When it comes to corporate software solutions, Enterprise Resource Planning (ERP) companies Oracle
Collaboration tools and CMS are used to manage, structure, and present information. Companies are finding value in presenting information to various audiences that, before the Internet, seldom got out of HQ for lack of a delivery system. And the ability to collaborate on projects is indispensable, given the increasingly globalized structure of many companies.
One such collaboration and CMS provider with an impressive customer list is Open Text
The results for the quarter were somewhat disappointing and certainly could have been more transparent. Going forward, the company expects revenue of $100 million to $110 million for the fourth-quarter ended June 30th, and $420 million to $450 million for the next fiscal year.
CMS solutions are not one of the first areas that corporations are going to start spending limited IT budgets on, but as spending does increase, this is an area that will experience significant growth and one that doesn't get a lot of attention from investors, yet.
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Fool contributor Mark Mahorney doesn't own shares of any companies mentioned.