Tuesday, Open Text Corp. (OTEX,OTC.TO) reported first-quarter net income of US$1.7 million or US$0.03 per share, compared to US$14.7 million or US$0.28 per share in the same quarter last year.
On an adjusted basis, net income was US$32.8 million or US$0.58 per share, up from US$28.2 million or US$0.53 per share in the year ago quarter.
On average, 14 analysts polled by Thomson Reuters expected the company to earn US$0.58 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was US$211.4 million, up 16% from US$182.6 million in the comparable quarter last year. Analysts expected the company to report revenue of US$209.94 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.