Technology

OpenText Reports First Quarter Fiscal Year 2027 Financial Results

Published

2 hours ago

November 5, 2026

Core Revenues growth of 2% Y/Y, and Core Cloud Revenues growth of 11% Y/Y

Delivers Net Income Margin of 13%, Robust Adjusted EBITDA Margin of 35.8%

Fiscal 2027 First Quarter Highlights (in millions)(1)

Total
Revenues

Cloud
Revenues

Profitability

EPS

Cash Flows

Net Income

A-EBITDA

GAAP

Non-GAAP

Operating

Free Cash
Flow

$1,237

$505

$155

$442

$0.64

$1.05

$172

$139

-4.0% Y/Y

+4.3% Y/Y

12.6% margin

35.8% margin

+10.3% Y/Y

–% Y/Y

+16.6% Y/Y

+36.8% Y/Y

WATERLOO, ON, Nov. 5, 2026 /CNW/ — Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the first quarter ended September 30, 2026.

“Our first quarter reflects the strength of our core portfolio and the value we deliver for clients,” said Ayman Antoun, OpenText CEO. “As clients move to AI, they need trusted context and connected data for outcomes they can rely on. With Aviator AI agents infused across our core portfolio and a go-to-market model built around our clients’ success, we are supporting them at every step of their AI journey.”

Ayman Antoun, OpenText Chief Executive Officer

“OpenText delivered strong performance in the first quarter of Fiscal 2027, supported by continued financial and operational discipline,” said Steve Rai, OpenText EVP, CFO. “Following the quarter, we completed a $1.0 billion debt refinancing and paid down $300 million in debt through a successfully completed tender offer, providing the Company with greater financial flexibility. The durability of our operating model enables us to execute our capital allocation priorities through the remainder of Fiscal 2027.”

Steve Rai, OpenText Executive Vice President, Chief Financial Officer

First Quarter Financial Highlights Y/Y

Total revenues: $1.237 billion, -4.0% Y/Y, -1.7% Y/Y in constant currency excluding divestituresCore Revenues(2): $864 million, +2.4% Y/Y, +2.7% Y/Y in constant currencyCore Cloud Revenues(2): $339 million, +11.2% Y/Y, +11.7% Y/Y in constant currencyAnnual recurring revenues (ARR): $1.040 billionCloud revenues: $505 million, +4.3% Y/Y, 23 consecutive quarters of cloud organic growthCash flows: Operating $172 million and free cash flow(3) $139 millionNet income: GAAP $155 million, +5.9% Y/Y, Non-GAAP(3) $254 million, -4.5% Y/YAdjusted EBITDA(3) of $442 million, margin of 35.8%Diluted earnings per share (EPS): GAAP $0.64, Non-GAAP(3) $1.05Repurchased $23 million of common shares for cancellation

(1)

Numbers presented are in millions of US dollars, except for per share or percentage metrics.

(2)

Core revenues product categories include Content, Business Network, IT Operations Management (ITOM) and Cybersecurity (Enterprise).

(3)

Please see Note 2 “Use of Non-GAAP Financial Measures” to the condensed consolidated financial statements below.

Financial Highlights for Q1 Fiscal 2027 with Year Over Year Comparisons

Summary of Quarterly Results

(In millions, except per share data)

Q1 FY’27

Q1 FY’26

$
Change

% Change

Q1 FY’27
in CC*

% Change
in CC*

Revenues:

Cloud services and subscriptions

$ 505

$ 485

$ 21

4.3 %

$ 506

4.3 %

Client support

534

587

(53)

(9.0) %

535

(8.8) %

Total annual recurring revenues**

$ 1,040

$ 1,071

$ (32)

(3.0) %

$ 1,041

(2.9) %

License

124

135

(11)

(8.0) %

124

(7.7) %

Professional service and other

(9)

(11.0) %

(10.8) %

Total revenues

$ 1,237

$ 1,288

$ (52)

(4.0) %

$ 1,238

(3.9) %

GAAP-based operating income

$ 251

$ 270

$ (19)

(7.1) %

N/A

Non-GAAP-based operating income (1)

$ 403

$ 432

$ (29)

(6.7) %

$ 395

(8.4) %

GAAP-based net income attributable to OpenText

$ 155

$ 147

$ 9

5.9 %

N/A

GAAP-based EPS, diluted

$ 0.64

$ 0.58

$ 0.06

10.3 %

N/A

Non-GAAP-based EPS, diluted (1)

$ 1.05

$ —

— %

$ 1.03

(1.9) %

Adjusted EBITDA (1)

$ 442

$ 467

$ (25)

(5.3) %

$ 435

(6.9) %

Operating cash flows

$ 172

$ 148

$ 25

16.6 %

N/A

Free cash flow (1)

$ 139

$ 101

$ 37

36.8 %

N/A

(1) Please see Note 2 “Use of Non-GAAP Financial Measures” to the condensed consolidated financial statements below.

Note: Items in tables may not add due to rounding. Percentages presented are calculated based on the underlying amounts.

*CC: Constant currency for this purpose is defined as the current period reported revenues/expenses/earnings represented at the prior comparative period’s foreign exchange rate.

**Annual recurring revenues is defined as the sum of Cloud services and subscriptions revenues and Client support revenues.

Dividend

As part of the quarterly, non-cumulative cash dividend program, the Board declared on November 3, 2026, a cash dividend of $0.280 per common share. The record date for this dividend is December 4, 2026 and the payment date is December 18, 2026. OpenText believes strongly in returning value to its shareholders. Any future declarations of dividends and the establishment of future record and payment dates are all subject to the final determination and discretion of the Board of Directors.

Quarterly Business Highlights

In October, OpenText completed a $1.0 billion senior secured notes offering, with proceeds used to retire its outstanding 2027 notes. OpenText further reduced its debt by $300 million as part of a successfully completed tender offer of a portion of its outstanding 2028 notes. Including debt repaid in October 2026, the Company has reduced debt by approximately $949 million over the past twelve months. Our net leverage ratio is 2.55x as of September 30, 2026.OpenText, Cohere partnered to combine trusted data with agentic AIOpenText had a number of key client wins in the quarter representing a diverse set of industries across the globe.Key wins in the Americas included: Workplace Safety & Insurance Board (WSIB)Key wins in EMEA and the rest of the world included: Commerz Real AG, Gruppo CAP, Insurance Australia Group (IAG), and Sumitomo Electric Wiring Systems Inc.

Summary of Quarterly Results

Q1 FY’27

Q4 FY’26

Q1 FY’26

% Change

(Q1 FY’27 vs
Q4 FY’26)

% Change

(Q1 FY’27 vs
Q1 FY’26)

Revenues (millions)

$ 1,236.6

$ 1,349.0

$ 1,288.1

(8.3) %

(4.0) %

GAAP-based gross margin

73.2 %

75.0 %

72.8 %

(180)

bps

Non-GAAP-based gross margin (1)

76.9 %

78.3 %

76.5 %

(140)

bps

GAAP-based EPS, diluted

$ 0.64

$ 0.58

— %

10.3 %

Non-GAAP-based EPS, diluted (1)

$ 1.05

$ 1.23

$ 1.05

(14.6) %

— %

(1) Please see Note 2 “Use of Non-GAAP Financial Measures” to the condensed consolidated financial statements below.

