Open Text

Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.

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OpenText managed security service completely  eliminates false positives and promotes cyber resilience WATERLOO, ON , Nov. 9, 2022 /PRNewswire/ -- Today, OpenTextTM  (NASDAQ: OTEX), (TSX: OTEX), a global leader in information management, announced its impressive results in the first of its kind, MITRE Engenuity ATT&CK® Evaluations for Managed Services including both Managed Detection and Response (MDR) and Managed Security Services Providers (MSSP). The evaluation was designed to provide transparent and impartial insights into how MDR and MSSPs capabilities perform and analyze adversary behavior.

OpenText next level Managed Detection and Response offerings recognized in the 2022 MITRE Engenuity ATT&CK Evaluations for Managed Services

SMBs Concerned About Tightening Security Budgets Despite Increased Risks WATERLOO, ON , Nov. 7, 2022 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX), today released results of the OpenText Security Solutions 2022 Global Small-Medium Business (SMB) Ransomware Survey. Findings show growing concern about ransomware attacks, the impact of geopolitical tensions and rising inflation rates.

OpenText Security Solutions Global SMB Ransomware Survey Reveals Heightened Worry about Increased Cyber Attacks Due to Geopolitical Tensions

Open Text Corporation (NASDAQ:OTEX ) Q1 2023 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Harry Blount - Senior Vice President, Investor Relations Mark Barrenechea - Chief Executive Officer and Chief Technology Officer Madhu Ranganathan - Executive Vice President and Chief Financial Officer Conference Call Participants George Kurosawa - Citi Stephanie Price - CIBC Paul Treiber - RBC Capital Markets Richard Tse - National Bank Financial Thanos Moschopoulos - BMO Capital Markets Daniel Chan - TD Securities Operator Thank you for standing by. This is the conference operator.

Open Text Corporation (OTEX) Q1 2023 Earnings Call Transcript

Record Q1 Revenues Powered by Cloud Revenue Growth and Continued Strong Cloud Bookings Fiscal 2023 First Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported ConstantCurrency Reported ConstantCurrency Reported ConstantCurrency $852 $892 $722 $754 $405 $417 +2.4 % +7.1 % +4.4 % +8.9 % +13.5 % +16.9 % Annual Recurring Revenues represent 85% of Total Revenues Total revenues of $852 million, up 2.4% Y/Y or up 7.1% in constant currency Annual recurring revenues of $722 million, up 4.4% Y/Y or up 8.9% in constant currency, a record 85% of total revenues Cloud revenues of $405 million, up 13.5% Y/Y or up 16.9% in constant currency Strong quarterly enterprise cloud bookings(1) of $112 million, up 37% Y/Y Operating cash flows were $132 million and free cash flows(3) were $96 million TTM operating cash flows(2) were $924 million and TTM free cash flows(2)(3) were $821 million GAAP-based net income (loss) of ($117) million including $181 million of pretax unrealized losses on mark-to-market valuations related to derivative transactions in connection with the Micro Focus acquisition Adjusted EBITDA(3) of $304 million, margin of 35.7% and TTM Adjusted EBITDA(2)(3) of $1,246 million, margin of 35.5% GAAP-based diluted earnings (loss) per share (EPS) of ($0.43), Non-GAAP diluted EPS(3) of $0.77 WATERLOO, ON , Nov. 3, 2022 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the fourth quarter ended September 30, 2022. "OpenText demonstrated outstanding execution and delivered record Q1 revenues and enterprise cloud bookings, up 37% Y/Y, amidst a dynamic macro environment," said Mark J.

OpenText Reports First Quarter Fiscal Year 2023 Financial Results

Open Text (OTEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Open Text (OTEX) to Report a Decline in Earnings: What to Look Out for

High scores for flexibility, scalability, support, and ease of use underscore the company's commitment to customer success WATERLOO, ON , Oct. 24, 2022 /PRNewswire/ -- Today,  OpenText™  (NASDAQ: OTEX), (TSX: OTEX), announced it was named amongst the highest ranked leaders in the  2022 GigaOm Radar Report for E-Discovery Solutions . The industry report recognizes the company as having one of the most comprehensive e-discovery solutions on the market, outperforming Relativity, Microsoft, and the other 16 vendors evaluated.

