WATERLOO – OpenText Corp. says net income was US$168 million during its second quarter, down 27 per cent from the same period a year earlier, when it brought in US$230 million.
The Waterloo, Ont.-based tech company says it earned 66 cents US per diluted share during the quarter, down from 87 cents US during the prior-year quarter.
The company, which keeps its books in U.S. dollars, says its total revenues for the quarter dipped slightly to just under $1.33 billion.
OpenText interim CEO James McGourlay says in a news release that the company saw an 18 per cent year-over-year revenue increase in its content management cloud business, coming in at US$295 million.
Earlier this month, OpenText announced it is selling its analytics database Vertica to Rocket Software Inc. for US$150 million.
The company also announced in January that Ayman Antoun will take over as CEO in April.
This report by The Canadian Press was first published Feb. 5, 2026.
Companies in this story: (TSX:OTEX)
