Open Text Corporation (OTEX) Earnings Call Transcripts
Open Text Corporation's Latest Earnings Call - Q3 FY2026
In the third quarter of fiscal 2026, OpenText Corporation (OTEX) reported total revenues of approximately $1.28 billion, exceeding expectations, driven by a 6.6% year-on-year growth in cloud revenue. Adjusted EPS reached $1.01, marking the highest in Q3 company history. Management maintained its fiscal year revenue guidance of 1% to 2% growth but raised cloud revenue growth expectations from 3%-4% to 4%-5%, reflecting strong demand for cloud services and AI solutions. The company also increased its free cash flow growth outlook from 17%-20% to 22%-25% year-on-year.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $1.28 billion (beat) |
| Adjusted EPS | $1.01 (beat) |
| Cloud Revenue | $493 million (beat) |
| Free Cash Flow | $305 million (miss) |
| Year-to-Date Free Cash Flow | $686 million (positive) |
| GAAP Net Income | $173 million (positive) |
Guidance from management
Management maintained its fiscal 2026 revenue growth guidance of 1%-2% but raised cloud revenue growth expectations to 4%-5% and free cash flow growth outlook to 22%-25%.
What management said
Maybe I'll start. It's Steve Rai. Obviously, in terms of that level of granularity, we don't typically provide that. Now, in terms of sort of general demand and approach and kind of attach rates to it, I'll let James comment on that further.
Thanks, Steve. I think as Steve points out, we don't comment specifically on the attach rates or numbers, but we are seeing an increase in both the deals and the size of deals that are closing. We're seeing larger deals being closed with our Aviator. The deal size is larger. We're seeing larger deals. We closed a deal this quarter. It was a 7-figure deal with Aviator included. That was a major component there. We are...
What analysts pressed on
Analysts expressed concerns regarding the impact of geopolitical uncertainties on client spending and the timing of divestitures. There were also questions about the competitive landscape and the pace of cloud migration among existing clients.
Main topics on the call
- Cloud Revenue Growth — OpenText's cloud revenue reached $493 million, up 6.6% year-on-year, with content cloud revenue growing 22% year-on-year. Management noted, "Q3 cloud revenue of $493 million is the highest in the company history."
- Adjusted EPS Performance — The company reported adjusted EPS of $1.01, the highest for Q3 in company history, reflecting strong operational performance. This was a 23.2% increase year-on-year.
- Guidance Adjustments — Management maintained its fiscal 2026 revenue guidance of 1%-2% growth but raised cloud revenue growth expectations to 4%-5%. They stated, "We are also increasing our enterprise cloud bookings growth range from 12%-16% t...
- Free Cash Flow Improvement — Free cash flow for the quarter was reported at $305 million, down 18.4%, but year-to-date free cash flow increased to $686 million, up from $563 million last year. Management highlighted a revised growth outlook for free...
Read the full Open Text Corporation transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Open Text Corporation
Open Text Corporation (OTEX) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 49 calls on record spanning January 30, 2020 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 49 Open Text Corporation earnings call transcripts on record, spanning January 30, 2020 to August 6, 2026. Based on this history, Open Text Corporation reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- OTEX
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 49
- First call
- January 30, 2020
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly