Open Text (OTEX) 10-Q 2 Nov 23 2024 Q1 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	3 Months Ended
	Sep. 30, 2023	Oct. 27, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	0-27544
Entity Registrant Name	OPEN TEXT CORP
Entity Incorporation, State or Country Code	Z4
Entity Tax Identification Number	98-0154400
Entity Address, Address Line One	275 Frank Tompa Drive,
Entity Address, City or Town	Waterloo,
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	N2L 0A1
City Area Code	519
Local Phone Number	888-7111
Title of 12(b) Security	Common stock without par value
Trading Symbol	OTEX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		271,514,728
Entity Central Index Key	0001002638
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Current Fiscal Year End Date	--06-30

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
ASSETS
Cash and cash equivalents	$ 919,850	$ 1,231,625
Accounts receivable trade, net of allowance for credit losses of $11,501 as of September 30, 2023 and $13,828 as of June 30, 2023 (Note 4)	676,594	682,517
Contract assets (Note 3)	78,562	71,196
Income taxes recoverable (Note 15)	70,179	68,161
Prepaid expenses and other current assets (Note 9)	199,917	221,732
Total current assets	1,945,102	2,275,231
Property and equipment (Note 5)	361,612	356,904
Operating lease right of use assets (Note 6)	266,053	285,723
Long-term contract assets (Note 3)	54,448	64,553
Goodwill (Note 7)	8,618,765	8,662,603
Acquired intangible assets (Note 8)	3,888,217	4,080,879
Deferred tax assets (Note 15)	996,514	926,719
Other assets (Note 9)	328,972	342,318
Long-term income taxes recoverable (Note 15)	94,193	94,270
Total assets	16,553,876	17,089,200
Current liabilities:
Accounts payable and accrued liabilities (Note 10)	836,042	996,261
Current portion of long-term debt (Note 11)	145,850	320,850
Operating lease liabilities (Note 6)	90,418	91,425
Deferred revenues (Note 3)	1,596,321	1,721,781
Income taxes payable (Note 15)	153,396	89,297
Total current liabilities	2,822,027	3,219,614
Long-term liabilities:
Accrued liabilities (Note 10)	49,333	51,961
Pension liability (Note 12)	125,616	126,312
Long-term debt (Note 11)	8,554,569	8,562,096
Long-term operating lease liabilities (Note 6)	252,629	271,579
Long-term deferred revenues (Note 3)	197,112	217,771
Long-term income taxes payable (Note 15)	148,822	193,808
Deferred tax liabilities (Note 15)	389,510	423,955
Total long-term liabilities	9,717,591	9,847,482
Shareholders’ equity:
Common shares	2,216,921	2,176,947
Accumulated other comprehensive income (loss) (Note 20)	(70,025)	(53,559)
Retained earnings	2,062,107	2,048,984
Treasury stock, at cost (4,753,281 and 3,536,375 shares at September 30, 2023 and June 30, 2023, respectively)	(196,119)	(151,597)
Total OpenText shareholders' equity	4,012,884	4,020,775
Non-controlling interests	1,374	1,329
Total shareholders’ equity	4,014,258	4,022,104
Total liabilities and shareholders’ equity	$ 16,553,876	$ 17,089,200

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Statement of Financial Position [Abstract]
Accounts receivable trade, allowance for credit losses	$ 11,501	$ 13,828
Common stock, shares issued (in shares)	271,227,929	270,902,571
Common stock, shares outstanding (in shares)	271,227,929	270,902,571
Treasury stock (in shares)	4,753,281	3,536,375

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Revenues (Note 3):
Total revenues	$ 1,425,429	$ 852,036
Cost of revenues:
Amortization of acquired technology-based intangible assets (Note 8)	76,824	42,637
Total cost of revenues	407,011	258,348
Gross profit	1,018,418	593,688
Operating expenses:
Research and development	234,437	110,198
Sales and marketing	271,801	167,170
General and administrative	131,211	78,074
Depreciation	34,091	23,174
Amortization of acquired customer-based intangible assets (Note 8)	120,192	54,438
Special charges (recoveries) (Note 18)	13,794	14,281
Total operating expenses	805,526	447,335
Income from operations	212,892	146,353
Other income (expense), net (Note 22)	20,170	(189,231)
Interest and other related expense, net	(141,764)	(40,382)
Income (loss) before income taxes	91,298	(83,260)
Provision for income taxes (Note 15)	10,352	33,625
Net income (loss) for the period	80,946	(116,885)
Net (income) attributable to non-controlling interests	(45)	(44)
Net income (loss) attributable to OpenText	$ 80,901	$ (116,929)
Earnings (loss) per share—basic attributable to OpenText (Note 23) (in dollars per share)	$ 0.30	$ (0.43)
Earnings (loss) per share—diluted attributable to OpenText (Note 23) (in dollars per share)	$ 0.30	$ (0.43)
Weighted average number of Common Shares outstanding—basic (in '000's) (in shares)	271,178	269,804
Weighted average number of Common Shares outstanding—diluted (in '000's) (in shares)	271,902	269,804
Cloud services and subscriptions
Revenues (Note 3):
Total revenues	$ 451,014	$ 404,651
Cost of revenues:
Costs of revenues	171,412	131,799
Customer support
Revenues (Note 3):
Total revenues	697,713	317,351
Cost of revenues:
Costs of revenues	75,014	27,354
License
Revenues (Note 3):
Total revenues	173,026	62,548
Cost of revenues:
Costs of revenues	3,839	2,758
Professional service and other
Revenues (Note 3):
Total revenues	103,676	67,486
Cost of revenues:
Costs of revenues	$ 79,922	$ 53,800

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss) for the period		$ 80,946	$ (116,885)
Other comprehensive income (loss)—net of tax:
Net foreign currency translation adjustments		(14,583)	(36,366)
Unrealized gain (loss) on cash flow hedges:
Unrealized gain (loss) - net of tax	[1]	(1,841)	(3,340)
(Gain) loss reclassified into net income - net of tax	[2]	9	588
Unrealized gain (loss) on available-for-sale financial assets:
Unrealized gain (loss) - net of tax	[3]	(221)	0
Actuarial gain (loss) relating to defined benefit pension plans:
Actuarial gain (loss) - net of tax	[4]	(19)	4,164
Amortization of actuarial (gain) loss into net income - net of tax	[5]	189	37
Total other comprehensive loss net, for the period		(16,466)	(34,917)
Total comprehensive income (loss)		64,480	(151,802)
Comprehensive income attributable to non-controlling interests		(45)	(44)
Total comprehensive income (loss) attributable to OpenText		$ 64,435	$ (151,846)
[1]Net of tax expense (recovery) of ($664) and $(1,206) for the three months ended September 30, 2023 and 2022, respectively.[2]Net of tax expense (recovery) of $3 and $212 for the three months ended September 30, 2023 and 2022, respectively.[3]Net of tax expense (recovery) of $59 and $— for the three months ended September 30, 2023 and 2022, respectively.[4]Net of tax expense (recovery) of $19 and $1,104 for the three months ended September 30, 2023 and 2022, respectively.[5]Net of tax expense (recovery) of $75 and $26 for the three months ended September 30, 2023 and 2022, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Unrealized gain (loss) - net of tax expense (recovery)	$ (664)	$ (1,206)
(Gain) loss reclassified into net income - net of tax expense (recovery)	3	212
Unrealized gain (loss), net of tax expense (recovery)	59	0
Actuarial gain (loss) - net of tax expense (recovery)	19	1,104
Amortization of actuarial (gain) loss into net income - net of tax expense (recovery)	$ 75	$ 26

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Shares and Additional Paid in Capital	Treasury Stock	Retained Earnings	Accumulated  Other Comprehensive Income	Non-Controlling Interests
Beginning balance (in shares) at Jun. 30, 2022		269,523,000
Beginning balance at Jun. 30, 2022	$ 4,032,260	$ 2,038,674	$ (159,966)	$ 2,160,069	$ (7,659)	$ 1,142
Beginning balance (in shares) at Jun. 30, 2022			(3,706,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Under employee stock option plans (in shares)		72,000
Under employee stock option plans	1,994	$ 1,994
Under employee stock purchase plans (in shares)		286,000
Under employee stock purchase plans	9,179	$ 9,179
Share-based compensation	$ 23,208	23,208
Purchase of treasury stock (in shares)	0
Issuance of treasury stock	$ 0	$ (5,174)	$ 5,174
Issuance of treasury stock (in shares)	120,406		120,000
Dividends declared	$ (64,698)			(64,698)
Other comprehensive income (loss) - net	(34,917)				(34,917)
Net income (loss) for the period	(116,885)			(116,929)		44
Ending balance (in shares) at Sep. 30, 2022		269,881,000
Ending balance at Sep. 30, 2022	3,850,141	$ 2,067,881	$ (154,792)	1,978,442	(42,576)	1,186
Ending balance (in shares) at Sep. 30, 2022			(3,586,000)
Beginning balance (in shares) at Jun. 30, 2023		270,903,000
Beginning balance at Jun. 30, 2023	$ 4,022,104	$ 2,176,947	$ (151,597)	2,048,984	(53,559)	1,329
Beginning balance (in shares) at Jun. 30, 2023	(3,536,375)		(3,536,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Under employee stock option plans (in shares)	84,885	85,000
Under employee stock option plans	$ 2,892	$ 2,892
Under employee stock purchase plans (in shares)		240,000
Under employee stock purchase plans	8,641	$ 8,641
Share-based compensation	$ 37,004	37,004
Purchase of treasury stock (in shares)	(1,400,000)		(1,400,000)
Purchase of treasury stock	$ (53,085)		$ (53,085)
Issuance of treasury stock	$ 0	$ (8,563)	$ 8,563
Issuance of treasury stock (in shares)	183,313		183,000
Dividends declared	$ (67,778)			(67,778)
Other comprehensive income (loss) - net	(16,466)				(16,466)
Net income (loss) for the period	80,946			80,901		45
Ending balance (in shares) at Sep. 30, 2023		271,228,000
Ending balance at Sep. 30, 2023	$ 4,014,258	$ 2,216,921	$ (196,119)	$ 2,062,107	$ (70,025)	$ 1,374
Ending balance (in shares) at Sep. 30, 2023	(4,753,281)		(4,753,000)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.25	$ 0.24299

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss) for the period		$ 80,946	$ (116,885)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangible assets		231,107	120,249
Share-based compensation expense		37,095	23,208
Pension expense		3,171	1,387
Amortization of debt discount and issuance costs		5,496	1,480
Write-off of right of use assets		4,715	2,827
Loss on sale and write down of property and equipment		458	0
Deferred taxes		(88,630)	(20,667)
Share in net loss of equity investees		9,696	6,534
Changes in financial instruments		(17,895)	181,461
Changes in operating assets and liabilities:
Accounts receivable		31,304	59,494
Contract assets		(22,566)	(9,054)
Prepaid expenses and other current assets		19,326	(2,934)
Income taxes		29,597	15,834
Accounts payable and accrued liabilities		(124,214)	(27,179)
Deferred revenue		(150,476)	(53,779)
Other assets		4,104	(47,749)
Operating lease assets and liabilities, net		(6,113)	(2,268)
Net cash provided by operating activities		47,121	131,959
Cash flows from investing activities:
Additions of property and equipment		(37,539)	(36,324)
Micro Focus acquisition		(9,272)	0
Proceeds from net investment hedge derivative contracts		1,966	0
Other investing activities		(5,554)	0
Net cash used in investing activities		(50,399)	(36,324)
Cash flows from financing activities:
Proceeds from issuance of Common Shares from exercise of stock options and ESPP		11,453	10,037
Repayment of long-term debt and Revolver		(186,463)	(2,500)
Debt issuance costs		(1,961)	0
Purchase of treasury stock		(53,085)	0
Payments of dividends to shareholders		(66,965)	(64,698)
Net cash used in financing activities		(297,021)	(57,161)
Foreign exchange loss on cash held in foreign currencies		(11,503)	(28,102)
Increase (decrease) in cash, cash equivalents and restricted cash during the period		(311,802)	10,372
Cash, cash equivalents and restricted cash at beginning of the period		1,233,952	1,695,911
Cash, cash equivalents and restricted cash at end of the period		922,150	1,706,283
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents		919,850	1,704,385
Restricted cash	[1]	2,300	1,898
Total cash, cash equivalents and restricted cash		$ 922,150	$ 1,706,283
[1]Restricted cash is classified under the Prepaid expenses and other current assets and Other assets line items on the Condensed Consolidated Balance Sheets (Note 9).

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying Condensed Consolidated Financial Statements include the accounts of Open Text Corporation and our subsidiaries, collectively referred to as “OpenText” or the “Company.” We wholly own all of our subsidiaries with the exception of Open Text South Africa Proprietary Ltd. (OT South Africa), which as of September 30, 2023, was 70% owned by OpenText. All intercompany balances and transactions have been eliminated. The following Fiscal Year terms are used throughout this Quarterly Report on Form 10-Q: Fiscal Year Beginning Date Ending Date Fiscal 2025 July 1, 2024 June 30, 2025 Fiscal 2024 July 1, 2023 June 30, 2024 Fiscal 2023 July 1, 2022 June 30, 2023 Fiscal 2022 July 1, 2021 June 30, 2022 Fiscal 2021 July 1, 2020 June 30, 2021 Fiscal 2020 July 1, 2019 June 30, 2020 Fiscal 2019 July 1, 2018 June 30, 2019 Fiscal 2018 July 1, 2017 June 30, 2018 Fiscal 2017 July 1, 2016 June 30, 2017 Fiscal 2016 July 1, 2015 June 30, 2016 Fiscal 2015 July 1, 2014 June 30, 2015 Fiscal 2014 July 1, 2013 June 30, 2014 Fiscal 2013 July 1, 2012 June 30, 2013 Fiscal 2012 July 1, 2011 June 30, 2012 These Condensed Consolidated Financial Statements are expressed in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (U.S. GAAP). The information furnished reflects all adjustments necessary for a fair presentation of the results for the periods presented and includes the consolidated financial results of Micro Focus International Limited, formerly Micro Focus International plc, and its subsidiaries (Micro Focus), with effect from February 1, 2023 (see below and Note 19 “Acquisitions”). Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires us to make certain estimates, judgments and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements. These estimates, judgments and assumptions are evaluated on an ongoing basis. We base our estimates on historical experience and on various other assumptions that we believe are reasonable at that time, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from those estimates. In particular, key estimates, judgments and assumptions include those related to: (i) revenue recognition, (ii) accounting for income taxes, (iii) testing of goodwill for impairment, (iv) the valuation of acquired intangible assets, (v) the valuation of long-lived assets, (vi) the recognition of contingencies, (vii) restructuring accruals, (viii) acquisition accruals and pre-acquisition contingencies, (ix) the valuation of stock options granted and obligations related to share-based payments, including the valuation of our long-term incentive plans, (x) the valuation of pension obligations and pension assets, (xi) the valuation of available-for-sale investments and (xii) the valuation of derivative instruments. Acquisition of Micro Focus On January 31, 2023, we acquired all of the issued and to be issued share capital of Micro Focus (the Micro Focus Acquisition) for a total purchase price of $6.2 billion, inclusive of Micro Focus’ cash and repayment of Micro Focus’ outstanding indebtedness, subject to final adjustments. The results of operations of Micro Focus have been consolidated with those of OpenText with effect from February 1, 2023. See Note 19 “Acquisitions” to our Condensed Consolidated Financial Statements for more details.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Accounting Pronouncements Adopted in Fiscal 2024 During the three months ended September 30, 2023, we have adopted the following Accounting Standards Updates (ASU): Supplier Financing Program Obligations In September 2022, the Financial Accounting Standards Board (FASB) issued ASU 2022-04 “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations.” This standard requires companies that participate in supplier finance programs in connection with the procurement of goods or services to disclose quantitative and qualitative information about the programs.

REVENUES

REVENUES	3 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES Disaggregation of Revenue We have four revenue streams: cloud services and subscriptions, customer support, license, and professional service and other. The following tables disaggregate our revenue by significant geographic area, based on the location of our direct end customer, by type of performance obligation and timing of revenue recognition for the periods indicated: Three Months Ended September 30, 2023 2022 Total Revenues by Geography: Americas (1) $ 845,227 $ 557,788 EMEA (2) 445,440 228,353 Asia Pacific (3) 134,762 65,895 Total revenues $ 1,425,429 $ 852,036 Total Revenues by Type of Performance Obligation: Recurring revenues (4) Cloud services and subscriptions revenue $ 451,014 $ 404,651 Customer support revenue 697,713 317,351 Total recurring revenues $ 1,148,727 $ 722,002 License revenue (perpetual, term and subscriptions) 173,026 62,548 Professional service and other revenue 103,676 67,486 Total revenues $ 1,425,429 $ 852,036 Total Revenues by Timing of Revenue Recognition: Point in time $ 173,026 $ 62,548 Over time (including professional service and other revenue) 1,252,403 789,488 Total revenues $ 1,425,429 $ 852,036 ___________________________ (1) Americas consists of countries in North, Central and South America. (2) EMEA consists of countries in Europe, the Middle East and Africa. (3) Asia Pacific primarily consists of Japan, Australia, China, Korea, Philippines, Singapore, India and New Zealand. (4) Recurring revenue is defined as the sum of Cloud services and subscriptions revenue and Customer support revenue. Contract Balances A contract asset, net of allowance for credit losses, will be recorded if we have recognized revenue but do not have an unconditional right to the related consideration from the customer. For example, this will be the case if implementation services offered in a cloud arrangement are identified as a separate performance obligation and are provided to a customer prior to us being able to bill the customer. In addition, a contract asset may arise in relation to subscription licenses if the license revenue that is recognized upfront exceeds the amount that we are able to invoice the customer at that time. Contract assets are reclassified to accounts receivable when the rights become unconditional. The balance for our contract assets and contract liabilities (i.e. deferred revenues) for the periods indicated below were as follows: As of September 30, 2023 As of June 30, 2023 Short-term contract assets $ 78,562 $ 71,196 Long-term contract assets $ 54,448 $ 64,553 Short-term deferred revenues $ 1,596,321 $ 1,721,781 Long-term deferred revenues $ 197,112 $ 217,771 The difference in the opening and closing balances of our contract assets and deferred revenues primarily results from the timing difference between our performance and the customer’s payments. We fulfill our obligations under a contract with a customer by transferring products and services in exchange for consideration from the customer. During the three months ended September 30, 2023, we reclassified $25.1 million (three months ended September 30, 2022—$8.9 million) of contract assets to receivables as a result of the right to the transaction consideration becoming unconditional. During the three months ended September 30, 2023 and 2022, respectively, there was no significant impairment loss recognized related to contract assets. We recognize deferred revenue when we have received consideration or an amount of consideration is due from the customer for future obligations to transfer products or services. Our deferred revenues primarily relate to cloud services and customer support agreements which have been paid for by customers prior to the performance of those services. The amount of revenue that was recognized during the three months ended September 30, 2023 that was included in the deferred revenue balances at June 30, 2023 was $739 million (three months ended September 30, 2022—$373 million). Incremental Costs of Obtaining a Contract with a Custome r Incremental costs of obtaining a contract include only those costs that we incur to obtain a contract that we would not have incurred if the contract had not been obtained, such as sales commissions. The following table summarizes the changes in total capitalized costs to obtain a contract, since June 30, 2023: Capitalized costs to obtain a contract as of June 30, 2023 $ 97,207 New capitalized costs incurred 11,719 Amortization of capitalized costs (9,955) Impact of foreign exchange rate changes (742) Capitalized costs to obtain a contract as of September 30, 2023 $ 98,229 During the three months ended September 30, 2023 and 2022, respectively, there was no significant impairment loss recognized related to capitalized costs to obtain a contract. Refer to Note 9 “Prepaid Expenses and Other Assets” for additional information on incremental costs of obtaining a contract. Transaction Price Allocated to the Remaining Performance Obligations

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
ALLOWANCE FOR CREDIT LOSSES	ALLOWANCE FOR CREDIT LOSSES The following illustrates the activity in our allowance for credit losses on accounts receivable, since June 30, 2023: Balance as of June 30, 2023 $ 13,828 Credit loss expense (recovery) 1,782 Write-off / adjustments (4,109) Balance as of September 30, 2023 $ 11,501 Included in accounts receivable are unbilled receivables in the amount of $63.9 million as of September 30, 2023 (June 30, 2023—$66.5 million). As of September 30, 2023, we have an allowance for credit losses of $0.2 million for contract assets (June 30, 2023—$0.3 million). For additional information on contract assets please see Note 3 “Revenues.”

