Source-grounded facts extracted from OPEN TEXT CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
OPEN TEXT CORP reported third quarter ended March 31, 2026 results: revenue $1.283 billion, net income $173 million, EPS $0.70.
“outstanding, a reduction of 6.7% year-over-year.” Steve Rai, OpenText Executive Vice President, Chief Financial Officer Third Quarter Financial Highlights Y/Y • Total revenues: $1.283 billion, +2.2% Y/Y • Annual recurring revenues (ARR): $1.058 billion, +2.7% Y/Y • Cloud revenues: $493 million, +6.6% Y/Y, 21 consecutive quarters of cloud organic growth • Quarterly”
OPEN TEXT CORP reported third quarter fiscal year 2026 results: revenue approximately US$1.28 billion.
“On April 10, 2026, Open Text Corporation (“OpenText” or the “Company”) issued a press release announcing its preliminary third quarter fiscal year 2026 revenue expectations of approximately US$1.28 billion.”
OPEN TEXT CORP announced a restructuring with charges of up to approximately $200 million affecting globally (approximately 2,000 positions).
“On April 29, 2025, the Board of Directors of the Company approved an expansion of its previously announced Business Optimization Plan to complete strategic initiatives, integration and simplification following the Micro Focus acquisition, AMC divestiture and other growth and innovation plans including the deployment of AI and automation. The Company expects up to approximately $200 million of additional costs to be incurred to complete this final phase of the Business Optimization Plan, bringing the combined plan up to approximately $260 million. This expansion includes costs associated with workforce reduction due to automation, centralization and simplification, and corresponding facility costs related to a reduction of the Company’s real estate footprint globally. On an overall basis, the expansion is expected to result in a total net reduction of approximately 2,000 positions, an increase of approximately 1,600 positions from the previously announced plan.”
Madhu Ranganathan departed as Chief Financial Officer at OPEN TEXT CORP.
“to succeed Madhu Ranganathan.”
Chadwick Westlake was appointed as Executive Vice President, Chief Financial Officer at OPEN TEXT CORP.
“appointment of Chadwick Westlake as Executive Vice President, Chief Financial Officer, effective March 5, 2025, to succeed Madhu Ranganathan.”
Muhi Majzoub changed role as EVP, Security Products at OPEN TEXT CORP.
“Muhi Majzoub would be taking on a new role as EVP, Security Products”
Savinay Berry was appointed as EVP & Chief Product Officer at OPEN TEXT CORP.
“Open Text Corporation (“OpenText”) announced the appointment of Savinay Berry as EVP & Chief Product Officer”
Fletcher Previn was appointed as Director at OPEN TEXT CORP.
“On November 25, 2024, the Board of Directors (the “Board”) of Open Text Corporation (“OpenText”) appointed Fletcher Previn to its board of directors.”
Ann M. Powell resigned as Director at OPEN TEXT CORP.
“Ann M. Powell informed the Company of her decision not to stand for election to the Board of Directors of the Company at the Meeting.”
Annette Rippert was appointed as director at OPEN TEXT CORP.
“On July 9, 2024, the Board of Directors (the “Board”) of Open Text Corporation (“OpenText”) appointed Annette Rippert as a director, effective immediately.”
OPEN TEXT CORP amended term loan with Barclays Bank PLC at Term SOFR (as defined in the Term Loan Credit Agreement) plus an applicable marg.
“The Term Loan Amendment reduces the applicable margin by 0.50% and removes the 0.10% SOFR adjustment. Following the Term Loan Amendment, at the Company’s election, loans made under the Term Loan Credit Agreement will bear interest at (i) the Base Rate (as defined in the Term Loan Credit Agreement) plus an applicable margin of 1.25%, (ii) Term SOFR (as defined in the Term Loan Credit Agreement) plus an applicable margin of 2.25% or (iii) Daily Simple SOFR (as defined in the Term Loan Credit Agreement) plus an applicable margin of 2.25%.”
OPEN TEXT CORP amended Term Loan Amendment with Barclays Bank PLC and the lenders party thereto (effective 2024-05-15).
