---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-24-000024"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:41:24.173999+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OpenText Q3 revenue $1.45B (+16% YoY); cloud bookings up 53%; launches $250M buyback

## Summary
- Total revenues of $1.447B, up 16.3% YoY; ARR $1.146B, up 13.3% YoY.
- GAAP net income $98M ($0.36 diluted EPS); non-GAAP diluted EPS $0.94.
- Adjusted EBITDA $464M (+27% YoY, margin 32%); operating cash flow $385M.
- Completed AMC divestiture to Rocket Software for $2.275B; repaid $2B debt.
- Declared $0.25/share dividend, payable June 18; $250M share repurchase authorized.

## SEC filing metadata
- accession: 0001002638-24-000024
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2024-05-02T23:59:59+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/1002638/000100263824000024/0001002638-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000024/otex-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-24-000024
- JSON: https://secwatch.observer/filing/0001002638-24-000024.json
- Plain text: https://secwatch.observer/filing/0001002638-24-000024.txt

## Key facts
- Earnings Releases
  OPEN TEXT CORP reported financial results for the third quarter ended March 31, 2024.
  - Period: the third quarter ended March 31, 2024
  - Result: reported results
  source text: On May 2, 2024 , Open Text Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000024/0001002638-24-000024-index.htm

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