Open Text Expects to Meet or Exceed Earnings Guidance for the March 2002 Quarter

Expects adjusted earnings to be in the range of $0.26 to $0.28 per share

Waterloo, ON - 2002-04-08 - Open Text Corporation (Nasdaq: OTEX, TSE:OTC), a worldwide leader in delivering collaboration and knowledge management software, today announced that it expects to meet or exceed earnings guidance provided by the Company as well as the consensus earnings estimate of analysts polled by First Call.

Open Text expects to achieve $0.26 to $0.28 fully diluted earnings per share (adjusted)(1) and $0.18 to $0.20 fully diluted earnings per share(2) on revenues of $36 to $37 million for its third quarter ended March 31, 2002. Management had previously provided guidance that it expected that the Company would generate fully diluted adjusted earnings per share of $0.26 in the third quarter. Fully diluted earnings per share (adjusted)(1) was $0.24 and fully diluted earnings per share was $0.162 in the December 2001 quarter. Open Text's third quarter results do not include any gains from its investment in Accelio Corporation, which are expected to be realized in the fourth quarter.

This information is provided in the interest of full disclosure as management will be presenting at the Royal Bank Financial Group Technology Conference in Whistler, British Columbia that starts tomorrow, April 9, 2002. Materials from the Company's presentation are available on the Company Web site in the investor relations section. The Company will be announcing its complete results for its third quarter ended March 31, 2002 after markets close on April 24, 2002.

"Although revenues remain under pressure as major corporations continue to postpone large projects, Open Text has delivered on its commitment of stable earnings growth and has continued to achieve strong profitability and cash flow throughout the past year," said Tom Jenkins, Chief Executive Officer of Open Text. "We expect to continue our forecasted earnings performance for the remainder of FY02 and achieve approximately $1.00 earnings per share on an adjusted, fully diluted basis(1) for the year ending June 30, 2002."

The investor Web site for Open Text may be found at: www.opentext.com/investor.

(1) Adjusted net income: net income excluding amortization of acquired intangible assets, and other income (expense).

(2) Reported under U.S. Generally Accepted Accounting Principles (GAAP).

All amounts are in US Dollars.

About Open Text

Since 1991, Open Text Corporation has delivered innovative software that brings people together to share knowledge, achieve excellence, deliver innovation, and enhance processes. Its legacy of innovation began with the successful deployment of the world's first search engine technology for the Internet. Today, as the leading global supplier of collaboration and knowledge management software for the enterprise, Open Text supports five million users across 4,500 corporations in 31 countries and 12 languages throughout the world. As a publicly traded Company, Open Text manages and maximizes its resources and relationships to ensure the success of great minds working together. For more information, visit www.opentext.com.

Trademark

Copyright © 2002 by Open Text Corporation. Livelink and Open Text are trademarks or registered trademarks of Open Text Corporation. This list is not exhaustive. Other product and company names herein may be trademarks of their respective owners.

Release Disclaimer

This news release may contain forward-looking statements relating to the deployment of Livelink by customers, and future performance of Open Text Corporation. Forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the final prospectus for the Company's initial public offering of common stock in January 1996, Form 10-K for the years ended June 30, 1997, June 30, 1998, June 30, 1999, June 30, 2000, and June 30, 2001, and Form 10-Q for the quarters ended September 30, 2001 and December 31, 2001. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made, and there should be no expectation that these forward-looking statements will be updated or supplemented as a result of changing circumstances or otherwise, and Open Text Corporation disavows and disclaims any obligation to do so.

For more information, please contact

Alan Hoverd
Chief Financial Officer
Open Text Corporation
+1-519-888-7111
ahoverd@opentext.com

Greg Secord
Open Text Corporation
+1-519-888-7111 ext.2408
gsecord@opentext.com