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

Open Text

04/05/2023 22:01

* Open Text Corp  OTEX.TO  reported quarterly adjusted
earnings of
73 cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 47 cents per share.
    * Revenue rose 41.1% to $1.24 billion from a year ago;
analysts
expected $1.18 billion. 
    * Open Text Corp's reported EPS for the quarter was 21
cents​.
    * The mean earnings estimate of analysts had fallen by
about 35.3%
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 fallen by 1.8% this quarter and
gained 27.5% so far this year.
    * The company reported quarterly net income of $57.56
million.
    * Wall Street's median 12-month price target for Open Text
Corp is
$43.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.47           0.73           Beat
 Dec. 31 2022      0.78           0.89           Beat
 Sep. 30 2022      0.76           0.77           Beat
 Jun. 30 2022      0.78           0.80           Beat