Business
Add as a preferred source on GoogleThe company placed next-quarter sales in a $1.26 billion to $1.29 billion range and set a 2% to 3% core growth target.
Open Text kept its fiscal 2027 outlook after its core business expanded in the first quarter, placing next-quarter sales in a range of $1.26 billion to $1.29 billion.
The company set a 2% to 3% target for core growth.
In fiscal first-quarter 2027, currency-adjusted core revenue was 2.7% higher than in the year-earlier period. Open Text also reported an 11.7% rise in core cloud revenue. Adjusted EBITDA margin for the quarter came to 35.8%.
Basic and diluted earnings per share were both $1.51. The quarter ended Sept. 30, and the company’s results release was dated Nov. 5.
Coherent reported $2.37 billion in fiscal 2027 first-quarter sales, with GAAP growth at 49.9% and the pro forma measure at 56%.
Gaming recorded 5% organic growth, compared with 1% at Enterprise; GAAP earnings per share were DKK 0.82.
