Open Text Corporation

And they, by the way, been part of our economy.

Great Canadian companies like OpenText, who employ 22,000 people, are built on making sure that your data's safe through data centers and retrievals.

And there's different kinds of them.

And there's great companies that are working on these.

Technically, cutting the number of workers getting paid and terminating contracts would greatly reduce the cost incurred.

A simplified illustration of how cost optimization leads to layoffs in OpenText Corporation's SEC filing, the company announced an optimization plan that involved eliminating about 1,200 positions, a move expected to save $200 million annually which after spending on restructuring and reinvestments, would result in a net savings of $150 million.

Companies pursue cost optimization for different business objectives, whether it's to improving profitability, preserving cash during economic uncertainty, satisfying shareholder expectations, or freeing up capital for future investments.

EPAM Systems, a software engineering and IT consulting company, its reason for cost optimization that resulted in workforce reductions was to streamline operations and improve efficiency.

Getting some, you know, good solid clarity around that.

And then, you know, we at, at OpenText, in, in my SMB cybersecurity division, we just created a partnership with Hats AI, and interviewing Jimmy Hats would be great, would be really, really awesome.

And lastly, what is the most common question that you're likely gonna ask everyone you bring on the show?

Always going back to humanity, something very human.

I worked in, for a technology company that was Amber Alert.

The company now is called Crisis24.

OpenText uses it, but I worked for one of the earlier iterations.

So cybersecurity as it looks now didn't really exist when I started my career.

A few weeks ago, I did a full report for my DSR members about AI and all those companies that are not dead yet and to see what was the bull case, the bear case, and to look at some numbers because, you know, when there is a big news happening most of the time the market panics they act like crazy so they buy a lot or they sell a lot and then you see companies like constellation software thompson reuters or stantec going down like 30 40 50 of their value all of a sudden just based on a story but you know at dsr what i like to do is to look at the story the narrative and then look at numbers As you can see, I have a long list here.

If you're on YouTube, you see that I have covered like Salesforce, CGI, automatic data processing, OpenText, Jack Henry Associates, Oracle, and even more than that.

But today we're going to concentrate on the first three companies here.

So we're going to take a look at the bull and the bear market.

in Waterloo 'cause I actually worked in the Waterloo office as opposed to the Toronto office at the time.

You know, we were working on OpenText.

Sure.

We were working on Research In Motion, which is BlackBerry.

A lot of times if you're a CEO and you do something in one segment, you can't go back to it right away, so you have to sort of have two domains.

I think I got brought on today, I've exited, I exited Guidant Software to OpenText.

I exited Venafi to CyberArk.

I concurrently bought and sold Aspect Software and Noble Systems and made a company called Alvaria with a, about a $1.3 billion raise.

Um, and then 9/11 kind of whacked out a lot of our income, so I got made redundant, went to the government, uh, did stuff with them, um, and then got headhunted from them to work for one of their suppliers.

So I worked with a company called OpenText, who do document management.

So looking after documents basically, and got into that whole looking after document, making sure it was all done, governance, all that kind of stuff, that, um, compliance and bits and pieces.

And then went from ...

Now, we're catching up, but we can leapfrog.

Our guides today are Tom Jenkins and Shannon Bell of OpenText, a Waterloo-born, globally deployed tech champion.

For thirty-five years, their teams have helped enterprises and governments govern data, encode policy, and keep critical systems running, even on bad days.

In their world, the product is trust.

Yeah, absolutely.

I was privileged enough to work with, uh, Tom and David Fraser as well.

David Fraser being a former military leader in Canada and has spent a number of years now with OpenText and others.

Yeah, and an incredible leader, uh, that just brings great insights into the enterprise world as well.

Really?

So things like Constellation Software, CGI, uh, OpenText, like those positions are now overweight versus the S&P TSX Composite, and those were contributors in, in July, which, kind of counterintuitive to what we saw in maybe other regions.

Well, it is, and it, it seems like when we speak to fund managers about US software names, they're not ready yet to dip their toe.

Or, I, that's a broad statement, but I, I would say broadly that there has not been interest there yet.