OpenText reports Q1 non-GAAP EPS $1.05, consensus 99c

Reports Q1 revenue $1.29B, consensus $1.27B. “OpenText (OTEX) performed well in the quarter, driven by growth in our Content Management cloud business. The strength of the OpenText operating model continues to drive the business towards meeting our margin targets for Fiscal 2026,” said James McGourlay, Interim CEO. “We are strengthening our position at the forefront of Information Management for AI, and we look forward to showcasing our exciting innovation roadmap at our upcoming OpenText World User Conference in Nashville.” “OpenText delivered strong margin and free cash flow performance in the quarter. The Company’s Business Optimization Plan is well underway, and will drive operational efficiencies across the organization,” said Steve Rai, CFO. “We have tremendous scale and the capital flexibility to continue investing for growth to ensure OpenText is well positioned to lead the Information Management for AI market.”