Open Text Corporation Q1 2027 Earnings Recap

OpenText shares fell 1.8% after earnings, a roughly flat reaction. The company reported modest core growth and higher cloud revenue, while its multiyear growth plan remains under development and is due to be presented in February.

Key Takeaways

• Core business revenue grew 2.7% year over year in constant currency; core cloud revenue grew 11.7%.
• Adjusted EBITDA margin was 35.1% in constant currency.
• Management said Q1 was in line with the outlook shared in August.
• The enterprise assessment is shaping a multiyear growth plan, with details scheduled for the February 10 Investor Day.
• All 300 client executive roles in the new go-to-market model are filled, according to management.