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT As of September 30, 2023 Cost Accumulated Net Computer hardware $ 398,358 $ (260,277) $ 138,081 Computer software 188,038 (142,234) 45,804 Capitalized software development costs 224,334 (129,896) 94,438 Leasehold improvements 118,370 (92,065) 26,305 Land and buildings 61,877 (18,403) 43,474 Furniture, equipment and other 54,738 (41,228) 13,510 Total $ 1,045,715 $ (684,103) $ 361,612 As of June 30, 2023 Cost Accumulated Net Computer hardware $ 386,400 $ (254,131) $ 132,269 Computer software 178,899 (135,123) 43,776 Capitalized software development costs 216,762 (122,730) 94,032 Leasehold improvements 123,607 (94,721) 28,886 Land and buildings 62,041 (18,020) 44,021 Furniture, equipment and other 55,741 $ (41,821) 13,920 Total $ 1,023,450 $ (666,546) $ 356,904

LEASES

LEASES	3 Months Ended
	Sep. 30, 2023
Leases [Abstract]
LEASES	LEASESWe enter into operating leases, both domestically and internationally, for certain facilities, automobiles, data centers and equipment for use in the ordinary course of business. The duration of the majority of these leases generally ranges from 1 to 10 years, some of which include options to extend for an additional 3 to 5 years after the initial term. Additionally, the land upon which our headquarters in Waterloo, Ontario, Canada is located is leased from the University of Waterloo for a period of 49 years beginning in December 2005, with an option to renew for an additional term of 49 years. We also have finance lease liabilities comprised of equipment lease arrangements with an average duration of 4 to 5 years all of which are currently being sublet. Leases with an initial term of 12 months or less are not recorded on our Condensed Consolidated Balance Sheets. The following illustrates the Condensed Consolidated Balance Sheets information related to leases: As of September 30, 2023 As of June 30, 2023 Operating Leases Balance Sheet Location Operating lease right of use assets Operating lease right of use assets $ 266,053 $ 285,723 Operating lease liabilities (current) Operating lease liabilities $ 90,418 $ 91,425 Operating lease liabilities (noncurrent) Long-term operating lease liabilities 252,629 271,579 Total operating lease liabilities $ 343,047 $ 363,004 Finance Leases Finance lease receivables (current) Prepaid expenses and other current assets $ 5,492 $ 6,362 Finance lease receivables (noncurrent) Other assets 4,443 5,515 Total finance lease receivables $ 9,935 $ 11,877 Finance lease liabilities (current) Accounts payable and accrued liabilities $ 4,992 $ 5,281 Finance lease liabilities (noncurrent) Accrued liabilities 4,437 5,500 Total finance lease liabilities $ 9,429 $ 10,781 The weighted average remaining lease term and discount rate for the periods indicated below were as follows: As of September 30, 2023 As of June 30, 2023 Weighted-average remaining lease term Operating leases 5.49 years 5.62 years Finance leases 2.22 years 2.40 years Weighted-average discount rate Operating leases 4.7 % 4.66 % Finance leases 5.58 % 5.60 % Lease Costs and Other Information The following illustrates the various components of lease costs for the period indicated: Three Months Ended September 30, 2023 2022 Operating lease cost $ 23,740 $ 14,311 Short-term lease cost 1,155 387 Variable lease cost 1,135 579 Sublease income (3,338) (2,912) Total lease cost $ 22,692 $ 12,365 Supplemental Cash Flow Information The following table presents supplemental information relating to cash flows arising from lease transactions. Cash payments made for variable lease costs and short-term leases are not included in the measurement of lease liabilities, and, as such, are excluded from the amounts below: Three Months Ended September 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating leases $ 27,699 $ 17,740 Finance leases $ 1,486 $ — Right of use assets obtained in exchange for new lease liabilities: Operating leases $ 7,045 $ 22,467 Maturity of Lease Liabilities The following table presents the future minimum lease payments under our leases liabilities as of September 30, 2023: Fiscal years ending June 30, Operating Leases Finance Leases 2024 (nine months ended) $ 79,726 $ 4,232 2025 84,518 3,363 2026 62,278 1,937 2027 50,684 459 2028 39,505 — Thereafter 70,926 — Total lease payments $ 387,637 $ 9,991 Less: Imputed interest (44,590) (562) Total $ 343,047 $ 9,429 Operating lease maturity amounts included in the table above do not include sublease income expected to be received under our various sublease agreements with third parties. Under the agreements initiated with third parties, we expect to receive sublease income of $9.4 million over the remainder of Fiscal 2024 and $34.0 million thereafter.

GOODWILL

GOODWILL	3 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL Goodwill is recorded when the consideration paid for an acquisition of a business exceeds the fair value of identifiable net tangible and intangible assets. The following table summarizes the changes in goodwill since June 30, 2023: Balance as of June 30, 2023 $ 8,662,603 Other acquisition (Note 19) 1,250 Acquisition of Micro Focus (Note 19) (1) (33,889) Impact of foreign exchange rate changes (11,199) Balance as of September 30, 2023 $ 8,618,765 ______________________ (1) Adjustments relating to open measurement period.

ACQUIRED INTANGIBLE ASSETS

ACQUIRED INTANGIBLE ASSETS	3 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
ACQUIRED INTANGIBLE ASSETS	ACQUIRED INTANGIBLE ASSETS As of September 30, 2023 Cost Accumulated Amortization Net Technology assets $ 1,815,285 $ (461,716) $ 1,353,569 Customer assets 3,694,061 (1,159,413) 2,534,648 Total $ 5,509,346 $ (1,621,129) $ 3,888,217 As of June 30, 2023 Cost Accumulated Amortization Net Technology assets $ 1,815,260 $ (385,868) $ 1,429,392 Customer assets 3,691,252 (1,039,765) 2,651,487 Total $ 5,506,512 $ (1,425,633) $ 4,080,879 The weighted average amortization periods for acquired technology and customer intangible assets are approximately six years and eight years, respectively. The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets: Fiscal years ending June 30, 2024 (nine months ended) $ 557,173 2025 643,188 2026 599,851 2027 529,474 2028 505,749 2029 and Thereafter 1,052,782 Total $ 3,888,217

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS	3 Months Ended
	Sep. 30, 2023
Other Assets [Abstract]
PREPAID EXPENSES AND OTHER ASSETS	PREPAID EXPENSES AND OTHER ASSETS Prepaid expenses and other current assets: As of September 30, 2023 As of June 30, 2023 Deposits and restricted cash $ 4,400 $ 2,621 Capitalized costs to obtain a contract 36,020 39,685 Short-term prepaid expenses and other current assets 158,566 175,879 Derivative asset (1) 931 3,547 Total $ 199,917 $ 221,732 ______________________________ (1) Represents the asset related to our derivative instrument activity (see Note 17 “Derivative Instruments and Hedging Activities”). Other assets: As of September 30, 2023 As of June 30, 2023 Deposits and restricted cash $ 18,364 $ 20,418 Capitalized costs to obtain a contract 62,209 57,522 Investments 137,229 147,974 Available-for-sale financial assets 39,048 39,858 Long-term prepaid expenses and other long-term assets 72,122 76,546 Total $ 328,972 $ 342,318 Deposits and restricted cash primarily relate to security deposits provided to landlords in accordance with facility lease agreements and cash restricted per the terms of certain contractual-based agreements. Capitalized costs to obtain a contract relate to incremental costs of obtaining a contract, such as sales commissions, which are eligible for capitalization on contracts to the extent that such costs are expected to be recovered (see Note 3 “Revenues”). Investments relate to certain investment funds in which we are a limited partner. Our interests in each of these investees range from 4% to below 20%. These investments are accounted for using the equity method. Our share of net income or losses based on our interest in these investments, which approximates fair value and is subject to volatility based on market trends and business conditions, is recorded as a component of Other income (expense), net in our Condensed Consolidated Statements of Income (see Note 22 “Other Income (Expense), Net”). During the three months ended September 30, 2023, our share of income (loss) from these investments was $(9.7) million (three months ended September 30, 2022—$(6.5) million). Available-for-sale financial assets relate to contractual arrangements under insurance policies held by the Company with guaranteed interest rates that are utilized to meet certain pension and post-retirement obligations but do not meet the definition of a plan asset. The remaining portion of available-for-sale financial assets are primarily comprised of various debt and equity funds, which are valued utilizing market quotes provided by our third-party custodian. These arrangements are treated as available-for-sale financial assets measured at fair value quarterly (see Note 16 “Fair Value Measurement”) with unrealized gains and losses recorded within “Other Comprehensive Income (Loss) Net” (see Note 20 “Accumulated Other Comprehensive Income (Loss)”). Prepaid expenses and other assets, both short-term and long-term, include advance payments on licenses that are being amortized over the applicable terms of the licenses and other miscellaneous assets.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	3 Months Ended
	Sep. 30, 2023
Accounts Payable and Accrued Liabilities [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities: As of September 30, 2023 As of June 30, 2023 Accounts payable—trade $ 138,460 $ 162,720 Accrued salaries, incentives and commissions 252,975 333,543 Accrued liabilities 222,748 239,817 Accrued sales and other tax liabilities 14,194 25,439 Derivative liability (1) 127,152 161,191 Accrued interest on long-term debt 52,766 37,563 Amounts payable in respect of restructuring and other special charges 21,818 30,073 Asset retirement obligations 5,929 5,915 Total $ 836,042 $ 996,261 ______________________ (1) Represents the liability related to our derivative instrument activity (see Note 17 “Derivative Instruments and Hedging Activities”). Long-term accrued liabilities: As of September 30, 2023 As of June 30, 2023 Amounts payable in respect of restructuring and other special charges $ 8,534 $ 8,875 Other accrued liabilities 16,829 17,749 Asset retirement obligations 23,970 25,337 Total $ 49,333 $ 51,961 Asset retirement obligations We are required to return certain of our leased facilities to their original state at the conclusion of our lease. As of September 30, 2023, the present value of this obligation was $29.9 million (June 30, 2023—$31.3 million), with an undiscounted value of $33.5 million (June 30, 2023—$35.0 million).

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT As of September 30, 2023 As of June 30, 2023 Total debt Senior Notes 2031 $ 650,000 $ 650,000 Senior Notes 2030 900,000 900,000 Senior Notes 2029 850,000 850,000 Senior Notes 2028 900,000 900,000 Senior Secured Notes 2027 1,000,000 1,000,000 Term Loan B 945,000 947,500 Acquisition Term Loan 3,558,113 3,567,075 Revolver 100,000 275,000 Total principal payments due 8,903,113 9,089,575 Unamortized debt discount and issuance costs (1) (202,694) (206,629) Total amount outstanding 8,700,419 8,882,946 Less: Current portion of long-term debt Term Loan B 10,000 10,000 Acquisition Term Loan 35,850 35,850 Revolver 100,000 275,000 Total current portion of long-term debt 145,850 320,850 Non-current portion of long-term debt $ 8,554,569 $ 8,562,096 ______________________ (1) During the three months ended September 30, 2023, we recorded $1.6 million of debt issuance costs related to the modification of the Acquisition Term Loan (as defined below). Senior Unsecured Fixed Rate Notes Senior Notes 2031 On November 24, 2021, OpenText Holdings, Inc. a wholly-owned indirect subsidiary of the Company, issued $650 million in aggregate principal amount of 4.125% Senior Notes due 2031 guaranteed by the Company (Senior Notes 2031) in an unregistered offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (Securities Act), and to certain non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act. Senior Notes 2031 bear interest at a rate of 4.125% per annum, payable semi-annually in arrears on June 1 and December 1, commencing on June 1, 2022. Senior Notes 2031 will mature on December 1, 2031, unless earlier redeemed, in accordance with their terms, or repurchased. For the three months ended September 30, 2023, we recorded interest expense of $6.7 million relating to Senior Notes 2031 (three months ended September 30, 2022— $6.7 million). Senior Notes 2030 On February 18, 2020, OpenText Holdings, Inc. a wholly-owned indirect subsidiary of the Company, issued $900 million in aggregate principal amount of 4.125% Senior Notes due 2030 guaranteed by the Company (Senior Notes 2030) in an unregistered offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act. Senior Notes 2030 bear interest at a rate of 4.125% per annum, payable semi-annually in arrears on February 15 and August 15, commencing on August 15, 2020. Senior Notes 2030 will mature on February 15, 2030, unless earlier redeemed, in accordance with their terms, or repurchased. For the three months ended September 30, 2023, we recorded interest expense of $9.3 million relating to Senior Notes 2030 (three months ended September 30, 2022—$9.3 million). Senior Notes 2029 On November 24, 2021, we issued $850 million in aggregate principal amount of 3.875% Senior Notes due 2029 (Senior Notes 2029) in an unregistered offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act. Senior Notes 2029 bear interest at a rate of 3.875% per annum, payable semi-annually in arrears on June 1 and December 1, commencing on June 1, 2022. Senior Notes 2029 will mature on December 1, 2029, unless earlier redeemed, in accordance with their terms, or repurchased. For the three months ended September 30, 2023, we recorded interest expense of $8.2 million relating to Senior Notes 2029 (three months ended September 30, 2022—$8.2 million). Senior Notes 2028 On February 18, 2020, we issued $900 million in aggregate principal amount of 3.875% Senior Notes due 2028 (Senior Notes 2028, and together with the Senior Notes 2031, Senior Notes 2030, Senior Notes 2029 and Senior Notes 2027, the Senior Notes) in an unregistered offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act. Senior Notes 2028 bear interest at a rate of 3.875% per annum, payable semi-annually in arrears on February 15 and August 15, commencing on August 15, 2020. Senior Notes 2028 will mature on February 15, 2028, unless earlier redeemed, in accordance with their terms, or repurchased. For the three months ended September 30, 2023, we recorded interest expense of $8.7 million relating to Senior Notes 2028 (three months ended September 30, 2022—$8.7 million). Senior Secured Fixed Rate Notes Senior Secured Notes 2027 On December 1, 2022, we issued $1 billion in aggregate principal amount of Senior Secured Notes 2027 in connection with the financing of the Micro Focus Acquisition in an unregistered offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act. Senior Secured Notes 2027 bear interest at a rate of 6.90% per annum, payable semi-annually in arrears on June 1 and December 1, commencing on June 1, 2023. Senior Secured Notes 2027 will mature on December 1, 2027, unless earlier redeemed, in accordance with their terms, or repurchased. The Senior Secured Notes 2027 are guaranteed on a senior secured basis by certain of the Company’s subsidiaries, and are secured with the same priority as the Company’s senior credit facilities. The Senior Secured Notes 2027 and the related guarantees are effectively senior to all of the Company’s and the guarantors’ senior unsecured debt to the extent of the value of the collateral (as defined in the indenture to the Senior Secured Notes 2027) and are structurally subordinated to all existing and future liabilities of each of the Company’s existing and future subsidiaries that do not guarantee the Senior Secured Notes 2027. As of September 30, 2023, the Senior Secured Notes 2027 bear an effective interest rate of 7.39%. The effective interest rate includes interest expense of $17.3 million and amortization of debt discount and issuance costs of $0.6 million. For the three months ended September 30, 2023, we recorded interest expense of $17.3 million relating to Senior Secured Notes 2027 (three months ended September 30, 2022—nil). Term Loan B On May 30, 2018, we refinanced our existing term loan facility, by entering into a new $1 billion term loan facility (Term Loan B), whereby we borrowed $1 billion on that day and repaid in full the loans under our prior $800 million term loan facility originally entered into on January 16, 2014. Borrowings under Term Loan B are secured by a first charge over substantially all of our assets on a pari passu basis with the Revolver (as defined below), Acquisition Term Loan and Senior Secured Notes 2027. On June 6, 2023, we amended the Term Loan B to replace the LIBOR benchmark rate applicable to borrowings under Term Loan B with a Secured Overnight Financing Rate (SOFR) benchmark rate. Term Loan B has a seven-year term, maturing in May 2025, and repayments made under Term Loan B are equal to 0.25% of the principal amount in equal quarterly installments for the life of Term Loan B, with the remainder due at maturity. Borrowings under Term Loan B currently bear a floating rate of interest equal to Adjusted Term SOFR (as defined in the Term Loan B) and applicable margin of 1.75%. As of September 30, 2023, the outstanding balance on the Term Loan B bears an interest rate of 7.18%. As of September 30, 2023, the Term Loan B bears an effective interest rate of 7.48%. The effective interest rate includes interest expense of $17.2 million and amortization of debt discount and issuance costs of $0.4 million. Under Term Loan B, we must maintain a “consolidated net leverage” ratio of no more than 4.00:1.00 at the end of each financial quarter. Consolidated net leverage ratio is defined for this purpose as the proportion of our total debt reduced by unrestricted cash, including guarantees and letters of credit, over our trailing twelve months net income before interest, taxes, depreciation, amortization, restructuring, share-based compensation and other miscellaneous charges. As of September 30, 2023, our consolidated net leverage ratio, as calculated in accordance with the applicable agreement, was 3.64:1.00. For the three months ended September 30, 2023, we recorded interest expense of $17.2 million relating to Term Loan B (three months ended September 30, 2022—$9.7 million). Revolver On October 31, 2019, we amended our committed revolving credit facility (the Revolver) to increase the total commitments under the Revolver from $450 million to $750 million as well as to extend the maturity from May 5, 2022 to October 31, 2024. Borrowings under the Revolver are secured by a first charge over substantially all of our assets, on a pari passu basis with Term Loan B, the Acquisition Term Loan and Senior Secured Notes 2027. On June 6, 2023, we entered into an amendment to replace the LIBOR benchmark rate applicable to borrowings under the Revolver with a SOFR benchmark rate. The Revolver has no fixed repayment date prior to the end of the term. Borrowings under the Revolver bear interest per annum at a floating rate of interest equal to Adjusted Term SOFR (as defined in the Revolver) and a fixed margin dependent on our consolidated net leverage ratio ranging from 1.25% to 1.75%. As of September 30, 2023, the outstanding balance on the Revolver bears an interest rate of 7.18%. As of September 30, 2023, we had a $100 million outstanding balance under the Revolver (June 30, 2023—$275 million). For the three months ended September 30, 2023, we recorded interest expense of $2.0 million relating to the Revolver (three months ended September 30, 2022—nil). In October 2023, the Company repaid the $100 million outstanding balance drawn under the Revolver. Acquisition Term Loan On December 1, 2022, we amended our first lien term loan facility (the Acquisition Term Loan), dated as of August 25, 2022, to increase the aggregate commitments under the senior secured delayed-draw term loan facility from an aggregate principal amount of $2.585 billion to an aggregate principal amount of $3.585 billion. During the third quarter of Fiscal 2023, the Company drew down $3.585 billion from the Acquisition Term Loan, net of original issuance discount of 3% and other fees (see Note 19 “Acquisitions” for more details). On August 14, 2023, we amended the Acquisition Term Loan, to reduce the applicable interest rate margin by 0.75% over the remaining term of the Acquisition Term Loan. The reduction in interest rate margin on the Acquisition Term Loan resulting from the amendment was accounted for by the Company as a debt modification. The Acquisition Term Loan has a seven-year term from the date of funding, and repayments under the Acquisition Term Loan are equal to 0.25% of the principal amount in equal quarterly installments for the life of the Acquisition Term Loan, with the remainder due at maturity. Borrowings under the Acquisition Term Loan currently bear a floating rate of interest equal to 2.75% plus Adjusted Term SOFR (as defined in the Acquisition Term Loan). As of September 30, 2023, the outstanding balance on the Acquisition Term Loan bears an interest rate of 8.18%. As of September 30, 2023, the Acquisition Term Loan bears an effective interest rate of 9.27%. The effective interest rate includes interest expense of $77.2 million and amortization of debt discount and issuance costs of $3.3 million. The Acquisition Term Loan has incremental facility capacity of (i) $250 million plus (ii) additional amounts, subject to meeting a “consolidated senior secured net leverage” ratio not exceeding 2.75:1.00, in each case subject to certain conditions. Consolidated senior secured net leverage ratio is defined for this purpose as the proportion of the Company’s total debt reduced by unrestricted cash, including guarantees and letters of credit, that is secured by the Company’s or any of the Company’s subsidiaries’ assets, over the Company’s trailing four financial quarter net income before interest, taxes, depreciation, amortization, restructuring, share-based compensation and other miscellaneous charges. Under the Acquisition Term Loan, we must maintain a “consolidated net leverage” ratio of no more than 4.50:1.00 at the end of each financial quarter. Consolidated net leverage ratio is defined for this purpose as the proportion of the Company’s total debt reduced by unrestricted cash, including guarantees and letters of credit, over the Company’s trailing four financial quarter net income before interest, taxes, depreciation, amortization, restructuring, share-based compensation and other miscellaneous charges as defined in the Acquisition Term Loan. As of September 30, 2023, our consolidated net leverage ratio, as calculated in accordance with the applicable agreement, was 3.64:1:00. The Acquisition Term Loan is unconditionally guaranteed by certain subsidiary guarantors, as defined in the Acquisition Term Loan, and is secured by a first charge on substantially all of the assets of the Company and the subsidiary guarantors on a pari passu basis with the Revolver, Term Loan B and the Senior Secured Notes 2027. For the three months ended September 30, 2023, we recorded interest expense of $77.2 million relating to the Acquisition Term Loan (three months ended September 30, 2022—nil). In October 2023, the Company repaid $75 million drawn under the Acquisition Term Loan. Bridge Loan On August 25, 2022, we entered into a bridge loan agreement (Bridge Loan) which provided for commitments of up to $2.0 billion to finance a portion of the repayment of Micro Focus’ existing debt. On December 1, 2022, we entered into an amendment to the Bridge Loan that reallocated commitments under the Bridge Loan to the Acquisition Term Loan. In connection with the amendment to the Bridge Loan and the receipt of proceeds from the issuance of the Senior Secured Notes 2027, all remaining commitments under the Bridge Loan were reduced to zero and the Bridge Loan was terminated, which resulted in a loss on debt extinguishment of $8.2 million relating to unamortized debt issuance costs in the second quarter of Fiscal 2023 . For the three months ended September 30, 2023, we did not have any borrowings or record any interest expense relating to the Bridge Loan (three months ended September 30, 2022—nil). Debt Issuance Costs Debt issuance costs relate primarily to costs incurred for the purpose of obtaining or amending our credit facilities and issuing our Senior Notes and are being amortized through interest expense over the respective terms of the Senior Notes, Senior Secured Notes, Term Loan B, and Acquisition Term Loan using the effective interest method and straight-line method for the Revolver.

