OTEX Stock Recent News

Advanced analytics, technology-assisted review, and generative AI empowers legal teams to be more proactive, productive, and powerful  WATERLOO, ON , Aug. 8, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) unveiled its OpenText Axcelerate with Aviator, a groundbreaking innovation to its eDiscovery platform, recently enhanced in the company's Cloud Editions 24.3 product release. Designed for legal professionals, Axcelerate with Aviator elevates legal professionals through the power of Large Language Models (LLMs) to drive data-driven insights, mitigate risks, and lower eDiscovery costs.

Open Text Corporation (NASDAQ:OTEX ) Q4 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Harry Blount - SVP, IR Mark Barrenechea - Chief Executive Officer, Chief Technology Officer and Vice Chair Madhu Ranganathan - President, CFO and Corporate Development Todd Cione - President and Worldwide Sales Paul Duggan - President and Chief Customer Officer Muhi Majzoub - Executive Vice President and Chief Product Officer Sandy Ono - Chief Marketing Officer Shannon Bell - CDO and CIO Conference Call Participants Raimo Lenschow - Barclays George Kurosawa - Citi Thanos Moschopoulos - BMO Capital Markets Samad Samana - Jefferies Paul Treiber - RBC Capital Markets Stephanie Price - CIBC Richard Tse - National Bank Financial Adhir Kadve - Eight Capital Operator Thank you for standing by. This is the conference operator.

Open Text (OTEX) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.91 per share a year ago.

– Delivers Total Annual Revenues of $5.8 Billion with 29% Growth – – Announces New $300 Million Share Repurchase Program – – Increases Annualized Dividend By 5% – Fiscal 2024 Annual Highlights Y/Y Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $5,770 $5,729 $4,534 $4,506 $1,821 $1,816 +28.6 % +27.7 % +25.4 % +24.6 % +7.1 % +6.8 % Annual Recurring Revenues represent 79% of Total Revenues     "OpenText delivered solid Fiscal 2024 financial results with total revenues of $5.8 billion, representing a 29% year-over-year growth, we grew organically, and delivered $2 billion in Adjusted EBITDA Dollars, or 34%. Looking ahead into Fiscal 2025, we are focused on extending our Information Management competitive advantage, expanding margin, delivering a record year of capital return with our new $300 Million Share Repurchase program, and increasin

As the earnings season unfolds, emerging tech stocks are capturing increased attention. While mega- and large-cap tech stocks propelled markets to record highs in the first half of 2024, they now face challenges, creating an opening for the next generation of tech innovators.

Investors need to pay close attention to Open Text (OTEX) stock based on the movements in the options market lately.

New cloud, security, AI – integrated product innovations let the machines do the work to elevate human potential WATERLOO, Ontario , July 16, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced its latest groundbreaking product innovations with Cloud Editions (CE) 24.3. This release represents a significant leap forward in integrating advanced information management capabilities, trusted cloud solutions, robust security measures, and cutting-edge artificial intelligence (AI) to optimize data performance for simpler, but superior, results.

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Hackathon to drive innovation and inspire developers to make a difference with their skills WATERLOO, ON , July 12, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that its 2024 Hackathon, Hacknosis: Sustainable MedTech, opens July 15, ending on August 15. The main objective of the virtual event is to develop a solution, using at least one OpenText API, that solves challenges in MedTech sustainability, social sustainable design and carbon accounting in technology.

WATERLOO, ON , July 10, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its fourth quarter fiscal year 2024 will be released on Thursday, August 1, 2024, at approximately 4:00 p.m. ET. OpenText to Host Conference Call Webcast Mark J.