Short answer
Open Text Corp (OTEX) filed its fiscal 2010 10-K annual report with the SEC on Aug 20, 2010.
- Top risk flagged: International operations: political instability, import/export policy changes, tariffs, trade barriers, and foreign-exchange volatility
Open Text Corp FY2010 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- ECM software provider combining content management, collaboration, and business process management for enterprise customers
- New Open Text Everywhere mobile application, initially introduced for BlackBerry smartphones
- Vignette acquisition for $321.4 million, expanding ECM portfolio and reinforcing independent-market positioning
- R&D spending reached $129.4 million, up from $116.2 million in Fiscal 2009
- 3,861 employees as of June 30, 2010, including 1,097 in product development
Management Discussion & Analysis
- Revenue $912.0M, up 16.1% YoY, led by customer support $507.5M, up 25.2%
- Gross margins: license 92.9% vs 92.9%, customer support 83.5% vs 83.0%, services 18.7% vs 21.0%
- Best segment customer support, $507.5M revenue; weakest services and other, margin 18.7% vs 21.0%
- Operating cash flow $180.2M, up 2.3%; share repurchases $14.0M, acquisitions included $33.9M for Nstein
- Fiscal 2011 mix guidance: license 25%-30%, customer support 50%-55%, services and other 20%-25%; acquisition financing risk
Risk Factors
- International operations: political instability, import/export policy changes, tariffs, trade barriers, and foreign-exchange volatility
- Third-party software dependency: loss of licenses or discontinued support could delay or reduce product shipments
- ECM competition: large, well-capitalized technology companies with broader channels and lower-cost offerings could compress margins
- Acquisition financing: additional debt could increase interest expense and impose financial covenants
- Key-person dependency: no key-person life insurance, with executive and technical talent critical to performance
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
- 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
- FY2002 10-KFiled Sep 30, 2002
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