The company, which keeps its books in U.S. dollars, said the profit amounted to 33 cents per diluted share, down from $35 million or 60 cents per diluted share a year ago.
Revenue totalled $326.2 million, up from $288 million.
Open Text said license revenue was $55.7 million, down 14 per cent from a year ago, however the company added $44.9 million in cloud services revenue that it did not have last year.
"We executed well in our cloud, customer and professional services businesses, despite the impact of a challenging macro environment on license revenues," Open Text chief executive Mark Barrenechea said in a statement.
Open Text sells software used by companies to manage their electronic documents and has approximately 115 employees in Ottawa.
The company also recently acquired several companies involved in e-learning.
Barrenechea officially became the company's president and chief executive in January when John Shackleton retired as an executive and director of the company.
Barrenechea has held senior positions at several major tech companies, including president and CEO of Silicon Graphics Inc. from May 2009 until December 2011, when his appointment as Shackleton's successor was announced.
Shares in Open Text, which reported its results after the close of markets, were up 38 cents at $53.68 on the Toronto Stock Exchange on Wednesday.