Open Text

Ticker: OTEX

Sector: Software

Open Text

OpenText is a Canadian company that develops and sells enterprise information management software. OpenText employs 24,100 people worldwide, and is a publicly traded company, listed on the Nasdaq (OTEX) and the Toronto Stock Exchange. OpenText launched its artificial intelligence (AI) and analytics platform, OpenText Magellan, at the companys Enterprise World conference in July 2017. OpenText announced its financial results for the fourth quarter and fiscal year ended June 2023. Opentext.ai and OpenText Aviator™, our vision and initial AI products, to be the trusted partner for our customers AI journey. The value we are generating through the OpenText Business System of Total Growth OpenText continued to impress, with its operating margin coming in at 31% on adjusted earnings before interest, taxes, depreciation and amortization of $463 million. For its full fiscal year 2023, OpenText reported adjusted earnings per share of $3.29. OpenText finished its fiscal year with record revenue of $4.5 billion (about €4.1 billion) OpenText acquired Micro Focus, including Vertica, earlier this year. OpenText spent a lot this year on the acquisition. OpenText Reports Fourth Quarter and Fiscal Year 2023 Financial Results. CEO and Chief Technology Officer Mark J. Blount on the conference call. OpenText announced OpenText.ai, OpenText Aviator, an OpenText. Aviator private cloud offers customers the ability to leverage Aviator with highly specialized learning models in a secure private cloud environment. Westpac Banking Corp Purchases New Shares in Open Text Co. (NASDAQ:OTEX) - defense world. front. OpenText acquired U.K.-based IT software vendor and consultancy Micro Focus for $6 billion on January 31. Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship. There are several ways to open a text file in Excel. Use the Get & Transform Data feature to use the Text Import Wizard to open text files. Westpac Banking Corp. shows confidence in Open Text Co. as a leader in the information management software industry - best stocks. OpenText generated revenue of $1.24 billion during this period. Open Text Co., with a market capitalization of $11.07 billion, boasts a respectable price-earnings ratio of 36.47 and a beta of 1.04 that suggests the stock is moderately volatile relative to the market index. Citigroup, Barclays, and TD Securities also chimed in with positive evaluations. Open Text trades on the NASDAQ under the ticker symbol OTEX. Open Text currently has 271,186,620 outstanding shares. The total value of Open Text stock (market capitalization) is $10.98B.