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; as well as enterprise information security and protection solutions. The company also delivers Open Text Artificial Intelligence platform along with 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 Ratings3.7
Overall CultureC-

Latest Updates

Employees (est.) (Jun 2021)14,300
Job Openings840
Revenue (FY, 2021)$3.4 B(+9%)
Share Price (May 2022)C$49.7(-4%)
Cybersecurity ratingCMore
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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
Michael F. Acedo

Michael F. Acedo

Senior Vice President, Chief Legal Officer & Corporate Secretary
Muhi Majzoub

Muhi Majzoub

Executive Vice President & Chief Product Officer
Brian Sweeney

Brian Sweeney

Executive Vice President, Chief Human Resources Officer
Gordon Davies

Gordon Davies

Executive Vice President, Chief Legal Officer and Corporate Development
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Open Text Office Locations

Open Text has offices in Waterloo, Mississauga, Montréal, Richmond Hill and in 67 other locations
Waterloo, CA (HQ)
275 Frank Tompa Dr
Mississauga, CA
2655 N Sheridan Way #301
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
Show all (71)

Open Text Financials and Metrics

Open Text Revenue

Open Text's revenue was reported to be $3.39 b in FY, 2021
USD

Revenue (Q2, 2022)

876.8m

Gross profit (Q2, 2022)

668.7m

Net income (Q2, 2022)

88.3m

EBITDA (Q2, 2022)

322.0m

EBIT (Q2, 2022)

167.7m

Market capitalization (5-May-2022)

13.5b

Closing stock price (5-May-2022)

49.7

Cash (31-Dec-2021)

1.5b

EV

16.2b
Open Text's current market capitalization is C$13.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

2.8b2.9b3.1b3.4b

Cost of goods sold

(765.5m)(747.3m)(798.1m)(815.7m)

Gross profit

2.1b2.1b2.3b2.6b

R&D expense

(323.5m)(321.8m)(370.4m)(421.4m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

667.2m735.2m719.1m696.9m771.6m814.7m804.0m855.6m832.9m832.3m876.8m

Cost of goods sold

(178.8m)(179.7m)(195.0m)(188.2m)(190.1m)(218.8m)(190.9m)(198.5m)(207.8m)(205.0m)(208.6m)

Gross profit

490.3m556.1m522.0m508.7m581.5m596.6m613.3m664.8m625.0m628.0m668.7m

R&D expense

(77.5m)(75.8m)(84.9m)(81.2m)(80.3m)(108.2m)(93.9m)(100.2m)(110.1m)(100.2m)(103.6m)
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

682.9m941.0m1.7b1.6b

Accounts Receivable

488.0m463.8m466.4m438.5m

Prepaid Expenses

101.1m97.2m136.4m98.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

787.9m595.1m765.2m999.3m675.4m1.5b1.8b1.5b1.5b1.7b1.5b

Accounts Receivable

416.3m482.3m478.3m411.0m526.0m459.3m396.9m445.8m402.7m371.0m427.0m

Prepaid Expenses

80.6m82.2m96.0m91.8m105.0m112.1m140.5m130.2m140.6m78.8m89.3m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

242.3m285.6m234.4m310.9m

Depreciation and Amortization

456.9m470.9m514.7m520.6m

Accounts Payable

(91.6m)(21.7m)30.6m26.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

36.4m140.8m213.6m74.4m181.9m207.9m103.4m38.0m129.5m132.0m220.3m

Depreciation and Amortization

117.2m235.3m353.8m109.7m224.2m372.4m135.0m264.3m393.9m126.4m253.5m

Accounts Payable

(40.0m)(29.7m)(30.6m)(63.0m)(33.2m)(42.3m)(51.4m)(36.5m)(27.3m)(114.3m)(108.6m)
USDFY, 2018

EV/EBITDA

11.6 x

EV/EBIT

21.7 x

EV/CFO

16 x

Revenue/Employee

230.8k
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Open Text Operating Metrics

Open Text's Users was reported to be 60 m in FY, 2019.
Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021Q1, 2022

Cloud Customers

74 k

Infrastructure Partners

2 m

Recurring Revenue

$519.63 m$529.59 m$549.37 m$2.16 b$549.56 m$563.85 m$662.33 m$2.43 b$670.4 m$334.49 m$691.76 m$2.74 b$691.83 m

Users

60 m
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Open Text Acquisitions / Subsidiaries

Company NameDateDeal Size
XMediusMarch 09, 2020$75 m
CarboniteNovember 11, 2019$1.4 b
Catalyst Repository SystemsFebruary 01, 2019
Liaison TechnologiesNovember 05, 2018$310 m
HightailFebruary 14, 2018
OpenText SecurityJuly 26, 2017$240 m
CovisintJune 05, 2017
RecommindJune 02, 2016$163 m
OpenText OptimostMay 01, 2016
ANXeBusinessApril 27, 2016$100 m
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Open Text Revenue Breakdown

Embed Graph

Open Text revenue breakdown by business segment: 100.0% from ENTERPRISE CONTENT MANAGEMENT SOFTWARE

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Open Text Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

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

    C-

    63/100

  • CEO Rating

    C

    66/100

  • Compensation

    C-

    59/100

  • Diversity

    C-

    62/100

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Open Text News and Updates

OpenText to Report Third Quarter Fiscal Year 2022 Financial Results on Wednesday, May 4, 2022

Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its third quarter fiscal year 2022 will be released on Wednesday, May 4, 2022 at approximately 4:00 p.m. ET.

OpenText Empowers Businesses to Better Understand Threat Intelligence and Strengthen Cyber Resiliency

OpenText™ (NASDAQ: OTEX), (TSX: OTEX) announces the 2022 BrightCloud® Threat Report which outlines key data points and trends affecting small and large businesses worldwide, as well as individuals in the new hybrid, inter-connected world. This year’s report provides in-depth analysis, market insight…

Close Brothers Asset Finance and Leasing Taps OpenText for Customer-Oriented Digital Transformation

Today, OpenText™(NASDAQ: OTEX), (TSX: OTEX) announced it is providing Close Brothers Asset Finance and Leasing, a leading UK asset funder, with strategic content and customer communications management to support their Transformation initiative. The solutions will be delivered and managed in the Open…

OpenText corporate statement concerning the conflict in Ukraine

We stand with the people of Ukraine, whose country is being attacked in an unprovoked war against an independent sovereign nation with a democratically elected government.

MSIG Asia Enriches Customer Experience with OpenText

OpenText™(NASDAQ: OTEX), (TSX: OTEX), today announced that MSIG Singapore and MSIG Malaysia, implemented OpenText information management solutions to empower modern work, enhance omni-channel customer experiences, and drive operational efficiencies.

OpenText Reports Second Quarter Fiscal Year 2022 Financial Results

Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the second quarter ended December 31, 2021.
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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 Michael F. Acedo.

  • How many employees does Open Text have?

    Open Text has 14,300 employees.

  • What is Open Text revenue?

    Latest Open Text annual revenue is $3.4 b.

  • What is Open Text revenue per employee?

    Latest Open Text revenue per employee is $236.8 k.

  • Who are Open Text competitors?

    Competitors of Open Text include Gentrack, Quadient CXM Switzerland and Ziff Davis.

  • 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, Mississauga, Montréal, Richmond Hill and in 67 other locations.

  • How many offices does Open Text have?

    Open Text has 71 offices.