Open Text Corporation ( (OTEX) ) has released its Q1 earnings. Here is a breakdown of the information Open Text Corporation presented to its investors.
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OpenText Corporation, a leading Information Management software and services company, assists organizations in addressing complex global challenges through its suite of Business Clouds, Business AI, and Business Technology solutions. The company is a prominent player in the technology sector, recognized for its robust cloud offerings and innovative technologies.
In its first quarter of fiscal year 2025, OpenText reported a total revenue of $1.27 billion, marking its 15th consecutive quarter of organic cloud revenue growth. Despite a decline in overall revenues compared to the previous year, the company maintained a strong adjusted EBITDA margin of 35% and achieved a non-GAAP earnings per share (EPS) of $0.93.
Key financial highlights from the quarter include cloud revenues of $457 million, a 1.3% increase year-over-year, and quarterly enterprise cloud bookings rising by 10.3% to $133 million. The company also returned $154 million to shareholders through dividends and share repurchases, demonstrating its commitment to shareholder value. Despite a decrease in operating cash flows due to a one-time tax payment related to the AMC divestiture, OpenText continues to focus on strategic investments in its cloud and AI capabilities.
Looking ahead, OpenText remains committed to enhancing its information management capabilities, with plans to showcase its innovation roadmap at the upcoming OpenText World User Conference. The management is optimistic about achieving its fiscal 2025 targets, focusing on operational efficiencies and capital flexibility to drive future growth and shareholder returns.
