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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1 Day to Seeing OpenText's Latest Innovations for Business Success WATERLOO, ON , April 23, 2023 /PRNewswire/ -- What: OpenText World EMEA 2023, an opportunity to reimagine how information is managed via technology, without the constraints of location, infrastructure, time, or space – witness and experience inspiring face-to-face and on-demand keynote sessions, customer and partner meetings, industry customer roundtables, networking events and more. Includes: Keynote address by CEO & CTO Mark Barrenechea, who will talk about the future of information management and showcase new innovations from OpenText.

Media Alert: Countdown to OpenText World EMEA

WATERLOO, ON , April 10, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its third quarter fiscal year 2023 will be released on Thursday, May 4, 2023, at approximately 4:00 p.m. ET.

OpenText to Report Third Quarter Fiscal Year 2023 Financial Results on Thursday, May 4, 2023

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The 3 Most Undervalued Cybersecurity Stocks to Buy in April 2023

40.3% reduction in the number of devices encountering malware for those with three layers of protection versus a single layer WATERLOO, ON , March 29, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released the results of the 2023 OpenText Cybersecurity Threat Report which explores the latest threats and risks to the small and medium business (SMB) and consumer segments. Powered by the BrightCloud® Threat Intelligence Platform, the OpenText Cybersecurity annual report breaks down a broad range of threat activity, offers insight into the trends observed, and discusses wide-reaching impacts for industries, geographies, companies and individuals.

2023 OpenText Cybersecurity Threat Report Reinforces Need for Multilayered Security Approach

OpenText received the highest possible scores in 10 criteria WATERLOO, ON , March 27, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that it has been named a Leader in The Forrester Wave™: Content Platforms, Q1 2023. OpenText received the highest possible scores in the criteria of market approach, integrations and interoperability, lifecycle management, search, document management, collaborative workspaces, digital process automation, eSignature, and supporting product and services.

OpenText named a leader in Content Platforms for 2023

AI-powered cloud platform features major new capabilities: Strategic Planning for an Agile World, Codeless Quality and Real-World Performance Engineering   WATERLOO, ON , March 21, 2023 /PRNewswire/ -- OpenText (NASDAQ: OTEX), (TSX: OTEX) today launched the latest version of ValueEdge -- an innovative modular, cloud-based DevOps and value stream management (VSM) platform. ValueEdge23 includes new capabilities that build on the platform's existing functionality, enabling chief technology officers (CTOs) to accelerate speed-to-value eliminating the typical waiting, wasting and wondering in the development process.

OpenText ValueEdge23 increases speed-to-value for application development and delivery organizations in the OpenText Cloud

WATERLOO, ON , March 1, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced that Bayer has selected OpenText™ Business Network Cloud Enterprise as a strategic solution for select B2B integration activities within the divisions Consumer Health & Pharmaceuticals, to increase agility and improve operational efficiencies. The collaboration was initiated with a proof-of-concept to be followed by roll-out activities.

OpenText Collaborates with Bayer to Simplify Digital Operations

New innovations announced are empowering businesses to be more intelligent, connected, secure and responsible WATERLOO, ON , Feb. 16, 2023 /PRNewswire/ -- Today OpenText™ (NASDAQ: OTEX), (TSX: OTEX), announced Cloud Editions 23.1 (CE 23.1), the latest technology innovations on its Project Titanium roadmap and the future of information management in the cloud. As the company's next generation cloud platform, Project Titanium will help customers accelerate their cloud-based digital transformation and adopt future Artificial Intelligence (AI) based applications.

OpenText Fuels Business 2030 with Cloud Editions 23.1 Release

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Open Text (OTEX) Stock Undervalued Right Now?

The stock price of Open Text Corp (NASDAQ: OTEX) increased by 4.33% in the most recent trading session. This is why.

OTEX Stock: 4.33% Increase Explanation

Open Text Corporation (NASDAQ:OTEX ) Q2 2023 Earnings Conference Call February 2, 2023 5:00 PM ET Company Participants Harry Blount - Senior Vice President of Investor Relations Mark Barrenechea - Chief Executive Officer & Chief Technology Officer Madhu Ranganathan - Executive Vice President & Chief Financial Officer Conference Call Participants Paul Treiber - RBC Capital Markets Kevin Krishnaratne - Scotiabank Stephanie Price - CIBC Thanos Moschopoulos - BMO Capital Markets Richard Tse - National Bank Financial Daniel Chan - TD Securities Steven Li - Raymond James Operator Thank you for standing by. This is the conference operator.

