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home / news releases / open text decent cash generating business with tempo

OTEX - Open Text: Decent Cash-Generating Business With Temporary Headwinds

Open Text Corporation

2024-05-05 13:16:21 ET

Summary

  • OpenText is a Canadian company that develops information management software for the enterprise market.
  • Recent performance has been volatile, driven by recent selloffs after Q3 earnings call as Open Text projects lower revenue guidance in FY 2025 due to major divestiture.
  • Nonetheless, Open Text's strong focus on reducing debt and increasing shareholder returns through buybacks and dividend increase could drive upside.

Open Text ( OTEX ) is a Canadian company developing information management software for the enterprise market....

For further details see:

Open Text: Decent Cash-Generating Business With Temporary Headwinds
Stock Information
Company Name: Open Text Corporation
Stock Symbol: OTEX
Market: NASDAQ
Website: opentext.com
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