NasdaqGS:OTEXSoftware
Will Profit Surge, Modest Revenue Growth and New CEO Shift Open Text's (OTEX) Narrative?
In its latest quarterly update, Open Text reported an 86% year-on-year increase in fiscal third-quarter profit and 2.3% revenue growth, beating analyst estimates, while keeping its quarterly dividend unchanged at US$0.275 per share payable in June.
The recent appointment of Ayman Antoun as chief executive, with a focus on helping clients unlock data value and support sustainable growth, adds a new leadership dimension to the company’s evolving story.
We’ll now explore how this strong...