Open Text

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, CAMap
Websiteopentext.com
Employee Ratings3.2More
Culture scoreBMore
View Jobs (239)

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Latest Updates

Employees (est.) (Dec 2019)13,000
Job Openings239
Revenue (FY, 2019)$2.9 B(+2%)
Share Price (May 2020)C$57.2 (+2%)

Key People/Management at Open Text

Mark J. Barrenechea

Mark J. Barrenechea

Vice Chair, Chief Executive Officer and Chief Technology Officer
Madhu Ranganathan

Madhu Ranganathan

Executive Vice President, Chief Financial Officer
Muhi Majzoub

Muhi Majzoub

Executive Vice President & Chief Product Officer
Gordon A. Davies

Gordon A. Davies

Executive Vice President, Chief Legal Officer and Corporate Development
Simon Harrison

Simon Harrison

Executive Vice President, Worldwide Sales
James McGourlay

James McGourlay

Executive Vice President, Customer Operations
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Open Text Office Locations

Open Text has offices in Waterloo, Montréal, Ottawa, Richmond Hill and in 90 other locations
Waterloo, CA (HQ)
275 Frank Tompa Dr
Montréal, CA
Suites 4400 & 4500A, 75 Rue Queen
Ottawa, CA
10 Rideau St #6th
Richmond Hill, CA
38 Leek Crescent
Melbourne, AU
Level 10, South Tower 459 Collins Street
North Sydney, AU
6 80 Pacific Hwy
Show all (98)

Open Text Financials and Metrics

Open Text Revenue

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Open Text's revenue was reported to be $2.87 b in FY, 2019 which is a 1.9% increase from the previous period.
USD

Revenue (Q3, 2020)

814.7m

Gross profit (Q3, 2020)

532.5m

Gross profit margin (Q3, 2020), %

65.4%

Net income (Q3, 2020)

26.0m

EBIT (Q3, 2020)

95.1m

Market capitalization (29-May-2020)

15.5b

Closing stock price (29-May-2020)

57.2

Cash (31-Mar-2020)

1.5b

EV

18.5b
Open Text's current market capitalization is C$15.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.8b2.3b2.8b2.9b

Revenue growth, %

(1%)26%23%2%

Cost of goods sold

574.0m762.4m951.4m930.7m

Gross profit

1.3b1.5b1.9b1.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

491.7m542.7m593.1m640.7m734.4m685.9m667.2m735.2m719.1m696.9m771.6m814.7m

Cost of goods sold

164.4m168.0m210.5m223.5m240.3m242.7m226.3m228.0m239.6m228.5m232.4m282.2m

Gross profit

327.3m374.7m382.6m417.2m494.1m443.1m440.8m507.2m479.5m468.4m539.2m532.5m

Gross profit Margin, %

67%69%65%65%67%65%66%69%67%67%70%65%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.3b443.4m682.9m941.0m

Accounts Receivable

285.9m445.8m488.0m463.8m

Prepaid Expenses

59.0m81.6m101.1m97.2m

Current Assets

1.7b1.0b1.3b1.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

376.4m476.0m605.5m787.9m595.1m765.2m999.3m675.4m1.5b

Accounts Receivable

457.8m512.0m515.0m416.3m482.3m478.3m411.0m526.0m459.3m

Prepaid Expenses

98.5m101.1m105.7m80.6m82.2m96.0m91.8m105.0m112.1m

Current Assets

958.6m1.1b1.3b1.3b1.2b1.4b1.5b1.4b2.1b
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

284.5m1.0b242.3m285.6m

Depreciation and Amortization

242.4m345.7m456.9m474.3m

Accounts Payable

(5.7m)53.5m(91.6m)(21.7m)

Cash From Operating Activities

525.7m439.3m709.9m876.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

912.9m957.9m979.7m36.7m121.6m180.4m363.7k140.8m213.6m74.4m181.9m207.9m

Depreciation and Amortization

72.0m146.0m242.6m106.6m222.1m339.3m117.2m235.3m353.8m109.7m224.2m372.4m

Accounts Payable

(30.6m)(24.0m)16.5m(64.5m)(72.5m)(92.3m)(40.0m)(29.7m)(30.6m)(63.0m)(33.2m)(42.3m)

