OTEX Stock Recent News

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.

WATERLOO, ON, July 9, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced the appointment of Annette Rippert to its board of directors. Ms. Rippert is a seasoned executive having served in key senior leadership roles at Accenture, including most recently as its Group Chief Executive – Strategy & Consulting until her retirement from Accenture.

Shares of Open Text Corp. OTEX rose 0.5% in premarket trading Wednesday, after the enterprise software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at saving about $200 million a year. The company said it expect to book $60 million in restructuring charges, which will by substantially recognized in the fiscal first quarter of 2025, which runs through Sept. 30. The company added that the optimization plan also included a reinvestment of $50 million a year for about 800 new positions in its sales, professional services and engineering segments. In total, the company expects...