Edition:
India

Open Text Corp (OTEX.TO)

OTEX.TO on Toronto Stock Exchange

45.95CAD
27 Mar 2020
Change (% chg)

$-4.05 (-8.10%)
Prev Close
$50.00
Open
$48.25
Day's High
$48.53
Day's Low
$45.64
Volume
2,045,129
Avg. Vol
729,021
52-wk High
$63.43
52-wk Low
$42.30

Latest Key Developments (Source: Significant Developments)

Open Text Corp Says On February 18, Co Issued And Sold $900 Mln Of 3.875% Senior Unsecured Fixed Rate Notes Due 2028
Wednesday, 19 Feb 2020 

Feb 18 (Reuters) - Open Text Corp ::OPEN TEXT CORP - ON FEBRUARY 18, CO ISSUED AND SOLD $900 MILLION OF 3.875% SENIOR UNSECURED FIXED RATE NOTES DUE 2028.OPEN TEXT CORP - ON FEB 18, CO'S UNIT ISSUED & SOLD $900 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 4.125% SENIOR UNSECURED FIXED RATE NOTES DUE 2030.OPEN TEXT CORP - INTENDS TO USE SUBSTANTIAL PORTION OF NET PROCEEDS FROM ABOVE OFFERINGS TO REFINANCE $1.55 BILLION IN OUTSTANDING DEBT.  Full Article

OpenText Announces Pricing Of Senior Unsecured Fixed Rate Notes To Refinance Outstanding Debt
Tuesday, 4 Feb 2020 

Feb 3 (Reuters) - Open Text Corp ::OPENTEXT ANNOUNCES PRICING OF SENIOR UNSECURED FIXED RATE NOTES TO REFINANCE OUTSTANDING DEBT.OPEN TEXT - PRICED OFFERINGS OF $1.8 BILLION OF SENIOR UNSECURED FIXED RATE NOTES.  Full Article

Opentext Reports Q2 Fiscal Year 2020 Financial Results
Friday, 31 Jan 2020 

Jan 30 (Reuters) - Open Text Corp ::OPENTEXT REPORTS Q2 FISCAL YEAR 2020 FINANCIAL RESULTS.  Full Article

Opentext Reports Qtrly Non-Gaap Diluted Eps Of $0.84
Friday, 31 Jan 2020 

Jan 30 (Reuters) - Open Text Corp ::OPENTEXT REPORTS SECOND QUARTER FISCAL YEAR 2020 FINANCIAL RESULTS.OPEN TEXT CORP - QTRLY GAAP DILUTED EPS OF $0.40.OPEN TEXT CORP - QTRLY NON-GAAP DILUTED EPS OF $0.84.OPEN TEXT- ANNOUNCING RESTRUCTURING PLAN THAT WILL IMPACT GLOBAL WORKFORCE, CONSOLIDATE CERTAIN REAL ESTATE FACILITIES TO FURTHER STREAMLINE OPERATIONS.OPEN TEXT CORP QTRLY REVENUE $771.6 MILLION VERSUS $735.2 MILLION.OPEN TEXT- ANTICIPATED COST EXPECTED TO BE APPROXIMATELY $26 MILLION TO $34 MILLION FROM RESTRUCTURING PLAN.OPEN TEXT- RESTRUCTURING ACTIVITIES ARE ANTICIPATED TO BE COMPLETED BY THE END OF FISCAL 2021.OPEN TEXT - CO ANTICIPATES ANNUALIZED COST SAVINGS OF ABOUT $37 MILLION TO $41 MILLION.OPEN TEXT- EXPECT CARBONITE REVENUE CONTRIBUTION TO BE DOWN FOR NEXT FEW QTRS, THEN NORMALIZE TO HISTORICAL LEVELS THEREAFTER.  Full Article

Tortoise Says Carbonite Will Be Removed From Tortoise Global Cloud Infrastructure Index
Tuesday, 24 Dec 2019 

Dec 23 (Reuters) - Carbonite Inc ::TORTOISE ANNOUNCES EXPECTED CONSTITUENT CHANGE DUE TO MERGER AND ACQUISITION ACTIVITY.TORTOISE - CARBONITE WILL BE REMOVED FROM TORTOISE GLOBAL CLOUD INFRASTRUCTURE INDEX EFFECTIVE DEC. 26, DUE TO COMPLETION OF DEAL BY OPEN TEXT CORP.  Full Article

Open Text Corp Files For Potential Mixed Shelf Offering; Size Not Disclosed
Saturday, 30 Nov 2019 

Nov 29 (Reuters) - Open Text Corp ::OPEN TEXT CORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

OpenText To Acquire Carbonite Inc
Monday, 11 Nov 2019 

Nov 11 (Reuters) - Carbonite Inc ::OPENTEXT TO ACQUIRE CARBONITE, INC..CARBONITE INC - EXPECT SIGNIFICANT EXPANSION OF CLOUD REVENUES, CLOUD MARGINS, ADJUSTED EBITDA AND CASH FLOWS IN FISCAL 2021 FROM DEAL.OPEN TEXT CORP - CARBONITE DEAL ACCRETIVE, AND TARGETING TO BE ON OPENTEXT OPERATING MODEL BY END OF FISCAL 2021.CARBONITE INC - DEAL IS FUNDED WITH OPENTEXT'S EXISTING CASH ON HAND AND REVOLVER.  Full Article

Carbonite To Be Acquired By Opentext For $23.00 Per Share
Monday, 11 Nov 2019 

Nov 11 (Reuters) - Carbonite Inc ::CARBONITE TO BE ACQUIRED BY OPENTEXT FOR $23.00 PER SHARE.DEAL FOR ENTERPRISE VALUE OF APPROXIMATELY $1.42 BILLION.QTRLY REVENUE OF $125.6 MILLION INCREASED 62% YEAR-OVER-YEAR..QTRLY NON-GAAP REVENUE OF $135.0 MILLION INCREASED 71% YEAR-OVER-YEAR.QTRLY NET LOSS PER SHARE WAS $0.40.Q3 NON-GAAP NET INCOME PER SHARE WAS $0.61 (BASIC) AND $0.60 (DILUTED).Q3 EARNINGS PER SHARE VIEW $0.48, REVENUE VIEW $131.6 MILLION -- REFINITIV IBES DATA.  Full Article

Opentext Posts Q1 EPS Of $0.27
Friday, 1 Nov 2019 

Oct 31 (Reuters) - Open Text Corp ::OPENTEXT REPORTS FIRST QUARTER FISCAL YEAR 2020 FINANCIAL RESULTS.OPEN TEXT CORP - QTRLY REVENUE $696.9 MILLION VERSUS $667.2 MILLION.OPEN TEXT CORP - QTRLY EARNINGS PER SHARE $0.27.OPEN TEXT CORP - QTRLY ADJUSTED EARNINGS PER SHARE $0.64.  Full Article

Micro Focus Says Notes Announcement That Open Text Not Mulling Potential Acquisition Of Co
Monday, 21 Oct 2019 

Oct 21 (Reuters) - Micro Focus International PLC ::RESPONSE TO SPECULATION.NOTES ANNOUNCEMENT BY OPEN TEXT CORP CONFIRMING THAT IT IS NOT CONSIDERING A POTENTIAL ACQUISITION OF MICRO FOCUS.  Full Article