Pioneering experts gather in Las Vegas to explore a future driven by AI knowledge workers, cloud, and next-generation securityWATERLOO, ON, Nov. 15, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced its roster of keynote and guest speakers for OpenText World 2024, the leading information management conference, set to take place in-person and virtually at the Venetian Hotel Resort, Las Vegas, from November 18-21, 2024. This year's conference will bring together leading experts in bu ...

| --- | --- | --- | |----------------------------------------------|-------|-------| | | | | | | | | | | | | | October 31, 2024 OpenText Business Overview | | | | NASDAQ: OTEX \| TSX: OTEX | | | Safe Harbor and IP Statement This presentation contains forward-looking statements or information (forward-looking statements) within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the Exchange Act), Section 27A of the U.S. Se ...

Financial Data and Key Metrics - Q1 revenue was $1.27 billion, within the quarterly factor range of $1.25 billion to $1.3 billion [13] - Adjusted EBITDA grew to 35% year-over-year, driven by efficiency gains despite the divestiture of the high-margin AMC business [11] - Adjusted EPS was $0.93, exceeding expectations [16] - Cloud revenue was $457 million, up 1.3% year-over-year, with cloud bookings up 10% year-over-year [14][40] - Net cloud renewal rate was 94% [16] - GAAP net income was $84.4 million, or $0.32 diluted EPS, up 6.7% year-over-year [42] - Free cash flow was negative $117.1 million due to one-time tax payments and AMC divestiture gains [44] Business Line Performance - Cloud business marked its 15th consecutive quarter of organic growth, with strong customer wins across industries such as financial services, technology, and healthcare [14] - Titanium X, the next-generation autonomous information management platform, is a key driver of growth, with 20 wins related to the Jet AI Aviator offering [15] - Security, particularly XDR-as-a-Service, is a major investment area, with full-stack protection for users, applications, email, network, and clouds [25] - SMB segment saw the launch of Secure Cloud, a new platform enabling partners to transact and manage customer installations [111][112] Market Performance - Revenue by geography: Americas 57% (majority in the US), EMEA 33%, APAC and Japan 10% [15] - 38 deals were over $1 million, with the majority being cloud-based [15] - Strong demand in multi-cloud environments, with customers increasingly adopting multiple cloud providers [33] Strategy and Industry Competition - The company is focused on strengthening its competitive advantage with Titanium X, accelerating cloud growth, and capturing margin opportunities [37] - Investments in go-to-market strategies, including sales talent acquisition and AI-driven sales tools (olli.ai), are expected to drive growth [30][31] - Strategic partnerships with SAP, Google, Microsoft, Salesforce, and Amazon are critical for multi-cloud integration and expanding market reach [34] - The company is leveraging AI internally to improve operational efficiency and customer engagement [54] Management Commentary on Operating Environment and Future Outlook - Demand environment is stable, with a strong pipeline and customer engagement expected to drive a stronger second half of the fiscal year [17][59] - The company reaffirmed its fiscal 2025 targets, including total revenues of $5.3 billion to $5.4 billion, adjusted EBITDA margin of 33% to 34%, and free cash flow of $575 million to $625 million [18][52] - Management highlighted the importance of AI and security as long-term growth drivers, with Titanium X expected to be a major step forward in enterprise and SMB security [25][37] Other Important Information - The company plans to return approximately $570 million of capital via dividends and share buybacks in fiscal 2025, marking a record year for capital return [18] - OpenText World 2024 will showcase Titanium X and other innovations, with over 150 sessions and speakers [36] - The company is monitoring economic conditions in Europe, North America, APAC, and Japan, and is prepared to adjust its approach if necessary [37] Q&A Session Summary Question: Demand Environment and Macro Outlook - The demand environment is stable, with a strong innovation push expected to drive demand in the second half, particularly with the release of Titanium X [59][60] - Q2 has a tough year-over-year comparison due to the AMC divestiture and one-time IP royalty from the previous year [63] Question: Cloud Contract Duration and On-Prem to Cloud Conversions - Cloud contract durations have stabilized around four years, with SAP reporting similar trends [78][80] - Titanium X is designed to accelerate on-prem to cloud conversions, particularly with its SaaS-first approach [81] Question: AI Adoption Patterns - AI adoption is steady, with 20 wins related to GenAI Aviators in Q1 and 15 Aviators and over 100 agents expected in Titanium X [85][87] - The company is focused on making AI easy to use and cost-effective, with steady progress expected in adoption [89] Question: Margin Performance and Cost Timing - Strong margin performance in Q1 was driven by operational efficiencies and cost management, with higher costs expected in the second half due to annual merit increases and benefit uplifts [91][92] Question: Organic Growth Post-AMC Divestiture - The company expects organic growth to be driven by security and digital operations, with stabilization in the developer segment [95][99] Question: Capital Allocation and M&A - The company plans to return a record $570 million in capital to shareholders in fiscal 2025 and is open to small- to medium-sized M&A opportunities in the cloud space [100][101] Question: SMB Segment and Secure Cloud Platform - The SMB segment is showing steady progress, with the launch of Secure Cloud enabling partners to transact and manage customer installations [111][112] Question: Cloud Growth Range and Sales Investment - Cloud growth is expected to be driven by SaaS adoption, AI contributions, and security offerings, with sales capacity at its peak and strong employee retention [116][118]

