Open Text Corp (OTEX) Tops Q1 EPS by 11c

Open Text Corp (NASDAQ: OTEX) reported Q1 EPS of $0.97, $0.11 better than the analyst estimate of $0.86. Revenue for the quarter came in at $453.8 million versus the consensus estimate of $457.6 million.

"We delivered the strongest first quarter results in the history of OpenText, with total revenues of $453.8 million, up 40% year-over-year and non-GAAP-based operating income of $155.7 million, up 57% year-over-year, despite a toughening economy" said Mark J. Barrenechea OpenText CEO. "Our focus on enabling a digital-first world is resonating with customers as they deploy projects to reduce costs, grow revenues or scale with greater efficiency."

"In November we will be hosting our annual Enterprise World user conference where we will unveil important new innovations such as: Service Pack 1 (SP1) for our EIM suites, our next-generation cloud offerings and our future plans for project Blue Carbon."

For earnings history and earnings-related data on Open Text Corp (OTEX) click here.

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