Open Text Corp Stock Price, News & Analysis

OpenText has unveiled Cloud Editions 22.4 (CE 22.4) at OpenText World, enhancing its commitment to integrated information management in the cloud. This release is part of Project Titanium, offering innovations aimed at improving customer engagement and operational efficiency. Key features include advancements in Customer Experience Management and Digital Experience Management, along with integrations to Microsoft and Google services. The updates aim to empower organizations in their digital transformation journey, addressing critical business and compliance needs.

Open Text Corporation (NASDAQ: OTEX) is set to release its first quarter fiscal year 2023 financial results on November 3, 2022, at 4:00 p.m. ET. A teleconference will follow at 5:00 p.m. ET, hosted by CEO Mark J. Barrenechea and EVP/CFO Madhu Ranganathan. Investors can join by dialing in 10 minutes early. The call will be available for replay starting that evening. Additionally, Open Text World 2022 is scheduled from October 4-6 in Las Vegas, welcoming institutional investors and analysts.

OpenText (NASDAQ: OTEX) announced the 'Nastiest Malware of 2022', identifying key cyber threats like Emotet and the new triple extortion tactic employed by LockBit. There was an alarming 1100% increase in phishing incidents in early 2022 compared to the previous year, signaling a potential end to the 'hacker holiday'. The report emphasizes that no individual or business is safe from evolving malware threats, and organizations must adapt continuously to combat these risks.

On September 28, 2022, OpenText (NASDAQ: OTEX) and Solarity announced a strategic partnership to enhance healthcare data integration. The collaboration aims to streamline the transmission and analysis of clinical data through Solarity's intelligent automation platform and OpenText's digital fax solutions. This partnership will enable healthcare providers to improve clinical decision-making by automating data transmission to electronic health records (EHRs) efficiently. The integration is set for release by December 2022, promising to mitigate costs and improve patient outcomes.

OpenText (NASDAQ: OTEX) and ULTA Beauty discuss workforce digitization at OpenText World 2022. The partnership aims to streamline HR processes, utilizing OpenText Extended ECM for SAP SuccessFactors. ULTA Beauty's efforts in digitizing operations are essential for adapting to post-pandemic demands, enhancing internal processes, and ensuring secure storage of HR information in the cloud. The event will feature discussions led by Mark J. Barrenechea and Mike Savage, highlighting how technology facilitates business evolution.

OpenText (NASDAQ: OTEX) announced programming highlights for OpenText World 2022, the largest information management conference, taking place from October 4–6 at The Venetian Hotel, Las Vegas. Keynote speakers include CEO Mark J. Barrenechea and climber Alex Honnold. The event focuses on digital capabilities, hybrid work, and information security. It features over 50 sessions, covering topics like digital forensics and enterprise investigations. Registration is now open, showcasing OpenText's commitment to leading the conversation on information management and innovation.

Open Text Corporation (NASDAQ: OTEX) announced that all 11 director nominees were re-elected during its virtual Annual Meeting of Shareholders held on September 15, 2022. A total of 225,160,163 common shares, representing 83.45% of outstanding shares, were present or represented by proxy. Notable vote percentages included Mark J. Barrenechea receiving 97.91% of votes in favor while Deborah Weinstein garnered 83.65%. Further details regarding other voting matters are available in the Report of Voting Results filed on September 15, 2022.

OpenText (NASDAQ: OTEX) announced its ongoing commitment to providing advanced e-invoice compliance solutions to enhance international trade efficiency. Partnering with Staria, a leading financial administration services provider, OpenText enables businesses to automate invoicing processes while ensuring compliance with local regulations. Staria processes over 64,000 invoices monthly and aims for €60m in revenue, leveraging OpenText's scalable Business Network Cloud. This collaboration focuses on simplifying financial operations and improving cash flow for expanding enterprises.