Open Text Beats Fiscal Q1 2027 Estimates as Revenue Falls 5.4% to $1.24B
Revenue of $1.24B vs. $1.22B expected and adjusted EPS of $1.05 vs. $0.94; revenue down 5.4% from a year earlier.
Open Text (OTEX) beat estimates for the fiscal first quarter of 2027 on both revenue and adjusted EPS. Revenue was $1.24 billion, down 5.4% from a year earlier, above the $1.22 billion estimate, and adjusted EPS was $1.05, unchanged from a year earlier, above the $0.94 estimate.
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Fiscal Q1 2027 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | $0.94 | $1.05 | Beat by 12% |
| Revenue | $1.22B | $1.24B | Beat by 1.1% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | Unchanged | ▼ 15% |
| Revenue | ▼ 5.4% | ▼ 7.1% |
By our calculation, revenue was $13.2 million above the estimate and adjusted EPS was $0.11 above it. The QoQ column compares with the previous quarter's revenue of $1.33 billion and adjusted EPS of $1.23. The YoY column compares with $1.31 billion and $1.05 in the same quarter a year earlier.
GAAP results
- GAAP EPS. GAAP diluted EPS was $0.64, against $0.57 a year earlier.
- Net income. The company reported net income of $155.2 million on a GAAP basis, compared with net income of $146.6 million a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 8 of the last 8 reports, including this one.
- Revenue record. Revenue beat the estimate in 8 of the last 8 reports.
- Revenue trend. Revenue over the last 5 reports, oldest first: $1.31 billion, $1.32 billion, $1.26 billion, $1.33 billion and $1.24 billion.
What to watch
- Next-quarter estimates. Consensus calls for EPS of $1.00 and revenue of $1.30 billion next quarter, based on 6 analysts.
- Revenue growth. Whether revenue stabilizes after this quarter's 5.4% decline from a year earlier to $1.24 billion.
- Estimate record. Whether Open Text extends a record of beating EPS estimates in 8 of its last 8 reports.
- Related coverage. See our reports on First Majestic Silver, Verisk Analytics, McGraw Hill and Shift4 Payments.
Sources: Results are from Open Text's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Open Text's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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