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. This year, ransomware aimed at critical infrastructure takes center stage, highlighting an urgent call for reinforced security to protect vital services. In response, organizations are projected to increase their cybersecu

Total Revenues of $1.27B, 15 Consecutive Quarters of Cloud Organic GrowthDelivers Net Income Margin of 7%, Robust Adjusted EBITDA Margin of 35.0%GAAP EPS of $0.32, Non-GAAP EPS of $0.93Purchased 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. Barr

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, which has been named to the list for the second consecutive year, ranked within the top 20% of global companies. Companies who received this recognition were evaluated through multiple gl

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.  

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. Ensuring that MSPs are equipped with the best tools and services, th

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.

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 WebcastMark J. Barrenechea, OpenText CEO & CTO and Madhu Ranganathan, OpenText President, CFO & Corporate Development will host a conference call webcast on October 31, 2024, at 9:00 a.m. ET from its Investor Relations website. Date: Thursday, October 31, 2024 Time: 9:00 a.m. ET/6:00 a.m. PT Length:

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. Additionally, while consumers have taken steps to protect their personal information, only 27% use privacy tools and settings to protect workplace information when using generative AI.

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. The report found that the collaboration and coordination taking place between nation-states and cybercrime rings to target global supply chains and further geopolitical motives has become a signature trend in the threat landscape. For CISOs, the question isn't whether attacks will happen, but what form they'll take

Total Revenues of $1.27B, 15 Consecutive Quarters of Cloud Organic GrowthDelivers Net Income Margin of 7%, Robust Adjusted EBITDA Margin of 35.0%GAAP EPS of $0.32, Non-GAAP EPS of $0.93Purchased 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. Barr

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 WebcastMark J. Barrenechea, OpenText CEO & CTO and Madhu Ranganathan, OpenText President, CFO & Corporate Development will host a conference call webcast on October 31, 2024, at 9:00 a.m. ET from its Investor Relations website. Date: Thursday, October 31, 2024 Time: 9:00 a.m. ET/6:00 a.m. PT Length:

– Delivers Total Annual Revenues of $5.8 Billion with 29% Growth –– Announces New $300 Million Share Repurchase Program –– Increases Annualized Dividend By 5% – Fiscal 2024 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 $5,770 $5,729 $4,534 $4,506 $1,821 $1,816 +28.6 % +27.7 % +25.4 % +24.6 % +7.1 % +6.8 % Annual Recurring Revenues represent 79% of Total Revenues     "OpenText delivered solid Fiscal 2024 financial results with total revenues of $5.8 billion, representing a 29% year-over-year growth, we grew organically, and delivered $2 bil

WATERLOO, ON, July 10, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its fourth quarter fiscal year 2024 will be released on Thursday, August 1, 2024, at approximately 4:00 p.m. ET. OpenText to Host Conference Call WebcastMark J. Barrenechea, OpenText CEO & CTO and Madhu Ranganathan, OpenText President, CFO & Corporate Development will host a conference call webcast on August 1, 2024, at 5:00 p.m. ET from its Investor Relations website.   Date: Thursday, August 1, 2024 Time: 5:00 p.m. ET/2:00 p.m. PT Length: 60

Record Q3 Total Revenues and Enterprise Cloud Bookings Announces $250 Million Share Repurchase Program Fiscal 2024 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 $1,447 $1,444 $1,146 $1,143 $455 $454 +16.3 % +16.0 % +13.3 % +13.1 % +4.4 % +4.4 % Annual Recurring Revenues represent 79% of Total Revenues Total revenues of $1.447 billion, up 16.3% Y/Y or up 16.0% in constant currency (CC)Annual Recurring Revenues (ARR) of $1.146 billion, up 13.3% Y/Y or up 13.1% in CCCloud revenues of $455 million, up 4.4% Y/Y and up 4.4% in CCQuarterly ent

WATERLOO, ON, April 9, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its third quarter fiscal year 2024 will be released on Thursday, May 2, 2024, at approximately 4:00 p.m. ET. OpenText to Host Conference Call WebcastMark J. Barrenechea, OpenText CEO & CTO and Madhu Ranganathan, OpenText President, CFO & Corporate Development will host a conference call webcast on May 2, 2024, at 5:00 p.m. ET from its Investor Relations website.   Date: Thursday, May 2, 2024 Time: 5:00 p.m. ET/2:00 p.m. PT Length: 60 minutes W

Record Total Revenues of $1.535 billion Up 71% Y/Y Record Enterprise Cloud Bookings Fiscal 2024 Second Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported ConstantCurrency Reported ConstantCurrency Reported ConstantCurrency $1,535 $1,509 $1,146 $1,128 $450 $446 +71.0 % +68.2 % +58.0 % +55.6 % +10.1 % +9.2 % Annual Recurring Revenues represent 75% of Total Revenues Record total revenues of $1.535 billion, up 71.0% Y/Y or up 68.2% in constant currency (CC)Annual Recurring Revenues (ARR) of $1.146 billion, up 58.0% Y/Y or up 55.6% in CCCloud revenues of $450 million, up 10.1% Y/Y or up 9.2% in CCRecord quarterly enterpri

