Company Overview - OpenText Corporation is a world leader in enterprise information management, operating for over 35 years [3] - The company focuses on a portfolio of products in enterprise content, security, and multi-cloud integration [3] Recent Developments - Chadwick Westlake, the new CFO, has been with OpenText for less than a quarter and has expressed excitement about the company's potential [3] - The conference call hosted by Jefferies attracted a significant turnout, indicating strong interest in OpenText [2]

Open Text (OTEX) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.23%. A quarter ago, it was expected that this software provider would post earnings of $0.92 per share when it actually produced earnings of $1.11, delivering a surprise of 20.65%.Over the last four quarters, the compa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ______________________ FORM 10-Q ______________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-27544 ______________________________________ OPEN TEXT CORPORATION (Exact name of Registrant as ...

Financial Performance - Total revenues for Q3 FY2025 were $1.254 billion, a decrease of 13.3% year-over-year, or a decline of 4.5% when adjusted for the AMC divestiture[7]. - Annual recurring revenues (ARR) were $1.030 billion, down 10.1% year-over-year, or a decrease of 2.8% when adjusted for the AMC divestiture[7]. - Net income for Q3 FY2025 was $93 million, a decline of 5.6% year-over-year, while non-GAAP net income was $216 million, down 16.0% year-over-year[7]. - Adjusted EBITDA was $395 million, with a margin of 31.5%, compared to $464 million in the same quarter last year[7]. - Total revenues for the three months ended March 31, 2025, were $1,254,363,000, a decrease of 13.4% compared to $1,447,131,000 for the same period in 2024[25]. - Net income attributable to OpenText for the three months ended March 31, 2025, was $92,805,000, down from $98,285,000 in the same period of 2024, representing a decrease of 4.8%[25]. - The company reported a gross profit of $898,254,000 for the three months ended March 31, 2025, down from $1,055,774,000 in the same period of 2024, indicating a decline of 14.9%[25]. - Total comprehensive income for the three months ended March 31, 2025, was $92,737 thousand, down from $108,739 thousand in the prior year, reflecting a decline of 14.7%[27]. - For the nine months ended March 31, 2025, net income increased significantly to $407,182 thousand, compared to $217,010 thousand for the same period in 2024, representing an increase of 87.9%[27]. Cash Flow and Dividends - Operating cash flows were $402 million, an increase of 4.6% year-over-year, and free cash flows were $374 million, up 7.4% year-over-year[7]. - A cash dividend of $0.2625 per common share was declared, with a record date of June 6, 2025, and a payment date of June 20, 2025[11]. - The company declared dividends of $0.2625 per common share for the three months ended March 31, 2025, totaling $69,235 thousand[31]. - Payments of dividends to shareholders amounted to $67,961 thousand for the three months ended March 31, 2025, compared to $67,293 thousand in 2024[35]. - Cash and cash equivalents at the end of the period increased to $1,279,894 thousand from $1,127,483 thousand, representing a growth of 13.5% year-over-year[37]. Share Repurchase and Capital Management - In Q3 FY2025, OpenText repurchased $115 million of common shares, increasing the authorized limit of its repurchase plan to $450 million[12]. - The balance of common shares as of March 31, 2025, was 259,650 thousand, a decrease from 272,562 thousand as of March 31, 2024[31]. - The company repurchased common shares totaling $146,817 thousand during the three months ended March 31, 2025[31]. Cloud Services - Cloud revenues reached $463 million, reflecting a growth of 1.8% year-over-year, marking 17 consecutive quarters of organic growth in cloud services[7]. - Cloud services and subscriptions revenue increased to $462,614,000 for the three months ended March 31, 2025, compared to $454,528,000 in 2024, reflecting a growth of 1.4%[25]. - The gross profit for cloud services and subscriptions for the three months ended December 31, 2024, was $172,288 thousand, with adjustments leading to a Non-GAAP gross profit of $169,492 thousand[59]. Operating Expenses and Efficiency - Operating expenses for the three months ended March 31, 2025, totaled $689,164,000, a decrease of 16.9% from $828,706,000 in the same period of 2024[25]. - The company announced an expansion of its Business Optimization Plan, expecting to incur up to $200 million in additional costs, with total annualized savings projected between $490 million to $550 million[10]. - Share-based compensation expense for the three months ended March 31, 2025, was $23,000 thousand, a decrease of 36% from $36,042 thousand in the same period of 2024[35]. Assets and Liabilities - The company’s cash and cash equivalents as of March 31, 2025, were $1,277,950,000, slightly down from $1,280,662,000 as of June 30, 2024[23]. - Total assets decreased to $13,754,826,000 as of March 31, 2025, from $14,205,707,000 as of June 30, 2024, reflecting a decline of 3.2%[23]. - The company’s long-term debt as of March 31, 2025, was $6,345,390,000, a slight decrease from $6,356,943,000 as of June 30, 2024[23]. Earnings Per Share - Earnings per share—basic attributable to OpenText for the three months ended March 31, 2025, was $0.35, compared to $0.36 for the same period in 2024[25]. - For the nine months ended March 31, 2025, GAAP-based net income attributable to OpenText was $407,035, with a diluted earnings per share of $1.53, while Non-GAAP-based net income was $757,913, resulting in a diluted earnings per share of $2.85[56].

