CIBC Downgrades Open Text (OTEX) to Sector Perform

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Go back to CIBC Downgrades Open Text (OTEX) to Sector Perform

OpenText Reports Third Quarter Fiscal Year 2015 Financial Results

April 28, 2015 4:01 PM EDT

- Recurring revenue was $383.6 million, up 4%; in constant currency*, up 10%

- Cloud services revenue was $143.8 million, up 12%; in constant currency, up 17%

- Record operating cash flow of $143.1 million and raises quarterly dividend to $0.20

- Total revenue was $447.6 million, up 1%; in constant currency, up 8%

WATERLOO, Ontario, April 28, 2015 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX) (TSX: OTC) announced today its financial results for the third quarter ended March 31, 2015.

Financial Highlights for Q3 FY15 with Year Over Year Comparisons... More