PENSION PLANS AND OTHER POST-RE

PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS	3 Months Ended
	Sep. 30, 2023
Retirement Benefits [Abstract]
PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS	PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS Defined Benefit and Other Post-Retirement Benefit Plans The Company has 52 pension and other post-retirement plans in multiple countries. All of our pension and other post-retirement plans are located outside of Canada and the United States. The plans are primarily located in Germany, which as of September 30, 2023, make up approximately 63% of the total net benefit pension obligations. Our defined benefit pension plans include a mix of final salary type plans which provide for retirement, old age, disability and survivor’s benefits. Final salary pension plans provide benefits to members either in the form of a lump sum payment or a guaranteed level of pension payable for life in the case of retirement, disability and death. Benefits under our final salary type plans are generally based on the participant’s age, compensation and years of service as well as the social security ceiling and other factors. Many of these plans are closed to new members. The net periodic costs of these plans are determined using the projected unit credit method and several actuarial assumptions, the most significant of which are the discount rate and estimated service costs. Other post-retirement plans include statutory plans that offer termination, indemnity or other end of service benefits. Many of these plans were assumed through our acquisitions or are required by local regulatory and statutory requirements. All of our defined benefit and other post-retirement plans are included in the aggregate projected benefit obligation within “Pension liability” on our Condensed Consolidated Balance Sheets. The following are details of net pension expense relating to the defined benefit pension plans: Three Months Ended September 30, 2023 2022 Pension expense: Service cost $ 2,725 $ 1,059 Interest cost 3,089 970 Expected return of plan assets (2,808) (403) Amortization of actuarial (gains) losses 165 63 Net pension expense $ 3,171 $ 1,689 Service-related net periodic pension costs are recorded within operating expense and all other non-service related net periodic pension costs are classified under “Interest and other related expense, net” on our Condensed Consolidated Statements of Income.

SHARE CAPITAL, OPTION PLANS AND

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS	3 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS	SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS Cash Dividends For the three months ended September 30, 2023, pursuant to the Company’s dividend policy, we declared total non-cumulative dividends of $0.25 per Common Share in the aggregate amount of $67.0 million which we paid during the same period (three months ended September 30, 2022—$0.24299 per Common Share in the aggregate amount of $64.7 million). Share Capital Our authorized share capital includes an unlimited number of Common Shares and an unlimited number of Preference Shares. No Preference Shares have been issued. Treasury Stock From time to time we may provide funds to an independent agent to facilitate repurchases of our Common Shares in connection with the settlement of awards under the Long-Term Incentive Plans (LTIP) or other plans. During the three months ended September 30, 2023, 1,400,000 Common Shares were purchased on the open market at a cost of $53.1 million and held under trust for potential settlement of awards under our LTIP or other plans as described below (three months ended September 30, 2022—no Common Shares were purchased). During the three months ended September 30, 2023, we delivered to eligible participants 183,313 Common Shares that were purchased in the open market in connection with the settlement of awards and other plans (three months ended September 30, 2022—120,406 Common Shares). Share Repurchase Plan On November 4, 2021, the Board authorized a share repurchase plan (Fiscal 2022 Repurchase Plan), pursuant to which we may purchase in open market transactions, from time to time over the 12-month period commencing November 12, 2021, up to an aggregate of $350 million of our Common Shares. During the three months ended September 30, 2023 and 2022, we did not repurchase and cancel any Common Shares. Share-Based Payments Share-based compensation expense for the periods indicated below is detailed as follows: Three Months Ended September 30, 2023 2022 Stock Options (issued under Stock Option Plans) $ 4,544 $ 3,585 Performance Share Units (issued under LTIP) 5,889 4,235 Restricted Share Units (issued under LTIP) 2,881 2,175 Restricted Share Units (other) 21,372 10,637 Deferred Share Units (directors) 914 961 Employee Stock Purchase Plan 1,495 1,615 Total share-based compensation expense $ 37,095 $ 23,208 A summary of unrecognized compensation cost for unvested shared-based payment awards is as follows: As of September 30, 2023 Unrecognized Compensation Cost Weighted Average Recognition Period (years) Stock Options (issued under Stock Option Plans) $ 48,754 2.6 Performance Share Units (issued under LTIP) 56,484 2.5 Restricted Share Units (issued under LTIP) 27,139 2.4 Restricted Share Units (other) 83,793 1.3 Total unrecognized share-based compensation cost $ 216,170 Stock Option Plans Stock Options A summary of activity under our stock option plans for the three months ended September 30, 2023 is as follows: Options Weighted- Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 12,219,439 $ 38.44 4.68 $ 62,473 Granted 840,610 36.79 Exercised (84,885) 34.08 Forfeited or expired (221,571) 42.39 Outstanding at September 30, 2023 12,753,593 $ 38.29 4.60 $ 23,473 Exercisable at September 30, 2023 4,940,080 $ 40.16 3.10 $ 2,691 As of September 30, 2023, 5,331,793 options to purchase Common Shares were available for issuance under our stock option plans. We estimate the fair value of stock options using the Black-Scholes option-pricing model or, where appropriate, the Monte Carlo pricing model, consistent with the provisions of ASC Topic 718, “Compensation—Stock Compensation” (Topic 718) and SEC Staff Accounting Bulletin No. 107. The option-pricing models require input of subjective assumptions, including the estimated life of the option and the expected volatility of the underlying stock over the estimated life of the option. We use historical volatility as a basis for projecting the expected volatility of the underlying stock and estimate the expected life of our stock options based upon historical data. We believe that the valuation techniques and the approach utilized to develop the underlying assumptions are appropriate in calculating the fair value of our stock option grants. Estimates of fair value are not intended, however, to predict actual future events or the value ultimately realized by employees who receive equity awards. For the periods indicated, the weighted-average fair value of options and weighted-average assumptions estimated under the Black-Scholes option-pricing model were as follows: Three Months Ended September 30, 2023 2022 Weighted–average fair value of options granted $ 9.16 $ 8.16 Weighted-average assumptions used: Expected volatility 30.93 % 27.46 % Risk–free interest rate 4.44 % 2.86 % Expected dividend yield 2.66 % 2.32 % Expected life (in years) 4.24 4.18 Forfeiture rate (based on historical rates) 7 % 7 % Average exercise share price $ 36.79 $ 39.09 Performance Options During the three months ended September 30, 2023, we did not grant performance options (during the three months ended September 30, 2022—1,000,000). For the period in which performance options were granted, the weighted-average fair value of performance options and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows: Three Months Ended September 30, 2022 Weighted–average fair value of options granted $ 8.09 Derived service period (in years) 1.70 Weighted-average assumptions used: Expected volatility 26.00 % Risk–free interest rate 3.21 % Expected dividend yield 2.00 % Average exercise share price $ 31.89 Long-Term Incentive Plans We incentivize certain eligible employees, in part, with long-term compensation pursuant to our LTIP. The LTIP is a rolling three-year program that grants eligible employees a certain number of target Performance Share Units (PSUs) and/or Restricted Share Units (RSUs). Target PSUs become vested upon the achievement of certain financial and/or operational performance criteria (the Performance Conditions) that are determined at the time of the grant. The Performance Conditions for vesting of the PSUs are based solely upon market conditions. The RSUs are employee service-based awards and vest subject to an eligible employee’s continued employment throughout the applicable vesting period. PSUs and RSUs granted under the LTIP have been measured at fair value as of the effective date, consistent with ASC Topic 718, and will be charged to share-based compensation expense over the remaining life of the plan. We estimate the fair value of PSUs using the Monte Carlo pricing model and RSUs have been valued based upon their grant date fair value. Beginning in Fiscal 2023, certain PSU and RSU grants were eligible to receive dividend equivalent units that vest under the same conditions as the underlying grants. Performance Share Units (Issued Under LTIP) A summary of activity under our performance share units issued under the LTIP for the three months ended September 30, 2023 is as follows: Units Weighted-Average Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 1,013,385 $ 61.64 1.75 $ 42,106 Granted (1) 612,432 59.22 Vested — — Forfeited or expired (24,049) 61.69 Outstanding at September 30, 2023 1,601,768 $ 60.76 2.16 $ 56,222 __________________________ (1) PSUs are earned based on market conditions and the actual number of PSUs earned, if any, is dependent upon performance and may range from 0 to 200 percent. For the periods indicated, the weighted-average fair value of PSUs issued under LTIP, and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows: Three Months Ended September 30, 2023 2022 Weighted–average fair value of performance share units granted $ 59.48 $ 55.06 Weighted-average assumptions used: Expected volatility 28.05 % 29.00 % Risk–free interest rate 4.38 % 3.13 % Expected dividend yield — % — % Expected life (in years) 3.11 3.11 Restricted Share Units (Issued Under LTIP) A summary of activity under our RSUs issued under the LTIP for the three months ended September 30, 2023 is as follows: Units Weighted-Average Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 774,360 $ 42.83 1.68 $ 32,175 Granted 466,454 36.80 Vested — — Forfeited or expired (24,049) 41.83 Outstanding at September 30, 2023 1,216,765 $ 40.55 2.11 $ 42,708 Restricted Share Units (Other) In addition to the grants made in connection with the LTIP discussed above, from time to time, we may grant RSUs to certain employees in accordance with employment and other non-LTIP related agreements. RSUs (other) vest over a specified contract date, typically two A summary of activity under our RSUs (other) issued for the three months ended September 30, 2023 is as follows: Units Weighted-Average Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 5,310,595 $ 36.43 1.97 $ 220,655 Granted 10,192 37.51 Vested (183,094) 39.83 Forfeited or expired (106,055) 36.87 Outstanding at September 30, 2023 5,031,638 $ 36.12 1.75 $ 176,610 Deferred Share Units (DSUs) The DSUs are granted to certain non-employee directors. DSUs are issued under our Deferred Share Unit Plan. DSUs granted as compensation for director fees vest immediately, whereas all other DSUs granted vest at our next annual general meeting following the granting of the DSUs. No DSUs are payable by us until the director ceases to be a member of the Board. A summary of activity under our DSUs issued for the three months ended September 30, 2023 is as follows: Units Weighted-Average Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 (1) 994,568 $ 29.98 0.36 $ 41,324 Granted 7,050 37.70 Outstanding at September 30, 2023 (1) 1,001,618 $ 30.04 0.10 $ 35,157 ______________________ (1) Includes 90,906 unvested DSUs. Employee Stock Purchase Plan (ESPP)

GUARANTEES AND CONTINGENCIES

GUARANTEES AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
GUARANTEES AND CONTINGENCIES	GUARANTEES AND CONTINGENCIES We have entered into the following contractual obligations with minimum payments for the indicated fiscal periods as follows: Payments due between Total October 1, 2023 - June 30, 2024 July 1, 2024 - June 30, 2026 July 1, 2026 - June 30, 2028 July 1, 2028 and beyond Long-term debt obligations (1) $ 11,967,329 $ 478,079 $ 2,155,858 $ 2,908,194 $ 6,425,198 Purchase obligations for contracts not accounted for as lease obligations (2) 400,328 118,628 270,777 10,923 — $ 12,367,657 $ 596,707 $ 2,426,635 $ 2,919,117 $ 6,425,198 ______________________ (1) Includes interest up to maturity and principal payments. Please see Note 11 “Long-Term Debt” for more details. (2) For contractual obligations relating to leases and purchase obligations accounted for under ASC Topic 842, please see Note 6 “Leases.” Guarantees and Indemnifications We have entered into customer agreements which may include provisions to indemnify our customers against third-party claims that our software products or services infringe certain third-party intellectual property rights and for liabilities related to a breach of our confidentiality obligations. We have not made any material payments in relation to such indemnification provisions and have not accrued any liabilities related to these indemnification provisions in our Condensed Consolidated Financial Statements. Occasionally, we enter into financial guarantees with third parties in the ordinary course of our business, including, among others, guarantees relating to taxes and letters of credit on behalf of parties with whom we conduct business. Such agreements have not had a material effect on our results of operations, financial position or cash flows. Litigation We are currently involved in various claims and legal proceedings. Quarterly, we review the status of each significant legal matter and evaluate such matters to determine how they should be treated for accounting and disclosure purposes in accordance with the requirements of ASC Topic 450-20 “Loss Contingencies” (Topic 450-20). Specifically, this evaluation process includes the centralized tracking and itemization of the status of all our disputes and litigation items, discussing the nature of any litigation and claim, including any dispute or claim that is reasonably likely to result in litigation, with relevant internal and external counsel, and assessing the progress of each matter in light of its merits and our experience with similar proceedings under similar circumstances. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, we accrue a liability for the estimated loss in accordance with Topic 450-20. As of the date of this Quarterly Report on Form 10-Q, the aggregate of such accrued liabilities was not material to our consolidated financial position or results of operations and we do not believe as of the date of this filing that it is reasonably possible that a loss exceeding the amounts already recognized will be incurred that would be material to our consolidated financial position or results of operations. As described more fully below, we are unable at this time to estimate a possible loss or range of losses in respect of certain disclosed matters. Contingencies CRA Matter As part of its ongoing audit of our Canadian tax returns, the Canada Revenue Agency (CRA) has disputed our transfer pricing methodology used for certain intercompany transactions with our international subsidiaries and has issued notices of reassessment for Fiscal 2012, Fiscal 2013, Fiscal 2014, Fiscal 2015 and Fiscal 2016. Assuming the utilization of available tax attributes (further described below), we estimate our potential aggregate liability, as of September 30, 2023, in connection with the CRA's reassessments for Fiscal 2012, Fiscal 2013, Fiscal 2014, Fiscal 2015 and Fiscal 2016, to be limited to penalties, interest and provincial taxes that may be due of approximately $76 million. As of September 30, 2023, we have provisionally paid approximately $33 million in order to fully preserve our rights to object to the CRA's audit positions, being the minimum payment required under Canadian legislation while the matter is in dispute. This amount is recorded within “Long-term income taxes recoverable” on the Condensed Consolidated Balance Sheets as of September 30, 2023. The notices of reassessment for Fiscal 2012, Fiscal 2013, Fiscal 2014, Fiscal 2015 and Fiscal 2016 would, as drafted, increase our taxable income by approximately $90 million to $100 million for each of those years, as well as impose a 10% penalty on the proposed adjustment to income. Audits by the CRA of our tax returns for fiscal years prior to Fiscal 2012 have been completed with no reassessment of our income tax liability. We strongly disagree with the CRA's positions and believe the reassessments of Fiscal 2012, Fiscal 2013, Fiscal 2014, Fiscal 2015 and Fiscal 2016 (including any penalties) are without merit, and we are continuing to contest these reassessments. On June 30, 2022, we filed a notice of appeal with the Tax Court of Canada seeking to reverse all such reassessments (including penalties) in full and the customary court process is ongoing. Even if we are unsuccessful in challenging the CRA's reassessments to increase our taxable income for Fiscal 2012, Fiscal 2013, Fiscal 2014, Fiscal 2015 and Fiscal 2016, we have elective deductions available for those years (including carry-backs from later years) that would offset such increased amounts so that no additional cash tax would be payable, exclusive of any assessed penalties and interest, as described above. The CRA has audited Fiscal 2017, Fiscal 2018 and Fiscal 2019 on a basis that we strongly disagree with and are contesting. The focus of the CRA audit has been the valuation of certain intellectual property and goodwill when one of our subsidiaries continued into Canada from Luxembourg in July 2016. In accordance with applicable rules, these assets were recognized for tax purposes at fair market value as of that time, which value was supported by an expert valuation prepared by an independent leading accounting and advisory firm. CRA’s position for Fiscal 2017 through Fiscal 2019 relies in significant part on the application of its positions regarding our transfer pricing methodology that are the basis for its reassessment of our fiscal years 2012 to 2016 described above, and that we believe are without merit. Other aspects of CRA’s position for Fiscal 2017 through Fiscal 2019 conflict with the expert valuation prepared by the independent leading accounting and advisory firm that was used to support our original filing position. The CRA issued notices of reassessment in respect of Fiscal 2017, Fiscal 2018 and Fiscal 2019 on a basis consistent with its proposal to reduce the available depreciable basis of assets in Canada. On April 19, 2022, we filed our notice of objection regarding the reassessment in respect of Fiscal 2017 and on March 15, 2023, we filed our notice of objection regarding the reassessment in respect of Fiscal 2018. We intend to file a notice of objection regarding Fiscal 2019. If we are ultimately unsuccessful in defending our position, the estimated impact of the proposed adjustment could result in us recording an income tax expense, with no immediate cash payment, to reduce the stated value of our deferred tax assets of up to approximately $470 million. Any such income tax expense could also have a corresponding cash tax impact that would primarily occur over a period of several future years based upon annual income realization in Canada. We strongly disagree with the CRA’s position for Fiscal 2017 through Fiscal 2019 and intend to vigorously defend our original filing position. We are not required to provisionally pay any cash amounts to the CRA as a result of the reassessment in respect of Fiscal 2017 through Fiscal 2019 due to the utilization of available tax attributes; however, to the extent the CRA reassesses subsequent fiscal years on a similar basis, we expect to make certain minimum payments required under Canadian legislation, which may need to be provisionally made starting in Fiscal 2024 while the matter is in dispute. We will continue to vigorously contest the adjustments to our taxable income and any penalty and interest assessments, as well as any reduction to the basis of our depreciable property. We are confident that our original tax filing positions were appropriate. Accordingly, as of the date of this Quarterly Report on Form 10-Q, we have not recorded any accruals in respect of these reassessments or proposed reassessment in our Condensed Consolidated Financial Statements. The CRA is also in preliminary stages of auditing Fiscal 2020. Carbonite Class Action Complaint On August 1, 2019, prior to our acquisition of Carbonite Inc. (Carbonite), a purported stockholder of Carbonite filed a putative class action complaint against Carbonite, its former Chief Executive Officer, Mohamad S. Ali, and its former Chief Financial Officer, Anthony Folger, in the United States District Court for the District of Massachusetts captioned Ruben A. Luna, Individually and on Behalf of All Others Similarly Situated v. Carbonite, Inc., Mohamad S. Ali, and Anthony Folger (No. 1:19-cv-11662-LTS) (the Luna Complaint). The complaint alleges violations of the federal securities laws under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder. The complaint generally alleges that the defendants made materially false and misleading statements in connection with Carbonite’s Server Backup VM Edition, and seeks, among other things, the designation of the action as a class action, an award of unspecified compensatory damages, costs and expenses, including counsel fees and expert fees, and other relief as the court deems appropriate. On August 23, 2019, a nearly identical complaint was filed in the same court captioned William Feng, Individually and on Behalf of All Others Similarly Situated v. Carbonite, Inc., Mohamad S. Ali, and Anthony Folger (No. 1:19- cv-11808-LTS) (together with the Luna Complaint, the Securities Actions). On November 21, 2019, the district court consolidated the Securities Actions, appointed a lead plaintiff, and designated a lead counsel. On January 15, 2020, the lead plaintiff filed a consolidated amended complaint generally making the same allegations and seeking the same relief as the complaint filed on August 1, 2019. The defendants moved to dismiss the Securities Actions on March 10, 2020. On October 22, 2020, the district court granted with prejudice the defendants’ motion to dismiss the Securities Actions. On November 20, 2020, the lead plaintiff filed a notice of appeal to the United States Court of Appeals for the First Circuit. On December 21, 2021, the United States Court of Appeals for the First Circuit issued a decision reversing and remanding the Securities Actions to the district court for further proceedings. The parties have completed discovery. On July 14, 2023, the district court certified the lead plaintiff’s proposed class. The defendants have filed a motion for class decertification and a motion for summary judgment, both of which are pending. The defendants remain confident in their position, believe the Securities Actions are without merit, and will continue to vigorously defend the matter. Carbonite vs Realtime Data

