OpenText Reports Fourth Quarter and Fiscal Year 2015 Financial Results
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RBC Capital Upgrades Open Text (OTEX) to Outperform
July 30, 2015 6:55 AM EDTRBC Capital upgraded Open Text (NASDAQ: OTEX) from Sector Perform to Outperform with a price target of $55.00.
For an analyst ratings summary and ratings history on Open Text click here. For more ratings news on Open Text click here.
Shares of Open Text closed at $37.63 yesterday.
... MoreOpen Text (OTEX) Tops Q4 EPS by 18c; Updates on IRS Tax Matters; Approves $200M Buyback Plan
July 29, 2015 4:10 PM EDTOpen Text (NASDAQ: OTEX) reported Q4 EPS of $0.87, $0.18 better than the analyst estimate of $0.69. Revenue for the quarter came in at $482.7 million versus the consensus estimate of $447.24 million.
Update on IRS Tax Matters
As we have previously disclosed in our public filings, the United States Internal Revenue Service ("IRS") is examining certain of our tax returns for Fiscal 2010 through Fiscal 2012, and in connection with those examinations is reviewing our internal reorganization in Fiscal 2010 to consolidate certain intellectual property ownership in Luxembourg and Canada and our integration of certain acquisitions into the resulting... More
