Open Text Fiscal Q1 Non-GAAP Earnings, Revenue Fall

MT Newswires Live
31 Oct 2024

Open Text (OTEX) reported fiscal Q1 non-GAAP earnings Thursday of $0.93 per diluted share, down from $1.01 a year earlier.

Analysts polled by Capital IQ expected $0.80.

Revenue for the quarter ended Sept. 30 was $1.27 billion, compared with $1.43 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.28 billion.

Additionally, the company said it has retained its quarterly dividend at $0.2625 per share, payable Dec. 20 to shareholders of record as of Nov. 29.

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