OverviewSuggest Edit

Open Text is a company providing enterprise information management (EIM) solutions. It offers content services, such as extended enterprise content management (ECM) and records management; OpenText business network (BN), a cloud-based platform that facilitates collaboration and exchange of information inside and outside of organizations. The company also delivers Open Text Artificial Intelligence platform as well as digital process automation (DPA), customer experience management (CEM), and discovery solutions. Open Text serves legal, automotive, banking, healthcare, life sciences, public sector, and oil and gas markets.

TypePublic
Founded1991
HQWaterloo, CA
Websiteopentext.com
Employee Ratings3.2
Overall CultureB

Latest Updates

Employees (est.) (Jun 2020)14,400(+10%)
Revenue (FY, 2020)$3.1 B(+9%)
Share Price (Jan 2021)C$58.8
Cybersecurity ratingCMore

Key People/Management at Open Text

Mark J. Barrenechea

Mark J. Barrenechea

Vice Chair, Chief Executive Officer and Chief Technology Officer
Alys Woodward

Alys Woodward

Research Director of European Software At
Madhu Ranganathan

Madhu Ranganathan

Executive Vice President, Chief Financial Officer
Alan Pelz-Sharpe

Alan Pelz-Sharpe

Research Director of Social Business At
Muhi Majzoub

Muhi Majzoub

Executive Vice President & Chief Product Officer
Nick Gilbert

Nick Gilbert

Senior Director of IT at Quintiles – OpenText Customer
Show more

Open Text Office Locations

Open Text has offices in Waterloo, Montréal, Richmond Hill, Addison and in 55 other locations
Waterloo, CA (HQ)
275 Frank Tompa Dr
Montréal, CA
Suites 4400 & 4500A, 75 Rue Queen
Richmond Hill, CA
38 Leek Crescent
North Sydney, AU
6 80 Pacific Hwy
Klagenfurt am Wörthersee, AT
Lakeside B06
Wien, AT
IZD Tower 12th Floor Wagramer Straße 19
Show all (61)

Open Text Financials and Metrics

Open Text Revenue

Embed Graph
View revenue for all periods
Open Text's revenue was reported to be $3.11 b in FY, 2020 which is a 8.4% increase from the previous period.
USD

Revenue (Q1, 2021)

804.0m

Gross profit (Q1, 2021)

555.1m

Gross profit margin (Q1, 2021), %

69%

Net income (Q1, 2021)

103.4m

EBIT (Q1, 2021)

182.4m

Market capitalization (15-Jan-2021)

16.0b

Closing stock price (15-Jan-2021)

58.8

Cash (30-Sept-2020)

1.8b

EV

18.6b
Open Text's current market capitalization is C$16 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

2.8b2.9b3.1b

Revenue growth, %

23%2%8%

Cost of goods sold

951.4m930.7m1.0b

Gross profit

1.9b1.9b2.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

667.2m735.2m719.1m696.9m771.6m814.7m804.0m

Cost of goods sold

226.3m228.0m239.6m228.5m232.4m282.2m248.9m

Gross profit

440.8m507.2m479.5m468.4m539.2m532.5m555.1m

Gross profit Margin, %

66%69%67%67%70%65%69%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

682.9m941.0m1.7b

Accounts Receivable

488.0m463.8m466.4m

Prepaid Expenses

101.1m97.2m136.4m

Current Assets

1.3b1.6b2.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

787.9m595.1m765.2m999.3m675.4m1.5b1.8b

Accounts Receivable

416.3m482.3m478.3m411.0m526.0m459.3m396.9m

Prepaid Expenses

80.6m82.2m96.0m91.8m105.0m112.1m140.5m

Current Assets

1.3b1.2b1.4b1.5b1.4b2.1b2.4b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

242.3m285.6m234.4m

Depreciation and Amortization

456.9m474.3m514.7m

Accounts Payable

(91.6m)(21.7m)30.6m

Cash From Operating Activities

709.9m876.3m954.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

363.7k140.8m213.6m74.4m181.9m207.9m103.4m

Depreciation and Amortization

117.2m235.3m353.8m109.7m224.2m372.4m135.0m

Accounts Payable

(40.0m)(29.7m)(30.6m)(63.0m)(33.2m)(42.3m)(51.4m)

