---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-22-000040"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T07:34:12.234283+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# OpenText Q1 revenues $852M (+7.1% CC), cloud bookings up 37%; Micro Focus deal on track

## Summary
- Total revenues $852M, up 2.4% YoY (7.1% constant currency); cloud revenue $405M, +13.5% (+16.9% CC).
- GAAP net loss ($117M) includes $181M unrealized derivative losses; non-GAAP EPS $0.77, adjusted EBITDA $304M (35.7% margin).
- Annual recurring revenues $722M, 85% of total; enterprise cloud bookings $112M, up 37% YoY.
- Declared quarterly dividend $0.24299/share, payable Dec 22, 2022 to holders of record Dec 2.
- Micro Focus acquisition expected to close in Q1 calendar 2023; shareholders approved on Oct 18, 2022.

## SEC filing metadata
- accession: 0001002638-22-000040
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263822000040/0001002638-22-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263822000040/otex-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-22-000040
- JSON: https://secwatch.observer/filing/0001002638-22-000040.json
- Plain text: https://secwatch.observer/filing/0001002638-22-000040.txt

## Key facts
- Earnings Releases
  OPEN TEXT CORP reported the quarter ended September 30, 2022 results: revenue $852 million, net income ($117) million, EPS ($0.43).
  - Period: the quarter ended September 30, 2022
  - Revenue: $852 million
  - Net income: ($117) million
  - EPS: ($0.43)
  - Result: reported results
  source text: Reported Constant Currency $852 $892 $722 $754 $405 $417 +2.4% +7.1% +4.4% +8.9% +13.5% +16.9% Annual Recurring Revenues represent 85% of Total Revenues • Total revenues of $852 million, up 2.4% Y/Y or up 7.1% in constant currency • Annual recurring revenues of $722 million, up 4.4% Y/Y or up 8.9% in constant currency, a record 85% of total revenues • Cloud
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263822000040/0001002638-22-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.