Open Text

Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.

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This strategic partnership aims to streamline compliance with Germany's evolving e-invoicing mandates through OpenText's advanced cloud solutions WATERLOO, ON , Sept. 5, 2024 /PRNewswire/ -- Nippon Gases Deutschland, the German business unit of Nippon Sanso Holdings Corporation (NSHD) an industrial and medical gases company, is partnering with OpenText™ (NASDAQ: OTEX), (TSX: OTEX), to expedite the implementation of mandatory B2B e-invoicing in Germany, ahead of the January 1, 2025 deadline.

Nippon Gases Deutschland Aligns with OpenText to Accelerate E-Invoicing Compliance Ahead of German Mandates

OpenText's (OTEX) Content Cloud and Extended ECM for Engineering solutions are set to optimize processes of Serica Energy.

OpenText (OTEX) to Secure Serica Energy's Operations in UK

Upstream oil and gas company uses OpenText to streamline engineering information and accelerate time to completion while reducing risk WATERLOO, Ontario , Aug. 19, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that Serica Energy, an independent British upstream oil and gas company with operations centered on the UK North Sea, has selected OpenText Content Cloud™ and OpenText Extended ECM for Engineering™ as strategic solutions to efficiently control engineering information, work processes, and risk across the lifecycle of projects and operations, while accelerating operational efficiencies. Serica Energy is one of the top ten oil and gas producing companies in the UK, making a vital contribution to the country's security of energy supply.

Serica Energy Partners with OpenText to Fuel Operational Excellence

Open Text Corporation (OTEX) Oppenheimer's 27th Annual Technology, Internet & Communications Conference (Transcript)

OpenText™ DevOps Aviator reduces manual testing time, boosts coverage, and accelerates development cycles, enhancing Pick n Pay's digital services WATERLOO, Ontario , Aug. 12, 2024 /PRNewswire/ -- Pick n Pay Group, a leading retailer with over 1,650 stores across seven African countries, has partnered with OpenText™ (NASDAQ: OTEX), (TSX: OTEX) to supercharge its software testing processes. By leveraging generative-AI and private large language models (LLM), Pick n Pay has automated 95% of its software testing, cutting testing times by up to three days and significantly improving its digital services for ecommerce customers.

Pick n Pay Achieves 95% Automation in Software Testing with OpenText AI innovation

Advanced analytics, technology-assisted review, and generative AI empowers legal teams to be more proactive, productive, and powerful  WATERLOO, ON , Aug. 8, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) unveiled its OpenText Axcelerate with Aviator, a groundbreaking innovation to its eDiscovery platform, recently enhanced in the company's Cloud Editions 24.3 product release. Designed for legal professionals, Axcelerate with Aviator elevates legal professionals through the power of Large Language Models (LLMs) to drive data-driven insights, mitigate risks, and lower eDiscovery costs.

Legal Professionals Gain a Strategic Advantage with AI-Powered OpenText Axcelerate with Aviator

Open Text Corporation (NASDAQ:OTEX ) Q4 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Harry Blount - SVP, IR Mark Barrenechea - Chief Executive Officer, Chief Technology Officer and Vice Chair Madhu Ranganathan - President, CFO and Corporate Development Todd Cione - President and Worldwide Sales Paul Duggan - President and Chief Customer Officer Muhi Majzoub - Executive Vice President and Chief Product Officer Sandy Ono - Chief Marketing Officer Shannon Bell - CDO and CIO Conference Call Participants Raimo Lenschow - Barclays George Kurosawa - Citi Thanos Moschopoulos - BMO Capital Markets Samad Samana - Jefferies Paul Treiber - RBC Capital Markets Stephanie Price - CIBC Richard Tse - National Bank Financial Adhir Kadve - Eight Capital Operator Thank you for standing by. This is the conference operator.

Open Text Corporation (OTEX) Q4 2024 Earnings Call Transcript

Open Text (OTEX) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.91 per share a year ago.

Open Text (OTEX) Q4 Earnings and Revenues Miss Estimates

– Delivers Total Annual Revenues of $5.8 Billion with 29% Growth – – Announces New $300 Million Share Repurchase Program – – Increases Annualized Dividend By 5% – Fiscal 2024 Annual Highlights Y/Y Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $5,770 $5,729 $4,534 $4,506 $1,821 $1,816 +28.6 % +27.7 % +25.4 % +24.6 % +7.1 % +6.8 % Annual Recurring Revenues represent 79% of Total Revenues     "OpenText delivered solid Fiscal 2024 financial results with total revenues of $5.8 billion, representing a 29% year-over-year growth, we grew organically, and delivered $2 billion in Adjusted EBITDA Dollars, or 34%. Looking ahead into Fiscal 2025, we are focused on extending our Information Management competitive advantage, expanding margin, delivering a record year of capital return with our new $300 Million Share Repurchase program, and increasing our annualized dividend from $1 per share to $1.05 per share.

OpenText Reports Fourth Quarter and Fiscal Year 2024 Financial Results, Raises Fiscal 2025 Margin Targets

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OpenText's IT Operations Cloud solutions streamline bank's service management infrastructure to unlock efficiencies, innovate, and enhance the customer experience WATERLOO, ON , July 25, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced that Export Development Bank of Egypt (EBank Egypt) has significantly enhanced operational efficiencies and innovation by leveraging OpenText IT Operations Cloud solutions. By using OpenText, EBank accelerated its digital transformation, aligning IT infrastructure and business operations with its customer-centric service management strategy.

