February 2, 2017 / 9:16 PM / 8 months ago

BRIEF-Open Text reports second quarter fiscal year 2017 financial results

Feb 2 (Reuters) - Open Text Corp :

* Open Text reports second quarter fiscal year 2017 financial results

* Q2 revenue $543 million versus I/B/E/S view $535.1 million

* Open Text Corp qtrly gaap-based eps, diluted of $0.18 on a post share split basis

* Open Text Corp qtrly non-gaap-based eps, diluted of $0.54 on a post share split basis

* Open Text Corp - anticipated cost is expected to be approximately $50 million, and primarily relates to workforce and facility consolidations

* Open Text Corp - expect any savings realized during remainder of fiscal 2017 to be largely offset by one-time ecd integration costs

* Open Text Corp - in connection with acquisition, opentext is implementing restructuring activities to streamline our operations

* Open Text Corp-“anticipated adjusted operating margin range of 34 pct to 38 pct” for 2020

* Open Text Corp - the restructuring charges are expected to be incurred during remainder of fiscal 2017 and into fiscal 2018 Source text for Eikon: Further company coverage:

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