Open Text Corporation

OTEX

CA6837151068

Software

Market Closed - Nasdaq Other stock markets 01:30:00 28/06/2024 am IST			5-day change	1st Jan Change
29.85 ^USD	+0.67%		+2.58%	-28.96%

21/06	CIBC Adjusts Open Text Price Target to $36 From $38.50, Maintains Neutral Rating	MT
14/06	Open Text "Cloud for Government" Offering Authorized Under U.S. FedRAMP	MT

Open Text Corporation Reports Earnings Results for the Second Quarter Ended December 31, 2019

January 31, 2020 at 03:44 am IST

Open Text Corporation announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced total revenue was USD 771.557 million compared to USD 735.231 million a year ago. Operating income was USD 184.740 million compared to USD 173.932 million a year ago. Net income was USD 107.467 million compared to USD 104.432 million a year ago. Basic earnings per share was USD 0.4 compared to USD 0.39 a year ago. For the half year, total revenue was USD 1,468.445 million compared to USD 1,402.388 million a year ago. Operating income was USD 317.253 million compared to USD 273.159 million a year ago. Net income was USD 181.868 million compared to USD 140.756 million a year ago. Basic earnings per share was USD 0.67 compared to USD 0.52 a year ago.

Latest news about Open Text Corporation

CIBC Adjusts Open Text Price Target to $36 From $38.50, Maintains Neutral Rating	21/06	MT
Open Text "Cloud for Government" Offering Authorized Under U.S. FedRAMP	15/06	MT
OpenText Named a Leader in Document Mining and Analytics Platforms Report	01/06	MT
Open Text Acquires Cybersecurity Platform Pillr From Novacoast	22/05	MT
Open Text Buying Cybersecurity MDR Platform; No Financial Details Given	22/05	MT
Open Text Brief: Buying Cybersecurity MDR Platform	22/05	MT
Open Text Corporation acquired The Pillr technology from Novacoast, Inc.	22/05	CI
Open Text Outlook Revised to 'Stable' From 'Negative' by S&P Following Debt Repayment	08/05	MT
Open Text Reduces Debt by $2 Billion	08/05	MT
Open Text Says Completed US$2 Billion Debt Reduction	08/05	MT
Open Text Brief: Says Completed US$2 Billion Debt Reduction	08/05	MT
Open Text Gets Outperform Rating, US$45 Price Target, from RBC Capital Markets	06/05	MT
Open Text Price Target Lowered to US$45 at RBC	06/05	MT
OpenText Empowers Cyber Defenders with Innovations to Outmaneuver Sophisticated Threats	06/05	CI
TSX rise as US payroll data up hopes of early rate cut	04/05	RE
Open Text Target Price Cut by National Bank Following Q3 Results, Rating Confirmed	03/05	MT
Open Text Declines 20%, Raymond James Lowers Price Target to US$48	03/05	MT
Wall Street rises thanks to good and bad economic news	03/05
BMO Capital Downgrades Open Text to Market Perform From Outperform, Cuts Price Target to $38 From $50	03/05	MT
ANALYST RECOMMENDATIONS : Alphabet, Amgen, Starbucks, PayPal, Moderna...	03/05
Open Text Fiscal Q3 Non-GAAP Earnings, Revenue Increase	03/05	MT
Transcript : Open Text Corporation, Q3 2024 Earnings Call, May 02, 2024	03/05
OpenText Fiscal Q3 Profit Rises 71% on Higher Sales; Adjusted Result Matches Expectations	03/05	MT
Open Text Brief: Announcing US$250 Million Share Repurchase Program	03/05	MT
Open Text Corporation announces an Equity Buyback for 13,643,472 shares, representing 5% for $250 million.	03/05	CI

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Company Profile

OpenText Corporation is a Canada-based information management company, which provides software and services. The Companyâs comprehensive Information Management platform and services provide secure and scalable solutions for global companies, small and medium-sized businesses (SMBs), governments and consumers around the world. It has a complete and integrated portfolio of information management solutions delivered at scale in the OpenText Cloud, enabling organizations master modern work, automate application delivery and modernization, and optimize their digital supply chains by bringing together content cloud, cybersecurity cloud, business network cloud, its operations management cloud, application automation cloud and analytics and artificial intelligence cloud. The Companyâs solutions range from connecting digital supply chains to managing human resource processes to driving better information technology service management in manufacturing, retail, and financial services.

Sector

Software

Calendar

01/08/2024 - Q4 2024 Earnings Release (Projected)

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Ratings for Open Text Corporation

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Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

29.85 USD

Average target price

41 USD

Spread / Average Target

+37.35%

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Sector Enterprise Software

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