Cash From Operating Activities

171.4m360.5m646.5m137.4m344.7m674.3m233.9m
USDFY, 2018

EV/EBIT

22.5 x

EV/CFO

16 x

Revenue/Employee

230.8k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.1 x

P/E Ratio

38.7
Show all financial metrics

Open Text Operating Metrics

Open Text's Enterprise Customers was reported to be 10 k in FY, 2018. Open Text's Customers was reported to be 120 k in FY, 2018. Open Text's Users was reported to be 60 m in FY, 2019.
Jun, 2017FY, 2017FY, 2018FY, 2019

Countries

40

Customers

120 k

Enterprise Customers

10 k10 k10 k

Users

100 m60 m
Show all operating metrics

Open Text Acquisitions / Subsidiaries

Company NameDateDeal Size
XMediusMarch 09, 2020$75 m
CarboniteNovember 11, 2019$1.40 b
Catalyst Repository SystemsFebruary 01, 2019
Liaison TechnologiesNovember 05, 2018$310 m
HightailFebruary 14, 2018
OpenText SecurityJuly 26, 2017$240 m
CovisintJune 05, 2017
Dell-EMC's enterprise content divisionAugust 12, 2016$162 m
HP - Customer Communications Management (CCM) assetsJune 20, 2016$315 m
RecommindJune 02, 2016$163 m
Show more

Open Text Revenue Breakdown

Embed Graph

Open Text revenue breakdown by business segment: 41.0% from Customer Support, 8.8% from Professional Service and Other, 37.2% from Cloud Services and Subscriptions and 13.0% from License

Open Text revenue breakdown by geographic segment: 6.3% from Germany, 6.0% from United Kingdom, 55.3% from United States, 9.6% from All other countries, 18.0% from Rest of Europe and 4.8% from Other

Show all human capital metrics

Open Text Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Open Text Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Open Text Online and Social Media Presence

Embed Graph

Open Text Company Culture

  • Overall Culture

    B

    69/100

  • CEO Rating

    B+

    73/100

  • Compensation

    B-

    67/100

  • Diversity

    A+

    79/100

Learn more on Comparably

Open Text News and Updates

OpenText to Report Second Quarter Fiscal Year 2021 Financial Results on Thursday, February 4, 2021

Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its second quarter fiscal year 2021 will be released on Thursday, February 4, 2021 at approximately 4:00 p.m. ET.

Open Text announces settlement with U.S. Internal Revenue Service

Open Text Corp. says it has reached a deal with the U.S. Internal Revenue Service to settle a US$830-million claim related to its taxable income for its 2010 and 2012 financial years.

Open Text Co. (NASDAQ:OTEX) Given Average Rating of "Hold" by Analysts

Open Text Co. (NASDAQ:OTEX) (TSE:OTC) has earned an average rating of "Hold" from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. T…

OpenText Announces $1M USD Donation to Fight Food Insecurity

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced a combined donation of $1 million USD to food banks in OpenText communities around the world.

OpenText Named a Leader in 2020 Gartner Magic Quadrant for Content Services Platforms

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), a global leader in Information Management, today announced it has been named a Leader in the Gartner 2020 Magic Quadrant for Content Services Platforms. This is the seventeenth consecutive year that OpenText has been named a Leader in this Magic Quadrant.

OpenText Appoints Prentiss Donohue as Executive Vice President, SMB/C Sales

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced that veteran OpenText executive Prentiss Donohue has been appointed Executive Vice President, SMB/C Sales (Small and Medium-Sized Business and Consumer). Mr. Donohue replaces Craig Stilwell, who is retiring from OpenText following the successful…
Show more

Open Text Frequently Asked Questions

  • When was Open Text founded?

    Open Text was founded in 1991.

  • Who are Open Text key executives?

    Open Text's key executives are Mark J. Barrenechea, Alys Woodward and Madhu Ranganathan.

  • How many employees does Open Text have?

    Open Text has 14,400 employees.

  • What is Open Text revenue?

    Latest Open Text annual revenue is $3.1 b.

  • What is Open Text revenue per employee?

    Latest Open Text revenue per employee is $216 k.

  • Who are Open Text competitors?

    Competitors of Open Text include Quadient, Veeva Systems and j2 Global.

  • Where is Open Text headquarters?

    Open Text headquarters is located at 275 Frank Tompa Dr, Waterloo.

  • Where are Open Text offices?

    Open Text has offices in Waterloo, Montréal, Richmond Hill, Addison and in 55 other locations.

  • How many offices does Open Text have?

    Open Text has 61 offices.