Quarterly ResultMay 7, 2026, 04:10 PM
OpenText Q3 Revenue $1.28B, Cloud Revenue +6.6%; Declares $0.275 Dividend
AI Summary
Open Text Corporation reported its financial results for the third quarter ended March 31, 2026, with total revenues of $1.28 billion, a 2.2% increase year-over-year. Cloud revenues grew by 6.6% year-over-year to $493 million, marking 21 consecutive quarters of cloud organic growth. The company also declared a quarterly cash dividend of $0.275 per common share and highlighted strong profitability and capital returns, including $247 million in share repurchases. Ayman Antoun officially joined as CEO on April 20, 2026.
Key Highlights
- Ayman Antoun officially joined as OpenText CEO effective April 20, 2026.
- Total revenues reached $1.283 billion, up 2.2% year-over-year.
- Cloud revenues grew 6.6% year-over-year to $493 million, marking 21 consecutive quarters of cloud organic growth.
- GAAP net income was $173 million, an 86.0% increase year-over-year.
- Adjusted EBITDA was $438 million, with a margin of 34.1%.
- GAAP diluted EPS was $0.70, up 100.0% year-over-year.
- Operating cash flows were $355 million and free cash flows were $305 million.
- Board declared a cash dividend of $0.275 per common share, payable June 19, 2026.
- Repurchased and cancelled 9.7 million shares in Q3, a 6.7% reduction year-over-year.