OpenText Named a Leader on the 2022 GigaOm Radar Report for E-Discovery Solutions

B uilding network detection and response capabilities into MAD Security's managed security service  offering protects sensitive government data and provides greater protection and improved response times against cyber threats WATERLOO, ON , Oct. 19, 2022 /PRNewswire/ -- Today, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), a global leader in information management with an extensive security solution portfolio, announced a partnership between OpenText Network Detection & Response (NDR) technology and MAD Security. This joint solution from OpenText and MAD Security will empower customers to cut false positive security alerts significantly and protect sensitive government data against advanced cyber threats.

OpenText partners with MAD Security to improve response time to cyberthreats and shrink the attack surface

Micro Focus International PLC

WATERLOO, ON , Oct. 18, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) confirms that shareholders of Micro Focus International plc (LSE: MCRO) today approved the terms of the recommended all-cash offer by OpenText, through its wholly-owned subsidiary, Open Text UK Holding Limited (Bidco), to acquire the entire issued and to be issued share capital of Micro Focus and (NYSE (ADS): MFGP) as announced on August 25, 2022 (the Acquisition). Micro Focus has announced the voting results today and a copy of the announcement is available at https://www.microfocus.com/en-us/investors.

Micro Focus Shareholders Approve All Cash Acquisition by OpenText

Integration of BrightCloud® Threat Intelligence with NetScaler® security offerings enables customers to reduce risk exposure with real-time IP address inspection WATERLOO, ON , Oct. 12, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the integration of its BrightCloud Threat Intelligence with NetScaler Application Delivery Controller (ADC). The move will provide NetScaler customers with contextual insights and automatically protect against malicious IP addresses to improve their resilience in managing the latest security threats.

OpenText Teams with NetScaler to Deliver Advanced Web Application Protection

Integrations will redefine the future of modern work in the cloud WATERLOO, ON , Oct. 5, 2022 /PRNewswire/ -- Today at OpenText World 2022, OpenText™ (NASDAQ: OTEX), (TSX: OTEX) unveiled plans to integrate OpenText™ Core Content with Google Workspace. The partnership will bring Google Workspace collaboration to the business processes that Core Content supports.

OpenText unveils new integrations and innovations with Google Cloud at OpenText World 2022

Innovations unveiled deliver on the OpenText commitment to elevate every person and organization to gain the information advantage WATERLOO, ON , Oct. 4, 2022 /PRNewswire/ -- Today at OpenText World, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), announces Cloud Editions 22.4 (CE 22.4), a series of impactful new innovations driving forward the company's Project Titanium to deliver seamless complete and integrated information management in the cloud. With strengthened offerings in public and private cloud, CE 22.4 innovations unlock tremendous value for customers, providing them the tools, solutions and trust to help solve their biggest hurdles and excel in a world of accelerated change.

OpenText kicks off OpenText World introducing Cloud Editions 22.4 and Project Titanium

WATERLOO, ON , Oct. 3, 2022 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its first quarter fiscal year 2023 will be released on Thursday, November 3, 2022, at approximately 4:00 p.m. ET. Teleconference Call Mark J.

OpenText to Report First Quarter Fiscal Year 2023 Financial Results on Thursday, November 3, 2022

Analysis Reveals the Emergence of Triple Extortion and a Possible End to the Hacker Holiday WATERLOO, ON, Oct. 3, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the Nastiest Malware of 2022, a ranking of the year's biggest cyber threats. For the fifth year running, OpenText Security Solutions' threat intelligence experts combed through the data, analyzed different behaviors, and determined which malicious payloads are the nastiest.

OpenText Security Solutions Announces Nastiest Malware of 2022

Industry leaders collaborate to enhance transmission, analysis, and integration of healthcare data ST. LOUIS , Sept.

