Open Text Corp  (OTEX)
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A soft Revenues improvement at the company all along the most recent fiscal period

company reported fourth quarter of 2022 operating profit of $137.591 millions

Published 2022-08-07T19:50:20-04:00
Goran Soko / CSIMarket.com Contributer

Revenue improvement of 0.762 %, could not prevent income decline of -42.7 % in the most recent fiscal period, compared to corresponding reporting period a year ago. Revenues were at $1.08 billions and eps at $0.38.

In comparison to the preceding reporting period profits grew by 35.05 % from $0.28 per share and Revenues grew by 1.657 % from $1.06 billions.

Net income of $102.235 millions in the financial fourth quarter of 2022 fell by -43.63 % from $181.363 millions in the corresponding period a year before. Open Text Corp shifted it's focus on improving sales in the financial fourth quarter of 2022, as a result net margin eased to 9.44%.
Operating earnings, fell -19.86% to $137.591 millions, squeezing Open Text Corp's operating margin to %. Studying more the business results for the financial year 2022, company declared that Revenues of $4.20 billions and net profits of $397.26 millions.

Computer processing and cloud services company noticed as well, that Earnings per share grew by 28.07 % to $1.46 per share from $1.14 in the preceding financial year , and contributedRevenues increased by 2.87 % from $4.09 billions a year ago.

Open Text Corp is expected to report next financial results on November 03, 2022.

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Other OTEX's Earnings Reports

Open Text reported second quarter 2022 earnings

Open Text reported first quarter 2022 earnings

Open Text reported fourth quarter 2021 earnings


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