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.
Open Text Corporation reports news about enterprise data management, secure information management for AI, cloud services and capital allocation. Company updates commonly cover financial results, cloud revenue and annual recurring revenue, sovereign cloud offerings for regulated European organizations, and partnerships that place OpenText products on hyperscaler cloud infrastructure.
OpenText news also includes portfolio actions such as the completed Vertica divestiture, capital allocation through share repurchase authorizations and dividends, leadership changes, and research on AI governance and cybersecurity foundations.
OpenText (NASDAQ/TSX: OTEX) completed the divestiture of its non-core structured data analytics platform Vertica to Rocket Software for US$150 million in cash, before taxes, fees, and other adjustments.
OpenText plans to use the net proceeds to reduce outstanding debt and focus investment on core businesses.
OpenText (OTEX) reported Q3 FY2026 results for the quarter ended March 31, 2026. Total revenues were $1.283B (+2.2% Y/Y) with cloud revenue $493M (+6.6% Y/Y). GAAP net income was $173M (+86.0% Y/Y) and adjusted EBITDA was $438M (34.1% margin). The Board declared a $0.275 quarterly dividend and repurchased/cancelled 9.7M shares.
OpenText (NASDAQ: OTEX) named James McGourlay President, Chief Client Officer, effective April 20, 2026. McGourlay moves from Interim CEO to lead global client experience, professional services and renewals, reporting to Ayman Antoun, CEO as of April 20, 2026.
The appointment underscores a focus on client outcomes, accelerated cloud migration and OpenText's positioning for data and security in enterprise AI. Paul Duggan will step down as President, Chief Customer Officer and remain as Executive VP, Special Advisor until his departure on July 1, 2026.
OpenText (NASDAQ: OTEX) announced a strategic partnership with S3NS and Google Cloud on April 13, 2026 to deliver a hybrid European sovereign cloud based in France. The offering combines OpenText content platforms with S3NS PREMI3NS SecNumCloud qualifications to meet GDPR, SecNum 3.2 and local data residency rules.
The initial suite includes dedicated private cloud for sensitive workloads, Sovereign SaaS Core Archive for SAP solutions with European residency, and a hybrid model to leverage hyperscaler innovation while keeping regulated data under regional control.
OpenText (NASDAQ: OTEX) will make several enterprise data and AI solutions available on the AWS European Sovereign Cloud, expanding its hybrid sovereign cloud footprint into the EU on April 13, 2026. The move supports EU data residency, operational autonomy, and AI‑ready content management while leveraging AWS infrastructure and services.
Products including Content Management, Documentum Content Management, Core Application Security, and Core Service Management will run within EU-located infrastructure to help regulated organizations meet governance requirements.
OpenText (NASDAQ: OTEX) announced a preliminary Q3 FY2026 revenue expectation of approximately US$1.28 billion and said it will release full third-quarter results on Thursday, May 7, 2026 at about 4:00 p.m. ET. The company will host an earnings webcast and call at 5:00 p.m. ET the same day.
Ayman Antoun will begin as chief executive officer on April 20, 2026 and will participate in the May 7 earnings call alongside interim CEO James McGourlay and CFO Steve Rai. The webcast is accessible via the OpenText investor relations website.
OpenText (NASDAQ: OTEX) and Ponemon released a global report on March 23, 2026, finding rapid GenAI adoption but weak security and governance foundations.
Key findings: 52% of enterprises have fully or partially deployed GenAI; 79% lack full AI maturity in cybersecurity; only 41% have AI-specific data privacy policies. The study surveyed 1,878 IT and security practitioners worldwide.
OpenText (NASDAQ: OTEX) increased its Fiscal 2026 share repurchase program from US$300 million to US$500 million, authorizing purchases for cancellation under a normal course issuer bid (NCIB). The maximum share count remains 24,906,456 and the NCIB runs through August 11, 2026.
As of January 31, 2026, the company purchased approximately US$190 million of common shares in Fiscal 2026, including about 5 million shares for ~US$165 million cancelled since the NCIB began.
OpenText (NASDAQ: OTEX) reported Q2 FY2026 results: Total revenue $1.327B (-0.6% Y/Y), Cloud revenue $478M (+3.4% Y/Y), ARR $1.060B (+0.7% Y/Y), adjusted EBITDA $491M (37.0% margin), GAAP net income $168M and GAAP EPS $0.66. The Board declared a $0.275/share cash dividend; Ayman Antoun named CEO effective April 20, 2026. OpenText completed sale of eDOCS for $163M and announced divestiture of Vertica for $150M.
OpenText (NASDAQ: OTEX) agreed to sell Vertica to Rocket Software for US$150 million in cash, subject to customary adjustments and approvals. Vertica generated approximately US$80 million in annual revenue in fiscal 2025. The company intends to use proceeds to reduce outstanding debt and refocus on core cloud products for enterprise AI. The transaction is expected to close during fiscal year 2026, with software, customer contracts, services and employees transferring to Rocket Software.