Exhibit 99.1
OpenText Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Record Cloud and Annual Recurring Revenues (ARR)
Strong Margin Expansion
Record Operating Cash Flows

Highlights
Fiscal Year 2019
Total Revenues of $2.87 billion, up 1.9%, and $2.92 billion, in constant currency, up 3.8%
Annual Recurring Revenues (ARR) of $2.16 billion, up 4.6%, and $2.19 billion in constant currency, up 6.2%
Cloud Services and Subscriptions Revenues of $907.8 million, up 9.5%, and $918.6 million in constant currency, up 10.8%
GAAP net income attributable to OpenText of $285.5 million, up 17.9%
Adjusted EBITDA of $1.10 billion, up 7.8%, Margin of 38.4%, up 210 basis points
GAAP EPS, diluted of $1.06, up 16.5%
Non-GAAP EPS, diluted of $2.76, up 7.8%, and $2.79 in constant currency, up 9.0%
Record annual Operating Cash Flows of $876.3 million, up 23.8%.

Fourth Quarter
Total Revenues of $747.2 million, down 0.9%, and $769.3 million in constant currency, up 2.0%
Annual Recurring Revenues of $557.1 million, up 4.2%, and $572.0 million in constant currency, up 7.0%
Cloud Services and Subscriptions Revenues of $241.9 million, up 11.0%, and $246.5 million in constant currency, up 13.1%
GAAP net income attributable to OpenText of $72.0 million, up 16.6%
Adjusted EBITDA of $283.9 million, up 0.8%, Margin of 38.0%, up 60 basis points
GAAP EPS, diluted of $0.27, up 17.4%
Non-GAAP EPS, diluted of $0.72, no change, and $0.74 in constant currency, up 2.8%
Operating Cash Flows of $229.8 million, up 12.6%

Waterloo, ON, August 1, 2019 - Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), “The Information Company,” today announced its financial results for the fourth quarter and year ended June 30, 2019.
“Fiscal 2019 was a momentous year for OpenText as we delivered in constant currency $2.92 billion in total revenues, a record $918.6 million in cloud revenues, up 10.8% year-over-year growth and $2.19 billion in Annual Recurring Revenues, up 6.2% year-over-year growth, representing 75% of total revenues,” said Mark J. Barrenechea, OpenText CEO & CTO. “We enter Fiscal 2020 with the strongest EIM offering in the industry, empowering customers to unlock their information advantage and win in Industry 4.0. Our expanded partnerships with Google and SAP and recently announced next generation product line, OpenText Cloud Edition, will help revolutionize the way businesses capture, govern, exchange and use information in the cloud.”
Barrenechea further added, “We delivered a solid fourth quarter with total revenues of $769.3 million, up 2.0% year-over-year, and cloud revenues of $246.5 million, up 13.1% year-over-year, each in constant currency. Operating Cash Flows were $229.8 million, up 12.6% year-over-year. These solid results were delivered against the back drop of a $22 million foreign currency headwind to revenue during the quarter.”
“During Fiscal 2019, we had record Adjusted EBITDA margin of 38.4%, delivered Operating Cash Flows of $876.3 million and deployed $381.4 million of capital to acquire Liaison Technologies & Catalyst Repository Systems,” said Madhu Ranganathan, OpenText EVP and CFO. “We ended the year with $941 million of Cash & Cash Equivalents and 1.5x Consolidated Net Leverage ratio, compared to 1.9x a year ago. As we look into Fiscal 2020

1

The following information was filed by Open Text Corp (OTEX) on Thursday, August 1, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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