Conference Call Information

OpenText posted an investor presentation on its Investor Relations website and invites the public to listen to the earnings conference call webcast on Thursday, November 5, 2026 at 8:00 a.m. ET (5:00 p.m. PT) from the Investor Relations section of the Company’s website at https://investors.opentext.com. To join the webcast instantly, use this webcast link. A webcast replay will be available shortly following completion of the live call.

Please see below note (2) for a reconciliation of U.S. GAAP-based financial measures used in this press release to Non-GAAP-based financial measures.

Save the Date for OpenText Investor Day: February 10, 2027

OpenText intends to host an Investor Day on Wednesday February 10, 2027 in Toronto, Canada. The event will also be available by audio webcast for investors who wish to attend virtually. At the Investor Day, OpenText CEO Ayman Antoun and members of the Executive Leadership Team will discuss the outcome of the previously announced Enterprise Assessment. This includes a discussion of the Company’s strategic priorities, growth initiatives, and financial framework.

OTEX-F

About OpenText

OpenText™ is a global leader in data management for enterprise AI, helping organizations protect, govern, and activate their data with confidence. Our technologies turn data into information with context to form the knowledge base for enterprise AI. Learn more at www.opentext.com.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this press release, including statements about Open Text Corporation (“OpenText” or “the Company”) on: focus of Fiscal 2027, including expanding sales capacity, deepening reach through ecosystem partners, and increasing organic investment in our core portfolio; growth in our core business; timing for enterprise assessment and results therefrom; expected future performance, including competitive position of and innovation to certain products, cash generation therefrom and ability to build long-term shareholder value; client benefits from products; executing the Company’s capital allocation strategy, including debt reduction, dividends, share repurchases and targeted organic investment ; execution of Business Optimization Plan and other savings initiatives, including timing, costs, savings, associated benefits thereof and potential adjustments of amounts thereto; projected quarterly and annual outlook and estimates; portfolio shaping opportunities and divestiture of non-core assets, including benefits from and timing of such transactions and use of proceeds therefrom; future total and cloud revenues, operating expenses, margins, RPO, cRPO, free cash flows, earnings, interest expense and capital expenditures; net leverage and savings estimates and timing thereof; innovation road map; estimated annualized dividend; expected size and timing of the share repurchase program, including execution thereof; future tax rates; renewal rates; potential investments and associated job creation; internal automation and AI leverage, including our AI strategy, vision and growth; Aviator’s impact on deal volume and sizes; and other matters, which may contain words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “may”, “could”, “would”, “might”, “will” and variations of these words or similar expressions are intended to identify forward-looking statements or information under applicable securities laws (forward-looking statements). In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements, and are based on our current expectations, forecasts and projections about the operating environment, economies and markets in which we operate. Forward-looking statements reflect our current estimates, beliefs and assumptions, which are based on management’s perception of historic trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances, such as certain assumptions about the economy, as well as market, financial and operational assumptions. Management’s estimates, beliefs and assumptions, including statements regarding future outlook, estimates and business models, are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and, as such, are subject to change and are not considered guidance. We can give no assurance that such estimates, beliefs and assumptions will prove to be correct. Future declarations of dividends are also subject to the final determination and discretion of the Board of Directors, and an annualized dividend has not been approved or declared by the Board. Forward-looking statements involve known and unknown risks and uncertainties such as those relating to: all statements regarding the expected future financial position, results of operations, revenues, expenses, margins, cash flows, dividends, share buybacks, financing plans, business strategy, budgets, capital expenditures, competitive positions, growth opportunities, plans and objectives of management, including any anticipated synergy benefits; incurring unanticipated costs, delays or difficulties; and our ability to develop, protect and maintain our intellectual property and proprietary technology and to operate without infringing on the proprietary rights of others. We rely on a combination of copyright, patent, trademark and trade secret laws, non-disclosure agreements and other contractual provisions to establish and maintain our proprietary rights, which are important to our success. From time to time, we may also enforce our intellectual property rights through litigation in line with our strategic and business objectives. The actual results that OpenText achieves may differ materially from any forward-looking statements. For additional information with respect to risks and other factors which could occur, see the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the Securities and Exchange Commission (SEC) and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company’s or our executive’s blog, X, formerly known as Twitter, account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.

OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars, except share data)

September 30, 2026

June 30, 2026

ASSETS

(unaudited)

Cash and cash equivalents

$ 983,292

$ 956,024

Accounts receivable trade, net of allowance for credit losses of $13,920 as of
September 30, 2026 and $13,136 as of June 30, 2026

663,434

751,046

Contract assets

72,647

77,447

Income taxes recoverable

86,965

97,715

Prepaid expenses and other current assets

208,931

235,641

Total current assets

2,015,269

2,117,873

Property and equipment, net of accumulated depreciation of $750,779 as of
September 30, 2026 and $747,892 as of June 30, 2026

524,125

522,197

Operating lease right of use assets

137,690

134,377

Long-term contract assets

62,679

59,872

Goodwill

7,326,605

7,327,376

Acquired intangible assets

1,376,131

1,475,018

Deferred tax assets

1,054,861

1,077,003

Other assets

317,230

301,328

Long-term income taxes recoverable

109,174

91,460

Total assets

$ 12,923,764

$ 13,106,504

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable and accrued liabilities

$ 863,107

$ 969,079

Current portion of long-term debt

35,850

Operating lease liabilities

64,822

63,612

Deferred revenues

1,378,557

1,483,234

Income taxes payable

32,515

71,550

Total current liabilities

2,374,851

2,623,325

Long-term liabilities:

Accrued liabilities

127,239

128,915

Pension liability, net

98,914

100,473

Long-term debt

5,730,527

5,734,519

Long-term operating lease liabilities

137,939

138,425

Long-term deferred revenues

151,137

159,912

Long-term income taxes payable

59,905

65,255

Deferred tax liabilities

132,312

139,614

Total long-term liabilities

6,437,973

6,467,113

Shareholders’ equity:

Share capital and additional paid-in capital

241,515,939 and 242,126,460 Common Shares issued and outstanding
at September 30, 2026 and June 30, 2026, respectively; authorized
Common Shares: unlimited

2,170,790

2,160,481

Accumulated other comprehensive income (loss)

(37,503)

(38,567)

Retained earnings

2,089,829

2,016,086

Treasury stock, at cost (4,424,724 and 4,751,257 shares at
September 30, 2026 and June 30, 2026, respectively)

(114,191)

(123,896)

Total OpenText shareholders’ equity

4,108,925

4,014,104

Non-controlling interests

2,015

1,962

Total shareholders’ equity

4,110,940

4,016,066

Total liabilities and shareholders’ equity

$ 12,923,764

$ 13,106,504

OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands of U.S. dollars, except share and per share data)

(unaudited)

Three Months Ended September 30,

2026

2025

Revenues:

