Short answer
Open Text Corp (OTEX) filed its fiscal 2008 10-K annual report with the SEC on Aug 26, 2008.
- Top risk flagged: Sarbanes-Oxley Section 404 and NASDAQ rules: inadequate controls could trigger SEC noncompliance or NASDAQ delisting
Open Text Corp FY2008 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- ECM software provider centered on Livelink, integrating content, collaboration, compliance and enterprise applications
- New Fiscal 2008 offerings: Livelink ECM Extended Collaboration, Open Text Content Services, Livelink ECM-10 and RedDot Web Solutions
- Enterprise 2.0 strategy treating wikis, blogs, communities and collaboration artifacts under existing retention and archiving governance
- R&D spending reached $105.9 million, up from $79.1 million in Fiscal 2007
- Global reach emphasized, with over 50% of revenues generated outside North America and 2,915 employees worldwide
Management Discussion & Analysis
- Revenue $725.5M, up 21.8% YoY, led by customer support $363.6M and license revenue $219.1M
- Gross margin 67.9% vs 66.0%, with service margin 18.1% vs 15.6% and license margin 93.0% vs 92.5%
- Best geography Europe revenue $350.1M, worst Other revenue $36.9M, both increased YoY
- Operating cash flow $166.0M, $60.0M debt prepayments, $2.2M acquisitions, approximately $1.6M higher capital asset purchases
- Fiscal 2009 outlook: license growth aligned with ECM market growth of 8% to 13%, with U.S. slowdown and interest-rate collar risks
Risk Factors
- Sarbanes-Oxley Section 404 and NASDAQ rules: inadequate controls could trigger SEC noncompliance or NASDAQ delisting
- International sales exposure: political instability, trade barriers, foreign-exchange movements and multi-jurisdiction taxation
- Hummingbird integration: restructuring delays or unplanned costs could reduce net income and earnings per share
- Microsoft, Oracle and other large technology companies: greater capital resources could pressure OpenText pricing and market share
- Third-party software dependencies: lost licenses or discontinued support could delay shipments until replacement technology is integrated
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
- 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
- FY2002 10-KFiled Sep 30, 2002
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