OpenText forecasts FY27 core revenue growth of 2%-3% in constant currency
OTEX•OpenText forecasts fiscal 2027 revenue of US$5.14 billion to US$5.19 billion and core revenue growth of 2% to 3% in constant currency. First-quarter revenue fell 4% to US$1.24 billion, while adjusted EBITDA margin was 35.8%.
1. Fiscal 2027 outlook
OpenText forecast fiscal 2027 revenue of US$5.14 billion to US$5.19 billion, including roughly US$30 million in unfavorable currency effects. It expects core cloud revenue growth of 8% to 10%, an adjusted EBITDA margin of 32% to 33%, and free cash flow of US$625 million to US$725 million. For the second quarter, it guided to revenue of US$1.26 billion to US$1.29 billion and an adjusted EBITDA margin of 33% to 34%. First-quarter revenue fell 4% to US$1.24 billion, while the adjusted EBITDA margin reached 35.8%, above guidance of 32% to 33%.
