Welcome to our dedicated page for Open Text news (Ticker: OTEX), a resource for investors and traders seeking the latest updates and insights on Open Text stock.
OpenText Corp (OTEX) specializes in enterprise information management solutions that integrate cloud technologies, AI, and cybersecurity innovations. This news hub provides investors and professionals with essential updates about the company's strategic initiatives and market position.
Access official press releases, earnings reports, and analysis of OpenText's developments in cloud platforms, data security enhancements, and strategic partnerships. Our curated collection helps stakeholders track regulatory compliance updates, product launches, and technology integrations critical to the EIM sector.
Discover updates across key operational areas including Content Cloud advancements, cybersecurity protocol updates, and business network expansions. The resource is regularly updated to reflect OpenText's role in enabling digital transformation through intelligent information management solutions.
Bookmark this page for streamlined access to verified OpenText announcements and industry analysis. Monitor how the company addresses evolving challenges in data governance, DevSecOps implementations, and global IT infrastructure demands.
OpenText (NASDAQ: OTEX, TSX: OTEX) has partnered with Lakehead University to create up to 25 full-time summer internships for Indigenous students. The internships will be remote and span four months, focusing on areas such as software engineering, marketing, and finance. This initiative aims to provide students with valuable skills and experiences, fostering their career readiness. The recruitment for the program starts this fall, with placements expected in summer 2022. The partnership emphasizes the importance of removing barriers faced by Indigenous students in the job market.
Open Text Corporation (NASDAQ: OTEX) reported the successful conclusion of its Annual General Meeting held on September 15, 2021, where all proposals submitted were approved by shareholders. A total of 221,756,497 shares, representing 81.60% of outstanding common shares, participated in the meeting. The proposed twelve directors were elected with significant support, including David Fraser garnering 99.75% in favor. The voting results were detailed in reports filed on SEDAR and EDGAR.
OpenText (NASDAQ: OTEX, TSX: OTEX) announced the launch of ConneXions, a virtual conference set for September 14, 2021. This event aims to foster discussions on building digital resilience to minimize supply chain disruptions experienced due to various global challenges, including natural disasters and COVID-19. Industry leaders from companies like Nestlé, Godiva, and Lear Corporation will share insights on leveraging cloud solutions and enhancing operational flexibility. For registration details, visit OpenText's website.
OpenText (NASDAQ: OTEX) announced the integration of N-central into its Webroot Business Endpoint Protection platform, enhancing security for Managed Service Providers (MSPs) and small to medium-sized businesses (SMBs). This partnership aims to deliver a simplified security ecosystem, enabling organizations to manage multiple endpoints efficiently. Key benefits include easy deployment, real-time access to agent status, and customizable scans.
Quinn Curtis emphasized the need for manageable cybersecurity solutions, while Panagiotis Koskeridis highlighted improved visibility and support for clients. The integration responds to the evolving security needs of MSPs.
OpenText (NASDAQ: OTEX) has expanded its data center in The Netherlands to bolster support for Carbonite® Server. The move aims to enhance flexibility for small and medium-sized business (SMB) customers, ensuring compliance with UK and EU regulations. Industry leaders recognize the importance of this expansion in addressing data sovereignty challenges, while enhancing the GDPR compliance options for clients. The Carbonite Server solution offers a comprehensive backup and recovery system, reinforcing OpenText's commitment to grow its presence in Europe.
OpenText Corporation (OTEX) reported record annual revenues of $3.39 billion for fiscal 2021, up 8.9% year-over-year, driven by cloud revenue growth of 21.6% to $1.4 billion. Annual recurring revenues reached $2.74 billion, representing 81% of total revenues. GAAP net income rose by 32.6% to $310.7 million with a margin of 9.2%. The company repurchased 2.5 million shares for $119.1 million and increased its quarterly dividend by 10% to $0.2209 per share, signaling a strong commitment to returning value to shareholders.
OpenText (NASDAQ: OTEX) has introduced a new offering, OpenText Advisory Services, aimed at assisting organizations in maximizing their information management investments. This strategic service encompasses tailored consultation covering various disciplines, from strategy and governance to operational optimization. With over 3,000 experienced professionals, OpenText aims to provide clients with a clear vision and dynamic roadmap for digital transformation, ensuring alignment with strategic initiatives and facilitating growth.
OpenText has introduced Cloud Editions (CE) 21.3, enhancing its cloud solutions with new products aimed at improving information management. The launch includes the OpenText Experience Customer Data Platform for better customer targeting and Magellan Risk Guard for content compliance. Updates to the Extended ECM for Office 365 enhance collaboration tools. The Developer Cloud now offers advanced APIs, and significant innovations in security and regulatory solutions were also announced. This update positions OpenText to meet the increasing demand for cloud-based digital transformation.
OpenText (NASDAQ: OTEX), a leader in information management solutions, announced that Eurowings GmbH has implemented OpenText Exceed TurboX for enhanced remote access to critical flight operations applications. This shift, prompted by pandemic challenges, ensures secure connectivity and improved efficiency in managing real-time operational changes. The solution allows users to manage applications remotely, facilitating uninterrupted productivity and operational continuity.
