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Open Text (OTEX)

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on-premises or in the cloud.

Company profile

Ticker
OTEX
Exchange
CEO
Mark J. Barrenechea
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Open Text Pty Limited • Webroot Pty Ltd. • Open Text Software Austria GmbH • Open Text Tecnologia Da Informação (Brasil) Ltda. • 8493642 Canada Inc. • Open Text Canada Ltd. • Carbonite (China) Co., Ltd • Covisint Software Services (Shanghai) Co., Ltd. • GXS (Shanghai) Software Development Limited • Open Text Software Technology (Shanghai) Co., Ltd ...

OTEX stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 22
12 Aug 22
30 Jun 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 22 Jun 21 Jun 20 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
65.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 275 286 -3.8%
Opened positions 34 36 -5.6%
Closed positions 45 33 +36.4%
Increased positions 87 103 -15.5%
Reduced positions 115 103 +11.7%
13F shares Current Prev Q Change
Total value 7.46B 8.43B -11.4%
Total shares 175.52M 176.58M -0.6%
Total puts 327.4K 209K +56.7%
Total calls 77K 83.9K -8.2%
Total put/call ratio 4.3 2.5 +70.7%
Largest owners Shares Value Change
Jarislowsky, Fraser 15.31M $649.72M -10.6%
FMR 13.64M $578.32M +40.5%
RY Royal Bank Of Canada 12.34M $523.1M -4.0%
MKFCF Mackenzie Financial 10.6M $450.09M +4.4%
Harris Associates L P 10.11M $428.54M +23.5%
Vanguard 9.08M $384.99M +3.0%
Beutel, Goodman & Co 8.7M $368.94M -2.7%
American Century Companies 6.11M $259.22M +14.2%
FSZ Fiera Capital 4.73M $201.08M -4.3%
BMO Bank of Montreal 4.57M $195.81M -25.4%
Largest transactions Shares Bought/sold Change
FMR 13.64M +3.93M +40.5%
Norges Bank 0 -2.82M EXIT
Arrowstreet Capital, Limited Partnership 0 -2.23M EXIT
Harris Associates L P 10.11M +1.92M +23.5%
Jarislowsky, Fraser 15.31M -1.82M -10.6%
FIL 1.66M +1.66M NEW
BMO Bank of Montreal 4.57M -1.56M -25.4%
Caisse De Depot Et Placement Du Quebec 0 -1.31M EXIT
First Pacific Advisors 3.33M +1.16M +53.3%
BAC Bank Of America 2M +1.1M +121.8%

