Company data sheet · Open Text
Open Text: growth far beyond its economy.
- Industry
- Computer Integrated Systems Design
- Headquarters
- Canada
- Ticker
- OTEX (Nasdaq)
- Sources
- SEC filings (1998–2026), Stratrix's verified Decision Cases, market data and official economic statistics for Canada
- Data as of
- October 18, 2026
- It outgrew its own economy many times over. Revenue rose from $1.8 billion in fiscal 2016 to $5.2 billion in fiscal 2026: 2.9 times as much. Canada's economy, counted the same way in money terms, grew about 55%. Whatever drove it, the economy around it does not account for growth of that size.
- Leaders came and went. Open Text filed 29 leadership changes since 2016, more than 81% of large service companies (the median is 16). The day after each, its shares moved a median 0.3 points against its sector. The news was rarely news.
- Profitable every year. Open Text made money in each of its last eleven fiscal years, from $0.2 billion (fiscal 2023) to $1 billion (fiscal 2017).
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $1.8 billion | $0.3 billion | |
| 2017 | $2.3 billion | $1 billion | |
| 2018 | $2.8 billion | $0.2 billion | |
| 2019 | $2.9 billion | $0.3 billion | |
| 2020 | $3.1 billion | $0.2 billion | |
| 2021 | $3.4 billion | $0.3 billion | |
| 2022 | $3.5 billion | $0.4 billion | |
| 2023 | $4.5 billion | $0.2 billion | |
| 2024 | $5.8 billion | $0.5 billion | |
| 2025 | $5.2 billion | $0.4 billion | |
| 2026 | $5.2 billion | $0.6 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 55 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (35 with market data).
- Economic context: 6 measures for Canada, every year since 2016, from the official sources.
- Peer comparison: against 528 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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