Open Text (OTEX) Tops Q3 EPS by 4c

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Go back to Open Text (OTEX) Tops Q3 EPS by 4c

OpenText Reports Third Quarter Fiscal Year 2019 Financial Results

May 1, 2019 4:01 PM EDT

Total Revenues of $719 million, up 5% Y/Y

Annual Recurring Revenues of $549 million, up 5% Y/Y

Operating Cash Flows of $286 million, up 6% Y/Y

Quarterly cash dividend increased by 15%

WATERLOO, Ontario, May 1, 2019 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), "The Information Company," today announced its financial results for the third quarter ended March 31, 2019.

"OpenText delivered record third quarter results with total revenues of $719 million, up 5% or $739 million, up 8% in constant currency.  We also delivered strong adjusted EBITDA margin of 36%,... More