Comparing the current results to its competitors, Open Text reported Revenue increase in the 3 quarter 2026 by 3.4 % year on year. The revenue growth was below Open Text's competitors' average revenue growth of 5.59 %, achieved in the same quarter.
Open Text's Comment on Competition and Industry Peers
The company aims to expand its competitive advantage by utilizing an AI-first approach in Business AI, Business Clouds, and Business Security. It plans to invest in innovation through internal development, acquisitions of complementary technologies, and collaborations with third parties to maintain technology leadership and respond to market changes.
Overall company revenue, grew less, than total company revenues, at 3.4 % and company approximately market share, declined to 0.89 %. << More on OTEX Market Share.
*Market share is calculated based on total revenue.
In a major development that reinforces its position as a global technology leader, Rocket Software, Inc. has announced its definitive agreement to acquire the Application Modernization and Connectivity business (AMC) of OpenText, formerly part of Micro Focus. The deal, valued at $2.275 billion, marks Rocket Software s commitment to driving modernization for the world s largest companies. This article will outline the key facts and assess the potential impact of this acquisition on Rocket Software. Rocket Software s Transformational Move: Rocket Software has built a solid reputation as a reliable partner in solving complex IT challenges for large enterprises. By acquiring OpenText s AMC busi...
Adobe Inc.s business model centers on delivering a diverse range of software and services that cater to digital media creation, marketing, and document management needs. Their flagship products, including Photoshop, Illustrator, and Acrobat, empower both professionals and casual users, while their cloud-based offerings like Creative Cloud and Document Cloud facilitate seamless collaboration and accessibility across devices. The company primarily generates revenue through subscription licensing for its software, along with enterprise solutions and document services.
Oracle Corporations business model focuses on providing enterprise software solutions and cloud services. It generates revenue through software licenses, cloud subscriptions, and consulting and support services, addressing data management needs and the increasing demand for cloud technologies.
ServiceNow Inc utilizes a subscription-based software-as-a-service (SaaS) model, offering a versatile platform for organizations to automate and optimize their IT and business processes. Their solutions span various domains, including IT service management, human resources, customer service, and security operations, providing a unified approach to enterprise workflow management. By delivering a comprehensive and scalable suite of applications, ServiceNow enables businesses to improve productivity, enhance customer satisfaction, and achieve operational efficiencies.
Microsoft Corporation operates as a multinational technology company focused on software development, licensing, and related services. Its business model includes the creation and distribution of software products like operating systems and productivity suites, along with cloud-based solutions. Revenue is generated through hardware sales (such as gaming consoles), advertising, and consulting services.
provides a cloud-native, artificial intelligence-powered legal solution that simplifies ediscovery, legal document review and case management for enterprises, law firms, legal services providers and governments
Sources:
Open Text Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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