Open Text Corporation (OTEX) Q2 2023 Earnings Call Transcript

Record Q2 Revenues Powered by Cloud Revenue Growth and Continued Strong Cloud Bookings. Eight Consecutive Quarters of Cloud Organic Growth.

OpenText Reports Second Quarter Fiscal Year 2023 Financial Results

WATERLOO, ON , Jan. 31, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) announced today that it has closed the previously announced acquisition (the "Acquisition") of Micro Focus International plc ("Micro Focus"), a leading provider of mission-critical software technology and services that help customers accelerate digital transformation.  "I would like to welcome Micro Focus customers, partners and employees to OpenText," said OpenText CEO & CTO Mark J.

OpenText Buys Micro Focus

OpenText commissioned survey reports that B2B integration helps to improve the cost, efficiency, and visibility of supply chain operations  WATERLOO, ON , Jan. 24, 2023 /PRNewswire/ -- A new IDC White Paper, sponsored by OpenText™  (NASDAQ: OTEX), (TSX: OTEX), unveils that one of the biggest gaps in supply chain efficiency is the adoption of modern, digital technologies. As the study suggests, those companies more progressed in their business-to-business (B2B) digital transformation journey outperform those less progressed in revenue, profit, customer satisfaction, and responsiveness rate.

B2B Integration is the Backbone of a Digital-First, Resilient Supply Chain

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

OpenText to Report Second Quarter Fiscal Year 2023 Financial Results on Thursday, February 2, 2023

Celebrating Canadian Innovation WATERLOO, ON , Dec. 19, 2022 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that Mark J. Barrenechea, OpenText CEO & CTO, will join members of the Company's executive leadership team and Board of Directors to ring the Nasdaq opening bell on February 3, 2023, from 9:15 a.m.

OpenText to Ring the Nasdaq Stock Market Opening Bell in Ottawa

New partnership aims to keep consumers safe by protecting devices, identities, and privacy WATERLOO, ON , Dec. 6, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), has partnered with Allstate Identity Protection (AIP) to offer identity protection services to Webroot customers to further protect consumers from evolving cyber threats by shielding their devices, identities and private information. Webroot protects computers, laptops, tablets, smartphones and other digital devices from threats like malware, ransomware, phishing and more.

OpenText Adds Allstate Identity Protection to Webroot® Helps Protect People's Digital Lives

WATERLOO, ON , Dec. 1, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) announced today that, in connection with its proposed acquisition (the "Acquisition") of Micro Focus International plc ("Micro Focus"), Open Text Corporation (the "Company" or "OpenText") has closed its offering (the "Notes Offering") of US$1 billion principal amount of 6.90% senior secured fixed rate notes due 2027 (the "Notes") and executed an amendment to its first lien term loan facility due 2029 (the "Term Loan"). As a result, the entire previously announced US$4.585 billion aggregate debt financing package for the Acquisition is now finalized, and, as such, all commitments under the bridge loan agreement related to the Acquisition have been correspondingly terminated undrawn.

OpenText Completes Notes Offering and Term Loan Amendment as part of Micro Focus Acquisition Financing

OpenText Invests in US Government Transformation for Information Management WATERLOO, ON , Nov. 21, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), a global leader in information management, today announced it has achieved the "In Process" designation for its OpenText Cloud for Government offering as one of the initial steps in the Federal Risk and Authorization Management Program (FedRAMP) authorization process. 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 Achieves FedRAMP 'In Process' Designation

WATERLOO, ON , Nov. 16, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) announced today that Open Text Corporation (the "Company" or "OpenText") has priced an offering (the "Notes Offering") of US$1 billion principal amount of 6.90% senior secured fixed rate notes due 2027 (the "Notes") in connection with its proposed acquisition (the "Acquisition") of Micro Focus International plc ("Micro Focus"). OpenText further announced that it successfully fully syndicated its first lien term loan facility due 2029 (the "Term Loan") in the amount of US$3.585 billion, which will bear interest at a rate per annum equal to adjusted term SOFR plus 3.50%.

