Open Text Corporation · TSX:OTEX
Open Text — Q1 FY2027 Earnings Presentation
29 slides from Open Text's earnings presentation, Nov 5, 2026
Slide 1: Investor Presentation
Investor Presentation November 5, 2026 NASDAQ/TSX: OTEX
Slide 2: Safe Harbor and IP Statement
Safe Harbor and IP Statement This presentation contains forward-looking statements or information (forward-looking statements) within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the Exchange Act), Section 2
Slide 3: Financial Results & Outlook
Financial Results & Outlook DRAFT – PRIVILEGED & CONFIDENTIAL OpenText ©2025. All rights reserved. 3
Slide 4: Q1 FY'27 Key Quarter Financial Highlights
Q1 FY’27 Key Quarter Financial Highlights Ex-Divestitures(4) Q1 FY'27 Y/Y In Constant Y/Y Y/Y % Change As Reported Y/Y % Change Key Metrics % Change Currency(3) % Change In Constant Currency Total Revenues $1,237M -4.0% $1,238M -3.9% -1.8% -1.7% Core Revenues $864M +2.4% $867M +2.7% +2.4% +2.7% Annu
Slide 5: Current and Total RPO
Current and Total RPO RPO(1) Q1 FY’27 Q1 FY’26 % Y/Y(2) Current RPO (cRPO) Cloud Services and Subscription $1.3B $1.2B +12% Client Support and Other $1.2B $1.3B -5% Total cRPO $2.5B $2.5B +3% Long Term RPO Cloud Services and Subscription $1.4B $1.3B +13% Client Support and Other $0.5B $0.4B +14% Tot
Slide 6: Key Additional Metrics
Key Additional Metrics Y/Y Additional Metrics Q1 FY’27 % Change # of Cloud Deals > $1M 35 +6.1% Cloud Net Renewal Rate(1) 95% -100 bps Client Support Net Renewal Rate(1) 92% +100 bps 1. Net Renewal Rate excludes Carbonite and Zix. The Net Renewal Rate includes changes in renewed contract values driv
Slide 7: Q1 FY'27 Total Revenues by Product Category
Q1 FY'27 Total Revenues by Product Category • As part of the Company’s enterprise assessment, we reclassified certain products and disclosed on an additional product category, Portfolio. Portfolio represents mature, non-core products that are primarily on-premise solutions, and we continue to provid
Slide 8: Q1 FY'27 Cloud Revenues by Product Category
Q1 FY'27 Cloud Revenues by Product Category • As part of the Company’s enterprise assessment, we reclassified certain products and disclosed on an additional product category, Portfolio. Portfolio represents mature, non-core products that are primarily on-premise solutions, and we continue to provid
Slide 9: Q1 FY'27 Global Client Wins
Q1 FY’27 Global Client Wins Content Business Network ITOM Cybersecurity Government - APAC Transportation - Americas Financial - EMEA Retail - Americas Challenge & Solution: Connect the Challenge & Solution: Replace Challenge & Solution: Enhance the Challenge & Solution: Modernize a existing AI assis
Slide 10: Diversified Markets & Sectors
Diversified Markets & Sectors • Deeply integrated “sticky” products with an average deployment life span of a decade or more • Strong competitive advantage that protects our position in the market and makes it difficult for competitors to enter or displace Representing Many Key Highly Globally Diver
Slide 11: FY'27 Annual Outlook
FY’27 Annual Outlook Annual Outlook FY'27 FY'27 YTD Metrics • All Core Businesses expected to grow in FY'27 Outlook Actuals Core Revenues Growth(1) • Content Cloud revenues growth leading the business 2% to 3% 2.7% in CC • Total Revenues includes ~$30 million of unfavorable foreign Core Cloud Revenu
Slide 12: OpenText Strategy
OpenText Strategy DRAFT – PRIVILEGED & CONFIDENTIAL OpenText ©2025. All rights reserved. 12
Slide 13: OpenText
OpenText 120K+ 98 of top 100 We provide trusted context and connected Enterprise clients Global Companies are OpenText clients data for credible AI outcomes. 180 Countries 400 We give clients choice to govern, secure & manage data: Operations AI-related patents(1) 1. Deployment on premise or in the
Slide 14: The Enterprise Assessment
The Enterprise Assessment Supports growth objectives in FY'27 and multi-year plan to drive enhanced performance in FY'28+ Portfolio & Go-to-Market Development Integrated Plan Marketing & Demand Execution Model & Generation Engine Decision Rights Talent & Culture May - Nov 2026 Now - Jan 2027 Feb 202
Slide 15: The AI Value we Deliver Clients
The AI Value we Deliver Clients IT Operations Management Content Cloud Business Network (ITOM) • European energy provider • Major American retailer running its • Leading health system that managing 50,000+ complex supply chain on OpenText switched to OpenText from a contracts Business Network compet