Export Development Bank of Egypt Transforms Traditional Banking with OpenText

Investors need to pay close attention to Open Text (OTEX) stock based on the movements in the options market lately.

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New cloud, security, AI – integrated product innovations let the machines do the work to elevate human potential WATERLOO, Ontario , July 16, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced its latest groundbreaking product innovations with Cloud Editions (CE) 24.3. This release represents a significant leap forward in integrating advanced information management capabilities, trusted cloud solutions, robust security measures, and cutting-edge artificial intelligence (AI) to optimize data performance for simpler, but superior, results.

OpenText Cloud Editions 24.3 Unlocks Innovation and Productivity for Developers and Knowledge Workers Through Trusted Data

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Hackathon to drive innovation and inspire developers to make a difference with their skills WATERLOO, ON , July 12, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that its 2024 Hackathon, Hacknosis: Sustainable MedTech, opens July 15, ending on August 15. The main objective of the virtual event is to develop a solution, using at least one OpenText API, that solves challenges in MedTech sustainability, social sustainable design and carbon accounting in technology.

Just What the Doctor Ordered: 2024 OpenText Hackathon to Focus on Sustainability in Healthcare

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WATERLOO, ON , July 10, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its fourth quarter fiscal year 2024 will be released on Thursday, August 1, 2024, at approximately 4:00 p.m. ET. OpenText to Host Conference Call Webcast Mark J.

OpenText to Report Fourth Quarter Fiscal Year 2024 Financial Results on Thursday, August 1, 2024

WATERLOO, ON, July 9, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced the appointment of Annette Rippert to its board of directors. Ms. Rippert is a seasoned executive having served in key senior leadership roles at Accenture, including most recently as its Group Chief Executive – Strategy & Consulting until her retirement from Accenture.

OpenText Appoints Annette Rippert to Board of Directors

Shares of Open Text Corp. OTEX rose 0.5% in premarket trading Wednesday, after the enterprise software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at saving about $200 million a year. The company said it expect to book $60 million in restructuring charges, which will by substantially recognized in the fiscal first quarter of 2025, which runs through Sept. 30. The company added that the optimization plan also included a reinvestment of $50 million a year for about 800 new positions in its sales, professional services and engineering segments. In total, the company expects...

Open Text to cut 1,200 jobs as part of cost-saving plan

New FedRAMP authorized solution enhances federal agencies' ability to deliver a seamless total citizen experience WATERLOO, ON , June 14, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company™, today announced it has achieved "fully authorized" status by the Federal Risk and Authorization Management Program (FedRAMP) for its Cloud for Government solution in the United States which now includes OpenText Extended ECM and OpenText AppWorks, two core products within the OpenText Content Cloud portfolio. The FedRAMP program promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security authorization for cloud service offerings.

OpenText Cloud for Government Solution Achieves FedRAMP Authorization

WATERLOO, ON , June 12, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced its position as a Leader in the IDC MarketScape: Worldwide Unified Endpoint Management (UEM) Software for Small and Medium-Sized Businesses (SMBs) 2024 Vendor Assessment (doc #US51779424, April 2024), and the IDC MarketScape: Worldwide Client Endpoint Management Software for Microsoft Windows Devices 2024 Vendor Assessment (doc #US51234324, April 2024).   According to the IDC MarketScape for UEM SMBs, "OpenText's UEM product, ZENworks, provides strong device and application management functionality across PC, mobile device, and IoT endpoint form factors, covering all major operating systems.

OpenText Named a Leader in Two IDC MarketScapes for UEM for SMBs and Client Endpoint Management for Microsoft Windows Devices

OpenText Cybersecurity 2024 Global Managed Security Survey reveals  enterprises and SMBs Need Holistic and Composable Security  WATERLOO, ON , June 10, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX, TSX: OTEX) today released the findings of its annual OpenText Cybersecurity Global Managed Security Survey. The 2024 survey of over 1,500 Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) found that the majority (92.5%) see increasing AI-led security and threat intelligence services as the major drivers of business growth over the next 12 months.

OpenText Cybersecurity MSP/MSSP Survey Finds Customers Seek AI-led Comprehensive Security Expertise for Threat Detection and Vulnerability Management

AI-powered solutions help enterprises add intelligence to information throughout their SAP business processes WATERLOO, ON , June 3, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today showcased a powerful suite of SAP custom solutions with generative AI to revolutionize information management within SAP processes. These new enhanced capabilities enable future knowledge workers using SAP to integrate, search, and apply archived information – while controlling long-term cloud costs, reducing risks, meeting industry-specific compliance rules, and improving worker efficiencies.

OpenText Elevates Knowledge Workers at SAP Sapphire 2024

WATERLOO, Ontario , May 31, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced that OpenText™ IDOL™ has been named a Leader in The Forrester Wave™: Document Mining and Analytics Platforms, Q2 2024. In their recently published vendor evaluation, Forrester analyzed 14 document mining and analytics providers, using a 25-criterion evaluation to score them.

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