---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-23-000030"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:01:10.766201+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OpenText reports record Q1 FY2024 revenue of $1.425B, up 67% YoY; declares $0.25 dividend

## Summary
- Total revenues $1.425B (+67.3% YoY); annual recurring revenues $1.149B (+59.1% YoY), 81% of total.
- Cloud revenues $451M (+11.5% YoY); enterprise cloud bookings $121M (+8.2% YoY).
- GAAP net income $81M ($0.30 diluted EPS); non-GAAP diluted EPS $1.01.
- Adjusted EBITDA $495M (34.7% margin); operating cash flow $47M, free cash flow $10M.
- Board declares dividend of $0.25/share payable Dec 20, 2023 to holders of record Dec 1, 2023.

## SEC filing metadata
- accession: 0001002638-23-000030
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2023-11-02T23:59:59+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/1002638/000100263823000030/0001002638-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000030/otex-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-23-000030
- JSON: https://secwatch.observer/filing/0001002638-23-000030.json
- Plain text: https://secwatch.observer/filing/0001002638-23-000030.txt

## Key facts
- Earnings Releases
  OPEN TEXT CORP reported first quarter ended September 30, 2023 results: revenue $1.425 billion, net income $81 million, EPS $0.30.
  - Period: first quarter ended September 30, 2023
  - Revenue: $1.425 billion
  - Net income: $81 million
  - EPS: $0.30
  - Result: reported results
  source text: Constant Currency $1,425 $1,410 $1,149 $1,137 $451 $449 +67.3% +65.4% +59.1% +57.5% +11.5% +10.9% Annual Recurring Revenues represent 81% of Total Revenues • Total revenues of $1.425 billion, up 67.3% Y/Y or up 65.4% in constant currency (CC) • Annual recurring revenues (ARR) of $1,149 million, up 59.1% Y/Y or up 57.5% in CC • Cloud revenues of $451 million, up 11.5%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000030/0001002638-23-000030-index.htm

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