OTEX - OpenText Faces Slow Organic Revenue Growth And Higher R&D Expenses
2024-07-19 15:43:30 ET
Summary
- OpenText provides information management software globally, but slow organic growth and increased R&D spending pose challenges.
- The global information management market is expected to grow, with major competitors including IBM, Oracle, and SAP.
- Despite recent financial trends showing growth in revenue and operating income, OTEX's stock has underperformed.
- With slow organic revenue growth and likely higher R&D expenses, I remain Neutral (Hold) on OTEX.
Investment Outlook
OpenText ( OTEX ) provides a range of information management software to organizations worldwide....
OpenText Faces Slow Organic Revenue Growth And Higher R&D Expenses