OpenText Reports Third Quarter Fiscal Year 2021 Financial Results
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Open Text (OTEX) Tops Q3 EPS by 6c, Revenues Beat
May 6, 2021 5:39 PM EDTOpen Text (NASDAQ: OTEX) reported Q3 EPS of $0.75, $0.06 better than the analyst estimate of $0.69. Revenue for the quarter came in at $832.9 million versus the consensus estimate of $813.53 million.
"The shift to modern work, digital customer experiences, supply chain retooling and continued economic stimulus are creating positive demand for OpenText Cloud Editions and other services," said Mark J. Barrenechea, OpenText CEO & CTO. "OpenText delivered a robust quarter with organic revenue growth in Annual Recurring Revenues (ARR) and Cloud services and... More

