M&A - OPEN TEXT CORP

Form Type: 10-Q

Filing Date: 2025-04-30

Corporate Action: Acquisition

Type: Update

Accession Number: 000100263825000040

Filing Summary: Open Text Corp's latest 10-Q filing reports financial results for the quarter ending March 31, 2025. The report highlights their ongoing acquisition strategy, particularly the recent acquisition of Micro Focus, which has contributed to the increase in both revenue and operational efficiency. The filing includes details on their Cloud Services and Subscription revenue streams, which demonstrate substantial growth over the previous year. The company has also detailed their restructuring plans associated with the Micro Focus acquisition, noting expenses related to workforce reductions and facility closures as part of their business optimization efforts. Additionally, financial metrics such as revenue, operating income, and net income are provided, along with updates on accounts payable, long-term debt, and capital expenditures.