OpenText Announces Pricing of Notes Offering and Successful Term Loan Syndication as part of Micro Focus Acquisition Financing

WATERLOO, ON , Nov. 14, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced Open Text Corporation (the "Company" or "OpenText") intends to commence, subject to market and customary conditions, a proposed offering of senior secured notes (the "Notes") pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be guaranteed on a senior secured basis by OpenText's existing wholly-owned subsidiaries organized in the United States or Canada that borrow or guarantee OpenText's obligations under its senior credit facilities.

OpenText Announces Senior Secured Notes Offering as part of Micro Focus Acquisition Financing

OpenText managed security service completely  eliminates false positives and promotes cyber resilience WATERLOO, ON , Nov. 9, 2022 /PRNewswire/ -- Today, OpenTextTM  (NASDAQ: OTEX), (TSX: OTEX), a global leader in information management, announced its impressive results in the first of its kind, MITRE Engenuity ATT&CK® Evaluations for Managed Services including both Managed Detection and Response (MDR) and Managed Security Services Providers (MSSP). The evaluation was designed to provide transparent and impartial insights into how MDR and MSSPs capabilities perform and analyze adversary behavior.

OpenText next level Managed Detection and Response offerings recognized in the 2022 MITRE Engenuity ATT&CK Evaluations for Managed Services

SMBs Concerned About Tightening Security Budgets Despite Increased Risks WATERLOO, ON , Nov. 7, 2022 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX), today released results of the OpenText Security Solutions 2022 Global Small-Medium Business (SMB) Ransomware Survey. Findings show growing concern about ransomware attacks, the impact of geopolitical tensions and rising inflation rates.

OpenText Security Solutions Global SMB Ransomware Survey Reveals Heightened Worry about Increased Cyber Attacks Due to Geopolitical Tensions

Open Text Corporation (NASDAQ:OTEX ) Q1 2023 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Harry Blount - Senior Vice President, Investor Relations Mark Barrenechea - Chief Executive Officer and Chief Technology Officer Madhu Ranganathan - Executive Vice President and Chief Financial Officer Conference Call Participants George Kurosawa - Citi Stephanie Price - CIBC Paul Treiber - RBC Capital Markets Richard Tse - National Bank Financial Thanos Moschopoulos - BMO Capital Markets Daniel Chan - TD Securities Operator Thank you for standing by. This is the conference operator.

Open Text Corporation (OTEX) Q1 2023 Earnings Call Transcript

Record Q1 Revenues Powered by Cloud Revenue Growth and Continued Strong Cloud Bookings Fiscal 2023 First Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported ConstantCurrency Reported ConstantCurrency Reported ConstantCurrency $852 $892 $722 $754 $405 $417 +2.4 % +7.1 % +4.4 % +8.9 % +13.5 % +16.9 % Annual Recurring Revenues represent 85% of Total Revenues Total revenues of $852 million, up 2.4% Y/Y or up 7.1% in constant currency Annual recurring revenues of $722 million, up 4.4% Y/Y or up 8.9% in constant currency, a record 85% of total revenues Cloud revenues of $405 million, up 13.5% Y/Y or up 16.9% in constant currency Strong quarterly enterprise cloud bookings(1) of $112 million, up 37% Y/Y Operating cash flows were $132 million and free cash flows(3) were $96 million TTM operating cash flows(2) were $924 million and TTM free cash flows(2)(3) were $821 million GAAP-based net income (loss) of ($117) million including $181 million of pretax unrealized losses on mark-to-market valuations related to derivative transactions in connection with the Micro Focus acquisition Adjusted EBITDA(3) of $304 million, margin of 35.7% and TTM Adjusted EBITDA(2)(3) of $1,246 million, margin of 35.5% GAAP-based diluted earnings (loss) per share (EPS) of ($0.43), Non-GAAP diluted EPS(3) of $0.77 WATERLOO, ON , Nov. 3, 2022 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the fourth quarter ended September 30, 2022. "OpenText demonstrated outstanding execution and delivered record Q1 revenues and enterprise cloud bookings, up 37% Y/Y, amidst a dynamic macro environment," said Mark J.

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