Departed
Madhu Ranganathan
Chief Financial Officer
OTEX ·
OPEN TEXT CORP
to succeed Madhu Ranganathan.
Ready 8-Ks
50
Latest filing
May 11, 2026, 9:01 AM ET
Top materiality
0.90
Event mix
earnings ×15 · leadership ×15 · m_and_a ×8
Sentiment
21 pos · 4 neg · 25 neu
Latest earnings
reported 2026-Q3
Executive change
recent →
Recent 8-K filings for OTEX
Highest-materiality recent filing
OpenText Reports Q3 FY2025 Revenue Down 13.3% Y/Y, Cloud Up 1.8%, Expands Restructuring with 2,000 Job Cuts
- Total revenues $1.254B, down 13.3% Y/Y; annual recurring revenues $1.030B, down 10.1% Y/Y.
- Cloud revenues $463M, up 1.8% Y/Y; enterprise cloud bookings $151M, down 8.4% Y/Y.
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OpenText sells Vertica to Rocket Software for $150M cash; proceeds to reduce debt
Divestiture of non-core structured data analytics platform Vertica completed.
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OpenText Q3 FY2026: rev $1.28B (+2.2%), cloud +6.6%, net income $173M; new CEO Antoun
Total revenues $1.283B (+2.2% YoY); cloud revenues $493M (+6.6% YoY); enterprise cloud bookings $196M (+29.6% YoY).
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OpenText names Ayman Antoun CEO; McGourlay becomes President/CCO, Duggan steps down
James McGourlay transitions from Interim CEO to President, Chief Client Officer, effective April 20, 2026.
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OpenText prelim Q3FY26 revenue ~$1.28B; CEO Ayman Antoun starts Apr 20
Preliminary Q3FY26 revenue expectation of approximately US$1.28 billion.
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OpenText increases share repurchase program by US$200M to US$500M
Total authorization raised from US$300M to US$500M for fiscal 2026 NCIB.
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OpenText Q2 FY2026 revenues $1.33B (-0.6% YoY); cloud growth 3.4%; EPS $0.66 GAAP, $1.13 non-GAAP
Total revenues $1.327B (-0.6% YoY); cloud revenues $478M (+3.4% YoY), 20th consecutive quarter of cloud organic growth.
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OpenText to sell Vertica to Rocket Software for $150M cash; proceeds to reduce debt
Definitive agreement to divest Vertica (non-core Analytics portfolio) to Rocket Software for $150M cash, before taxes, fees and adjustments.
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OpenText appoints Ayman Antoun as CEO effective April 20, 2026
Ayman Antoun, former President of IBM Americas, named CEO; effective April 20, 2026, succeeding interim CEO James McGourlay.
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OpenText completes divestiture of eDOCS unit for $163M; proceeds to reduce debt
Sold eDOCS on-premise solution (part of Analytics portfolio) to NetDocuments Software for $163M in cash before taxes and fees.
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Total revenues $1.288B (+1.5% YoY); cloud revenues $485M (+6.0% YoY) with 19 consecutive quarters of organic cloud growth.
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James McGourlay, 25-year OpenText veteran, named Interim CEO effective August 11, 2025.
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OpenText Q4 GAAP EPS $0.11, revenue $1.311B; FY2025 cloud revenue +2%, dividend up 5%
Q4 total revenue $1.311B (-3.8% YoY); GAAP net income $29M (-88.4% YoY), GAAP EPS $0.11, Non-GAAP EPS $0.97.
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OpenText Q4 FY2025 prelim revenue ~$1.31B; CFO Chadwick Westlake to depart Aug 15
Preliminary Q4 FY2025 revenue expectations of approx. US$1.31 billion (strong, subject to normal adjustments).
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Total revenues $1.254B, down 13.3% Y/Y; annual recurring revenues $1.030B, down 10.1% Y/Y.
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OpenText Q2 revenue $1.335B (-13%), cloud up 3%, GAAP EPS $0.87, adj EBITDA margin 37.6%
Total revenues $1.335B, down 13.1% YoY (-4.9% adj. for AMC divestiture); ARR $1.053B, down 8.1%.
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OpenText Q1 FY2025 revenues $1.27B (-11% YoY); GAAP EPS $0.32, Non-GAAP $0.93
Revenue $1.27B (down 11% YoY, but only down 1.8% adjusted for AMC divestiture).
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OpenText shareholders reject Say-on-Pay; director Powell departs; all other directors re-elected
Say-on-Pay advisory vote: 74.89% against (163.8M votes), strong dissent on executive compensation.
