Short answer
Open Text Corp (OTEX) filed its fiscal 2007 10-K annual report with the SEC on Sep 13, 2007.
- Top risk flagged: Sarbanes-Oxley Act Section 404 and SEC/NASDAQ rules: materially higher compliance costs and potential delisting
Open Text Corp FY2007 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- ECM software leader, helping enterprises manage content, compliance, workflows and information lifecycles
- Fiscal 2007 acquisitions of Hummingbird and Momentum expanded ECM capabilities and government-sector reach
- New DMX platform converging Open Text and Hummingbird technologies, preserving customer investments
- SAP collaboration expanded with SAP Archiving by Open Text and SAP Document Access by Open Text
- R&D spending rose to $79.1 million from $58.5 million, while employees totaled 2,704
Management Discussion & Analysis
- Revenue $595.7M, up 45.4% YoY, led by customer support $287.6M, up 56.4%
- Gross margin 66.2% vs 65.2%, operating margin 8.5% vs 3.2%, net income $21.7M vs $5.0M
- Best geography Europe, revenue $287.0M, worst Other, revenue $29.5M
- Operating cash flow $110.9M, Hummingbird acquisition $365.3M, capital spending reduced by $14.0M
- Outlook: license growth 8% to 12%, additional debt prepayment $30.0M, no dividends expected in fiscal 2008
Risk Factors
- Sarbanes-Oxley Act Section 404 and SEC/NASDAQ rules: materially higher compliance costs and potential delisting
- International exposure, especially Europe after IXOS: political instability, trade barriers, foreign-exchange movements and multiple-jurisdiction taxation
- Hummingbird acquisition debt: higher interest expense and integration challenges could pressure profitability and repayment capacity
- EMC’s Documentum acquisition and IBM’s FileNet acquisition: larger, better-capitalized competitors intensifying pricing and product pressure
- Dependence on limited third-party software licensors: lost licenses or discontinued support could delay shipments and increase development costs
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
- FY2006 10-KFiled Sep 12, 2006
- FY2005 10-KFiled Sep 27, 2005
- FY2004 10-KFiled Sep 13, 2004
- FY2003 10-KFiled Sep 29, 2003
- FY2002 10-KFiled Sep 30, 2002
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