Market Expansion and Value Creation

Reconciliation of Selected Non-GAAP Measures | Q4 FY'23 Three Months Ended June 30, 2023 (In '000's U.S. dollars, 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 69 GAAP % of GAAP Total Revenue Adjustments FN Non-GAAP Non-GAAP % of Total Revenue 166,394 (2,876) (1) 163,518 86,695 (1,213) (1) 85,482 90,498 (1,826) (1) 88,672 77,045 (77,045) (2) 1,064,014 71.4% 82,960 (3) 1,146,974 76.9% 249,958 (13,584) (1) Sales and marketing 333,244 (13,467) (1) 236,374 319,777 General and administrative 136,866 (8,938) (1) 127,928 Amortization of acquired customer-based intangible assets 121,285 (121,285) (2) Special charges (recoveries) 70,222 (70,222) (4) GAAP-based income from operations / Non-GAAP-based income from operations 121,287 310,456 (5) 431,743 Other income (expense), net (25,355) 25,355 (6) Provision for (recovery of) income taxes (1,212) 41,240 (7) 40,028 GAAP-based net loss / Non-GAAP-based net income, attributable to OpenText (48,734) 294,571 (8) 245,837 GAAP-based earnings per share / Non-GAAP-based earnings per share-diluted, attributable to OpenText (0.18) GA 1.09 (8) EA 0.91 opentext™ © 2023 Open Text 43

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