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Open Text Corp - OTEX STOCK NEWS

Welcome to our dedicated news page for Open Text (Ticker: OTEX), a resource for investors and traders seeking the latest updates and insights on Open Text.

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.

Rhea-AI Summary
OpenText World 2023 announced its full roster of workshops and business solution focus areas, showcasing integrations and co-innovated solutions with sponsors including Google Cloud and Deloitte. The event will emphasize AI and practical solutions for businesses to level up their data and information potential. OpenText.ai and Aviator Foundations will explore how AI can supercharge data. The event will also offer specialized labs for customer feedback and product exploration. OpenText World 2023 is a hybrid event hosted in Las Vegas from October 11-12.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
AI
-
Rhea-AI Summary
OpenText announces programming highlights for OpenText World 2023, a conference exploring AI and Information Management
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
Tags
AI
-
Rhea-AI Summary
OpenText appoints Shannon Bell as Chief Digital Officer to lead digital and AI systems and data platforms. The company aims to accelerate transformative value to customers with new Cloud Editions, AI capabilities, and Micro Focus business areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
Tags
management
Rhea-AI Summary
OpenText expands partnership with Google Cloud to deliver AI-powered integrations that boost productivity and transform customer experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
partnership
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News
Rhea-AI Summary
OpenText acquires KineMatik for automated Business Process and Project Management Solutions integrated with Content Cloud business
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.43%
Tags
none
-
Rhea-AI Summary
OpenText Corporation announces amendment to its term loan facility due 2030, resulting in a reduction of the applicable interest rate margin by 75 basis points. The company's borrowings under the Term Loan currently bear a rate of interest equal to Term SOFR plus the SOFR adjustment and applicable margin of 2.75%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.12%
Tags
AI
-
Rhea-AI Summary
Open Text Corporation (NASDAQ: OTEX) reports record total revenues of $4.5 billion with 28% growth in fiscal 2023. The annual recurring revenues represent 81% of total revenues, with cloud revenues of $1.7 billion. The company also achieved 10 consecutive quarters of cloud and ARR organic growth in constant currency. OpenText CEO & CTO, Mark J. Barrenechea, highlighted the exceptional results and the mission to empower individuals and organizations to achieve the Information Advantage. The company also announced opentext.ai and OpenText Aviator™, their vision and initial AI products, for the customer's AI journey.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.12%
Tags
-
Rhea-AI Summary
OpenText announces the release of OpenText Cloud Editions 23.3, integrating AI and analytics capabilities. The innovations aim to help customers interconnect and exchange insights across clouds to learn, innovate, and grow faster. Key features include advanced analytics at unlimited scale, enhanced collaboration through OpenText Documentum for Healthcare and OpenText Core for Google Workspace, and meeting security and compliance standards with OpenText Fortify on Demand's FedRAMP Authorization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
conferences earnings
Open Text Corp

Nasdaq:OTEX

OTEX Rankings

OTEX Stock Data

9.57B
261.77M
2.23%
77.66%
2.07%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
Canada
Waterloo

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.