Topic: How To Invest

Q: Pat: What is your opinion of OpenText? Thanks.

Article Excerpt

A: OpenText Corp., $44.48 symbol OTC on Toronto (Shares outstanding: 262.8 million; Market cap: $11.8 billion; www.opentext.com), makes software that helps businesses store, organize and manage large amounts of data over a wide variety of computer systems and devices. The company’s more than 80,000 clients then analyze their data to make better business decisions. OpenText’s products also help them comply with increasingly complex regulations related to privacy, money laundering and other issues. Clients can either install OpenText’s products on their own networks or access them over the Internet through a subscription. The company began operating in 1991 at the University of Waterloo as part of a project to index the Oxford English Dictionary for online users. It later shifted its focus to data-collaboration software. OpenText first sold shares to the public on January 23, 1996, at $3.75 U.S. a share (all per-share amounts are adjusted for splits, including a 2-for-1 split on January 24, 2017). The company tends to fuel its growth with…