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.
Open Text Corporation (NASDAQ: OTEX) reported record fiscal 2022 revenues of $3.5 billion, representing a 3.2% year-over-year increase. The annual recurring revenues reached $2.9 billion, up 4.5%, and cloud revenues hit $1.5 billion, marking a 9.1% rise. Despite strong revenue growth, Q4 showed a 43.6% decline in net income to $102 million, attributed to decreased license sales. Operating cash flows grew to $982 million, while free cash flows increased to $889 million. A quarterly dividend was raised by 10%.
OpenText (NASDAQ: OTEX) has expanded its offerings on Salesforce AppExchange by adding three new solutions, raising its total to six. This includes OpenText Core Content, OpenText Media Management, and OpenText Documentum, all designed to enhance content management and improve efficiency for clients. These solutions allow businesses to manage customer relationships effectively, facilitating integration with Salesforce applications and promoting employee productivity.
Open Text Corporation (NASDAQ: OTEX) announced that its financial results for Q4 and fiscal year 2022 will be released on August 4, 2022 at 4:00 p.m. ET. The company will hold a teleconference at 5:00 p.m. ET on the same day, featuring CEO Mark J. Barrenechea and CFO Madhu Ranganathan. Investors can access the replay after the call from 7:00 p.m. ET on August 4 until 11:59 p.m. on August 18. For more details, visit the investor relations website.
OpenText (OTEX) announced that Christian Blind Mission (CBM) has successfully implemented its Customer Communications Management software, OpenText Exstream, to enhance donor communications globally. This initiative supports CBM's operations, enabling personalized communications for over 500,000 donors and managing over $80 million in annual donations. The cloud solution improves efficiency, allows for seamless adaptation to remote work, and integrates with systems like Salesforce, significantly aiding CBM's digital communication strategy.
OpenText (NASDAQ: OTEX) has formed a partnership with Scheer Group to enhance local support for its information management solutions in the DACH region (Germany, Austria, Switzerland). This collaboration enables Scheer to resell and implement OpenText's Enterprise Content Management and Digital Process Automation technologies, enhancing digital transformation for local customers. The partnership is poised to accelerate migration to SAP S/4HANA, leveraging Scheer's extensive process management expertise.
OpenText (NASDAQ: OTEX) announced Project Titanium at OpenText World EMEA on June 21, 2022, marking a significant advancement in its cloud journey. This initiative aims to enhance integrated information management in the cloud, providing customers with flexibility and reliability. Mark Barrenechea, CEO, emphasized the need for an easy-to-use cloud product suite that supports modern work and digital supply chains. OpenText will prioritize R&D investments in cloud technologies, aiming for releases every 90 days, to foster productivity and compliance.
OpenText (NASDAQ: OTEX) unveiled its Cloud Editions 22.2 at OpenText World EMEA, boosting organizational agility amid disruption. The release emphasizes the importance of information management, enabling businesses to become resilient and efficient. Key features include enhanced integration with Microsoft Teams and new solutions for financial services and healthcare, improving data governance and operational efficiency. OpenText also focuses on security advancements for GDPR compliance and cyber resilience. Overall, CE 22.2 aims to turn information into a strategic advantage for companies.
OpenText (NASDAQ: OTEX) has partnered with the Girl Scouts of Greater Chicago and Northwest Indiana to enhance cyber resilience awareness among families. The initiative aims to teach participants about online dangers and protective measures, including the usage of OpenText's products like Carbonite and Webroot. The program will include a Cyber Resilience patch, focusing on recognizing cyber threats and safe online behaviors. With cyber scams costing Americans nearly $1.2 billion, this effort highlights the importance of security education for future generations.
OpenText (NASDAQ: OTEX) has announced the OpenText World EMEA 2022 event, taking place on June 21-22 at Allianz Arena in Munich. This gathering will feature industry leaders discussing key information management challenges and solutions. CEO Mark J. Barrenechea will address digital fabrics that facilitate organizational growth, while other keynotes will cover automation and sustainability. Guest speakers include executives from SAP and Maersk. Registration is now open, and the event aims to demonstrate OpenText's innovations in information management.
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