Industry Newscloud content managemententerprise softwareopentext
OpenText Reports Q2 Beat Driven By Cloud
6.1
OpenText reported Q2 results on Thursday, posting $1.33 billion in revenue—above the $1.29 billion expected—despite a 0.6% year-over-year decline. The Kitchener-Waterloo company saw 3.4% cloud growth and an 18% increase in enterprise cloud bookings to $295 million, with EPS beating estimates by over 10% and adjusted EBITDA of 37%, supporting a 1–2% revenue outlook for fiscal 2026.
Key Points
- 1Reports $1.33 billion revenue and earnings-per-share beat of over 10% in Q2
- 2Shows 3.4% cloud growth and 18% enterprise cloud bookings rise to $295 million
- 3Signals strategic shift toward cloud and AI, prompting continued divestments and margin focus
Scoring Rationale
Official quarterly beat and strong cloud bookings drive relevance; limited novelty beyond incremental earnings and strategy.
Sources
Public references used for this report.
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