WATERLOO, Ontario, Jan. 10, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its second quarter fiscal year 2024 will be released on Thursday, February 1, 2024, at approximately 4:00 p.m. ET. Teleconference CallMark J. Barrenechea, OpenText CEO & CTO and Madhu Ranganathan, OpenText EVP, CFO will host a conference call on February 1, 2024, at 5:00 p.m. ET to discuss the company's financial results. Date: Thursday, February 1, 2024 Time: 5:00 p.m. ET/2:00 p.m. PT Length: 60 minutes Call-me: Use this Call Me link to

OpenText to Focus on Cloud and AI Opportunity Within Information Management WATERLOO, ON, Nov. 28, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced that it has reached a definitive agreement to divest its AMC business to Rocket Software, Inc., a Bain Capital portfolio company ("Rocket Software"), for US$2.275 billion in cash. OpenText's AMC business provides market leading mainframe modernization and connectivity software to more than 10,000 customers enabling them to run mission-critical business applications in hybrid cloud environments. Benefits of the transaction include:

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 CallMark J. Barrenechea, OpenText CEO & CTO and Madhu Ranganathan, OpenText EVP, CFO will host a conference call on November 2, 2023, at 5:00 p.m. ET to discuss the company's financial results. Also joining the call will be Paul Duggan, OpenText EVP, Chief Customer Officer. Date: Thursday, November 2, 2023 Time: 5:00 p.m. ET/2:00 p.m. PT Length: 60 minutes Dial-in: 1-800-319-4610 (toll-free)+1-604-638-5340 (international) Investor

3 - OPEN TEXT CORP (0001002638) (Reporting)

RBC Capital Mkts downgraded Open Text from Outperform to Sector Perform and set a new price target of $33.00 from $45.00 previously

National Bank Financial downgraded Open Text from Outperform to Sector Perform

BMO Capital Markets downgraded Open Text from Outperform to Market Perform and set a new price target of $38.00 from $50.00 previously

Jefferies initiated coverage of Open Text with a rating of Buy and set a new price target of $45.00

Barclays resumed coverage of Open Text with a rating of Equal Weight and set a new price target of $41.00

Citigroup initiated coverage of Open Text with a rating of Neutral and set a new price target of $34.00

CIBC downgraded Open Text from Sector Outperform to Neutral

RBC Capital reiterated coverage of Open Text with a rating of Outperform and set a new price target of $62.00 from $60.00 previously

Barclays reiterated coverage of Open Text with a rating of Equal-Weight and set a new price target of $57.00 from $56.00 previously

Barclays downgraded Open Text from Overweight to Equal-Weight and set a new price target of $56.00

CIBC analyst Stephanie Price maintains Open Text (NASDAQ:OTEX) with a Neutral and lowers the price target from $36 to $33.

Citigroup analyst Steven Enders maintains Open Text (NASDAQ:OTEX) with a Neutral and lowers the price target from $37 to $32.

CIBC analyst Stephanie Price maintains Open Text (NASDAQ:OTEX) with a Neutral and lowers the price target from $38.5 to $36.

Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced that it has purchased Pillr, an MDR platform from Novacoast, Inc.Pillr technology is a cloud native, multi-tenant MDR platform for Managed Service Providers (MSPs) that includes Managed Detection and Response and powerful threat-hunting capabilities. This combination of Pillr technology and OpenText security expertise provides enhanced threat hunting, monitoring, and response for customers where skill gaps, skill shortages, and alert fatigue create a significant need today.The acquisition accelerates OpenText's Cybersecurity product roadmap to offer key features including API integrations and product/pricing bundling for MSPs s

Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX) today announced that, as previously indicated, it completed its $2 billion debt reduction using the net proceeds from its AMC divestiture, which reflects $940 million paid to terminate the Company's Term Loan B due 2025 and $1.06 billion to reduce amounts outstanding under its Acquisition Term Loan due 2030.

Barclays analyst Raimo Lenschow maintains Open Text (NASDAQ:OTEX) with a Equal-Weight and lowers the price target from $44 to $38.

U.S. stock futures were higher this morning, with the Dow futures gaining over 250 points on Friday. Shares of Stem, Inc. (NYSE:STEM) shares fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results and cut its FY24 revenue guidance. Stem posted a quarterly loss of 46 cents per share, versus market expectations for a loss of 21 cents per share. The company's quarterly sales came in at $25.47 million missing estimates of $57.11 million, according to data from Benzinga Pro. Stem shares dipped 18.7% to $1.55 in pre-market trading in pre-market trading. Here are some big stocks recording losses in today's pre-market trad

BMO Capital analyst Thanos Moschopoulos downgrades Open Text (NASDAQ:OTEX) from Outperform to Market Perform and lowers the price target from $50 to $38.