Open Text Corporation (OTEX) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and OpenText published the results on November 5, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. OpenText reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• OpenText's fiscal year ends June 30, so Q1 fiscal 2027 is the quarter ended September 30, 2026.
• OpenText sold its eDOCS business on January 12, 2026 and Vertica on May 11, 2026. Divested revenues were $28.5 million in Q1 fiscal 2026 and nil in Q1 fiscal 2027.
• In Q1 fiscal 2027 OpenText reclassified its product categories, adding a Portfolio category, and recast prior periods. Consolidated revenue, earnings and EPS were not affected.

Source: OpenText Q1 fiscal 2027 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How OpenText splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• OpenText's Cloud services and subscriptions revenue was $506 million in Q1 fiscal 2027, up 4% from $485 million in Q1 fiscal 2026, 41% of total revenue.
• OpenText's Client support revenue was $534 million in Q1 fiscal 2027, down 9% from $587 million in Q1 fiscal 2026, 43% of total revenue.
• OpenText's License revenue was $124 million in Q1 fiscal 2027, down 8% from $135 million in Q1 fiscal 2026, 10% of total revenue.
• OpenText's Professional service and other revenue was $73.2 million in Q1 fiscal 2027, down 11% from $82.2 million in Q1 fiscal 2026, 6% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP figures, each as first reported in that quarter's release. OpenText prints revenue in thousands; it is rounded here to one decimal in millions.

OpenText's next report is expected around February 4, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 5, 2026

OpenText's total revenues were $1,236.6 million in Q1 fiscal 2027, the quarter ended September 30, 2026, down 4.0% from $1,288.1 million and down 1.7% in constant currency excluding divestitures. Annual recurring revenues, the sum of cloud services and subscriptions and client support, were $1,040 million. Cloud services and subscriptions grew 4.3% to $505 million while client support fell 9.0% to $534 million. License revenue fell 8.0% to $124 million and professional service and other 11.0% to $73 million. (OpenText Q1 FY27 release, Nov 5, 2026)

Part of OpenText's decline comes from divestitures. It sold eDOCS on January 12, 2026 and Vertica on May 11, 2026, and those businesses contributed $28.5 million in the year-ago quarter, $21.6 million from Vertica and $6.9 million from eDOCS. Core revenues, which cover Content, Business Network, ITOM and Cybersecurity (Enterprise), were $864 million, up 2.4%, and core cloud revenues were $339 million, up 11.2%. (OpenText Q1 FY27 release, Nov 5, 2026; OpenText Form 10-Q, Q1 FY27, Nov 5, 2026)

OpenText added a Portfolio category in Q1 fiscal 2027 for mature, non-core products that are mainly on-premise, and recast prior periods. Content is the largest category at $523.0 million, against $477.9 million. Business Network brought in $160.9 million, Cybersecurity (SMB & Consumer) $127.7 million, Portfolio $119.8 million and ADM $104.0 million. (OpenText Form 10-Q, Q1 FY27, Nov 5, 2026)

By the location of the direct end client, OpenText's revenue came $703.4 million from the Americas, $422.4 million from EMEA and $110.9 million from Asia Pacific, all lower than a year earlier. Key wins named in the release included Workplace Safety & Insurance Board in the Americas and Commerz Real AG, Gruppo CAP, Insurance Australia Group and Sumitomo Electric Wiring Systems elsewhere. (OpenText Form 10-Q, Q1 FY27, Nov 5, 2026; OpenText Q1 FY27 release, Nov 5, 2026)

OpenText's GAAP diluted EPS rose 10.3% to $0.64 from $0.58, and GAAP net income attributable to OpenText rose 5.9% to $155 million. Non-GAAP EPS was flat at $1.05. Lower amortization of acquired client-based intangible assets ($56.1 million, from $79.6 million) and lower interest expense ($67.9 million, from $81.1 million) helped GAAP earnings. (OpenText Q1 FY27 release, Nov 5, 2026)

OpenText's non-GAAP EPS adds back $0.41 per share. The adjustments exclude amortization of acquired intangibles ($42.8 million technology-based and $56.1 million client-based), special charges of $33.3 million and share-based compensation, and remove other income of $16.1 million. Special charges included $22.3 million under the Business Optimization Plan, which covers workforce reductions and facility costs, and $4.6 million of divestiture-related costs. (OpenText Q1 FY27 release, Nov 5, 2026; OpenText Form 10-Q, Q1 FY27, Nov 5, 2026)

OpenText's effective tax rate was 22.0%, against 21.1% a year earlier. Diluted weighted average shares fell to 242,087 thousand from 253,772 thousand. OpenText repurchased and cancelled 980,700 shares for $23.4 million in the quarter, against 3,156,323 shares for $102.0 million a year earlier, and declared a quarterly dividend of $0.280 per share. (OpenText Form 10-Q, Q1 FY27, Nov 5, 2026; OpenText Q1 FY27 release, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

OpenText's Q1 fiscal 2027 release contains no revenue or earnings outlook. The release says the outcome of its enterprise assessment, a review of every part of the business including go-to-market, portfolio and execution model, will be discussed at an Investor Day on February 10, 2027 in Toronto, along with the company's strategic priorities, growth initiatives and financial framework. (OpenText Q1 FY27 release, Nov 5, 2026; OpenText Form 10-Q, Q1 FY27, Nov 5, 2026)

After the quarter, OpenText issued $500 million of 6.70% senior secured notes due 2031 and $500 million of 7.15% notes due 2033 to redeem its $1.0 billion of 2027 notes, and bought back $300 million of its 2028 notes in a tender offer. It says it has reduced debt by approximately $949 million over the past twelve months and put its net leverage ratio at 2.55x at September 30, 2026. (OpenText Form 10-Q, Q1 FY27, Nov 5, 2026; OpenText Q1 FY27 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover OpenText, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones OpenText's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning OTEX is on is OTEX a buy or a sell?, what analysts expect next is on the OTEX forecast, and what the company does is on the Open Text Corporation (OTEX) stock page.

Every number on this page can be traced to a document OpenText published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.