Open Text Q3 2024 Adj EPS $0.94, Inline, Sales $1.447B Beat $1.431B Estimate
Portfolio Pulse from Benzinga Newsdesk
Open Text (OTEX) reported Q3 2024 adjusted EPS of $0.94, meeting analyst estimates, and sales of $1.447B, exceeding the $1.431B forecast. This represents a 28.77% increase in earnings and a 16.22% increase in sales over the same period last year.
May 02, 2024 | 8:17 pm
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Open Text reported a 28.77% increase in adjusted EPS and a 16.22% increase in sales for Q3 2024, meeting and exceeding analyst expectations, respectively.
Meeting the EPS estimate and exceeding sales forecasts typically has a positive impact on investor sentiment and stock price in the short term. The significant year-over-year growth in both earnings and sales further strengthens the case for a positive outlook on OTEX's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100