Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
CanadaIPO:
24 January 1996Website:
http://www.opentext.comNext earnings report:
02 August 2024Last dividends:
31 May 2024Next dividends:
N/APrice
regular market | 8 min agoAnalysts recommendations
Institutional Ownership
OTEX Latest News
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...
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 is a Canadian company that creates information management software for businesses. Its recent performance has been inconsistent, with a decrease in revenue forecast for FY 2025 following a significant divestiture, leading to a drop in stock prices after the Q3 earnings call. However, OpenText's efforts to reduce debt and enhance shareholder value through buybacks and increased dividends may offer potential for growth.
Open Text Corporation (NASDAQ:OTEX) held its Q3 2024 Earnings Call on May 2, 2024 at 5:00 PM ET. Key participants included Harry Blount, Mark J. Barrenechea, and Madhu Ranganathan. Various analysts and investors also joined the call. Thank you for joining us.
Open Text (OTEX) reported quarterly earnings of $0.94 per share, matching the Zacks Consensus Estimate. This is an increase from earnings of $0.73 per share in the same quarter last year.
OpenText (OTEX) develops and sells enterprise information management software. CFO Madhu Ranganathan discusses OpenText's recent earnings.
Open Text Corporation (OTEX) Q2 2024 Earnings Call Transcript
Open Text recorded a Q1'24 revenue of $1.41bn, a 75% YoY increase. Open Text leverages its existing client base for integration as it expands its range of offerings in AI. Open Text's financials show superior growth capabilities and justify greater long-run growth.
Open Text Corporation (NASDAQ:OTEX ) Nasdaq 49th Investor Conference December 5, 2023 8:00 AM ET Company Participants Madhu Ranganathan - Chief Financial Officer Unidentified Company Representative All right, well, good afternoon. Hope everyone enjoyed lunch and the panel presentation.
Open Text Corporation (NASDAQ:OTEX ) Q1 2024 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Harry Blount - Senior Vice President of Investor Relations Mark Barrenechea - CEO and CTO Madhu Ranganathan - Executive Vice President and CFO Paul Duggan - Executive Vice President and Chief Customer Officer Conference Call Participants Richard Tse - National Bank Financial Thanos Moschopoulos - BMO Capital Markets Paul Treiber - RBC Capital Markets Kevin Krishnaratne - Scotiabank Stephanie Price - CIBC Adhir Kadve - Eight Capital Daniel Chan - TD Cowen Operator Thank you for standing by. This is the conference operator.
What type of business is Open Text?
Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform. The company also provides eDiscovery platform that provides forensics and unstructured data analytics; OpenText Developer Cloud; key developer API services; AI and analytics that leverages structured or unstructured data; digital process automation solutions, which enables organizations to transform into digital data-driven businesses; and OpenText Digital Experience platform. In addition, it offers customer support programs, including access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets; and consulting and learning services relating to the implementation, training, and integration of its licensed product offerings, as well as cloud services. The company serves organizations, enterprise and mid-market companies, public sector agencies, small and medium-sized businesses, and direct consumers in Canada, the United States, the United Kingdom, Germany, rest of Europe, the Middle East, Africa, and internationally. It has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.
What sector is Open Text in?
Open Text is in the Technology sector
What industry is Open Text in?
Open Text is in the Software Application industry
What country is Open Text from?
Open Text is headquartered in Canada
When did Open Text go public?
Open Text initial public offering (IPO) was on 24 January 1996
What is Open Text website?
https://www.opentext.com
Is Open Text in the S&P 500?
No, Open Text is not included in the S&P 500 index
Is Open Text in the NASDAQ 100?
No, Open Text is not included in the NASDAQ 100 index
Is Open Text in the Dow Jones?
No, Open Text is not included in the Dow Jones index
When does Open Text report earnings?
The next expected earnings date for Open Text is 02 August 2024