OTEX Stock Recent News

Amid concerns about inflation and the Federal Reserve's aggressive rate tightening, market conditions are anticipated to remain difficult in 2023. The ongoing Russian invasion of Ukraine further contributes to the uncertain market outlook.

Open Text reported its Q3 earnings which beat expectations. Company is benefiting from integrating its acquisition of Micro Focus, adding to digital analytics capabilities.

If you only read the first paragraph, you would assume it generated a significant profit increase in the third quarter.

OpenText Corporation (NASDAQ:OTEX ) Q3 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Harry Blount – Senior Vice President-Investor Relations Mark J. Barrenechea – Chief Executive Officer and Chief Technology Officer Madhu Ranganathan – Executive Vice President and Chief Financial Officer Conference Call Participants Raimo Lenschow – Barclays Daniel Chan – TD Cowen Thanos Moschopoulos – BMO Capital Markets Paul Treiber – RBC Capital Markets Stephanie Price – CIBC Adhir Kadve – Eight Capital Richard Tse – National Bank Financial Operator Thank you for standing by.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The stock price of Open Text Corp (NASDAQ: OTEX) increased by 4.33% in the most recent trading session. This is why.

Open Text Corporation (NASDAQ:OTEX ) Q2 2023 Earnings Conference Call February 2, 2023 5:00 PM ET Company Participants Harry Blount - Senior Vice President of Investor Relations Mark Barrenechea - Chief Executive Officer & Chief Technology Officer Madhu Ranganathan - Executive Vice President & Chief Financial Officer Conference Call Participants Paul Treiber - RBC Capital Markets Kevin Krishnaratne - Scotiabank Stephanie Price - CIBC Thanos Moschopoulos - BMO Capital Markets Richard Tse - National Bank Financial Daniel Chan - TD Securities Steven Li - Raymond James Operator Thank you for standing by. This is the conference operator.

Open Text Corporation (NASDAQ:OTEX ) Q1 2023 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Harry Blount - Senior Vice President, Investor Relations Mark Barrenechea - Chief Executive Officer and Chief Technology Officer Madhu Ranganathan - Executive Vice President and Chief Financial Officer Conference Call Participants George Kurosawa - Citi Stephanie Price - CIBC Paul Treiber - RBC Capital Markets Richard Tse - National Bank Financial Thanos Moschopoulos - BMO Capital Markets Daniel Chan - TD Securities Operator Thank you for standing by. This is the conference operator.

Slowed growth already weighed on Open Text stock before the 15% crash last week. The recent crash was triggered by an announcement of a large acquisition.

OpenText (OTEX) announced it is buying Micro Focus for $6 billion. These are the details.