Open Text Corp Stock Price, News & Analysis

OpenText (NASDAQ: OTEX), a leader in information management solutions, announced that Eurowings GmbH has implemented OpenText Exceed TurboX for enhanced remote access to critical flight operations applications. This shift, prompted by pandemic challenges, ensures secure connectivity and improved efficiency in managing real-time operational changes. The solution allows users to manage applications remotely, facilitating uninterrupted productivity and operational continuity.

Open Text Corporation (NASDAQ: OTEX) will release its fourth quarter and fiscal year 2021 financial results on August 5, 2021, at 4:00 p.m. ET. A teleconference call hosted by CEO Mark J. Barrenechea and CFO Madhu Ranganathan will follow at 5:00 p.m. ET, where they will discuss the financial results. Investors can join the call by dialing in about 10 minutes early. A replay will be accessible from 7:00 p.m. ET on the same day until August 19, 2021. For more details, visit Open Text's investor page.

OpenText has announced expanded support for its solution extensions for SAP applications in the Asia Pacific Japan (APJ) region, leveraging Google Cloud data centers in Singapore, India, and Japan. This partnership enhances cloud-deployed information management solutions tailored for the SAP ecosystem, addressing regional compliance and data sovereignty. The offerings include OpenText Extended ECM for SAP Solutions and Core Archive for SAP Solutions, among others. The initiative seeks to meet the growing demand for effective cloud-based solutions in APJ.

OpenText (NASDAQ: OTEX, TSX: OTEX) announced that Financiera de Desarrollo Nacional (FDN) in Colombia has significantly reduced its contracting process from six months to just five days using OpenText Extended ECM for SAP Solutions. This automation led to a 45% decrease in the time required to create requests and a 53% reduction in requests for physical folders. FDN, which finances Colombia's essential infrastructure, sought this solution to enhance compliance and efficiency amid increasing demand for projects. The implementation is seen as vital for supporting Colombia's economic growth.

OpenText (NASDAQ: OTEX) has appointed Ann M. Powell to its board of directors. Ms. Powell, currently the EVP and Global Chief Human Resource Officer at Bristol Myers Squibb, brings over 30 years of experience in talent and culture across various industries. Her appointment is expected to enhance the board's effectiveness with her focus on fostering a diverse and inclusive workforce. This move aligns with OpenText's strategic goal of enriching leadership perspectives.

OpenText (NASDAQ: OTEX) has been recognized as a leader in The Forrester Wave™: Content Platforms, Q2 2021, receiving top scores for integration, interoperability, and lifecycle management. This recognition highlights OpenText's commitment to employee productivity and cloud solutions, particularly through its Extended ECM platform and recently launched Core Content SaaS offering. The company emphasizes its comprehensive cloud content platforms, catering to regulated industries with flexible deployment options, enabling organizations to effectively manage their information assets.

OpenText (NASDAQ: OTEX) announced that Old World Industries (OWI) modernized their accounts payable processes using OpenText Vendor Invoice Management for SAP® Solutions. This new implementation led to a 33% increase in processing speed during a time when remote work became essential due to the pandemic. OWI's move to digitize their AP processes not only streamlined operations but significantly reduced manual data entry, allowing staff to focus on more valuable tasks. This transformation exemplifies the impact of automation in maintaining efficient business continuity.

OpenText (NASDAQ: OTEX) announced a remarkable 200% growth in cloud subscriptions for its solution extensions for SAP applications over the past twelve months, now reaching almost 2 million users globally. This growth underscores the company's commitment to digital transformation, particularly during the ongoing global pandemic. OpenText, as a platinum sponsor of the SAPPHIRE NOW conference, emphasizes its collaboration with SAP to enhance productivity and business agility. The strategic partnership with Google Cloud and Microsoft Azure further expands their cloud service offerings in regions like Brazil, the Middle East, and South Africa.