Open Text Corporation (OTEX)
Open Text (OTEX) Q4 Earnings and Revenues Miss Estimates
Open Text (OTEX) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.91 per share a year ago.
Is the Options Market Predicting a Spike in Open Text (OTEX) Stock?
Investors need to pay close attention to Open Text (OTEX) stock based on the movements in the options market lately.
Open Text to cut 1,200 jobs as part of cost-saving plan
Shares of Open Text Corp. OTEX rose 0.5% in premarket trading Wednesday, after the enterprise software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at saving about $200 million a year. The company said it expect to book $60 million in restructuring charges, which will by substantially recognized in the fiscal first quarter of 2025, which runs through Sept. 30. The company added that the optimization plan also included a reinvestment of $50 million a year for about 800 new positions in its sales, professional services and engineering segments. In total, the company expects...
OpenText (OTEX) Acquires Pillr to Boost Cybersecurity Offerings
OpenText (OTEX) acquires a managed detection and response platform from Novacoast as a threat-hunting tool for Managed Service Providers.
