OpenText Reports First Quarter Fiscal Year 2027 Financial Results
OpenText reported Q1 FY27 total revenues of $1.237 billion, down 4.0% year-over-year, with GAAP EPS of $0.64 (+10.3%) and flat non-GAAP EPS of $1.05. The bright spots were core metrics: Core Revenues grew 2.4%, Core Cloud Revenues rose 11.2%, and cloud revenue growth hit its 23rd consecutive quarter, while free cash flow jumped 36.8% to $139 million. Management highlighted a completed $1.0 billion senior secured notes refinancing and a $300M tender-offer paydown, cutting debt by roughly $949 million over twelve months and bringing net leverage to 2.55x.
Key figures
- Eps
- 0.64
- Revenue
- 1236634000
- Guidance
- No formal guidance in release; investor day on February 10, 2027 to discuss Enterprise Assessment, strategic priorities, and financial framework
- Revenue Yoy
- -4.0%
- Arr
- $1.040 billion
- Fcf yoy
- +36.8%
- Non gaap eps
- 1.05
- Core revenues
- $864 million
- Cloud revenues
- 505469000
- Free cash flow
- 138517000
- Adjusted ebitda
- 442432000
- Gaap net income
- 155247000
- Non gaap eps yoy
- 0%
- Core revenues yoy
- +2.4%
- Cloud revenues yoy
- 4.3%
- Debt reduction ttm
- $949 million
- Dividend per share
- 0.28
- Net leverage ratio
- 2.55x
- Core cloud revenues
- $339 million
- Non gaap net income
- 254353000
- Operating cash flow
- 172273000
- Adjusted ebitda margin
- 35.8%
- Core cloud revenues yoy
- +11.2%
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