Headquartered in Waterloo, ON Fiscal year ends June NASDAQ: OTEX opentext.com
Open Text Corporation (OpenText) is an enterprise information management and data management software company. It positions itself around data for enterprise AI, helping organizations protect, govern and activate their data.
Its core product categories are:
- Content management
- Business Network (B2B integration)
- IT Operations Management (ITOM)
- Cybersecurity (Enterprise)
OpenText generates revenue through four streams:
- Cloud services and subscriptions
- Client support (maintenance)
- Perpetual software licenses
- Professional services
Cloud services and client support together form its annual recurring revenue base of roughly USD 1.04 billion per quarter.
The company embeds its Aviator AI agents across its core portfolio and partners with AI providers such as Cohere. It serves enterprise and public-sector clients globally. About 57% of revenue is in USD, with significant exposure to the euro, GBP and CAD.
OpenText is actively divesting non-core assets, reducing debt and completing an Enterprise Assessment under CEO Ayman Antoun. It pays a quarterly dividend and repurchases shares. Updated
Buybacks carried the earnings beat: the diluted share count fell to about 242.1 million from 253.8 million, holding per-share results flat while non-GAAP net income slipped 4.5%. Revenue fell 2.9% year over year on divestitures and a 9% drop in customer support, with core cloud revenue up 11.2% to $339 million. The February 10 Investor Day in Toronto has to explain what comes next.
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Open Text Corporation (OpenText) is an enterprise information management and data management software company. It positions itself around data for enterprise AI, helping organizations protect, govern and activate their data.
24/7 Wall St.'s 12-month price target for OTEX is $37.15, rated Buy. The Wall Street consensus target is $27.95. OTEX price prediction →
