Quarterly ResultMay 7, 2026, 04:13 PM
OpenText Q3 Net Income $172.7M, EPS $0.70; Vertica Divestment Progress
AI Summary
OpenText reported strong financial results for the third quarter and nine months ended March 31, 2026, with significant increases in net income and diluted EPS. The company's total revenues and cloud services and subscriptions revenue also saw growth. Additionally, OpenText is progressing with the divestiture of its Vertica business, reclassifying related assets and liabilities as held for sale and recognizing a substantial gain from the divestiture.
Key Highlights
- Net income attributable to OpenText for Q3 2026 was $172.7 million, up 86% YoY.
- Diluted EPS for Q3 2026 was $0.70, a 100% increase from $0.35 in Q3 2025.
- Total revenues for Q3 2026 reached $1,282.5 million, a 2.2% increase YoY.
- Cloud services and subscriptions revenue grew 6.5% YoY to $492.9 million in Q3 2026.
- Net cash provided by operating activities for the nine months was $821.0 million, up 22.1% YoY.
- Assets held for sale, including Vertica business, totaled $176.8 million as of March 31, 2026.
- The company recognized a $64.3 million gain on divestiture for the nine months ended March 31, 2026.