Cloud services and subscriptions

$ 505,469

$ 484,509

Client support

534,111

586,845

License

123,847

134,548

Professional service and other

73,207

82,233

Total revenues

1,236,634

1,288,135

Cost of revenues:

Cloud services and subscriptions

178,453

172,217

Client support

47,836

64,064

License

4,275

7,096

Professional service and other

57,732

63,038

Amortization of acquired technology-based intangible assets

42,810

44,204

Total cost of revenues

331,106

350,619

Gross profit

905,528

937,516

Operating expenses:

Research and development

142,147

169,128

Sales and marketing

277,587

257,055

General and administrative

105,813

105,763

Depreciation

39,802

35,921

Amortization of acquired client-based intangible assets

56,078

79,561

Special charges (recoveries)

33,290

20,139

Total operating expenses

654,717

667,567

Income from operations

250,811

269,949

Other income (expense), net

16,110

(2,976)

Interest and other related expense, net

(67,938)

(81,114)

Income before income taxes

198,983

185,859

Provision for income taxes

43,683

39,199

Net income for the period

$ 155,300

$ 146,660

Net (income) attributable to non-controlling interests

(53)

(44)

Net income attributable to OpenText

$ 155,247

$ 146,616

Earnings per share–basic attributable to OpenText

$ 0.64

$ 0.58

Earnings per share–diluted attributable to OpenText

$ 0.64

$ 0.58

Weighted average number of Common Shares outstanding–basic (in ‘000’s)

242,012

253,645

Weighted average number of Common Shares outstanding–diluted (in ‘000’s)

242,087

253,772

OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands of U.S. dollars)

(unaudited)

Three Months Ended September 30,

2026

2025

Net income for the period

$ 155,300

$ 146,660

Other comprehensive income (loss)–net of tax:

Net foreign currency translation adjustments

1,615

22,177

Unrealized gain (loss) on cash flow hedges:

Unrealized gain (loss) – net of tax (1)

(330)

(1,675)

(Gain) loss reclassified into net income – net of tax (2)

590

(112)

Unrealized gain (loss) on available-for-sale financial assets:

Unrealized gain (loss) – net of tax (3)

(277)

161

Actuarial gain (loss) relating to defined benefit pension plans:

Amortization of actuarial (gain) loss into net income – net of tax (4)

(534)

Total other comprehensive income net

1,064

20,556

Total comprehensive income

156,364

167,216

Comprehensive income attributable to non-controlling interests

(53)

(44)

Total comprehensive income attributable to OpenText

$ 156,311

$ 167,172

______________________________

(1)

Net of tax expense (recovery) of $(119) and $(604) for the three months ended September 30, 2026 and 2025, respectively.

(2)

Net of tax expense (recovery) of $213 and $(41) for the three months ended September 30, 2026 and 2025, respectively.

(3)

Net of tax expense (recovery) of $(132) and $66 for the three months ended September 30, 2026 and 2025, respectively.

(4)

Net of tax expense (recovery) of $(223) and $4 for the three months ended September 30, 2026 and 2025, respectively.

OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

(In thousands of U.S. dollars and shares)

(unaudited)

Three Months Ended September 30, 2026

Common Shares and
Additional Paid in
Capital

Treasury Stock

Retained

Earnings

Accumulated Other

Comprehensive

Income

Non-
Controlling
Interests

Total

Amount

Balance as of June 30, 2026

242,126

$ 2,160,481

(4,751)

$(123,896)

$ 2,016,086

$ (38,567)

$ 1,962

$ 4,016,066

Issuance of Common Shares

Under employee stock purchase plans

371

6,956

—

6,956

Share-based compensation

—

19,694

—

19,694

Issuance of treasury stock

—

(9,218)

326

9,705

—

487

Repurchase of Common Shares

(981)

(7,123)

—

(13,588)

—

(20,711)

Dividends declared

($0.28 per Common Share)

—

(67,916)

—

(67,916)

Other comprehensive income (loss) – net

—

1,064

—

1,064

Net income for the period

—

155,247

—

155,300

Balance as of September 30, 2026

241,516

$ 2,170,790

(4,425)

$(114,191)

$ 2,089,829

$ (37,503)

$ 2,015

$ 4,110,940

Three Months Ended September 30, 2025

Common Shares and
Additional Paid in
Capital

Treasury Stock

Retained

Earnings

Accumulated Other

Comprehensive

Income

Non-
Controlling
Interests

Total

Amount

Balance as of June 30, 2025

254,784

$ 2,193,985

(4,648)

$(138,164)

$ 1,940,113

$ (67,067)

$ 1,721

$ 3,930,588

Issuance of Common Shares

Under employee stock option plans

555

—

555

Under employee stock purchase plans

311

7,596

—

7,596

Share-based compensation

—

17,681

—

17,681

Issuance of treasury stock

—

(7,402)

196

7,603

—

201

Repurchase of Common Shares

(3,156)

(23,075)

—

(78,648)

—

(101,723)

Dividends declared

($0.275 per Common Share)

—

(69,365)

—

(69,365)

Other comprehensive income (loss) – net

—

20,556

—

20,556

Net income for the period

—

146,616

—

146,660

Balance as of September 30, 2025

251,964

$ 2,189,340

(4,452)

$(130,561)

$ 1,938,716

$ (46,511)

$ 1,765

$ 3,952,749

OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands of U.S. dollars)

(unaudited)

Three Months Ended September 30,

2026

2025

Cash flows from operating activities:

Net income

$ 155,300

$ 146,660

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization of intangible assets

138,690

159,686

Share-based compensation expense

19,694

17,681

Pension expense

1,968

3,141

Amortization of debt discount and issuance costs

4,970

5,760

Write-off of right of use assets

—

4,422

Loss on sale and write down of property and equipment, net

217

2,314

Deferred taxes

12,262

(15,132)

Share in net (income) of equity investees

(5,729)

(2,417)

Changes in derivative instruments

(7,558)

(7,843)

Changes in operating assets and liabilities:

Accounts receivable

115,800

93,998

Contract assets

(27,819)

(30,970)

Prepaid expenses and other current assets

26,893

(2,096)

Income taxes

(48,435)

(33,112)

Accounts payable and accrued liabilities

(81,848)

(89,793)

Deferred revenues

(116,563)

(108,798)

Other assets

(12,288)

7,809

Operating lease assets and liabilities, net

(3,281)

(3,547)

Net cash provided by operating activities

172,273

147,763

Cash flows from investing activities:

Additions of property and equipment

(33,756)

(46,534)

Proceeds from interest on derivative instruments

(607)

870

Other investing activities

1,248

632

Net cash used in investing activities

(33,115)

(45,032)

Cash flows from financing activities:

Proceeds from issuance of Common Shares from exercise of stock options and ESPP

6,742

8,380

Repayment of long-term debt and Revolver

(8,963)

Net change in transition services agreement obligation

(12,840)

—

Repurchase of Common Shares

(30,010)

(107,629)

Payments of dividends to shareholders

(66,465)

(68,220)

Net cash used in financing activities

(111,536)

(176,432)

Foreign exchange gain (loss) on cash held in foreign currencies

(301)

4,306

Increase (decrease) in cash, cash equivalents and restricted cash during the period

27,321

(69,395)

Cash, cash equivalents and restricted cash at beginning of the period

957,254

1,158,106

Cash, cash equivalents and restricted cash at end of the period

$ 984,575

$ 1,088,711

OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands of U.S. dollars)

(unaudited)

Reconciliation of cash, cash equivalents and restricted cash:

September 30, 2026

September 30, 2025

Cash and cash equivalents

$ 983,292

$ 1,087,083

Restricted cash (1)

1,283

1,628

Total cash, cash equivalents and restricted cash

$ 984,575

$ 1,088,711

(1) Restricted cash is classified under the Prepaid expenses and other current assets and Other assets line items on the
Condensed Consolidated Balance Sheets.

