Open Text (OTEX) POsts Mixed Q1 Results; Buyback Up to 5% of Shares; Acquires StreamServe for $71M

October 27, 2010 4:46 PM EDT Send to a Friend
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Open Text (Nasdaq: OTEX) reports Q1 EPS of $0.86, 3 cents better than the analyst estimate of $0.83. Revenue for the quarter was $217.4 million, which compares to the estimate of $224.83 million.

Buyback up to 5% of company's outstanding shares

To acquire Streamserve for $71M


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Earnings, Mergers and Acquisitions, Stock Buybacks

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