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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...
New FedRAMP authorized solution enhances federal agencies' ability to deliver a seamless total citizen experience WATERLOO, ON , June 14, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company™, today announced it has achieved "fully authorized" status by the Federal Risk and Authorization Management Program (FedRAMP) for its Cloud for Government solution in the United States which now includes OpenText Extended ECM and OpenText AppWorks, two core products within the OpenText Content Cloud portfolio. The FedRAMP program promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security authorization for cloud service offerings.
AI-powered solutions help enterprises add intelligence to information throughout their SAP business processes WATERLOO, ON , June 3, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today showcased a powerful suite of SAP custom solutions with generative AI to revolutionize information management within SAP processes. These new enhanced capabilities enable future knowledge workers using SAP to integrate, search, and apply archived information – while controlling long-term cloud costs, reducing risks, meeting industry-specific compliance rules, and improving worker efficiencies.
WATERLOO, Ontario , May 31, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced that OpenText™ IDOL™ has been named a Leader in The Forrester Wave™: Document Mining and Analytics Platforms, Q2 2024. In their recently published vendor evaluation, Forrester analyzed 14 document mining and analytics providers, using a 25-criterion evaluation to score them.