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Open Text Lowers Expectations

Brice Dunwoodie avatar
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October 6, 2004
Enterprise CMS
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Open Text
Enterprise Content Management vendor Open Text yesterday revised earnings expectations, citing difficulties closing deals in the quarter. Earnings per share for the quarter is expected to be in the range of $0.03 to $0.06 on an adjusted basis, with revenue in the $84 million to $86 million rage. "Our first-quarter results were impacted by a number of varying-sized deals that did not close during the quarter," said Open Text chief executive Tom Jenkins in a statement. "While we are disappointed in our first quarter results, we see no material change to the ECM environment, and our guidance for the fiscal 2005 year is unchanged." Analysts were expecting earnings per share of 11 cents on revenue of $89.4 million.
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About the Author
Brice Dunwoodie

Brice Dunwoodie is the founder and CEO of Simpler Media Group, publisher of CMSWire, Reworked and VKTR. With more than 25 years of enterprise software experience at the intersection of technology, business operations and executive-level strategy, Brice maintains a focus on clarity, evidence-based analysis, visionary thinking and practitioner relevance. His academic background spans California Polytechnic University and the University of Michigan with a focus on psychology, computer science and leadership practices. Connect with Brice Dunwoodie:

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