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: 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.
OpenText (NASDAQ: OTEX) appointed Ayman Antoun as Chief Executive Officer and board member, effective April 20, 2026. Antoun brings 35+ years in enterprise technology, including roles as President of IBM Americas and IBM Canada. James McGourlay will move from Interim CEO to an executive leadership role and P. Thomas Jenkins will return to Chair.
The Board emphasized Antoun's experience in cloud, digital modernization and enterprise AI as central to accelerating revenue growth and shareholder value.
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Nabors (NYSE: NBR) announced the full redemption of its 7.500% Senior Guaranteed Notes due 2028 with a face value of approximately $379 million, redeemed at par on January 15, 2026. As of December 31, 2025, total debt was about $2.5 billion, cash and short-term investments were ~$940 million, and net debt was approximately $1.55 billion, the lowest net leverage since 2008. Net debt fell by ~$366 million in Q4 2025 (about $25 per share) and ~$550 million since December 31, 2024. Following the redemption long-term debt is ~$2.15 billion, weighted average maturity rose to 5.3 years, and the next debt maturity is in 2029.
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OpenText (NASDAQ: OTEX) announced on January 12, 2026 that it completed the divestiture of its on-premise solution eDOCS (part of its Analytics portfolio) to NetDocuments for $163 million in cash before taxes, fees and other adjustments. The company said it intends to use net proceeds from the sale to reduce outstanding debt and described the transaction as part of a broader effort to divest non-core assets and sharpen focus on its core business to accelerate long-term value creation.
Open Text (NASDAQ: OTEX) will release its second quarter fiscal 2026 financial results on Thursday, February 5, 2026 at approximately 4:00 p.m. ET. The company will host a 60-minute earnings call and webcast on the same day at 5:00 p.m. ET / 2:00 p.m. PT, led by Executive Chair & Chief Strategy Officer Tom Jenkins, Interim CEO James McGourlay, and EVP & CFO Steve Rai. The live webcast will be accessible via the OpenText Investor Relations website.
Open Text (NASDAQ: OTEX) confirmed the election of its board nominees at the virtual annual meeting held Dec 9, 2025. Shareholders holding 216,406,723 common shares (85.84% outstanding) were present or represented by proxy. All listed nominees were elected by ballot to serve until the next annual meeting or until their successors are appointed.
Detailed vote totals for each director are provided, including vote percentages ranging from 87.40% to 99.70%.
OpenText (NASDAQ: OTEX) was named a Leader in the IDC MarketScape: Worldwide Analytical Databases 2025 (doc #US52973925, November 2025), announced Dec 2, 2025. The recognition cites OpenText Analytics Database (formerly Vertica) for petabyte-scale real-time analytics, in-database machine learning, strong security controls, and reduced data duplication.
IDC highlighted three strengths: enterprise-scale performance via a massively parallel columnar engine, advanced compression and storage efficiency that lowers TCO, and deployment flexibility across on-premises, private cloud, and major public clouds including containerized Kubernetes deployments.