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s effective tax rate for the three months ended September 30, 2023, was 11.3%, compared to a provision of (40.4)% for the three months ended September 30, 2022. The Company’s effective tax rate for the three months ended September 30, 2023, differs from the Canadian statutory rate of 26.5% primarily due to tax benefits related to foreign tax rate differences, foreign tax credits and research and development credits, partially offset by US Base Erosion and Anti-Abuse Tax (BEAT). The Company’s effective tax rate for the three months ended September 30, 2022 differs from the Canadian statutory rate primarily due to pre-tax losses created by the mark-to-market valuation on the derivatives not designated as hedges that the Company entered into in connection with the Micro Focus Acquisition, and the inability to recognize the tax benefit of mark-to-market losses. The tax benefit of mark-to-market losses are considered capital losses for tax purposes and require capital income to be recognized. Therefore we recorded a valuation allowance on the portion of the losses that are not supportable by capital gains. As of September 30, 2023, the gross amount of unrecognized tax benefits accrued is $183.1 million (June 30, 2023 — $178.7 million), which is inclusive of interest and penalties accrued of $17.6 million (June 30, 2023 — $13.5 million). We believe that it is reasonably possible that the gross unrecognized tax benefit could decrease by $14.5 million in the next 12 months, relating primarily to the expiration of competent authority relief and tax years becoming statute barred for purposes of future tax examinations by local taxing jurisdictions. We are subject to income tax audits in all major taxing jurisdictions in which we operate. Our four most significant jurisdictions are Canada, the United States, United Kingdom and Germany. Our tax filings remain subject to income tax audits by applicable tax authorities for a certain length of time following the tax year to which those tax filings relate. We currently have income tax audits open in Canada, the United States, United Kingdom, Germany and other immaterial jurisdictions. The earliest fiscal years open for examination for our major jurisdictions are 2012 for Canada, 2019 for the United States, 2015 for the United Kingdom and 2016 for Germany. On a quarterly basis we assess the status of these examinations and the potential for adverse outcomes to determine the adequacy of the provision for income and other taxes. Statements regarding the Canada audits are included in Note 14 “Guarantees and Contingencies.” The timing of the resolution of income tax audits is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ from the amounts accrued. It is reasonably possible that within the next 12 months we will receive additional assessments by various tax authorities or possibly reach resolution of income tax audits in one or more jurisdictions. These assessments or settlements may or may not result in changes to our contingencies related to positions on tax filings. The actual amount of any change could vary significantly depending on the ultimate timing and nature of any settlements. We cannot currently provide an estimate of the range of possible outcomes. For more information relating to certain income tax audits, please refer to Note 14 “Guarantees and Contingencies.” As of September 30, 2023, we have recognized a deferred income tax liability of $29.2 million (June 30, 2023—$28.3 million) on taxable temporary differences related to the undistributed earnings of certain non-United States subsidiaries and planned periodic repatriations from certain German subsidiaries, that will be subject to withholding taxes upon distribution. We have not provided for additional foreign withholding taxes or deferred income tax liabilities related to undistributed earnings of all other non-Canadian subsidiaries, since such earnings are considered permanently invested in those subsidiaries or are not subject to withholding taxes. It is not practicable to reasonably estimate the amount of additional deferred income tax liabilities or foreign withholding taxes that may be payable should these earnings be distributed in the future. State Aid Matter In April 2019, the European Commission published its final decision on its State Aid investigation into the UK’s “Financing Company Partial Exemption” legislation and concluded that part of the legislation was in breach of EU State Aid rules. The UK government and certain UK-based international companies, supported by Micro Focus, appealed to the General Court of the Court of Justice of the European Union (General Court of the CJEU) against the decision. In February 2021, Micro Focus received and settled GBP denominated State Aid charging notices issued by HM Revenue and Customs, following the requirement for the UK government to start collection proceedings. As a result, Micro Focus recorded a long-term income tax receivable of $42.9 million. This reflects the payment that was made following the final decision published by the European Commission on its State Aid investigation into the UK’s “Financing Company Partial Exemption” legislation. Based on management’s assessment of the value of the underlying tax benefit under dispute, and as supported by external professional advice, Micro Focus believed they had no liability in respect of these matters and therefore no tax charge was recorded. On June 8, 2022, the General Court of the CJEU found in favor of the European Commission’s decision that the UK’s “Financing Company Partial Exemption” legislation is in breach of EU State Aid rules. The UK government and UK-based international companies, supported by Micro Focus, lodged an appeal against the judgement with the CJEU. Micro Focus previously received and settled State Aid charging notices from HM Revenue and Customs (including historic interest) and given that an appeal would be expected to take more than a year, a long-term income tax recoverable continues to be recognized as part of non-current tangible assets as of September 30, 2023, in the preliminary purchase price allocation relating to the Micro Focus Acquisition, as described in Note 19 “Acquisitions.”

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENTASC Topic 820 “Fair Value Measurement” (Topic 820) defines fair value, establishes a framework for measuring fair value, and addresses disclosure requirements for fair value measurements. Fair value is the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value, in this context, should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk, including our own credit risk. In addition to defining fair value and addressing disclosure requirements, Topic 820 establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels which are determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: • Level 1—inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. • Level 2—inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3—inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques. Financial Assets and Liabilities Measured at Fair Value: Our cash and cash equivalents, along with our accounts receivable and accounts payable and accrued liabilities balances, are measured and recognized in our Condensed Consolidated Financial Statements at an amount that approximates the fair value (a Level 2 measurement) due to their short maturities. The carrying value of our other long-term debt facilities approximates the fair value since the interest rate is at market. See Note 11 “Long-Term Debt” for further details. The following table summarizes the fair value of our financial instruments as of September 30, 2023 and June 30, 2023: Fair Value Fair Value Hierarchy September 30, 2023 June 30, 2023 Assets: Available-for-sale financial assets (Note 9) Level 2 $ 14,958 $ 15,231 Available-for-sale financial assets (Note 9) Level 3 $ 24,090 $ 24,627 Derivative asset (Note 17) Level 2 $ 931 $ 3,547 Liabilities: Derivative liability (Note 17) Level 2 $ (127,152) $ (161,191) Senior Notes (Note 11) (1) Level 2 $ (3,763,513) $ (3,827,888) ______________________ (1) Senior Notes are presented within the Condensed Consolidated Balance Sheets at amortized cost. See Note 11 “Long-Term Debt” for further details. Changes in Level 3 Fair Value Measurements The following table provides a reconciliation of changes in the fair value of our Level 3 available-for-sale financial assets between June 30, 2023 and September 30, 2023. Available-for-sale Balance as of June 30, 2023 $ 24,627 Gain (loss) recognized in income (537) Balance as of September 30, 2023 $ 24,090 Our derivative liabilities and our derivative assets are classified as Level 2 and are comprised of foreign currency forward and swap contracts. Our valuation techniques used to measure the fair value of the derivative instruments, the counterparties to which have high credit ratings, were derived from pricing models including discounted cash flow techniques, with all significant inputs derived from or corroborated by observable market data, as no quoted market prices exist for these instruments. Our discounted cash flow techniques use observable market inputs, such as, where applicable, foreign currency spot and forward rates. Our available-for-sale financial assets are classified as either Level 2 or Level 3. Our Level 2 available-for-sale financial assets are comprised primarily of various debt and equity funds, which are valued utilizing market quotes provided by our third-party custodian. Our Level 3 available-for-sale financial assets are comprised of insurance contracts which are valued by an external insurance expert by applying a discount rate to the future cash flows and taking into account the fixed interest rate, mortality rates and term of the insurance contracts. See Note 9 “Prepaid Expenses and Other Assets” for further details. If applicable, we will recognize transfers between levels within the fair value hierarchy at the end of the reporting period in which the actual event or change in circumstance occurs. During the three months ended September 30, 2023 and 2022, respectively, we did not have any transfers between Level 1, Level 2 or Level 3. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Non-designated Hedges In connection with the Micro Focus Acquisition, in August 2022, we entered into certain derivative transactions to meet certain foreign currency obligations under UK cash confirmation requirements related to the purchase price of the Micro Focus Acquisition, mitigate the risk of foreign currency appreciation in the GBP denominated purchase price and mitigate the risk of foreign currency appreciation in the EUR denominated existing debt held by Micro Focus. We entered into the following derivatives: (i) three deal-contingent forward contracts, (ii) a non-contingent forward contract, and (iii) EUR/USD cross currency swaps. The deal-contingent forward contracts had an aggregate notional amount of £1.475 billion. The non-contingent forward contract had a notional amount of £350 million. The cross currency swaps are comprised of 5-year EUR/USD cross currency swaps with a notional amount of €690 million and 7-year EUR/USD cross currency swaps with a notional amount of €690 million. These instruments were entered into as economic hedges to mitigate foreign currency risks associated with the Micro Focus Acquisition. The instruments did not initially qualify for hedge accounting at the time they were entered into. In connection with the closing of the Micro Focus Acquisition, the deal-contingent forward and non-deal contingent forward contracts were settled and we designated the 7-year EUR/USD cross currency swaps as net investment hedges (see further details below). The 5-year EUR/USD cross currency swaps are non-designated and are measured at fair value with changes to fair value being recognized in the Condensed Consolidated Statements of Income within “Other income (expense), net.” Net Investment Hedge During the third quarter of Fiscal 2023, the Company designated the €690 million of 7-year EUR/USD cross currency swaps as net investment hedges in accordance with “Derivatives and Hedging” (Topic 815). The Company utilizes the designated cross currency swaps to protect our EUR-denominated operations against exchange rate fluctuations. The Company assesses the hedge effectiveness of its net investment hedges on a quarterly basis utilizing a method based on the changes in spot price. As such, for derivative instruments designated as net investment hedges, changes in fair value of the designated hedging instruments attributable to fluctuations in the foreign currency spot exchange rates are initially recorded as a component of currency translation adjustments included within Condensed Consolidated Statements of Comprehensive Income until the hedged foreign operations are either sold or substantially liquidated. In accordance with Topic 815 certain components of the designated cross currency swaps relating to counterparty credit risk and forward exchange rates were excluded from the above effectiveness assessment. The fair value of these excluded components will be amortized over the life of the hedging instruments within “Interest and other related expense, net” within the Condensed Consolidated Statements of Income. Additionally, we will record the cash flows related to the periodic interest settlements on the 5-year EUR/USD cross currency swaps within the investing activities section of the Condensed Consolidated Statements of Cash Flows. Any gains or losses recognized upon settlement of the cross currency swaps will be recorded within the investing activities section of the Condensed Consolidated Statements of Cash Flows. Cash Flow Hedge We are engaged in hedging programs with various banks to limit the potential foreign exchange fluctuations incurred on future cash flows relating to a portion of our Canadian dollar payroll expenses. We operate internationally and are therefore exposed to foreign currency exchange rate fluctuations in the normal course of our business, in particular to changes in the Canadian dollar on account of large costs that are incurred from our centralized Canadian operations, which are denominated in Canadian dollars. As part of our risk management strategy, we use foreign currency forward contracts to hedge portions of our payroll exposure with typical maturities of between one We have designated these transactions as cash flow hedges of forecasted transactions under Topic 815. As the critical terms of the hedging instrument and of the entire hedged forecasted transaction are the same, in accordance with Topic 815, we have been able to conclude that changes in fair value or cash flows attributable to the risk being hedged are expected to completely offset at inception and on an ongoing basis. Accordingly, quarterly unrealized gains or losses on the effective portion of these forward contracts have been included within “Other Comprehensive Income (Loss) - net.” The fair value of the contracts as of September 30, 2023, is recorded within “Accounts payable and accrued liabilities” and represents the net loss before tax effect that is expected to be reclassified from accumulated other comprehensive income (loss) into earnings with the next twelve months. As of September 30, 2023, the notional amount of forward contracts we held to sell U.S. dollars in exchange for Canadian dollars was $96.5 million (June 30, 2023—$96.3 million). Fair Value of Derivative Instruments and Effect of Derivative Instruments on Financial Performance The fair values of outstanding derivative instruments are as follows: As of As of Instrument Balance Sheet Location Asset Liability Asset Liability Derivatives designated as hedges: Cash flow hedge Prepaid expenses and other current assets (Accounts payable and accrued liabilities) $ — $ (963) $ 1,530 $ — Net investment hedge Prepaid expenses and other current assets (Accounts payable and accrued liabilities) 304 (70,748) 596 (87,855) Total derivatives designated as hedges 304 (71,711) 2,126 (87,855) Derivatives not designated as hedges: Cross currency swap contracts Prepaid expenses and other current assets (Accounts payable and accrued liabilities) 627 (55,441) 1,421 (73,336) Total derivatives not designated as hedges 627 (55,441) 1,421 (73,336) Total derivatives $ 931 $ (127,152) $ 3,547 $ (161,191) The effects of gains (losses) from derivative instruments on our Condensed Consolidated Statements of Income is as follows: Three Months Ended Instrument Income Statement Location 2023 2022 Derivatives designated as hedges: Cash flow hedge Operating expenses $ (12) $ (800) Net investment hedge Interest and other related expense, net 922 — Derivatives not designated as hedges: Deal-contingent forward contract Other income (expense), net — (125,331) Non-contingent forward contract Other income (expense), net — (26,203) Cross currency swap contracts Other income (expense), net 17,895 (29,927) Cross currency swap contracts Interest and other related expense, net 856 — Total $ 19,661 $ (182,261) The effects of the cash flow and net investment hedges on our Condensed Consolidated Statements of Comprehensive Income: Three Months Ended Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income Location 2023 2022 Gain (loss) recognized in OCI (loss) on cash flow hedge (effective portion) Unrealized gain (loss) on cash flow hedge $ (2,505) $ (4,546) Gain (loss) recognized in OCI (loss) on net investment hedge (effective portion) Net foreign currency translation adjustment $ 17,107 $ — Gain (loss) reclassified from AOCI into income (effective portion) - cash flow hedge Operating expenses $ (12) $ (800) Gain (loss) reclassified from AOCI into income (excluded from effectiveness testing) - net investment hedge Interest and other related expense, net $ 561 $ —

SPECIAL CHARGES (RECOVERIES)

SPECIAL CHARGES (RECOVERIES)	3 Months Ended
	Sep. 30, 2023
Restructuring, Settlement and Impairment Provisions [Abstract]
SPECIAL CHARGES (RECOVERIES)	SPECIAL CHARGES (RECOVERIES) Special charges (recoveries) include costs and recoveries that relate to certain restructuring initiatives that we have undertaken from time to time under our various restructuring plans, as well as acquisition-related costs and other charges. Three Months Ended September 30, 2023 2022 Micro Focus Acquisition Restructuring Plan $ 6,864 $ — Fiscal 2022 Restructuring Plan 173 6,110 Other historical restructuring plans (290) (468) Acquisition-related costs 1,070 4,585 Other charges (recoveries) 5,977 4,054 Total $ 13,794 $ 14,281 Micro Focus Acquisition Restructuring Plan During the third quarter of Fiscal 2023, as part of the Micro Focus Acquisition, we made a strategic decision to implement restructuring activities to reduce our overall workforce and further reduce our real estate footprint around the world (Micro Focus Acquisition Restructuring Plan). The Micro Focus Acquisition Restructuring Plan charges relate to facility costs and workforce reductions. Facility costs include the accelerated amortization associated with the abandonment of right of use assets, the write-off of fixed assets and other related variable lease and exit costs. These charges require management to make certain judgments and estimates regarding the amount and timing of restructuring charges or recoveries. Our estimated liability could change subsequent to its recognition, requiring adjustments to the expense and the liability recorded. On a quarterly basis, we conduct an evaluation of the related liabilities and expenses and revise our assumptions and estimates as appropriate. During the three months ended September 30, 2023, we recognized costs of $5.5 million related to abandoned office spaces that have been early terminated or assigned to a third party, of which $4.1 million was related to the write-off of right of use assets, and $0.4 million in charges associated with the write off of fixed assets as part of the Micro Focus Acquisition Restructuring Plan. As of September 30, 2023, we expect total costs to be incurred in connection with the Micro Focus Acquisition Restructuring Plan to be approximately $135.0 million to $150.0 million, of which $79.1 million has been recorded within “Special charges (recoveries)” to date. A reconciliation of the beginning and ending restructuring liability, which is included within “Accounts payable and accrued liabilities” in our Condensed Consolidated Balance Sheets, for the three months ended September 30, 2023 is shown below. Micro Focus Acquisition Restructuring Plan Workforce reduction Facility charges Total Balance payable as of June 30, 2023 $ 25,816 $ 7,276 $ 33,092 Accruals and adjustments 1,407 1,367 2,774 Cash payments (9,414) (1,050) (10,464) Foreign exchange and other non-cash adjustments (334) (31) (365) Balance payable as of September 30, 2023 $ 17,475 $ 7,562 $ 25,037 Fiscal 2022 Restructuring Plan During the third quarter of Fiscal 2022, as part of our return to office planning, we made a strategic decision to implement restructuring activities to streamline our operations and further reduce our real estate footprint around the world (Fiscal 2022 Restructuring Plan). The Fiscal 2022 Restructuring Plan charges will relate to facility costs and workforce reductions. Facility costs will include the accelerated amortization associated with the abandonment of right of use assets, the write-off of fixed assets and other related variable lease and exit costs. These charges require management to make certain judgments and estimates regarding the amount and timing of restructuring charges or recoveries. Our estimated liability could change subsequent to its recognition, requiring adjustments to the expense and the liability recorded. On a quarterly basis, we conduct an evaluation of the related liabilities and expenses and revise our assumptions and estimates as appropriate. During the three months ended September 30, 2023, we recognized costs of $0.2 million related to abandoned office space that have been early terminated or assigned to a third party. Since the inception of the Fiscal 2022 Restructuring Plan, $32.7 million has been recorded within “Special charges (recoveries)” to date. We do not expect to incur any further significant charges relating to the Fiscal 2022 Restructuring Plan. A reconciliation of the beginning and ending restructuring liability, which is included within “Accounts payable and accrued liabilities” in our Condensed Consolidated Balance Sheets, for the three months ended September 30, 2023 is shown below. Fiscal 2022 Restructuring Plan Workforce reduction Facility charges Total Balance payable as of June 30, 2023 $ 497 $ 3,308 $ 3,805 Accruals and adjustments — 127 127 Cash payments (118) (274) (392) Foreign exchange and other non-cash adjustments (8) (88) (96) Balance payable as of September 30, 2023 $ 371 $ 3,073 $ 3,444 Acquisition-related costs Acquisition-related costs, recorded within “Special charges (recoveries)” include direct costs of potential and completed acquisitions. Acquisition-related costs for the three months ended September 30, 2023 were $1.1 million (three months ended September 30, 2022—$4.6 million). Other charges (recoveries) For the three months ended September 30, 2023, “Other charges (recoveries)” includes $2.9 million of Micro Focus compensation related charges, $1.6 million of miscellaneous professional advisory charges, $1.1 million of other miscellaneous charges and $0.4 million related to pre-acquisition equity incentives of Zix Corporation (Zix), which upon acquisition were replaced by equivalent value cash settlements.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS Fiscal 2024 Acquisitions Other Acquisition On August 23, 2023, we acquired all of the equity interest in KineMatik Ltd. (KineMatik), a provider of automated business process and project management solutions built on OpenText’s Content Server. In accordance with ASC Topic 805, “Business Combinations”, this acquisition was accounted for as a business combination. The results of operations of KineMatik have been consolidated with those of OpenText beginning August 24, 2023. The results of KineMatik are not considered to be material to our business. Fiscal 2023 Acquisitions Acquisition of Micro Focus On January 31, 2023, we acquired all of the issued and to be issued share capital of Micro Focus for a total purchase price of $6.2 billion, inclusive of Micro Focus’ cash and repayment of Micro Focus’ outstanding indebtedness, subject to final adjustments. In connection with the financing of the Micro Focus Acquisition, concurrent with the announcement of the acquisition on August 25, 2022, the Company entered into the Acquisition Term Loan and Bridge Loan as well as certain derivative transactions. On December 1, 2022, the Company issued and sold $1 billion in aggregate principal amount of 6.90% Senior Secured Notes due 2027, amended the Acquisition Term Loan and terminated the Bridge Loan. On January 31, 2023, we drew down the entire aggregate principal amount of $3.585 billion of the Acquisition Term Loan, net of original issuance discount and other fees, and drew down $450 million under the Revolver. We used these proceeds and cash on hand to fund the purchase price consideration and repayment of Micro Focus’ outstanding indebtedness. In conjunction with the closing of the Micro Focus Acquisition, the deal-contingent forward contracts and non-contingent forward contract, as described in Note 17 “Derivative Instruments and Hedging Activities,” were settled. The results of operations of Micro Focus have been consolidated with those of OpenText beginning February 1, 2023. Preliminary Purchase Price Allocation As of September 30, 2023, the recognized amounts of identifiable assets acquired and liabilities assumed, based on their fair values as of January 31, 2023, are set forth below: Cash and cash equivalents $ 541,584 Accounts receivable, net of allowances for credit losses (1) 408,921 Other current assets 291,221 Non-current tangible assets 447,764 Goodwill (2) (3) 3,383,746 Intangible customer assets 2,162,400 Intangible technology assets 1,392,300 Accounts payable and accrued liabilities (504,587) Deferred revenues (1,107,627) Other liabilities (3) (769,285) Net assets acquired $ 6,246,437 ______________________________ (1) The gross amount receivable was $418.2 million of which $9.3 million of this receivable was expected to be uncollectible. (2) The goodwill of $3.4 billion is primarily attributable to the synergies expected to arise after the acquisition. There is $67.3 million of goodwill that is deductible for tax purposes. (3) Current period purchase price allocation adjustments of $33.9 million were primarily driven by changes in other liabilities related to adjustments of pre-acquisition short term and deferred tax liabilities. A settlement related to Micro Focus’ securities litigation that was agreed to prior to the Micro Focus Acquisition has been accrued as part of the liabilities assumed. This settlement, which received final court approval and is now resolved, was fully paid from insurance coverage, and therefore a receivable was recognized as part of the assets acquired. During the third quarter of Fiscal 2023, payment was made into escrow by insurers, and therefore both the associated receivable and liability are no longer included on the Condensed Consolidated Balance Sheets as of September 30, 2023. The finalization of the above purchase price allocation is pending the finalization of the valuation of fair value for the assets acquired and liabilities assumed, including intangible assets and taxation-related balances as well as for potential unrecorded liabilities. We expect to finalize this determination on or before our quarter ending March 31, 2024. The unaudited pro forma revenues and net income (loss) of the combined entity for the three months ended September 30, 2022, had the Micro Focus Acquisition been consummated on July 1, 2021, are set forth below: Three Months Ended September 30, Supplemental Unaudited Pro Forma Information 2022 Revenues $ 1,462,612 Net income (loss) (78,804) Net income (loss) attributable to OpenText (78,848) The unaudited pro forma financial information in the table above is presented for information purposes only and is not indicative of the results of operations that would have been achieved if the Micro Focus Acquisition had taken place at the beginning of the periods presented or the results that may be realized in the future.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Sep. 30, 2023
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Foreign Currency Translation Adjustments Cash Flow Hedges Available-for-Sale Financial Assets Defined Benefit Pension Plans Accumulated Other Comprehensive Income (Loss) Balance as of June 30, 2023 $ (44,114) $ 1,124 $ (602) $ (9,967) $ (53,559) Other comprehensive income (loss) before reclassifications, net of tax (14,583) (1,841) (221) (19) (16,664) Amounts reclassified into net income, net of tax — 9 — 189 198 Total other comprehensive income (loss) net, for the period (14,583) (1,832) (221) 170 (16,466) Balance as of September 30, 2023 $ (58,697) $ (708) $ (823) $ (9,797) $ (70,025) Foreign Currency Translation Adjustments Cash Flow Hedges Available-for-Sale Financial Assets Defined Benefit Pension Plans Accumulated Other Comprehensive Income (Loss) Balance as of June 30, 2022 $ (3,316) $ (656) — $ (3,687) $ (7,659) Other comprehensive income (loss) before reclassifications, net of tax (36,366) (3,340) — 4,164 (35,542) Amounts reclassified into net income, net of tax — 588 — 37 625 Total other comprehensive income (loss) net, for the period (36,366) (2,752) — 4,201 (34,917) Balance as of September 30, 2022 $ (39,682) $ (3,408) $ — $ 514 $ (42,576)

