Open Text's strategic pivot toward higher-margin cloud and support revenue has driven gross margins from 63.0% to 73.7% and operating margins to 20.6%, yet top-line growth remains muted at 3.0% in the latest quarter.
Price trend, volume and key moving averages
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Revenue growth has been erratic, with a modest 3.0% rebound in 2026Q4, while gross margin expanded from 63.0% to 73.7% and operating margin improved to 20.6%, indicating a favorable mix shift and cost discipline.
Faster-than-expected synergy capture could drive EPS growth towards 8-10%, with cost synergies being the most sensitive variable.
Deep dive into OpenText's financial health, including fundamental analysis and smart money sentiment, is recommended before investment.
OpenText offers tech exposure in the Canadian market, though competitors like SAP or Salesforce may present clearer narratives.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $1.05+11.7% vs $0.94 | $1.2B+1.1% vs $1.2B |
Q3 2026 Aug 6, 2026 | $1.23+20.6% vs $1.02 | $1.3B+3.0% vs $1.3B |
Q2 2026 May 7, 2026 | $1.01+11.7% vs $0.90 | $1.3B+0.6% vs $1.3B |
Q1 2026 Feb 5, 2026 | $1.13+8.7% vs $1.04 | $1.3B+1.7% vs $1.3B |
Open Text NASDAQ: OTEX reported fiscal first-quarter revenue of $1.237 billion and maintained its full-year outlook, as growth in cloud products helped offset declines in client support, licensing and professional services revenue.
Open Text Corporation ( OTEX ) Q1 2027 Earnings Call November 5, 2026 8:00 AM EST Company Participants Greg Secord - Vice President of Investor Relations Ayman Antoun - CEO & Director Steve Rai - Executive VP & CFO Conference Call Participants Thanos Moschopoulos - BMO Capital Markets Equity Research Raimo Lenschow - Barclays Bank PLC, Research Division Kevin Krishnaratne - Scotiabank Global Banking and Markets, Research Division Paul Treiber - RBC Capital Markets, Research Division David Kwan - TD Cowen, Research Division Stephanie Price - CIBC Capital Markets, Research Division Steven Enders - Citigroup Inc., Research Division Presentation Operator Thank you for standing by. This is the conference operator.
Core Revenues growth of 2% Y/Y, and Core Cloud Revenues growth of 11% Y/Y Delivers Net Income Margin of 13%, Robust Adjusted EBITDA Margin of 35.8% Fiscal 2027 First Quarter Highlights (in millions)(1) Total Revenues CloudRevenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flow $1,237 $505 $155 $442 $0.64 $1.05 $172 $139 -4.0% Y/Y +4.3% Y/Y 12.6% margin 35.8% margin +10.3% Y/Y —% Y/Y +16.6% Y/Y +36.8% Y/Y WATERLOO, ON, Nov. 5, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the first quarter ended September 30, 2026. "Our first quarter reflects the strength of our core portfolio and the value we deliver for clients," said Ayman Antoun, OpenText CEO.
Pegasystems (NASDAQ: PEGA - Get Free Report) and Open Text (NASDAQ: OTEX - Get Free Report) are both mid-cap technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, earnings, valuation, institutional ownership, dividends, analyst recommendations and profitability. Volatility and Risk Pegasystems has a beta of
Benchmark OTEX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Open Text Corporation (OTEX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $24.85 | $6.03B | 9.63 | 1.51% | 12.26% | 16.18% | 4.33% | |
| $530.61 | $3.94T | 27.70 | 17.79% | 41.17% | 33.21% | 0.67% | |
| $245.00 | $230.82B | 20.91 | 7.62% | 15.99% | 32.72% | 2.69% | |
| $41.95 | $5.81B | 50.33 | 7.99% | 9.45% | 217.31% | 0.24% | |
| $72.48 | $8.47B | 242.65 | 15.48% | 3.11% | 4.27% | — | |
| $252.78 | $14.96B | 69.72 | 3.75% | 18.41% | 96.99% | — |
Open Text Corporation (OTEX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Open Text Corporation (OTEX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jul 17, 2026·SEC
May 11, 2026·SEC
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Open Text Corporation (OTEX) stock FAQ — growth, dividends, profitability & financials explained
Open Text Corporation (OTEX) reported $5.25B in revenue in fiscal year 2026. That is 23114% more than the $22.6M of fiscal year 1997.
Open Text Corporation (OTEX) grew revenue by 1.5% in fiscal year 2026, compared with the prior fiscal year.
Yes. Open Text Corporation (OTEX) earned $643.0M in net income in fiscal year 2026 (a 12.3% net margin).
Yes. Open Text Corporation (OTEX) pays a dividend that yields 4.33% at the current price, a high yield.
Open Text Corporation (OTEX) had a return on equity (ROE) of 16.2% in fiscal year 2026. That is above the market's typical 10-15%.
Open Text Corporation (OTEX) generated $807.5M in free cash flow in fiscal year 2026.
