OpenText Reports Fourth Quarter and Fiscal Year 2020 Financial Results

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Go back to OpenText Reports Fourth Quarter and Fiscal Year 2020 Financial Results

Open Text (OTEX) Tops Q4 EPS by 19c

August 6, 2020 5:28 PM EDT

Open Text (NASDAQ: OTEX) reported Q4 EPS of $0.80, $0.19 better than the analyst estimate of $0.61. Revenue for the quarter came in at $826.6 million versus the consensus estimate of $804.31 million.

"Fiscal 2020 was a pivotal year for OpenText, highlighting that digital technologies are the key to business resilience. Businesses that build digital capabilities will recover faster and emerge stronger from this pandemic," said Mark J. Barrenechea, OpenText CEO & CTO. "OpenText delivered a record $3.15 billion in total revenues, up 9.7% year-over-year, a record $1.17 billion in cloud revenues, up 28.4% year-over-year and a record $2.46 billion in Annual Recurring Revenues, up 14.1%... More