OTEX

OpenText reported yet another disappointing quarter. Revenue was about 4% shy of prior consensus expectations. The composition of those revenues was also disappointing. Cloud revenue growth was just 7%. The company only closed 14 deals greater than $1 million and none of those might be described as blockbusters. These are very disappointing metrics. OpenText remains…

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OTEX

OTEX released earnings after the close. The headlines said that both earnings and revenues missed prior expectations and perhaps on some level they did. But peeling back the release a little bit, the truth is far different than the headlines. This was the quarter in which OTEX acquired Documentum. The transaction closed a couple of…

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OpenText is a holding in both our growth and our income portfolio. The shares have reacted favorably to the transaction and we think there is more good news to come. We intend to continue to maintain our positions of OpenText in both portfolios and expect to see the shares work higher in the wake of…

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