OpenText Reports Record Profits, Boosts Dividend and Buybacks Amid Soft Core Revenue
OpenText’s GAAP net income surged to $156 million in the fourth quarter as diluted EPS rose to $0.64, and full-year net income climbed to $643 million. Cloud revenue increased to $503 million with a 22nd straight quarter of organic growth, while core customer support revenue declined. The company returned $677 million to shareholders, raised its dividend, renewed buybacks, sold Vertica for $150 million, and plans a €105 million Cork and Galway expansion tied to agentic AI and sovereign cloud.