Open Text Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 5, 2026, reporting first-quarter fiscal 2027 financial results including net income of $155.3 million attributable to OpenText.

Key Highlights

  • Total revenues: $1,236,634 thousand for the three months ended September 30, 2026, compared with $1,288,135 thousand in the same period a year earlier.
  • Net income attributable to OpenText: $155,247 thousand, up from $146,616 thousand in the prior-year quarter.
  • Earnings per share: Both basic and diluted EPS attributable to OpenText were $0.64, compared with $0.58 in the prior-year period.
  • Cloud services and subscriptions revenue: $505,469 thousand, up from $484,509 thousand in the prior-year quarter.
  • Total assets: $12,923,764 thousand as of September 30, 2026, versus $13,106,504 thousand as of June 30, 2026.
  • Long-term debt: $5,730,527 thousand as of September 30, 2026.
  • Shares outstanding: 241,539,906 Common Shares as of October 30, 2026, according to the filing.

Open Text First Quarter Fiscal 2027 Financial Results

According to the filing, Open Text Corporation (NASDAQ:OTEX) reported total revenues of $1,236,634 thousand for the three months ended September 30, 2026, a decrease from $1,288,135 thousand in the comparable prior-year period. Cloud services and subscriptions, the largest single revenue line, grew to $505,469 thousand from $484,509 thousand year over year. Client support revenue declined to $534,111 thousand from $586,845 thousand, while license revenue fell to $123,847 thousand from $134,548 thousand. Professional service and other revenue was $73,207 thousand, compared with $82,233 thousand a year earlier.

The company disclosed gross profit of $905,528 thousand for the quarter, down from $937,516 thousand in the prior-year period. Income from operations was reported at $250,811 thousand, compared with $269,949 thousand a year ago. Special charges of $33,290 thousand were recorded in the quarter, up from $20,139 thousand in the same period of the prior year. Net income for the quarter was $155,300 thousand in total, with $155,247 thousand attributable to OpenText after deducting the $53 thousand attributable to non-controlling interests.

On the balance sheet, the filing reported cash and cash equivalents of $983,292 thousand as of September 30, 2026, compared with $956,024 thousand as of June 30, 2026. Retained earnings stood at $2,089,829 thousand, up from $2,016,086 thousand at the prior fiscal year-end. Total shareholders' equity was $4,110,940 thousand. Goodwill was reported at $7,326,605 thousand, and acquired intangible assets were $1,376,131 thousand. The weighted average number of Common Shares outstanding on a basic basis was 242,012 thousand, versus 253,645 thousand in the prior-year quarter.

What Was Disclosed

Open Text filed its quarterly report for the period ended September 30, 2026, disclosing income statement, balance sheet, and cash flow data for the first fiscal quarter of 2027, including revenues of $1,236,634 thousand and net income attributable to OpenText of $155,247 thousand.