Open Text (OTEX) Stock

Next-generation cloud, security, AI-integrated innovations unveiled at OpenText World 2024 WATERLOO, ON , Nov. 19, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today unveiled Cloud Editions (CE) 24.4 at OpenText World 2024, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work. This release delivers secure, AI-integrated solutions that strengthen data connectivity, streamlines workflows, and enhances human potential—addressing the needs of forward-thinking CIOs and business leaders navigating multi-cloud environments.

WATERLOO, ON , Nov. 18, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that the OpenText Partner Network now has expanded access to sell OpenText's entire portfolio of solutions for information management, including Content Services, Experience Management, Security, IT Operations Management, and Developer tools along with accelerants, such as cloud, artificial intelligence, automation and analytics. "This is a major milestone for our Partner Network, following our acquisition of Micro Focus," said Sandy Ono, EVP and Chief Marketing Officer, OpenText.

Pioneering experts gather in Las Vegas to explore a future driven by AI knowledge workers, cloud, and next-generation security WATERLOO, ON , Nov. 15, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced its roster of keynote and guest speakers for OpenText World 2024, the leading information management conference, set to take place in-person and virtually at the Venetian Hotel Resort, Las Vegas, from November 18-21, 2024. This year's conference will bring together leading experts in business and technology to explore the transformative potential of AI and information management, focusing on how AI-driven knowledge workers will reimagine business operations for the next generation.

Open Text (OTEX) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $1.01 per share a year ago.

Total Revenues of $1.27B, 15 Consecutive Quarters of Cloud Organic Growth Delivers Net Income Margin of 7%, Robust Adjusted EBITDA Margin of 35.0% GAAP EPS of $0.32, Non-GAAP EPS of $0.93 Purchased and Canceled 7.72M Shares Over the Last Two Quarters Fiscal 2025 First Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) $1,269 $1,053 $457 (11.0) % (8.4) % +1.3 % Annual Recurring Revenues represent 83% of Total Revenues     "In our first full quarter after the AMC divestiture, we delivered $1.27 billion in total revenues, 35% Adjusted EBITDA Margin, and our 15th consecutive quarter of organic cloud revenue growth," said Mark J. Barrenechea, OpenText CEO & CTO.

Open Text Corporation (NASDAQ:OTEX ) Q1 2025 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Greg Secord - Vice President, Investor Relations Mark Barrenechea - Chief Executive Officer and CTO Madhu Ranganathan - President and CFO Conference Call Participants Steven Enders - Citi Billy Fitzsimmons - Jefferies Raimo Lenschow - Barclays Erin Kyle - CIBC Mike Stevens - National Bank Financial Thanos Moschopoulos - BMO Capital Markets Kiran Sritharan - Eight Capital Operator Thank you for standing by. This is the conference operator.

Developer productivity and quality engineering has passed the tipping point of adopting generative AI to drive business success, says the 16th edition of the report WATERLOO, ON , Oct. 22, 2024 /PRNewswire/ -- OpenText™, in collaboration with Capgemini and Sogeti (part of the Capgemini Group), today announced the findings of the 16th edition of the World Quality Report, "New Futures in Focus." The report reveals significant developments in Quality Engineering (QE), with a growing emphasis on the integration of Generative AI (Gen AI) and a notable shift in the skills required to excel in Agile development environments.

New collaboration provides elevated service offerings with financial protection to attract and retain clients resulting in increased revenue streams WATERLOO, ON , Oct. 21, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced a strategic partnership with Cork Inc., adding the cyber warranty solutions to provide a holistic solution portfolio tailored specifically for Small and Medium Businesses (SMBs) and Managed Service Providers (MSPs). This alliance will empower MSPs to offer a distinctive blend of award-winning cybersecurity solutions and robust financial protection to enhance their customer offerings.

WATERLOO, ON , Oct. 9, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its first quarter fiscal year 2025 will be released on Thursday, October 31, 2024, at approximately 7:00 a.m. ET. OpenText to Host Conference Call Webcast Mark J.