2 Fiscal Year 2026 Financial Results

OTEX

Earnings

CEO Change

M&A

Open Text Corporation reported total revenues of $1.327 billion for the second quarter ended December 31, 2025, a 0.6% year-over-year decrease, with cloud revenues growing 3.4% year-over-year to $478 million, marking its 20th consecutive quarter of cloud organic growth.
For Q2 FY26, the company achieved GAAP net income of $168 million and Non-GAAP diluted EPS of $1.13.
Adjusted EBITDA for the quarter was $491 million, representing a 37.0% margin.
OpenText announced the appointment of Ayman Antoun as Chief Executive Officer, effective April 20, 2026, and completed the divestiture of eDOCS for US$163 million, while also announcing the divestiture of Vertica for US$150 million.
The Board declared a quarterly cash dividend of $0.275 per common share, payable on March 20, 2026, to shareholders of record on March 6, 2026.

Feb 5, 2026, 9:01 PM

Press Release

OpenText to Divest Vertica for US$150 Million

OTEX

M&A

Debt Issuance

New Projects/Investments

Open Text Corporation (OTEX) has reached a definitive agreement to divest Vertica, a part of its non-core Analytics portfolio, to Rocket Software Inc. for US$150 million in cash.
Vertica contributed approximately US$80 million in annual revenue in OpenText's fiscal year ended June 30, 2025.
OpenText intends to use the proceeds from the sale to reduce its outstanding debt.
The transaction is expected to close during fiscal year 2026.

Feb 2, 2026, 2:06 PM

8-K

OpenText to Divest Vertica for US$150 Million

OTEX

M&A

Debt Issuance

Open Text Corporation (OTEX) has reached a definitive agreement to divest Vertica to Rocket Software Inc. for US$150 million in cash.
Vertica, part of OpenText's non-core Analytics portfolio, contributed approximately US$80 million in annual revenue in OpenText's fiscal year ended June 30, 2025.
OpenText intends to use the proceeds from the sale to reduce its outstanding debt.
The transaction is expected to close during fiscal year 2026, subject to customary approvals and closing conditions.