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Open Text Corp (OTEX.OQ)

OTEX.OQ on NASDAQ Stock Exchange Global Select Market

34.00USD
24 Mar 2017
Change (% chg)

$0.10 (+0.29%)
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Open
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Volume
97,018
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Latest Key Developments (Source: Significant Developments)

Open Text reports second quarter fiscal year 2017 financial results
Thursday, 2 Feb 2017 04:01pm EST 

Open Text Corp : Open Text reports second quarter fiscal year 2017 financial results . Q2 revenue $543 million versus I/B/E/S view $535.1 million . Open Text Corp qtrly gaap-based eps, diluted of $0.18 on a post share split basis . Open Text Corp qtrly non-gaap-based eps, diluted of $0.54 on a post share split basis . Open Text Corp - anticipated cost is expected to be approximately $50 million, and primarily relates to workforce and facility consolidations . Open Text Corp - expect any savings realized during remainder of fiscal 2017 to be largely offset by one-time ecd integration costs . Open Text Corp - in connection with acquisition, opentext is implementing restructuring activities to streamline our operations . Open Text Corp-"anticipated adjusted operating margin range of 34 pct to 38 pct" for 2020 .Open Text Corp - the restructuring charges are expected to be incurred during remainder of fiscal 2017 and into fiscal 2018.  Full Article

OpenText announces 2-for-1 share split
Wednesday, 21 Dec 2016 04:01pm EST 

Open Text Corp : OpenText Corp - share split will be implemented by way of a share dividend whereby shareholders of record at close of business on Jan 9, 2017 .OpenText announces 2-for-1 share split.  Full Article

Open Text says Q1 gaap earnings per share $7.46
Thursday, 3 Nov 2016 04:01pm EDT 

Open Text Corp : Open text corp - acquisition of dell-emc's ecd business is progressing according to plan and we expect to close transaction within an estimated 75 days . Opentext reports first quarter fiscal year 2017 financial results . Q1 non-gaap earnings per share $0.86 . Q1 gaap earnings per share $7.46 . Q1 revenue $492 million versus i/b/e/s view $495 million .Q1 earnings per share view $0.87 -- Thomson Reuters I/B/E/S.  Full Article

OpenText says substantially completed acquisition of HP's customer communications management assets
Monday, 1 Aug 2016 09:00am EDT 

Hp Inc :Has substantially completed closing of previously announced acquisition of customer communications management (CCM) assets from HP Inc.  Full Article

OpenText signs agreement to buy HP's customer communications management
Monday, 20 Jun 2016 09:00am EDT 

Open Text Corp : OpenText signs definitive agreement to acquire customer communications management and other assets of HP Inc . Transaction purchase price is approximately USD $315 million . OpenText Corp says deal to be immediately accretive to earnings and on opentext operating model by end of Q1 F17 . Transaction is expected to close in Q1 of FY17 . Solutions being acquired are expected to generate between USD $110 and USD $125 millions of annualized revenues .Co, HP Inc also exploring opportunities to work together in future to expand their software solutions.  Full Article

Opentext signs agreement to acquire Recommind Inc
Thursday, 2 Jun 2016 09:00am EDT 

Open Text Corp : Opentext signs definitive agreement to acquire Recommind, Inc . Transaction purchase price is approximately $163 million . Deal to be immediately accretive to earnings . Solutions being acquired are expected to generate between $70m and $80m of annualized revenues .Solutions being acquired can be on Opentext operating model within first 12 months after closing.  Full Article

OpenText announces proposed offering of senior unsecured fixed rate notes
Wednesday, 25 May 2016 09:20am EDT 

Open Text Corp : Proposed offering of U.S.$500 million aggregate principal amount of its senior unsecured fixed rate notes due 2026 .OpenText announces proposed offering of senior unsecured fixed rate notes.  Full Article

OpenText Corp to acquire ANXeBusiness Corp
Wednesday, 27 Apr 2016 04:01pm EDT 

OpenText Corp:Entered into a definitive agreement to acquire ANXeBusiness Corp.transaction purchase price is approximately $100 million.Acquisition is expected to generate approximately $30 million of annualized revenues, be both accretive and on the OpenText operating model, immediately.  Full Article

OpenText through indirect wholly-owned subsidiary completes acquisition of Daegis Inc.
Monday, 23 Nov 2015 09:04am EST 

OpenText:announced that, through its indirect wholly-owned subsidiary, Company D Merger Sub Inc., it has successfully completed its acquisition of Daegis Inc.  Full Article

OpenText Corp signs definitive agreement to acquire Daegis Inc
Thursday, 8 Oct 2015 04:40pm EDT 

OpenText Corp:Definitive agreement to acquire Daegis Inc., a global information governance, data migration solutions and development tools company.Under terms of the agreement, a newly formed, indirect wholly-owned subsidiary of OpenText will commence a tender offer for all outstanding shares of Daegis for $0.82 per share in cash, for a total equity value of about $13.5 mln.OpenText will fund the acquisition with cash on hand.OpenText intends to commence a tender offer for all of the shares of common stock of Daegis within 10 business days.Under the agreement, the tender offer will be followed by a merger to acquire any untendered shares.Says tender offer is subject to the tender of a majority of Daegis' shares and certain other customary closing conditions.It is expected that the transaction will close in the second quarter of OpenText's fiscal 2016.  Full Article

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