Welcome to our dedicated page for Open Text news (Ticker: OTEX), a resource for investors and traders seeking the latest updates and insights on Open Text stock.
OpenText Corp (OTEX) specializes in enterprise information management solutions that integrate cloud technologies, AI, and cybersecurity innovations. This news hub provides investors and professionals with essential updates about the company's strategic initiatives and market position.
Access official press releases, earnings reports, and analysis of OpenText's developments in cloud platforms, data security enhancements, and strategic partnerships. Our curated collection helps stakeholders track regulatory compliance updates, product launches, and technology integrations critical to the EIM sector.
Discover updates across key operational areas including Content Cloud advancements, cybersecurity protocol updates, and business network expansions. The resource is regularly updated to reflect OpenText's role in enabling digital transformation through intelligent information management solutions.
Bookmark this page for streamlined access to verified OpenText announcements and industry analysis. Monitor how the company addresses evolving challenges in data governance, DevSecOps implementations, and global IT infrastructure demands.
OpenText reported mixed Q3 fiscal 2025 results with cloud revenues growing 1.8% year-over-year to $463 million, marking 17 consecutive quarters of cloud organic growth. Total revenues declined 13.3% to $1.254 billion, impacted by demand volatility. The company posted net income of $93 million with a 7.4% margin.
Key financial metrics include: Adjusted EBITDA of $395 million (31.5% margin), GAAP EPS of $0.35 (-2.8% Y/Y), and free cash flows of $374 million (+7.4% Y/Y). The company returned $183 million to shareholders through dividends ($68M) and share repurchases ($115M).
OpenText announced an expansion of its Business Optimization Plan, expecting to incur $200 million in additional costs. The plan aims to generate annual savings of $490-550 million through workforce reduction of approximately 2,000 positions and facility consolidation. The company also launched its new Titanium X platform (CE 25.2) with enhanced AI capabilities.
OpenText (NASDAQ: OTEX) showcases successful customer implementations of its Information Management solutions, highlighting partnerships with BMO and Catalent Pharma Solutions. BMO has scaled its information management capabilities across 20 business domains, serving 13,000 users with over 60 workflows using OpenText Content Management. The 18-year partnership has enhanced collaboration and compliance across the bank.
Catalent is advancing its digital transformation by implementing OpenText's cloud solutions to achieve paperless manufacturing and centralized data management across global sites. The partnership enables Catalent to meet regulatory requirements within a secure private cloud environment.
OpenText recently released Cloud Editions 25.2, focusing on process automation and creating a new digital labor force to enhance productivity. The company will host OpenText World 2025 in Nashville from November 17-20, 2025.
OpenText (NASDAQ: OTEX, TSX: OTEX) has announced it will release its third quarter fiscal year 2025 financial results on Wednesday, April 30, 2025 after market close. The company will host an earnings call webcast the following morning on Thursday, May 1, 2025 at 8:30 a.m. ET / 5:30 a.m. PT.
The 60-minute earnings call will feature CEO & CTO Mark J. Barrenechea and EVP & CFO Chadwick Westlake, who will present from the OpenText Investor Relations website. Investors can access the webcast through the company's IR website at investors.opentext.com.
OpenText (NASDAQ: OTEX) has launched Project Titanium X with Cloud Editions 25.2 (CE 25.2), representing a major advancement in enterprise information management. The platform combines process automation, data management, security, and AI capabilities.
Key features include:
- Content Cloud with Content Management for Guidewire for insurance processes
- Security Cloud with Core Threat Detection & Response, improving detection accuracy from 10% to 80%
- Business Network Cloud featuring Trading Grid Command Center for supply chain operations
- Experience Cloud with GenAI capabilities for content delivery
- DevOps Cloud with new copilot functionality for Java development
The platform offers 99.99% cloud availability, multi-cloud integration across AWS, Google Cloud, and Azure, and comprehensive AI support through OpenText Aviator, which can leverage various LLM services.
OpenText (NASDAQ: OTEX) announced its upcoming Information Reimagined Summits in London (April 1, 2025) and Munich (April 3, 2025), focusing on Business AI, Business Clouds, and Business Security. CEO Mark J. Barrenechea will keynote both events, which will showcase transformative solutions and new threat detection platforms.
