Open Text Corp SEC Filings

OpenText Corporation reported steady revenue but lower profit for the quarter ended December 31, 2025. Revenue was $1,326,736 thousand, slightly below the prior year, as customer support and professional services declined while cloud services and subscriptions grew.

Gross profit increased modestly to $982,200 thousand$291,755 thousand. Net income attributable to OpenText fell to $168,091 thousand, with diluted earnings per share of $0.66, down from $0.87 a year earlier, partly reflecting lower other income and significant interest expense.

For the first six months, revenue was $2,614,871 thousand and net income attributable to OpenText was $314,707 thousand, essentially unchanged from the prior year, with diluted EPS of $1.24. Operating cash flow strengthened to $466,422 thousand, boosting cash and cash equivalents to $1,271,374 thousand. Long-term debt remained high at $6,335,758 thousand, but the company continued returning capital through $136,767 thousand of dividends and $152,219 thousand of share repurchases in the first half. Remaining performance obligations totaled $4.5 billion, with 60% expected to be recognized as revenue over the next 12 months, providing visibility into future recurring revenue.

Open Text Corporation has filed a current report highlighting its latest quarterly results announcement and a new cash dividend. The company issued a press release with financial results for the quarter ended December 31, 2025, which is attached as an exhibit.

The Board of Directors declared a cash dividend of $0.275 per common share, payable on March 20, 2026 to shareholders of record on March 6, 2026. The company reiterates its commitment to returning value through its dividend program, while emphasizing that future dividends will be determined each quarter at the Board’s discretion based on financial condition, cash needs and contractual limits under its credit agreements.

Open Text Corporation has signed a definitive agreement to sell Vertica, a part of its non-core Analytics portfolio, to Rocket Software Inc. for US$150 million in cash, before taxes, fees and other adjustments. The transaction reflects Open Text’s move to divest non-core assets and focus its portfolio. The agreement details were first shared through a company press release that is included with this filing as an exhibit.

OpenText Corporation has appointed Ayman Antoun as Chief Executive Officer and a member of its Board of Directors, effective April 20, 2026. He will succeed James McGourlay, who has been serving as Interim CEO after a search process.

After the transition, Mr. McGourlay will move into another role on OpenText’s Executive Leadership Team, while P. Thomas Jenkins will shift from Executive Chair and Chief Strategy Officer back to Chair of the Board. Mr. Antoun brings over 35 years of executive experience, including roles as President of Americas at a major technology company, President of Canada and General Manager of Global Technology Services, and leadership positions at Bell Canada.

OpenText and Mr. Antoun have entered into an employment agreement effective April 20, 2026, detailed in Exhibit 10.1. He will not receive additional compensation for serving on the Board and will not join any Board committees. The company also issued a press release about his appointment, filed as Exhibit 99.1.

BlackRock, Inc. filed an amended Schedule 13G showing it beneficially owns 18,146,281 shares of Open Text Corporation common stock, representing 7.2% of the class as of 12/31/2025. BlackRock reports sole voting power over 17,297,417 shares and sole dispositive power over 18,146,281 shares, with no shared voting or dispositive power.

The filing aggregates holdings of certain BlackRock business units and notes that various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of Open Text’s outstanding common shares. BlackRock certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Open Text.

Open Text Corporation reported that it has completed the divestiture of its on-premise eDOCS solution, part of its Analytics portfolio, to NetDocuments Software, Inc. for US$163 million in cash before taxes, fees and other adjustments. This transaction moves eDOCS out of OpenText’s product suite and brings in cash proceeds from the sale. The company also attached the related press release as an exhibit, providing additional detail on the divestiture.

OpenText (OTEX) reported Q1 FY2026 results for the three months ended September 30, 2025. Revenue was $1,288,135, up slightly from $1,269,005 a year ago, as growth in cloud services and subscriptions ($484,509) offset softer customer support ($586,845) and professional services ($82,233). License revenue rose to $134,548. Gross profit reached $937,516 and income from operations improved to $269,949.

Profitability strengthened: net income was $146,660 versus $84,422 last year, with diluted EPS of $0.58 versus $0.32. Operating cash flow was $147,763, compared to a use of cash of $(77,806) last year. The company paid dividends of $0.275 per share ($68.2 million) and repurchased and cancelled 3,156,323 shares for $102.0 million.

Balance sheet and backlog: cash and cash equivalents were $1,087,083. Total debt outstanding was $6,374,719, and the disclosed consolidated net leverage ratio was 3.35:1.00 as of September 30, 2025. Deferred revenues totaled $1,562,009 (short- and long‑term). Remaining performance obligations were $4.2 billion, with 59% expected to be recognized over the next 12 months. Assets held for sale of $104,023 and related liabilities of $14,111 reflect the proposed divestiture of the eDOCS business.

OpenText Corporation announced quarterly results for the period ended September 30, 2025 and declared a cash dividend of $0.2750 per common share, payable on December 19, 2025 to shareholders of record on December 5, 2025. The results were furnished via a press release included as Exhibit 99.1.

The company reaffirmed its intent to maintain its dividend program, while noting that future dividends are at the Board’s discretion and subject to factors such as financial position, available cash, alternative uses of cash, and contractual limitations under existing credit agreements.

Form 144 notice shows a proposed sale by an insider of 100,009 common shares, with an aggregate market value of $3,868,308.12, planned for 10/10/2025 on NASDAQ. The shares were recorded as acquired on 10/10/2025 through an exercise of options under a registered plan with payment in cash. The filing lists the broker as Morgan Stanley Smith Barney LLC.

The issuer has 254,316,690 shares outstanding, and the filer disclosed two recent sales within the prior three months: 108,320 shares sold on 10/07/2025 for $4,108,306.80 and 217,957 shares sold on 09/05/2025 for $7,232,772.28. The signer affirms no undisclosed material adverse information.