Slide 16: Core Business Drives Our Growth
Core Business Drives Our Growth Content Business Network ITOM Cybersecurity (Enterprise) Human-generated data and Connected data moving IT operations management, Protection layer across the context, cloud-led growth between organizations observability stack 39% 12% 7% 8% of FY’26 Total Revenues of F
Slide 17: Disciplined Capital Deployment
Disciplined Capital Deployment Debt Reduction • October 2026, paid down $300 million • Total debt reduction of $949 million TTM as of October 2026 Strong Financial Position • Reduced net leverage ratio to 2.55x(2) in Q1 FY'27 Organic Growth Investments • Core Revenue Growth • Increased sales capacit
Slide 18: opentext.com · twitter.com/opentext · linkedin.com/company/opentext
opentext.com · twitter.com/opentext · linkedin.com/company/opentext
Slide 19: Appendix
Appendix OpenText ©2025. All rights reserved. 19
Slide 20: Appendix A: Use of Non-GAAP Financial Measures
Appendix A Use of Non-GAAP Financial Measures In addition to reporting financial results in accordance with U.S. GAAP, the Company provides certain financial measures that are not in accordance with U.S. GAAP (Non-GAAP).These Non-GAAP financial measures have certain limitations in that they do not h
Slide 21: Total Revenues by Product Category
Total Revenues by Product Category • As part of the Company’s enterprise assessment, we reclassified certain products and disclosed an additional product category, Portfolio. Portfolio represents mature, non-core products that are primarily on-premise solutions, and we continue to provide maintenanc
Slide 22: Cloud Revenues by Product Category
Cloud Revenues by Product Category • As part of the Company’s enterprise assessment, we reclassified certain products and disclosed an additional product category, Portfolio. Portfolio represents mature, non-core products that are primarily on-premise solutions, and we continue to provide maintenanc
Slide 23: Debt Profile & Net Leverage
Debt Profile & Net Leverage As of September 30, 2026, pro forma for bond transactions completed as of October 2, 2026 (4) Net Debt(1) Weighted Avg. Interest Rate % Fixed Rate Annualized Interest Cost(2) Net Leverage Ratio(3) $4.5B 4.9% 72% $272M 2.55x Gross debt minus cash Blended across portfolio $
Slide 24: Business Optimization Plan and Other Savings Initiatives
Business Optimization Plan and Other Savings Initiatives On Track • >2x return on benefit vs. cost • Upside from early execution FY'25 FY’26 FY’27+ Savings • Remain committed to re-invest in Innovation and Growth through select investments in Go-To-Market, Cloud, AI and 33% 34% 33% ~$580M Security •
Slide 25: Summary of Quarterly Results with Constant Currency
Summary of Quarterly Results with Constant Currency Q1 FY’27 % Change (In millions U.S. dollars, except per share data) Q1 FY’27 Q1 FY’26 $ Change % Change in CC* in CC* Revenues: Cloud services and subscriptions $ 505.5 $ 484.5 $ 21.0 4.3 % $ 505.5 4.3 % Client support 534.1 586.8 (52.7) (9.0) % 53
Slide 26: Reconciliation of Selected Non-GAAP Measures | Q1 FY'27
Reconciliation of Selected Non-GAAP Measures | Q1 FY’27 Three Months Ended September 30, 2026 GAAP % of Total Non-GAAP % of (In ‘000's U.S. dollars, except per share data) GAAP Revenue Adjustments FN Non-GAAP Total Revenue COST OF REVENUES Cloud services and subscriptions $ 178,453 $ (1,691) (1) $ 1
Slide 27: Reconciliation of Selected Non-GAAP Measures | Q1 FY'26
Reconciliation of Selected Non-GAAP Measures | Q1 FY’26 Three Months Ended September 30, 2025 GAAP % of Total Non-GAAP % of (In ‘000's U.S. dollars, except per share data) GAAP Revenue Adjustments FN Non-GAAP Total Revenue COST OF REVENUES Cloud services and subscriptions $ 172,217 $ (1,749) (1) $ 1
Slide 28: Reconciliation of Selected Non-GAAP Measures
Reconciliation of Selected Non-GAAP Measures FOOTNOTES 1 Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results. 2 Adjustment relates to the exclusion of amortizati
Slide 29: Reconciliation of Adjusted EBITDA and Free Cash Flow
Reconciliation of Adjusted EBITDA and Free Cash Flow (In '000's U.S. dollars) Q1 FY’27 Q1 FY’26 GAAP-based net income, attributable to OpenText $ 155,247 $ 146,616 Add: Provision for income taxes 43,683 39,199 Interest and other related expense, net 67,938 81,114 Amortization of acquired technology-