OpenText(OTEX)

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OpenText to Showcase New Innovations to Empower Healthcare Providers at HIMSS 2025
Prnewswire· 2025-02-27 12:30
Core Insights - OpenText will showcase its capabilities in secure communications, streamlined workflows, and enhanced patient experiences for healthcare providers at the HIMSS 2025 conference in Las Vegas from March 3-6 [1] Industry Challenges - Healthcare providers are facing significant challenges, including fragmented communications, paper-based workflows, and increasing ransomware threats [2] - A study indicated that only 53% of healthcare leaders are satisfied with their organization's data quality management [2] - Regulatory complexities and staffing shortages are also impacting operations, with over 70% of healthcare centers reporting shortages of primary care physicians, nurses, or mental health professionals [3] Importance of Solutions - The challenges faced by healthcare providers necessitate a focus on optimizing patient experience, automating administrative processes, and enhancing cybersecurity practices [4] - OpenText has established partnerships with thousands of healthcare providers to address these challenges through effective information management [4] Key Solutions Showcased - OpenText Core Messaging: A CPaaS solution for unified messaging across various channels, ensuring compliance with regulations like HIPAA [6] - OpenText Process Automation: This solution allows non-technical staff to create AI-assisted workflows, enhancing efficiency and patient outcomes [6] - OpenText Fax (RightFax) and OpenText Capture: These solutions facilitate secure digital fax transmissions and automate the conversion of paper documents into digital formats [6] - OpenText Core Fax: An enterprise-grade SaaS fax solution that integrates with existing workflows for secure communications [6] - OpenText Information Archive: This solution consolidates patient data from multiple legacy systems into a single repository, ensuring compliance with healthcare regulations [7]
OpenText Appoints Chadwick Westlake Chief Financial Officer To Reinforce Top Priorities
Prnewswire· 2025-02-26 13:00
Core Insights - OpenText has appointed Chadwick Westlake as the new Executive Vice President and Chief Financial Officer, effective March 5, 2025, succeeding Madhu Ranganathan, highlighting the company's focus on revenue growth and competitive advantage [1][3] - Westlake brings extensive experience from his previous role as CFO of EQB Inc. and over 18 years at Scotiabank, where he led significant financial management and transformation initiatives [2] - The CEO of OpenText, Mark J. Barrenechea, expressed confidence in Westlake's ability to drive profitable growth and shareholder value, emphasizing the importance of his skills for the company's next growth phase [3] 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 [4]
OpenText Strengthens Consumer Cybersecurity Portfolio with Comprehensive Digital Life Protection
Prnewswire· 2025-02-25 14:00
Core Insights - OpenText has launched Webroot Total Protection, a comprehensive cybersecurity solution designed to protect personal and financial information for individuals and families [1][3] - The solution includes features such as identity protection, VPN, parental controls, and unlimited cloud backup, all integrated into a single platform [1][3][7] - The urgency for such solutions is underscored by a 312% increase in data breaches in 2024, affecting over 1.7 billion individuals, with cyberattacks responsible for 80% of these incidents [2] Company Overview - OpenText is a leading Information Management software and services company, providing a suite of Business Clouds, Business AI, and Business Technology to address complex global challenges [5] - The company emphasizes its commitment to consumer cybersecurity through continuous investment in innovative solutions that adapt to evolving digital threats [3][4] Product Features - Webroot Total Protection offers device security against threats like phishing, malware, and ransomware, as well as identity protection for up to 10 individuals, including access to identity restoration specialists and fraud expense reimbursement of up to $1 million [7] - The product also includes VPN and parental controls to enhance online privacy and security for households, along with unlimited cloud backup for critical files and personal data [7]
OpenText Launches Next Generation OpenText Cybersecurity Cloud With AI Powered Threat Detection and Response Capabilities
Prnewswire· 2025-02-20 14:40
Core Insights - OpenText has launched OpenText™ Core Threat Detection and Response, an AI-powered cybersecurity solution aimed at enhancing threat detection and response capabilities for enterprises [1][6] - The solution will be available on Microsoft Azure and is integrated with Microsoft security tools to improve efficiency in stopping attacks [2][5] - OpenText's cybersecurity portfolio addresses various security challenges, including application protection, identity management, and digital forensics, serving over 7,500 global enterprise customers [3] Product Features - The solution utilizes hundreds of AI algorithms to enhance detection capabilities and improve security posture without requiring complex overhauls [5] - It features advanced anomaly detection that adapts to changes in operating environments, significantly reducing the time to uncover critical threats [5] - The platform employs adaptive learning through machine learning models, continuously evolving to improve detection accuracy over time [5] Market Context - Insider threats are a significant concern, costing organizations an average of $16.2 million annually, highlighting the need for proactive detection measures [4] - The cybersecurity talent shortage exacerbates the issue, making solutions like OpenText Core Threat Detection and Response essential for organizations [4] - The solution aims to maximize the value and ROI of existing security investments while proactively hunting for threats to reduce potential exposure to costly incidents [6]
Open Text: Still Decent Risk Reward
Seeking Alpha· 2025-02-18 10:11
Open Text (NASDAQ: OTEX ) is a Canadian enterprise software company I have been following for some time now. My latest coverage of the stock was in May last year , when I rated the stock a buy.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). ...
OpenText(OTEX) - 2025 Q2 - Earnings Call Transcript
2025-02-07 02:28
Open Text Corporation (NASDAQ:OTEX) Q2 2025 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Greg Secord - Head, IR Mark Barrenechea - CEO and CTO Madhu Ranganathan - President and Leader, Corporate Development Todd Cione - President, Worldwide Sales Conference Call Participants Raimo Lenschow - Barclays Bill Fitzsimmons - Jefferies Thanos Moschopoulos - BMO Capital Markets Stephanie Price - CIBC Paul Treiber - RBC Capital Markets Seth Gilbert - UBS Kevin Krishnaratne - Scotiabank R ...
Open Text (OTEX) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2025-02-06 23:15
Open Text (OTEX) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.65%. A quarter ago, it was expected that this software provider would post earnings of $0.81 per share when it actually produced earnings of $0.93, delivering a surprise of 14.81%.Over the last four quarters, the comp ...
OpenText(OTEX) - 2025 Q2 - Quarterly Report
2025-02-06 22:11
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 December 31, 2024 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 ...
OpenText(OTEX) - 2025 Q2 - Quarterly Results
2025-02-06 21:02
Exhibit 99.1 OpenText Reports Second Quarter Fiscal Year 2025 Financial Results Total Revenues of $1.335B, 16 Consecutive Quarters of Cloud Organic Growth Delivers Net Income Margin of 17%, Robust Adjusted EBITDA Margin of 37.6% GAAP EPS of $0.87, Non-GAAP EPS of $1.11 Operating Cash Flows of $348M and Free Cash Flows of $307M Fiscal 2025 Second Quarter Highlights | Total Revenues | Annual Recurring Revenues | Cloud Revenues | | --- | --- | --- | | (in millions) | (in millions) | (in millions) | | $1,335 | ...
OpenText named one of Canada's Best Employers 2025 for the fifth consecutive year by Forbes
Prnewswire· 2025-02-05 14:00
WATERLOO, ON, Feb. 5, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced it has been named one of Canada's Best Employers 2025 by Forbes. The list, which is generated by Forbes in partnership with Statista, celebrates top organizations across Canada for their work flexibility, focus on professional development, growth opportunities, and more. This is the fifth consecutive year that OpenText has been named to the list by Forbes. "Being named one of Canada's Best Employers by Forbes is ...