FILING ANALYSIS · THURSDAY, NOVEMBER 5
OPEN TEXT CORP OTEX — 8-K: Results of Operations and Financial Condition
neutral
OpenText reported a 2% year-over-year growth in core revenues and an 11% year-over-year growth in core cloud revenues, with a net income margin of 13% and an adjusted EBITDA margin of 35.8%, but total revenues declined 4% year-over-year. The company also declared a dividend of $0.28 per common share and completed a $1.0 billion debt refinancing, providing greater financial flexibility.
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