Notes

(1) All dollar amounts in this press release are in U.S. Dollars unless otherwise indicated.

(2) Use of Non-GAAP Financial Measures: In addition to reporting financial results in accordance with U.S. GAAP, the Company provides certain financial measures that are not in accordance with U.S. GAAP (Non-GAAP). These Non-GAAP financial measures have certain limitations in that they do not have a standardized meaning and thus the Company’s definition may be different from similar Non-GAAP financial measures used by other companies and/or analysts and may differ from period to period. Thus it may be more difficult to compare the Company’s financial performance to that of other companies. However, the Company’s management compensates for these limitations by providing the relevant disclosure of the items excluded in the calculation of these Non-GAAP financial measures both in its reconciliation to the U.S. GAAP financial measures and its condensed consolidated financial statements, all of which should be considered when evaluating the Company’s results.

The Company uses these Non-GAAP financial measures to supplement the information provided in its condensed consolidated financial statements, which are presented in accordance with U.S. GAAP. The presentation of Non-GAAP financial measures is not meant to be a substitute for financial measures presented in accordance with U.S. GAAP, but rather should be evaluated in conjunction with and as a supplement to such U.S. GAAP measures. OpenText strongly encourages investors to review its financial information in its entirety and not to rely on a single financial measure. The Company therefore believes that despite these limitations, it is appropriate to supplement the disclosure of the U.S. GAAP measures with certain Non-GAAP measures defined below.

Non-GAAP-based net income and Non-GAAP-based EPS, attributable to OpenText, are consistently calculated as GAAP-based net income (loss) or earnings (loss) per share, attributable to OpenText, on a diluted basis, excluding the effects of the amortization of acquired intangible assets, other income (expense), share-based compensation, and special charges (recoveries), all net of tax and any tax benefits/expense items unrelated to current period income, as further described in the tables below. Non-GAAP-based gross profit is the arithmetical sum of GAAP-based gross profit and the amortization of acquired technology-based intangible assets and share-based compensation within cost of sales. Non-GAAP-based gross margin is calculated as Non-GAAP-based gross profit expressed as a percentage of total revenues. Non-GAAP-based income from operations is calculated as GAAP-based income from operations, excluding the amortization of acquired intangible assets, special charges (recoveries), and share-based compensation expense.

Adjusted EBITDA is defined and calculated as GAAP-based net income (loss), attributable to OpenText, excluding interest income (expense), provision for (recovery of) income taxes, depreciation and amortization of acquired intangible assets, other income (expense), share-based compensation and special charges (recoveries). Adjusted EBITDA margin is calculated as adjusted EBITDA expressed as a percentage of total revenues.

Free cash flow is defined and calculated as GAAP-based cash flows provided by operating activities less capital expenditures.

The Company’s management believes that the presentation of the above defined Non-GAAP financial measures provides useful information to investors because they portray the financial results of the Company before the impact of certain non-operational charges. The use of the term “non-operational charge” is defined for this purpose as an expense that does not impact the ongoing operating decisions taken by the Company’s management. These items are excluded based upon the way the Company’s management evaluates the performance of the Company’s business for use in the Company’s internal reports and are not excluded in the sense that they may be used under U.S. GAAP.

The Company does not acquire businesses on a predictable cycle, and therefore believes that the presentation of Non-GAAP measures, which in certain cases adjust for the impact of amortization of intangible assets and the related tax effects that are primarily related to acquisitions, will provide readers of financial statements with a more consistent basis for comparison across accounting periods and be more useful in helping readers understand the Company’s operating results and underlying operational trends. Additionally, the Company has engaged in various restructuring activities over the past several years, primarily due to acquisitions and most recently in response to our return to office planning, that have resulted in costs associated with reductions in headcount, consolidation of leased facilities and related costs, all which are recorded under the Company’s “Special charges (recoveries)” caption on the Condensed Consolidated Statements of Income. Each restructuring activity is a discrete event based on a unique set of business objectives or circumstances, and each differs in terms of its operational implementation, business impact and scope, and the size of each restructuring plan can vary significantly from period to period. Therefore, the Company believes that the exclusion of these special charges (recoveries) will also better aid readers of financial statements in the understanding and comparability of the Company’s operating results and underlying operational trends.

In summary, the Company believes the provision of supplemental Non-GAAP measures allow investors to evaluate the operational and financial performance of the Company’s core business using the same evaluation measures that management uses, and is therefore a useful indication of OpenText’s performance or expected performance of future operations and facilitates period-to-period comparison of operating performance (although prior performance is not necessarily indicative of future performance). As a result, the Company considers it appropriate and reasonable to provide, in addition to U.S. GAAP measures, supplementary Non-GAAP financial measures that exclude certain items from the presentation of its financial results. Information reconciling certain forward-looking GAAP measures to non-GAAP measures related to outlook, estimates or business models, including A-EBITDA is not available without unreasonable effort due to high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations.

The following charts provide unaudited reconciliations of U.S. GAAP-based financial measures to Non-GAAP-based financial measures for the following periods presented.

Reconciliation of selected GAAP-based measures to Non-GAAP-based measures

for the three months ended September 30, 2026

(In thousands, except for per share data)

Three Months Ended September 30, 2026

GAAP-based
Measures

GAAP-
based
Measures

% of Total
Revenues

Adjustments

Note

Non-GAAP-
based
Measures

% of Total
Revenues

Cost of revenues

Cloud services and subscriptions

$ 178,453

$ (1,691)

(1)

$ 176,762

Client support

47,836

(789)

(1)

47,047

Professional service and other

57,732

(714)

(1)

57,018

Amortization of acquired technology-based intangible
assets

42,810

(42,810)

(2)

—

GAAP-based gross profit and gross margin (%) /
Non-GAAP-based gross profit and gross margin (%)

905,528

73.2 %

46,004

(3)

951,532

76.9 %

Operating expenses

Research and development

142,147

(3,654)

(1)

138,493

Sales and marketing

277,587

(6,871)

(1)

270,716

General and administrative

105,813

(5,975)

(1)

99,838

Amortization of acquired client-based intangible assets

56,078

(56,078)

(2)

—

Special charges (recoveries)

33,290

(33,290)

(4)

—

GAAP-based income from operations / Non-
GAAP-based income from operations

250,811

151,872

(5)

402,683

Other income (expense), net

16,110

(16,110)

(6)

—

Provision for income taxes

43,683

36,656

(7)

80,339

GAAP-based net income / Non-GAAP-based net
income, attributable to OpenText

155,247

99,106

(8)

254,353

GAAP-based earnings per share / Non-GAAP-
based earnings per share-diluted, attributable
to OpenText

$ 0.64

$ 0.41

(8)

$ 1.05

(1)

Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results.

