NasdaqGS:OTEXSoftware
Open Text (NasdaqGS:OTEX) Stock Pulls Back Despite Profit Surge And Flat Outlook
Open Text came into this earnings print with a stock that had quietly climbed over the past month, then gave back ground as shares fell about 3% in the first session after results. The long term thesis centers on a cash generative software platform that pays investors a dividend and trades on a single digit P/E. The headline from this quarter is profit strength. Adjusted EBITDA margin sat in the mid 30s, free cash flow reached about US$808m for the year and net margin over the last twelve...