04:34 PM EST, 11/05/2025 (MT Newswires) -- Open Text ( OTEX ) after trade Wednesday said its fiscal first-quarter profit and revenue rose year-over-year.

The cloud-computing and AI company earned US$266.3 million, or US$1.05 per share, in the quarter ended Sept. 30, up from US$248.8 million, or US$0.93 per share, a year ago. FactSet expected US$0.99 per share.

Revenue rose to US$1.29 billion from US$1.27 billion a year prior. FactSet projected revenue of US$1.27 billion.

"The strength of the OpenText operating model continues to drive the business towards meeting our margin targets for fiscal 2026," said Interim chief executive James McGourlay.

OpenText's board declared a quarterly cash dividend of $0.275 per common share, the same as the previous quarter. The dividend will be paid on Dec. 19 to shareholders of record as of Dec. 5.

The company's shares closed up$1.19 to $53.63 on the Toronto Stock Exchange.