OPEN TEXT CORP (OTEX) Open Text Corporation specializes in the creation, development, and distribution of advanced software and comprehensive solutions designed for information management. Its extensive portfolio encompasses vital areas such as content services and a sophisticated business network that facilitates data management both internally and across external boundaries. The company also delivers robust security and protection measures to counter cyber threats, ensure business continuity, and enable effective breach response, including digital investigation, forensic security tools, and specialized OpenText cyber resilience offerings, augmented by popular products like Carbonite and Webroot. At the core of its technology stack is the OpenText Information Management software platform. Other key features include an eDiscovery platform for forensic analysis and unstructured data analytics, the OpenText Developer Cloud providing essential API services, and powerful AI and analytics capabilities for both structured and unstructured data. Furthermore, Open Text offers digital process automation solutions, empowering organizations to evolve into data-driven entities, alongside the OpenText Digital Experience platform. Beyond its software, the company provides comprehensive customer support, offering access to software upgrades, an extensive knowledge base, community discussions, product insights, and an online system for managing trouble tickets. It also delivers expert consulting and training services for product implementation, integration, and user education, coupled with scalable cloud services. Serving a diverse global clientele that includes large enterprises, mid-market firms, government agencies, small and medium-sized businesses, and individual consumers, Open Text maintains a significant international presence. Its operations span Canada, the United States, the United Kingdom, Germany, the wider European region, the Middle East, Africa, and various other international markets. The company fosters strategic alliances with industry leaders such as SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, and Salesforce.com Corporation, as well as major consulting and IT services providers like Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. Open Text Corporation was established in 1991 and maintains its headquarters in Waterloo, Canada.
Sector: Services-Computer Integrated Systems Design
Industry: Software - Application
Open Text Corporation NASDAQ:OTEX Technology · Software - Application
CLOSED · Nov 6 $24.85 CLOSED · Nov 6 Prev close $26.12 Close $24.85 AH close $24.80 VOL 2.12M $ Vol $53.07M RVOL 1.41x
Mkt Cap $6B
VOL 2.12M sh
$ Vol $53.07M
RVOL 1.41×
Div Yield 4.45%
Press Release ● Major ⚠ 3
OpenText Reports First Quarter Fiscal Year 2027 Financial Results
OpenText reported Q1 FY27 total revenues of $1.237 billion, down 4.0% year-over-year, with GAAP EPS of $0.64 (+10.3%) and flat non-GAAP EPS of $1.05.
The bright spots were core metrics: Core Revenues grew 2.4%, Core Cloud Revenues rose 11.2%, and cloud revenue growth hit its 23rd consecutive quarter, while free cash flow jumped 36.8% to $139 million.
Management highlighted a completed $1.0 billion senior secured notes refinancing and a $300M tender-offer paydown, cutting debt by roughly $949 million over twelve months and bringing net leverage to 2.55x.
The board declared a $0.28 quarterly dividend, and an Investor Day on February 10, 2027 will detail the Enterprise Assessment and forward financial framework.
• 3d ago AI analysis › Press Release
OpenText to Report First Quarter Fiscal Year 2027 Financial Results on Thursday, November 5, 2026
OpenText announced it will release first quarter fiscal year 2027 financial results before market open on Thursday, November 5, 2026.
The earnings call will be hosted at 8:00 a.m. ET the same day by CEO Ayman Antoun and CFO Steve Rai, with a 60-minute webcast available on the OpenText Investor Relations website.
This is a scheduling notice only, with no results or guidance disclosed.
• 1mo ago AI analysis › Press Release ⚠ 1
OpenText Completes $1.0 Billion Senior Secured Notes Offering
OpenText closed a $1.0 billion senior secured notes offering split into $500 million of 6.700% notes due 2031 and $500 million of 7.150% notes due 2033.
Proceeds plus cash on hand will redeem the full $1.0 billion of 6.900% notes due 2027 and fund a tender offer of up to $300 million of 3.875% notes due 2028, both settling October 2, 2026.
The company also amended its revolver to extend maturity from December 2028 to October 2031, pushing out its nearest debt maturities.
• 1mo ago AI analysis › Press Release ⚠ 1
OpenText Announces Pricing Terms and Results of Cash Tender Offer
OpenText announced pricing terms and results of its tender offer to buy back up to $300 million of its 3.875% Senior Notes due 2028, with holders tendering $697.6 million — roughly 2.3x the cap.
Because the offer was oversubscribed, accepted bonds are subject to a proration factor of 43.047752%, and holders receive $981.71 per $1,000 principal plus accrued interest, based on a +50bp spread and 4.773% reference yield.