Announces Expansion and Final Phase of Business Optimization Plan Fiscal 2025 Third Quarter Highlights (in millions(1)) Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $463 $93 $395 $0.35 $0.82 $402 $374 +1.8% Y/Y 7.4% margin 31.5% margin <td colspan="1" rowspan="1" height="" w ...

Core Insights - OpenText partners with BMO and Catalent Pharma Solutions to enhance business operations and drive innovation through information management solutions [1][2] - The collaboration aims to leverage process automation, data management, and AI to improve efficiency and customer experiences across various industries [2][4] Company Highlights - **BMO**: Expands information management capabilities to 20 business domains, 13,000 users, and over 60 workflows using OpenText's Content Management solution, enhancing collaboration and compliance [3][4] - **Catalent Pharma Solutions**: Focuses on digital transformation to achieve a paperless manufacturing environment, centralizing data and improving efficiency while meeting regulatory requirements with OpenText's cloud solutions [5][6] Future Outlook - OpenText emphasizes the ongoing automation and integration of AI in information management, highlighting the limitless potential for organizations ready to embrace these advancements [7]

Core Insights - OpenText Corporation will release its financial results for the third quarter of fiscal year 2025 on April 30, 2025, after market close [1] - The earnings call webcast will be hosted by CEO & CTO Mark J. Barrenechea and EVP & CFO Chadwick Westlake on May 1, 2025, at 8:30 a.m. ET [2] Company Overview - OpenText is recognized as the leading Information Management software and services company globally, providing solutions to complex global problems through a suite of Business Clouds, Business AI, and Business Technology [2]

Core Insights - OpenText has launched Project Titanium X, integrated with Cloud Editions 25.2, marking a significant advancement in their Business Clouds, Business AI, and Business Technology offerings [1][2][4] Product Features - Cloud Editions 25.2 provides a comprehensive suite of enterprise capabilities focused on process automation, data management, security, and AI, aimed at enhancing growth and productivity for organizations of all sizes [3][5] - The platform introduces various specialized solutions, including OpenText Content Management for Guidewire for insurance processes, Core Threat Detection & Response for cybersecurity, and Trading Grid Command Center for supply chain analytics [6][7] - Enhanced AI support is provided through OpenText Aviator, which integrates AI capabilities across applications to streamline workflows and improve operational efficiency [9] Strategic Goals - The release aims to empower organizations to create a limitless digital workforce, augmenting human capabilities with AI agents to improve productivity and innovation [4][7] - OpenText emphasizes seamless multi-cloud integration, ensuring smooth operations across major cloud platforms and compliance with global standards, achieving 99.99% cloud availability [7][8] Market Position - OpenText positions itself as a leader in Information Management software, offering a comprehensive suite of solutions to address complex global challenges [11]

Core Insights - OpenText is hosting two major summits in London and Munich in April 2025 to showcase advancements in Business AI, Business Clouds, and Business Security, aimed at enhancing enterprise growth and operations [1][2] Group 1: Event Details - OpenText Summit London is scheduled for April 1, 2025, followed by OpenText Summit Munich on April 3, 2025, featuring keynotes from CEO & CTO Mark J. Barrenechea [1][3] - The summits will gather IT decision-makers, industry leaders, and technology experts to discuss breakthroughs in information management and AI [1][2] Group 2: Key Topics and Discussions - Discussions will focus on harnessing AI for digital transformation, accelerating decision-making, and enhancing productivity through data-driven insights [5] - The evolution of cyber threats and the use of AI to predict and neutralize cyberattacks will be a significant topic [5] - Simplifying digital complexity and eliminating data silos will be emphasized for businesses aiming to reinvent their information management [5] Group 3: Featured Speakers and Insights - Notable speakers include Dr. Henning Beck, who will discuss the intersection of AI and brain science, and Sue Daley, OBE, who will address digital accessibility in the public sector [3][4] - OpenText executives will share insights on sustainable, customer-centric innovation and the company's strategy to unlock $1 billion in savings over the next decade through innovation and efficiency [2][7][8]

Core Viewpoint - OpenText has increased its Fiscal 2025 normal course issuer bid (NCIB) by US$150 million, raising the total authorized amount to US$450 million for share repurchases [1][2]. Group 1: Share Repurchase Program - The NCIB allows the company to repurchase up to 21,179,064 common shares, with the program effective from August 7, 2024, to August 6, 2025 [1][2]. - Since the inception of the NCIB, OpenText has repurchased approximately 8.9 million common shares for an aggregate value of about US$258 million [2]. Group 2: Automatic Share Purchase Plan (ASPP) - An automatic share purchase plan (ASPP) has been established to facilitate share repurchases during periods when the company cannot ordinarily make purchases due to regulatory restrictions [3][4]. - The ASPP will be effective from March 14, 2025, and will terminate when the maximum purchase limits under the NCIB are reached, on August 6, 2025, or if the company decides to terminate the ASPP [4].