OpenText reports Q1 adjusted EPS 93c, consensus 80c

Reports Q1 revenue $1.27B, consensus $1.28B. “In our first full quarter after the AMC divestiture, we delivered $1.27 billion in total revenues, 35% Adjusted EBITDA Margin, and our 15th consecutive quarter of organic cloud revenue growth,” said Mark Barrenechea, OpenText (OTEX) CEO & CTO. “Further, we remain on track to return record capital to shareholders in Fiscal 2025, of approximately $570 million, and the company has purchased and canceled 7.72 million shares over the last two quarters.”