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March 31, 2014
09:01 EDTOTEXOpen Text seeking infringement damages from Box, Inc. for more than $268M
OpenText advised Box, Inc. on March 30, 2014 that while OpenText seeks preliminary and permanent injunctions halting the sale of Box's products, it otherwise seeks damages exceeding $268M in the patent infringement lawsuit against Box. OpenText also seeks interest, damages for willful infringement, and attorney fees. This information was delivered to Box in response to Box's March 26 demand that OpenText provide the amount of its damages claimed in response to Box's discovery request.
News For OTEX From The Last 14 Days
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July 30, 2015
12:55 EDTOTEXOn The Fly: Top stock stories at midday
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10:05 EDTOTEXHigh option volume stocks
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10:00 EDTOTEXOn The Fly: Analyst Upgrade Summary
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06:32 EDTOTEXOpenText upgraded to Outperform from Sector Perform at RBC Capital
July 29, 2015
19:32 EDTOTEXOn The Fly: After Hours Movers
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17:27 EDTOTEXOpenText announces $200M share buyback
OpenText CEO Mark Barrenechea said, "Today we announced a share buyback of up to $200M and our quarterly dividend of 20c. We also re-affirm our intent to allocate $3B in capital to acquisitions in the coming years."
16:56 EDTOTEXOpenText up 10.3% after reporting Q4 results, expanding partnership with SAP
16:49 EDTOTEXOpenText announces expanded partnership with SAP
OpenText (OTEX) and SAP (SAP) announced they will team up with OpenText to provide B2B managed services capabilities to multi-national businesses. "OpenText is pleased to expand its partnership with SAP to help companies simplify the increasing complexities of trading partners and B2B management," said Mark Barrenechea, president and CEO of OpenText. "We can address the timely and complex integrations that many customers have with their trading partners around the world. SAP, together with Ariba, an SAP company, and OpenText will provide customers a solution that enables them to improve time to revenue, reduce costs and helps to advance the digital transformation that today's leaders are undertaking."
16:18 EDTOTEXOpenText reports Q4 EPS 87c, consensus 69c
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