SUPPLEMENTAL CASH FLOW DISCLOSU

SUPPLEMENTAL CASH FLOW DISCLOSURES	3 Months Ended
	Sep. 30, 2023
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	SUPPLEMENTAL CASH FLOW DISCLOSURES Three Months Ended September 30, 2023 2022 Cash paid during the period for interest $ 131,867 $ 46,423 Cash received during the period for interest $ 11,453 $ 5,431 Cash paid during the period for income taxes $ 79,237 $ 38,459

OTHER INCOME (EXPENSE), NET

OTHER INCOME (EXPENSE), NET	3 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
OTHER INCOME (EXPENSE), NET	OTHER INCOME (EXPENSE), NET Three Months Ended September 30, 2023 2022 Foreign exchange gains (losses) $ 11,434 $ (1,361) Unrealized gains (losses) on derivatives not designated as hedges (1) 17,895 (181,461) OpenText share in net income (loss) of equity investees (2) (9,696) (6,534) Other miscellaneous income (expense) 537 125 Total other income (expense), net $ 20,170 $ (189,231) ______________________ (1) Represents the unrealized gains (losses) on our derivatives not designated as hedges related to the Micro Focus Acquisition (see Note 17 “Derivative Instruments and Hedging Activities” for more details). (2) Represents our share in net income (losses) of equity investees, which approximates fair value and subject to volatility based on market trends and business conditions, based on our interest in certain investment funds in which we are a limited partner. Our interests in each of these investees range from 4% to below 20% and these investments are accounted for using the equity method (see Note 9 “Prepaid Expenses and Other Assets” for more details).

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	3 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share are computed by dividing net income (loss) attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings (loss) per share are computed by dividing net income (loss) attributable to OpenText, by the shares used in the calculation of basic earnings (loss) per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings (loss) per share if their effect is anti-dilutive. For periods in which we incur a net loss, our outstanding Common Share equivalents are not included in the calculation of diluted loss per share as their effect is anti-dilutive. Three Months Ended September 30, 2023 2022 Basic earnings (loss) per share Net income (loss) attributable to OpenText $ 80,901 $ (116,929) Basic earnings (loss) per share attributable to OpenText $ 0.30 $ (0.43) Diluted earnings (loss) per share Net income (loss) attributable to OpenText $ 80,901 $ (116,929) Diluted earnings (loss) per share attributable to OpenText $ 0.30 $ (0.43) Weighted-average number of shares outstanding (in ‘000’s) Basic 271,178 269,804 Effect of dilutive securities 724 — Diluted 271,902 269,804 Excluded as anti-dilutive (1) 7,304 9,452 ______________________

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Our procedure regarding the approval of any related party transaction requires that the material facts of such transaction be reviewed by the independent members of the Audit Committee and the transaction be approved by a majority of the independent members of the Audit Committee. The Audit Committee reviews all transactions in which we are, or will be, a participant and any related party has or will have a direct or indirect interest in the transaction. In determining whether to approve a related party transaction, the Audit Committee generally takes into account, among other facts it deems appropriate, whether the transaction is on terms no less favorable than terms generally available to an unaffiliated third party under the same or similar circumstances; the extent and nature of the related person’s interest in the transaction; the benefits to the Company of the proposed transaction; if applicable, the effects on a director’s independence; and if applicable, the availability of other sources of comparable services or products. During the three months ended September 30, 2023, Mr. Stephen Sadler, a member of the Board of Directors, earned $3 thousand (three months ended September 30, 2022 — $7 thousand) in consulting fees from OpenText for assistance with acquisition-related business activities. Mr. Sadler abstained from voting on all transactions from which he would potentially derive consulting fees.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Cash Dividends As part of our quarterly, non-cumulative cash dividend program, we declared, on November 1, 2023, a dividend of $0.25 per Common Share. The record date for this dividend is December 1, 2023 and the payment date is December 20, 2023. Future declarations of dividends and the establishment of future record and payment dates are subject to the final determination and discretion of our Board. Debt Repayment Following the end of the quarter, on October 10, 2023 we repaid the outstanding balance on the Revolver of $100 million and on October 20, 2023 we repaid $75 million of the outstanding balance on the Acquisition Term Loan using cash on hand. As of October 31, 2023, we had a balance of nil and $3.5 billion outstanding on our Revolver and Acquisition Term Loan, respectively.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net loss	$ 80,901	$ (116,929)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of estimates	Use of estimates
Accounting Pronouncements Adopted in Fiscal 2024	Accounting Pronouncements Adopted in Fiscal 2024 During the three months ended September 30, 2023, we have adopted the following Accounting Standards Updates (ASU): Supplier Financing Program Obligations In September 2022, the Financial Accounting Standards Board (FASB) issued ASU 2022-04 “Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations.” This standard requires companies that participate in supplier finance programs in connection with the procurement of goods or services to disclose quantitative and qualitative information about the programs.
Contract Balances	Contract Balances A contract asset, net of allowance for credit losses, will be recorded if we have recognized revenue but do not have an unconditional right to the related consideration from the customer. For example, this will be the case if implementation services offered in a cloud arrangement are identified as a separate performance obligation and are provided to a customer prior to us being able to bill the customer. In addition, a contract asset may arise in relation to subscription licenses if the license revenue that is recognized upfront exceeds the amount that we are able to invoice the customer at that time. Contract assets are reclassified to accounts receivable when the rights become unconditional.
Leases	We enter into operating leases, both domestically and internationally, for certain facilities, automobiles, data centers and equipment for use in the ordinary course of business. The duration of the majority of these leases generally ranges from 1 to 10 years, some of which include options to extend for an additional 3 to 5 years after the initial term. Additionally, the land upon which our headquarters in Waterloo, Ontario, Canada is located is leased from the University of Waterloo for a period of 49 years beginning in December 2005, with an option to renew for an additional term of 49 years. We also have finance lease liabilities comprised of equipment lease arrangements with an average duration of 4 to 5 years all of which are currently being sublet. Leases with an initial term of 12 months or less are not recorded on our Condensed Consolidated Balance Sheets.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	3 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule Of Fiscal Year Terms	The following Fiscal Year terms are used throughout this Quarterly Report on Form 10-Q: Fiscal Year Beginning Date Ending Date Fiscal 2025 July 1, 2024 June 30, 2025 Fiscal 2024 July 1, 2023 June 30, 2024 Fiscal 2023 July 1, 2022 June 30, 2023 Fiscal 2022 July 1, 2021 June 30, 2022 Fiscal 2021 July 1, 2020 June 30, 2021 Fiscal 2020 July 1, 2019 June 30, 2020 Fiscal 2019 July 1, 2018 June 30, 2019 Fiscal 2018 July 1, 2017 June 30, 2018 Fiscal 2017 July 1, 2016 June 30, 2017 Fiscal 2016 July 1, 2015 June 30, 2016 Fiscal 2015 July 1, 2014 June 30, 2015 Fiscal 2014 July 1, 2013 June 30, 2014 Fiscal 2013 July 1, 2012 June 30, 2013 Fiscal 2012 July 1, 2011 June 30, 2012

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables disaggregate our revenue by significant geographic area, based on the location of our direct end customer, by type of performance obligation and timing of revenue recognition for the periods indicated: Three Months Ended September 30, 2023 2022 Total Revenues by Geography: Americas (1) $ 845,227 $ 557,788 EMEA (2) 445,440 228,353 Asia Pacific (3) 134,762 65,895 Total revenues $ 1,425,429 $ 852,036 Total Revenues by Type of Performance Obligation: Recurring revenues (4) Cloud services and subscriptions revenue $ 451,014 $ 404,651 Customer support revenue 697,713 317,351 Total recurring revenues $ 1,148,727 $ 722,002 License revenue (perpetual, term and subscriptions) 173,026 62,548 Professional service and other revenue 103,676 67,486 Total revenues $ 1,425,429 $ 852,036 Total Revenues by Timing of Revenue Recognition: Point in time $ 173,026 $ 62,548 Over time (including professional service and other revenue) 1,252,403 789,488 Total revenues $ 1,425,429 $ 852,036 ___________________________ (1) Americas consists of countries in North, Central and South America. (2) EMEA consists of countries in Europe, the Middle East and Africa. (3) Asia Pacific primarily consists of Japan, Australia, China, Korea, Philippines, Singapore, India and New Zealand. (4) Recurring revenue is defined as the sum of Cloud services and subscriptions revenue and Customer support revenue.
Schedule of Contract Balances	The balance for our contract assets and contract liabilities (i.e. deferred revenues) for the periods indicated below were as follows: As of September 30, 2023 As of June 30, 2023 Short-term contract assets $ 78,562 $ 71,196 Long-term contract assets $ 54,448 $ 64,553 Short-term deferred revenues $ 1,596,321 $ 1,721,781 Long-term deferred revenues $ 197,112 $ 217,771
Schedule of Incremental Costs of Obtaining a Contract with a Customer	The following table summarizes the changes in total capitalized costs to obtain a contract, since June 30, 2023: Capitalized costs to obtain a contract as of June 30, 2023 $ 97,207 New capitalized costs incurred 11,719 Amortization of capitalized costs (9,955) Impact of foreign exchange rate changes (742) Capitalized costs to obtain a contract as of September 30, 2023 $ 98,229

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of Activity for Allowance for Credit Losses	The following illustrates the activity in our allowance for credit losses on accounts receivable, since June 30, 2023: Balance as of June 30, 2023 $ 13,828 Credit loss expense (recovery) 1,782 Write-off / adjustments (4,109) Balance as of September 30, 2023 $ 11,501

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	As of September 30, 2023 Cost Accumulated Net Computer hardware $ 398,358 $ (260,277) $ 138,081 Computer software 188,038 (142,234) 45,804 Capitalized software development costs 224,334 (129,896) 94,438 Leasehold improvements 118,370 (92,065) 26,305 Land and buildings 61,877 (18,403) 43,474 Furniture, equipment and other 54,738 (41,228) 13,510 Total $ 1,045,715 $ (684,103) $ 361,612 As of June 30, 2023 Cost Accumulated Net Computer hardware $ 386,400 $ (254,131) $ 132,269 Computer software 178,899 (135,123) 43,776 Capitalized software development costs 216,762 (122,730) 94,032 Leasehold improvements 123,607 (94,721) 28,886 Land and buildings 62,041 (18,020) 44,021 Furniture, equipment and other 55,741 $ (41,821) 13,920 Total $ 1,023,450 $ (666,546) $ 356,904

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Schedule of Assets And Liabilities, Lessee	The following illustrates the Condensed Consolidated Balance Sheets information related to leases: As of September 30, 2023 As of June 30, 2023 Operating Leases Balance Sheet Location Operating lease right of use assets Operating lease right of use assets $ 266,053 $ 285,723 Operating lease liabilities (current) Operating lease liabilities $ 90,418 $ 91,425 Operating lease liabilities (noncurrent) Long-term operating lease liabilities 252,629 271,579 Total operating lease liabilities $ 343,047 $ 363,004 Finance Leases Finance lease receivables (current) Prepaid expenses and other current assets $ 5,492 $ 6,362 Finance lease receivables (noncurrent) Other assets 4,443 5,515 Total finance lease receivables $ 9,935 $ 11,877 Finance lease liabilities (current) Accounts payable and accrued liabilities $ 4,992 $ 5,281 Finance lease liabilities (noncurrent) Accrued liabilities 4,437 5,500 Total finance lease liabilities $ 9,429 $ 10,781
Schedule of Lease Costs and Other Information	The weighted average remaining lease term and discount rate for the periods indicated below were as follows: As of September 30, 2023 As of June 30, 2023 Weighted-average remaining lease term Operating leases 5.49 years 5.62 years Finance leases 2.22 years 2.40 years Weighted-average discount rate Operating leases 4.7 % 4.66 % Finance leases 5.58 % 5.60 % The following illustrates the various components of lease costs for the period indicated: Three Months Ended September 30, 2023 2022 Operating lease cost $ 23,740 $ 14,311 Short-term lease cost 1,155 387 Variable lease cost 1,135 579 Sublease income (3,338) (2,912) Total lease cost $ 22,692 $ 12,365 The following table presents supplemental information relating to cash flows arising from lease transactions. Cash payments made for variable lease costs and short-term leases are not included in the measurement of lease liabilities, and, as such, are excluded from the amounts below: Three Months Ended September 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating leases $ 27,699 $ 17,740 Finance leases $ 1,486 $ — Right of use assets obtained in exchange for new lease liabilities: Operating leases $ 7,045 $ 22,467
Schedule of Maturity of Lease Liabilities	The following table presents the future minimum lease payments under our leases liabilities as of September 30, 2023: Fiscal years ending June 30, Operating Leases Finance Leases 2024 (nine months ended) $ 79,726 $ 4,232 2025 84,518 3,363 2026 62,278 1,937 2027 50,684 459 2028 39,505 — Thereafter 70,926 — Total lease payments $ 387,637 $ 9,991 Less: Imputed interest (44,590) (562) Total $ 343,047 $ 9,429

GOODWILL (Tables)

GOODWILL (Tables)	3 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	The following table summarizes the changes in goodwill since June 30, 2023: Balance as of June 30, 2023 $ 8,662,603 Other acquisition (Note 19) 1,250 Acquisition of Micro Focus (Note 19) (1) (33,889) Impact of foreign exchange rate changes (11,199) Balance as of September 30, 2023 $ 8,618,765 ______________________ (1) Adjustments relating to open measurement period.

ACQUIRED INTANGIBLE ASSETS (Tab

ACQUIRED INTANGIBLE ASSETS (Tables)	3 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Calculation of Acquired Intangibles by Asset Class	As of September 30, 2023 Cost Accumulated Amortization Net Technology assets $ 1,815,285 $ (461,716) $ 1,353,569 Customer assets 3,694,061 (1,159,413) 2,534,648 Total $ 5,509,346 $ (1,621,129) $ 3,888,217 As of June 30, 2023 Cost Accumulated Amortization Net Technology assets $ 1,815,260 $ (385,868) $ 1,429,392 Customer assets 3,691,252 (1,039,765) 2,651,487 Total $ 5,506,512 $ (1,425,633) $ 4,080,879
Schedule of Calculation of Estimated Future Amortization Expense	The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets: Fiscal years ending June 30, 2024 (nine months ended) $ 557,173 2025 643,188 2026 599,851 2027 529,474 2028 505,749 2029 and Thereafter 1,052,782 Total $ 3,888,217

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	3 Months Ended
	Sep. 30, 2023
Other Assets [Abstract]
Schedule of Components of Prepaid Expenses and Other Assets	Prepaid expenses and other current assets: As of September 30, 2023 As of June 30, 2023 Deposits and restricted cash $ 4,400 $ 2,621 Capitalized costs to obtain a contract 36,020 39,685 Short-term prepaid expenses and other current assets 158,566 175,879 Derivative asset (1) 931 3,547 Total $ 199,917 $ 221,732 ______________________________ (1) Represents the asset related to our derivative instrument activity (see Note 17 “Derivative Instruments and Hedging Activities”). Other assets: As of September 30, 2023 As of June 30, 2023 Deposits and restricted cash $ 18,364 $ 20,418 Capitalized costs to obtain a contract 62,209 57,522 Investments 137,229 147,974 Available-for-sale financial assets 39,048 39,858 Long-term prepaid expenses and other long-term assets 72,122 76,546 Total $ 328,972 $ 342,318

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	3 Months Ended
	Sep. 30, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of Current Liabilities	Accounts payable and accrued liabilities: As of September 30, 2023 As of June 30, 2023 Accounts payable—trade $ 138,460 $ 162,720 Accrued salaries, incentives and commissions 252,975 333,543 Accrued liabilities 222,748 239,817 Accrued sales and other tax liabilities 14,194 25,439 Derivative liability (1) 127,152 161,191 Accrued interest on long-term debt 52,766 37,563 Amounts payable in respect of restructuring and other special charges 21,818 30,073 Asset retirement obligations 5,929 5,915 Total $ 836,042 $ 996,261 ______________________
Schedule of Long-Term Accrued Liabilities	Long-term accrued liabilities: As of September 30, 2023 As of June 30, 2023 Amounts payable in respect of restructuring and other special charges $ 8,534 $ 8,875 Other accrued liabilities 16,829 17,749 Asset retirement obligations 23,970 25,337 Total $ 49,333 $ 51,961

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	As of September 30, 2023 As of June 30, 2023 Total debt Senior Notes 2031 $ 650,000 $ 650,000 Senior Notes 2030 900,000 900,000 Senior Notes 2029 850,000 850,000 Senior Notes 2028 900,000 900,000 Senior Secured Notes 2027 1,000,000 1,000,000 Term Loan B 945,000 947,500 Acquisition Term Loan 3,558,113 3,567,075 Revolver 100,000 275,000 Total principal payments due 8,903,113 9,089,575 Unamortized debt discount and issuance costs (1) (202,694) (206,629) Total amount outstanding 8,700,419 8,882,946 Less: Current portion of long-term debt Term Loan B 10,000 10,000 Acquisition Term Loan 35,850 35,850 Revolver 100,000 275,000 Total current portion of long-term debt 145,850 320,850 Non-current portion of long-term debt $ 8,554,569 $ 8,562,096 ______________________

PENSION PLANS AND OTHER POST RE

PENSION PLANS AND OTHER POST RETIREMENT BENEFITS (Tables)	3 Months Ended
	Sep. 30, 2023
Retirement Benefits [Abstract]
Schedule of Components of Net Pension Expense for Pension Plan	The following are details of net pension expense relating to the defined benefit pension plans: Three Months Ended September 30, 2023 2022 Pension expense: Service cost $ 2,725 $ 1,059 Interest cost 3,089 970 Expected return of plan assets (2,808) (403) Amortization of actuarial (gains) losses 165 63 Net pension expense $ 3,171 $ 1,689

