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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OpenText (OTEX) acquires a managed detection and response platform from Novacoast as a threat-hunting tool for Managed Service Providers.

OpenText (OTEX) Acquires Pillr to Boost Cybersecurity Offerings

Pillr Provides a Managed Detection and Response (MDR) Platform for MSPs integrated with OpenText's Cybersecurity WATERLOO, ON , May 22, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has purchased Pillr, an MDR platform from Novacoast, Inc. Pillr technology is a cloud native, multi-tenant MDR platform for Managed Service Providers (MSPs) that includes Managed Detection and Response and powerful threat-hunting capabilities. This combination of Pillr technology and OpenText security expertise provides enhanced threat hunting, monitoring, and response for customers where skill gaps, skill shortages, and alert fatigue create a significant need today.

OpenText Buys Cybersecurity MDR Platform

WATERLOO, ON , May 8, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX) today announced that, as previously indicated, it completed its $2 billion debt reduction using the net proceeds from its AMC divestiture, which reflects $940 million paid to terminate the Company's Term Loan B due 2025 and $1.06 billion to reduce amounts outstanding under its Acquisition Term Loan due 2030. Please see investors.opentext.com for more information about the Company.

OpenText Completes $2 Billion Debt Reduction

Preemptive approach to cybersecurity showcased at RSAC USA North Hall 4235 WATERLOO, ON , May 6, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced new advancements to protect organizations against the ever-growing complexity of cyber threats. As the threat landscape continues to evolve, security teams face the challenge of securing every element of their IT environment.

OpenText Empowers Cyber Defenders with Innovations to Outmaneuver Sophisticated Threats

OpenText is a Canadian company that develops information management software for the enterprise market. Recent performance has been volatile, driven by recent selloffs after Q3 earnings call as Open Text projects lower revenue guidance in FY 2025 due to major divestiture. Nonetheless, Open Text's strong focus on reducing debt and increasing shareholder returns through buybacks and dividend increase could drive upside.

Open Text: Decent Cash-Generating Business With Temporary Headwinds

Open Text Corporation (NASDAQ:OTEX ) Q3 2024 Earnings Call Transcript May 2, 2024 5:00 PM ET Company Participants Harry Blount - SVP, IR Mark J. Barrenechea - CEO & CTO Madhu Ranganathan - President, CFO and Corporate Development Conference Call Participants Daniel Chan - TD Cowen Paul Treiber - RBC Capital Markets Billy Fitzsimmons - Jefferies Adhir Kadve - Eight Capital Thanos Moschopoulos - BMO capital markets Kevin Krishnaratne - Scotiabank Stephanie Price - CIBC Operator Thank you for standing by.

Open Text Corporation (OTEX) Q3 2024 Earnings Call Transcript

Open Text (OTEX) came out with quarterly earnings of $0.94 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.73 per share a year ago.

Open Text (OTEX) Q3 Earnings Meet Estimates

Record Q3 Total Revenues and Enterprise Cloud Bookings Announces $250 Million Share Repurchase Program Fiscal 2024 Third Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $1,447 $1,444 $1,146 $1,143 $455 $454 +16.3 % +16.0 % +13.3 % +13.1 % +4.4 % +4.4 % Annual Recurring Revenues represent 79% of Total Revenues Total revenues of $1.447 billion, up 16.3% Y/Y or up 16.0% in constant currency (CC) Annual Recurring Revenues (ARR) of $1.146 billion, up 13.3% Y/Y or up 13.1% in CC Cloud revenues of $455 million, up 4.4% Y/Y and up 4.4% in CC Quarterly enterprise cloud bookings(1) of $165 million, up 52.6% Y/Y Operating cash flows of $385 million, up 14.2% Y/Y Free cash flows(2) of $348 million, up 13.9% Y/Y GAAP-based net income of $98 million Adjusted EBITDA(2) of $464 million, up 27.0% Y/Y, margin of 32.0% GAAP-based diluted earnings per share (EPS) of $0.36, Non-GAAP diluted EPS(2) of $0.94 Completed previously announced sale of AMC business to Rocket Software for $2.275 billion in cash before taxes, fees and other adjustments WATERLOO, ON , May 2, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the third quarter ended March 31, 2024. "OpenText delivered strong financial performance in Q3 with revenues of $1.45 billion, or 16% year-over-year growth, reflecting customer demand for information management and new AI capabilities," said Mark J.

OpenText Reports Q3 F'24 Financial Results

OpenText to Reduce Debt by $2 Billion WATERLOO, ON , May 1, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has successfully completed the divestiture of its AMC/Mainframe business to Rocket Software, Inc., a Bain Capital portfolio company ("Rocket Software"), for $2.275 billion in cash before taxes, fees and other adjustments. "We are pleased to complete the divestiture of our AMC/Mainframe business to Rocket Software," said Mark J.

OpenText Completes Divestiture of Application Modernization and Connectivity (AMC) Business to Rocket Software for $2.275B

Solves open source intake challenges WATERLOO, ON , April 29, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced an innovative solution to long-standing open source intake challenges. Developers spend a significant amount of time searching for open source libraries that comply with their company intake policies.

OpenText Secures Open Source Supply Chain with Latest Innovation

Open Text (OTEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Open Text (OTEX) Reports Next Week: Wall Street Expects Earnings Growth

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Company unveils its latest information management solutions, powered by AI and designed to catalyze business transformation through reimagining the way work is approached WATERLOO, ON , April 15, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced Cloud Editions (CE) 24.2 at its OpenText World Europe conference April 15-18.  OpenText's innovations combine trusted information management solutions and data strategies with advanced artificial intelligence (AI) capabilities to make work smarter, safer, and simpler.

