Open Text Q4 2024 Adj. EPS $0.98 Misses $1.01 Estimate, Sales $1.362B Miss $1.404B Estimate
Portfolio Pulse from Benzinga Newsdesk
Open Text (NASDAQ:OTEX) reported Q4 2024 earnings of $0.98 per share, missing the analyst estimate of $1.01. Sales were $1.362 billion, also below the $1.404 billion estimate and down 8.65% from the same period last year.
August 01, 2024 | 8:38 pm
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Open Text reported Q4 2024 earnings of $0.98 per share, missing the analyst estimate of $1.01. Sales were $1.362 billion, also below the $1.404 billion estimate and down 8.65% from the same period last year.
The earnings and sales miss, along with a significant year-over-year decline in sales, are likely to negatively impact OTEX's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100