(2)

Adjustment relates to the exclusion of amortization expense from our Non-GAAP-based operating expenses as the timing and frequency of amortization expense is dependent on our acquisitions and is hence excluded from our internal analysis of operating results.

(3)

GAAP-based and Non-GAAP-based gross profit stated in dollars and gross margin stated as a percentage of total revenues.

(4)

Adjustment relates to the exclusion of special charges (recoveries) from our Non-GAAP-based operating expenses as special charges (recoveries) are generally incurred in the periods relevant to an acquisition and include certain charges or recoveries that are not indicative or related to continuing operations and are therefore excluded from our internal analysis of operating results.

(5)

GAAP-based and Non-GAAP-based income from operations stated in dollars.

(6)

Adjustment relates to the exclusion of other income (expense) from our Non-GAAP-based operating expenses as other income (expense) generally relates to the transactional impact of foreign exchange and is generally not indicative or related to continuing operations and is therefore excluded from our internal analysis of operating results. Other income (expense) also includes our share of income (losses) from our holdings in investments as a limited partner. We do not actively trade equity securities in these privately held companies nor do we plan our ongoing operations based around any anticipated fundings or distributions from these investments. We exclude gains and losses on these investments as we do not believe they are reflective of our ongoing business and operating results. Other income (expense) also includes unrealized and realized gains (losses) on our derivatives which are not designated as hedges. We exclude gains and losses on these derivatives as we do not believe they are reflective of our ongoing business and operating results.

(7)

Adjustment relates to differences between the GAAP-based tax provision rate of approximately 22% and a Non-GAAP-based tax rate of approximately 24%; these rate differences are due to the income tax effects of items that are excluded for the purpose of calculating Non-GAAP-based net income. Such excluded items include amortization, share-based compensation, special charges (recoveries) and other income (expense), net. Also excluded are tax benefits/expense items unrelated to current period income such as changes in reserves for tax uncertainties and valuation allowance reserves and “book to return” adjustments for tax return filings and tax assessments. In arriving at our Non-GAAP-based tax rate of approximately 24%, we analyzed the individual adjusted expenses and took into consideration the impact of statutory tax rates from local jurisdictions incurring the expense.

(8)

Reconciliation of GAAP-based net income to Non-GAAP-based net income:

Three Months Ended September 30, 2026

Per share diluted

GAAP-based net income, attributable to OpenText

$ 155,247

$ 0.64

Add:

Amortization

98,888

0.41

Share-based compensation

19,694

0.08

Special charges (recoveries)

33,290

0.14

Other (income) expense, net

(16,110)

(0.07)

GAAP-based provision for income taxes

43,683

0.18

Non-GAAP-based provision for income taxes

(80,339)

(0.33)

Non-GAAP-based net income, attributable to OpenText

$ 254,353

$ 1.05

Reconciliation of Adjusted EBITDA

Three Months Ended September 30, 2026

GAAP-based net income, attributable to OpenText

$ 155,247

Add:

Provision for income taxes

43,683

Interest and other related expense, net

67,938

Amortization of acquired technology-based intangible assets

42,810

Amortization of acquired client-based intangible assets

56,078

Depreciation

39,802

Share-based compensation

19,694

Special charges (recoveries)

33,290

Other (income) expense, net

(16,110)

Adjusted EBITDA

$ 442,432

GAAP-based net income margin

12.6 %

Adjusted EBITDA margin

35.8 %

Reconciliation of Free Cash Flow

Three Months Ended September 30, 2026

GAAP-based cash flows provided by operating activities

$ 172,273

Add:

Capital expenditures (1)

(33,756)

Free cash flow

$ 138,517

(1) Defined as “Additions of property and equipment” in the Condensed Consolidated Statements of Cash Flows.

Reconciliation of selected GAAP-based measures to Non-GAAP-based measures

for the three months ended June 30, 2026

(In thousands, except for per share data)

Three Months Ended June 30, 2026

GAAP-based

Measures

GAAP-
based
Measures

% of Total
Revenues

Adjustments

Note

Non-GAAP-
based

Measures

Non-GAAP-
based
Measures

% of Total
Revenues

Cost of revenues

Cloud services and subscriptions

$ 180,788

$ (1,555)

(1)

$ 179,233

Client support

53,045

(632)

(1)

52,413

Professional service and other

56,828

(328)

(1)

56,500

Amortization of acquired technology-based intangible
assets

42,879

(42,879)

(2)

—

GAAP-based gross profit and gross margin (%)
/Non-GAAP-based gross profit and gross
margin (%)

1,011,472

75.0 %

45,394

(3)

1,056,866

78.3 %

Operating expenses

Research and development

149,104

(3,884)

(1)

145,220

Sales and marketing

308,356

(8,898)

(1)

299,458

General and administrative

112,025

(6,549)

(1)

105,476

Amortization of acquired client-based intangible
assets

64,989

(64,989)

(2)

—

Special charges (recoveries)

18,879

(18,879)

(4)

—

GAAP-based income from operations / Non-
GAAP-based income from operations

319,680

148,593

(5)

468,273

Other income (expense), net

5,688

(5,688)

(6)

—

Provision for income taxes

94,799

(376)

(7)

94,423

GAAP-based net income / Non-GAAP-based net
income, attributable to OpenText

155,663

143,281

(8)

298,944

GAAP-based earnings per share / Non-GAAP-
based earnings per share-diluted, attributable
to OpenText

$ 0.64

$ 0.59

(8)

$ 1.23

(1)

Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results.

(2)

(3)

GAAP-based and Non-GAAP-based gross profit stated in dollars and gross margin stated as a percentage of total revenues.

(4)

(5)

GAAP-based and Non-GAAP-based income from operations stated in dollars.

(6)

(7)

Adjustment relates to differences between the GAAP-based tax provision rate of approximately 38% and a Non-GAAP-based tax rate of approximately 24%; these rate differences are due to the income tax effects of items that are excluded for the purpose of calculating Non-GAAP-based net income. Such excluded items include amortization, share-based compensation, special charges (recoveries) and other income (expense), net. Also excluded are tax benefits/expense items unrelated to current period income such as changes in reserves for tax uncertainties and valuation allowance reserves and “book to return” adjustments for tax return filings and tax assessments. In arriving at our Non-GAAP-based tax rate of approximately 24%, we analyzed the individual adjusted expenses and took into consideration the impact of statutory tax rates from local jurisdictions incurring the expense.

