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Open Text is a high-debt, flat-revenue software company offering a 4% dividend but limited growth prospects. OTEX's $5.8B debt load forces asset sales and restricts investment, with deleveraging ...
OpenText Earnings Call Highlights Strategic Shift to Cloud and AI Despite Profit Pressures ...
The company reaffirmed its fiscal 2026 total revenue growth target of 1% to 2% year-on-year. For Q3, management expects total revenues between $1.26 billion and $1.28 billion and projects an adjusted ...
OpenText reported a 9.71% EPS surprise for Q2 2026. Revenue grew to $1.33 billion, surpassing forecasts. Cloud revenue increased by 3.4% year-over-year. The company announced a new CEO, Ayman Antoun.
Company sells second non-core asset in five months after dropping CEO in August. UPDATE (05/11/2026): Since this story was first published, OpenText has completed the sale of Vertica to Rocket ...
Earnings call OpenText delivered Q1 FY26 revenue of $1.3B, up 1.5% YoY, with cloud revenue rising 6% YoY and Content Cloud up 21% YoY. Margins and adjusted EPS improved, guidance for FY26 was ...
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Why OpenText Stock Had a Huge September
OpenText Corporation (TSX: OTEX) stock surged 13% in September and continued its rally in October, reaching a new 52-week high of $54.20. This is the first time since January 2024 that the stock has ...
UPDATE (01/13/2026): On Jan. 12, 2026, OpenText announced that the transaction had officially closed. OpenText is selling off its eDOCS unit to Utah-based NetDocuments for $163 million USD ($227.3 ...
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Open Text Divests eDOCS Solution to NetDocuments
Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Open Text ( (TSE:OTEX)) has issued an ...
News came in late US time on 2 October that NetDocuments, headquartered in Utah, has entered into a definitive agreement to acquire OpenText’s legal document management solution (DMS), eDOCS for $163m ...
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