• Open Text average ebit margin for 2023 was 12.04%, a 33.44% increase from 2022.
• Open Text average ebit margin for 2022 was 18.09%, a 13.61% decline from 2021.
• Open Text average ebit margin for 2021 was 20.94%, a 18.91% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues