OPEN TEXT CORP earnings

OpenText finished Fiscal 2026 with fourth-quarter revenue of $1.35 billion, up 2.9% from the prior-year quarter. GAAP operating income of $319.7 million rose 76.1%, and GAAP net income of $155.7 million rose 439.9%.

OpenText reported fiscal 2026 third quarter revenue of $1,282.5 million, up 2.2% from the prior-year quarter. Strip out a favourable $54.6 million swing from foreign exchange rates and the top line was down 2.1%. Gross margin improved to 73.1%, up 1.5 percentage points, and gross profit rose 4.3% to $937.27 million.

OpenText turned in a low-growth second quarter of fiscal 2026 with a weaker bottom line. Total revenues were $1.33 billion, down 0.6% from the prior-year quarter.

OpenText opened fiscal 2026 with $1.29 billion of total revenue in the quarter ended September 30, 2025, up 1.5% from the same quarter a year earlier. Currency flattered the top line. After a favourable $27.3 million foreign exchange impact, total revenue was down 0.6% on a constant currency basis.

Open Text closed Fiscal 2025 with fourth-quarter revenue of $1.31 billion, down 3.8% from $1.36 billion in the prior-year quarter. The full year was weaker: total revenue of $5.17 billion fell 10.4% from $5.77 billion.

OpenText's fiscal 2025 third quarter produced total revenue of $1,254.4 million, down 13.3% from the prior-year quarter. Two forces drove the decline. The AMC divestiture removed $133.5 million of revenue that had been in the year-ago period, and foreign exchange cost another $21.0 million.

OpenText's fiscal 2025 second quarter delivered lower reported revenue alongside much stronger GAAP profitability. Total revenue was $1.335 billion, down 13.1% from the prior-year quarter. The AMC divestiture explains much of that decline.

OpenText's fiscal 2025 first quarter results carry the imprint of the AMC divestiture. Total revenue fell 11.0% to $1.27 billion from $1.43 billion in the prior-year quarter, and the company said the decline was 1.8% when adjusted for the divestiture.

OpenText closed Fiscal 2024 with a fourth quarter reshaped by the May 1 completion of the AMC divestiture. Total revenue fell 8.6% to $1.36 billion from $1.49 billion in the prior-year quarter, as the divested business stopped contributing. Profitability moved the other way.

OpenText closed the March 2024 quarter with total revenues of $1.447 billion, up 16.3% from the prior-year quarter and up 16.0% in constant currency. Annual recurring revenues reached $1.146 billion, up 13.3% year over year, and represented 79% of total revenues. Cloud revenues were $455 million, up 4.4%.

OpenText reported record total revenues of $1.53 billion in the fiscal 2024 second quarter, up 71.0% from $897.44 million a year earlier.

OpenText closed the first quarter of fiscal 2024 with record Q1 total revenues of $1.425 billion, up 67.3% from the prior-year quarter, or 65.4% in constant currency.

OpenText closed Fiscal 2023 with a quarter reshaped by the Micro Focus acquisition, which closed on January 31, 2023. Fourth quarter revenue was $1.49 billion, up 65.2% from $902.45 million in the prior-year quarter.

OpenText's fiscal 2023 third quarter was defined by the Micro Focus acquisition, which closed on January 31, 2023 for $6.2 billion, including cash and repayment of Micro Focus debt. Reported results include Micro Focus only from February 1 through March 31, 2023.

OpenText reported FY2023 Q2 revenue of $897.44 million, up 2.4% from the prior-year quarter. The top line rose 7.8% in constant currency after the company absorbed a $47.5 million unfavorable foreign exchange impact. Cloud services and subscriptions revenue grew 12.0% year over year, or 16.0% in constant currency.

OpenText posted total revenue of $852.0 million in the first quarter of fiscal 2023, up 2.4% from the prior-year quarter, or up 7.1% in constant currency. Cloud services and subscriptions revenue reached $404.7 million, up 13.5% year over year and up 16.9% in constant currency, driven by increased cloud consumption.

OpenText closed fiscal 2022 with fourth-quarter total revenue of $902.45 million, up 1.0% from the prior-year quarter. Gross profit rose to $633.79 million, up 1.9%, and gross margin reached 70.2%, up 0.6 percentage points. The bottom line moved the other way.

OpenText posted record fiscal third-quarter revenue of $882.3 million, up 5.9% from the prior-year quarter and up 8.0% in constant currency. Cloud services and subscriptions did the heavy lifting, with revenue growth of 13.0%, or 14.3% in constant currency.

OpenText reported record second-quarter revenue for the period ended December 31, 2021. Total revenue was $876.8 million, up 2.5% year over year. Cloud services and subscriptions revenue reached $364.9 million, up 4.1%, and now accounts for 41.6% of the total.

Open Text Corporation reported first quarter fiscal 2022 total revenue of $832.3 million, up 3.5% from the prior-year quarter. On a constant currency basis, total revenues rose 2.0%. Annual recurring revenue reached $691.8 million, up 3.2%, and accounted for 83% of total revenues.

OpenText reported fiscal 2021 fourth quarter revenue of $893.5 million, up 8.1% from the prior-year quarter. Constant currency growth was 4.0%. The recurring base carried the quarter, with annual recurring revenue representing 78% of total revenues, and for the full fiscal year that share was 81%.

OpenText closed the third quarter of fiscal 2021 with total revenues of $832.9 million, up 2.2% from $814.7 million a year earlier. Cloud services and subscriptions set a record at $355.8 million, up 4.8%.

OpenText reported total revenue of $855.6 million for the quarter ended December 31, 2020, up 10.9% from the prior-year quarter. Cloud services and subscriptions revenue reached $350.5 million, up 41.1%, and total annual recurring revenue hit a record $684.9 million, up 21.5%, now 80% of the top line.

OpenText opened fiscal 2021 with record recurring revenue, sharply higher profit and its strongest cash generation in years. Total revenue for the quarter ended September 30, 2020 reached $804.0 million, up 15.4% from $696.9 million in the same quarter a year earlier.