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BRIEF-Opentext Reports Qtrly Non-Gaap Diluted Eps Of $0.84

Published 2020-01-30, 05:33 p/m
BRIEF-Opentext Reports Qtrly Non-Gaap Diluted Eps Of $0.84
OTEX
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Jan 30 (Reuters) - Open Text Corp OTEX.TO :

* 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

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