---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-23-000015"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:07:14.449085+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OpenText Q3 FY2023: Revenue $1.24B (+41% Y/Y), ARR $1.01B, Cloud $435M; Dividend declared $0.24299/share

## Summary
- Total revenues of $1.245B, up 41.1% Y/Y; ARR of $1.011B, up 37.7% Y/Y (81% of total revenue).
- Cloud revenues $435M, up 8.3% Y/Y; enterprise cloud bookings $108M, flat Y/Y.
- GAAP net income $58M ($0.21 EPS) down 22.9% Y/Y; Non-GAAP diluted EPS $0.73.
- Adjusted EBITDA $365M (29.3% margin); TTM free cash flows $778M.
- Board declares dividend $0.24299/share payable June 23, 2023, record June 2, 2023.

## SEC filing metadata
- accession: 0001002638-23-000015
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000015/0001002638-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000015/otex-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-23-000015
- JSON: https://secwatch.observer/filing/0001002638-23-000015.json
- Plain text: https://secwatch.observer/filing/0001002638-23-000015.txt

## Key facts
- Earnings Releases
  OPEN TEXT CORP reported third quarter ended March 31, 2023 results: revenue $1.24 billion, net income $58 million, EPS $0.21.
  - Period: third quarter ended March 31, 2023
  - Revenue: $1.24 billion
  - Net income: $58 million
  - EPS: $0.21
  - Result: reported results
  source text: Fiscal 2023 Third Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $1,245 $1,278 $1,011 $1,036 $435 $444 +41.1% +44.9% +37.7% +41.1% +8.3% +10.4% Annual Recurring Revenues represent 81% of Total Revenues • Total revenues of $1.24 billion, up 41.1% Y/Y or up 44.9% in constant currency • Annual Recurring Revenues (ARR) of $1.01 billion, up 37.7% Y/Y or up 41.1% in constant currency • Cloud revenues of $435 million, up 8.3% Y/Y or up 10.4% in constant currency • Nine consecutive quarters of cloud organic and ARR organic growth in constant currency • Quarterly enterprise cloud bookings (1) of $108 million, constant Y/Y • Operating cash flows of $337 million and free cash flows (3) of $306 million • TTM operating cash flows (2) of $916 million and TTM free cash flows (2)(3) of $778 million • GAAP-based net income of $58 million, down 22.9% Y/Y,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000015/0001002638-23-000015-index.htm

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