“On May 15, 2024, Open Text Corporation (“OpenText” or the “Company”) and certain of its subsidiaries entered into an amendment (the “Term Loan Amendment”) to the Company's Credit Agreement, dated as of August 25, 2022 (the “Existing Term Loan Credit Agreement”, and as amended, supplemented or otherwise modified as of the effective date of the Term Loan Amendment, including by the Term Loan Amendment, the “Term Loan Credit Agreement”), among the Company, the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent.”
OPEN TEXT CORP reported financial results for the third quarter ended March 31, 2024.
“On May 2, 2024 , Open Text Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.”
OPEN TEXT CORP completed a disposition involving Rocket Software, Inc. and Rocket Software UK Limited (collectively, Rocket) for all-cash purchase price of US$2.275 billion, before taxes, fees and other adjustments (closed 2024-05-01).
“generally assume all liabilities related to the AMC Group, subject to certain exceptions (such transactions collectively, the “Transaction”), for an all-cash purchase price of US$2.275 billion, before taxes, fees and other adjustments. The Company intends to use the net proceeds from the Transaction to prepay outstanding principal balances on the Company’s Term Loan B”
Madhu Ranganathan changed role as President, CFO & Corporate Development at OPEN TEXT CORP.
“Ms. Madhu Ranganathan as President, CFO & Corporate Development”
Paul Duggan changed role as President and Chief Customer Officer at OPEN TEXT CORP.
“promotions of Mr. Paul Duggan as President and Chief Customer Officer”
Todd Cione was appointed as President of OpenText Worldwide Sales at OPEN TEXT CORP.
“the appointment of Mr. Todd Cione as President of OpenText Worldwide Sales”
Simon (Ted) Harrison retired as EVP, Enterprise Sales at OPEN TEXT CORP.
“Mr. Simon (Ted) Harrison, EVP, Enterprise Sales, has decided to retire from the Company effective September 15, 2024.”
OPEN TEXT CORP reported the second quarter ended December 31, 2023 results: revenue $1.535 billion, net income $38 million, EPS $0.14. Guidance raised.
“of any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- OpenText Reports Second Quarter Fiscal Year 2024 Financial Results Record Total Revenues of $1.535 billion Up 71% Y/Y Record Enterprise Cloud Bookings Fiscal 2024 Second Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in”
OPEN TEXT CORP amended credit facility with Barclays Bank PLC maturing December 19, 2028.
“The Second Amendment amends the Revolver to provide for, among other things, (i) the replacement of OTHI with Open Text Inc. as borrower, (ii) the extension of the Revolver's maturity date from October 31, 2024 to December 19, 2028, and (iii) the removal of the 10-basis point credit spread adjustment for loans bearing interest based on SOFR.”
Goldy Hyder was appointed as Director at OPEN TEXT CORP.
“On December 6, 2023, the Board of Directors (the “Board”) of Open Text Corporation (“OpenText”) appointed Goldy Hyder as a director, effective immediately.”
OPEN TEXT CORP entered into Purchase Agreement with Rocket Software, Inc. valued at US$2.275 billion (effective 2023-11-28).
“On November 28, 2023, Open Text Corporation (“OpenText” or the “Company”) entered into a Purchase Agreement (the “Agreement”) with Rocket Software, Inc. (the “Buyer”), pursuant to which OpenText has agreed to divest, directly and indirectly through certain subsidiaries, its Application Modernization and Connectivity business (the “Business”) and the Buyer has agreed to purchase the same and generally assume all liabilities related to the Business, subject to certain exceptions (such transactions collectively, the “Transaction”), for an all-cash purchase price of US$2.275 billion”
OPEN TEXT CORP reported first quarter ended September 30, 2023 results: revenue $1.425 billion, net income $81 million, EPS $0.30.
