OpenText publishes transcript of Q3 2026 earnings call

• OpenText discussed fiscal Q3 2026 results on its earnings call, with CEO Ayman Antoun, President and Chief Client Officer James McGourlay, CFO Steve Rai, and Executive Chair P. Thomas Jenkins participating.
• Antoun, 14 working days into role, set four priorities: client and partner listening, portfolio learning, go-to-market and partner assessment, and building an organic growth plan with KPIs and milestones focused on AI-ready governed data.
• Management reported revenue of $1.28 billion, cloud revenue of $493 million up 6.6%, and ARR of $1.06 billion up 2.7%, citing 21st consecutive quarter of organic cloud growth and a 95% cloud net renewal rate.
• Profitability strengthened, with adjusted EBITDA of $438 million for a 34.1% margin, supported by cost actions tied to a business optimization plan targeting $490 million to $550 million of total savings.
• Outlook held, with no change to FY 2026 revenue growth target of 1% to 2% after adjusting for $30 million of anticipated revenue lost from divestitures.

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