The earnings call presented a mix of achievements and challenges. While the company achieved record Q1 bookings and maintained strong adjusted EBITDA, it faced subdued cloud revenue growth and reported negative cash flows due to one-time tax payments. The outlook for the second half of the fiscal year is optimistic, driven by new product innovations and strategic investments.

Company Guidance

During the Q1 2025 earnings call, OpenText provided optimistic guidance for the upcoming quarters, emphasizing its strategic focus and expected growth drivers. The company reported Q1 revenues of $1.27 billion, aligning well within its projected range of $1.25 billion to $1.3 billion. Notably, cloud revenue was $457 million, marking the 15th consecutive quarter of organic growth, albeit a modest increase of 1.3%. The adjusted EBITDA rose impressively to 35%, reflecting operational efficiencies, while the adjusted EPS exceeded expectations at $0.93. Looking ahead, OpenText reaffirmed its fiscal 2025 targets with an anticipated revenue range of $5.3 billion to $5.4 billion, and adjusted EBITDA margins between 33% and 34%. The company also expects total revenues for Q2 to fall between $1.29 billion and $1.34 billion, buoyed by strong enterprise cloud bookings and a solid pipeline. Additionally, OpenText has been actively repurchasing shares, having bought back 7.72 million shares at an average price of $30.43 over the last two quarters. The company is leveraging its Titanium X platform and strategic investments in AI and security to drive growth, while maintaining a strong focus on capital returns, targeting a record $570 million in returns through dividends and share buybacks for the year.

Record Q1 Enterprise Cloud Bookings

Q1 achieved the largest Q1 of enterprise cloud bookings in the company's history, up 10% year-over-year and up 53% over 3 years.

Consistent Cloud Growth

Q1 marked the 15th consecutive quarter of organic growth in the cloud business, with revenues up 1.3%.

Strong Adjusted EBITDA Performance

Adjusted EBITDA reached 35% in Q1, reflecting sustained efficiency gains and operational focus.

Successful Share Buyback

Over the last two quarters, 7.72 million shares were purchased and canceled at an average price of $30.43.

AI and Security Innovations

Introduction of Titanium X, a next-generation autonomous information management platform powered by AI and security, promising to enhance competitive advantage.

---

Open Text (TSE:OTEX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:OTEX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 02, 2018	2018 (Q4)	- / 0.94	0.759	23.19% (+0.18)	―	―
Oct 31, 2018	2019 (Q1)	- / 0.79	0.69	14.06% (+0.10)	―	―
Jan 31, 2019	2019 (Q2)	- / 1.05	0.933	12.33% (+0.11)	―	―
May 01, 2019	2019 (Q3)	- / 0.86	0.692	24.42% (+0.17)	―	―
Aug 01, 2019	2019 (Q4)	- / 0.95	0.935	1.93% (+0.02)	―	―
Oct 31, 2019	2020 (Q1)	- / 0.84	0.787	6.86% (+0.05)	―	―
Jan 30, 2020	2020 (Q2)	- / 1.11	1.048	6.01% (+0.06)	―	―
Apr 30, 2020	2020 (Q3)	- / 0.86	0.861	-0.23% (>-0.01)	―	―
Aug 06, 2020	2020 (Q4)	- / 1.07	0.953	12.38% (+0.12)	―	―
Nov 05, 2020	2021 (Q1)	- / 1.16	0.841	37.93% (+0.32)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

TSE:OTEX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	C$46.59	C$41.40	-11.13%
Aug 01, 2024	C$41.56	C$38.85	-6.53%
May 02, 2024	C$47.32	C$40.34	-14.75%
Feb 01, 2024	C$57.18	C$56.14	-1.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---