Open Text Corporation (OTEX) Q3 2009 Earnings Results

Open Text Corp Beats on EPS, Stock Down 4.95%

Open Text Corp's earnings report showed a small beat on EPS, which is a positive sign for the company. However, the stock fell nearly 5% in reaction, likely due to the lack of revenue information and no guidance updates. Investors may be concerned about the broader market challenges mentioned by management.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.59	N/A	+1.72%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Cautiously Optimistic

Overall, management conveyed a cautious outlook, acknowledging market difficulties while emphasizing their commitment to strategic initiatives.

Management highlighted ongoing challenges in the market but expressed confidence in long-term strategies.

They noted that while current conditions are tough, they are focused on innovation and customer retention.

Open Text Corp Beats on EPS, Stock Down 4.95%

Key numbers

Management commentary

Open Text Corporation

More earnings this week

Open Text Corp Beats on EPS, Stock Down 4.95%

Key numbers

Management commentary