OpenText reports steady revenue as new CEO comes aboard

OpenText reported steady Q3 revenue and increased profits on Thursday, after markets closed. It was a warm welcome for the company’s new CEO, who is taking over as the company has been restructuring to focus on its core businesses. The company’s quarterly revenue was $1.28 billion USD ($1.75 billion CAD), up two percent year over year, and annual recurring revenue of over $1 billion USD.