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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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.

Open Text Corporation (OTEX) Q1 2025 Earnings Call Transcript

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.

Open Text (OTEX) Surpasses Q1 Earnings Estimates

As cyberattacks grow more insidious, organizations are ramping up cybersecurity investments to defend essential services WATERLOO, ON , Oct. 31, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX), (TSX: OTEX), has revealed its highly anticipated "Nastiest Malware of 2024" list, spotlighting the year's most notorious cyber threats. Now in its seventh year, OpenText's cybersecurity experts have identified the most relentless and adaptive malware trends impacting industries worldwide.

OpenText Cybersecurity Unveils 2024's Nastiest Malware: Ransomware Threats Escalate Against Critical Infrastructure

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.

OpenText Reports First Quarter Fiscal Year 2025 Financial Results

Company ranks in the top 20% of global companies included on this year's list WATERLOO, ON , Oct. 29, 2024 /PRNewswire/ -- OpenTextTM  (NASDAQ: OTEX), (TSX: OTEX) today announced it has been named one of the World's Top Companies for Women 2024 by Forbes. The list, which is generated by Forbes in partnership with Statista, celebrates global companies that support women in the workplace.

OpenText Recognized as One of the World's Top Companies for Women by Forbes for the Second Consecutive Year

New bundles, integrated task management and enhanced billing capabilities empower MSPs to deliver comprehensive security services with ease WATERLOO, ON , Oct. 22, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced a major evolution of its Secure Cloud platform, designed to drive growth for managed security providers (MSPs). With fresh features like automated provisioning, enriched product bundling, integrated task management and improved reporting and analytics, the platform streamlines MSP operations helping them focus on customer growth and retention.

OpenText Unveils Secure Cloud Evolution to Supercharge Managed Service Provider (MSP) Business Growth

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.

World Quality Report 2024 shows 68% of Organizations Now Utilizing Gen AI to Advance Quality Engineering

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.

OpenText Partnership with Cork Delivers Peace of Mind with Comprehensive Cybersecurity and Cyber Warranty Solutions for SMBs and MSPs

While companies improve defenses, almost half of respondents still suffer ransomware attacks and the resulting ransom payments only perpetuate the cycle of vulnerability  WATERLOO, ON , Oct. 10, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released its third annual 2024 Global Ransomware Survey, which reveals the current state of ransomware attacks, including ransom payments, the impact of software supply chain attacks and generative AI. The report found that supply chain attacks are widespread with 62% of respondents having been impacted by a ransomware attack originating from a software supply chain partner in the past year.

OpenText Cybersecurity's 2024 Ransomware Survey: Supply Chain Attacks Surge, Ransom Payments Persist

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.

OpenText to Report First Quarter Fiscal Year 2025 Financial Results on Thursday, October 31, 2024

As generative AI usage becomes more widespread, two-thirds of respondents expressed concern about AI systems collecting their data  WATERLOO, ON , Oct. 3, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released the results of Webroot's 2024 GenAI Consumer Trends and Privacy Report. The survey of over 1,000 U.S. consumers found that 39% of consumers use generative AI at least weekly, but significant privacy concerns persist, especially among parents.

OpenText Report Raises Awareness for Consumer Digital Life Protection as Privacy Concerns Increase with Generative AI Use

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.

Are Investors Undervaluing Open Text (OTEX) Right Now?

Adversaries are taking advantage of weak security fundamentals and a lack of countermeasures to carry out cyberattacks WATERLOO, ON , Sept. 27, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released the results of its 2024 Threat Hunter Perspective.

OpenText Cybersecurity's 2024 Threat Hunter Perspective Shows Collaboration Between Nation-States and Cybercrime Rings to Inflict More Damage

WATERLOO, ON , Sept. 12, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX, TSX: OTEX) confirmed today that the nominees listed below were re-elected by shareholders at its annual meeting of shareholders (the "Meeting") held virtually today.

OpenText Announces Voting Results for Election of Directors

Recognition is the latest in a series of leader and employer awards received by the company WATERLOO, ON , Sept. 12, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that it has been included in the TIME World's Best Companies 2024 ranking.

