Open Text Corporation: Business Overview, Financials & Competitive Analysis
Open Text Corporation scores 7/10 on the AskCyborg Cyborg Score (Strong). OpenText is a profitable cloud-transitioning software company with strong free cash flow generation and strategic positioning in enterprise AI, though facing near-term growth constraints. OpenText reported Q2 FY2026 adjusted EBITDA of $491M with a 37.0% margin, indicating strong operational leverage and profitability. The company faces headwinds with 1%-2% total.
What is Open Text Corporation's industry? Open Text Corporation (opentext.com) operates in Enterprise Software / Information Management / Cloud Computing. AskCyborg classifies Open Text Corporation under Enterprise Software / Information Management / Cloud Computing in its company registry.
OpenText is a Cloud and AI company focused on secure information management for AI, engaged in the design, development, marketing, and sale of information management software and solutions that help organizations prot...
Cyborg Score thesis
OpenText is a profitable cloud-transitioning software company with strong free cash flow generation and strategic positioning in...
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Get Current Report FreeOpen Text Corporation Overview
Pro stress-test →OpenText is a Cloud and AI company focused on secure information management for AI, engaged in the design, development, marketing, and sale of information management software and solutions that help organizations protect, govern, and activate their data with confidence. The OpenText Cloud Platform is an information management platform consisting of six business clouds: Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud.
Strategic Profile
Pro stress-test →OpenText has achieved 20 consecutive quarters of cloud organic growth, demonstrating sustained momentum in its cloud transition strategy. The OpenText AI Data Platform, designed for integration with major LLMs and supporting 1,500+ connectors, will ship next quarter, positioning the company at the intersection of enterprise AI and data governance. OpenText has enhanced its fiscal year 2026 share repurchase initiative by an additional $200 million, aiming to buy back common shares worth up to $500 million in total.
Competitive Landscape
Pro stress-test →OpenText positions itself as a Cloud and AI company and global leader in secure information management for AI. Primary competitors include Salesforce (CRM Cloud), Microsoft (M365/SharePoint), SAP (enterprise software), IBM (hybrid cloud/data management), and AWS (data management services). OpenText differentiates through specialized focus on unstructured data governance and compliance across enterprise, government, and SMB segments.
Industry Context
Open Text Corporation operates in Enterprise Software / Information Management / Cloud Computing.
Key facts
Founded: 1991 · Headquarters: Waterloo, Canada · Revenue: $5.2B · Market cap: $6.3B