Open Text Corp. Files 2024 Annual Report

Ticker: OTEX · Form: 10-K · Filed: Aug 1, 2024 · CIK: 1002638

Sentiment: neutral

Topics: 10-K, annual-report, financials

Related Tickers: OTEX

TL;DR

OTEX filed its 2024 10-K. Shows debt and liabilities. All good.

AI Summary

Open Text Corp. filed its 10-K for the fiscal year ending June 30, 2024. The filing details the company's financial performance and position, including its long-term debt and current liabilities. Open Text Corp. is headquartered at 275 Frank Tompa Drive, Waterloo, Ontario, Canada.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Open Text Corp.'s financial health and operational performance for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The provided text is a standard 10-K filing header and does not contain specific risk factors or forward-looking statements that would indicate a high or low risk level.

Key Numbers

Key Players & Entities

FAQ

What is Open Text Corp.'s fiscal year end?

Open Text Corp.'s fiscal year ends on June 30.

Where is Open Text Corp. headquartered?

Open Text Corp. is headquartered at 275 Frank Tompa Drive, Waterloo, Ontario, Canada.

What is the SEC file number for Open Text Corp.'s 10-K filing?

The SEC file number is 000-27544.

What is the SIC code for Open Text Corp.?

The Standard Industrial Classification code for Open Text Corp. is 7373, which corresponds to Services-Computer Integrated Systems Design.

What is the accession number for this 10-K filing?

The accession number for this filing is 0001002638-24-000052.

Filing Stats: 4,367 words · 17 min read · ~15 pages · Grade level 20 · Accepted 2024-08-01 17:17:21

Key Financial Figures

Filing Documents

Risk Factors

Item 1A. Risk Factors 19

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 40

Cybersecurity

Item 1C. Cybersecurity 41

Properties

Item 2. Properties 42

Legal Proceedings

Item 3. Legal Proceedings 42

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 42 Part II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 43

Reserved

Item 6. Reserved 48

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 49

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 80

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 81

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 88

Controls and Procedures

Item 9A. Controls and Procedures 88

Other Information

Item 9B. Other Information 89

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 90 Part III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 91

Executive Compensation

Item 11. Executive Compensation 100

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 133

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 135

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 136 Part IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 137

Form 10-K Summary

Item 16. Form 10-K Summary 201

Signatures

Signatures 202 2 Table of Contents Part I

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements or information (forward-looking statements) within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the Exchange Act), Section 27A of the U.S. Securities Act of 1933, as amended (the Securities Act), and other applicable securities laws of the United States and Canada, and is subject to the safe harbors created by those provisions. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", "may", "could", "would", "might", "will" and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements, and based on our current expectations, forecasts and projections about the operating environment, economies and markets in which we operate. Forward-looking statements reflect our current estimates, beliefs and assumptions, which are based on management's perception of historic trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. The forward-looking statements contained in this report are based on certain assumptions including the following: (i) countries continuing to implement and enforce existing and additional customs and security regulations relating to the provision of electronic information for imports and exports; (ii) our continued operation of a secure and reliable business network; (iii) the stability of general political, economic and market conditions, including any potential recession; (iv) our ability to manage inflation, including increased labour costs associated with att

Business

Item 1. Business Incorporated in 1991, OpenText has grown to be a leader in Information Management offering a comprehensive line of Information Management products and services that power and protect businesses of all sizes. OpenText's Information Management solutions manage the creation, capture, use, analysis and lifecycle of structured and unstructured data. Our Information Management solutions are designed to help organizations extract value and insights from their information, secure that information and meet the growing list of privacy and compliance requirements. OpenText helps customers improve efficiencies, redefine business models and transform industries. Our products are available in private cloud, public cloud, off-cloud and application programming interface (API) cloud, or any combination thereof, to support the customer's preferred deployment option. In providing choice and flexibility, we strive to maximize the lifetime value of the relationship with our customers and support their information-led transformation journey. Business Overview and Strategy About OpenText OpenText is an Information Management company that provides software and services that empower digital businesses of all sizes to become more intelligent, connected, secure and responsible. The comprehensive OpenText Information Management platform and services provide secure and scalable solutions for global enterprises, SMBs, governments and consumers around the world. With critical tools and services for connecting and classifying data, OpenText accelerates customers' ability to deploy Artificial Intelligence (AI), automate work, and strengthen productivity. The benefits of interconnected information enable customers to enhance real-time decision-making, meet new compliance standards, manage across multi-cloud environments, and stay cyber resilient with secure data. With rising compliance standards for data management, security, environmental, sustainability, and inclusion factors

View Full Filing

View this 10-K filing on SEC EDGAR

View on Read The Filing