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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WATERLOO, ON , Oct. 10, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its first quarter fiscal year 2024 will be released on Thursday, November 2, 2023, at approximately 4:00 p.m. ET. Teleconference Call Mark J.

OpenText to Report First Quarter Fiscal Year 2024 Financial Results on Thursday, November 2, 2023

New programs offer greater breadth of solutions, training and service availability  WATERLOO, ON , Oct. 10, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), the information company, today announced its new unified OpenText Partner Network. The OpenText Partner Network unifies OpenText's and recently acquired Micro Focus' partner ecosystems to offer cohesive support and greater opportunities to the entire network consisting of more than 30,000 partners.

OpenText Introduces New Unified Global Partner Network

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Open Text Corporation offers digital transformation software capabilities to organizations worldwide. The company's main offerings include information management, content cloud, business network cloud, security cloud, experience cloud, developer cloud, AI & analytics, and process automation. Open Text is aiming for 1-2% organic revenue growth in fiscal 2024 and has a focus on integrating its recent acquisition of Micro Focus.

Open Text Corporation's Big Challenge Is Organic Growth In Fiscal 2024

Company welcomes Google Cloud and Deloitte as Innovator-level sponsors WATERLOO, Ontario , Sept. 12, 2023 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced its full roster of interactive workshops and business solution focus areas at this year's highly anticipated leading information management conference, OpenText World 2023, taking place at the Venetian Resort in Las Vegas on October 11-12, 2023.

OpenText Set to Unlock the Power of AI at OpenText World 2023

WATERLOO, ON , Sept. 7, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced programming highlights for the leading information management conference, OpenText World 2023, in-person at the Venetian Hotel Resort, Las Vegas, from October 11-12.

OpenText World 2023 Las Vegas Gathers Industry Luminaries to Explore the Impacts of AI and Information Management

WATERLOO, ON , Sept. 5, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the strategic appointment of Shannon Bell as the Chief Digital Officer and new member of OpenText's Executive Leadership Team.

OpenText Hires Shannon Bell as EVP & Chief Digital Officer To Join the Executive Leadership Team

AI-led innovations create market changing technology for organizations of all sizes WATERLOO, ON , Aug. 24, 2023 /PRNewswire/ --  OpenText ™ (NASDAQ: OTEX), (TSX: OTEX), today announced an expansion of its partnership with Google Cloud to deliver AI-powered integrations that will help organizations unlock the power of their data on Google Cloud to their competitive advantage. The co-innovation of OpenText's information management solutions and Google Cloud's AI capabilities will accelerate how organizations of all sizes surface insights quickly, boost productivity and transform customer experiences.

OpenText Expands Partnership with Google Cloud to Deliver Next Generation Information Management

KineMatik provides automated Business Process and Project Management Solutions integrated with OpenText's Content Cloud business WATERLOO, ON , Aug. 23, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced the addition of automated Business Process and Project Management Solutions to the OpenText Content business through the acquisition of KineMatik.   Based in Cork, Ireland, KineMatik provides workflow automation, Document Change Control, Project Management and Electronic Lab Notebook (ELN) solutions built on OpenText's Content Server.

OpenText Buys KineMatik

WATERLOO, ON , Aug. 14, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX) (OpenText or the Company) today announced that it executed an amendment to its term loan facility due 2030 (the Term Loan). Under the amendment, the applicable interest rate margin on the Term Loan has been reduced 75 basis points and, as such, borrowings under the Term Loan currently bear a rate of interest equal to Term SOFR plus the SOFR adjustment and applicable margin of 2.75%.

OpenText Completes Repricing of Term Loan

Open Text Corporation (NASDAQ:OTEX ) Q4 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Harry Blount - Senior Vice President-Investor Relations Mark J. Barrenechea - Chief Executive Officer and Chief Technology Officer Madhu Ranganathan - Executive Vice President and Chief Financial Officer Conference Call Participants Richard Tse - National Bank Financial George Kurosawa - Citi Kevin Krishnaratne - Scotiabank Paul Treiber - RBC Capital Markets Stephanie Price - CIBC Thanos Moschopoulos - BMO Capital Markets Adhir Kadve – Eight Capital Steven Li - Raymond James Operator Thank you for standing by.

