Open Text(NASDAQ) OTEX

Open Text Corporation helps companies manage and protect their digital records. It provides tools to store files, defend against hackers, and use artificial intelligence to understand data. These services help businesses and government agencies operate more efficiently in the cloud.

Managing Digital Information

• Cloud Services and Subscriptions: Includes hosted software and business-to-business integration tools; accounted for 37.3% of revenue in fiscal year 2026.
• Customer Support: Provides technical assistance and software updates for licensed products; represented 43.6% of revenue in fiscal year 2026.
• Content: Manages document lifecycles and business processes to improve productivity; the company's largest product category.
• Cybersecurity: Protects networks and data for large enterprises and small businesses from cyber threats.
• License: Offers fees from software products used on-premise; accounted for 12.9% of revenue in fiscal year 2026.

Strategic Shifts and Sales

• Acquired KineMatik Ltd. on Aug. 23, 2023, to provide automated business process and project management solutions.
• Acquired Pillr on May 22, 2024, to add cloud-native managed detection and response capabilities for service providers.
• Completed the divestiture of the Application Modernization and Connectivity business on May 1, 2024, for $2.275 billion.
• Sold the eDOCS on-premise solution on Jan. 12, 2026, for $163 million to NetDocuments.
• Divested the Vertica business on May 11, 2026, for $150 million to Rocket Software Inc.

Global Presence and Partners

OpenText maintains strategic alliances with industry leaders including SAP, Google Cloud, and Microsoft to integrate its software into major business platforms. The company employs 19,900 people across 42 countries to support its global client base.

The Numbers for 2026

• Total revenue reached $5.2 billion in fiscal year 2026, up 1.5% year over year.
• Operating cash flow was $1.0 billion for the year ended June 30, 2026, up 21.2% year over year.
• Net income attributable to OpenText hit $643.0 million in fiscal year 2026.
• Adjusted EBITDA, a non-GAAP measure, was $1.9 billion in fiscal year 2026.

A Focus on Information Management

OpenText has transitioned from a document management company into a broad information management and artificial intelligence platform. Recent divestitures and acquisitions show a focus on core data management and cloud-based growth.