Open Text Corporation (OTEX) - NASDAQ
  • Apr. 28, 2015, 5:31 PM
    • OpenText (NASDAQ:OTEX) blames its big FQ3 sales miss on both a strong dollar and its ongoing transition from up-front license sales to cloud subscriptions. The EPS miss is blamed on the dollar and "unique items in the quarter, such as acquisitions, litigation costs and others."
    • Cloud services revenue (32% of total revenue) +12% Y/Y to $143.8M. License revenue -12.4% Y/Y to $64M; customer support +2.2% to  $84.3Mprofessional service/other -9% to $55.5M.
    • Gross margin fell 50 bps Y/Y to 70.8%, and op. margin 340 bps to 25.7%. The deferred revenue balance rose 24% Q/Q to $384.7M.
    • In spite of the FQ3 miss, OpenText is hiking its quarterly dividend by $0.0275 to $0.20/share (good for a 1.6% yield at current levels). The next dividend is payable of June 19; the record date is May 29.
    • Shares have tumbled to $50.42 AH.
    • Q1 results, PR
    | Apr. 28, 2015, 5:31 PM
  • Apr. 24, 2014, 5:44 PM
    • Open Text Corporation (OTEX) declares $0.1725/share quarterly dividend, 15.0% increase from prior dividend of $0.15.
    • Forward yield 1.50%
    • Payable June 13; for shareholders of record May 23; ex-div May 21.
    | Apr. 24, 2014, 5:44 PM
  • Apr. 24, 2013, 7:27 PM
    Open Text Corporation (OTEX) declares $0.30/share dividend. For shareholders of record May 31. Payable June 21. Ex-div date May 29. (PR)
    | Apr. 24, 2013, 7:27 PM
Company Description
Open Text Corp. is an independent software company, which provides a software products and services that assist organizations in finding, utilizing, and sharing business information from any device. Its solutions incorporate social and mobile technologies and are delivered for on-premises... More
Sector: Technology
Industry: Application Software
Country: Canada