SHARE CAPITAL, OPTION PLANS A_2

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS (Tables)	3 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation Costs	Share-based compensation expense for the periods indicated below is detailed as follows: Three Months Ended September 30, 2023 2022 Stock Options (issued under Stock Option Plans) $ 4,544 $ 3,585 Performance Share Units (issued under LTIP) 5,889 4,235 Restricted Share Units (issued under LTIP) 2,881 2,175 Restricted Share Units (other) 21,372 10,637 Deferred Share Units (directors) 914 961 Employee Stock Purchase Plan 1,495 1,615 Total share-based compensation expense $ 37,095 $ 23,208
Schedule of Unrecognized Compensation Cost	A summary of unrecognized compensation cost for unvested shared-based payment awards is as follows: As of September 30, 2023 Unrecognized Compensation Cost Weighted Average Recognition Period (years) Stock Options (issued under Stock Option Plans) $ 48,754 2.6 Performance Share Units (issued under LTIP) 56,484 2.5 Restricted Share Units (issued under LTIP) 27,139 2.4 Restricted Share Units (other) 83,793 1.3 Total unrecognized share-based compensation cost $ 216,170
Schedule of Option Activity	A summary of activity under our stock option plans for the three months ended September 30, 2023 is as follows: Options Weighted- Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 12,219,439 $ 38.44 4.68 $ 62,473 Granted 840,610 36.79 Exercised (84,885) 34.08 Forfeited or expired (221,571) 42.39 Outstanding at September 30, 2023 12,753,593 $ 38.29 4.60 $ 23,473 Exercisable at September 30, 2023 4,940,080 $ 40.16 3.10 $ 2,691
Schedule of Weighted Average Assumptions, Fair Value and Intrinsic Value	For the periods indicated, the weighted-average fair value of PSUs issued under LTIP, and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows: Three Months Ended September 30, 2023 2022 Weighted–average fair value of performance share units granted $ 59.48 $ 55.06 Weighted-average assumptions used: Expected volatility 28.05 % 29.00 % Risk–free interest rate 4.38 % 3.13 % Expected dividend yield — % — % Expected life (in years) 3.11 3.11
Schedule of Weighted-Average Fair Value of Options and Weighted-Average Assumptions Used	For the periods indicated, the weighted-average fair value of options and weighted-average assumptions estimated under the Black-Scholes option-pricing model were as follows: Three Months Ended September 30, 2023 2022 Weighted–average fair value of options granted $ 9.16 $ 8.16 Weighted-average assumptions used: Expected volatility 30.93 % 27.46 % Risk–free interest rate 4.44 % 2.86 % Expected dividend yield 2.66 % 2.32 % Expected life (in years) 4.24 4.18 Forfeiture rate (based on historical rates) 7 % 7 % Average exercise share price $ 36.79 $ 39.09 For the period in which performance options were granted, the weighted-average fair value of performance options and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows: Three Months Ended September 30, 2022 Weighted–average fair value of options granted $ 8.09 Derived service period (in years) 1.70 Weighted-average assumptions used: Expected volatility 26.00 % Risk–free interest rate 3.21 % Expected dividend yield 2.00 % Average exercise share price $ 31.89
Schedule of Non Option Award Activity	A summary of activity under our performance share units issued under the LTIP for the three months ended September 30, 2023 is as follows: Units Weighted-Average Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 1,013,385 $ 61.64 1.75 $ 42,106 Granted (1) 612,432 59.22 Vested — — Forfeited or expired (24,049) 61.69 Outstanding at September 30, 2023 1,601,768 $ 60.76 2.16 $ 56,222 __________________________
Schedule of Restricted Stock Activity	A summary of activity under our RSUs issued under the LTIP for the three months ended September 30, 2023 is as follows: Units Weighted-Average Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 774,360 $ 42.83 1.68 $ 32,175 Granted 466,454 36.80 Vested — — Forfeited or expired (24,049) 41.83 Outstanding at September 30, 2023 1,216,765 $ 40.55 2.11 $ 42,708 A summary of activity under our RSUs (other) issued for the three months ended September 30, 2023 is as follows: Units Weighted-Average Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 5,310,595 $ 36.43 1.97 $ 220,655 Granted 10,192 37.51 Vested (183,094) 39.83 Forfeited or expired (106,055) 36.87 Outstanding at September 30, 2023 5,031,638 $ 36.12 1.75 $ 176,610
Schedule of Nonvested Share Activity	A summary of activity under our DSUs issued for the three months ended September 30, 2023 is as follows: Units Weighted-Average Weighted- Aggregate Intrinsic Value Outstanding at June 30, 2023 (1) 994,568 $ 29.98 0.36 $ 41,324 Granted 7,050 37.70 Outstanding at September 30, 2023 (1) 1,001,618 $ 30.04 0.10 $ 35,157 ______________________ (1) Includes 90,906 unvested DSUs.

GUARANTEES AND CONTINGENCIES (T

GUARANTEES AND CONTINGENCIES (Tables)	3 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Contractual Obligations	We have entered into the following contractual obligations with minimum payments for the indicated fiscal periods as follows: Payments due between Total October 1, 2023 - June 30, 2024 July 1, 2024 - June 30, 2026 July 1, 2026 - June 30, 2028 July 1, 2028 and beyond Long-term debt obligations (1) $ 11,967,329 $ 478,079 $ 2,155,858 $ 2,908,194 $ 6,425,198 Purchase obligations for contracts not accounted for as lease obligations (2) 400,328 118,628 270,777 10,923 — $ 12,367,657 $ 596,707 $ 2,426,635 $ 2,919,117 $ 6,425,198 ______________________ (1) Includes interest up to maturity and principal payments. Please see Note 11 “Long-Term Debt” for more details. (2) For contractual obligations relating to leases and purchase obligations accounted for under ASC Topic 842, please see Note 6 “Leases.”

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table summarizes the fair value of our financial instruments as of September 30, 2023 and June 30, 2023: Fair Value Fair Value Hierarchy September 30, 2023 June 30, 2023 Assets: Available-for-sale financial assets (Note 9) Level 2 $ 14,958 $ 15,231 Available-for-sale financial assets (Note 9) Level 3 $ 24,090 $ 24,627 Derivative asset (Note 17) Level 2 $ 931 $ 3,547 Liabilities: Derivative liability (Note 17) Level 2 $ (127,152) $ (161,191) Senior Notes (Note 11) (1) Level 2 $ (3,763,513) $ (3,827,888) ______________________ (1) Senior Notes are presented within the Condensed Consolidated Balance Sheets at amortized cost. See Note 11 “Long-Term Debt” for further details.
Schedule of Reconciliation of Changes in Fair Value of Level 3 Investments	The following table provides a reconciliation of changes in the fair value of our Level 3 available-for-sale financial assets between June 30, 2023 and September 30, 2023. Available-for-sale Balance as of June 30, 2023 $ 24,627 Gain (loss) recognized in income (537) Balance as of September 30, 2023 $ 24,090

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets	The fair values of outstanding derivative instruments are as follows: As of As of Instrument Balance Sheet Location Asset Liability Asset Liability Derivatives designated as hedges: Cash flow hedge Prepaid expenses and other current assets (Accounts payable and accrued liabilities) $ — $ (963) $ 1,530 $ — Net investment hedge Prepaid expenses and other current assets (Accounts payable and accrued liabilities) 304 (70,748) 596 (87,855) Total derivatives designated as hedges 304 (71,711) 2,126 (87,855) Derivatives not designated as hedges: Cross currency swap contracts Prepaid expenses and other current assets (Accounts payable and accrued liabilities) 627 (55,441) 1,421 (73,336) Total derivatives not designated as hedges 627 (55,441) 1,421 (73,336) Total derivatives $ 931 $ (127,152) $ 3,547 $ (161,191) The effects of gains (losses) from derivative instruments on our Condensed Consolidated Statements of Income is as follows: Three Months Ended Instrument Income Statement Location 2023 2022 Derivatives designated as hedges: Cash flow hedge Operating expenses $ (12) $ (800) Net investment hedge Interest and other related expense, net 922 — Derivatives not designated as hedges: Deal-contingent forward contract Other income (expense), net — (125,331) Non-contingent forward contract Other income (expense), net — (26,203) Cross currency swap contracts Other income (expense), net 17,895 (29,927) Cross currency swap contracts Interest and other related expense, net 856 — Total $ 19,661 $ (182,261)
Schedule of Effects of Derivative Instruments on Income and Other Comprehensive Income (OCI)	The effects of the cash flow and net investment hedges on our Condensed Consolidated Statements of Comprehensive Income: Three Months Ended Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income Location 2023 2022 Gain (loss) recognized in OCI (loss) on cash flow hedge (effective portion) Unrealized gain (loss) on cash flow hedge $ (2,505) $ (4,546) Gain (loss) recognized in OCI (loss) on net investment hedge (effective portion) Net foreign currency translation adjustment $ 17,107 $ — Gain (loss) reclassified from AOCI into income (effective portion) - cash flow hedge Operating expenses $ (12) $ (800) Gain (loss) reclassified from AOCI into income (excluded from effectiveness testing) - net investment hedge Interest and other related expense, net $ 561 $ —

SPECIAL CHARGES (RECOVERIES) (T

SPECIAL CHARGES (RECOVERIES) (Tables)	3 Months Ended
	Sep. 30, 2023
Restructuring, Settlement and Impairment Provisions [Abstract]
Schedule of Restructuring Reserve	Special charges (recoveries) include costs and recoveries that relate to certain restructuring initiatives that we have undertaken from time to time under our various restructuring plans, as well as acquisition-related costs and other charges. Three Months Ended September 30, 2023 2022 Micro Focus Acquisition Restructuring Plan $ 6,864 $ — Fiscal 2022 Restructuring Plan 173 6,110 Other historical restructuring plans (290) (468) Acquisition-related costs 1,070 4,585 Other charges (recoveries) 5,977 4,054 Total $ 13,794 $ 14,281 A reconciliation of the beginning and ending restructuring liability, which is included within “Accounts payable and accrued liabilities” in our Condensed Consolidated Balance Sheets, for the three months ended September 30, 2023 is shown below. Micro Focus Acquisition Restructuring Plan Workforce reduction Facility charges Total Balance payable as of June 30, 2023 $ 25,816 $ 7,276 $ 33,092 Accruals and adjustments 1,407 1,367 2,774 Cash payments (9,414) (1,050) (10,464) Foreign exchange and other non-cash adjustments (334) (31) (365) Balance payable as of September 30, 2023 $ 17,475 $ 7,562 $ 25,037 A reconciliation of the beginning and ending restructuring liability, which is included within “Accounts payable and accrued liabilities” in our Condensed Consolidated Balance Sheets, for the three months ended September 30, 2023 is shown below. Fiscal 2022 Restructuring Plan Workforce reduction Facility charges Total Balance payable as of June 30, 2023 $ 497 $ 3,308 $ 3,805 Accruals and adjustments — 127 127 Cash payments (118) (274) (392) Foreign exchange and other non-cash adjustments (8) (88) (96) Balance payable as of September 30, 2023 $ 371 $ 3,073 $ 3,444

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	As of September 30, 2023, the recognized amounts of identifiable assets acquired and liabilities assumed, based on their fair values as of January 31, 2023, are set forth below: Cash and cash equivalents $ 541,584 Accounts receivable, net of allowances for credit losses (1) 408,921 Other current assets 291,221 Non-current tangible assets 447,764 Goodwill (2) (3) 3,383,746 Intangible customer assets 2,162,400 Intangible technology assets 1,392,300 Accounts payable and accrued liabilities (504,587) Deferred revenues (1,107,627) Other liabilities (3) (769,285) Net assets acquired $ 6,246,437 ______________________________ (1) The gross amount receivable was $418.2 million of which $9.3 million of this receivable was expected to be uncollectible. (2) The goodwill of $3.4 billion is primarily attributable to the synergies expected to arise after the acquisition. There is $67.3 million of goodwill that is deductible for tax purposes. (3) Current period purchase price allocation adjustments of $33.9 million were primarily driven by changes in other liabilities related to adjustments of pre-acquisition short term and deferred tax liabilities.
Schedule of Unaudited Pro Forma Information	The unaudited pro forma revenues and net income (loss) of the combined entity for the three months ended September 30, 2022, had the Micro Focus Acquisition been consummated on July 1, 2021, are set forth below: Three Months Ended September 30, Supplemental Unaudited Pro Forma Information 2022 Revenues $ 1,462,612 Net income (loss) (78,804) Net income (loss) attributable to OpenText (78,848)

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Foreign Currency Translation Adjustments Cash Flow Hedges Available-for-Sale Financial Assets Defined Benefit Pension Plans Accumulated Other Comprehensive Income (Loss) Balance as of June 30, 2023 $ (44,114) $ 1,124 $ (602) $ (9,967) $ (53,559) Other comprehensive income (loss) before reclassifications, net of tax (14,583) (1,841) (221) (19) (16,664) Amounts reclassified into net income, net of tax — 9 — 189 198 Total other comprehensive income (loss) net, for the period (14,583) (1,832) (221) 170 (16,466) Balance as of September 30, 2023 $ (58,697) $ (708) $ (823) $ (9,797) $ (70,025) Foreign Currency Translation Adjustments Cash Flow Hedges Available-for-Sale Financial Assets Defined Benefit Pension Plans Accumulated Other Comprehensive Income (Loss) Balance as of June 30, 2022 $ (3,316) $ (656) — $ (3,687) $ (7,659) Other comprehensive income (loss) before reclassifications, net of tax (36,366) (3,340) — 4,164 (35,542) Amounts reclassified into net income, net of tax — 588 — 37 625 Total other comprehensive income (loss) net, for the period (36,366) (2,752) — 4,201 (34,917) Balance as of September 30, 2022 $ (39,682) $ (3,408) $ — $ 514 $ (42,576)

SUPPLEMENTAL CASH FLOW DISCLO_2

SUPPLEMENTAL CASH FLOW DISCLOSURES (Tables)	3 Months Ended
	Sep. 30, 2023
Supplemental Cash Flow Information [Abstract]
Schedule of Supplemental Disclosure of Cash Flow Information	Three Months Ended September 30, 2023 2022 Cash paid during the period for interest $ 131,867 $ 46,423 Cash received during the period for interest $ 11,453 $ 5,431 Cash paid during the period for income taxes $ 79,237 $ 38,459

OTHER INCOME (EXPENSE), NET (Ta

OTHER INCOME (EXPENSE), NET (Tables)	3 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Other Income (Expense), Net	Three Months Ended September 30, 2023 2022 Foreign exchange gains (losses) $ 11,434 $ (1,361) Unrealized gains (losses) on derivatives not designated as hedges (1) 17,895 (181,461) OpenText share in net income (loss) of equity investees (2) (9,696) (6,534) Other miscellaneous income (expense) 537 125 Total other income (expense), net $ 20,170 $ (189,231) ______________________ (1) Represents the unrealized gains (losses) on our derivatives not designated as hedges related to the Micro Focus Acquisition (see Note 17 “Derivative Instruments and Hedging Activities” for more details). (2) Represents our share in net income (losses) of equity investees, which approximates fair value and subject to volatility based on market trends and business conditions, based on our interest in certain investment funds in which we are a limited partner. Our interests in each of these investees range from 4% to below 20% and these investments are accounted for using the equity method (see Note 9 “Prepaid Expenses and Other Assets” for more details).

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	3 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Basic Earnings (Loss) Per Share	Three Months Ended September 30, 2023 2022 Basic earnings (loss) per share Net income (loss) attributable to OpenText $ 80,901 $ (116,929) Basic earnings (loss) per share attributable to OpenText $ 0.30 $ (0.43) Diluted earnings (loss) per share Net income (loss) attributable to OpenText $ 80,901 $ (116,929) Diluted earnings (loss) per share attributable to OpenText $ 0.30 $ (0.43) Weighted-average number of shares outstanding (in ‘000’s) Basic 271,178 269,804 Effect of dilutive securities 724 — Diluted 271,902 269,804 Excluded as anti-dilutive (1) 7,304 9,452 ______________________

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Billions	Jan. 31, 2023	Sep. 30, 2023
Micro Focus
Noncontrolling Interest [Line Items]
Purchase consideration	$ 6.2
OT South Africa
Noncontrolling Interest [Line Items]
Ownership by open text (as a percent)		70%

REVENUES - Disaggregation of Re

REVENUES - Disaggregation of Revenue (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($) revenueStream	Sep. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Number of revenue streams (in revenue streams) | revenueStream	4
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,425,429	$ 852,036
Point in time
Disaggregation of Revenue [Line Items]
Total revenues	173,026	62,548
Over time (including professional service and other revenue)
Disaggregation of Revenue [Line Items]
Total revenues	1,252,403	789,488
Total recurring revenues
Disaggregation of Revenue [Line Items]
Total revenues	1,148,727	722,002
Cloud services and subscriptions revenue
Disaggregation of Revenue [Line Items]
Total revenues	451,014	404,651
Customer support revenue
Disaggregation of Revenue [Line Items]
Total revenues	697,713	317,351
License revenue (perpetual, term and subscriptions)
Disaggregation of Revenue [Line Items]
Total revenues	173,026	62,548
Professional service and other revenue
Disaggregation of Revenue [Line Items]
Total revenues	103,676	67,486
Americas
Disaggregation of Revenue [Line Items]
Total revenues	845,227	557,788
EMEA
Disaggregation of Revenue [Line Items]
Total revenues	445,440	228,353
Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenues	$ 134,762	$ 65,895

REVENUES - Contract Balances (D

REVENUES - Contract Balances (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Short-term contract assets	$ 78,562,000		$ 71,196,000
Long-term contract assets	54,448,000		64,553,000
Short-term deferred revenues	1,596,321,000		1,721,781,000
Long-term deferred revenues	197,112,000		$ 217,771,000
Contract assets reclassified to receivables	25,100,000	$ 8,900,000
Asset impairment	0	0
Revenue recognized	$ 739,000,000	$ 373,000,000

REVENUES - Incremental Costs of

REVENUES - Incremental Costs of Obtaining a Contract with a Customer (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Capitalized Contract Cost [Roll Forward]
Capitalized costs to obtain a contract, beginning balance	$ 97,207,000
New capitalized costs incurred	11,719,000
Amortization of capitalized costs	(9,955,000)
Impact of foreign exchange rate changes	(742,000)
Capitalized costs to obtain a contract, ending balance	98,229,000
Impairment loss	$ 0	$ 0

REVENUES - Transaction Price Al

REVENUES - Transaction Price Allocated to the Remaining Performance Obligations (Details) $ in Billions	Sep. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 2.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation (as a percent)	47%
Expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	3 years

ALLOWANCE FOR CREDIT LOSSES - S

ALLOWANCE FOR CREDIT LOSSES - Schedule of Activity for Allowance for Credit Losses (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 13,828
Credit loss expense (recovery)	1,782
Write-off / adjustments	(4,109)
Balance at end of period	$ 11,501

ALLOWANCE FOR CREDIT LOSSES - A

ALLOWANCE FOR CREDIT LOSSES - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2023	Jun. 30, 2023
Receivables [Abstract]
Unbilled receivables	$ 63.9	$ 66.5
Allowance for credit loss, contract assets	$ 0.2	$ 0.3

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Cost	$ 1,045,715	$ 1,023,450
Accumulated Depreciation	(684,103)	(666,546)
Net	361,612	356,904
Computer hardware
Property, Plant and Equipment [Line Items]
Cost	398,358	386,400
Accumulated Depreciation	(260,277)	(254,131)
Net	138,081	132,269
Computer software
Property, Plant and Equipment [Line Items]
Cost	188,038	178,899
Accumulated Depreciation	(142,234)	(135,123)
Net	45,804	43,776
Capitalized software development costs
Property, Plant and Equipment [Line Items]
Cost	224,334	216,762
Accumulated Depreciation	(129,896)	(122,730)
Net	94,438	94,032
Leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	118,370	123,607
Accumulated Depreciation	(92,065)	(94,721)
Net	26,305	28,886
Land and buildings
Property, Plant and Equipment [Line Items]
Cost	61,877	62,041
Accumulated Depreciation	(18,403)	(18,020)
Net	43,474	44,021
Furniture, equipment and other
Property, Plant and Equipment [Line Items]
Cost	54,738	55,741
Accumulated Depreciation	(41,228)	(41,821)
Net	$ 13,510	$ 13,920

