Short answer
Open Text Corp (OTEX) filed its fiscal 2009 10-K annual report with the SEC on Aug 21, 2009.
- Top risk flagged: Vignette acquisition: Internal Revenue Code Section 382 may restrict use of acquired net operating loss carry-forwards
Open Text Corp FY2009 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- ECM-focused software company, combining content management, process services, support, consulting, learning and hosting
- Fiscal 2009 acquisitions expanded digital media, digital asset management, document-centric automation and file-format viewer capabilities
- SAP reseller agreement expanded to include Vendor Invoice Management and Document Capture solutions
- R&D investment reached $116.2 million, up from $107.2 million in Fiscal 2008
- Competitive landscape intensified through Autonomy’s March 2009 acquisition of Interwoven and continuing consolidation among ECM vendors
Management Discussion & Analysis
- Revenue $785.7M, up 8.3% YoY, led by customer support $405.3M, up 11.5%
- Gross margins: license 92.9% vs 93.0%, customer support 83.0% vs 83.8%, services 21.0% vs 18.1%
- Best geography North America $391.9M, up $53.3M, worst Europe $351.4M, up $1.3M
- Operating cash flow $176.2M, up 6.1%; acquisitions $117.0M and capital purchases $5.3M
- Fiscal 2010 revenue mix guidance: license 25%-30%, customer support 50%-55%, services and other 20%-25%
Risk Factors
- Vignette acquisition: Internal Revenue Code Section 382 may restrict use of acquired net operating loss carry-forwards
- Global financial stress: Higher LIBOR could increase debt-service costs on unhedged credit facilities
- Third-party software dependence: License loss or inadequate support could delay shipments of key product modules
- Competitive consolidation: Autonomy’s March 2009 acquisition of Interwoven increased pressure from larger, better-capitalized rivals
- Captaris acquisition: Assumed unfunded pension obligations require future operating cash flow for payments
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
- 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
- FY2002 10-KFiled Sep 30, 2002
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