04:35 PM EDT, 08/07/2025 (MT Newswires) -- Open Text ( OTEX ) shares were last seen up 5.5% in after-hours Nasdaq trading as the company after-trade Thursday said its fiscal fourth-quarter profit and revenue fell slightly year-over-year.
The company earned US$409.9 million, or US$0.97 per share, in the quarter ended June 30, down from US$413.5 million, or US$0.98, a year ago. FactSet expected US$0.83 per share.
Revenue fell to US$1.31 billion from US$1.36 billion in the year-ago quarter. FactSet projected revenue of US$1.28 billion.
"Cloud bookings growth surged to 32%, driven by demand for our new AI-driven Titanium X platform. For the full Fiscal 2025, we delivered 13% total cloud remaining performance obligations (RPO) growth, 2% cloud revenue growth, an overall adjusted EBITDA margin of 34.5% and a record capital return of $683 million to our shareholders," Chief Executive Mark Barrenechea said.
He added the company also completed a major divestiture during the year, and excluding that, total revenue declined by 3%. Looking ahead to fiscal 2026, Open Text ( OTEX ) expects 3% to 4% growth in cloud revenue and 1% to 2% growth in total revenue.
The company also renewed its share repurchase plan, allowing for the buyback of up to US$300 million worth of its common shares over the next 12 months.
OpenText announced a 5% increase to its quarterly dividend, with the next payment of US$0.275 per share scheduled for Sept. 19, to shareholders of record as of Sept. 5.
The company's shares were last seen up US$1.56 to US$29.70 after hours. They closed down $1.13 to $38.65 on the Toronto Stock Exchange.