Previous Close | 48.54 |
Open | 40.09 |
Bid | 41.53 x 0 |
Ask | 41.53 x 0 |
Day's Range | 38.45 - 41.84 |
52 Week Range | 38.45 - 60.00 |
Volume | |
Avg. Volume | 587,800 |
Market Cap | 11.186B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 62.96 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 1.36 (2.80%) |
Ex-Dividend Date | Feb 29, 2024 |
1y Target Est | N/A |
Robust Revenue Growth and Strategic Divestitures Highlight the Quarter
Open Text (OTEX) delivered earnings and revenue surprises of 0% and 1.36%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
WATERLOO, ONT. — Open Text Corp. says it earned US$98.3 million, up from US$57.6 million a year earlier. The Waterloo, Ont.-based software company says its revenues totalled US$1.4 billion, up 16 per cent from US$1.2 billion during the same quarter last year. CEO Mark Barrenechea says the stronger revenues reflect customer demand for information management and new artificial intelligence capabilities. Diluted earnings per share were 36 cents US, up from 21 cents US a year earlier. Operating inco