Open Text Corp reports results for the quarter ended December 31 - Earnings Summary

Open Text

06/02/2025 22:01

* Open Text Corp  OTEX.TO  reported quarterly adjusted
earnings of
$1.11​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of
$1.24.  The mean expectation of eight analysts for the quarter
was for earnings of 92 cents per share. Wall Street expected
results to range from 85 cents to 95 cents per share.
    * Revenue fell 13.1% to $1.33 billion from a year ago;
analysts
expected $1.32 billion. 
    * Open Text Corp's reported EPS for the quarter was 87
cents​.
    * The company reported quarterly net income of $229.86
million.
    * Open Text Corp shares had risen by 7.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "hold."

Wall Street's median 12-month price target for Open Text Corp is
C$58.09 
This summary was machine generated from LSEG data February 6 at
10:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.92           1.11           Beat
 Sep. 30 2024      0.80           0.93           Beat
 Jun. 30 2024      1.02           0.98           Missed
 Mar. 31 2024      0.94           0.94           Met