---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-24-000049"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:35:05.282177+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OpenText reports FY2024 revenue $5.77B (+29%); raises FY2025 margin targets, announces $300M buyback, dividend up 5%

## Summary
- FY2024 total revenues $5.77B (+28.6% YoY); Q4 revenues $1.36B (-8.6% YoY reflecting AMC divestiture).
- GAAP net income FY2024 $465M (EPS $1.71); Non-GAAP diluted EPS $4.17; Adjusted EBITDA $2.0B (34.1% margin).
- Free cash flows FY2024 $808M; net leverage ratio reduced from 3.8x to 2.9x.
- New $300M share repurchase program; annualized dividend increased 5% to $1.05/share ($0.2625 quarterly).
- Enterprise cloud bookings FY2024 $701M (+32.9% YoY); completed AMC divestiture for $2.275B.

## SEC filing metadata
- accession: 0001002638-24-000049
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2024-08-01T23:59:59+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/1002638/000100263824000049/0001002638-24-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000049/otex-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-24-000049
- JSON: https://secwatch.observer/filing/0001002638-24-000049.json
- Plain text: https://secwatch.observer/filing/0001002638-24-000049.txt

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