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FY2024 total revenues $5.77B (+28.6% YoY); Q4 revenues $1.36B (-8.6% YoY reflecting AMC divestiture).
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OpenText reprices term loan, cuts margin by 0.50% and removes SOFR adjustment
Term loan facility reduced to $2.23B; new 2024 Replacement Term Loans issued to repay existing loans.
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OpenText completes $2B debt reduction using AMC divestiture proceeds
Repaid $940M to terminate Term Loan B due 2025.
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OpenText Q3 revenue $1.45B (+16% YoY); cloud bookings up 53%; launches $250M buyback
Total revenues of $1.447B, up 16.3% YoY; ARR $1.146B, up 13.3% YoY.
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OpenText closes $2.275B divestiture of AMC business to Rocket Software, plans $2B debt reduction
Completed sale of Application Modernization & Connectivity (AMC) business to Rocket Software for $2.275B in cash, before taxes and fees.
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OpenText Q2 rev $1.535B (+71% YoY), record cloud bookings, and $2.275B AMC divestiture
Total revenues $1.535B, up 71% YoY; ARR $1.146B (75% of total); cloud revenues $450M (+10.1%).
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OpenText sells Application Modernization & Connectivity business to Rocket Software for $2.275B
Base purchase price of $2,275,000,000; transaction structured as share purchase, asset transfer, and options.
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OpenText to sell AMC business to Rocket Software for $2.275B; focuses on Cloud & AI
All-cash purchase price of $2.275B; 4.6x AMC's FY23 revenue (~$500M) and 8.3x Adjusted EBITDA (~$275M).
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OpenText reports record Q1 FY2024 revenue of $1.425B, up 67% YoY; declares $0.25 dividend
Total revenues $1.425B (+67.3% YoY); annual recurring revenues $1.149B (+59.1% YoY), 81% of total.
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Non-binding advisory vote on executive compensation rejected: 153,973,475 against (70.48%) vs 64,500,361 for (29.52%).
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OpenText reports record FY2023 revenue $4.5B (+28% YoY); GAAP EPS $0.56, Non-GAAP $3.29
FY2023 total revenues $4.5B (+28.4% YoY); ARR $3.6B (81% of total); cloud rev $1.7B (+10.8%).
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Total revenues of $1.245B, up 41.1% Y/Y; ARR of $1.011B, up 37.7% Y/Y (81% of total revenue).
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OpenText closes Micro Focus acquisition; pro forma net loss of $485M for H1 FY2023
Pro forma combined revenues: $3.0B for H1 Dec 2022, $6.2B for FY2022.
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GAAP net income $258M (+192.7% YoY); diluted EPS $0.96; non-GAAP diluted EPS $0.89.
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OpenText closes $5.8B acquisition of Micro Focus; draws $3.585B term loan
Total purchase price ~$5.8B inclusive of Micro Focus' cash and debt; 532 pence per share.
Executive changes
Appointed
Chadwick Westlake
Executive Vice President, Chief Financial Officer
OTEX ·
OPEN TEXT CORP
appointment of Chadwick Westlake as Executive Vice President, Chief Financial Officer, effective March 5, 2025, to succeed Madhu Ranganathan.
Appointed
Savinay Berry
EVP & Chief Product Officer
OTEX ·
OPEN TEXT CORP
Open Text Corporation (“OpenText”) announced the appointment of Savinay Berry as EVP & Chief Product Officer
Role change
Muhi Majzoub
EVP, Security Products
OTEX ·
OPEN TEXT CORP
Muhi Majzoub would be taking on a new role as EVP, Security Products
Appointed
Fletcher Previn
Director
OTEX ·
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.
Departed
Ann M. Powell
Director
OTEX ·
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.
Appointed
Annette Rippert
director
OTEX ·
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.
Departed
Simon (Ted) Harrison
EVP, Enterprise Sales
OTEX ·
OPEN TEXT CORP
Mr. Simon (Ted) Harrison, EVP, Enterprise Sales, has decided to retire from the Company effective September 15, 2024.
Role change
Paul Duggan
President and Chief Customer Officer
OTEX ·
OPEN TEXT CORP
promotions of Mr. Paul Duggan as President and Chief Customer Officer
Appointed
Todd Cione
President of OpenText Worldwide Sales
OTEX ·
OPEN TEXT CORP
the appointment of Mr. Todd Cione as President of OpenText Worldwide Sales
Role change
Madhu Ranganathan
President, CFO & Corporate Development
OTEX ·
OPEN TEXT CORP
Ms. Madhu Ranganathan as President, CFO & Corporate Development
Appointed
Goldy Hyder
Director
OTEX ·
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.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.65 · Most common event earnings