OpenText Finishes Its Fiscal Year With Solid Gains

Enterprises across the world are looking to take advantage of the benefits of cloud computing, but they need help to implement information technology strategies that will work best for their respective businesses. OpenText (NASDAQ: OTEX) has held itself out as a specialist in providing tools that customers can use to manage their data and make the best use of it for strategic purposes. That business model has produced strong growth for OpenText even amid competition from much larger players in the tech industry.

Coming into Thursday's fiscal fourth-quarter financial report, OpenText shareholders were hoping that the company would be able to sustain high growth rates with accelerating gains in some key areas. OpenText's results were good, and the company thinks it has a long runway ahead of it for future growth. Let's look more closely at OpenText and what its latest report says about its prospects ahead.

Image source: OpenText.

Source: Fool.com