---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-23-000021"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T06:53:30.009178+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OpenText reports record FY2023 revenue $4.5B (+28% YoY); GAAP EPS $0.56, Non-GAAP $3.29

## Summary
- FY2023 total revenues $4.5B (+28.4% YoY); ARR $3.6B (81% of total); cloud rev $1.7B (+10.8%).
- FY2023 GAAP net income $150M (-62.1% YoY); GAAP dil EPS $0.56; Non-GAAP dil EPS $3.29.
- Q4 FY2023 total rev $1.49B (+65.2% YoY); GAAP net loss ($49M) from acquisition costs; Adj EBITDA $463M (31.0% margin).
- Board declared quarterly dividend $0.25/share (annualized $1.00), payable Sept 22, 2023, record Sept 1, 2023.
- Announced opentext.ai and OpenText Aviator AI products; Micro Focus integration ahead of schedule.

## SEC filing metadata
- accession: 0001002638-23-000021
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1002638/000100263823000021/0001002638-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000021/otex-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-23-000021
- JSON: https://secwatch.observer/filing/0001002638-23-000021.json
- Plain text: https://secwatch.observer/filing/0001002638-23-000021.txt

## Key facts
- Earnings Releases
  OPEN TEXT CORP reported the year ended June 30, 2023 results: revenue $4,485, net income $150 million, EPS $0.56.
  - Period: the year ended June 30, 2023
  - Revenue: $4,485
  - Net income: $150 million
  - EPS: $0.56
  - Result: reported results
  source text: Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $4,485 $4,617 $3,615 $3,718 $1,700 $1,739 +28.4% +32.2% +26.2% +29.7% +10.8% +13.3% Annual Recurring Revenues represent 81% of Total Revenues • Total revenues of $4.5 billion up 28.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000021/0001002638-23-000021-index.htm
- Earnings Releases
  OPEN TEXT CORP reported the quarter ended June 30, 2023 results: revenue $1,491, net income ($49) million, EPS ($0.18).
  - Period: the quarter ended June 30, 2023
  - Revenue: $1,491
  - Net income: ($49) million
  - EPS: ($0.18)
  - Result: reported results
  source text: Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $1,491 $1,502 $1,157 $1,167 $452 $455 +65.2% +66.5% +56.4% +57.7% +9.7% +10.6% Annual Recurring Revenues represent 78% of Total Revenues • Total revenues of $1.5 billion, up 65.2% Y/Y or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000021/0001002638-23-000021-index.htm

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