OTEX Open Text Corp

Open Text Corp.'s stock experienced a decline on Tuesday but continued to outperform the broader market. Unity Software reported its fourth-quarter financial results, with revenue increasing 35% year-over-year to $609 million, surpassing analyst estimates, despite the company reporting a quarterly loss of 66 cents per share.

Open Text Corp. (OTEX) stock fell on Tuesday, underperforming the market. This article was published by Dow Jones on December 3rd. Further details are behind a paywall.

OpenText (NASDAQ: OTEX) announced an expanded partnership with Google Cloud to deliver AI, data protection, and sovereign cloud solutions. This collaboration integrates Google Gemini Enterprise and Vertex AI with OpenText intelligent agents for various industries, combines OpenText Voltage data protection with Google BigQuery, and connects OpenText Private Cloud with Google Sovereign Cloud to enhance data sovereignty and regulatory compliance. The partnership aims to address complex business challenges by leveraging both companies' expertise in secure information management and AI.

OpenText (NASDAQ: OTEX) announced the OpenText AI Data Platform (AIDP), an open data-and-AI framework designed to enable secure enterprise AI agents (Aviators). The company also outlined an 18-month roadmap, expanded its partnership with Databricks, and confirmed that the OpenText Aviator entry tier will be included with upgrades to certain OpenText products, with on-premises availability starting in OT 26.1. This initiative aims to address the convergence of data and AI, focusing on governance and contextual data foundations to fuel accurate AI results.

Open Text Corporation recently reported first-quarter results, with revenues matching analyst expectations but profit per share significantly exceeding forecasts by 56%. This performance has led analysts to update their earnings models, with a notable increase in earnings per share expectations for 2026, though revenue estimates remain unchanged. Despite the improved earnings outlook, the consensus price target for the stock has not significantly changed, remaining at US$40.45.

Open Text Corp (OTEX) is projected to report a slight increase in quarterly revenue to $1.274 billion, up 0.4% from the previous year, when it announces results for the period ending September 30, 2025. Analysts anticipate earnings of 99 cents per share, with the average analyst rating currently a "hold" and a median 12-month price target of $38.50. The company has a history of beating earnings estimates, as shown in its previous quarterly performances.