Financial report summary

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Risks
  • If we do not continue to develop technologically advanced products that successfully integrate with the software products and enhancements used by our customers, future revenues and our operating results may be negatively affected
  • Product development is a long, expensive and uncertain process, and we may terminate one or more of our development programs
  • Our investment in our current research and development efforts may not provide a sufficient or timely return
  • If our software products and services do not gain market acceptance, our operating results may be negatively affected
  • Failure to protect our intellectual property could harm our ability to compete effectively
  • Other companies may claim that we infringe their intellectual property, which could materially increase costs and materially harm our ability to generate future revenues and profits
  • Our software products and services may contain defects that could harm our reputation, be costly to correct, delay revenues and expose us to litigation
  • Our software products rely on the stability of infrastructure software that, if not stable, could negatively impact the effectiveness of our products, resulting in harm to our reputation and business
  • Risks associated with the evolving use of the Internet, including changing standards, competition and regulation and associated compliance efforts, may adversely impact our business
  • Business disruptions, including those arising from disasters or other catastrophic events, may adversely affect our operations
  • Unauthorized disclosures, cyber-attacks and breaches of data security may adversely affect our operations
  • Our success depends on our relationships with strategic partners, distributors and third-party service providers and any reduction in the sales efforts by distributors, cooperative efforts from our partners or service from third party providers could materially impact our revenues
  • The loss of licenses to resell or use third-party software or the lack of support or enhancement of such software could adversely affect our business
  • Current and future competitors could have a significant impact on our ability to generate future revenues and profits
  • The length of our sales cycle can fluctuate significantly which could result in significant fluctuations in revenues being recognized from quarter to quarter
  • Our existing customers might cancel contracts with us, fail to renew contracts on their renewal dates and/or fail to purchase additional services and products, and we may be unable to attract new customers, which could materially adversely affect our operating results
  • Consolidation in the industry, particularly by large, well-capitalized companies, could place pressure on our operating margins which could, in turn, have a material adverse effect on our business
  • We may be unable to maintain or expand our base of SMB and consumer customers, which could adversely affect our anticipated future growth and operating results
  • Our sales to government clients expose us to business volatility and risks, including government budgeting cycles and appropriations, early termination, audits, investigations, sanctions and penalties
  • Geopolitical instability, political unrest, war and other global conflicts, including the Russia-Ukraine conflict, has affected and may continue to affect our business
  • The COVID-19 pandemic has and may continue to further negatively affect our business, operations and financial performance
  • The impact of the COVID-19 pandemic continues to create significant uncertainty in the global economy and for our business, operations and financial performance
  • The restructuring of our operations, including steps taken to mitigate the anticipated negative impact of the COVID-19 pandemic, may be ineffective and may adversely affect our business and our finances, and we may incur additional restructuring charges in connection with such actions
  • We have implemented a Flex-Office program, which will subject us to certain operational challenges and risks
  • We must continue to manage our internal resources during periods of company growth, or our operating results could be adversely affected
  • If we lose the services of our executive officers or other key employees or if we are not able to attract or retain top employees, our business could be significantly harmed
  • Our compensation structure may hinder our efforts to attract and retain vital employees
  • Increased attention from shareholders, customers and other key relationships regarding our ESG practices could impact our business activities, financial performance and reputation
  • Acquisitions, investments, joint ventures and other business initiatives may negatively affect our operating results
  • We may be unable to successfully integrate acquired businesses or do so within the intended timeframes, which could have an adverse effect on our financial condition, results of operations and business prospects
  • Loss of key personnel could impair the integration of acquired businesses, lead to loss of customers and a decline in revenues, or otherwise could have an adverse effect on our operations
  • We may fail to realize all of the anticipated benefits of any acquisitions, including our acquisition of Zix, or those benefits may take longer to realize than expected
  • Businesses we acquire may have disclosure controls and procedures and internal controls over financial reporting, cybersecurity and compliance with data privacy laws that are weaker than or otherwise not in conformity with ours
  • Our provision for income taxes and effective income tax rate may vary significantly and may adversely affect our results of operations and cash resources
  • As part of the ongoing audit of our Canadian tax returns by the Canada Revenue Agency (CRA), we have received notices of, and are appealing, reassessments for Fiscal 2012, Fiscal 2013, Fiscal 2014, Fiscal 2015 and Fiscal 2016, and the CRA is auditing Fiscal 2017. An adverse outcome of these ongoing audits could have a material adverse effect on our financial position and results of operations
  • Risks associated with data privacy issues, including evolving laws and regulations and associated compliance efforts, may adversely impact our business
  • Certain of our products may be perceived as, or determined by the courts to be, a violation of privacy rights and related laws. Any such perception or determination could adversely affect our revenues and results of operations
  • We may not generate sufficient cash flow to satisfy our unfunded pension obligations
  • Fluctuations in foreign currency exchange rates could materially affect our financial results
  • Our indebtedness could limit our operations and opportunities
  • Our revenues and operating results are likely to fluctuate, which could materially impact the market price of our Common Shares
  • Changes in the market price of our Common Shares and credit ratings of our outstanding debt securities could lead to losses for shareholders and debt holders
  • Unexpected events may materially harm our ability to align when we incur expenses with when we recognize revenues
  • We may fail to achieve our financial forecasts due to inaccurate sales forecasts or other factors
  • Our international operations expose us to business, political and economic risks that could cause our operating results to suffer
  • We may become involved in litigation that may materially adversely affect us
  • The declaration, payment and amount of dividends will be made at the discretion of our Board of Directors and will depend on a number of factors
  • Our operating results could be adversely affected by any weakening of economic conditions
  • Stress in the global financial system may adversely affect our finances and operations in ways that may be hard to predict or to defend against
Management Discussion
  • (1)Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results.
  • (2)Adjustment relates to the exclusion of amortization expense from our Non-GAAP-based operating expenses as the timing and frequency of amortization expense is dependent on our acquisitions and is hence excluded from our internal analysis of operating results.
  • (3)GAAP-based and Non-GAAP-based gross profit stated in dollars and gross margin stated as a percentage of total revenue.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Patents

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Methods and systems are provided for detecting a change in web content of a web page.
Utility
System and Method for Selectively Sending, Delivery and Receiving of Faxes
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Embodiment of systems and methods for the sending, delivery or receiving of faxes are disclosed herein.
Utility
Automatic threat detection of executable files based on static data analysis
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Aspects of the present disclosure relate to threat detection of executable files.
Utility
Mechanism for webpage composition
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During web application development, receiving a request for a webpage for a first business object type, the first request comprising a first business object type identifier of the first business object type, receiving a first expression for selecting an instance of the first business object type from a plurality of instances of the first business object type from an object data source, the expression specifying a first data source and an operation and generating the webpage, the webpage comprising a first user interface (UI) widget for the first business object type and a first instruction for prepopulating the first UI widget with first data from the instance of the first business object type, the first instruction including the first expression, the first expression executable to perform the operation on data from the first data source to generate a result identifying the instance of the first business object type.
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Performing data mining operations within a columnar database management system
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