OTEX Open Text (OTEX) Q3 FY26 earnings call
OpenText reported a strong Q3 FY26, driven by robust cloud performance and increased guidance for cloud revenue, bookings, and free cash flow. New CEO Ayman Antoun is focused on disciplined execution across the core portfolio, leveraging data management expertise for AI, and meeting diverse client cloud deployment needs. The company is also navigating a challenging divestiture market while prioritizing shareholder value.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
OTEX operating KPIs by quarter
| KPI | This call Mar 2026 Q3 FY26 | Jun 2026 Q4 FY26 | Change vs prior quarter |
|---|---|---|---|
| Cloud deals greater than $1 million | 41We saw 41 cloud deals greater than $1 million in Q3, an increase of 28% year-on-year.Source: earnings call transcript | 64We closed 64 cloud deals greater than $1 million in the quarter, an increase of 49% year-over-year.Source: earnings call transcript | +56.1% |
| Net renewal rate Cloud | 95%Our cloud net renewal rate was 95%, down slightly by 1% year-over-year and consistent with our annual model.Source: earnings call transcript | 94%On net renewal rates, our cloud net renewal rate was 94%, down 180 basis points year-over-year and in line with historical levels.Source: earnings call transcript | -1 pt |
| Net renewal rate Customer support | 93%Our customer support net renewal rate was 93%, up 3% year-over-year.Source: earnings call transcript | 93%Our customer support net renewal rate was 93%, up from 91% year-over-year and also consistent with historical levels.Source: earnings call transcript | 0 pt |
| Annual recurring revenue (ARR) | $1.06BAnnual recurring revenue or ARR was $1.06 billion, up 2.7% year-over-year, and representing 82% of our total revenue and consistent year-over-year.Source: earnings call transcript | $1.06BAnnual recurring revenue, or ARR, was $1.06 billion, up 0.2% and representing 78.3% of our total revenue.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.