Open Text Corporation (NASDAQ:OTEX) is expected to report first quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.67 per share from revenue of $ 756.98 million.
Looking ahead, the full year income are expected at $ 2.96 per share on the revenues of $ 3187.65 million.
Previous Quarter Performance
Open Text Corporation came out with income for the fourth quarter of $ 0.80 per share, from the revenue of $ 826.61 million. The quarterly earnings boosted 11.11 percent while revenues increased 10.62 percent compared with the same quarter last year.
Street analysts expected Open Text Corporation to report income of $ 0.61 per share on revenue of $ 804.31 million for the fourth quarter. The bottom line results beat street analysts by $ 0.19 or 31.15 percent, at the same time, top line results outshined analysts by $ 22.30 million or 2.77 percent.
Stock Performance
Shares of Open Text Corporation traded up $ 1.05 or 2.79 percent on Wednesday, reaching $ 38.66 with volume of 611.80 thousand shares. Open Text Corporation has traded high as $ 39.26 and has cracked $ 38.08 on the downward trend
The closing price of $ 38.66, representing a 29.16 % increase from the 52 week low of $ 29.12 and a 21.4 % decrease over the 52 week high of $ 47.85.
The company has a market capital of $ 10.41 billion and is part of the Technology sector and Software – Application industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.1746 per share on August 5, 2020. The dividend were payable on September 25, 2020 to holders of record as of the close of business on September 4, 2020 and ex-dividend date on September 3, 2020.
Conference Call
Open Text Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.opentext.com
Open Text Corporation provides a suite of software products and services. The company offers content services; digital process automation, which enables organizations to transform into digital and data-driven businesses through automation; and discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. It also provides business network solutions comprising business-to-business integration services, such as secure mail, large file transfer, fax, and electronic data interchange within a single platform; analytics solutions; and forensic security and automated cyber risk management software service.