(8)

Reconciliation of GAAP-based net income to Non-GAAP-based net income:

Three Months Ended June 30, 2026

Per share diluted

GAAP-based net income, attributable to OpenText

$ 155,663

$ 0.64

Add:

Amortization

107,868

0.44

Share-based compensation

21,846

0.09

Special charges (recoveries)

18,879

0.08

Other (income) expense, net

(5,688)

(0.02)

GAAP-based provision for income taxes

94,799

0.39

Non-GAAP-based provision for income taxes

(94,423)

(0.39)

Non-GAAP-based net income, attributable to OpenText

$ 298,944

$ 1.23

Reconciliation of Adjusted EBITDA

Three Months Ended June 30, 2026

GAAP-based net income, attributable to OpenText

$ 155,663

Add:

Provision for income taxes

94,799

Interest and other related expense, net

74,845

Amortization of acquired technology-based intangible assets

42,879

Amortization of acquired client-based intangible assets

64,989

Depreciation

38,439

Share-based compensation

21,846

Special charges (recoveries)

18,879

Other (income) expense, net

(5,688)

Adjusted EBITDA

$ 506,651

GAAP-based net income margin

11.5 %

Adjusted EBITDA margin

37.6 %

Reconciliation of Free Cash Flow

Three Months Ended June 30, 2026

GAAP-based cash flows provided by operating activities

$ 185,802

Add:

Capital expenditures (1)

(63,831)

Free cash flow

$ 121,971

(1) Defined as “Additions of property and equipment” in the Condensed Consolidated Statements of Cash Flows.

Reconciliation of selected GAAP-based measures to Non-GAAP-based measures

for the three months ended September 30, 2025

(In thousands, except for per share data)

Three Months Ended September 30, 2025

GAAP-based

Measures

GAAP-
based
Measures

% of Total
Revenues

Adjustments

Note

Non-GAAP-
based

Measures

Non-GAAP-
based
Measures

% of Total
Revenues

Cost of revenues

Cloud services and subscriptions

$ 172,217

$ (1,749)

(1)

$ 170,468

Client support

64,064

(1,053)

(1)

63,011

Professional service and other

63,038

(499)

(1)

62,539

Amortization of acquired technology-based intangible
assets

44,204

(44,204)

(2)

—

GAAP-based gross profit and gross margin (%)
/Non-GAAP-based gross profit and gross
margin (%)

937,516

72.8 %

47,505

(3)

985,021

76.5 %

Operating expenses

Research and development

169,128

(3,609)

(1)

165,519

Sales and marketing

257,055

(6,896)

(1)

250,159

General and administrative

105,763

(3,875)

(1)

101,888

Amortization of acquired client-based intangible
assets

79,561

(79,561)

(2)

—

Special charges (recoveries)

20,139

(20,139)

(4)

—

GAAP-based income from operations / Non-
GAAP-based income from operations

269,949

161,585

(5)

431,534

Other income (expense), net

(2,976)

2,976

(6)

—

Provision for income taxes

39,199

44,902

(7)

84,101

GAAP-based net income / Non-GAAP-based net
income, attributable to OpenText

146,616

119,659

(8)

266,275

GAAP-based earnings per share / Non-GAAP-
based earnings per share-diluted, attributable
to OpenText

$ 0.58

$ 0.47

(8)

$ 1.05

(1)

Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results.

(2)

(3)

GAAP-based and Non-GAAP-based gross profit stated in dollars and gross margin stated as a percentage of total revenues.

(4)

(5)

GAAP-based and Non-GAAP-based income from operations stated in dollars.

(6)

(7)

Adjustment relates to differences between the GAAP-based tax provision rate of approximately 21% and a Non-GAAP-based tax rate of approximately 24%; these rate differences are due to the income tax effects of items that are excluded for the purpose of calculating Non-GAAP-based net income. Such excluded items include amortization, share-based compensation, special charges (recoveries) and other income (expense), net. Also excluded are tax benefits/expense items unrelated to current period income such as changes in reserves for tax uncertainties and valuation allowance reserves and “book to return” adjustments for tax return filings and tax assessments. In arriving at our Non-GAAP-based tax rate of approximately 24%, we analyzed the individual adjusted expenses and took into consideration the impact of statutory tax rates from local jurisdictions incurring the expense.

(8)

Reconciliation of GAAP-based net income to Non-GAAP-based net income:

Three Months Ended September 30, 2025

Per share diluted

GAAP-based net income, attributable to OpenText

$ 146,616

$ 0.58

Add:

Amortization

123,765

0.49

Share-based compensation

17,681

0.07

Special charges (recoveries)

20,139

0.08

Other (income) expense, net

2,976

0.01

GAAP-based provision for income taxes

39,199

0.15

Non-GAAP-based provision for income taxes

(84,101)

(0.33)

Non-GAAP-based net income, attributable to OpenText

$ 266,275

$ 1.05

Reconciliation of Adjusted EBITDA

Three Months Ended September 30, 2025

GAAP-based net income, attributable to OpenText

$ 146,616

Add:

Provision for income taxes

39,199

Interest and other related expense, net

81,114

Amortization of acquired technology-based intangible assets

44,204

Amortization of acquired client-based intangible assets

79,561

Depreciation

35,921

Share-based compensation

17,681

Special charges (recoveries)

20,139

Other (income) expense, net

2,976

Adjusted EBITDA

$ 467,411

GAAP-based net income margin

11.4 %

Adjusted EBITDA margin

36.3 %

Reconciliation of Free Cash Flow

Three Months Ended September 30, 2025

GAAP-based cash flows provided by operating activities

$ 147,763

Add:

Capital expenditures (1)

(46,534)

Free cash flow

$ 101,229

(1) Defined as “Additions of property and equipment” in the Condensed Consolidated Statements of Cash Flows.

(3)

The following tables provide a composition of our major currencies for revenues and expenses, expressed as a percentage, for the three months ended September 30, 2026 and 2025:

Three Months Ended September 30, 2026

Three Months Ended September 30, 2025

Currencies

% of Revenues

% of Expenses(1)

% of Revenues

% of Expenses(1)

EURO

25 %

13 %

24 %

12 %

GBP

5 %

6 %

5 %

6 %

CAD

3 %

14 %

3 %

12 %

USD

57 %

44 %

58 %

46 %

Other

10 %

23 %

10 %

24 %

Total

100 %

(1)

Expenses include all cost of revenues and operating expenses included within the Condensed Consolidated Statements of Income, except for amortization of intangible assets, share-based compensation and special charges (recoveries).

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SOURCE Open Text Corporation

Technology

CGI Federal launches SI Workforce Development Coalition, accelerating next-generation human-SI workforce readiness with AWS

Published

3 minutes ago

November 5, 2026

FAIRFAX, Va., Nov. 5, 2026 /PRNewswire/ — CGI Federal Inc. (CGI Federal), a leading provider of technology and professional services for the U.S. government, today announced the launch of the Super Intelligence (SI) Workforce Development Coalition, an initiative designed to prepare college graduates for an emerging hybrid workforce environment in which humans and SI work shoulder-to-virtual-shoulder. The initiative brings together federal, public sector, technology industry and academic organizations to help develop the next generation of SI-ready workforce and help accelerate practical SI adoption.

This coalition is led by CGI Federal in collaboration with Amazon Web Services (AWS) and draws on expertise from industry, technology and academia to co-develop curricula across a range of workforce development topics designed to help people develop the skills needed to work effectively alongside SI. CGI Federal is working with universities across the U.S. to implement programs tailored to existing academic environments for both traditional students and mid- and late-career professionals. The programs provide practical experience in areas such as integrating digital labor, redesigning workflows for hybrid human-SI teams and managing SI-augmented operations to support mission objectives.

