Provides AI-enabled technologies and related products and solutions, operates a secure and reliable business network supporting electronic import/export information for cross-border trade and regulatory compliance, and manages financial risks (inflation, labor, foreign currency) through hedging.

# The Company

## Core focus and offerings
- Provides AI-enabled technologies and related products and solutions.
- Operates a secure and reliable business network.
- Supplies electronic information for imports and exports to support cross-border trade and regulatory compliance.
- Manages inflationary effects, labor costs, and foreign currency exposure through hedging.

## Client and market context
- Success depends on clients’ adoption of AI-enabled technologies.
- Customs and security regulations for electronic import/export information are a key operating factor.
- Serves clients globally and relies on demand for its products and solutions.

## Strategic priorities and growth plans
- Pursues attractive, executable business combination opportunities and seeks financing for those transactions.
- Focuses on integrating acquired businesses within expected timeframes and budgets.
- Continues implementation of restructuring plans.

## Operational and financial considerations
- Maintains a secure network while managing geopolitical and macroeconomic risks (recession risk, tariffs, trade restrictions).
- Relies on access to capital through equity and debt markets.
- Manages foreign currency risk via hedging.
- Protects intellectual property and addresses potential infringement issues.

## Risks and uncertainties highlighted
- Geopolitical conflicts (for example, Russia–Ukraine and Middle East tensions) and related disruptions.
- Additional risks are described in the Notes to Consolidated Financial Statements for the year ended June 30, 2026.

Open Text Corporation is a leading provider of Information Management solutions that empower businesses to improve efficiency and enhance security.

# Open Text Corporation

Open Text Corporation provides information management software and services that help organizations improve efficiency, enhance security, and apply information for strategic advantage.

## Core Business
- Information Management Solutions: Specializes in managing structured and unstructured data to help organizations extract insights, comply with privacy regulations, and protect information.  
- Products Offered:
  - Content Cloud
  - Cybersecurity Cloud
  - Application Automation Cloud
  - Business Network Cloud
  - IT Operations Management Cloud
  - Analytics Cloud

## Customer Base
- Number of Customers: Serves over **100,000 customers** globally, including large enterprises, small and medium-sized businesses, and governmental organizations.  
- Customer Segments: Clients include Global 10,000 companies across industries such as manufacturing, healthcare, financial services, and retail.

## Workforce
- Employees: As of June 30, 2024, approximately **22,900** employees worldwide, distributed by region:
  - 36% in the Americas
  - 22% in EMEA (Europe, Middle East, Africa)
  - 42% in Asia-Pacific

## Financial Performance
Fiscal year ending June 30, 2024:
- Total Revenue: $5.77 billion, an increase of **28.6%** year-over-year.  
- Annual Recurring Revenue: $4.53 billion, up **25.4%** year-over-year.  
- Net Income: Approximately **$465.1 million**, compared to $150.4 million in the prior year.  
- Earnings Per Share (EPS): GAAP EPS $1.71 vs. $0.56 in the prior year; Non-GAAP EPS $4.17 vs. $3.29.  
- Adjusted EBITDA: $1.97 billion, up from $1.47 billion in the previous fiscal year.

## Growth Strategy
- Acquisitions and Divestitures: The company evaluates acquisitions to expand its information management capabilities. Open Text completed the acquisition of Micro Focus on January 31, 2023, for **$6.2 billion**, expanding its product portfolio. In May 2024, it sold its Application Modernization and Connectivity (AMC) business for **$2.275 billion**.  
- R&D Investments: Spent **$893.9 million** in Fiscal 2024 (15.5% of total revenues), focusing on enhancing cloud services and integrating AI capabilities.

## Conclusion
Open Text Corporation is a leader in information management with a broad product portfolio and a diversified global customer base. Its focus on innovation and strategic acquisitions supports continued growth in the evolving digital landscape.

OPEN TEXT CORP

10-K / August 6, 2026

10-K / August 1, 2024

10-K / August 6, 2026

The Company

Core focus and offerings

Client and market context

Strategic priorities and growth plans

Operational and financial considerations

Risks and uncertainties highlighted