Open Text Shares Rally On Earnings Beat
Shares of Open Text (NASDAQ: OTEX) shot up 10 percent after the market closed Wednesday in response to a solid EPS and revenue beat.
"Our focus on Enterprise Information Management is well aligned to the strategic priorities of our customers. We delivered record quarterly and full fiscal year results," said CEO Mark Barrenechea. "For fiscal 2015, we are committed to unlocking further value, growth and leadership for our customers, partners and shareholders through focused execution utilizing our intelligent Growth Business System (OTIGS)."
Fourth Quarter Results
- Total revenue: $494 million
- Non-GAAP EPS: $1.05
- Cloud service revenue: up 255 percent year-over-year to $148.9 million
Fourth Quarter Estimates
- Total revenue: $480.52 million
- Non-GAAP EPS: $0.94
Full-Year 2014 Results
Total Revenue: $1.625 billion
- Non-GAAP EPS: $3.37
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.