NasdaqGS:OTEXSoftware
OpenText’s Expanded Buyback and Vertica Sale Could Be A Game Changer For Open Text (OTEX)
OpenText recently expanded its FY26 share repurchase program by US$200 million to US$500 million and approved buying back up to 24,906,456 shares for cancellation, while also selling its Vertica analytics database business to Rocket Software for US$150 million.
Together, the larger buyback and Vertica divestiture highlight a shift toward returning more capital to shareholders while sharpening the company’s focus on core information management offerings.
We’ll now examine how the expanded...