Short answer

Open Text Corp (OTEX) filed its fiscal 2003 10-K annual report with the SEC on Sep 29, 2003.

Top risk flagged: Corporate amalgamation: Open Text, Centrinity and SoftArc approved merger resolutions June 30, 2003

Open Text Corp FY2003 10-K analysis

AI summary of each section, grounded in the filing text

Web-based ECM vendor centered on Livelink, monetizing software licenses, annual maintenance, professional services and hosted ASP deployments
New offerings: Livelink 9.2, Coreport 6.0 portal, LaunchForce, FirstClass 7.1 and MeetingZone 2.0
Strategic expansion through Centrinity, Corechange and Eloquent acquisitions, broadening messaging, portal and rich-media capabilities
Workforce reached 1,196, including 305 R&D employees and 229 professional-services employees as of June 30, 2003
Record fiscal 2003 revenue of $177.7 million, with R&D spending rising to $29.3 million from $24.1 million
Notable market shift: customer hesitation lengthened sales cycles and increased demands for return-on-investment analysis

Revenue $177.7M, up 15% YoY from $154.4M, led by customer support at $63.1M, up 30%
Net income margin 15.6% vs 10.9%, operating margin 15.1% vs 8.8%
Worst segment: service revenue $38.6M, down 3% from $39.7M; service cost margin 73% vs 69%
Operating cash flow $40.0M, capex $3.6M, acquisitions $18.2M, share repurchases $17.3M
Outlook: fiscal 2004 operating-expense and capex percentages broadly consistent, with risks from competition, product acceptance and acquisitions

Corporate amalgamation: Open Text, Centrinity and SoftArc approved merger resolutions June 30, 2003
Capital structure: Unlimited common and First Preference shares authorized
Preference-share terms: Directors may set dividends, redemption, voting and conversion rights by series
Liquidation priority: First Preference shares rank ahead of common shares on distributions
Share ownership: No restrictions on issuance, transfer or ownership

Generated from the filing text; verify against the original. How to read a 10-K

Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.