Open Text (OTEX) Tops Q2 EPS by 8c
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OpenText Reports Second Quarter Fiscal Year 2019 Financial Results
January 31, 2019 4:01 PM ESTTotal Revenues of $735 million
Annual Recurring Revenues of $530 million, up 3% Y/Y
Operating Cash Flows of $189 million, up 14% Y/Y
WATERLOO, Ontario, Jan. 31, 2019 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), "The Information Company," today announced its financial results for the second quarter ended December 31, 2018.
"OpenText delivered another strong quarter in Q2. Total revenues grew to $735 million, Annual Recurring Revenues grew to $530 million, up 3%, year over year, with record Adjusted EBITDA margin of 42%," said Mark J. Barrenechea, OpenText... More
