Open Text Corp T.OTEX

Alternate Symbol(s): OTEX

Technology Software - Application

OpenText Corporation is a Canada-based information management company, which provides software and services. The Company’s comprehensive Information Management platform and services provide secure and scalable solutions for global companies, small and medium-sized businesses (SMBs), governments and consumers around the world. It has a complete and integrated portfolio of information management solutions delivered at scale in the OpenText Cloud, enabling organizations master modern work, automate application delivery and modernization, and optimize their digital supply chains by bringing together content cloud, cybersecurity cloud, business network cloud, its operations management cloud, application automation cloud and analytics and artificial intelligence cloud. The Company’s solutions range from connecting digital supply chains to managing human resource processes to driving better information technology service management in manufacturing, retail, and financial services.

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Open Text Corp > Darren Sissons - BNN - Top Pick

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Post by Possibleidiot01on Jan 16, 2023 3:12pm

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Post# 35226302

Darren Sissons - BNN - Top Pick

Open Text Corporation (OTEX TSX)

A growth by acquisition software integrator currently yielding three per cent.
The market is overly pessimistic on the Micro Focus acquisition given the lack of detail provided around the integration. However, post the acquisition closing on Jan. 31, further detail will be provided.
Significant insider share buying by prominent members of the board.
Open Text is prone to periodic misses and subsequent selloffs. Buying on major declines has typically been a recipe for outsized performance.
It has grown revenue and net income over the 10-year period at an annual average rate of 14.2 per cent and 15.5 per cent, respectively. Similarly, the total return including the recent Micro Focus acquisition-induced sell-off averaged 13.4 per cent per year for ten years.