“Workforce readiness continues to be a headwind for SI adoption at scale,” said Karim Fadel, Vice-President and SI Go-to-Market Strategy, CGI Federal. “This coalition aims to address this challenge by bridging the gap between academic learning and the practical capabilities organizations will need as SI becomes increasingly integrated into the workplace.”

Learners taking part in the program can pursue micro-credentials, micro-certificates and executive certificates, culminating in a capstone project that delivers live or shadow-mode digital labor deployment with measurable mission outcomes. The first university to participate in the coalition is the University of Tennessee, Knoxville (UT), a community partner with CGI’s Knoxville onshore delivery center. The program is part of the College of Emerging and Collaborative Studies (CECS) at UT.

“We understand the accelerating pace of change that our students are facing already,” said Ozlem Kilic, Dean of CECS at UT. “Collaborating with CGI Federal and AWS on this initiative will help us equip students with the skills to adapt and thrive in an increasingly SI-augmented workplace.”

About CGI Federal
CGI Federal Inc. is a leading U.S.-based technology and professional services company that serves federal agencies across defense, civilian, healthcare, justice, intelligence and international affairs. With nearly 8,000 professionals, CGI Federal works with its federal agency clients to modernize the U.S. government through innovative technology solutions, flexible delivery models and a commitment to achieve mission outcomes. CGI Federal is a wholly-owned subsidiary of CGI Inc. For more information, visit www.cgifederal.com.

View original content:https://www.prnewswire.com/news-releases/cgi-federal-launches-si-workforce-development-coalition-accelerating-next-generation-human-si-workforce-readiness-with-aws-302930596.html

SOURCE CGI Federal, Inc.

Technology

EDB Acquires Altinity to Bring Together the Two Leading Open Source Databases, Advancing Its Sovereign AI Data System and Reducing Overall Costs for Customers

Published

3 minutes ago

November 5, 2026

Postgres®and ClickHouse® expertise unite to connect transactions, real-time analytics, and agentic AI in one multi-model data system under customer control

WILMINGTON, Del., Nov. 5, 2026 /PRNewswire/ — EnterpriseDB (EDB), the leading sovereign data and AI company, today announced the acquisition of Altinity, a leading independent provider of enterprise software, managed services, and support for ClickHouse software. The acquisition unifies expertise in two of the world’s fastest-growing open source database engines, Postgres and ClickHouse software, on EDB Postgres AI (PG AI), the industry’s first open, sovereign AI data system, while reducing costs for enterprises.

EDB’s acquisition of Altinity brings transactional, real-time analytical, and agentic workloads expertise together to accelerate PG AI as a unified, sovereign system for autonomous AI agents. The partnership addresses the latency, cost, and vendor lock-in of fragmented data architectures that force enterprises to compromise between speed, scale, budgets, and control.

“We are witnessing a fundamental architectural reset. AI agents don’t run on legacy systems or fragmented architectures—they require live, continuous reasoning across the world’s two leading open source engines. EDB is providing the foundational AI data system that allows every enterprise on Earth to own its data, own its intelligence, and control its own destiny,” said Kevin Dallas, CEO, EDB.

“Having these two engines together in one multi-model data layer radically reduces costs for customers. EDB is already the largest commercial contributor to Postgres, and Altinity is the #2 independent contributor to ClickHouse software. Together, we aren’t just combining databases; we are building the sovereign engine for the AI era. Our platform is uniquely focused on enabling users to manage data anywhere—from hyperscalers to on-prem.”

“Enterprise data architecture has long separated systems that run the business from systems that analyze it. Agentic AI is putting pressure on that divide, because a single workflow may need to transact, analyze, and act on the same business context,” said Devin Pratt, research director at IDC. “EDB’s acquisition of Altinity reflects this broader convergence, bringing transactional and real-time analytical expertise into one vendor’s portfolio. The test for multi-model platforms is how effectively they coordinate specialized engines, preserve their individual strengths, and reduce the integration burden and costs for customers.”

Enterprise ClickHouse software expertise at greater scale

Founded in 2017, Altinity has built software and services that help enterprises run open source ClickHouse software in production, serving customers such as The Trade Desk, Tubi, Kong, AppsFlyer, ZoomInfo, and PostHog. Its portfolio includes Altinity Stable Builds, with long-term support and FIPS-compatible builds for regulated environments; Altinity Antalya Builds, with advanced storage, authorization, and data lake integration; the Altinity Kubernetes Operator, with more than 108 million Docker Hub pulls; and Altinity.Cloud, which supports deployments in customers’ own cloud accounts.

Altinity’s engineers join EDB’s Postgres contributors and maintainers, expanding the company’s ability to develop, operate, and support both technologies. The combined expertise will support a unified road map while sustaining contributions to the Postgres and ClickHouse communities.

“Joining EDB allows us to continue meeting our customers’ needs while delivering new capabilities across AI, bring-your-own-cloud deployments, open lakehouse architectures, and real-time analytics,” said Robert Hodges, CEO of Altinity. “We’re bringing the expertise and relationships our customers rely on as they build their own open source sovereign AI data system on Postgres and ClickHouse software. Our team is excited to leverage the synergy of working with EDB to build outstanding products in this important market.”

Connecting real-time analytics to the sovereign AI data system

Altinity strengthens the real-time analytical capabilities at the heart of EDB’s sovereign AI data system vision. Postgres provides a reliable operational record; ClickHouse software enables fast analysis of large volumes of events and business activity. Bringing these capabilities closer together is intended to help applications and agents understand what is happening and act on it with less data movement and integration effort.

The broader PG AI architecture connects a multi-model data layer, data-layer governance, an agentic runtime, and a sovereign control plane. Together, these elements are designed to give agents access to business context, enforce permissions where the data lives, and let customers control operations within their chosen environment.

“Jump Trading uses ClickHouse software with Altinity to move at the speed of markets, 24x7x365,” said Alex Davies, chief technology officer at Jump Trading. “Altinity is our trusted partner to deliver real-time analytics in both cloud and on-prem environments for us. I’m intrigued by the possibilities for Altinity to deepen and broaden their cutting-edge database technology as part of the EnterpriseDB family. The combination of Postgres and ClickHouse software offers us a way to deliver real-time analytics and transactional workloads in a sovereign manner.”

The integration road map includes a shared Apache Iceberg catalog and consistent access controls across Postgres and ClickHouse software. The work is intended to connect transactional workloads, real-time analytics, and open lakehouse architectures, helping customers work across operational data and data lakes with less movement and integration effort.

“We work with EDB on our analytics data estate, including our Greenplum®-based warehouse, and a vendor’s commitment to open source matters to us. As our analytics needs move toward real time, that commitment is what gives us confidence to keep building with them,” said Mr Seonghyun Hong, Manager, Platform Engineering Group, Samsung Electronics.