OpenText and Solarity Initiate Strategic Partnership

Ulta Beauty

World's most successful beauty retailer talks business automation at OpenText World 2022 WATERLOO, ON , Sept. 26, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) and ULTA Beauty, the largest beauty retailer in the U.S., are set to discuss digitization of the workforce at the world's largest information management conference, OpenText World 2022.

ULTA Beauty taking steps to modernize its workforce with OpenText Solutions

The world's largest information management conference delivers insights and innovations to gain the information advantage WATERLOO, ON , Sept. 22, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced the programming highlights for the world's largest information management conference, OpenText World 2022, being offered in-person and virtually.

OpenText World 2022 set to Deliver the Ultimate Information Management Experience

Reduce cost and complexity of international trade with OpenText™ Business Network Cloud WATERLOO, ON , Sept. 15, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced its continued dedication to delivering the highest quality e-invoice compliance solutions that is future proof against growing regulatory compliance, country-specific legal requirements and management complexities.

OpenText™ and Staria offer ultra-scalable e-invoicing services for customers

Company announces new initiative to help advance its environmental, social, and governance goals over the next several decades WATERLOO, ON , Sept. 13, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the launch of the OpenText Zero-In Initiative, the company's guiding framework to achieving global impact goals related to its Environmental, Social, and Governance (ESG) commitments and programs.

OpenText Zeroes-In on Ambitious ESG Targets and Programs

Slowed growth already weighed on Open Text stock before the 15% crash last week. The recent crash was triggered by an announcement of a large acquisition.

Why Open Text Stock Crashed 15% Since Last Week

OpenText (OTEX) announced it is buying Micro Focus for $6 billion. These are the details.

Why Open Text (OTEX) Is Buying Micro Focus (MFGP) for $6 Billion

Shares of Micro Focus International plc (LON: MCRO) nearly doubled this morning after Open Text Corp (NASDAQ: OTEX) said it will buy the software and information technology company for $6.0 billion.

This British cloud stock nearly doubled on Friday: what happened?

Information management company Open Text is acquiring software firm Micro Focus International in an all-cash deal totaling approximately $6 billion, including debt. Open Text will fund the deal using $1.3 billion available cash, $4.6 billion in new debt and $600 million from an existing credit line, according to a Friday (Aug. 26) press release.

Open Text Strikes $6B Acquisition Deal for Micro Focus

Open Text Corp. OTEX, +0.08% shares sank 5% in after-hours trading Thursday after the company announced plans to acquire British software company Micro Focus MFGP, +0.97% at a valuation of $6 billion. Open Text said it would pay 532 pence for each share of Micro Focus, roughly double the stock's closing price on the London Stock Exchange, and assume the company's debt.

Open Text plans to acquire Micro Focus at $6 billion valuation

Alliance Data Systems

Creating One of the Largest Software & Cloud Businesses Enabling Digital Transformations Expands Information Management Market Opportunity to $170 Billion WATERLOO, ON , Aug. 25, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that it has reached agreement on the terms of a recommended all-cash offer to be made by Open Text Corporation (the Company), through its wholly-owned subsidiary, OpenText UK Holding Limited (Bidco), to acquire the entire issued and to be issued share capital of Micro Focus (LSE: MCRO) and (NYSE (ADS): MFGP) at a price of 532 pence per share (the Acquisition), implying an enterprise value of approximately $6.0 billion on a fully diluted basis. The terms and conditions of the Acquisition are set out below and in a joint announcement released by OpenText and Micro Focus (the Announcement) in the UK today under Rule 2.7 of the UK City Code on Takeovers and Mergers (the Takeover Code).

OpenText to Acquire Micro Focus International plc

ATLANTA--(BUSINESS WIRE)--BigCart, a FinTech company that provides a broad portfolio of innovative, secure B2B electronic payment solutions, today announced a strategic partnership with OpenText (NASDAQ: OTEX), (TSX: OTEX), a leader in information management, on a globally integrated supply chain information platform for small to medium-sized companies and middle-market suppliers. BigCart's payment solutions will now be offered to the OpenText Business Network, giving more than 1.1 million trad

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