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].

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]

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]

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]

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 (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). ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $501 million, representing a 37.6% adjusted EBITDA margin, and free cash flow of $307 million, with adjusted EPS at $1.11, all showing significant increases excluding AMC [11][12]. - Total revenue was $1.33 billion, down 4.9% excluding AMC, while cloud revenues grew by 2.7% with $250 million in new cloud contract value, marking a record quarter for customer demand [13][14]. - GAAP net income was $229.9 million, translating to a diluted EPS of $0.87, while non-GAAP diluted EPS was $1.11, down 10.5% due to the impact of AMC divestiture [60]. Business Line Data and Key Metrics Changes - The company is focusing on three core growth areas: content, security, and ITOM, with a strong emphasis on upgrading existing customers to TitaniumX [17][90]. - The cloud RPO was reported at $2.3 billion, surpassing maintenance RPO at $1.8 billion, indicating a robust cloud business [40][68]. - The company is implementing a new licensing model, OpenText Pella, which allows customers to have unlimited licenses in exchange for higher fees, aimed at enhancing customer retention and cloud migration [111][115]. Market Data and Key Metrics Changes - The company noted challenges in Europe, where growth is currently difficult, but expressed optimism about pro-growth initiatives in the U.S. [84][85]. - The company is not subject to tariffs as a digital entity, which positions it favorably amidst global economic uncertainties [84]. Company Strategy and Development Direction - The new priority for the company is growth, following a successful focus on margin improvement post-Micro Focus acquisition and AMC divestiture [9][53]. - The company plans to leverage its installed base of 120,000 enterprise customers to drive upgrades and expand capabilities [18]. - Strategic partnerships with hyperscalers like Microsoft are expected to enhance cloud growth and service offerings [36]. Management's Comments on Operating Environment and Future Outlook - Management highlighted that while the first half of fiscal 2025 was challenging, they expect to return to organic growth by Q4 [51][56]. - The company is monitoring external factors such as tariffs and currency fluctuations, which are creating some business uncertainty [46][56]. - Management expressed confidence in achieving a strong second half of the fiscal year, with a focus on cloud growth and improved sales execution [44][56]. Other Important Information - The company declared a quarterly cash dividend of $26.25 per common share, with a record date of March 7, 2025, and a payment date of March 21, 2025 [74]. - The company is on track to deliver approximately $570 million in capital returns to shareholders through dividends and share buybacks [75]. Q&A Session Summary Question: Can you discuss the economic environment and its impact on different regions? - Management noted that growth is challenging in Europe but expressed optimism about the U.S. market due to pro-growth initiatives [84][85]. Question: How does the company position itself in the ITOM and observability market? - Management highlighted their strengths in content management and security, aiming to outperform in these areas while integrating observability into their offerings [90]. Question: What are the growth opportunities in the security sector? - Management emphasized their focus on identity applications, network security, and forensics, with plans to expand into XDR [94][96]. Question: Can you provide updates on go-to-market changes? - Management reported improvements in sales productivity due to investments in Salesforce capabilities and leadership enhancements [101][102]. Question: What challenges are faced in ADM and ITOM? - Management identified challenges related to license and maintenance revenues, with a focus on relaunching products to drive growth [106][108]. Question: How is the new licensing model expected to impact customer engagement? - The new licensing model allows for unlimited licenses, which is anticipated to enhance customer retention and cloud migration [111][115].

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 ...

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 ...

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 | ...