“Constant Currency $1,425 $1,410 $1,149 $1,137 $451 $449 +67.3% +65.4% +59.1% +57.5% +11.5% +10.9% Annual Recurring Revenues represent 81% of Total Revenues • Total revenues of $1.425 billion, up 67.3% Y/Y or up 65.4% in constant currency (CC) • Annual recurring revenues (ARR) of $1,149 million, up 59.1% Y/Y or up 57.5% in CC • Cloud revenues of $451 million, up 11.5%”
OPEN TEXT CORP shareholders rejected Shareholder Advisory Vote on Executive Compensation (Say-on-Pay Vote) at the 2023-09-14 meeting.
“The results of the non-binding advisory vote on the Company’s approach to executive compensation are set forth below: Votes For Votes Against 64,500,361 (29.52%) 153,973,475 (70.48%) There were 2,540,188 broker non-votes.”
OPEN TEXT CORP shareholders approved Re-Appointment of Independent Auditors at the 2023-09-14 meeting.
“The shareholders approved the re-appointment of KPMG LLP, Chartered Professional Accountants, as the independent auditors of the Company to hold office until the next annual meeting of shareholders or until a successor is appointed, as set forth below: Votes For Votes Withheld 197,831,631 (89.51%) 23,180,809 (10.49%) There were 1,584 broker non-votes.”
OPEN TEXT CORP shareholders approved Election of Directors at the 2023-09-14 meeting.
“The following table sets forth information regarding the election of each of the following nominees as directors of the Company until the next annual meeting of shareholders of the Company or until the successor of such director is duly elected or appointed: Outcome of Vote Vote For Votes Against Broker Non-Votes (a) P. Thomas Jenkins Carried by ballot 195,700,281 89.58 % 22,773,559 10.42 % 2,540,184 (b) Mark J. Barrenechea Carried by ballot 211,517,039 96.82 % 6,956,801 3.18 % 2,540,184 (c) Randy Fowlie Carried by ballot 191,898,709 87.84 % 26,575,130 12.16 % 2,540,185 (d) David Fraser Carried by ballot 193,710,683 88.67 % 24,763,157 11.33 % 2,540,184 (e) Gail E. Hamilton Carried by ballot 150,658,728 68.96 % 67,813,324 31.04 % 2,541,972 (f) Robert Hau Carried by ballot 217,045,162 99.35 % 1,428,678 0.65 % 2,540,184 (g) Ann M. Powell Carried by ballot 146,732,480 67.16 % 71,739,571 32.84 % 2,541,973 (h) Stephen J. Sadler Carried by ballot 204,429,679 93.57 % 14,044,161 6.43 % 2,540,18”
OPEN TEXT CORP amended term loan with Barclays Bank PLC at Term SOFR plus an applicable margin of 2.75% and the SOFR Adjustment.
“On August 14, 2023, Open Text Corporation (“OpenText” or the “Company”) and certain of its subsidiaries entered into an amendment (the “Term Loan Amendment”) to the Company’s Credit Agreement, dated as of August 25, 2022 (the “Existing Term Loan Credit Agreement", and as amended, supplemented or otherwise modified as of the effective date of the Term Loan Amendment, including by the Term Loan Amendment, the “Term Loan Credit Agreement”), among the Company, the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent. The Term Loan Amendment reduces the Applicable Margin (as defined in the Term Loan Credit Agreement) by 0.75% over the remainder of the Term Loan.”
OPEN TEXT CORP amended Term Loan Amendment with Barclays Bank PLC, as administrative agent and collateral agent, and the lenders and subsidiary guarantors party thereto (effective 2023-08-14).
“On August 14, 2023, Open Text Corporation (“OpenText” or the “Company”) and certain of its subsidiaries entered into an amendment (the “Term Loan Amendment”) to the Company’s Credit Agreement, dated as of August 25, 2022 (the “Existing Term Loan Credit Agreement", and as amended, supplemented or otherwise modified as of the effective date of the Term Loan Amendment, including by the Term Loan Amendment, the “Term Loan Credit Agreement”), among the Company, the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent.”
OPEN TEXT CORP reported the year ended June 30, 2023 results: revenue $4,485, net income $150 million, EPS $0.56.
“Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $4,485 $4,617 $3,615 $3,718 $1,700 $1,739 +28.4% +32.2% +26.2% +29.7% +10.8% +13.3% Annual Recurring Revenues represent 81% of Total Revenues • Total revenues of $4.5 billion up 28.4%”
OPEN TEXT CORP reported the quarter ended June 30, 2023 results: revenue $1,491, net income ($49) million, EPS ($0.18).
“Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $1,491 $1,502 $1,157 $1,167 $452 $455 +65.2% +66.5% +56.4% +57.7% +9.7% +10.6% Annual Recurring Revenues represent 78% of Total Revenues • Total revenues of $1.5 billion, up 65.2% Y/Y or”
OPEN TEXT CORP reported third quarter ended March 31, 2023 results: revenue $1.24 billion, net income $58 million, EPS $0.21.
“Fiscal 2023 Third Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $1,245 $1,278 $1,011 $1,036 $435 $444 +41.1% +44.9% +37.7% +41.1% +8.3% +10.4% Annual Recurring Revenues represent 81% of Total Revenues • Total revenues of $1.24 billion, up 41.1% Y/Y or up 44.9% in constant currency • Annual Recurring Revenues (ARR) of $1.01 billion, up 37.7% Y/Y or up 41.1% in constant currency • Cloud revenues of $435 million, up 8.3% Y/Y or up 10.4% in constant currency • Nine consecutive quarters of cloud organic and ARR organic growth in constant currency • Quarterly enterprise cloud bookings (1) of $108 million, constant Y/Y • Operating cash flows of $337 million and free cash flows (3) of $306 million • TTM operating cash flows (2) of $916 million and TTM free cash flows (2)(3) of $778 million • GAAP-based net income of $58 million, down 22.9% Y/Y,”
OPEN TEXT CORP completed an acquisition involving Micro Focus International Limited for 532 pence per share in cash, resulting in an aggregate purchase price of approximately $5.8 billion.
“a provider of software technology and services that help customers accelerate digital transformation, through a subsidiary of the Company, Open Text UK Holding Limited, for 532 pence per share in cash, resulting in an aggregate purchase price of approximately $5.8 billion, inclusive of Micro Focus’ cash and debt, subject to final adjustments (the”
OPEN TEXT CORP reported the quarter ended December 31, 2022 results: revenue $897 million, net income $258 million, EPS $0.96.
“Total revenues of $897 million, up 2.4% Y/Y or up 7.8% in constant currency • Annual recurring revenues (ARR) of $725 million, up 3.6% Y/Y or up 8.7% in constant currency • Cloud revenues of $409 million, up 12.0% Y/Y or up 16.0% in constant currency • Eight consecutive quarters of cloud organic and ARR organic growth in constant currency • Strong quarterly enterprise cloud bookings (1) of $144.7 million, up 12% Y/Y • Operating cash flows of $195 million and free cash flows (3) of $163 million • TTM operating cash flows (2) of $903 million and TTM free cash flows (2)(3) of $778 million • GAAP-based net income of $258 million, up 192.7% Y/Y, margin of 28.8%, up 1,870 basis points Y/Y, including $172 million of pretax unrealized gains on mark-to-market valuations related to derivative transactions in connection with the Micro Focus acquisition • Adjusted EBITDA (3) of $341 million, margin of 38.0% and TTM Adjusted EBITDA (2)(3) of $1,243 million, margin of 35.2% • GAAP-based diluted earn”
OPEN TEXT CORP completed an acquisition involving Micro Focus International PLC for approximately $5.8 billion, inclusive of Micro Focus’ cash and debt, subject to final adjustments (closed 2023-01-31).
“On January 31, 2023, the Company completed the acquisition (the “Acquisition”) of all of the outstanding ordinary shares of Micro Focus for 532 pence per share and upon such further terms as described in the Rule 2.7 Announcement, resulting in an aggregate purchase price of approximately $5.8 billion, inclusive of Micro Focus’ cash and debt, subject to final adjustments.”
OPEN TEXT CORP incurred term loan of $3.585 billion with Barclays Bank PLC.
