OpenText Reports First Quarter Fiscal Year 2021 Financial Results

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Go back to OpenText Reports First Quarter Fiscal Year 2021 Financial Results

Open Text (OTEX) Tops Q1 EPS by 22c

November 5, 2020 4:05 PM EST

Open Text (NASDAQ: OTEX) reported Q1 EPS of $0.89, $0.22 better than the analyst estimate of $0.67. Revenue for the quarter came in at $804 million versus the consensus estimate of $756.98 million.

"OpenText delivered a great start to Fiscal 2021 with record performance across all of our key metrics," said Mark J. Barrenechea, OpenText CEO & CTO. "We demonstrated outstanding execution in a challenged environment with total revenues of $804.0 million, an increase of 15.4% year-over-year and Cloud Services and Subscription... More