Filing Flows › Open Text (OTEX) › Q1 FY27 › vs Q4 FY26
Open Text (OTEX) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Open Text's revenue fell $112M (-8%) from $1.3B in Q4 FY26 to $1.2B in Q1 FY27. Gross margin 73.2% against 75.0% (-1.8 pts).
Open Text, Q1 FY27: revenue $1.2B (-4% year over year), operating margin 20.3%, net earnings $155M, operating cash flow $172M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 73.2% | 75.0% | -1.8 pts |
| Operating margin | 20.3% | 23.7% | -3.4 pts |
| Net margin | 12.6% | 11.5% | +1.0 pts |
| Free cash flow margin | 11.2% | 9.0% | +2.2 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | −$112M | -8% |
| Gross profit | $906M | $1.0B | −$106M | -10% |
| Cost of revenue | $331M | $338M | −$6.4M | -2% |
| Operating profit | $251M | $320M | −$68.9M | -22% |
| Operating expenses | $655M | $692M | −$37.1M | -5% |
| Pre-tax earnings | $199M | $251M | −$51.5M | -21% |
| Other expense, net | $51.8M | $69.2M | −$17.3M | -25% |
| Research & development | $142M | $149M | −$7.0M | -5% |
| Sales & marketing | $278M | $308M | −$30.8M | -10% |
| General & admin | $106M | $112M | −$6.2M | -6% |
| Other operating costs | $129M | $122M | $6.9M | +6% |
| Net earnings | $155M | $156M | −$424K | -0.3% |
| Income tax | $43.7M | $94.8M | −$51.1M | -54% |
| Share-based compensation | $19.7M | $21.8M | −$2.2M | -10% |
| Working capital & other | $2.7M | −$8.2M | $11.0M | — |
| Operating cash flow | $172M | $186M | −$13.5M | -7% |
| Free cash flow (OCF − capex) | $139M | $122M | $16.5M | +14% |
| Capital expenditures | $33.8M | $63.8M | −$30.1M | -47% |
Questions
How much did Open Text's revenue grow quarter over quarter in Q1 FY27?
Open Text's revenue fell $112M (-8%) from $1.3B in Q4 FY26 to $1.2B in Q1 FY27. Gross margin 73.2% against 75.0% (-1.8 pts).