Open Text (NASDAQ:OTEX) reported its Q3 earnings results on Thursday, May 4, 2023 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Open Text beat estimated earnings by 55.32%, reporting an EPS of $0.73 versus an estimate of $0.47.
Revenue was up $362.72 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.15 which was followed by a 4.33% increase in the share price the next day.
Here’s a look at Open Text’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.04 | 1.03 | 1 | 0.86 |
| EPS Actual | 0.89 | 0.77 | 0.8 | 0.70 |
| Revenue Estimate | 1.16B | 1.14B | 1.16B | 1.14B |
| Revenue Actual | 897.44M | 852.04M | 902.45M | 882.28M |
To track all earnings releases for Open Text visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