Settlement is expected October 2, 2026, funded by a concurrent senior secured notes offering closing October 1 plus cash on hand, which will also fund the full redemption of the 6.900% Senior Secured Notes due 2027.
• 1mo ago AI analysis › Press Release
OpenText Announces Amendments to its Previously Announced Tender Offer for a Portion of its Outstanding 3.875% Senior Notes due 2028
OpenText amended its tender offer for a portion of its outstanding 3.875% Senior Notes due 2028, reducing the Aggregate Maximum Tender Amount from $450 million to $300 million of principal.
Withdrawal, Price Determination, and Expiration deadlines were each extended to September 30, 2026, with settlement expected October 2, 2026 (T+2). The offer is funded with cash on hand plus proceeds from the previously priced concurrent senior secured notes offering.
RBC Capital Markets and Citigroup are serving as dealer managers; all other terms and conditions, including the Financing Condition, remain unchanged.
• 1mo ago AI analysis › Press Release ⚠ 2
OpenText Announces Pricing of Senior Secured Notes Offering to Redeem its Outstanding 2027 Notes and Fund Tender Offer for a Portion of its Outstanding 2028 Notes
OpenText priced $1.0 billion of senior secured notes -- $500M at 6.700% due 2031 and $500M at 7.150% due 2033 -- expected to close October 1, 2026.
Proceeds plus cash on hand will redeem in full the outstanding $1.0 billion of 6.900% 2027 Notes and fund a tender offer for up to $450 million of 3.875% 2028 Notes.
The refinancing extends the maturity profile but raises coupon costs on part of the stack and reduces cheap 2028 paper, leaving the equity impact largely neutral.
• 1mo ago AI analysis › Press Release
OpenText Announces Senior Secured Notes Offering to Redeem its Outstanding 2027 Notes and Fund Tender Offer for a Portion of its Outstanding 2028 Notes
OpenText has launched a proposed Rule 144A/Regulation S offering of senior secured notes to refinance existing debt.
Net proceeds will redeem the full $1.0 billion of its 6.900% senior secured notes due 2027 and fund a tender offer for up to $450 million of its 3.875% senior notes due 2028, with any remainder for general corporate purposes.
Timing, size, and terms remain subject to market conditions, and the release does not constitute a formal redemption or tender notice.
• 1mo ago AI analysis › Press Release ⚠ 1
OpenText Announces Cash Tender Offer for a Portion of its Outstanding 2028 Notes
OpenText commenced a cash tender offer for up to $450 million of its $900 million outstanding 3.875% Senior Notes due 2028, priced at a fixed spread of 50 basis points over the 4.250% U.S. Treasury due February 2028.
The tender offer is conditioned on a planned Rule 144A/Reg S offering of new senior secured notes, whose proceeds would also fund redemption in full of the company's $1.0 billion 6.900% Senior Secured Notes due 2027.
The offer expires September 29, 2026 with settlement expected October 2, 2026; RBC Capital Markets and Citigroup are acting as dealer managers.
• 1mo ago AI analysis › Press Release ⚠ 2
OpenText Announces Conditional Notice of Redemption of its Outstanding 2027 Notes and Potential Offering of Senior Secured Notes
OpenText issued a conditional notice of redemption for the full $1.0 billion principal amount of its outstanding 6.900% Senior Secured Notes due 2027, with redemption set for October 2, 2026.
The redemption is subject to a Financing Condition: the company must receive net proceeds from one or more debt offerings sufficient to cover the redemption price, though it may use cash on hand for any portion if that condition is met or waived.
OpenText is exploring a Rule 144A / Regulation S offering of new senior secured notes, with proceeds earmarked for the redemption including any premium and accrued interest, and remaining proceeds for general corporate purposes that may include further repurchase or repayment of outstanding debt.
• 1mo ago AI analysis › Press Release ⚠ 3
OpenText, Cohere Partner to Combine Trusted Data with Agentic AI
OpenText (NASDAQ: OTEX) and private AI firm Cohere announced a strategic partnership at the ALL IN AI conference to combine OpenText's data and context layer with Cohere's North agentic AI platform and models, targeting governments and regulated industries.
The integrated solution is expected to reach clients in early 2027 and will include embedding Cohere's platform and models into OpenText Aviator AI agents, coordinated go-to-market execution, and a reseller relationship through SOLEX across on-premises and OpenText Cloud deployments.
No financial terms were disclosed; the deal positions OpenText as the trusted data layer for enterprise AI but its revenue impact remains speculative until the 2027 launch.
