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

Open Text

02/02/2023 22:01

* Open Text Corp  OTEX.TO  reported quarterly adjusted
earnings of
89 cents​​ per share for the quarter ended in December. The mean
expectation of seven analysts for the quarter was for earnings
of 78 cents per share.
    * Revenue rose 2.3% to $897.40 million from a year ago;
analysts
expected $870.97 million. 
    * Open Text Corp's reported EPS for the quarter was 96
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Open Text Corp shares had risen by 9.2% this quarter.
    * The company reported quarterly net income of $258.5
million.
    * Wall Street's median 12-month price target for Open Text
Corp is
$47.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
2 at 10:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.78           0.89           Beat
 Sep. 30 2022      0.76           0.77           Beat
 Jun. 30 2022      0.78           0.80           Beat
 Mar. 31 2022      0.67           0.70           Beat