• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishGo to App
    Quantisnow Logo

    © 2026 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

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

    10/22/24 7:30:00 AM ET
    $OTEX
    EDP Services
    Technology
    Get the next $OTEX alert in real time by email

    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.

    OpenText (PRNewsfoto/Open Text Corporation)

    The World Quality Report 2024 surveyed organizations across various industries to capture the current trends in software engineering and developer best practices. Quality Engineering that was once defined as testing human-written software has now evolved with AI generated code. From the volume of code and test scripts that need to be generated, to how software chains have to be tested end-to-end, the need for redefinition of Quality Engineering is reshaping the focus and strategy of many testing and software engineering teams. The report emphasizes the increasing adoption of Gen AI and its impact on test automation, alongside the critical need for organizations to better align QE metrics with business outcomes to showcase its strategic value.

    Key Findings from the Report Include:

    • Gen AI Dominates Quality Engineering Trends:

      The report shows 68% of organizations are either actively utilizing Gen AI (34%) or have developed roadmaps following successful pilot implementations (34%). Test automation is the leading area where Gen AI is making an impact, with 72% of respondents reporting faster automation processes as a result of Gen AI integration.



    • Upskilling Remains Crucial:

      While 82% of organizations report having dedicated learning pathways for their QE teams, only 50% actively track the effectiveness of these programs. The report stresses the importance of continuous learning, especially in skills such as Gen AI, Agile integration and cross-functional collaboration. 



    • Automation and Legacy System Challenges Persist:

      The report also uncovers the challenges many organizations face in automating their testing environments. A lack of comprehensive test automation strategies and reliance on legacy systems were identified by 57% and 64% of respondents, respectively, as key barriers to advancing automation efforts.



    • Sustainability and Green IT Priorities Lag Behind:

      Despite widespread recognition of sustainability as a top priority, the report finds that only 25% of organizations are measuring the environmental impact of their overall IT development, while 44% are tracking the impact of testing activities. Furthermore, only 34% of respondents are implementing efficient Quality Engineering practices to drive sustainability. The report calls for organizations to adopt comprehensive Green IT strategies and improve environmental impact measurement across the entire software development lifecycle.

    "The insights from this year's World Quality Report emphasize the growing role of AI and emerging technology methodologies in Quality Engineering, but they also reveal a clear need for organizations to recognize and communicate QE's strategic value," said Muhi Majzoub, EVP and Chief Product Officer at OpenText. "As technology evolves, OpenText is dedicated to helping organizations integrate advanced software lifecycle management solutions with Gen AI while ensuring that Quality Engineering remains at the forefront of driving business success."

    "Gen AI tools and solutions are clearly gaining adoption by quality engineers to assist them in their function and focus on higher-value-added tasks," said Mark Buenen, Global Leader, Quality Engineering and Testing at Sogeti. "This year's World Quality Report shows a striking shift with a large majority of respondents who are either actively using Gen AI in their QE processes or crafting implementation roadmaps. Beyond its proven impact on coding efficiency and quality, Gen AI has the potential to further accelerate the transformation of quality engineering and create new value for both clients and end users."

    About the World Quality Report 2024:

    Now in its 16th edition, the World Quality Report is an annual study that explores the latest trends, challenges, and future outlooks for Quality Engineering across industries. The report is based on extensive research and surveys with industry leaders to provide a comprehensive understanding of the software quality landscape.

    World Quality Report 2024 research methodology:

    The World Quality Report is the only global report analyzing application quality and testing trends. It has been produced annually since 2009. This year's edition has tracked and examined the most important trends and developments in Quality Engineering and Testing by surveying more than 1,750 senior executives across 33 countries and 10 sectors. The expert findings are complemented with commentary, examples and best practices from senior executives from various fortune 500 organizations, that participated in deep-dive interviews around these topics.

    Download the full report at https://www.opentext.com/resources/world-quality-report-2024-25.

    About OpenText

    OpenText™ is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology. For more information about OpenText (TSX:OTEX), please visit us at www.opentext.com.

    Connect with us:

    OpenText CEO Mark Barrenechea's blog

    Twitter | LinkedIn

    Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.

    Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.

    OTEX-G

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/world-quality-report-2024-shows-68-of-organizations-now-utilizing-gen-ai-to-advance--quality-engineering-302282709.html

    SOURCE Open Text Corporation

    Get the next $OTEX alert in real time by email

    Crush Q1 2026 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Q&A

    New
    • What percentage of organizations are utilizing Generative AI in Quality Engineering?

      68% of organizations are either actively utilizing Generative AI or have developed roadmaps following pilot implementations.