OpenText Named One of the World's Best Companies by TIME Magazine for the Second Consecutive Year

New FedRAMP authorized solution provides government organizations a simpler way to deliver IT services WATERLOO, ON , Sept. 11, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX, TSX: OTEX) today announced it has received authorization for the OpenText IT Management Platform (ITMX) from the Federal Risk and Authorization Management Program (FedRAMP®), advancing OpenText's commitment to providing comprehensive and modern, government-compliant and secure cloud solutions.

OpenText IT Management Platform Achieves FedRAMP® Authorization

Virtual Summit to Feature Industry Experts and Deep-Dive Sessions on the Latest AI-enabled DevSecOps Trends WATERLOO, ON , Sept. 10, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), is excited to announce the upcoming OpenText DevSecOps Virtual Summit 2024, a premier virtual event designed for developers, security professionals and technology leaders focused on the intersection of development and security.

OpenText Harnesses AI to Revolutionize DevSecOps at Global Virtual Summit

WATERLOO, ON , Sept. 9, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX) (TSX: OTEX) today announced that OpenText has been named a Leader in the IDC MarketScape: Worldwide Intelligent Content Services2024 Vendor Assessment (doc #US51467323, September 2024).

OpenText Named a Leader in IDC MarketScape: Worldwide Intelligent Content Services 2024

Virtual Summit to Feature Renowned Customer Speakers and In-Depth Sessions on the Future of Data Analytics WATERLOO, ON , Sept. 6, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the upcoming OpenText Analytics Digital Summit 2024, a premier virtual event that brings together industry leaders, data experts and technology innovators from around the globe.

OpenText Analytics Digital Summit 2024 Provides Insight for Revolutionizing Business Analytics with AI

Open Text Corporation (NASDAQ:OTEX ) Citi's 2024 Global TMT Conference Call September 5, 2024 4:40 PM ET Company Participants Madhu Ranganathan - President, CFO & Corporate Development Conference Call Participants Steven Enders - Citi Steven Enders Well, thanks, everybody, for being here. I think we're at the last session of the day for day 2 of the Citi Technology Conference.

Open Text Corporation (OTEX) Citi's 2024 Global TMT Conference Call Transcript

This strategic partnership aims to streamline compliance with Germany's evolving e-invoicing mandates through OpenText's advanced cloud solutions WATERLOO, ON , Sept. 5, 2024 /PRNewswire/ -- Nippon Gases Deutschland, the German business unit of Nippon Sanso Holdings Corporation (NSHD) an industrial and medical gases company, is partnering with OpenText™ (NASDAQ: OTEX), (TSX: OTEX), to expedite the implementation of mandatory B2B e-invoicing in Germany, ahead of the January 1, 2025 deadline.

Nippon Gases Deutschland Aligns with OpenText to Accelerate E-Invoicing Compliance Ahead of German Mandates

OpenText's (OTEX) Content Cloud and Extended ECM for Engineering solutions are set to optimize processes of Serica Energy.

OpenText (OTEX) to Secure Serica Energy's Operations in UK

Upstream oil and gas company uses OpenText to streamline engineering information and accelerate time to completion while reducing risk WATERLOO, Ontario , Aug. 19, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that Serica Energy, an independent British upstream oil and gas company with operations centered on the UK North Sea, has selected OpenText Content Cloud™ and OpenText Extended ECM for Engineering™ as strategic solutions to efficiently control engineering information, work processes, and risk across the lifecycle of projects and operations, while accelerating operational efficiencies. Serica Energy is one of the top ten oil and gas producing companies in the UK, making a vital contribution to the country's security of energy supply.

Serica Energy Partners with OpenText to Fuel Operational Excellence

Open Text Corporation (OTEX) Oppenheimer's 27th Annual Technology, Internet & Communications Conference (Transcript)

OpenText™ DevOps Aviator reduces manual testing time, boosts coverage, and accelerates development cycles, enhancing Pick n Pay's digital services WATERLOO, Ontario , Aug. 12, 2024 /PRNewswire/ -- Pick n Pay Group, a leading retailer with over 1,650 stores across seven African countries, has partnered with OpenText™ (NASDAQ: OTEX), (TSX: OTEX) to supercharge its software testing processes. By leveraging generative-AI and private large language models (LLM), Pick n Pay has automated 95% of its software testing, cutting testing times by up to three days and significantly improving its digital services for ecommerce customers.

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