Core Insights - OpenText Corporation reported its financial results for the third quarter of Fiscal 2025, highlighting a 1.8% year-over-year increase in cloud revenues to $463 million, marking 17 consecutive quarters of organic growth in this segment [6][5][17] - The company announced an expansion of its Business Optimization Plan, which is expected to incur additional costs of approximately $200 million, bringing the total plan costs to around $260 million, with an anticipated annualized savings of $490 million to $550 million [10][11] - OpenText declared a cash dividend of $0.2625 per common share, with a record date of June 6, 2025, and a payment date of June 20, 2025, reaffirming its commitment to returning value to shareholders [12] Financial Performance - Total revenues for Q3 FY'25 were $1.254 billion, a decrease of 13.3% year-over-year, or a decline of 4.5% when adjusted for the AMC divestiture [6][5] - Annual recurring revenues (ARR) fell to $1.030 billion, down 10.1% year-over-year, or a decrease of 2.8% when adjusted for the AMC divestiture [6][5] - Net income for the quarter was $93 million, a decline of 5.6% year-over-year, with diluted earnings per share (EPS) of $0.35 [6][5] Business Developments - The launch of the new Titanium X platform (CE 25.2) aims to enhance customer capabilities in SaaS and hybrid environments, integrating AI for smarter decision-making [6][17] - OpenText reported significant customer wins during the quarter, including contracts with ABN AMRO Bank and the United States Air Force, showcasing its expanding market presence [17] - The company has increased its share repurchase plan limit by $150 million to a total of $450 million, with $115 million of common shares repurchased in Q3 FY'25 [13]