NasdaqGS:OTEXSoftware
Did Leadership Shakeup and Capital Return Moves Just Shift Open Text’s (OTEX) Investment Narrative?
Earlier this month, Open Text Corporation announced a major executive transition, appointing James McGourlay as Interim CEO and introducing organizational changes including a new Executive Committee after recent fourth-quarter earnings results showed revenue of US$1.31 billion and net income of US$28.83 million.
Alongside the leadership change, the company raised its quarterly dividend by 5% and unveiled a substantial share repurchase program, reflecting a focus on returning value to...