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Stock impact report

Open Text Targets Regulated European Cloud Growth With New Sovereign Alliances [Yahoo! Finance]

Open Text Corporation - Common Shares (OTEX) 
Last open text corporation - common shares earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.opentext.com/investor-relations
Company Research Source: Yahoo! Finance
Open Text (NasdaqGS:OTEX) has partnered with S3NS, an alliance between Thales and Google Cloud, to offer a trusted hybrid cloud for sensitive data compliance in France. The company also plans to launch its data and AI solutions on the AWS European Sovereign Cloud, targeting customers with strict data residency requirements. These moves expand Open Text's presence in Europe for highly regulated sectors that need compliant cloud options. For investors tracking Open Text at a share price of $23.47, the new cloud partnerships arrive after a mixed return profile. The stock is up 12.6% over the past week and 4.0% over the past month, but shows a return of 26.1% decline year to date and a 31.6% decline over three years. Over five years, the share price shows a 43.1% decline, which keeps execution and competitive positioning firmly in focus. These European cloud moves position Open Text closer to large, compliance driven workloads that often come with longer contracts and tighter ven Show less Read more
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