OpenText's €105M AI & Cloud Expansion Creates 400 Jobs

OpenText is investing 105 million euros to expand its AI and cloud operations in Europe. This move is set to create 400 new jobs in Cork and Galway, Ireland. What's interesting is this investment supports OpenText's strategy to use trusted enterprise data as a key part of artificial intelligence deployments. The company sees enterprise-grade data as a differentiator as more organizations adopt generative and agentic AI. This expansion comes as OpenText sees strong cloud sales momentum. Enterprise cloud bookings jumped 24.1% year-over-year in the fiscal fourth quarter, reaching $295 million. Cloud revenue also rose 6% to $503 million, marking 22 consecutive quarters of organic cloud growth. For the full fiscal year, enterprise cloud bookings grew 22.5% to $947 million. The bottom line: This significant investment highlights the growing importance of AI and cloud technology in the business world.