New CEO outlines strategic priorities as company raises fiscal 2026 free cash flow growth guidance to 22%-25%.
OpenText raised its fiscal 2026 free cash flow growth target to 22%-25%, signaling confidence in its financial outlook. The company also increased its cloud revenue ambitions during its Q3 earnings call.
Management cited four key priorities under new CEO Ayman Antoun, who began his tenure 14 days ago. The guidance update follows a period of strategic review, though specific prior targets or consensus estimates were not disclosed.
The announcement reflects a focus on cloud expansion and operational efficiency, though immediate market reaction details were not provided.