Our Software is at the Center of Global Information Flow OpenText is at the center of connected ecosystems, the internet of clouds, and plays a critical role in customer adoption of cloud, security and AI opentext | --- | --- | |-------|-------------------------------------------------------| | | | | 1 | We Lead The Information Management Software Industry | | 2 | We Are Transforming For Cloud, Security and AI Growth | | 3 | We Are Essential to AI | | 4 | Building Shareholder Value | | 5 | Introducing Retur ...

Exhibit 99.1 OpenText Reports Q3 F'24 Financial Results Record Q3 Total Revenues and Enterprise Cloud Bookings Announces $250 Million Share Repurchase Program Fiscal 2024 Third Quarter Highlights | Total Revenues | | | Annual Recurring Revenues | | Cloud Revenues | | --- | --- | --- | --- | --- | --- | | (in millions) | | | (in millions) | | (in millions) | | Reported | Constant | Reported | Constant | Reported | Constant | | Currency | | | Currency | | Currency | | $1,447 | $1,444 | $1,146 | $1,143 | $455 ...

OpenText to Reduce Debt by $2 Billion WATERLOO, ON, May 1, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has successfully completed the divestiture of its AMC/Mainframe business to Rocket Software, Inc., a Bain Capital portfolio company ("Rocket Software"), for $2.275 billion in cash before taxes, fees and other adjustments. "We are pleased to complete the divestiture of our AMC/Mainframe business to Rocket Software," said Mark J. Barrenechea, OpenText CEO & ...

Solves open source intake challenges WATERLOO, ON, April 29, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced an innovative solution to long-standing open source intake challenges. Developers spend a significant amount of time searching for open source libraries that comply with their company intake policies. OpenText Debricked Open Source Select is a unique start left solution to this age-old problem. It guides developers in selecting the right open source components—those that m ...

Table of Contents 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, 2023 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 n ...

Key Points Company and Industry * **Company**: Open Text Corporation (NASDAQ:OTEX) * **Industry**: Information Management, Content Management, Cybersecurity, IT Operations, Application Development Core Views and Arguments * **Mission**: To power and protect information, ensuring data accessibility, security, and compliance across various systems and regulatory requirements. * **Market Leadership**: OpenText is the market leader in enterprise content management, with IBM's FileNet as the primary competitor. Box is considered a smaller competitor in the content management space. * **Business Segments**: The company operates across six distinct businesses, including content management, business network, cybersecurity, IT operations, and application development. * **Digital Transformation**: OpenText's solutions support digital transformation initiatives, ensuring data accessibility throughout the transformation process. Acquisition of Micro Focus * **Acquisition**: OpenText acquired Micro Focus in January 2023, a move aimed at expanding its market reach and addressing various buying groups within enterprises. * **Benefits**: The acquisition filled gaps in OpenText's offerings, providing solutions for CTOs, application developers, and cybersecurity officers. It also enabled the company to cloudify its products and address faster-growing deployment options. * **Integration**: OpenText expects Micro Focus to achieve organic growth in fiscal 2024, returning to organic growth in fiscal 2025. The company aims to reduce net leverage to less than 3 times by the end of fiscal 2025 or sooner. * **Renewal Rates**: OpenText has improved Micro Focus' renewal rates from the low 80s to the upper 80s, with a target of reaching the mid-90s by fiscal 2025. This improvement is expected to add over $200 million in incremental revenue to the top line. Financial Outlook * **Fiscal 2024**: OpenText expects to achieve a stronger second half of fiscal 2024 compared to the first half, driven by the integration of Micro Focus and the growth of cloud-based products. * **Free Cash Flow**: The company expects free cash flow to ramp up to over $1.5 billion by fiscal 2026, with an uplift of over $5 per share at that point in time. * **Macroeconomic Factors**: OpenText has historically been resilient to macroeconomic factors, with long sales cycles and cloudification benefits. The only notable headwind mentioned is the small and medium business component, which is less than 10% of revenue. AI and Product Roadmap * **AI Integration**: OpenText has integrated AI and machine learning into its product offerings, leveraging its existing content management solutions. * **Generative AI**: The company has introduced new products, including Vertica and IDOL, to support generative AI initiatives. * **Product Roadmap**: OpenText plans to continue expanding its AI product suite, with a focus on content management, vectorization, and large language models. Capital Allocation * **Debt Reduction**: OpenText aims to reduce leverage to less than 3 times by the end of fiscal 2025 or sooner, with a minimum quarterly principal payment of $175 million. * **Capital Allocation**: The company's capital allocation priorities include paying down leverage, maintaining a 20% free cash flow dividend, and potentially reinstating share buybacks as leverage approaches the target level. * **Organic Growth**: OpenText has shifted its focus from M&A to organic growth, targeting a 2% to 4% increase in total organic growth and a 7% to 9% increase in cloud organic growth by fiscal 2026.

Open Text Corporation (NASDAQ:OTEX) Q1 2024 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Harry Blount - Senior Vice President of Investor Relations Mark Barrenechea - CEO and CTO Madhu Ranganathan - Executive Vice President and CFO Paul Duggan - Executive Vice President and Chief Customer Officer Conference Call Participants Richard Tse - National Bank Financial Thanos Moschopoulos - BMO Capital Markets Paul Treiber - RBC Capital Markets Kevin Krishnaratne - Scotiabank Stephanie ...

onantavt" | --- | --- | --- | --- | |---------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | OpenText | | | | | | | | | | Investor Presentation | | | | | November 2, 2023 | | | | | 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 ...

Table of Contents 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, 2023 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 ...

Open Text Corporation (NASDAQ:OTEX) Q4 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Harry Blount - Senior Vice President-Investor Relations Mark J. Barrenechea - Chief Executive Officer and Chief Technology Officer Madhu Ranganathan - Executive Vice President and Chief Financial Officer Conference Call Participants Richard Tse - National Bank Financial George Kurosawa - Citi Kevin Krishnaratne - Scotiabank Paul Treiber - RBC Capital Markets Stephanie Price - CIBC Thanos Mosch ...