Open Text (OTEX) Misses Q3 EPS by 5c

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Go back to Open Text (OTEX) Misses Q3 EPS by 5c

OpenText Reports Third Quarter Fiscal Year 2017 Financial Results

May 8, 2017 4:01 PM EDT

WATERLOO, Ontario, May 8, 2017 /PRNewswire/ -- 

Total revenue of $593 million, up 35% Y/Y; or $600 million, up 36% in CC; Quarterly cash dividend increased by 15%

Open Text Corporation (NASDAQ: OTEX, TSX: OTEX) announced today its financial results for the third quarter ended March 31, 2017.

"It was a milestone quarter for OpenText as revenues reached $600 million with 36% year-over-year growth (in CC) and operating cash flow grew 46% quarter-over-quarter," said OpenText CEO and CTO, Mark J. Barrenechea. "We are a market leader in Enterprise Software for Digital Transformation and customers are responding favorably to our expanded portfolio... More