Earnings summaries and quarterly performance for OPEN TEXT.
Research analysts who have asked questions during OPEN TEXT earnings calls.
PT
Paul Treiber
RBC Capital Markets
4 questions for OTEX
Also covers: BB, CLS, DSGX +2 more
Raimo Lenschow
Barclays
4 questions for OTEX
Also covers: APPN, BASE, BIGC +35 more
Richard Tse
National Bank Financial
4 questions for OTEX
Also covers: DCBO, GIB, LSPD +2 more
SP
Stephanie Price
CIBC World Markets
4 questions for OTEX
Also covers: BCE, DCBO, DSGX +6 more
KK
Kevin Krishnaratne
Scotiabank
3 questions for OTEX
Also covers: DCBO, DSGX, EGLXF +3 more
TM
Thanos Moschopoulos
BMO Capital Markets
3 questions for OTEX
Also covers: CLS, GIB, LSPD
SS
Samad Samana
Jefferies
2 questions for OTEX
Also covers: ADP, ALRM, AUDC +19 more
SG
Seth Gilbert
D.A. Davidson & Co.
2 questions for OTEX
Also covers: BLND, FIVN, VERI +1 more
AK
Adhir Kadve
Eight Capital
1 question for OTEX
Also covers: MOGO, WHTCF, XTRAF
BF
Billy Fitzsimmons
Jefferies
1 question for OTEX
Also covers: ALRM, AUDC, FIVN +4 more
George Michael Kurosawa
Citigroup
1 question for OTEX
Also covers: BL, MANH, SMAR +2 more
WF
William Fitzsimmons
Jefferies
1 question for OTEX
Also covers: AUDC, TWLO, VRNT
Recent press releases and 8-K filings for OTEX.
OpenText Outlines Divestiture Strategy and Cloud/AI Focus at UBS Conference
OTEX
M&A
Revenue Acceleration/Inflection
New Projects/Investments
Dec 2, 2025, 9:15 PM
OpenText Discusses Divestiture Strategy, Cloud Transition, and AI Focus
OTEX
M&A
Revenue Acceleration/Inflection
Product Launch
- OpenText is executing a divestiture strategy to shed up to $1 billion in revenue, or 15-20% of the company, to concentrate on its fastest-growing and most profitable core businesses: Content, ITOM, Business Networks, and Cyber.
- The company is accelerating its shift to a cloud-first model, with cloud growth increasing from 2% to 6% in the most recent quarter, and anticipates replacing $1 of maintenance revenue with $2 of cloud revenue.
- OpenText's strategic focus is on providing content and data platforms, including Aviator, to train agentic AI, utilizing its extensive 1,500+ connectors and multi-model support for various large language models.
- A search for a new CEO is being conducted by a newly constituted board, with an announcement anticipated by the end of the calendar year.
Dec 2, 2025, 9:15 PM
OpenText discusses strategic direction, divestitures, and AI initiatives
OTEX
M&A
Revenue Acceleration/Inflection
New Projects/Investments
- OpenText is undergoing a significant strategic shift, planning to divest up to $1 billion in revenue, aiming to reduce the company's size by 15%-20% from its current $5+ billion to $4+ billion. This divestiture process is expected to occur over the next three quarters, with one unit sold per quarter.
- The company is accelerating its cloud transition, with cloud growth increasing from 2% to 6%. OpenText aims to replace $1 of maintenance revenue with multiple dollars of cloud revenue, initially targeting $2 , and has made all major products available in the cloud.
- OpenText's core businesses—content, ITOM, business networks, and cyber—are central to its AI strategy, providing essential human-generated, transactional, and machine-generated content for training agentic AI. The company recently launched the Aviator data platform, designed to be multi-model and multi-application, to support this initiative.
- A CEO search is in progress, with an announcement anticipated by the end of this calendar year, focusing on candidates with a solutions background.
Dec 2, 2025, 9:15 PM
OpenText expands partnership with Google Cloud
OTEX
New Projects/Investments
Product Launch
- OpenText has expanded its partnership with Google Cloud to deliver transformative solutions across artificial intelligence (AI), data privacy, and sovereign cloud infrastructure.
- The collaboration will leverage Google's Gemini models and Vertex AI to drive new AI use cases and deliver a suite of intelligent agents in Gemini Enterprise, aiming to automate claims processing, enhance fraud detection, and streamline regulatory reporting for industries like insurance, financial services, and retail.
- A new data protection solution for the retail sector integrates OpenText Voltage with Google BigQuery, providing advanced encryption and data protection for sensitive data.
- OpenText's Private Cloud offerings now integrate with Google Cloud's Sovereign Cloud solutions, enabling organizations in regulated industries to meet stringent compliance requirements and maintain control over their data.
Nov 19, 2025, 2:00 PM
OpenText Unveils AI Data Platform and 18-Month AI Roadmap
OTEX
Product Launch
New Projects/Investments
- OpenText announced its OpenText AI Data Platform (AIDP), a new vision for enterprise AI designed to securely activate information and deliver contextual, trusted automation at scale by uniting data management and AI.
