---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-23-000010"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T01:38:11.956208+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OpenText Q2 FY23 record revenue $897M (+2.4% YoY); cloud rev $409M (+12%); closes Micro Focus acquisition

## Summary
- GAAP net income $258M (+192.7% YoY); diluted EPS $0.96; non-GAAP diluted EPS $0.89.
- Adjusted EBITDA $341M (38.0% margin); TTM adjusted EBITDA $1,243M (35.2% margin).
- Enterprise cloud bookings $144.7M (+12% YoY); cloud revenue $409M (+12% YoY, +16% constant currency).
- Closed Micro Focus acquisition on Jan 31, 2023; $1B senior secured notes and $3.585B term loan completed.
- Quarterly dividend of $0.24299 per share declared, payable March 23, 2023 to holders of record March 3, 2023.

## SEC filing metadata
- accession: 0001002638-23-000010
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000010/0001002638-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000010/otex-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-23-000010
- JSON: https://secwatch.observer/filing/0001002638-23-000010.json
- Plain text: https://secwatch.observer/filing/0001002638-23-000010.txt

## Key facts
- Earnings Releases
  OPEN TEXT CORP reported the quarter ended December 31, 2022 results: revenue $897 million, net income $258 million, EPS $0.96.
  - Period: the quarter ended December 31, 2022
  - Revenue: $897 million
  - Net income: $258 million
  - EPS: $0.96
  - Result: reported results
  source text: Total revenues of $897 million, up 2.4% Y/Y or up 7.8% in constant currency • Annual recurring revenues (ARR) of $725 million, up 3.6% Y/Y or up 8.7% in constant currency • Cloud revenues of $409 million, up 12.0% Y/Y or up 16.0% in constant currency • Eight consecutive quarters of cloud organic and ARR organic growth in constant currency • Strong quarterly enterprise cloud bookings (1) of $144.7 million, up 12% Y/Y • Operating cash flows of $195 million and free cash flows (3) of $163 million • TTM operating cash flows (2) of $903 million and TTM free cash flows (2)(3) of $778 million • GAAP-based net income of $258 million, up 192.7% Y/Y, margin of 28.8%, up 1,870 basis points Y/Y, including $172 million of pretax unrealized gains on mark-to-market valuations related to derivative transactions in connection with the Micro Focus acquisition • Adjusted EBITDA (3) of $341 million, margin of 38.0% and TTM Adjusted EBITDA (2)(3) of $1,243 million, margin of 35.2% • GAAP-based diluted earn
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000010/0001002638-23-000010-index.htm

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