Open Text Corporation·Technology

On May 18, 2026, Open Text Corp (OTEX) shares rose 5.0% to $23.81. The stock has experienced a 52-week range of $20.00 to $39.90, reflecting considerable volati

WALTHAM, Mass., May 11, 2026 (GLOBE NEWSWIRE) -- Rocket Software, Inc. (“Rocket Software”), a global technology leader in modernization software, today announced the completion of its acquisition of Vertica®, an enterprise-grade analytics database platform, from OpenText (NASDAQ: OTEX), (TSX: OTEX).

Transaction advances OpenText's strategy, divesting non-core structured data analytics platform WATERLOO, ON, May 11, 2026 /PRNewswire/ -- Open Text™ Corporation (NASDAQ/TSX: OTEX), a global leader in data management for enterprise AI, today announced the completion of its divestiture of Vertica to Rocket Software Inc., a Bain Capital portfolio company, for US$150 million in cash before taxes, fees, and other adjustments. "This transaction is consistent with our non-core divestiture strategy and our disciplined approach to capital allocation.

Open Text NASDAQ: OTEX used its fiscal third-quarter 2026 earnings call to highlight record cloud metrics, expanding margins, and a steady full-year revenue outlook, while newly appointed CEO Ayman Antoun outlined early priorities focused on clients, execution, and building an organic growth plan. Get Open Text alerts:Sign UpNew CEO outlines priorities centered on clients, partners, and execution Antoun, speaking on his 14th working day as CEO, said his near-term focus is guided by four priorities: “listen,” “learn,” “assess,” and “build.

Open Text Corporation (OTEX) Q3 2026 Earnings Call Transcript

Total Revenues of $1.28B, Cloud Revenue Grows 6.6% Y/Y Delivers Net Income Margin of 13%, Robust Adjusted EBITDA Margin of 34% Ayman Antoun Officially Joins as OpenText CEO effective April 20, 2026 Fiscal 2026 Third Quarter Highlights (in millions)(1) Total Revenues Cloud Revenues Profitability Diluted EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $1,283 $493 $173 $438 $0.70 $1.01 $355 $305 +2.2% Y/Y +6.6% Y/Y 13.5% margin 34.1% margin +100.0% Y/Y +23.2% Y/Y -11.8% Y/Y -18.4% Y/Y WATERLOO, ON, May 7, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the third quarter ended March 31, 2026. "I am delighted to join OpenText at a defining moment for our clients and our industry.
Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform. The company also provides eDiscovery platform that provides forensics and unstructured data analytics; OpenText Developer Cloud; key developer API services; AI and analytics that leverages structured or unstructured data; digital process automation solutions, which enables organizations to transform into digital data-driven businesses; and OpenText Digital Experience platform. In addition, it offers customer support programs, including access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets; and consulting and learning services relating to the implementation, training, and integration of its licensed product offerings, as well as cloud services. The company serves organizations, enterprise and mid-market companies, public sector agencies, small and medium-sized businesses, and direct consumers in Canada, the United States, the United Kingdom, Germany, rest of Europe, the Middle East, Africa, and internationally. It has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.
Technology
Software - Application
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1996-01-24
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