EARNINGS (LOSS) PER SHARE

6 Months Ended

Dec. 31, 2023

Basic earnings per share is computed by dividing net income attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to OpenText, by the shares used in the calculation of basic earnings 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 per share if their effect is anti-dilutive.


	Three Months Ended December 31,				Six Months Ended December 31,
	2023		2022		2023		2022
Basic earnings per share
Net income attributable to OpenText	$	37,675	$	258,486	$	118,576	$	141,557
Basic earnings per share attributable to OpenText	$	0.14	$	0.96	$	0.44	$	0.52
Diluted earnings per share
Net income attributable to OpenText	$	37,675	$	258,486	$	118,576	$	141,557
Diluted earnings per share attributable to OpenText	$	0.14	$	0.96	$	0.44	$	0.52
Weighted-average number of shares outstanding (in ‘000’s)
Basic	271,568		270,189		271,373		269,997
Effect of dilutive securities	573		—		646		12
Diluted	272,141		270,189		272,019		270,009
Excluded as anti-dilutive (1)	8,353		11,462		8,151		10,331

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(1)Represents options to purchase Common Shares excluded from the calculation of diluted earnings per share because the exercise price of the stock options was greater than or equal to the average price of the Common Shares during the period.