Short answer
Open Text Corp (OTEX) filed its fiscal 2002 10-K annual report with the SEC on Sep 30, 2002.
- Top risk flagged: Ontario arbitration under Ontario Arbitrations Act: $10 million claim plus $5 million punitive damages
Open Text Corp FY2002 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Web-based collaboration and knowledge-management software model, centered on Livelink for enterprise information, workflows and teamwork
- Fiscal 2002 launches: Livelink 9.1, MeetingZone, WebDAV, eSign, Classifications, UNITE and three Livelink business applications
- Positioning shift toward real-time collaboration, wireless access and hosted ASP deployment alongside core asynchronous knowledge management
- Workforce reached 980 employees, including 214 in R&D; R&D spending $24.1 million versus $24.3 million in fiscal 2001
- Economic slowdown lengthened enterprise sales cycles, with license and networking revenue down 11% to $66.0 million while total revenue reached $152.5 million
Management Discussion & Analysis
- Revenue $152.5M, up 3% YoY from $147.7M, with licenses and networking down 11% to $66.0M
- Net income margin 10.9% vs 7.4%, operating margin 8.8% vs 6.6%
- Best segment: customer support revenue $48.7M, up 21%; weakest: licenses and networking $66.0M, down 11%
- Operating cash flow $28.5M, cash $109.9M, capex $2.2M, share buybacks $13.8M
- Fiscal 2003 outlook: operating expenses and capital assets generally consistent with fiscal 2002, with risks from lengthy sales cycles and IT spending slowdown
Risk Factors
- Ontario arbitration under Ontario Arbitrations Act: $10 million claim plus $5 million punitive damages
- Fiscal 2002 IT spending reductions: hesitant enterprise deployments and lengthened sales cycles
- Third-party software exposure: infringement claims could require costly litigation or unavailable licenses
- Competitive pressure from Microsoft, IBM/Lotus, Documentum, FileNet and rapidly evolving collaboration platforms
- Intellectual-property vulnerability: limited historical patent protection and potential source-code copying or reverse engineering
Generated from the filing text; verify against the original. How to read a 10-K
Other Open Text Corp annual reports
- FY2019 10-KFiled Aug 1, 2019
- FY2018 10-KFiled Aug 2, 2018
- FY2017 10-KFiled Aug 3, 2017
- FY2016 10-KFiled Jul 27, 2016
- FY2015 10-KFiled Jul 29, 2015
- FY2014 10-KFiled Jul 31, 2014
- FY2013 10-KFiled Aug 1, 2013
- FY2012 10-KFiled Aug 10, 2012
- FY2011 10-KFiled Aug 15, 2011
- FY2010 10-KFiled Aug 20, 2010
- FY2009 10-KFiled Aug 21, 2009
- FY2008 10-KFiled Aug 26, 2008
- FY2007 10-KFiled Sep 13, 2007
- FY2006 10-KFiled Sep 12, 2006
- FY2005 10-KFiled Sep 27, 2005
- FY2004 10-KFiled Sep 13, 2004
- FY2003 10-KFiled Sep 29, 2003
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