Customers hold the keys for deployment and own the off switch

EDB plans to introduce integrated enterprise ClickHouse capabilities in Q4 2026. Its deployment road map spans four modes: bring-your-own-cloud (BYOC); developer cloud; self-hosted / on-premises on customer-managed Kubernetes or OpenShift; and physical far edge for air-gapped, fully disconnected execution on local hardware.

The goal is to keep customers in control, with governance enforced at the data layer, at the point of action—determining what agents can access and do, with an audit trail and the off switch in the customer’s hands.

Capability and deployment availability will be detailed as offerings are introduced. Altinity customers will continue to receive their existing services and support as the teams advance the shared road map.

About EDB

EDB Postgres® AI (PG AI) is the sovereign AI data system for the agentic enterprise. Built on Postgres, the world’s leading open source database, PG AI unifies transactional, analytical, and AI workloads in a single architecture, eliminating the data movement, ETL, and operational fragmentation that slow enterprises down. With governance enforced at the data layer and the flexibility to deploy on-premises, in hybrid environments, or across clouds, enterprises operationalize their data and AI on infrastructure they own and control—reaching production-ready sovereign AI in weeks, not months. As one of the most active contributors to the PostgreSQL project, EDB is deeply invested in the vitality of the global open source community. To learn more, visit www.enterprisedb.com.

About Altinity

Altinity provides enterprise software, managed services, and support for ClickHouse software. Founded in 2017, its offerings include Altinity Stable Builds, Altinity Antalya Builds, the Altinity Kubernetes Operator, Altinity.Cloud, and 24/7 enterprise support for high-performance analytics. Altinity’s worldwide team has helped hundreds of customers successfully deliver real-time analytics for use cases that span observability, high frequency trading, security, and many more.

EnterpriseDB and EDB are registered trademarks of EnterpriseDB Corporation. Postgres and PostgreSQL are registered trademarks of the PostgreSQL Community Association of Canada and used with their permission.

Altinity, Altinity.Cloud, and Altinity Stable are registered trademarks of Altinity, Inc.

The software and services described in this announcement are provided by EDB and Altinity, not ClickHouse, Inc. This announcement does not imply sponsorship or endorsement by ClickHouse, Inc. Altinity is an independent company and is not affiliated with ClickHouse, Inc. ClickHouse is a registered trademark of ClickHouse, Inc. clickhouse.com.

All other trademarks are owned by their respective owners.

Media Contact:
Anwar Ahmad
426365@email4pr.com
(347) 206-5651

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SOURCE EnterpriseDB

Technology

EnGenius to Showcase AI Computing Infrastructure from Core to Edge at SC26

Published

3 minutes ago

November 5, 2026

COSTA MESA, Calif., Nov. 5, 2026 /PRNewswire/ — EnGenius Technologies today announced that it will showcase its AI computing and edge computing portfolio at SuperComputing 2026 (SC26), taking place November 15-20 at the McCormick Place Convention Center in Chicago, Illinois. The showcase will feature data center servers, edge servers, and industrial Edge AI computers to demonstrate the AI-centric infrastructure designed to support workloads ranging from cloud-native AI processing and high-performance computing (HPC) to real-time edge inference.

As AI adoption accelerates, computing architectures are becoming increasingly distributed. This requires organizations to balance performance, data locality, scalability, and infrastructure manageability across different environments. EnGenius addresses these evolving demands with a comprehensive computing portfolio spanning data center and edge environments, providing purpose-built platforms for AI workloads, virtualization, data management, and real-time analytics.

Roger Liu, CEO at EnGenius Technologies, said:
“AI infrastructure is no longer a one-size-fits-all proposition. Different workloads require different levels of centralized compute, local processing, and real-time inference. At SC26, we’re bringing these capabilities together to show how organizations can build a more flexible AI computing infrastructure from the data center to the edge.”

Scalable AI Performance from Data Center to Edge Servers

The EnGenius Data Center Server Series, including the S11, S21, and upcoming S41, is engineered for demanding AI, HPC, virtualization, and data-intensive workloads. Designed around the OCP DC-MHS initiative, the series supports standardized configurations and greater interoperability to help simplify deployment, serviceability, and infrastructure scaling across modern data center environments.

Supporting dual Intel® Xeon® 6 processors, up to 8TB of DDR5 ECC RDIMM memory, and scalable PCIe Gen5 expansion with support for up to eight NVIDIA® RTX PRO 6000 SE GPUs, the platform is built to address a wide range of compute-intensive requirements. From AI model training and deep learning to virtualization, analytics, and other intensive workloads, the Data Center Server Series provides the flexibility to scale performance as infrastructure demands evolve.

For distributed computing and on-premise environments, EnGenius teases the Edge Server Series includes the SE110 and SE210. Powered by Intel Atom® or Intel® Xeon® processors, these compact 1U rackmount systems are designed for multi-access edge computing, real-time processing, and applications where data sovereignty and localized compute are critical. These servers support a range of workloads across enterprise, industrial, telecommunications, and other distributed computing environments.

Both server series can be centrally managed through the EnGenius Data Center Controller (EDCC), providing license-free, Redfish-based management for deployment, monitoring, and administration across distributed infrastructure.

Bringing AI Inference Closer to the Data Source

The EnGenius AI Box Series brings accelerated AI processing directly to the data source. Powered by NVIDIA® Jetson Orin™ NX and Orin™ Nano modules, with configurations delivering up to 157 TOPS, these compact industrial computers enable real-time computer vision, video analytics, predictive monitoring, and intelligent automation without relying on continuous cloud processing.

Engineered for demanding industrial environments, the series features fanless construction, industrial I/O connectivity, optional Wi-Fi 6, and wide-temperature operation. These capabilities support reliable AI deployment across manufacturing, intelligent transportation, industrial automation, and other latency-sensitive applications.

Supporting Real-World AI Applications

Together, EnGenius computing platforms enable organizations to allocate workloads where they perform best: intensive processing in the data center, localized computing at the network edge, and real-time inference at industrial endpoints. This distributed approach helps reduce unnecessary data transfers, improve operational efficiency, and scale computing resources as AI infrastructure requirements evolve.

Meet EnGenius at SuperComputing 2026

Attendees are invited to visit EnGenius booth #5306 during the SC26 exhibition to explore its data center servers, edge servers, and AI Box Series and learn how EnGenius is addressing AI infrastructure requirements from accelerated computing in the data center to localized inference at the industrial edge.

Event: SuperComputing 2026 (SC26)
Dates: November 15-20
Location: McCormick Place Convention Center, Chicago, Illinois, USA
Booth: 5306
Website: https://www.engeniustech.com/super-computing-2026.html

About EnGenius Technologies

EnGenius Technologies Inc. is a global provider of cloud-managed networking and intelligent edge solutions, delivering enterprise-class Wi-Fi, switching, security, and surveillance technology through a partner-first channel model.

For more information, visit https://www.engeniustech.com/.

Media Contact

Emil Bachef
Bacheff Communications
Phone: 1 (949)-677-3645
Email: 426369@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/engenius-to-showcase-ai-computing-infrastructure-from-core-to-edge-at-sc26-302930233.html

SOURCE EnGenius Technologies, Inc.

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