Open Text (OTEX) Revenue & Revenue Breakdown
Open Text Revenue Highlights
Latest Revenue (Y)
$5.77B
Latest Revenue (Q)
$1.45B
Main Segment (Y)
Cloud Revenues And Customer Support Revenues
Main Geography (Y)
UNITED STATES
Open Text Revenue by Period
Open Text Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $5.77B | 28.64% |
| 2023-06-30 | $4.48B | 28.37% |
| 2022-06-30 | $3.49B | 3.18% |
| 2021-06-30 | $3.39B | 8.89% |
| 2020-06-30 | $3.11B | 8.40% |
| 2019-06-30 | $2.87B | 1.90% |
| 2018-06-30 | $2.82B | 22.88% |
| 2017-06-30 | $2.29B | 25.59% |
| 2016-06-30 | $1.82B | -1.50% |
| 2015-06-30 | $1.85B | 13.99% |
| 2014-06-30 | $1.62B | 19.17% |
| 2013-06-30 | $1.36B | 12.91% |
| 2012-06-30 | $1.21B | 16.86% |
| 2011-06-30 | $1.03B | 13.30% |
| 2010-06-30 | $912.02M | 16.08% |
| 2009-06-30 | $785.66M | 8.29% |
| 2008-06-30 | $725.53M | 21.80% |
| 2007-06-30 | $595.66M | 45.44% |
| 2006-06-30 | $409.56M | -1.27% |
| 2005-06-30 | $414.83M | 42.52% |
| 2004-06-30 | $291.06M | 63.77% |
| 2003-06-30 | $177.72M | 16.56% |
| 2002-06-30 | $152.48M | 3.23% |
| 2001-06-30 | $147.70M | 30.77% |
| 2000-06-30 | $112.94M | 22.10% |
| 1999-06-30 | $92.50M | 104.19% |
| 1998-06-30 | $45.30M | 100.44% |
| 1997-06-30 | $22.60M | 126.00% |
| 1996-06-30 | $10.00M | - |
Open Text generated $5.77B in revenue during NA 2024, up 28.64% compared to the previous quarter, and up 201.12% compared to the same period a year ago.
Open Text Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $1.45B | -5.72% |
| 2023-12-31 | $1.53B | 7.68% |
| 2023-09-30 | $1.43B | -4.39% |
| 2023-06-30 | $1.49B | 19.78% |
| 2023-03-31 | $1.24B | 38.69% |
| 2022-12-31 | $897.44M | 5.33% |
| 2022-09-30 | $852.04M | -5.59% |
| 2022-06-30 | $902.45M | 2.29% |
| 2022-03-31 | $882.28M | 0.63% |
| 2021-12-31 | $876.80M | 5.35% |
| 2021-09-30 | $832.31M | -6.85% |
| 2021-06-30 | $893.53M | 7.28% |
| 2021-03-31 | $832.93M | -2.65% |
| 2020-12-31 | $855.64M | 6.42% |
| 2020-09-30 | $804.01M | -2.73% |
| 2020-06-30 | $826.61M | 1.46% |
| 2020-03-31 | $814.68M | 5.59% |
| 2019-12-31 | $771.56M | 10.71% |
| 2019-09-30 | $696.89M | -6.74% |
| 2019-06-30 | $747.22M | 3.90% |
| 2019-03-31 | $719.15M | -2.19% |
| 2018-12-31 | $735.23M | 10.20% |
| 2018-09-30 | $667.16M | -11.55% |
| 2018-06-30 | $754.27M | 9.97% |
| 2018-03-31 | $685.88M | -6.61% |
| 2017-12-31 | $734.40M | 14.63% |
| 2017-09-30 | $640.69M | -3.45% |
| 2017-06-30 | $663.55M | 11.87% |
| 2017-03-31 | $593.13M | 9.29% |
| 2016-12-31 | $542.71M | 10.38% |
| 2016-09-30 | $491.66M | 1.62% |
| 2016-06-30 | $483.80M | 9.82% |
| 2016-03-31 | $440.54M | -5.33% |
| 2015-12-31 | $465.35M | 7.09% |
| 2015-09-30 | $434.54M | -9.98% |
| 2015-06-30 | $482.71M | 7.85% |
| 2015-03-31 | $447.58M | -4.33% |
| 2014-12-31 | $467.85M | 3.10% |
| 2014-09-30 | $453.79M | -8.14% |
| 2014-06-30 | $493.98M | 11.57% |
| 2014-03-31 | $442.75M | 21.80% |
| 2013-12-31 | $363.51M | 12.03% |
| 2013-09-30 | $324.46M | -6.57% |
| 2013-06-30 | $347.27M | 2.83% |
| 2013-03-31 | $337.69M | -4.11% |
| 2012-12-31 | $352.18M | 7.97% |
| 2012-09-30 | $326.19M | 6.73% |
| 2012-06-30 | $305.62M | 4.54% |
| 2012-03-31 | $292.35M | -9.06% |
| 2011-12-31 | $321.46M | 11.60% |
| 2011-09-30 | $288.05M | 0.91% |
| 2011-06-30 | $285.45M | 8.56% |
| 2011-03-31 | $262.96M | -1.69% |
| 2010-12-31 | $267.49M | 23.04% |
| 2010-09-30 | $217.41M | -9.43% |
| 2010-06-30 | $240.03M | 12.81% |
| 2010-03-31 | $212.78M | -14.13% |
| 2009-12-31 | $247.79M | 17.20% |
| 2009-09-30 | $211.42M | 3.97% |
| 2009-06-30 | $203.36M | 5.90% |
| 2009-03-31 | $192.03M | -7.52% |
| 2008-12-31 | $207.65M | 13.70% |
| 2008-09-30 | $182.62M | -8.81% |
| 2008-06-30 | $200.27M | 12.03% |
| 2008-03-31 | $178.76M | - |
Open Text generated $1.45B in revenue during Q3 2024, up -5.72% compared to the previous quarter, and up 161.25% compared to the same period a year ago.
