Open Text (OTEX) Declares $0.23 Quarterly Dividend; 1.5% Yield

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Go back to Open Text (OTEX) Declares $0.23 Quarterly Dividend; 1.5% Yield

OpenText Reports First Quarter Fiscal Year 2017 Financial Results

November 3, 2016 4:01 PM EDT

-- Total revenues of $492 million, up 13%; up 14% Y/Y in CC

-- Recurring revenues of $431 million, up 12%; up 14% Y/Y in CC

-- Cloud services and subscription revenue of $170 million, up 15%; both Y/Y and in CC

-- License revenue of $61 million, up 18%; up 19% Y/Y in CC

-- GAAP-based EPS, diluted of $7.46, up 2,094% Y/Y; Recognized a significant tax benefit of $876 million this quarter

-- Non-GAAP-based EPS, diluted of $0.86, up 2% Y/Y; up 4% in CC

WATERLOO, Ontario, Nov. 3, 2016 /PRNewswire/ -- Open Text Corporation (NASDAQ:... More