Open Text (TSX:OTEX) Tax Rate % : 5.78% (As of Mar. 2024)

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What is Open Text Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Open Text's Tax Expense for the three months ended in Mar. 2024 was C$8 Mil. Open Text's Pre-Tax Income for the three months ended in Mar. 2024 was C$141 Mil. Therefore, Open Text's Tax Rate % for the quarter that ended in Mar. 2024 was 5.78%.

Open Text Tax Rate % Historical Data

The historical data trend for Open Text's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Open Text Tax Rate % Chart

Open Text Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Tax Rate %

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35.17

32.11

52.23

23.01

31.97

Open Text Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															-27.48	2.43	11.34	17.59	5.78

Open Text Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Open Text's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Jun. 2023 )	/	Pre-Tax Income (A: Jun. 2023 )
	=	94.021	/	294.063
	=	31.97 %

Open Text's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	8.16	/	141.255
	=	5.78 %

Open Text Tax Rate % Related Terms

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Open Text (TSX:OTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Open Text Corp (TSX:OTEX) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

OTEX:USA OTX:Germany

Address

275 Frank Tompa Drive, Waterloo, ON, CAN, N2L 0A1

Website

https://www.opentext.com

Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada's University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, and presentations). The OpenText Information Management platform and services provide secure and scalable solutions for global enterprises, SMBs, governments, and consumers around the world. It also accelerates transformations with intelligent tools and services. The company is based in Ontario, Canada.

Executives

Mark James Barrenechea

Director, Senior Officer