Open Text: Q3 Earnings Insights

Open Text 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.

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.

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.