    • In what area is Generative AI having the most significant impact according to the report?

      Test automation is leading the impact area, with 72% of respondents reporting faster automation processes due to Generative AI integration.

    • How effective are organizations in tracking the learning pathways for their Quality Engineering teams?

      While 82% have dedicated pathways for learning, only 50% track their effectiveness, highlighting the need for continuous skill development.

    • What are the main challenges organizations face in automating their testing environments?

      57% of respondents identified a lack of comprehensive test automation strategies, while 64% pointed to reliance on legacy systems as key challenges.

    • What percentage of organizations are measuring the environmental impact of their IT development activities?

      Only 25% of organizations measure the environmental impact of their IT development, indicating a need for improved Green IT strategies.

    Recent Analyst Ratings for
    $OTEX

    DatePrice TargetRatingAnalyst
    9/15/2025$45.00Sector Perform → Outperform
    National Bank Financial
    8/12/2025$33.00Buy → Hold
    Jefferies
    12/17/2024$32.00Neutral
    UBS
    11/1/2024$45.00 → $33.00Outperform → Sector Perform
    RBC Capital Mkts
    8/2/2024Outperform → Sector Perform
    National Bank Financial
    5/3/2024$50.00 → $38.00Outperform → Market Perform
    BMO Capital Markets
    2/27/2024$45.00Buy
    Jefferies
    3/22/2023$41.00Equal Weight
    Barclays
    More analyst ratings

    $OTEX
    SEC Filings

    View All

    Open Text Corporation filed SEC Form 8-K: Other Events

    8-K - OPEN TEXT CORP (0001002638) (Filer)

    2/10/26 8:13:34 AM ET
    $OTEX
    EDP Services
    Technology

    SEC Form 10-Q filed by Open Text Corporation

    10-Q - OPEN TEXT CORP (0001002638) (Filer)

    2/5/26 4:03:26 PM ET
    $OTEX
    EDP Services
    Technology

    Open Text Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events

    8-K - OPEN TEXT CORP (0001002638) (Filer)

    2/5/26 4:02:09 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 3: New insider Open Text Corp claimed ownership of 1,000 shares

    3 - OPEN TEXT CORP (0001002638) (Reporting)

    12/23/21 4:05:16 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Open Text upgraded by National Bank Financial with a new price target

    National Bank Financial upgraded Open Text from Sector Perform to Outperform and set a new price target of $45.00

    9/15/25 8:01:48 AM ET
    $OTEX
    EDP Services
    Technology

    Open Text downgraded by Jefferies with a new price target

    Jefferies downgraded Open Text from Buy to Hold and set a new price target of $33.00

    8/12/25 7:56:21 AM ET
    $OTEX
    EDP Services
    Technology

    UBS initiated coverage on Open Text with a new price target

    UBS initiated coverage of Open Text with a rating of Neutral and set a new price target of $32.00

    12/17/24 8:15:27 AM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Enterprises Rush into GenAI Without Security Foundations, New Ponemon Study Finds

    Global research from OpenText and Ponemon shows strong security foundations are critical to scaling Enterprise AIWATERLOO, ON, March 23, 2026 /CNW/ -- OpenText™ (NASDAQ:OTEX) (TSX:OTEX) today released a new global report, "Managing Risks and Optimizing the Value of AI, GenAI & Agentic AI," developed in partnership with the Ponemon Institute. The research revealed that, while more than half of enterprises (52%) have fully or partially deployed GenAI, security and governance is falling behind. This gap highlights a growing challenge for the industry as organizations are adopting g

    3/23/26 9:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    OpenText Increases Share Repurchase Program to US$500 Million

    WATERLOO, ON, Feb. 10, 2026 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX) (the Company), today announced that it has increased its previously announced Fiscal 2026 share repurchase program by US$200 million, whereby it intends to purchase for cancellation up to a maximum aggregate value of US$500 million of its common shares (Common Shares) pursuant to a normal course issuer bid (NCIB). The maximum number of Common Shares that may be acquired under the NCIB will remain unchanged at the 24,906,456 Common Shares, which was previously approved by the Toronto Stock Exchange (TSX).

    2/10/26 8:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    OpenText Reports Second Quarter Fiscal Year 2026 Financial Results

    Total Revenues of $1.33B, 20 Consecutive Quarters of Cloud Organic Growth Delivers Net Income Margin of 13%, Robust Adjusted EBITDA Margin of 37.0%  Fiscal 2026 Second Quarter Highlights (in millions)(1) Total Revenues Cloud Revenues Profitability Diluted EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $1,327 $478 $168 $491 $0.66 $1.13 $319 $279 -0.6% Y/Y +3.4% Y/Y 12.7% margin 37.0% margin -24.1% Y/Y +1.8% Y/Y -8.4% Y/Y -8.9% Y/Y WATERLOO, ON, Feb. 5, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced its financial results for the second quarter ended December 31, 2025.

