Filing Flows › Open Text (OTEX) › Q1 FY27
Open Text (OTEX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 5, 2026
Open Text (OTEX) reported revenue of $1.2B for the first quarter fiscal 2027 (Q1 FY27), -4% from a year earlier and -8% from the quarter before. Operating margin was 20.3%, net earnings $155M (12.6% of revenue).
Open Text, Q1 FY27: revenue $1.2B (-4% year over year), operating margin 20.3%, net earnings $155M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -8% | -4% |
| Gross profit | $906M | -10% | -3% |
| Operating profit | $251M | -22% | -7% |
| Net earnings | $155M | -0.3% | +6% |
| Operating cash flow | $172M | -7% | +17% |
| Free cash flow | $139M | +14% | +37% |
What changed
Revenue was $1.2B in Q1 FY27, down 4% year over year and down 8% from the previous quarter. Cloud services and subscriptions was the largest line at 41% of revenue. Cybersecurity (SMB & Consumer) lost $0.01B year over year (down 9%), 24% of the total change.
Gross margin was 73.2%, up 0.4 points from Q1 FY26. Operating profit was $0.25B, a 20.3% margin (down 0.7 points year over year). Operating expenses fell 2% while revenue fell 4%. Net earnings were $0.16B, up 6% year over year. The effective tax rate was 22.0%.
Operating cash flow was $0.17B (up 17% year over year), 111% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Capital expenditures of $0.03B left free cash flow of $0.14B.
Questions
What was Open Text's revenue in the first quarter fiscal 2027?
Open Text (OTEX) reported revenue of $1.2B for the first quarter fiscal 2027 (Q1 FY27), -4% from a year earlier and -8% from the quarter before.
Was Open Text profitable in the first quarter fiscal 2027?
Operating profit was $251M (20.3% of revenue) and net earnings $155M.
Source: Open Text 10-Q on SEC EDGAR.