Open Text Corporation (OTEX) Q4 2023 Earnings Call Transcript

The Next Generation of Information Management Innovations WATERLOO, ON , Aug. 3, 2023 /PRNewswire/ -- Today, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), announces opentext.ai, the company's vision and direction for AI.  Opentext.ai is a new strategic approach to advance how customers can solve complex problems by applying Artificial Intelligence (AI) and Large Language Models (LLM) with their OpenText Information Management software.

Introducing opentext.ai and OpenText Aviator™

Reports Record Total Revenues of $4.5 Billion with 28% Growth Fiscal 2023 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 $4,485 $4,617 $3,615 $3,718 $1,700 $1,739 +28.4 % +32.2 % +26.2 % +29.7 % +10.8 % +13.3 % Annual Recurring Revenues represent 81% of Total Revenues   Total revenues of $4.5 billion up 28.4% Y/Y or up 32.2% Y/Y in constant currency (CC) Annual Recurring Revenues (ARR) of $3.6 billion, up 26.2% Y/Y or up 29.7% Y/Y in CC Cloud revenues of $1.7 billion up 10.8% Y/Y or up 13.3% Y/Y in CC FY'23 enterprise cloud bookings(1) of $528 million, up 9.5% Y/Y 10 consecutive quarters of cloud and ARR organic growth in constant currency Operating cash flows were $779 million and free cash flows(2) were $655 million GAAP-based net income of $150 million, down 62.1% Y/Y, margin of 3.4% Adjusted EBITDA(2) of $1.5 billion, margin of 32.8% while making key investments in cloud, AI and Security Record capital returns of $260 million via dividends GAAP-based diluted earnings per share (EPS) of $0.56, Non-GAAP diluted EPS(2) of $3.29 Increased annualized dividend to $1.00 per share, subject to quarterly Board approval. Declared quarterly dividend of $0.25 per share.

OpenText Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Open Text Corporation provides a wide range of information management software to organizations worldwide. Management says organic revenue growth is "1% to 2%" and that the company won't see major cost synergies from its Micro Focus acquisition until fiscal 2024. Although Open Text Corporation stock has rebounded in recent quarters, we really won't know how well the new combination is doing until 2024, so I remain Neutral [Hold].

Open Text Corporation Unlikely To See Cost Synergies Until Fiscal 2024

The latest innovations combine information and automation to enable customers to become more intelligent, connected and secure. WATERLOO, ON , July 25, 2023 /PRNewswire/ -- Today, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), announces the release of its latest OpenText Cloud Editions (CE) 23.3, harnessing advanced technologies and innovations that seamlessly integrate Artificial Intelligence (AI) and analytics capabilities across the portfolio.

OpenText powers organizations to achieve digital success in a multi-cloud world with Cloud Editions 23.3

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WATERLOO, ON , July 10, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its fourth quarter fiscal year 2023 will be released on Thursday, August 3, 2023, at approximately 4:00 p.m. ET. Teleconference Call Mark J.

OpenText to Report Fourth Quarter Fiscal Year 2023 Financial Results on Thursday, August 3, 2023

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Fortify, part of the OpenText Cybersecurity portfolio, empowers DevSecOp teams WATERLOO, ON , May 23, 2023 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX) announced today it has been recognized as a Leader in the 2023 Gartner Magic Quadrant review for Application Security Testing (AST) for the 10th consecutive year. With more than 20 years of innovation, Fortify has a long history in the commercial application security testing space and is well known for offering exceptional security and visibility.

OpenText Celebrates 10th Consecutive Year as a Leader in the Gartner® Magic Quadrant™ for Application Security Testing

Open Text reported its Q3 earnings which beat expectations. Company is benefiting from integrating its acquisition of Micro Focus, adding to digital analytics capabilities.