Open Text Revenue Breakdown
Open Text Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Jun 24 | Jun 23 | Jun 22 | Jun 21 | Jun 20 |
|---|---|---|---|---|---|
| Customer Support | $2.71B | $1.92B | $1.33B | $1.33B | $1.28B |
| License | $834.16M | $539.03M | $358.35M | $384.71M | $402.85M |
| Professional Service And Other | $401.59M | $330.50M | $269.51M | $259.90M | $273.61M |
| Cloud Revenues And Customer Support Revenues | $4.53B | $3.62B | $2.87B | $2.74B | $2.43B |
| Cloud Services And Subscriptions | $1.82B | $1.70B | $1.54B | $1.41B | $1.16B |
Open Text's latest annual revenue breakdown by segment (product or service), as of Jun 24: Cloud Revenues And Customer Support Revenues (44.00%), Customer Support (26.33%), Cloud Services And Subscriptions (17.67%), License (8.10%), and Professional Service And Other (3.90%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| License | $171.53M | $200.36M | $289.24M | $173.03M | $228.80M | $139.72M | $107.96M | $62.55M | $94.69M | $80.64M | $109.49M | $73.53M | $132.54M | $76.30M | $107.35M | $68.52M | $105.80M | $81.06M | $138.09M | $77.90M |
| Cloud Revenues And Customer Support Revenues | $1.09B | $1.15B | $1.15B | $1.15B | $1.16B | $1.01B | $725.18M | $722.00M | $739.93M | $734.46M | $699.76M | $691.83M | $694.42M | $691.76M | $684.95M | $670.38M | $657.53M | $662.33M | $563.85M | $549.56M |
| Cloud Services And Subscriptions | $464.89M | $454.53M | $450.09M | $451.01M | $451.66M | $435.45M | $408.67M | $404.65M | $411.60M | $401.95M | $364.89M | $356.59M | $360.16M | $355.85M | $350.45M | $340.99M | $332.62M | $339.46M | $248.34M | $237.26M |
| Customer Support | $628.38M | $691.44M | $695.76M | $697.71M | $705.28M | $575.88M | $316.51M | $317.35M | $328.34M | $332.51M | $334.88M | $335.24M | $334.26M | $335.92M | $334.49M | $329.40M | $324.92M | $322.87M | $315.51M | $312.30M |
| Professional Service And Other | $97.34M | $100.80M | $99.78M | $103.68M | $105.10M | $93.62M | $64.30M | $67.49M | $67.83M | $67.18M | $67.55M | $66.95M | $66.57M | $64.87M | $63.35M | $65.11M | $63.28M | $71.30M | $69.61M | $69.43M |
Open Text's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Cloud Revenues And Customer Support Revenues (44.52%), Customer Support (25.59%), Cloud Services And Subscriptions (18.93%), License (6.99%), and Professional Service And Other (3.96%).
Open Text Revenue Breakdown by Country
Annual Revenue by Country
| Country | Jun 24 | Jun 23 | Jun 22 | Jun 21 | Jun 20 |
|---|---|---|---|---|---|
| UNITED STATES | $3.03B | $2.52B | $1.97B | $1.87B | $1.72B |
| CANADA | $238.74M | $186.01M | $186.21M | $166.43M | $149.46M |
| All Other Countries | $668.59M | $469.95M | $312.83M | $317.46M | $298.12M |
| GERMANY | $394.07M | $291.77M | $241.51M | $212.01M | $195.29M |
| Rest of EMEA | $1.13B | $808.82M | $586.24M | $623.87M | $560.24M |
Open Text's latest annual revenue breakdown by geography, as of Jun 24: UNITED STATES (55.51%), Rest of EMEA (20.66%), All Other Countries (12.25%), GERMANY (7.22%), and CANADA (4.37%).