- The platform leverages OpenText's expertise in data custodianship to establish contextual data foundations for accurate AI results, with key components like OpenText Aviator supporting multi-cloud, multi-model, and multi-application environments.
- OpenText is expanding its partnership with Databricks to co-innovate on the AIDP, aiming to unify, govern, and analyze enterprise data for trusted AI insights.
- At OpenText World 2025, the company also outlined an 18-month roadmap (OT 26.1 - OT 27.2) and introduced several innovations, including OpenText Aviator Studio, Knowledge Discovery, Data Compliance, and Aviator AI Services.
Nov 18, 2025, 2:38 PM
OpenText Reports Q1 Fiscal 2026 Results and Strategic Focus
OTEX
Earnings
CFO Change
M&A
- OpenText reported Q1 Fiscal 2026 total revenues of $1.3 billion, an increase of 1.5% year over year, with cloud revenue up 6% year over year to $485 million. Adjusted EBITDA was $467 million, representing a 36.3% margin, up 130 basis points year over year, and adjusted EPS was $1.05, up 12.9% year over year.
- For Q2 Fiscal 2026, the company expects total revenue between $1.275 billion and $1.295 billion and an adjusted EBITDA margin between 35.5% and 36%. The Fiscal 2026 annual outlook remains unchanged, with revenue expected to skew higher towards a strong Q4.
- OpenText is focusing on its core business units in enterprise information management to train agentic AI and plans to sell off non-core business units, with the first sale of the eDocs business already announced. The goal is to divest 15%-20% of overall revenue at a pace of approximately one per quarter over the next year.
- Steve Wray joined as Executive VP and CFO in October 2025, and the search for a permanent CEO is ongoing.
Nov 6, 2025, 1:30 PM
OpenText Reports Q1 FY26 Financial Results with Revenue Growth and Strategic Divestiture
OTEX
Earnings
M&A
Share Buyback
- OpenText reported total revenues of $1.288 billion for the first quarter of fiscal year 2026, a 1.5% year-over-year increase, with cloud revenues growing 6.0% year-over-year to $485 million.
- The company achieved GAAP net income of $147 million and GAAP diluted EPS of $0.58, representing 73.8% and 81.3% year-over-year increases, respectively.
- Adjusted EBITDA reached $467 million, with a 36.3% margin, and free cash flows were $101 million, a 186.4% year-over-year increase for the quarter ended September 30, 2025.
- OpenText announced the strategic divestiture of an on-premise solution (eDOCS) for US$163 million and repurchased $100 million of common shares.
- The Board declared a quarterly cash dividend of $0.275 per common share on November 4, 2025.
Nov 5, 2025, 9:02 PM
OpenText Reports Fiscal Year 2026 First Quarter Financial Results
OTEX
Earnings
Dividends
Share Buyback
- OpenText reported total revenues of $1.288 billion, a 1.5% year-over-year increase, with cloud revenues growing 6.0% year-over-year to $485 million for the first quarter ended September 30, 2025.
- The company delivered GAAP diluted EPS of $0.58 and Non-GAAP diluted EPS of $1.05, alongside a 36.3% Adjusted EBITDA margin.
- Operating cash flows reached $148 million and free cash flows were $101 million, reflecting substantial year-over-year growth of 289.9% and 186.4%, respectively.
- OpenText repurchased $100 million of common shares and declared a quarterly cash dividend of $0.275 per common share.
- Strategic initiatives include the divestiture of an on-premise solution (eDOCS) for US$163 million and the appointment of Steve Rai as EVP, Chief Financial Officer.
Nov 5, 2025, 9:01 PM
OpenText Launches Cloud Editions 25.4 with AI Innovations
OTEX
Product Launch
New Projects/Investments
- OpenText (OTEX) launched Cloud Editions (CE) 25.4 on October 14, 2025, introducing innovations designed to help organizations securely leverage their information and integrate AI.
- CE 25.4 focuses on "AI in Context," providing tools to prepare trusted enterprise data for AI consumption, deliver functional role-specific AI solutions, and ensure secure, governed, and compliant information management.
- The release includes new Aviator capabilities across various business functions, such as policy and compliance management, document classification, service management, and anomaly detection.
- OpenText is also offering a comprehensive suite of advisory and support services to assist customers in maximizing the value of CE 25.4.
Oct 14, 2025, 1:00 PM
Open Text Corporation to Divest Non-Core Unit
OTEX
M&A
New Projects/Investments
- Open Text Corporation (OTEX) has reached a definitive agreement to divest an on-premise solution (eDOCS), part of its Analytics portfolio, to NetDocuments for US$163 million in cash.
- The divested business contributed approximately $30 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 by early 2026, subject to customary approvals and closing conditions.
Oct 2, 2025, 9:59 PM
Quarterly earnings call transcripts for OPEN TEXT.
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