OpenText Core Cloud Revenue Jumps 11% as Total Sales Fall 4%
Waterloo – November 05, 2026 -- OpenText posted $339 million in Core Cloud Revenues for the first quarter of fiscal 2027, up 11.2% year over year, while total revenues fell 4.0% to $1.237 billion. Adjusted EBITDA reached $442 million, a 35.8% margin, for the quarter ended September 30, 2026.
Core business grows while divestitures weigh on the top line
Core Revenues rose 2.4% to $864 million, or 2.7% in constant currency. Core Cloud Revenues grew 11.7% in constant currency. Total revenues declined 1.7% in constant currency excluding divestitures.
Total cloud revenues came in at $505 million, up 4.3%, marking 23 consecutive quarters of organic cloud growth. Annual recurring revenues stood at $1.040 billion.
GAAP net income climbs 5.9% to $155 million
GAAP net income rose 5.9% to $155 million, a 13% margin, with diluted EPS of $0.64. Non-GAAP net income fell 4.5% to $254 million, or $1.05 per diluted share.