(Updates with stock price movement in the headline and first paragraph)
Open Text (OTEX) shares were down over 10% in recent Thursday trading after the company reported a year-over-year drop in fiscal Q1 earnings and revenue.
The company reported fiscal Q1 adjusted earnings of $0.93 per diluted share, down from $1.01 a year earlier.
Analysts polled by Capital IQ expected $0.80.
Revenue for the quarter ended Sept. 30 was $1.27 billion, compared with $1.43 billion a year earlier.
Analysts surveyed by Capital IQ expected $1.28 billion.
Additionally, the company said it has retained its quarterly dividend at $0.2625 per share, payable Dec. 20 to shareholders of record as of Nov. 29.
Price: 30.28, Change: -3.51, Percent Change: -10.38
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