Customers Expand Their Horizons with OpenText Cloud Editions 24.2

OpenText brings together customers, partners and industry luminaries to explore the transformative power of AI as the force multiplier for human potential LONDON , April 15, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today began its OpenText World Europe event taking place in three locations, London, Munich and Paris, April 15 – 18. OpenText is excited to bring together customers, partners, and industry luminaries to explore the transformative power of information management and artificial intelligence (AI) to elevate human potential.

OpenText World Europe 2024 Takes Flight Debuting Latest AI Innovations to Elevate Human Potential

WATERLOO, ON , April 9, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its third quarter fiscal year 2024 will be released on Thursday, May 2, 2024, at approximately 4:00 p.m. ET. OpenText to Host Conference Call Webcast Mark J.

OpenText to Report Third Quarter Fiscal Year 2024 Financial Results on Thursday, May 2, 2024

WATERLOO, ON , April 8, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the strategic appointment of Todd Cione as President of OpenText Worldwide Sales, and announced the promotions of Paul Duggan as President and Chief Customer Officer, and Madhu Ranganathan as President, CFO & Corporate Development. Mr. Cione will lead a charter focused on spearheading the company's global go-to-market strategy and revenue growth, with OpenText's global sales and sales operations functions reporting directly to him.

OpenText Strengthens Leadership Team; Appoints Three Presidents, including Todd Cione as incoming President WW Sales

OpenText's Business Cloud and E-Invoicing Platform simplifies e-invoicing for global mid-sized business WATERLOO, ON , April 2, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced that it has been selected by Coroplast Group, a leading manufacturer in the fields of Technical Adhesive Tapes, Wires & Cables, and Wire Harnesses, as its e-invoicing provider for Poland. OpenText's e-invoicing solutions will empower the growing global company to confidently manage mandatory governmental requirements in Poland, partnering toward the goals of a seamless connection to the Polish KSeF-portal and compliance with the local mandate.

Coroplast Group Partners with OpenText to Meet Poland's E-Invoicing Mandates

WATERLOO, Ontario, March 27, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, and X12, the ANSI-accredited standards organization, today announced the renewal of their commercial use partner license agreement. This long-standing collaboration underscores OpenText's commitment to and support for X12 standards across its expansive supply chain network.

OpenText Strengthens X12 Collaboration to Accelerate the Future of Supply Chain B2B Data Exchange

WATERLOO, ON , March 18, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, is set to host OpenText World Europe 2024 April 15 – 18, 2024, with a series of in-person customer conferences taking place in London , Munich , and Paris . The event series will bring together industry leaders, innovators, and customers to discuss how technology can enable global organizations to build for growth, experience, and sustainability.

Information Management Experts Gather to Explore How AI Elevates Human Potential at OpenText World Europe 2024

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Open Text Corporation (NASDAQ:OTEX ) Morgan Stanley Technology, Media & Telecom Conference March 4, 2024 5:55 PM ET Company Participants Madhu Ranganathan - Executive VP & CFO Conference Call Participants Brett Klein - Morgan Stanley Brett Klein Thank you. Thanks, everyone, for joining us today.

Open Text Corporation (OTEX) Morgan Stanley Technology, Media & Telecom Conference (Transcript)

WATERLOO, ON , Feb. 27, 2024 /PRNewswire/ -- Today, OpenText™  (NASDAQ: OTEX), (TSX: OTEX), the information company, announced its participation at two leading information and technology industry events, Pink24 and the Healthcare Information Management System Society (HIMSS) conference, to highlight how OpenText Aviator is reshaping the future of AI in IT Service Management and healthcare technology. Pink24 IT Service Management Conference & Exhibition  WHAT: At Pink24, the global IT Service Management event, OpenText will showcase OpenText IT Operations Aviator, the private generative AI virtual agent for its IT Service Management platform.

Media Alert: OpenText Showcases Data-Driven Insights and AI-Powered Solutions for IT Service Management and Healthcare at Pink24 and HIMSS

OpenText reveals companies are embracing sustainability in IT, but are in the early stages WATERLOO, ON , Feb. 20, 2024 /PRNewswire/ -- A report commissioned by OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, released today finds that IT departments are playing a major role in achieving corporate sustainability objectives and cited the lack of innovative tools and expertise as primary challenges they face in meeting those goals. New IT Sustainability Report found 97% of companies have adopted or plan to adopt sustainability initiatives.

Global Report Finds IT at the Forefront of Sustainability Efforts, but Lacks Proper Tools and Expertise

OpenText's Innovative Approach to Threat Intelligence Empowers Cyber Defenders and Strengthens U.S. Government Cybersecurity Resilience WATERLOO, ON , Feb. 13, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), has been named a member of the U.S. Government public-private cybersecurity initiative, Joint Cyber Defense Collaborative (JCDC). This collaborative effort, established by the Cybersecurity and Infrastructure Security Agency (CISA), is dedicated to elevating the cybersecurity posture of the U.S. government and its strategic international partners.

OpenText Joins the Joint Cyber Defense Collaborative to Enhance U.S. Government Cybersecurity

Several achievements earned as a result of environmental, social, and governance commitments and progress WATERLOO, ON, Feb. 7, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced its receipt of several prestigious Environmental, Social, and Governance (ESG) recognitions and achievements, including qualifying as a constituent of the Dow Jones Sustainability North America Index (DJSI) for the second year in a row as well as receiving its second consecutive "AAA" rating from MSCI. Both achievements demonstrate the company's long-term commitment to sustainability.

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