Market Expansion and Value Creation

Reconciliation of Selected Non-GAAP Measures | FY'23 Year ended June 30, 2023 GAAP % of (In '000's U.S. dollars, except per share data) COST OF REVENUES Cloud services and subscriptions GAAP Total Revenue Adjustments FN Non-GAAP Non-GAAP % of Total Revenue 590,165 (10,664) (1) 579,501 Customer support 209,705 (3,627) (1) 206,078 Professional service and other 276,888 (6,998) (1) 269,890 Amortization of acquired technology-based intangible assets 223,184 (223,184) (2) GAAP-based gross profit and gross margin (%) / Non-GAAP-based gross profit and gross margin (%) 3,168,393 70.6% 244,473 (3) 3,412,866 76.1% Operating expenses Research and development 680,587 (39,065) (1) Sales and marketing 948,598 (41,710) (1) General and administrative 419,590 (28,238) (1) 641,522 906,888 391,352 Amortization of acquired customer-based intangible assets 326,406 (326,406) (2) Special charges (recoveries) 169,159 (169,159) (4) GAAP-based income from operations / Non-GAAP-based income from operations 516,292 Other income (expense), net 34,469 Provision for income taxes 70,767 849,051 5 (34,469) (6) 74,261 (7) 1,365,343 145,028 GAAP-based net income / Non-GAAP-based net income, attributable to OpenText 150,379 740,321 (8) 890,700 GAAP-based earnings per share / Non-GAAP-based earnings per share-diluted, attributable to OpenText 0.56 $ 2.73 (8) $ 3.29 opentext™ © 2023 Open Text 45

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