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Benzinga
Benzinga
Business
Benzinga Insights

EXPLAINED: Open text earnings perspective return on capital employed | Rare Historical Photos

Open Text OTEX

According to Benzinga Pro data Open Text (NASDAQ:OTEX) posted a 33.06% decrease in earnings from Q1. Sales, however, increased by 5.35% over the previous quarter to $876.80 million. Despite the increase in sales this quarter, the decrease in earnings may suggest Open Text is not utilizing their capital as effectively as possible. Open Text reached earnings of $131.97 million and sales of $832.31 million in Q1.

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