OpenText Results Presentation Deck

Reconciliation of Selected Non-GAAP Measures | FY'19 YTD Six Months Ended December 31, 2018 (in '000s USD) 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 Sales and marketing General and administrative Amortization of acquired customer-based intangible assets Special charges (recoveries) GAAP-based income from operations / Non-GAAP-based income from operations Other income (expense), net Provision for (recovery of) income taxes GAAP-based net income / Non-GAAP-based net income, attributable to Open Text GAAP-based earnings per share / Non GAAP-based earnings per share- diluted, attributable to Open Text opentext™ $ $ GAAP 176,401 61,738 112,826 95,843 948,053 153,223 246,375 103,122 91,795 32,691 273,159 1,900 66,086 140,756 0.52 GAAP % of Total Revenue 67.6% $ GA $ Adjustments FN (582) (1) (571) (1) (882) (1) (95,843) (2) 97,878 (3) (2,353) (1) (3,416) (1) (5,636) (1) (91,795) (2) (32,691) (4) 233,769 (5) (1,900) (6) (4,656) (7) 236,525 (8) 0.88 (8) $ $ Non- GAAP 175,819 61,167 111,944 1,045,931 150,870 242,959 97,486 506,928 61,430 377,281 1.40 Non-GAAP % of Total Revenue 74.6% Open Text Confidential. ©2020 All Rights Reserved. 21

View entire presentation