Mark this date-May 4,2026 It's going to happen
16 replies (most recent on top)
@1ah just another day at Opentext.
@19b A group of R&D managers got laid off, USA.
Didn't happen did it
@a2 You mean having more fat-cat execs?
This feels like a cult leader predicting the end of the world. This day will come and go with nothing happening.
may the 4th be with you???? carbonite?
@bn I have to agree with the others a bit.
Cloud is more profitable in the longterm.
Because that can be project upsells, no customer control, and the products can get tier or quantity upsells.
It may not be 'right' but it keeps working for now. If you want a product to be harder to leave you remove control, and treat it all as a service.
If OT wants both to grow, that's going to be rough. I'll agree there's issues with AEs being inconsistent depending on customer/commission size. I've had some of them treat $0 fix orders like a cancer diagnosis. So large minimal touch cloud orders are likely appealing to them as well. I am a d-mb motherf*cker and all, but I presume OT as a whole was okay with cannibalism for the extra revenue potential.
@c1 It could be much more profitable if there were competent leaders and thus competent front line customer facing employees. The amount of revenue leakage is absurd. The latter are nothing but paper pushers. The majority haven’t a clue what their customers have contracted for. So sad.
@bn yes, cloud is more profit
I've also heard about the announcement
It's about our blowout quarterly earnings and our return to growth
We are hiring and we are growing
@bn Exactly this. There’s also the sales policy of ignoring clients who won’t readily engage or are deemed too small to bother with until it’s way too late to save them from migrating away.
A very sorry state of affairs.
@a2 I’m all for optimism but it’s simply too much too little too late to get back in the game. This is your father’s tech company not one with any youth and energy.
@a2 Yeah right. Grow in Cloud by cannibalizing on premise.
@a2 growing fear uncertainty and doubt.
@OP yes, we are returning to growth
Yep, pretty sure that May 4th will happen. Followed by May 5th, preceded by May 3rd
Oh....
And May the 4th be with you!