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Open Text Corporation (OTEX) Q3 2021 Earnings Call Transcript

Open Text Corporation (OTEX) Q3 2021 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
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Open Text Corporation (NASDAQ: OTEX)
Q3 2021 Earnings Call
Operator
Thank you for standing by. This is the conference operator. Welcome to the OpenText Corporation Third Quarter Fiscal 2021 Earnings Conference Call. [Operator Instructions]
I would like to turn the conference over to Harry Blount, Senior Vice President of Investor Relations. Please go ahead, sir.SPONSORED:
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IBM Cloud Satellite Runs Workplace Apps Everywhere, Dropbox Buys DocSend, More News

PHOTO:
Filip Mishevski
Over the past few months, IBM news has tended to be about selling off parts of the company or staff departures. Last month, for example, rumors were circulating that Armonk, New York-based Big Blue was going to sell Watson Health. While that talk remains unconfirmed, the rationale offered at the time was it would do so to focus on the cloud. Indeed, most of the company s focus in the past few months has been on developing its cloud business.
Just before Microsoft Ignite last week, IBM announced the general release of IBM Cloud Satellite. Satellite, the company explained in a statement, helps organizations deploy and run applications consistently across all on-premises, edge computing and public cloud environments from any cloud vendor. Basically, it enables IBM s hybrid cloud services anywhere: any cloud, on-premises and out at the edge. ....

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