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OpenText (NYSE:OTEX) eyes 38% EBITDA margin by FY27, plans USD 570mn capital return to shareholders
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Highlights
OpenText Corporation (NYSE: OTEX) is a company based in Canada. It provides cloud-native solutions in an integrated and flexible Information Management platform. It has a market cap of USD 8821.53mn.
In FY24, OpenText acquired important clients such as Johnson & Johnson and the California Department of Employment Development. The company finalized a USD 2.275 billion divestiture of its AMC business, reduced its debt by USD 2.0 billion, and acquired Pillr, a cybersecurity platform.
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