OPEN TEXT CORP (OTEX): restructuring charge — OpenText Reports Q3 FY2025 Revenue Down 13.3% Y/Y, Cloud Up 1.8%, Expands Restructuring with 2,000 Job Cuts

OPEN TEXT CORP

2025-Q3 EPS reported $1.53 revenue$3,857,868,000

Total revenues $1.254B, down 13.3% Y/Y; annual recurring revenues $1.030B, down 10.1% Y/Y.
Cloud revenues $463M, up 1.8% Y/Y; enterprise cloud bookings $151M, down 8.4% Y/Y.
Board approved expansion of Business Optimization Plan with up to $200M additional costs, total plan $260M.
Workforce reduction of about 2,000 positions (increase of 1,600 from prior plan); expected annualized savings $490M-$550M.
Declared dividend of $0.2625 per share payable June 20, 2025; returned $183M to shareholders via dividends and buybacks.

item 2.02 item 2.05 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

OPEN TEXT CORP announced a restructuring with charges of up to approximately $200 million affecting globally (approximately 2,000 positions).

Type: restructuring
Charge: up to approximately $200 million
Affected area: globally
Headcount: approximately 2,000 positions

Exact text from the filing

On April 29, 2025, the Board of Directors of the Company approved an expansion of its previously announced Business Optimization Plan to complete strategic initiatives, integration and simplification following the Micro Focus acquisition, AMC divestiture and other growth and innovation plans including the deployment of AI and automation. The Company expects up to approximately $200 million of additional costs to be incurred to complete this final phase of the Business Optimization Plan, bringing the combined plan up to approximately $260 million. This expansion includes costs associated with workforce reduction due to automation, centralization and simplification, and corresponding facility costs related to a reduction of the Company’s real estate footprint globally. On an overall basis, the expansion is expected to result in a total net reduction of approximately 2,000 positions, an increase of approximately 1,600 positions from the previously announced plan.

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

OPEN TEXT CORP filing history →

Source: SEC EDGAR

accession 0001002638-25-000039

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