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Open Text Corp (OTEX.O)

OTEX.O on Nasdaq

32.48USD
16 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Opentext qtrly ‍GAAP-based EPS $0.17​
Thursday, 3 Aug 2017 04:01pm EDT 

Aug 3 (Reuters) - Open Text Corp :Opentext reports fourth quarter and fiscal year 2017 financial results.Open Text Corp - qtrly ‍total revenue of $664 million, up 37% y/y​.Open Text Corp - qtrly ‍GAAP-based EPS $0.17​.Open Text Corp - qtrly ‍non-GAAP-based EPS $0.60​.Open Text Corp - ‍fiscal 2018 will be first full year of benefit from acquisitions completed over last 12 months​.  Full Article

Guidance Software says OpenText to commence tender offer to buy all outstanding shares of co's common stock in deal at about $240 mln
Wednesday, 26 Jul 2017 06:00am EDT 

July 26 (Reuters) - Guidance Software Inc :Guidance Software says OpenText to commence tender offer to acquire all outstanding shares of co's common stock in transaction valued at about $240 million.Guidance software says Guidance stockholders will receive $7.10 per share in cash for each outstanding share of common stock held.  Full Article

Guidance Software to pay termination fee to Opentext upon termination of merger agreement under specified circumstances
Wednesday, 26 Jul 2017 04:34am EDT 

July 26 (Reuters) - Guidance Software Inc :Guidance Software - Upon termination of merger agreement under specified circumstances, co will be required to pay Opentext a termination fee of $6.0 million.  Full Article

Opentext provides comment on its proposed Covisint acquisition
Friday, 21 Jul 2017 06:09pm EDT 

July 21 (Reuters) - Open Text Corp :OpenText provides comment on its proposed Covisint acquisition.Open Text Corp - does not intend to increase consideration offered to Covisint shareholders.Open Text Corp - "opentext believes a rejection of offer exposes covisint shareholders to significant market valuation risk and diminished liquidity".  Full Article

Covisint says ‍board recommends shareholders to approve sale to Open Text​
Friday, 21 Jul 2017 09:20am EDT 

July 21 (Reuters) - Covisint Corp ::Covisint Corp - ‍board of directors of Covisint has recommended shareholders vote "for" to approve sale of Covisint to open text​.Covisint Corp - ISS, Glass, Lewis & Co. And Egan-Jones recommend shareholders vote "for" sale of co to open text​.Covisint - ‍$2.45 per share merger consideration from Open Text provides company's shareholders with "certainty of value and immediate liquidity​".  Full Article

Opentext to acquire Covisint
Monday, 5 Jun 2017 04:21pm EDT 

June 5 (Reuters) - Covisint Corp ::Opentext to acquire Covisint.Covisint Corp - Opentext intends to fund transaction with cash on hand​.Covisint Corp - deal for ‍enterprise value of $75 million​.Covisint Corp - Ccovisint will be integrated into Opentext business network​.  Full Article

Covisint enters into definitive agreement to be acquired by Opentext
Monday, 5 Jun 2017 04:09pm EDT 

June 5 (Reuters) - Covisint Corp : :Covisint enters into definitive agreement to be acquired by Opentext.Covisint Corp - covisint shareholders will receive $2.45 per share in cash for each outstanding share of common stock held.Covisint Corp - deal for transaction valued at approximately $103 million..Covisint Corp - transaction has been unanimously approved by board of directors of Covisint.Evercore is serving as financial advisor to Covisint and Paul Hastings LLP is acting as legal counsel.  Full Article

Open Text qtrly earnings per share $0.08
Monday, 8 May 2017 04:01pm EDT 

May 8 (Reuters) - Open Text Corp ::Open Text Corp - qtrly total revenue of $593 million, up 35% y/y.Opentext reports third quarter fiscal year 2017 financial results.Open Text Corp - qtrly earnings per share $0.08.Open Text Corp - qtrly adjusted earnings per share $0.45.Q3 earnings per share view $0.49, revenue view $599.7 million -- Thomson Reuters I/B/E/S.Open Text Corp - announcing a 15% increase to quarterly cash dividend to $0.132 per share.Open Text Corp - with ecd integration, it has streamlined its operational structure, eliminated role of president.Open Text Corp - Stephen Murphy, president of open Text has left company.Open Text Corp - expect ecd business revenue contribution in q4 fiscal 2017 to increase approximately 30% quarter over quarter.  Full Article

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