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OPEN TEXT CORPORATION

(OTEX)
  Report
Delayed Nasdaq  -  04:00:00 2023-03-30 pm EDT
37.96 USD   +0.90%
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OpenText Announces International Tour Schedule for #DevDay 2023

03/14/2023 | 05:04am EDT

Today, OpenText (NASDAQ: OTEX), (TSX: OTEX) announced the schedule for its #DevDay 2023 tour to promote the value of COBOL and mainframe modernization.

The events will go in-depth about how OpenText will enhance its products and services as the need for digital transformation increases for core business systems. The 2023 schedule includes 10 cities in North America and Europe, with the first stop in Manchester, U.K., on March 23 and the last event slated for Toronto in September.

In today's ever-changing business world, digital transformation now demands a flexible and adaptive strategy aimed at improving results and responsiveness while accelerating time to value. The #DevDay events are designed to educate and empower today's developers and IT practitioners to modernize core COBOL and mainframe applications, processes and infrastructure using the latest technologies and software delivery practices.

#DevDay will also provide details and examples of how the OpenText Modernization Maturity Model enables IT leaders to quickly map their current IT environment to their future business strategy-while striking the right balance between cost, risk and speed. OpenText's comprehensive portfolio includes solutions for COBOL development and mainframe modernization, as well as mainframe access and security.

'Organizations throughout the world have successfully relied on COBOL and mainframe applications to support their core business systems for many years. As the technology landscape and the workforce change alongside the pressure to innovate quickly, today's IT leaders are faced with tough decisions on how to proceed and plan for the future,' said Neil Fowler, General Manager for AMC at OpenText. 'The DevDay series provides high value information for IT leaders and practitioners including new modernization strategies, technology demonstrations, and first-hand accounts of successful digital transformation projects.'

#DevDay 2023 Schedule

March 23 - Manchester, U.K.

April 6 - Paris, France

April 20 - Oslo, Norway

April 25 - Stockholm, Sweden

May 9-10 - Dusseldorf, Germany (Link TBD)

May 18 - Amsterdam, Netherlands

June 1 - Copenhagen, Denmark

June 8 - London, U.K.

June 21 - New York, N.Y., U.S.A.

Sept. 19-20 - Toronto, Ontario, Canada (Link TBD)

More information

Learn about OpenText COBOL and mainframe modernization.

Join OpenText on LinkedIn and follow @OpenText on Twitter.

Note: *OpenText acquired Micro Focus and its portfolio of products on Jan. 31, 2023.This includes the COBOL and mainframe modernization solutions.

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About OpenTextOpenText, The Information Company, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.

(C) 2023 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2023 4 406 M - -
Net income 2023 183 M - -
Net Debt 2023 7 996 M - -
P/E ratio 2023 60,5x
Yield 2023 2,56%
Capitalization 10 142 M 10 142 M -
EV / Sales 2023 4,12x
EV / Sales 2024 2,98x
Nbr of Employees 14 400
Free-Float 97,0%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 37,96 $
Average target price 44,50 $
Spread / Average Target 17,2%
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Managers and Directors
Mark J. Barrenechea Vice Chairman, Chief Executive Officer & CTO
Madhu Ranganathan Chief Financial Officer & Executive Vice President
Paul Thomas Jenkins Chairman
Renee Mckenzie Chief Information Officer & Executive VP-IT
Randy Fowlie Lead Independent Director
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