Open Text (OTEX) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.81%. A quarter ago, it was expected that this software provider would post earnings of $1.05 per share when it actually produced earnings of $0.98, delivering a surprise of -6.67%.Over the last four quarters, the comp ...

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 September 30, 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 ______________________________________ | --- | --- | |-------------------------------- ...

As cyberattacks grow more insidious, organizations are ramping up cybersecurity investments to defend essential servicesWATERLOO, ON, Oct. 31, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX), (TSX: OTEX), has revealed its highly anticipated "Nastiest Malware of 2024" list, spotlighting the year's most notorious cyber threats. Now in its seventh year, OpenText's cybersecurity experts have identified the most relentless and adaptive malware trends impacting industries worldwide. This year, ransomware aimed at cr ...

Exhibit 99.1 OpenText Reports First Quarter Fiscal Year 2025 Financial Results Total Revenues of $1.27B, 15 Consecutive Quarters of Cloud Organic Growth Delivers Net Income Margin of 7%, Robust Adjusted EBITDA Margin of 35.0% GAAP EPS of $0.32, Non-GAAP EPS of $0.93 Purchased and Canceled 7.72M Shares Over the Last Two Quarters Fiscal 2025 First Quarter Highlights | --- | --- | --- | |----------------------------------|-------------------------------------------------------------------------|--------------- ...

Total Revenues of $1.27B, 15 Consecutive Quarters of Cloud Organic GrowthDelivers Net Income Margin of 7%, Robust Adjusted EBITDA Margin of 35.0%GAAP EPS of $0.32, Non-GAAP EPS of $0.93Purchased and Canceled 7.72M Shares Over the Last Two QuartersFiscal 2025 First Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) $1,269 $1,053 $457 (11.0) % (8.4) % +1.3 % Annual Recurring Revenues represent 83% of Total Revenues ...

Company ranks in the top 20% of global companies included on this year's list WATERLOO, ON, Oct. 29, 2024 /PRNewswire/ -- OpenTextTM (NASDAQ: OTEX), (TSX: OTEX) today announced it has been named one of the World's Top Companies for Women 2024 by Forbes. The list, which is generated by Forbes in partnership with Statista, celebrates global companies that support women in the workplace. OpenText, which has been named to the list for the second consecutive year, ranked within the top 20% of global companies. C ...

Developer productivity and quality engineering has passed the tipping point of adopting generative AI to drive business success, says the 16th edition of the report WATERLOO, ON, Oct. 22, 2024 /PRNewswire/ -- OpenText™, in collaboration with Capgemini and Sogeti (part of the Capgemini Group), today announced the findings of the 16th edition of the World Quality Report, "New Futures in Focus." The report reveals significant developments in Quality Engineering (QE), with a growing emphasis on the integration ...