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Open Text Corp  (OTEX)
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Open Text Corp

OTEX's Financial Statements and Analysis



Open Text Corp reported in the second quarter of 2024 net earnings per share of $0.14 a decrease by -85.42 % year on year from $0.96 and decline of -53.33 % from $0.30 earned in I. Quarter (Sep 30 2023).


second quarter of 2024
Earnings Per Share Revenues
$ 0.14 $  1,379 Mill
$-0.82     -85.42 % $+568M     +70.07 %



Open Text's Revenue rose by 70.07 % in second quarter of 2024 (Dec 31 2023) year on year, to $1,379 million and advanced by 8.9 % sequentially.


Open Text is

More on OTEX's Income Statement



Open Text's net income of $37.737 million in the second quarter of 2024 decreased by -85.4 % from net earnings of $258.523 million achieved in II. Quarter a year ago.

Sequentially net earnings fell by -53.38 % from net income of $80.946 million realized in previous quarter.

More on OTEX's Growth

Open Text Inventories
OTEX's Cash flow In the second quarter of 2024 company's net cash flow was $83 million, capital expenditures fell by -32.21540.43%, to $-45 millions compare to same quarter a year ago

More on OTEX's Cash flow Statement


Open Text Corp payed out dividend of $0.97 per share in last 52 weeks representing 206.38 % of net earning per share in trailing twelve-month period.

During the same period Open Text Corp earned $ 3.12 cash per share, on a free-cash flow basis 664.43 % of net earning per share.

Book value grew by 0.31 % sequentially to $14.81 per share, -94.45% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ -23.32 per share from $ -31.23.

Company issued 0.24 million shares or 0.09 % in Dec 31 2023.
Interest Coverage Ratio was 1.22. Debt Coverage Ratio was 0.08.

More on OTEX's Dividends

 Market Capitalization (Millions) 10,717
 Shares Outstanding (Millions) 272
 Total Debt (Millions $) 8,520
 Revenue (TTM) (Millions $) 5,048
 Net Income (TTM) (Millions $) 128
 Cash Flow (TTM) (Millions $) -1,817
 Capital Exp. (TTM) (Millions $) -138
 Dividend TTM ($) 0.97 $
 Dividend Yield TTM (%) 2.49 %
 Employees (TTM) $ 13,000




Open Text Corp payed out dividend of $0.97 per share in the last 52 weeks representing 206.38 % of net earning per share in trailing twelve-month period.

During the same period Open Text Corp had $ 3.12 cash flow per share, on a free-cash flow basis 664.43 % of net earning per share.

Book value grew by 0.31 % sequentially to $14.81 per share, -94.45% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ -23.32 per share from $ -31.23.

Company issued 0.24 million shares or 0.09 % in Dec 31 2023.
Interest Coverage Ratio was 1.22. Debt Coverage Ratio was 0.08.

More on OTEX's Balance Sheets

 Market Capitalization (Millions) 10,717
 Shares Outstanding (Millions) 272
 Total Debt (Millions $) 8,520
 Revenue (TTM) (Millions $) 5,048
 Net Income (TTM) (Millions $) 128
 Cash Flow (TTM) (Millions $) -1,817
 Capital Exp. (TTM) (Millions $) -138
 Dividend TTM ($) 0.97 $
 Dividend Yield TTM (%) 2.49 %
 Employees (TTM) $ 13,000
   


  News about Open Text Corp Earnings

Cloud Computing & Data Analytics Company's Revenue Skyrockets, Doubles in the Second Quarter of 2024

Open Text Corp Reports Lower Income per Share but ...

Open Text Corp Shines with Astounding 64.872% Revenue Surge in Latest Fiscal Period

Open Text Corp, a leading player in the Cloud Computi...

Open Text Corp Experiences Revenue Surge but Falls into Deficit in Q4 2023 Despite Outperforming Industry Average Growth

Open Text Corp (OTEX) recently announced a surge in revenue by 20.747% to $1.31 billion in the fiscal period ending June 30, 2023, compared to the same period the year before. However, despite this growth, the company slipped into a shortfall at $-0.18 per share. This raises concerns about the financial health and future prospects of Open Text Corp.
The revenue improvement in the fourth quarter of 2023 seems promising compared to its competitors in the Cloud Computing and Data Analytics industry, who experienced an average business elevation of 4.53% in the same period. However, it is important to note that there was a sequential decline in Income per Share from $0.21 to $-0.18 per share. Although revenu...

Open Text Corp Surpasses Expectations with Impressive Revenue Boost in Q3 of 2023

Open Text Corp is a Canadian enterprise software company that specializes in creating solutions for information management, business process automation, and digital transformation. Founded in 1991, the company has grown to become a global leader in enterprise information management, serving clients in more than 150 countries around the world.
The company's recent financial reports have shown an interesting pattern of revenue growth, while income has declined significantly. According to the latest reports (January 1 to March 31, 2023), Open Text Corp experienced a revenue growth of 2.852%, which brought their total revenue to $1.10 billion, with earnings per share at $0.21. However, this growth was not en...


Date modified: 2024-02-02T15:41:21+00:00





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