LEASES - Additional Information

LEASES - Additional Information (Details) $ in Millions	Sep. 30, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Sublease income to be received remainder of fiscal year	$ 9.4
Sublease income to be received thereafter	$ 34
Land
Lessee, Lease, Description [Line Items]
Operating leases, term of contract (in years)	49 years
Operating leases, term of extension option (in years)	49 years
Minimum
Lessee, Lease, Description [Line Items]
Operating leases, term of contract (in years)	1 year
Operating leases, term of extension option (in years)	3 years
Minimum | Equipment
Lessee, Lease, Description [Line Items]
Useful life (in years)	4 years
Maximum
Lessee, Lease, Description [Line Items]
Operating leases, term of contract (in years)	10 years
Operating leases, term of extension option (in years)	5 years
Maximum | Equipment
Lessee, Lease, Description [Line Items]
Useful life (in years)	5 years

LEASES - Condensed Consolidated

LEASES - Condensed Consolidated Balance Sheets Information Related to Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Operating Leases
Operating lease right of use assets	$ 266,053	$ 285,723
Operating lease liabilities (current)	90,418	91,425
Operating lease liabilities (noncurrent)	252,629	271,579
Total operating lease liabilities	343,047	363,004
Finance Leases
Finance lease receivables (current)	5,492	6,362
Finance lease receivables (noncurrent)	4,443	5,515
Total finance lease receivables	9,935	11,877
Finance lease liabilities (current)	4,992	5,281
Finance lease liabilities (noncurrent)	4,437	5,500
Total finance lease liabilities	$ 9,429	$ 10,781

LEASES - Weighted Average Remai

LEASES - Weighted Average Remaining Lease Term (Details)	Sep. 30, 2023	Jun. 30, 2023
Weighted-average remaining lease term
Operating leases	5 years 5 months 26 days	5 years 7 months 13 days
Finance leases	2 years 2 months 19 days	2 years 4 months 24 days
Weighted-average discount rate
Operating leases	4.70%	4.66%
Finance leases	5.58%	5.60%

LEASES - Lease Costs and Other

LEASES - Lease Costs and Other Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating lease cost	$ 23,740	$ 14,311
Short-term lease cost	1,155	387
Variable lease cost	1,135	579
Sublease income	(3,338)	(2,912)
Total lease cost	$ 22,692	$ 12,365

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases	$ 27,699	$ 17,740
Finance leases	1,486	0
Right of use assets obtained in exchange for new lease liabilities:
Operating leases	$ 7,045	$ 22,467

LEASES - Maturity of Lease Liab

LEASES - Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Operating Leases
2024 (nine months ended)	$ 79,726
2025	84,518
2026	62,278
2027	50,684
2028	39,505
Thereafter	70,926
Total lease payments	387,637
Less: Imputed interest	(44,590)
Total	343,047	$ 363,004
Finance Leases
2024 (nine months ended)	4,232
2025	3,363
2026	1,937
2027	459
2028	0
Thereafter	0
Total lease payments	9,991
Less: Imputed interest	(562)
Total	$ 9,429	$ 10,781

GOODWILL (Details)

GOODWILL (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 8,662,603
Other acquisition	1,250
Impact of foreign exchange rate changes	(11,199)
Ending balance	8,618,765
Micro Focus
Goodwill [Roll Forward]
Acquisition of Micro Focus	$ (33,889)

ACQUIRED INTANGIBLE ASSETS - Ca

ACQUIRED INTANGIBLE ASSETS - Calculation of Acquired Intangibles by Asset Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Finite-Lived Intangible Assets, Net [Abstract]
Cost	$ 5,509,346	$ 5,506,512
Accumulated Amortization	(1,621,129)	(1,425,633)
Total	3,888,217	4,080,879
Technology assets
Finite-Lived Intangible Assets, Net [Abstract]
Cost	1,815,285	1,815,260
Accumulated Amortization	(461,716)	(385,868)
Total	$ 1,353,569	1,429,392
Weighted-average amortization period for acquired intangible assets (in years)	6 years
Customer assets
Finite-Lived Intangible Assets, Net [Abstract]
Cost	$ 3,694,061	3,691,252
Accumulated Amortization	(1,159,413)	(1,039,765)
Total	$ 2,534,648	$ 2,651,487
Weighted-average amortization period for acquired intangible assets (in years)	8 years

ACQUIRED INTANGIBLE ASSETS - _2

ACQUIRED INTANGIBLE ASSETS - Calculation of Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2024 (nine months ended)	$ 557,173
2025	643,188
2026	599,851
2027	529,474
2028	505,749
2029 and Thereafter	1,052,782
Total	$ 3,888,217	$ 4,080,879

PREPAID EXPENSES AND OTHER AS_3

PREPAID EXPENSES AND OTHER ASSETS - Schedule of Components of Prepaid Expenses and Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Prepaid expenses and other current assets:
Deposits and restricted cash	$ 4,400	$ 2,621
Capitalized costs to obtain a contract	36,020	39,685
Short-term prepaid expenses and other current assets	158,566	175,879
Derivative asset	931	3,547
Total	199,917	221,732
Other assets:
Deposits and restricted cash	18,364	20,418
Capitalized costs to obtain a contract	62,209	57,522
Investments	137,229	147,974
Available-for-sale financial assets	39,048	39,858
Long-term prepaid expenses and other long-term assets	72,122	76,546
Total	$ 328,972	$ 342,318

PREPAID EXPENSES AND OTHER AS_4

PREPAID EXPENSES AND OTHER ASSETS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Schedule of Equity Method Investments [Line Items]
OpenText share in net income of equity investees	$ (9,696)	$ (6,534)
Limited Partner Investments | Minimum
Schedule of Equity Method Investments [Line Items]
Ownership by noncontrolling owners (as a percent)	4%
Limited Partner Investments | Maximum
Schedule of Equity Method Investments [Line Items]
Ownership by noncontrolling owners (as a percent)	20%

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES - Schedule of Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable—trade	$ 138,460	$ 162,720
Accrued salaries, incentives and commissions	252,975	333,543
Accrued liabilities	222,748	239,817
Accrued sales and other tax liabilities	14,194	25,439
Derivative liability	127,152	161,191
Accrued interest on long-term debt	52,766	37,563
Amounts payable in respect of restructuring and other special charges	21,818	30,073
Asset retirement obligations	5,929	5,915
Total	$ 836,042	$ 996,261

ACCOUNTS PAYABLE AND ACCRUED _4

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES - Schedule of Long-Term Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Amounts payable in respect of restructuring and other special charges	$ 8,534	$ 8,875
Other accrued liabilities	16,829	17,749
Asset retirement obligations	23,970	25,337
Total	$ 49,333	$ 51,961

ACCOUNTS PAYABLE AND ACCRUED _5

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2023	Jun. 30, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Present value of asset retirement obligation	$ 29.9	$ 31.3
Undiscounted value of asset retirement obligation	$ 33.5	$ 35

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Jan. 31, 2023
Debt Instrument [Line Items]
Total principal payments due	$ 8,903,113	$ 9,089,575
Unamortized debt discount and issuance costs	(202,694)	(206,629)
Total amount outstanding	8,700,419	8,882,946
Less:
Current portion of long-term debt	145,850	320,850
Non-current portion of long-term debt	8,554,569	8,562,096
Revolving Credit Facility
Less:
Current portion of long-term debt	100,000	275,000
Term Loan B
Less:
Current portion of long-term debt	10,000	10,000
Acquisition Term Loan
Less:
Current portion of long-term debt	35,850	35,850
Senior Notes | Senior Notes 2031
Debt Instrument [Line Items]
Total principal payments due	650,000	650,000
Senior Notes | Senior Notes 2030
Debt Instrument [Line Items]
Total principal payments due	900,000	900,000
Senior Notes | Senior Notes 2029
Debt Instrument [Line Items]
Total principal payments due	850,000	850,000
Senior Notes | Senior Notes 2028
Debt Instrument [Line Items]
Total principal payments due	900,000	900,000
Senior Notes | Senior Secured Notes 2027
Debt Instrument [Line Items]
Total principal payments due	1,000,000	1,000,000
Senior Notes | Acquisition Term Loan
Less:
Debt issuance costs	1,600
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Total principal payments due	100,000	275,000	$ 450,000
Line of Credit | Term Loan B | Secured Debt
Debt Instrument [Line Items]
Total principal payments due	945,000	947,500
Line of Credit | Acquisition Term Loan | Secured Debt
Debt Instrument [Line Items]
Total principal payments due	$ 3,558,113	$ 3,567,075

LONG-TERM DEBT - Senior Unsecur

LONG-TERM DEBT - Senior Unsecured Fixed Rate Notes (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 01, 2022	Nov. 24, 2021	Feb. 18, 2020
Debt Instrument [Line Items]
Amortization of debt discount and issuance costs	$ 5,496,000	$ 1,480,000
Senior Notes | Senior Notes 2031
Debt Instrument [Line Items]
Debt instrument face amount				$ 650,000,000
Debt instrument interest rate (as a percent)				4.125%
Interest expense	6,700,000	6,700,000
Senior Notes | Senior Notes 2030
Debt Instrument [Line Items]
Debt instrument face amount					$ 900,000,000
Debt instrument interest rate (as a percent)					4.125%
Interest expense	9,300,000	9,300,000
Senior Notes | Senior Notes 2029
Debt Instrument [Line Items]
Debt instrument face amount				$ 850,000,000
Debt instrument interest rate (as a percent)				3.875%
Interest expense	8,200,000	8,200,000
Senior Notes | Senior Notes 2028
Debt Instrument [Line Items]
Debt instrument face amount					$ 900,000,000
Debt instrument interest rate (as a percent)					3.875%
Interest expense	$ 8,700,000	8,700,000
Senior Notes | Senior Secured Notes 2027
Debt Instrument [Line Items]
Debt instrument face amount			$ 1,000,000,000
Debt instrument interest rate (as a percent)			6.90%
Effective interest rate (as a percent)	7.39%
Interest expense	$ 17,300,000	$ 0
Amortization of debt discount and issuance costs	$ 600,000

LONG-TERM DEBT - Additional Inf

LONG-TERM DEBT - Additional Information (Details)

3 Months Ended

Oct. 20, 2023 USD ($)

Oct. 10, 2023 USD ($)

Aug. 14, 2023

Aug. 25, 2022 USD ($)

Oct. 31, 2019 USD ($)

May 30, 2018 USD ($)

Sep. 30, 2023 USD ($)

Dec. 31, 2022 USD ($)

Sep. 30, 2022 USD ($)

Oct. 31, 2023 USD ($)

Jun. 30, 2023 USD ($)

Jan. 31, 2023 USD ($)

Dec. 01, 2022 USD ($)

Oct. 30, 2019 USD ($)

Jan. 16, 2014 USD ($)

Debt Instrument [Line Items]

Amortization of debt discount and issuance costs

$ 5,496,000

$ 1,480,000

Total principal payments due

$ 8,903,113,000

$ 9,089,575,000

Gain (loss) on debt extinguishment

$ (8,200,000)

Revolving Credit Facility | Line of Credit

Debt Instrument [Line Items]

Effective interest rate (as a percent)

7.18%

Interest expense

$ 2,000,000

0

Credit agreement, maximum capacity

$ 750,000,000

$ 450,000,000

Total principal payments due

$ 100,000,000

275,000,000

$ 450,000,000

Revolving Credit Facility | Line of Credit | Subsequent event

Debt Instrument [Line Items]

Repayment of line of credit

$ 100,000,000

Total principal payments due

$ 0

Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Revolving Credit Facility | Line of Credit | Minimum

Debt Instrument [Line Items]

Interest addition to floating rate (as a percent)

1.25%

Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Revolving Credit Facility | Line of Credit | Maximum

Debt Instrument [Line Items]

Interest addition to floating rate (as a percent)

1.75%

Term Loan B

Debt Instrument [Line Items]

Debt instrument face amount

$ 1,000,000,000

$ 800,000,000

Proceeds from issuance of debt

$ 1,000,000,000

Debt term (in years)

7 years

Term loan quarterly repayment as percentage of principal (as a percent)

0.25%

Effective interest rate (as a percent)

7.48%

Amortization of debt discount and issuance costs

$ 400,000

Leverage ratio, compliance maximum

4

Leverage ratio

3.64

Interest expense

$ 17,200,000

9,700,000

Debt instrument interest rate (as a percent)

7.18%

Term Loan B | Secured Debt | Line of Credit

Debt Instrument [Line Items]

Total principal payments due

$ 945,000,000

947,500,000

Term Loan B | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Interest addition to floating rate (as a percent)

1.75%

Acquisition Term Loan

Debt Instrument [Line Items]

Amortization of debt discount and issuance costs

3,300,000

Interest expense

77,200,000

Acquisition Term Loan | Revolving Credit Facility | Line of Credit

Debt Instrument [Line Items]

Interest expense

$ 77,200,000

0

Acquisition Term Loan | Secured Debt | Line of Credit

Debt Instrument [Line Items]

Debt instrument face amount

$ 3,585,000,000

Debt term (in years)

7 years

Term loan quarterly repayment as percentage of principal (as a percent)

0.25%

Effective interest rate (as a percent)

9.27%

Leverage ratio, compliance maximum

2.75

Credit agreement, maximum capacity

$ 250,000,000

Total principal payments due

$ 3,558,113,000

$ 3,567,075,000

Original issuance discount percentage

3%

Reduction of applicable interest rate margin

0.75%

Debt instrument interest rate (as a percent)

8.18%

Acquisition Term Loan | Secured Debt | Line of Credit | Subsequent event

Debt Instrument [Line Items]

Repayment of line of credit

$ 75,000,000

Total principal payments due

$ 3,500,000,000

Acquisition Term Loan | Secured Debt | Line of Credit | Minimum

Debt Instrument [Line Items]

Debt instrument face amount

$ 2,585,000,000

Acquisition Term Loan | Secured Debt | Line of Credit | Maximum

Debt Instrument [Line Items]

Leverage ratio

4.50

Acquisition Term Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Secured Debt | Line of Credit

Debt Instrument [Line Items]

Debt instrument interest rate (as a percent)

2.75%

Bridge Loan | Secured Debt | Line of Credit

Debt Instrument [Line Items]

Interest expense

$ 0

$ 0

Credit agreement, maximum capacity

$ 2,000,000,000

Total principal payments due

$ 0

PENSION PLANS AND OTHER POST-_2

PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS - Additional Information (Details)	Sep. 30, 2023 plan
Retirement Benefits [Abstract]
Number of pension and postretirement plans (in plans)	52
Geographic concentration percentage of pension obligations	63%

PENSION PLANS AND OTHER POST-_3

PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS - Components of Net Pension Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Net pension expense	$ 3,171	$ 1,387
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	2,725	1,059
Interest cost	3,089	970
Expected return of plan assets	(2,808)	(403)
Amortization of actuarial (gains) losses	165	63
Net pension expense	$ 3,171	$ 1,689

SHARE CAPITAL, OPTION PLANS A_3

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Nov. 04, 2021	Sep. 30, 2023	Sep. 30, 2022
Cash Dividends
Dividends declared per common share (in dollars per share)		$ 0.25	$ 0.24299
Payments of dividends		$ 66,965	$ 64,698
Share Capital
Preference shares issued (in shares)		0
Treasury Stock
Purchase of treasury stock (in shares)		1,400,000	0
Purchase of treasury stock		$ 53,085	$ 0
Issuance of treasury stock (in shares)		183,313	120,406
Stock Repurchase Plan
Stock repurchased and retired (in shares)		0	0
Performance options granted (in shares)		840,610
Stock Options (issued under Stock Option Plans)
Stock Repurchase Plan
Common shares available for issuance (in shares)		5,331,793
Performance Stock Units
Stock Repurchase Plan
Performance options granted (in shares)		0	1,000,000
Fiscal 2022 Repurchase Plan
Stock Repurchase Plan
Stock repurchase plan, authorized amount	$ 350,000
Renewed Repurchase Plan
Stock Repurchase Plan
Stock repurchase plan, period in force	12 months

SHARE CAPITAL, OPTION PLANS A_4

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS - Schedule of Share-Based Payments (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 37,095	$ 23,208
Stock Options (issued under Stock Option Plans)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	4,544	3,585
Performance Share Units (issued under LTIP) | Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	5,889	4,235
Restricted Share Units | Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	2,881	2,175
Restricted Share Units | Other plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	21,372	10,637
Deferred Share Units (directors)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	914	961
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 1,495	$ 1,615

SHARE CAPITAL, OPTION PLANS A_5

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS - Unrecognized Compensation Cost (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 216,170
Other plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Recognition Period (years)	1 year 3 months 18 days
Stock Options (issued under Stock Option Plans)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 48,754
Weighted Average Recognition Period (years)	2 years 7 months 6 days
Performance Share Units (issued under LTIP) | Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 56,484
Weighted Average Recognition Period (years)	2 years 6 months
Restricted Share Units | Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 27,139
Weighted Average Recognition Period (years)	2 years 4 months 24 days
Restricted Share Units | Other plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 83,793

SHARE CAPITAL, OPTION PLANS A_6

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS - Schedule of Outstanding Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Options
Outstanding at beginning of period (in shares)	12,219,439
Granted (in shares)	840,610
Exercised (in shares)	(84,885)
Forfeited or expired (in shares)	(221,571)
Outstanding at end of period (in shares)	12,753,593	12,219,439
Exercisable ending balance (in shares)	4,940,080
Weighted- Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 38.44
Granted (in dollars per share)	36.79
Exercised (in dollars per share)	34.08
Forfeited or expired (in dollars per share)	42.39
Outstanding at end of period (in dollars per share)	38.29	$ 38.44
Exercisable at end of period (in dollars per share)	$ 40.16
Weighted- Average Remaining Contractual Term (years)
Outstanding (in years)	4 years 7 months 6 days	4 years 8 months 4 days
Exercisable (in years)	3 years 1 month 6 days
Aggregate Intrinsic Value ($’000's)
Outstanding	$ 23,473	$ 62,473
Exercisable	$ 2,691

SHARE CAPITAL, OPTION PLANS A_7

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS - Schedule of Weighted-Average Fair Value Of Options And Weighted-Average Assumptions Used (Details) - $ / shares	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value of options granted (in dollars per share)	$ 9.16	$ 8.16
Weighted-average assumptions used:
Expected volatility	30.93%	27.46%
Risk–free interest rate	4.44%	2.86%
Expected dividend yield	2.66%	2.32%
Expected life (in years)	4 years 2 months 26 days	4 years 2 months 4 days
Forfeiture rate (based on historical rates)	7%	7%
Average exercised share price (in dollars per share)	$ 36.79	$ 39.09
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value of options granted (in dollars per share)		$ 8.09
Derived service period (in years)		1 year 8 months 12 days
Weighted-average assumptions used:
Expected volatility	26%
Risk–free interest rate		3.21%
Expected dividend yield		2%
Average exercised share price (in dollars per share)		$ 31.89
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value of options granted (in dollars per share)	$ 59.48	$ 55.06
Weighted-average assumptions used:
Expected volatility	28.05%	29%
Risk–free interest rate	4.38%	3.13%
Expected dividend yield	0%	0%
Expected life (in years)	3 years 1 month 9 days	3 years 1 month 9 days
PSUs | Minimum
Weighted-average assumptions used:
Performance target (as a percent)	0%
PSUs | Maximum
Weighted-average assumptions used:
Performance target (as a percent)	200%

SHARE CAPITAL, OPTION PLANS A_8

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS - Long-Term Incentive Plans (Details)	3 Months Ended
	Sep. 30, 2023
Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of plan (in years)	3 years

SHARE CAPITAL, OPTION PLANS A_9

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS - Non Option Unit Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
PSUs
Units
Beginning balance (in shares)	1,013,385
Granted (in shares)	612,432
Vested (in shares)	0
Forfeited or expired (in shares)	(24,049)
Ending balance (in shares)	1,601,768	1,013,385
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 61.64
Granted (in dollars per share)	59.22
Vested (in dollars per share)	0
Forfeited or expired (in dollars per share)	61.69
Ending balance (in dollars per share)	$ 60.76	$ 61.64
Weighted- Average Remaining Contractual Term (years)	2 years 1 month 28 days	1 year 9 months
Aggregate Intrinsic Value ($’000's)	$ 56,222	$ 42,106
Restricted Share Units
Units
Beginning balance (in shares)	5,310,595
Granted (in shares)	10,192
Vested (in shares)	(183,094)
Forfeited or expired (in shares)	(106,055)
Ending balance (in shares)	5,031,638	5,310,595
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 36.43
Granted (in dollars per share)	37.51
Vested (in dollars per share)	39.83
Forfeited or expired (in dollars per share)	36.87
Ending balance (in dollars per share)	$ 36.12	$ 36.43
Weighted- Average Remaining Contractual Term (years)	1 year 9 months	1 year 11 months 19 days
Aggregate Intrinsic Value ($’000's)	$ 176,610	$ 220,655
Restricted Share Units | Long Term Incentive Plan
Units
Beginning balance (in shares)	774,360
Granted (in shares)	466,454
Vested (in shares)	0
Forfeited or expired (in shares)	(24,049)
Ending balance (in shares)	1,216,765	774,360
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 42.83
Granted (in dollars per share)	36.80
Vested (in dollars per share)	0
Forfeited or expired (in dollars per share)	41.83
Ending balance (in dollars per share)	$ 40.55	$ 42.83
Weighted- Average Remaining Contractual Term (years)	2 years 1 month 9 days	1 year 8 months 4 days
Aggregate Intrinsic Value ($’000's)	$ 42,708	$ 32,175
Deferred Share Units (DSUs)
Units
Beginning balance (in shares)	994,568
Granted (in shares)	7,050
Ending balance (in shares)	1,001,618	994,568
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 29.98
Granted (in dollars per share)	37.70
Ending balance (in dollars per share)	$ 30.04	$ 29.98
Weighted- Average Remaining Contractual Term (years)	1 month 6 days	4 months 9 days
Aggregate Intrinsic Value ($’000's)	$ 35,157	$ 41,324
Deferred Share Units (DSUs) | Long Term Incentive Plan
Units
Beginning balance (in shares)	90,906
Ending balance (in shares)	90,906	90,906