Open Text: A Sleeper AI Stock That's Undervalued Even At Its 52-Week High

Vertica by OpenText data analytics platform opens the door for AI and machine learning for use by the telecommunications company. COPENHAGEN, Denmark and WATERLOO, ON , May 17, 2023 /PRNewswire/ -- Today, Vertica by OpenText (NASDAQ: OTEX, TSX: OTEX) and Anritsu Service Assurance announced the extension of their long-running partnership providing a new generation of analytical database technologies to Anritsu's next-generation architecture, designed to meet the demands of 5G networks around the world.

Vertica by OpenText and Anritsu Sign New Deal for Next-Gen Architecture and 5G Network Capabilities

If you only read the first paragraph, you would assume it generated a significant profit increase in the third quarter.

Lower Earnings Aside, Open Text Remains One of Canada's Top Tech Stocks

OpenText Corporation (NASDAQ:OTEX ) Q3 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Harry Blount – Senior Vice President-Investor Relations Mark J. Barrenechea – Chief Executive Officer and Chief Technology Officer Madhu Ranganathan – Executive Vice President and Chief Financial Officer Conference Call Participants Raimo Lenschow – Barclays Daniel Chan – TD Cowen Thanos Moschopoulos – BMO Capital Markets Paul Treiber – RBC Capital Markets Stephanie Price – CIBC Adhir Kadve – Eight Capital Richard Tse – National Bank Financial Operator Thank you for standing by.

OpenText Corporation (OTEX) Q3 2023 Earnings Call Transcript

Record Revenues, Nine Consecutive Quarters of Cloud Organic Growth   Fiscal 2023 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 $1,245 $1,278 $1,011 $1,036 $435 $444 +41.1 % +44.9 % +37.7 % +41.1 % +8.3 % +10.4 % Annual Recurring Revenues represent 81% of Total Revenues   Total revenues of $1.24 billion, up 41.1% Y/Y or up 44.9% in constant currency Annual Recurring Revenues (ARR) of $1.01 billion, up 37.7% Y/Y or up 41.1% in constant currency Cloud revenues of $435 million, up 8.3% Y/Y or up 10.4% in constant currency Nine consecutive quarters of cloud organic and ARR organic growth in constant currency Quarterly enterprise cloud bookings(1) of $108 million, constant Y/Y Operating cash flows of $337 million and free cash flows(3) of $306 million TTM operating cash flows(2) of $916 million and TTM free cash flows(2)(3) of $778 million GAAP-based net income of $58 million, down 22.9% Y/Y, margin of 4.6%, down 390 basis points Y/Y Adjusted EBITDA(3) of $365 million, margin of 29.3% and TTM Adjusted EBITDA(2)(3) of $1.32 billion, margin of 34.0% GAAP-based diluted earnings per share (EPS) of $0.21, Non-GAAP diluted EPS(3) of $0.73 Includes Micro Focus results from February 1, 2023 to March 31, 2023 WATERLOO, ON , May 4, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the third quarter ended March 31, 2023. "The OpenText Total Growth Strategy and our expanded mission with the Micro Focus acquisition delivered a record third quarter, our ninth consecutive quarter of organic cloud revenue growth and organic ARR growth in constant currency.

OpenText Reports Third Quarter Fiscal Year 2023 Financial Results

Latest innovations prepare businesses for 2030 to be more connected, intelligent, secure and responsible WATERLOO, ON , April 24, 2023 /PRNewswire/ -- Today at OpenText World EMEA – Innovation Summits 2023, OpenText™ (NASDAQ: OTEX), (TSX: OTEX) announces OpenText Cloud Editions (CE) 23.2, with over 75,000 new innovations released in the last 12 months to help customers accelerate their cloud-based digital transformation. This milestone, part of the company's extensive Project Titanium roadmap, enables customers to further drive productivity and profitability while streamlining experiences and security in a multi-cloud world.

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