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OTEX.O

ISIN: CA6837151068
SEDOL: 2655657

Rating:

STRONG BUY

Target Price:

37.00 USD

Investment Horizon:

6 to 12 months
28th Jan 2009 View Report   Download

1Q 09 Update Report

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Open Text Corporation (Open Text) witnessed modest double-digit top-line growth in 1Q 09, as growth in the License segment was driven by increased demand for compliance solutions. Net income for the quarter nearly doubled y-o-y, led by lower interest expenses. We expect future top-line growth to be enhanced by the company’s strong relationships with its partners…

4th Nov 2008 View Report   Download

1Q 09 Update Report

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Open Text Corporation (Open Text) witnessed modest double-digit top-line growth in 1Q 09, as growth in the License segment was driven by increased demand for compliance solutions. Net income for the quarter nearly doubled y-o-y, led by lower interest expenses. We expect future top-line growth to be enhanced by the company’s strong relationships with its partners and contribution from inorganic activities. Cost reduction…

13th Oct 2008 View Report   Download

Company News Alert

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Open Text Corporation’s (Open Text) common stock price has witnessed a significant decline since our 4Q 08 and FY 2008 update report, dated 03 October 2008, led by the worsening state of equity markets worldwide on account of a challenging global economic environment and the US and European financial markets crisis....

3rd Oct 2008 View Report   Download

4Q 08 Update Report

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Open Text Corporation (Open Text) witnessed healthy double-digit top-line growth in 4Q 08 and FY 2008, led by growth in the License and Customer Support segments. Operating margin for 4Q 08 and FY 2008 increased y-o-y on account of declining cost of operations as a percentage of revenues and top-line growth....

5th Sep 2008 View Report   Download

Company News Alert

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On 04 September 2008 Open Text Corporation (Open Text) announced that it will acquire Captaris Inc., a leading provider of software products for a cash consideration of approximately US$131 mn or US$4.80 per share for each Captaris stock. Although the acquisition is expected to further strengthen Open Text’s Enterprise Content Management (ECM) solutions business, losses reported at operating and net levels remain a cause for concern....