---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-24-000004"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T10:30:00.428095+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OpenText Q2 rev $1.535B (+71% YoY), record cloud bookings, and $2.275B AMC divestiture

## Summary
- Total revenues $1.535B, up 71% YoY; ARR $1.146B (75% of total); cloud revenues $450M (+10.1%).
- GAAP net income $38M ($0.14 diluted EPS); Non-GAAP diluted EPS $1.24; Adjusted EBITDA $566M (36.9% margin).
- Record quarterly enterprise cloud bookings $236M, up 62.8% YoY; raised cloud booking growth outlook to 25%-30% for FY24.
- Announced definitive agreement to divest AMC business to Rocket Software for $2.275B; net proceeds to repay debt; close expected Q4 FY24.
- Free cash flows $305M, up 87% YoY; cash ~$1B; declared dividend $0.25/share payable Mar 20, 2024.

## SEC filing metadata
- accession: 0001002638-24-000004
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2024-02-01T23:59:59+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/1002638/000100263824000004/0001002638-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000004/otex-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-24-000004
- JSON: https://secwatch.observer/filing/0001002638-24-000004.json
- Plain text: https://secwatch.observer/filing/0001002638-24-000004.txt

## Key facts
- Earnings Releases
  OPEN TEXT CORP reported the second quarter ended December 31, 2023 results: revenue $1.535 billion, net income $38 million, EPS $0.14. Guidance raised.
  - Period: the second quarter ended December 31, 2023
  - Revenue: $1.535 billion
  - Net income: $38 million
  - EPS: $0.14
  - Guidance: raised
  - Result: reported results
  source text: of any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- OpenText Reports Second Quarter Fiscal Year 2024 Financial Results Record Total Revenues of $1.535 billion Up 71% Y/Y Record Enterprise Cloud Bookings Fiscal 2024 Second Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000004/0001002638-24-000004-index.htm

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