FY'24 Medium-Term Aspirations

Reconciliation of Selected Non-GAAP Measures | Q3 FY'21 (In '000's U.S. dollars, except per share data) Three Months Ended March 31, 2021 GAAP % of GAAP Adjustments FN Non-GAAP Total Revenue Non-GAAP % of Total Revenue COST OF REVENUES Cloud services and subscriptions 123,729 (505) (1) 123,224 Customer support 30,953 (464) (1) 30,489 Professional service and other 50,321 (684) (1) 49,637 Amortization of acquired technology-based intangible assets 53,453 (53,453) (2) GAAP-based gross profit and gross margin (%) / 571,665 68.6% Non-GAAP-based gross profit and gross margin (%) 55,106 (3) 626,771 75.2% Operating expenses Research and development 110,071 (2,146) (1) 107,925 Sales and marketing 158,687 (4,580) (1) 154,107 General and administrative 71,548 (3,978) (1) 67,570 Amortization of acquired customer-based intangible assets 54,156 (54,156) (2) Special charges (recoveries) 2,846 (2,846) (4) GAAP-based income from operations / Non-GAAP-based income from operations 152,396 122,812 (5) 275,208 Other income (expense), net 8,283 (8,283) (6) Provision for income taxes 31,818 1,485 (7) 33,303 GAAP-based net income / Non-GAAP-based net income, attributable to OpenText 91,490 113,044 (8) 204,534 GAAP-based earnings per share / Non-GAAP-based earnings per share- diluted, attributable to OpenText 0.33 0.42 (8) 0.75 opentext™ OpenText ©2022 All rights reserved 50

View entire presentation