OpenText reports Q2 non-GAAP EPS $1.11, consensus 93c

Reports Q2 revenue $1.335B, consensus $1.32B. “OpenText’s (OTEX) Q2 results demonstrate the strength of our operating model, delivering $501M of adjusted EBITDA, and 37.6% adjusted EBITDA margin, and generating $307M of Free Cash Flows. The company’s top priorities remain total growth, competitive advantage, margin expansion and FCF, while producing upper quartile capital returns,” said Mark Barrenechea, CEO & CTO. “By helping customers adapt to the new world of multi-cloud, we are making their businesses more resilient and future-ready. Our next generation platform Titanium X (Cloud Editions 25.2) is on target for Q4 delivery. With Titanium X as our foundation, we are empowering organizations to seamlessly integrate cloud, security, and AI, helping them adapt and thrive in this dynamic ecosystem.” “OpenText generated solid adjusted EBITDA margin this quarter, reflecting our continued focus on operational discipline, efficiency and margin expansion,” said CFO Madhu Ranganathan. “Our initiatives to drive efficiencies across the business and our execution in the second half of FY25 will put us in a position to deliver a strong FY26.”