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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Open Text's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Open Text's position in the market.
News
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OpenText (NASDAQ: OTEX) and X12 Renew Commercial Use Partner License Agreement to Enhance Supply Chain Efficiency
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End-of-Day
-1.45%
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OpenText (OTEX) announces OpenText World Europe 2024, focusing on AI, cloud technologies, and trust in data governance. The event aims to empower organizations with innovative solutions to drive growth and enhance employee capabilities.
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0.31%
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OpenText (OTEX) announces participation at Pink24 and HIMSS 2024 to showcase Aviator AI in IT Service Management and healthcare technology. Aviator aims to transform support services, enhance patient care, and streamline revenue cycles.
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1.85%
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OpenText's IT Sustainability Report reveals that 97% of companies have adopted or plan to adopt sustainability initiatives, but only 42% are in the early stages. IT departments are crucial in achieving corporate sustainability goals, facing challenges due to a lack of innovative tools and expertise.
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-1.95%
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OpenText joins the U.S. Government cybersecurity initiative, JCDC, to enhance cyber defense capabilities. The company's threat intelligence solutions aim to strengthen security practices and protect sensitive data from threat actors.
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-4.17%
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OpenText (OTEX) has received prestigious Environmental, Social, and Governance (ESG) recognitions and achievements, including being a constituent of the Dow Jones Sustainability North America Index (DJSI) for the second year and receiving a second consecutive 'AAA' rating from MSCI. The company's long-term commitment to sustainability is reflected in its efforts to achieve net zero by 2040, 50/50 gender parity in key roles, and alignment with six of the United Nation's Sustainable Development Goals (UN SDGs). OpenText has also been recognized on various lists and received several awards, demonstrating its path to inclusive and sustainable growth.
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-1.02%
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OpenText (NASDAQ: OTEX) announces the launch of the second generation of its advanced cybersecurity auditing technology, Fortify Audit Assistant, at the inaugural OpenText Security Summit 2024. The new technology aims to address the increasing complexity and threats in multi-cloud environments, offering a proactive approach to security at the beginning of the software development lifecycle. It leverages machine learning to automate security, improve accuracy, and reduce false positives, ultimately increasing developer efficiency. Major updates include accounting for model drift, flexibility to learn from a company's unique environment, expansive model expertise via language specification, and additional data and context for improved efficacy of audits.
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-2.74%
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OpenText CEO & CTO, Mark Barrenechea, is set to deliver a keynote, highlighting the company's latest innovations and strategic direction. OpenText is focused on driving growth through digital transformation and cloud services, with a strong emphasis on customer-centric solutions. The keynote will cover OpenText's commitment to innovation, partnerships, and its vision for the future.
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-2.31%
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OpenText Corporation (OTEX) reported record total revenues of $1.535 billion, up 71% year-over-year, with annual recurring revenues of $1.146 billion, up 58% year-over-year. Cloud revenues were $450 million, up 10.1% year-over-year. The company also announced a definitive agreement to divest the Application Modernization and Connectivity business to Rocket Software for $2.275 billion. OpenText's adjusted EBITDA was $566 million, with a margin of 36.9%, and the company achieved operating cash flows of $351 million and free cash flows of $305 million. The company declared a cash dividend of $0.25 per common share and demonstrated strong business execution in Q2.
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-2.31%
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OpenText (OTEX) announced the release of its Cloud Editions 24.1, featuring OpenText Aviator innovations, showcasing the company's commitment to advancing its opentext.ai vision. The new enhancements and integrations demonstrate the evolution of the strategic approach to applying AI to business workflows. Gartner predicts significant growth in AI adoption, with 30% of major organizations leaning on AI-generated personalized content by next year and specialized generative AI systems automating 20% of routine tasks by 2026.
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-0.38%
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Open Text Corp
Nasdaq:OTEX
OTEX Rankings
OTEX Stock Data
8.15B
261.77M
2.23%
77.66%
2.07%
Computer Systems Design Services
Professional, Scientific, and Technical Services
United States of America
ONTARIO CANADA
About OTEX
opentext, the information company™, a market leader in enterprise information management software and solutions, enables intelligent and connected enterprises by managing, leveraging, securing and gaining insight into enterprise information, on-premises or in the cloud. for more information about opentext (nasdaq/tsx: otex), visit www.opentext.com.