• 1mo ago AI analysis › Press Release ● Major
OpenText Reports Fourth Quarter and Fiscal Year 2026 Financial Results
prnewswire.com • 3mo ago Press Release
Marquis Who's Who Honors Haley Wen, MBA, for Excellence in Global Investment and Strategic Capital Development
Marquis Who's Who issued a press release honoring Haley Wen, a principal at Heritage International Capital, for her achievements in global investment and strategic capital development.
The article references her previous tenure at OpenText Corporation, noting her support for an approximately $6 billion acquisition during her time there.
The release contains no material information regarding OpenText's current business operations, financial results, or strategic direction.
• 3mo ago AI analysis › Press Release
OpenText Appoints Jill Larsen to Board of Directors
OpenText appointed Jill Larsen to its board of directors effective immediately, adding a seasoned executive who currently serves as Chief People Officer at Synopsys.
Concurrently, director Kristen Ludgate resigned from the board for personal reasons, a departure the company stated was not due to any disagreement on operations or policies.
Ms. Larsen brings decades of experience in human resources and talent strategy from prior roles at Synopsys, Cisco, EMC, and SunGard.
• 3mo ago AI analysis › Press Release
OpenText to Report Fourth Quarter Fiscal Year 2026 Financial Results on Thursday, August 6, 2026
OpenText announced it will report fourth quarter fiscal year 2026 financial results before market open on Thursday, August 6, 2026.
The earnings call will be hosted at 8:00 a.m. ET by CEO Ayman Antoun and CFO Steve Rai.
No financial figures or guidance were disclosed in this release; it serves solely as a scheduling notice for the upcoming earnings report.
• 4mo ago AI analysis › Press Release
OpenText to Create 400 Jobs with €105 Million Investment in Cork and Galway to Expand Agentic AI and Sovereign Cloud in Europe
OpenText announced a €105 million investment to expand its operations in Cork and Galway, Ireland, creating 400 new jobs over the next three years.
The capital is directed toward R&D and operations in agentic AI, sovereign cloud, and cybersecurity, doubling the company's previous investment in Ireland.
This expansion supports OpenText's 'cloud-of-choice' strategy for EMEA clients, emphasizing data sovereignty and trusted enterprise AI in regulated environments.
• 4mo ago AI analysis › Press Release
OpenText Among First Canadian Companies to Join OECD Global Safe AI Reporting Framework
OpenText announced it has joined the OECD's Hiroshima AI Process (HAIP) Reporting Framework, becoming one of the first Canadian companies to do so.
The move aligns the company with the G7's voluntary code of conduct for the safe development and deployment of advanced AI.
CEO Ayman Antoun stated that participation reflects OpenText's long-standing commitment to data governance, which he views as the foundation for trustworthy enterprise AI.
• 5mo ago AI analysis › Press Release ● Critical
Rocket Software Completes Acquisition of Vertica, Expanding High-Performance Analytics and AI for Mission-Critical Systems
globenewswire.com • 5mo ago Press Release
OpenText Completes US$150 Million Divestiture of Non-Core Vertica to Rocket Software
OpenText completed the sale of its non-core Vertica analytics platform to Rocket Software for US$150 million in cash.
The company plans to use the net proceeds from the transaction to reduce outstanding debt, aligning with its capital allocation strategy.
CEO Ayman Antoun stated the move allows OpenText to concentrate investment on its core businesses.
• 5mo ago AI analysis › Press Release ⚠ 2
OpenText Reports Third Quarter Fiscal Year 2026 Financial Results
OpenText reported Q3 revenue of $1.28 billion, up 2.2% year-over-year, with cloud revenue growing 6.6% to $493 million and enterprise cloud bookings surging 29.6%.
Profitability improved significantly as GAAP EPS doubled to $0.70 and Adjusted EBITDA margin expanded to 34.1%, driven by operational discipline.
The company returned $313 million to shareholders through $247 million in share repurchases and $66 million in dividends, while Ayman Antoun officially assumed the role of CEO.
• 6mo ago AI analysis › Press Release
OpenText Appoints James McGourlay as President, Chief Client Officer
prnewswire.com • 6mo ago Press Release
OpenText and S3NS Partner to Deliver European Sovereign Cloud Solutions with Google Cloud
prnewswire.com • 6mo ago Press Release ● Critical
OpenText Enterprise Data and AI Solutions to be Available on AWS European Sovereign Cloud
prnewswire.com • 6mo ago Press Release ● Major
OpenText to Report Third Quarter Fiscal Year 2026 Financial Results on Thursday, May 7, 2026
prnewswire.com • 6mo ago Press Release
Enterprises Rush into GenAI Without Security Foundations, New Ponemon Study Finds
prnewswire.com • 7mo ago 
