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 | --- | --- | --- | |----------------------------------|-------------------------------------------------------------------------|--------------- ...

Core Insights - OpenText reported total revenues of $1.27 billion for Q1 FY'25, reflecting an 11.0% year-over-year decline, but a 1.8% decrease when adjusted for the AMC divestiture [1][3] - The company achieved a net income margin of 7% and a robust adjusted EBITDA margin of 35.0% [1][2] - OpenText has maintained 15 consecutive quarters of organic growth in cloud revenues, which reached $457 million, up 1.3% year-over-year [1][3] Financial Performance - Annual recurring revenues (ARR) accounted for 83% of total revenues, totaling $1.05 billion, down 8.4% year-over-year [1][3] - GAAP-based net income attributable to OpenText was $84 million, with a diluted GAAP EPS of $0.32, representing a 6.7% increase from the previous year [1][3] - Non-GAAP diluted EPS was reported at $0.93, down 7.9% year-over-year [1][3] Shareholder Returns - The company returned $154 million to shareholders, which included $69 million in dividends and $85 million in share repurchases [3][6] - OpenText purchased and canceled 7.72 million shares over the last two quarters as part of its capital return strategy [2][6] Operational Highlights - OpenText's operating cash flows were negative at ($78) million, and free cash flows were also negative at ($117) million, primarily due to a one-time tax payment related to the AMC divestiture [3][21] - The company is on track to return approximately $570 million in capital to shareholders in Fiscal 2025 [2][3] Strategic Focus - OpenText continues to invest in its future growth areas, including Business Clouds, Business AI, and Cyber Security, with plans to showcase innovations at the upcoming OpenText World User Conference [2][3] - The company aims to drive operational efficiencies and has a defined path for future margin and cash flow growth [2][3]

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 ...

Core Insights - The 16th edition of the World Quality Report highlights the significant role of Generative AI in Quality Engineering, indicating a shift in skills necessary for Agile development environments [1][2][3] Adoption of Generative AI - 68% of organizations are either actively using Generative AI (34%) or have developed implementation roadmaps following successful pilot projects (34%) [3] - Test automation is the primary area benefiting from Generative AI, with 72% of respondents reporting faster automation processes due to its integration [3] Upskilling and Learning Pathways - 82% of organizations have dedicated learning pathways for their Quality Engineering teams, but only 50% actively track the effectiveness of these programs [4] - Continuous learning in skills such as Generative AI, Agile integration, and cross-functional collaboration is emphasized as crucial [4] Challenges in Automation - 57% of organizations lack comprehensive test automation strategies, while 64% rely on legacy systems, which are identified as significant barriers to advancing automation efforts [4] Sustainability and Green IT - Only 25% of organizations measure the environmental impact of their overall IT development, and 44% track the impact of testing activities [5] - 34% of respondents implement efficient Quality Engineering practices to promote sustainability, indicating a need for comprehensive Green IT strategies [5] Strategic Value of Quality Engineering - The report stresses the importance of aligning Quality Engineering metrics with business outcomes to demonstrate its strategic value [2][6] - Industry leaders recognize the growing role of AI and emerging technologies in Quality Engineering, highlighting the need for organizations to communicate this value effectively [6]

New collaboration provides elevated service offerings with financial protection to attract and retain clients resulting in increased revenue streamsWATERLOO, ON, Oct. 21, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced a strategic partnership with Cork Inc., adding the cyber warranty solutions to provide a holistic solution portfolio tailored specifically for Small and Medium Businesses (SMBs) and Managed Service Providers (MSPs). This alliance will empower MSPs to offer a distinc ...

While companies improve defenses, almost half of respondents still suffer ransomware attacks and the resulting ransom payments only perpetuate the cycle of vulnerability WATERLOO, ON, Oct. 10, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released its third annual 2024 Global Ransomware Survey, which reveals the current state of ransomware attacks, including ransom payments, the impact of software supply chain attacks and generative AI. The report found that supply chain attacks are wides ...

As generative AI usage becomes more widespread, two-thirds of respondents expressed concern about AI systems collecting their data WATERLOO, ON, Oct. 3, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released the results of Webroot's 2024 GenAI Consumer Trends and Privacy Report. The survey of over 1,000 U.S. consumers found that 39% of consumers use generative AI at least weekly, but significant privacy concerns persist, especially among parents. Additionally, while consumers have taken s ...

Core Viewpoint - The article highlights the effectiveness of value investing and identifies Open Text (OTEX) as a strong value stock based on its financial metrics and Zacks Rank [3][6]. Group 1: Value Investing Strategy - Value investing is a popular strategy that has shown success across various market conditions, utilizing valuation metrics to identify undervalued stocks [2]. - The Zacks Rank system focuses on earnings estimates and revisions to identify winning stocks, while also considering trends in value, growth, and momentum [1]. Group 2: Open Text (OTEX) Financial Metrics - Open Text (OTEX) has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating it is among the best value stocks currently available [3]. - OTEX has a Price-to-Sales (P/S) ratio of 1.54, significantly lower than its industry's average P/S of 4.46, suggesting it is undervalued [4]. - The company also has a Price-to-Cash Flow (P/CF) ratio of 6.93, compared to the industry's average of 22.53, further indicating its attractive valuation [5]. - Over the past 52 weeks, OTEX's P/CF has fluctuated between 5.96 and 11.75, with a median of 8.61, reinforcing its current undervaluation [5]. Group 3: Earnings Outlook - The combination of OTEX's strong earnings outlook and favorable financial metrics suggests that it is an impressive value stock at this time [6].