Cash From Operating Activities

73.5m180.5m336.8m67.1m233.7m504.4m171.4m360.5m646.5m137.4m344.7m674.3m
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USDY, 2020

EV/EBIT

194.7 x

EV/CFO

27.4 x

Financial Leverage

2.5 x
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
CarboniteNovember 11, 2019$1.40 b
Catalyst Repository SystemsFebruary 01, 2019
Liaison TechnologiesNovember 05, 2018$310 m
HightailFebruary 14, 2018
Guidance SoftwareJuly 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
OpenText OptimostMay 01, 2016
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Open Text Revenue Breakdown

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Open Text revenue breakdown by business segment: 43.5% from Customer Support, 9.9% from Professional Service and Other, 31.6% from Cloud Services and Subscriptions and 14.9% from License

Open Text revenue breakdown by geographic segment: 10.6% from All other countries, 18.6% from Rest of Europe, 7.1% from Germany, 6.4% from United Kingdom, 52.0% from United States and 5.4% from Canada

Human Capital Metrics

Source: www.sec.gov, www.sec.gov, www.sec.gov, www.sec.gov
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Open Text Online and Social Media Presence

Open Text's Trends

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Open Text Company Culture

  • Overall Culture

    B

    69/100

  • CEO Rating

    B+

    73/100

  • Compensation

    B-

    67/100

  • Diversity

    A+

    79/100

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Open Text News and Updates

November 11, 2019

Open Text to Buy Data Firm Carbonite in $800 Million Deal

Open Text to Buy Data Firm Carbonite in $800 Million Deal
July 09, 2019

Google Cloud Deal Sends Canada’s Open Text to Record High

Google Cloud Deal Sends Canada’s Open Text to Record High
January 17, 2019

Business Process Management Software Market to Witness Huge Growth by 2023: Top Key Vendors like Ibm, Appian, Oracle Corporation, Agile Point, Pegasystems, K2 Software, Fujitsu, Bizagi, Tibco Software, Global 360, Red Hat, Intalio, Open Text

Business Process Management Software Market from Qurate’s Repository provides detailed information, in depth analysis and forecast which is developed by team of experts and professionals. Posted via Industry Today. Follow us on Twitter @IndustryToday
December 14, 2018

Intelligent Process Automation market 2018 In-Depth Company Profiles of Key Players and Upcoming Prominent Players by Corporation, Open Text Corp, SAP.

Intelligent Process Automation Market is e will play big role in automation (CAGR) of +10.28%. The base year considered for the study is 2018 and the forecast period considered is 2018 To 2025 by Blue Prism ,UiPath ,Crowd Computing Systems, Inc. ,Accelirate, Inc. ,EMC Corporation ,OpenText Corp. Pos…
October 31, 2018

Open Text shares fall as revenue comes up short

Open Text Corp. shares dropped in the extended session Wednesday after the Canadian enterprise software company's revenue fell short of Wall Street estimates. Open Text shares fell 14% after hours, following a 1.6% gain to close the regular session at $33.80. The company reported fiscal first-quart…
October 01, 2018

Enterprise Information Management (EIM) 2018 Global Market Key Players – IBM Corporation, Oracle Corporation, Open Text Corporation, EMC Corporation – Analysis and Forecast to 2025

WiseGuyRerports.com Presents “Global Enterprise Information Management (EIM) Market Size, Status and Forecast 2018-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

 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, Madhu Ranganathan and Muhi Majzoub.

  • How many employees does Open Text have?

    Open Text has 13,000 employees.

  • What is Open Text revenue?

    Latest Open Text annual revenue is $2.9 b.

  • What is Open Text revenue per employee?

    Latest Open Text revenue per employee is $220.7 k.

  • Who are Open Text competitors?

    Competitors of Open Text include Adobe, IBM and Pegasystems.

  • 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, Ottawa, Richmond Hill and in 90 other locations.

  • How many offices does Open Text have?

    Open Text has 98 offices.