“and Barclays Bank PLC, as administrative agent. The Term Loan Credit Agreement provided for a senior secured delayed-draw term loan facility in an aggregate principal amount of $3.585 billion (the “Term Loan Facility”). In connection with the consummation of the Acquisition, on January 31, 2023, the Company drew down the entire Term Loan Facility to pay a portion of”
Cosmin Balota was appointed as Senior Vice President and Chief Accounting Officer at OPEN TEXT CORP.
“The Company has appointed OpenText finance executive veteran, Cosmin Balota, 48, as its principal accounting officer to serve in the position of Senior Vice President and Chief Accounting Officer, effective as of December 15, 2022.”
Howard Rosen retired as Chief Accounting Officer at OPEN TEXT CORP.
“On December 2, 2022, Howard Rosen, Chief Accounting Officer of Open Text Corporation (OpenText or the Company) retired from the Company and his position as principal accounting officer, effective December 15, 2022.”
OPEN TEXT CORP amended term loan of $3.585 billion with Barclays Bank PLC at Term SOFR plus an applicable margin of 3.50% and the SOFR Adjustment.
“The Term Loan Amendment provides for an increase in the aggregate commitments under the Existing Term Loan Credit Agreement to $3.585 billion.”
OPEN TEXT CORP incurred senior notes of $1 billion with The Bank of New York Mellon at 6.90% per annum maturing December 1, 2027.
“On December 1, 2022, OpenText issued and sold $1 billion in aggregate principal amount of 6.90% senior secured notes due 2027 (the “Notes”)”
OPEN TEXT CORP amended Bridge Loan Amendment with the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent (effective 2022-12-01).
“On December 1, 2022, the Company and certain of its subsidiaries entered into an amendment (the “Bridge Loan Amendment”) to the Company’s Bridge Loan Agreement, dated as of August 25, 2022 (the “Existing Bridge Loan Agreement”, and as amended, supplemented or otherwise modified as of the effective date of the Bridge Loan Amendment, including by the Bridge Loan Amendment, the “Bridge Loan Agreement”), among the Company, the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent.”
OPEN TEXT CORP amended Term Loan Amendment with the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent valued at $3.585 billion (effective 2022-12-01).
“On December 1, 2022, Open Text Corporation (“OpenText” or the “Company”) and certain of its subsidiaries entered into an amendment (the “Term Loan Amendment”) to the Company’s Credit Agreement, dated as of August 25, 2022 (the “Existing Term Loan Credit Agreement”, and as amended, supplemented or otherwise modified as of the effective date of the Term Loan Amendment, including by the Term Loan Amendment, the “Term Loan Credit Agreement”), among the Company, the lenders party thereto, the subsidiary guarantors party thereto and Barclays Bank PLC, as administrative agent and collateral agent.”
OPEN TEXT CORP reported the quarter ended September 30, 2022 results: revenue $852 million, net income ($117) million, EPS ($0.43).
“Reported Constant Currency $852 $892 $722 $754 $405 $417 +2.4% +7.1% +4.4% +8.9% +13.5% +16.9% Annual Recurring Revenues represent 85% of Total Revenues • Total revenues of $852 million, up 2.4% Y/Y or up 7.1% in constant currency • Annual recurring revenues of $722 million, up 4.4% Y/Y or up 8.9% in constant currency, a record 85% of total revenues • Cloud”
Douglas M. Parker was appointed as Executive Vice President, Corporate Development at OPEN TEXT CORP.
“and Mr. Douglas M. Parker was promoted to Executive Vice President, Corporate Development.”
Michael F. Acedo was appointed as Chief Legal Officer & Corporate Secretary at OPEN TEXT CORP.
“Effective January 24, 2022, Mr. Michael F. Acedo was promoted to Chief Legal Officer & Corporate Secretary”
Gordon A. Davies changed role as Executive Vice President, Chief Legal Officer and Corporate Development at OPEN TEXT CORP.
“On January 24, 2022, Open Text Corporation (the “Company”) announced that Mr. Gordon A. Davies would be stepping down from his position as Executive Vice President, Chief Legal Officer and Corporate Development, effective January 24, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.