RBC Capital Upgrades Open Text (OTEX) to Outperform

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Go back to RBC Capital Upgrades Open Text (OTEX) to Outperform

OpenText Reports Fourth Quarter and Fiscal Year 2015 Financial Results

July 29, 2015 4:01 PM EDT

Announces up to $200 Million Share Buyback and Update on IRS Tax Matters

Fiscal Year 2015- Total revenue was $1.9 billion, up 14%; in CC*, up 19%- Recurring revenue was $1.6 billion, up 18%; in CC up 23%- Cloud services and subscriptions revenue was $605.3 million, up 62%; in CC, up 67%- License revenue was $294.3 million, down 4%; in CC, up 3%

Q4 Fiscal 2015- Total revenue was $482.7 million, down 2%; in CC, up 7%- Recurring revenue was $385.6 million, down 2%; in CC up 6%- Cloud services and subscriptions revenue was $149.0 million, down 2%; in CC,... More