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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 ...
OpenText appoints Savinay Berry as EVP & Chief Product Officer
Prnewswire· 2025-01-27 16:00
Core Message - OpenText appoints Savinay Berry as EVP & Chief Product Officer and Muhi Majzoub as EVP, Security Products, signaling a strategic focus on innovation, cloud, security, and AI to drive growth in information management [1][2][3] Leadership Appointments - Savinay Berry brings extensive experience in technology and engineering, having led products and engineering at Vonage, with expertise in cloud applications, developer platforms, AI, and security [2] - Muhi Majzoub will focus on accelerating the company's opportunities in the security products market [1] Strategic Focus - OpenText aims to leverage the convergence of cloud, security, and AI to enhance its information management capabilities and deliver enduring value to customers [3] - The company's recent innovations, including Titanium X, Cloud, and AI, position it as a leader in translating innovation into customer value [3] Industry Context - The AI transformation is driving increased relevance of information management, with a focus on helping customers secure, organize, and utilize data for growth and efficiency [3] - OpenText's comprehensive suite of Business Clouds, Business AI, and Business Technology addresses complex global challenges for organizations [4]
OpenText Recognized as a Leader in Four 2024 IDC MarketScape Reports
Prnewswire· 2025-01-24 14:00
OpenText delivers seamless, personalized and secure digital experiences across its portfolioWATERLOO, ON, Jan. 24, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) has been recognized as a Leader in four 2024 IDC MarketScape reports solidifying the company's delivering against today's biggest industry challenges. The OpenText Experience Cloud suite of solutions, in which the evaluated solutions are inclusive of, is designed to help organizations optimize their customer journeys with actionable, da ...
OpenText to Report Second Quarter Fiscal Year 2025 Financial Results on Thursday, February 6, 2025
Prnewswire· 2025-01-13 21:01
Financial Results Announcement - Open Text Corporation will release its second quarter fiscal year 2025 financial results on February 6, 2025, at approximately 4:00 p.m. ET [2] Conference Call Webcast - The company will host a conference call webcast on February 6, 2025, at 5:00 p.m. ET, featuring Mark J. Barrenechea, CEO & CTO, and Madhu Ranganathan, President, CFO & Corporate Development [3] - The webcast will last 60 minutes and can be accessed via the OpenText Investor Relations website [3] Company Overview - OpenText is a leading global Information Management software and services company, offering a comprehensive suite of Business Clouds, Business AI, and Business Technology solutions [3]
Open Text Corporation (OTEX) Barclays 22nd Annual Global Technology Conference (Transcript)
Seeking Alpha· 2024-12-12 23:30
Open Text Corporation (NASDAQ:OTEX) Barclays 22nd Annual Global Technology Conference December 12, 2024 4:20 PM ET Company Participants Greg Secord - Vice President, Investor Relations Madhu Ranganathan - President and CFO Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Welcome to our next session. I know as a speaker we have like Madhu, and Madhu will join us in a minute, but Greg is -- because she's stuck on traffic. So, Greg is going to start with me. So, we can ask all the question ...
Open Text Corporation (OTEX) Barclays 22nd Annual Global Technology Conference (Transcript)
2024-12-12 23:30
Open Text Corporation (NASDAQ:OTEX) Barclays 22nd Annual Global Technology Conference December 12, 2024 4:20 PM ET Company Participants Greg Secord - Vice President, Investor Relations Madhu Ranganathan - President and CFO Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Welcome to our next session. I know as a speaker we have like Madhu, and Madhu will join us in a minute, but Greg is -- because she's stuck on traffic. So, Greg is going to start with me. So, we can ask all the question ...