Quarterly Revenue by Country
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas | $828.83M | $884.29M | $845.23M | $892.61M | $751.00M | $583.60M | $557.79M | $571.66M | $560.97M | $535.31M | $519.69M | $535.68M | $507.89M | $516.85M | $508.66M | $523.47M | $509.78M | $450.69M | $419.71M | $436.37M |
| EMEA | $481.18M | $504.88M | $445.44M | $466.93M | $379.43M | $235.31M | $228.35M | $261.49M | $252.89M | $267.22M | $244.60M | $276.64M | $258.01M | $271.02M | $225.94M | $239.32M | $240.53M | $252.27M | $210.17M | $245.72M |
| Asia Pacific | $137.13M | $145.70M | $134.76M | $131.29M | $114.25M | $78.53M | $65.89M | $69.30M | $68.43M | $74.27M | $68.02M | $81.20M | $67.03M | $67.77M | $69.42M | $63.82M | $64.37M | $68.60M | $67.01M | $65.13M |
Open Text's latest quarterly revenue breakdown by geography, as of Mar 24: Americas (57.27%), EMEA (33.25%), and Asia Pacific (9.48%).
Open Text Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SAP | SAP SE | $31.21B | $8.04B |
| ROP | Roper | $6.18B | $1.72B |
| OTEX | Open Text | $5.77B | $1.45B |
| SSNC | SS&C Technologies | $5.50B | $1.45B |
| CDNS | Cadence Design Systems | $4.09B | $1.06B |
| ANSS | ANSYS | $2.27B | $594.14M |
| PTC | PTC | $2.10B | $518.64M |
| TYL | Tyler | $1.95B | $540.98M |
| PAYC | Paycom Software | $1.69B | $437.51M |
| BSY | Bentley Systems | $1.23B | $330.34M |
| AZPN | Aspen | $1.13B | $278.11M |
| BLKB | Blackbaud | $1.11B | $287.29M |
| MANH | Manhattan Associates | $928.73M | $265.32M |
| GWRE | Guidewire Software | $905.34M | $240.68M |
| LSPD | Lightspeed Commerce | $905.28M | $229.19M |
| PWSC | PowerSchool | $697.65M | $191.59M |
| ETWO | E2open Parent | $634.55M | $151.16M |
| DSGX | Descartes Systems Group | $575.23M | $149.11M |
| ABST | Absolute Software | $197.31M | $58.77M |
| ENFN | Enfusion | $174.53M | $49.45M |
OTEX Revenue FAQ
What is Open Text’s yearly revenue?
Open Text's yearly revenue for 2024 was $5.77B, representing an increase of 28.64% compared to 2023. The company's yearly revenue for 2023 was $4.48B, representing an increase of 28.37% compared to 2022. OTEX's yearly revenue for 2022 was $3.49B, representing an increase of 3.18% compared to 2021.
What is Open Text’s quarterly revenue?
Open Text's quarterly revenue for Q3 2024 was $1.45B, a -5.72% decrease from the previous quarter (Q2 2024), and a 16.27% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.53B, a 7.68% increase from the previous quarter (Q1 2024), and a 71.03% increase year-over-year (Q2 2023). OTEX's quarterly revenue for Q1 2024 was $1.43B, a -4.39% decrease from the previous quarter (Q4 2023), and a 67.30% increase year-over-year (Q1 2023).
What is Open Text’s revenue growth rate?
Open Text's revenue growth rate for the last 3 years (2022-2024) was 65.14%, and for the last 5 years (2020-2024) was 85.53%.
What are Open Text’s revenue streams?
Open Text's revenue streams in n 24 are Customer Support, License, Professional Service And Other, Cloud Revenues And Customer Support Revenues, and Cloud Services And Subscriptions. Customer Support generated $2.71B in revenue, accounting 26.33% of the company's total revenue, up 41.69% year-over-year. License generated $834.16M in revenue, accounting 8.10% of the company's total revenue, up 54.75% year-over-year. Professional Service And Other generated $401.59M in revenue, accounting 3.90% of the company's total revenue, up 21.51% year-over-year. Cloud Revenues And Customer Support Revenues generated $4.53B in revenue, accounting 44.00% of the company's total revenue, up 25.40% year-over-year. Cloud Services And Subscriptions generated $1.82B in revenue, accounting 17.67% of the company's total revenue, up 7.06% year-over-year.
What is Open Text’s main source of revenue?
For the fiscal year ending Jun 24, the largest source of revenue of Open Text was Cloud Revenues And Customer Support Revenues. This segment made a revenue of $4.53B, representing 44.00% of the company's total revenue.