OTEX

Over the past six months, Open Text's stock price has experienced a significant decline, falling more than 32% and over 25% year-to-date, partly due to a broader downturn in the software sector influenced by AI-related anxieties. In Q3 Fiscal Year 2026, OpenText reported EPS of $1.01 and revenue of $1.28 billion, with cloud revenue reaching a record $493 million. Ayman Antoun was appointed as the new CEO in April 2026, with James McGourlay transitioning to President and Chief Client Officer, and the CFO, Paul Duggan, departing. OpenText divested its Application Modernization and Connectivity business to Rocket Software for $2.28 billion in May 2024, Vertica for $150 million in February 2026, and eDOCS in January 2026. The company increased its share buyback program from $300 million to $500 million and repurchased 9.7 million shares in Q3. OpenText announced a dual European sovereign cloud expansion in April 2026. In March 2026, OpenText laid off four percent of its global workforce as part of a three-year "business optimization plan".