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OTEX Open Text

Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.

OTEX stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Feb 21
17 Apr 21
30 Jun 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Open Text earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.5B 1.5B 1.5B 1.5B 1.5B 1.5B
Cash burn (monthly) 114.98M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 409.77M n/a n/a n/a n/a n/a
Cash remaining 1.09B n/a n/a n/a n/a n/a
Runway (months of cash) 9.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

65.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 269 273 -1.5%
Opened positions 38 36 +5.6%
Closed positions 42 41 +2.4%
Increased positions 99 98 +1.0%
Reduced positions 96 99 -3.0%
13F shares
Current Prev Q Change
Total value 8.17B 7.54B +8.4%
Total shares 178.27M 174.25M +2.3%
Total puts 42.3K 144.9K -70.8%
Total calls 144.4K 216.5K -33.3%
Total put/call ratio 0.3 0.7 -56.2%
Largest owners
Shares Value Change
Jarislowsky, Fraser 16.83M $764.16M -2.7%
Caisse De Depot Et Placement Du Quebec 12M $544.8M 0.0%
RY Royal Bank Of Canada 9.66M $439.12M +11.5%
Beutel, Goodman & Co 8.41M $382.49M -3.2%
Harris Associates L P 8.2M $372.44M +25.3%
Vanguard 7.78M $353.72M +0.2%
MKFCF Mackenzie Financial 6.86M $310.91M -3.2%
BLK Blackrock 5.8M $263.69M +3.8%
FMR 5.8M $263.34M +0.9%
GWL Great West Life Assurance 5.14M $234.12M -2.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 2.94M +2.94M NEW
Manufacturers Life Insurance Company, The 4.78M -2.15M -31.0%
Arrowstreet Capital, Limited Partnership 2.8M +2.04M +265.5%
Praesidium Investment Management 0 -1.79M EXIT
Harris Associates L P 8.2M +1.66M +25.3%
Schroder Investment Management 165.88K -1.34M -89.0%
First Trust Advisors 2.2M +1.24M +127.9%
RY Royal Bank Of Canada 9.66M +998.01K +11.5%
American Century Companies 2.28M +996.86K +77.8%
Disciplined Growth Investors 2.53M -926.64K -26.8%

Financial report summary

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Risks
  • The COVID-19 pandemic has and is expected 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 or our finances, and we may incur restructuring charges in connection with such actions.
  • The length of our sales cycle can fluctuate significantly which could result in significant fluctuations in revenues being recognized from quarter to quarter
  • 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
  • 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
  • If our software products and services do not gain market acceptance, our operating results may be negatively affected
  • 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
  • Our investment in our current research and development efforts may not provide a sufficient, timely return
  • Product development is a long, expensive and uncertain process, and we may terminate one or more of our development programs
  • 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
  • The loss of licenses to 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
  • Acquisitions, investments, joint ventures and other business initiatives may negatively affect our operating results
  • 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
  • We may not generate sufficient cash flow to satisfy our unfunded pension obligations
  • 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 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
  • 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
  • Our compensation structure may hinder our efforts to attract and retain vital employees
  • 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
  • Fluctuations in foreign currency exchange rates could materially affect our financial results
  • Our international operations expose us to business, political and economic risks that could cause our operating results to suffer
  • 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 related to data security breaches, may adversely affect our operations
  • Unauthorized disclosures and breaches of data security may adversely affect our operations
  • Our revenues and operating results are likely to fluctuate, which could materially impact the market price of our Common Shares
  • 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
  • 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
  • Our indebtedness could limit our operations and opportunities
  • We may become involved in litigation that may materially adversely affect us
  • 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 a tax examination by the United States Internal Revenue Service (IRS), we have received a Notice of Proposed Adjustment (NOPA) proposing a material increase to our taxes arising from the reorganization in Fiscal 2010 and an additional NOPA proposing a material increase to our taxes arising in connection with our integration of Global 360 in Fiscal 2012 into the structure that resulted from our reorganization. An adverse outcome of these tax examinations could have a material adverse effect on our financial position and results of operations.
  • 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
  • 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
  • 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
  • We may fail to realize all the anticipated benefits of the acquisition of Carbonite or those benefits may take longer to realize than expected
  • We may be unable to maintain or expand our base of SMB and professional consumer customers, which could adversely affect our anticipated future growth and operating results
Management Discussion
  • As an organization, we are committed to "Total Growth", meaning we strive towards delivering value through organic initiatives, innovations and acquisitions, as well as financial performance. With an emphasis on increasing recurring revenues and expanding our margins, we believe our Total Growth strategy will ultimately drive overall cash flow generation, thus helping to fuel our disciplined capital allocation approach and further our ability to deepen our account coverage and identify and execute strategic acquisitions. With strategic acquisitions, we are better positioned to expand our product portfolio and improve our ability to innovate and grow organically, which helps us to meet our long-term growth targets. We believe this “Total Growth” strategy is a durable model that will create shareholder value over both the near and long-term.
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H.S. junior Avg
New words: assigned, construe, France, jointly, legislation, lifted, longstanding, provincial, provisionally, recoverable, release, shortly, stipulated, unrepatriated
Removed: budgeted, documentation, Holding, lengthy, proposing, published, pursuing, receipt, resolved, revised