OpenText Provides Q2 Revenue Guidance and Targets 2%-3% Core Growth
OpenText (OTEX) has issued its financial outlook for the second quarter of fiscal year 2027, projecting revenue to fall between $1.26 billion and $1.29 billion. The company is aiming for a core solutions portfolio growth rate of 2% to 3% in constant currency. CEO Ayman Antoun characterized the first quarter as a strong start to what the company describes as its 'foundation year.' Management noted consistent year-over-year growth across various geographies, signaling stability in their core software and services offerings despite broader market fluctuations.