SHARE CAPITAL, OPTION PLANS _10

SHARE CAPITAL, OPTION PLANS AND SHARE-BASED PAYMENTS - RSUs, DSUs and ESPP (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Employee Share Purchase Plan (ESPP)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards purchase price discount (as a percent)	15%
Common shares eligible for issuance (in shares)	286,772	354,465
Cash received from employee stock purchase plan	$ 8.6	$ 8
Minimum | Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	2 years
Maximum | Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years

GUARANTEES AND CONTINGENCIES -

GUARANTEES AND CONTINGENCIES - Schedule of Contractual Obligations with Minimum Payments (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Long term debt obligations
Total	$ 11,967,329
October 1, 2023 - June 30, 2024	478,079
July 1, 2024 - June 30, 2026	2,155,858
July 1, 2026 - June 30, 2028	2,908,194
July 1, 2028 and beyond	6,425,198
Purchase obligations for contracts not accounted for as lease obligations
Total	400,328
October 1, 2023 - June 30, 2024	118,628
July 1, 2024 - June 30, 2026	270,777
July 1, 2026 - June 30, 2028	10,923
July 1, 2028 and beyond	0
Total payments due
Total	12,367,657
October 1, 2023 - June 30, 2024	596,707
July 1, 2024 - June 30, 2026	2,426,635
July 1, 2026 - June 30, 2028	2,919,117
July 1, 2028 and beyond	$ 6,425,198

GUARANTEES AND CONTINGENCIES _2

GUARANTEES AND CONTINGENCIES - Additional Information (Details) - Canada Revenue Agency (CRA) $ in Millions	3 Months Ended
	Sep. 30, 2023 USD ($)
Loss Contingencies [Line Items]
Estimated amount of loss resulting from an adverse tax position	$ 76
Income taxes paid	$ 33
Tax Year 2012
Loss Contingencies [Line Items]
Additional tax expense, (as a percent)	10%
Tax Year 2013
Loss Contingencies [Line Items]
Additional tax expense, (as a percent)	10%
Tax Year 2014
Loss Contingencies [Line Items]
Additional tax expense, (as a percent)	10%
Tax Year 2015
Loss Contingencies [Line Items]
Additional tax expense, (as a percent)	10%
Tax Year 2016
Loss Contingencies [Line Items]
Additional tax expense, (as a percent)	10%
Tax Year 2017
Loss Contingencies [Line Items]
Estimated amount of loss resulting from an adverse tax position	$ 470
Minimum | Tax Year 2012
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	90
Minimum | Tax Year 2013
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	90
Minimum | Tax Year 2014
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	90
Minimum | Tax Year 2015
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	90
Minimum | Tax Year 2016
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	90
Maximum | Tax Year 2012
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	100
Maximum | Tax Year 2013
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	100
Maximum | Tax Year 2014
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	100
Maximum | Tax Year 2015
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	100
Maximum | Tax Year 2016
Loss Contingencies [Line Items]
Income tax examination, estimate of increase to taxable income	$ 100

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 28, 2021	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023
Income Tax Contingency [Line Items]
Effective income tax rate (as a percent)		11.30%	(40.40%)
Effective canadian statutory income tax rate (as a percent)		26.50%
Unrecognized tax benefits		$ 183.1		$ 178.7
Interest and penalties accrued		17.6		13.5
Possible decrease in tax expense in next 12 months		14.5
Provision for deferred income tax liabilities		$ 29.2		$ 28.3
Micro Focus
Income Tax Contingency [Line Items]
Tax settlement resulting in long-term income tax receivable	$ 42.9

FAIR VALUE MEASUREMENT - Financ

FAIR VALUE MEASUREMENT - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Fair Value
Asset	$ 931	$ 3,547
Liability	$ (127,152)	$ (161,191)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Non-current portion of long-term debt	Non-current portion of long-term debt
Level 2 | Recurring
Fair Value
Asset	$ 14,958	$ 15,231
Liability	(127,152)	(161,191)
Level 2 | Recurring | Senior Notes
Fair Value
Liability	(3,763,513)	(3,827,888)
Level 2 | Recurring | Derivative
Fair Value
Asset	931	3,547
Level 3 | Recurring
Fair Value
Asset	$ 24,090	$ 24,627

FAIR VALUE MEASUREMENT - Reconc

FAIR VALUE MEASUREMENT - Reconciliation of Changes in Fair Value of Level 3 Investments (Details) - Available-for-sale financial assets - Derivatives not designated as hedges - Level 3 - Recurring $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 24,627
Gain (loss) recognized in income	(537)
Ending balance	$ 24,090

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Details) € in Millions, £ in Millions, $ in Millions	1 Months Ended	3 Months Ended
	Aug. 31, 2022 GBP (£) derivative	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Aug. 31, 2022 EUR (€) derivative
Minimum
Derivative [Line Items]
Contract maturity (in months)		1 month
Maximum
Derivative [Line Items]
Contract maturity (in months)		12 months
Currency Swap
Derivative [Line Items]
Number of foreign currency swaps (in derivatives) | derivative	3			3
Deal-contingent forward contracts | Micro Focus | Derivatives not designated as hedges
Derivative [Line Items]
Notional amount of forward contracts held to sell U.S. dollars in exchange for Canadian dollars | £	£ 1,475
Non-contingent forward contract
Derivative [Line Items]
Notional amount of forward contracts held to sell U.S. dollars in exchange for Canadian dollars | $		$ 96.5	$ 96.3
Non-contingent forward contract | Micro Focus | Derivatives not designated as hedges
Derivative [Line Items]
Notional amount of forward contracts held to sell U.S. dollars in exchange for Canadian dollars | £	£ 350
5 Year EUR to USD Market Hedge | Micro Focus | Derivatives not designated as hedges
Derivative [Line Items]
Notional amount of forward contracts held to sell U.S. dollars in exchange for Canadian dollars | €				€ 690
Contract maturity (in months)	5 years
7 Year EUR to USD Market Hedge | Micro Focus | Derivatives not designated as hedges
Derivative [Line Items]
Notional amount of forward contracts held to sell U.S. dollars in exchange for Canadian dollars | €				€ 690
Contract maturity (in months)	7 years

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Value in the Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Derivatives, Fair Value [Line Items]
Asset	$ 931	$ 3,547
Liability	$ (127,152)	$ (161,191)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets (Note 9)	Prepaid expenses and other current assets (Note 9)
Derivatives designated as hedges:
Derivatives, Fair Value [Line Items]
Asset	$ 304	$ 2,126
Liability	(71,711)	(87,855)
Derivatives not designated as hedges:
Derivatives, Fair Value [Line Items]
Asset	627	1,421
Liability	(55,441)	(73,336)
Derivatives not designated as hedges: | Currency Swap
Derivatives, Fair Value [Line Items]
Asset	627	1,421
Liability	(55,441)	(73,336)
Cash flow hedge | Derivatives designated as hedges:
Derivatives, Fair Value [Line Items]
Asset	0	1,530
Liability	(963)	0
Net investment hedge | Derivatives designated as hedges:
Derivatives, Fair Value [Line Items]
Asset	304	596
Liability	$ (70,748)	$ (87,855)

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Value in the Condensed Consolidated Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Derivatives, Fair Value [Line Items]
Total	$ 19,661	$ (182,261)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and other related expense, net	Interest and other related expense, net
Deal-contingent forward contracts | Other income (expense), net
Derivatives, Fair Value [Line Items]
Gain (loss) or derivatives not designated as hedging instruments, net	$ 0	$ (125,331)
Non-contingent forward contract | Other income (expense), net
Derivatives, Fair Value [Line Items]
Gain (loss) or derivatives not designated as hedging instruments, net	0	(26,203)
Currency Swap | Operating expenses
Derivatives, Fair Value [Line Items]
Gain (loss) or derivatives not designated as hedging instruments, net	856	0
Currency Swap | Other income (expense), net
Derivatives, Fair Value [Line Items]
Gain (loss) or derivatives not designated as hedging instruments, net	17,895	(29,927)
Cash flow hedge | Derivatives designated as hedges: | Operating expenses
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from AOCI into income (effective portion) - cash flow hedge	(12)	(800)
Net investment hedge | Derivatives designated as hedges: | Operating expenses
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from AOCI into income (effective portion) - cash flow hedge	$ 922	$ 0

DERIVATIVE INSTRUMENTS AND HE_6

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effects on Income and Other Comprehensive Income (OCI) (Details) - Cash flow hedge - Derivatives designated as hedges: - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating expenses
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from AOCI into income (effective portion) - cash flow hedge	$ (12)	$ (800)
Interest and other related expense, net
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from AOCI into income (effective portion) - cash flow hedge	561	0
Unrealized gain (loss) on cash flow hedge
Derivatives, Fair Value [Line Items]
Gain (loss) recognized in OCI (loss) on cash flow hedge (effective portion)	(2,505)	(4,546)
Net foreign currency translation adjustment
Derivatives, Fair Value [Line Items]
Gain (loss) recognized in OCI (loss) on cash flow hedge (effective portion)	$ 17,107	$ 0

SPECIAL CHARGES (RECOVERIES) -

SPECIAL CHARGES (RECOVERIES) - Schedule of Special Charges Related to Restructuring Plan (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Acquisition-related costs	$ 1,070	$ 4,585
Other charges (recoveries)	5,977	4,054
Total	13,794	14,281
Micro Focus Acquisition Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Special charges (recoveries)	6,864	0
Fiscal 2022 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Special charges (recoveries)	173	6,110
Other historical restructuring plans
Restructuring Cost and Reserve [Line Items]
Special charges (recoveries)	$ (290)	$ (468)

SPECIAL CHARGES (RECOVERIES) _2

SPECIAL CHARGES (RECOVERIES) - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Acquisition-related costs	$ 1,070	$ 4,585
Other charges (recoveries)	5,977	4,054
Reversal of Lease Liabilities
Restructuring Cost and Reserve [Line Items]
Special charges (recoveries)	4,100
Miscellaneous Professional Advisory Charges
Restructuring Cost and Reserve [Line Items]
Other charges (recoveries)	1,600
Miscellaneous Other Charges
Restructuring Cost and Reserve [Line Items]
Other charges (recoveries)	1,100	500
Pre-Acquisition Equity Incentives | Zix Corporation
Restructuring Cost and Reserve [Line Items]
Other charges (recoveries)	400	3,600
Micro Focus Acquisition Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Special charges (recoveries)	6,864	0
Special charges recorded to date	79,100
Micro Focus Acquisition Restructuring Plan | Micro Focus
Restructuring Cost and Reserve [Line Items]
Other charges (recoveries)	2,900
Micro Focus Acquisition Restructuring Plan | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost	135,000
Micro Focus Acquisition Restructuring Plan | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost	150,000
Micro Focus Acquisition Restructuring Plan | Abandoned Facilities
Restructuring Cost and Reserve [Line Items]
Special charges (recoveries)	5,500
Micro Focus Acquisition Restructuring Plan | Reversal of Lease Liabilities
Restructuring Cost and Reserve [Line Items]
Special charges (recoveries)	400
Fiscal 2022 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Special charges (recoveries)	173	$ 6,110
Special charges recorded to date	32,700
Fiscal 2022 Restructuring Plan | Abandoned Facilities
Restructuring Cost and Reserve [Line Items]
Special charges (recoveries)	$ 200

SPECIAL CHARGES (RECOVERIES) _3

SPECIAL CHARGES (RECOVERIES) - Schedule of Restructuring Reserve (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($)
Micro Focus Acquisition Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance, beginning	$ 33,092
Accruals and adjustments	2,774
Cash payments	(10,464)
Foreign exchange and other non-cash adjustments	(365)
Balance, end	25,037
Micro Focus Acquisition Restructuring Plan | Workforce reduction
Restructuring Reserve [Roll Forward]
Balance, beginning	25,816
Accruals and adjustments	1,407
Cash payments	(9,414)
Foreign exchange and other non-cash adjustments	(334)
Balance, end	17,475
Micro Focus Acquisition Restructuring Plan | Facility charges
Restructuring Reserve [Roll Forward]
Balance, beginning	7,276
Accruals and adjustments	1,367
Cash payments	(1,050)
Foreign exchange and other non-cash adjustments	(31)
Balance, end	7,562
Fiscal 2022 Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance, beginning	3,805
Accruals and adjustments	127
Cash payments	(392)
Foreign exchange and other non-cash adjustments	(96)
Balance, end	3,444
Fiscal 2022 Restructuring Plan | Workforce reduction
Restructuring Reserve [Roll Forward]
Balance, beginning	497
Accruals and adjustments	0
Cash payments	(118)
Foreign exchange and other non-cash adjustments	(8)
Balance, end	371
Fiscal 2022 Restructuring Plan | Facility charges
Restructuring Reserve [Roll Forward]
Balance, beginning	3,308
Accruals and adjustments	127
Cash payments	(274)
Foreign exchange and other non-cash adjustments	(88)
Balance, end	$ 3,073

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) - USD ($)		3 Months Ended
	Jan. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 01, 2022
Business Acquisition [Line Items]
Total principal payments due		$ 8,903,113,000	$ 9,089,575,000
Goodwill		8,618,765,000	8,662,603,000
Line of Credit | Revolving Credit Facility
Business Acquisition [Line Items]
Total principal payments due	$ 450,000,000	100,000,000	275,000,000
Senior Secured Notes 2027 | Senior Notes
Business Acquisition [Line Items]
Debt instrument face amount				$ 1,000,000,000
Debt instrument interest rate (as a percent)				6.90%
Total principal payments due		$ 1,000,000,000	1,000,000,000
Acquisition Term Loan | Line of Credit | Secured Debt
Business Acquisition [Line Items]
Debt instrument face amount				$ 3,585,000,000
Debt instrument interest rate (as a percent)		8.18%
Total principal payments due		$ 3,558,113,000	$ 3,567,075,000
Micro Focus
Business Acquisition [Line Items]
Purchase consideration	6,200,000,000
Acquired receivables, gross contractual amount	418,200,000
Acquired receivables, estimated uncollectible	9,300,000
Goodwill	3,383,746,000
Goodwill expected to be tax deductible	$ 67,300,000
Purchase price allocation adjustments, pre-acquisition short term and deferred tax liabilities		$ 33,900,000

ACQUISITIONS - Acquisition of M

ACQUISITIONS - Acquisition of Micro Focus And Zix, Preliminary Purchase Price Allocation (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Jan. 31, 2023
Business Acquisition [Line Items]
Goodwill	$ 8,618,765	$ 8,662,603
Micro Focus
Business Acquisition [Line Items]
Cash and cash equivalents			$ 541,584
Accounts receivable, net of allowances for credit losses			408,921
Other current assets			291,221
Non-current tangible assets			447,764
Goodwill			3,383,746
Accounts payable and accrued liabilities			(504,587)
Deferred revenues			(1,107,627)
Other liabilities			(769,285)
Net assets acquired			6,246,437
Micro Focus | Customer assets
Business Acquisition [Line Items]
Intangible assets			2,162,400
Micro Focus | Technology assets
Business Acquisition [Line Items]
Intangible assets			$ 1,392,300

ACQUISITIONS - Schedule of Unau

ACQUISITIONS - Schedule of Unaudited Pro Forma Information (Details) - Micro Focus $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($)
Business Combination, Separately Recognized Transactions [Line Items]
Revenues	$ 1,462,612
Net income (loss)	(78,804)
Net income (loss) attributable to Open Text	$ (78,848)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 4,022,104	$ 4,032,260
Other comprehensive income (loss) before reclassifications, net of tax	(16,664)	(35,542)
Amounts reclassified into net income, net of tax	198	625
Total other comprehensive loss net, for the period	(16,466)	(34,917)
Ending balance	4,014,258	3,850,141
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(53,559)	(7,659)
Ending balance	(70,025)	(42,576)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(44,114)	(3,316)
Other comprehensive income (loss) before reclassifications, net of tax	(14,583)	(36,366)
Amounts reclassified into net income, net of tax	0	0
Total other comprehensive loss net, for the period	(14,583)	(36,366)
Ending balance	(58,697)	(39,682)
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	1,124	(656)
Other comprehensive income (loss) before reclassifications, net of tax	(1,841)	(3,340)
Amounts reclassified into net income, net of tax	9	588
Total other comprehensive loss net, for the period	(1,832)	(2,752)
Ending balance	(708)	(3,408)
Available-for-Sale Financial Assets
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(602)	0
Other comprehensive income (loss) before reclassifications, net of tax	(221)	0
Amounts reclassified into net income, net of tax	0	0
Total other comprehensive loss net, for the period	(221)	0
Ending balance	(823)	0
Defined Benefit Pension Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(9,967)	(3,687)
Other comprehensive income (loss) before reclassifications, net of tax	(19)	4,164
Amounts reclassified into net income, net of tax	189	37
Total other comprehensive loss net, for the period	170	4,201
Ending balance	$ (9,797)	$ 514

SUPPLEMENTAL CASH FLOW DISCLO_3

SUPPLEMENTAL CASH FLOW DISCLOSURES (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Supplemental Cash Flow Information [Abstract]
Cash paid during the period for interest	$ 131,867	$ 46,423
Cash received during the period for interest	11,453	5,431
Cash paid during the period for income taxes	$ 79,237	$ 38,459

OTHER INCOME (EXPENSE), NET - S

OTHER INCOME (EXPENSE), NET - Schedule of Other Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Other Income and Expenses [Abstract]
Foreign exchange gains (losses)	$ 11,434	$ (1,361)
Unrealized gains (losses) on derivatives not designated as hedges	17,895	(181,461)
OpenText share in net income (loss) of equity investees	(9,696)	(6,534)
Other miscellaneous income (expense)	537	125
Total other income (expense), net	$ 20,170	$ (189,231)

OTHER INCOME (EXPENSE), NET - A

OTHER INCOME (EXPENSE), NET - Additional Information (Details) - Limited Partner Investments	Sep. 30, 2023
Minimum
Debt Instrument [Line Items]
Ownership by noncontrolling owners (as a percent)	4%
Maximum
Debt Instrument [Line Items]
Ownership by noncontrolling owners (as a percent)	20%

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Basic earnings (loss) per share
Net income (loss) attributable to OpenText	$ 80,901	$ (116,929)
Basic earnings (loss) per share attributable to OpenText (in dollars per share)	$ 0.30	$ (0.43)
Diluted earnings (loss) per share
Net income (loss) attributable to OpenText	$ 80,901	$ (116,929)
Diluted earnings (loss) per share attributable to OpenText (in dollars per share)	$ 0.30	$ (0.43)
Weighted-average number of shares outstanding (in ‘000’s)
Basic (in shares)	271,178	269,804
Effect of dilutive securities (in shares)	724	0
Diluted (in shares)	271,902	269,804
Excluded as anti-dilutive (in shares)	7,304	9,452

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Director, Stephen Sadler
Related Party Transaction [Line Items]
Consultancy fees for business acquisition-related activities	$ 3	$ 7

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended
	Nov. 01, 2023	Oct. 20, 2023	Oct. 10, 2023	Sep. 30, 2023	Sep. 30, 2022	Oct. 31, 2023	Jun. 30, 2023	Jan. 31, 2023
Subsequent Event [Line Items]
Dividends declared per common share (in dollars per share)				$ 0.25	$ 0.24299
Outstanding balance				$ 8,903,113			$ 9,089,575
Revolving Credit Facility | Line of Credit
Subsequent Event [Line Items]
Outstanding balance				100,000			275,000	$ 450,000
Secured Debt | Line of Credit | Acquisition Term Loan
Subsequent Event [Line Items]
Outstanding balance				$ 3,558,113			$ 3,567,075
Subsequent event
Subsequent Event [Line Items]
Dividends declared per common share (in dollars per share)	$ 0.25
Subsequent event | Revolving Credit Facility | Line of Credit
Subsequent Event [Line Items]
Repayment of line of credit			$ 100,000
Outstanding balance						$ 0
Subsequent event | Secured Debt | Line of Credit | Acquisition Term Loan
Subsequent Event [Line Items]
Repayment of line of credit		$ 75,000
Outstanding balance						$ 3,500,000