Insights
Latest IR news and announcements for OPEN TEXT CORP (OTEX).
A new report by OpenText and Ponemon Institute indicates that while many enterprises are adopting generative AI, security and governance practices lag significantly, posing risks to effective AI deployment and management.
OpenText has increased its share repurchase program by $200 million to a total of $500 million, reflecting confidence in its cash flow. The program allows for the purchase of up to 24.9 million common shares over the next year.
OpenText Corporation will release its second quarter fiscal year 2026 financial results on February 5, 2026, followed by a conference call hosted by key executives to discuss the results and future outlook.
OpenText Corporation announced its financial results for Q2 FY2026, reporting $1.33 billion in total revenues with a 20-quarter streak of cloud organic growth. The company appointed Ayman Antoun as CEO and divested non-core assets.
OpenText Corporation has agreed to sell Vertica, part of its analytics portfolio, to Rocket Software for $150 million. The move aims to refocus on core cloud products and reduce outstanding debt, enhancing long-term growth and shareholder value.
OpenText Corporation has appointed Ayman Antoun as its new CEO, effective April 20, 2026, succeeding James McGourlay. Antoun brings over 30 years of experience in technology leadership, particularly in cloud and digital modernization.
OpenText has finalized the sale of its eDOCS solution to NetDocuments for $163 million, aiming to reduce debt and focus on core business operations, according to Executive Chairman Tom Jenkins.