Open Text Corporation (OTEX)
Market Cap | 10.39B |
Revenue (ttm) | 5.70B |
Net Income (ttm) | 127.40M |
Shares Out | 272.05M |
EPS (ttm) | 0.47 |
PE Ratio | 82.62 |
Forward PE | 8.05 |
Dividend | $1.00 (2.58%) |
Ex-Dividend Date | Feb 29, 2024 |
Volume | 408,173 |
Open | 38.85 |
Previous Close | 38.81 |
Day's Range | 38.65 - 39.14 |
52-Week Range | 32.04 - 45.47 |
Beta | 1.10 |
Analysts | Hold |
Price Target | 44.75 (+15.25%) |
Earnings Date | May 2, 2024 |
About OTEX
Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmen... [Read more]
Financial Performance
In 2023, Open Text's revenue was $4.48 billion, an increase of 28.37% compared to the previous year's $3.49 billion. Earnings were $150.38 million, a decrease of -62.13%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for OTEX stock is "Hold." The 12-month stock price forecast is $44.75, which is an increase of 15.25% from the latest price.
News
OpenText Strengthens X12 Collaboration to Accelerate the Future of Supply Chain B2B Data Exchange
WATERLOO, Ontario, March 27, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, and X12, the ANSI-accredited standards organization, today announced the renewal of th...
Information Management Experts Gather to Explore How AI Elevates Human Potential at OpenText World Europe 2024
WATERLOO, ON , March 18, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, is set to host OpenText World Europe 2024 April 15 – 18, 2024, with a series of in-person ...
Media Alert: OpenText Showcases Data-Driven Insights and AI-Powered Solutions for IT Service Management and Healthcare at Pink24 and HIMSS
WATERLOO, ON , Feb. 27, 2024 /PRNewswire/ -- Today, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, announced its participation at two leading information and technology industry even...
Global Report Finds IT at the Forefront of Sustainability Efforts, but Lacks Proper Tools and Expertise
OpenText reveals companies are embracing sustainability in IT, but are in the early stages WATERLOO, ON , Feb. 20, 2024 /PRNewswire/ -- A report commissioned by OpenText™ (NASDAQ: OTEX), (TSX: OTEX), ...
OpenText Joins the Joint Cyber Defense Collaborative to Enhance U.S. Government Cybersecurity
OpenText's Innovative Approach to Threat Intelligence Empowers Cyber Defenders and Strengthens U.S. Government Cybersecurity Resilience WATERLOO, ON , Feb. 13, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: ...
OpenText Zeroes-In as Recognized Leader in Sustainability
Several achievements earned as a result of environmental, social, and governance commitments and progress WATERLOO, ON, Feb. 7, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announc...
OpenText Takes Code Security to the Next Level with Innovative use of Machine Learning
Security by design is a proactive approach to the ever-changing threat landscape – learn more at the inaugural OpenText Security Summit 2024 on February 6 WATERLOO, ON , Feb. 5, 2024 /PRNewswire/ --...
Media Alert: OpenText Shares How Businesses Can Elevate Their Security Posture with AI at the OpenText Security Summit on February 6
Mark Barrenechea, CEO & CTO of OpenText, to deliver keynote about evolving cybersecurity measures and AI technology WATERLOO, Ontario , Feb. 2, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTE...
OpenText Reports Second Quarter Fiscal Year 2024 Financial Results
Record Total Revenues of $1.535 billion Up 71% Y/Y Record Enterprise Cloud Bookings Fiscal 2024 Second Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Rev...
OpenText Aviator Reimagines Work with AI
Innovations demonstrate the company's commitment to advancing its opentext.ai vision through Cloud Editions 24.1 release WATERLOO, ON , Jan. 23, 2024 /PRNewswire/ -- Today, OpenText™ (NASDAQ: OTEX), (...
OpenText Positioned as a Leader in IDC MarketScape for Multi-Enterprise Supply Chain Commerce Networks
Company named a Leader for the third time WATERLOO, ON , Jan. 17, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced it has been named a Leader in the...
New Survey Reveals Growing Adoption for AI in Legal Teams
OpenText, in partnership with the Corporate Counsel Business Journal, reveals that 91% of general counsel cite technology as a key driver for success with AI poised to transform the legal industry WAT...
OpenText to Report Second Quarter Fiscal Year 2024 Financial Results on Thursday, February 1, 2024
WATERLOO, Ontario , Jan. 10, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its second quarter fiscal year 2024 will be released on ...
OpenText appoints Denise Miura as SVP & President of OpenText Japan
WATERLOO, ON , Jan. 8, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the strategic appointment of Denise Miura as SVP & President of OpenText Japan for the Canadian-based...
OpenText Appoints Goldy Hyder to Board of Directors
WATERLOO, ON, Dec. 6, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced the appointment of Goldy Hyder to its board of directors. Mr. Hyder is President and Chief...
Open Text selling unit to Bain Capital-backed Rocket Software for $2.28B
Open Text Corp.'s stock OTEX was up by 2% in premarket trading on Wednesday, a day after the company said it would sell its AMC business unit to Rocket Software Inc., a Bain Capital portfolio company,...
Rocket Software to Acquire OpenText's Application Modernization and Connectivity Business
WALTHAM, Mass.--(BUSINESS WIRE)--Rocket Software, Inc. (“Rocket Software”), a global technology leader driving modernization for the world's largest companies, today announced it has signed a definiti...
OpenText to Divest Application Modernization and Connectivity (AMC) Business to Rocket Software for $2.275B
OpenText to Focus on Cloud and AI Opportunity Within Information Management WATERLOO, ON , Nov. 28, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has ...
OpenText Named a Leader in Customer Communications Management and Communications Experience Platforms in the 2023 Aspire Leaderboard
Market leadership for sixth consecutive year, strengthened by AI investments and Total Experience vision WATERLOO, ON , Nov. 16, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the informa...
OpenText Cybersecurity 2023 Global Ransomware Survey: Companies Still Don't Believe They are Targets for Ransomware Attacks
Even with this disconnect, cybersecurity spending and hiring are on the rise WATERLOO, ON , Nov. 15, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today released results of its annual 2...
77% of organizations are investing in artificial intelligence solutions to bolster their Quality Engineering
Capgemini Press contact: Saheli Chakraborty Tel.: +7015531783 E-mail: saheli.chakraborty@capgemini.com Open Text Press contact: Brad Thomas Tel.
OpenText Reports First Quarter Fiscal Year 2024 Financial Results
Record Q1 Total Revenues, Cloud Revenues and ARR Fiscal 2024 First Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constan...
OpenText Cybersecurity Nastiest Malware of 2023 Shows Ransomware-as-a-Service Now Primary Business Model
While average ransomware payments are up, the percentage of people who pay is at an all-time low WATERLOO, ON , Oct. 25, 2023 /PRNewswire/ -- OpenText (NASDAQ: OTEX), (TSX: OTEX), today announced the ...
OpenText AI Enables Smarter Organizations
Company introduces OpenText Aviator AI capabilities in Cloud Editions 23.4 WATERLOO, ON , Oct. 11, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced ...
OpenText to Report First Quarter Fiscal Year 2024 Financial Results on Thursday, November 2, 2023
WATERLOO, ON , Oct. 10, 2023 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its first quarter fiscal year 2024 will be released on Thursd...