Open Text (OTEX) Tops Q1 EPS by 1c, to Acquire Liaison Technologies
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OpenText Reports First Quarter Fiscal Year 2019 Financial Results
October 31, 2018 4:01 PM EDTTotal Revenue of $667 million, up 4% Y/Y
Annual Recurring Revenue of $520 million, up 6% Y/Y
Operating Cash Flows of $171 million, up 155% Y/Y
WATERLOO, Ontario, Oct. 31, 2018 /PRNewswire/ -- Open Text Corporation (NASDAQ/TSX: OTEX), "The Information Company," today announced its financial results for the first quarter ended September 30, 2018.
"OpenText delivered a strong Q1 and we are tracking to our Fiscal 2019 target model. Our Q1 results included solid year-over-year growth: Annual Recurring Revenue (ARR) of $520 million, up 6%, Adjusted EBITDA of $246 million or 37% of revenues (up 250... More