    2/5/26 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Leadership Updates

    Live Leadership Updates

    View All

    OpenText Appoints Ayman Antoun as Chief Executive Officer

    Proven global technology leader to drive disciplined growth in cloud modernization and enterprise AI WATERLOO, ON, Jan. 29, 2026 /PRNewswire/ -- OpenText Corporation (NASDAQ:OTEX) (TSX:OTEX) ("OpenText" or the "Company") today announced that its Board of Directors ("Board") has appointed Ayman Antoun as Chief Executive Officer and a member of the Board, effective April 20, 2026. Mr. Antoun brings more than three decades of global technology, operating discipline and transformation leadership to OpenText, built over a seasoned career in the information technology industry. As P

    1/29/26 8:30:00 AM ET
    $OTEX
    EDP Services
    Technology

    OpenText Appoints George Schindler to Board of Directors

    WATERLOO, ON, Oct. 6, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of George Schindler to its board of directors. Mr. Schindler previously served as President and Chief Executive Officer of CGI Inc. ("CGI") from 2016 to 2024 and currently serves as a member of the board of directors of CGI. In his capacity as President and Chief Executive Officer, he led the development and implementation of CGI's profitable growth strategy to strengthen its market position as one of the world's leading global business and strategic IT consulting services firms.

    10/6/25 5:00:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Appoints Steve Rai EVP, Chief Financial Officer

    WATERLOO, ON, Oct. 1, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced Steve Rai as Executive Vice President, Chief Financial Officer, effective October 6, 2025.  Mr. Rai brings over 30 years of global finance experience and a proven track record as a technology industry veteran. He has built a reputation for strong leadership, integrity, and deep operational expertise across both high-growth environments and established global enterprises. Mr. Rai most recently served as Chief Financ

    10/1/25 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Financials

    Live finance-specific insights

    View All

    OpenText Increases Share Repurchase Program to US$500 Million

    WATERLOO, ON, Feb. 10, 2026 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX) (the Company), today announced that it has increased its previously announced Fiscal 2026 share repurchase program by US$200 million, whereby it intends to purchase for cancellation up to a maximum aggregate value of US$500 million of its common shares (Common Shares) pursuant to a normal course issuer bid (NCIB). The maximum number of Common Shares that may be acquired under the NCIB will remain unchanged at the 24,906,456 Common Shares, which was previously approved by the Toronto Stock Exchange (TSX).

    2/10/26 8:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    OpenText Reports Second Quarter Fiscal Year 2026 Financial Results

    Total Revenues of $1.33B, 20 Consecutive Quarters of Cloud Organic Growth Delivers Net Income Margin of 13%, Robust Adjusted EBITDA Margin of 37.0%  Fiscal 2026 Second Quarter Highlights (in millions)(1) Total Revenues Cloud Revenues Profitability Diluted EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $1,327 $478 $168 $491 $0.66 $1.13 $319 $279 -0.6% Y/Y +3.4% Y/Y 12.7% margin 37.0% margin -24.1% Y/Y +1.8% Y/Y -8.4% Y/Y -8.9% Y/Y WATERLOO, ON, Feb. 5, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced its financial results for the second quarter ended December 31, 2025.

    2/5/26 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText to Report Second Quarter Fiscal Year 2026 Financial Results on Thursday, February 5, 2026

    WATERLOO, ON, Jan. 7, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its second quarter fiscal year 2026 will be released on Thursday, February 5, 2026, at approximately 4:00 p.m. ET. OpenText to Host Conference Call WebcastThe earnings call will be hosted on February 5, 2026, at 5:00 p.m. ET by OpenText Executive Chair & Chief Strategy Officer, Tom Jenkins, OpenText Interim Chief Executive Officer, James McGourlay and OpenText Executive Vice President & Chief Financial Officer, Steve Rai. The webcast will be ac

    1/7/26 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by Open Text Corporation

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/10/24 10:45:34 AM ET
    $OTEX
    EDP Services
    Technology

    Amendment: SEC Form SC 13G/A filed by Open Text Corporation

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/10/24 10:44:11 AM ET
    $OTEX
    EDP Services
    Technology

    SEC Form SC 13G/A filed by Open Text Corporation (Amendment)

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    2/14/24 4:15:39 PM ET
    $OTEX
    EDP Services
    Technology