Open Text Corp Q3 2018 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Paul Steep - Scotiabank Global Banking and Markets, Research Division - Analyst : Mark, can you -- we've talked a little bit so far in the call about cloud, but you certainly sound more aggressive. You're looking to maybe accelerate the move there. What's changed, either in your -- in the external environment or in your maybe go-to-market approach here today that we should be taking away from this call?

Question: Paul Steep - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. Welcome, Madhu, I'm not sure if this one's either for you or Mark, but if we look at this -- I don't think anyone would ever accuse OpenText of being light on cost discipline or making sure the margins work, but your commentary tonight in the deck about increased automation and the opportunity to reduce cost and further drive OpEx margins, how should we think about that as we move to sort of your 2021? Is this a year of investment and plans under way that maybe accelerate us into '19 or where -- how should we think about that?

Question: Paul Steep - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. Just to clarify that then I'll leave the line here, but I guess, is there a larger program underway? We've gone through it numerous times over the years of larger cost, takeout programs. Is there a specific program or is this just part of the ongoing cadence we've had for the last few years?