Driving Shareholder Returns

Reconciliation of Selected Non-GAAP Measures | Q1 F20 Three Months Ended September 30, 2019 (in '000s USD, except per share data) COST OF REVENUES Cloud services and subscriptions Customer support Professional service and other Amortization of acquired technology-based intangible assets GAAP-based gross profit and gross margin (%) / Non-GAAP-based gross profit and gross margin (%) Operating expenses Research and development GAAP GAAP % of Total Revenue Adjustments FN Non-GAAP % of Non-GAAP Total Revenue $ 102,162 $ (383) 29,387 (316) (1) 54,338 (243) (1) 40,298 (40,298) (2) = = = @ (1) $ 101,779 29,071 54,095 468,380 67.2% 41,240 (3) 509,620 73.1% 81,178 (1,221) (1) Sales and marketing General and administrative 128,618 (2,116) 51,535 (2,612) (1) Amortization of acquired customer-based intangible assets 49,158 (49,158) (2) Special charges (recoveries) 5,101 (5,101) (4) = = = @ $ 79,957 126,502 48,923 GAAP-based income from operations / Non-GAAP-based income from operations 132,513 101,448 (5) 233,961 Other income (expense), net (2,785) 2,785 (6) Provision for (recovery of) income taxes 23,091 5,154 (7) 28,245 GAAP-based net income / Non-GAAP-based net income, attributable to OpenText 74,401 99,079 (8) 173,480 GAAP-based earnings per share / Non-GAAP-based earnings per share- diluted, attributable to OpenText $ 0.27 $ 0.37 (8) $ 0.64 opentext™ OpenText Confidential. ©2020 All Rights Reserved. 40

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