The summits will feature industry leaders and customer success stories from companies like Aldi Stores, BAE Systems, Zurich Airport, and Bayer AG. Key topics include AI adoption, cyber threat evolution, digital transformation, and IT service management. OpenText will detail its strategy to achieve $1 billion in savings over the next decade through innovation and IT optimization.
Notable speakers include neuroscientist Dr. Henning Beck and Sue Daley, OBE, from TechUK. OpenText executives including Savinay Berry, Sandy Ono, and Todd Cione will present at both events.
OpenText (NASDAQ: OTEX) has announced a significant expansion of its share repurchase program, increasing the previously announced Fiscal 2025 normal course issuer bid (NCIB) by US$150 million to US$450 million. The maximum number of Common Shares eligible for repurchase remains at 21,179,064 shares.
The company has already purchased approximately 8.9 million Common Shares for US$258 million since the program's inception. The NCIB will be active from August 7, 2024, to August 6, 2025. OpenText has also established an automatic share purchase plan (ASPP) with its broker, effective March 14, 2025, to facilitate share repurchases during periods when the company would typically be restricted from making purchases.
OpenText (NASDAQ: OTEX) announces its participation at HIMSS 2025 in Las Vegas, showcasing innovative healthcare solutions. The company addresses critical challenges facing healthcare providers, including fragmented communications, paper-based workflows, and cybersecurity threats. According to cited studies, only 53% of healthcare leaders are satisfied with data quality management, while over 70% of centers report staffing shortages.
The company will demonstrate new solutions including:
- OpenText Core Messaging - a CPaaS solution for unified communications across multiple channels
- Process Automation - for streamlined workflows with AI-assisted development
- Fax and Capture solutions - for secure digital transmissions and document management
- Information Archive - for consolidating patient data while maintaining HIPAA compliance
OpenText (NASDAQ: OTEX) has appointed Chadwick Westlake as Executive Vice President and Chief Financial Officer, effective March 5, 2025. Westlake, who previously served as CFO of EQB Inc. and held executive positions at Scotiabank, succeeds Madhu Ranganathan after her seven-year tenure.
The appointment aligns with OpenText's strategic focus on total revenue growth, competitive advantage, margin expansion, free cash flow growth, and upper quartile capital returns. At EQB Inc., Westlake led corporate strategy, development, and financial management, while his previous role at Scotiabank involved leading a global cost transformation program.
Based in Richmond Hill, Ontario, Westlake will contribute to OpenText's next growth phase, leveraging the company's global operating model and focus on customer experiences to drive efficiencies and deliver strong results for Fiscal 2026 and beyond.
OpenText (NASDAQ: OTEX) has launched Webroot Total Protection, a comprehensive cybersecurity solution designed to protect individuals and families' digital lives. The all-in-one platform combines device security, identity protection, VPN, parental controls, and unlimited cloud backup features.
The launch comes amid rising cyber threats, with data breaches exposing 1.7 billion individuals' personal information in 2024, marking a 312% increase from the previous year. According to the 2024 ITRC report, cyberattacks were responsible for 80% of these compromises.
Key features include protection against phishing, malware, and ransomware, identity protection for up to 10 individuals with $1 million fraud expense reimbursement, VPN services, and unlimited cloud backup. The product is launching with a 50% introductory discount off MSRP.
OpenText (NASDAQ: OTEX) has announced the launch of OpenText Core Threat Detection and Response, a new AI-powered cybersecurity solution set for general availability with Cloud Editions 25.2. The solution, available on Microsoft Azure, integrates with Microsoft security tools and features advanced threat hunting capabilities.
The platform addresses both external and insider threats, with the latter costing organizations an average of $16.2 million annually according to the 2023 Cost of Insider Risks Global Report. The solution leverages hundreds of AI algorithms for enhanced detection accuracy and features adaptive learning capabilities that evolve with each organization's unique environment.
Key features include elevated security posture, rapid threat detection and elimination, adaptive learning, simplified deployment with Microsoft integration, and cost prevention measures. The solution is currently available as a release to select customers through an early adopter program.
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