On Thursday, Open Text Corporation (USA) (NASDAQ:OTEX)’s shares declined -13.37% to $42.45.
Open Text Corporation (USA) (OTEX) declared that Mark J. Barrenechea, President and CEO, has resumed full involvement in day-to-day operations of the Company after formerly announcing on February 23, 2015 that he would reduce his involvement for about 100 days to seek treatment for Leukemia. The CEO Operating Committee that had been established to assist in the administration of the Company’s day-to-day operations has been disbanded.
Company Reaffirms Approach to Deliver Superior Shareholder Value
As OpenText executes its Cloud business strategy, it does not expect its financial philosophy to change, nor its view on being a value-based acquirer, and the Company remains focused on delivering superior shareholder value. Over the last seven years, the Company has delivered a revenue cumulative average growth rate (CAGR) of 15%, and an adjusted net income CAGR of 28%. The Company has delivered its revenue growth through a combination of acquisitions augmented by organic growth and delivered its earnings growth through expense discipline and operational excellence. OpenText values earnings over unprofitable revenue growth.
Open Text Corporation provides a suite of software products and services that assist organizations in finding, utilizing, and sharing business information from various devices. The company offers enterprise content administration products that provide content administration, records administration, archiving, email solutions, and partnershipcapabilities; business process administration for analyzing, automating, monitoring, and optimizing structured business processes; and customer experience administration products, which offer Web content administration, digital asset administration, customer communications administration, social communities, and portal capabilities.
Chanticleer Holdings Inc (NASDAQ:HOTR)’s shares dropped -13.02% to $3.34.
Chanticleer Holdings Inc (HOTR) declared that BGR: The Burger Joint (“BGR”) will be opening its second international franchise location in Kuwait by the end of the month.
The second BGR location will be in The Cube Mall, a newly constructed state-of-the art mall located in Salmiya, seven miles south east of its Kuwait City BGR location. Salmiya is considered Kuwait’s flagship district being a major cultural and commercial hub. BGR will have a premier location that leads out to a world class outdoor terrace and fountain.
This is an exciting time for us as we start to expand our footprint in Kuwait. The brand and concept has taken off with the local patrons and we look forward to adding additional franchise locations in this market,” stated Ed Kelly, President of Franchising, BGR: The Burger Joint.
Chanticleer Holdings, Inc. owns and operates fast casual dining and bar concepts in the United States and internationally. The company’s Hooters restaurants are casual beach-themed establishments with music, sports on large flat screens, and the Hooters Girls.
At the end of Thursday’s trade, Dicerna Pharmaceuticals Inc (NASDAQ:DRNA)‘s shares dipped -12.73% to $16.31.
Dicerna Pharmaceuticals Inc (DRNA) declared the pricing of its underwritten registered public offering of 2,750,000 shares of its common stock at a price to the public of $17.75 per share. Closing of the offering is predictable to occur on May 27, 2015, subject to customary closing conditions. Dicerna also granted the underwriters a 30-day option to purchase up to 412,500 additional shares of common stock.
All of the shares sold in the offering are being sold by Dicerna, and Dicerna intends to use the net proceeds from the offering for preclinical studies and clinical trials, with the remainder of any net proceeds from sales of securities being used for continued technology platform development, working capital and general corporate purposes.
Dicerna Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the discovery and development of treatments for liver diseases and cancers based on a proprietary RNA interference technology platform in the United States and internationally.
Booz Allen Hamilton Holding Corporation (NYSE:BAH), ended its Thursday’s trading session with -11.82% loss, and closed at $25.13.
Booz Allen Hamilton Holding Corporation (BAH) declared preliminary results for the fourth quarter and full year fiscal 2015. The Company’s full-year financial results were in line with its upwardly revised guidance, which was offered at the end of the third quarter. The revised guidance called for a low single-digit percentage decline in revenue, and Adjusted Diluted Earnings Per Share in the range of $1.58 and $1.62 per share. As a result of the Company’s effective administration of the business, Adjusted EBITDA margins continued to expand and Adjusted Net Income declined at a lower rate than revenue. Additionally, the Company stated a second sequential quarter of headcount gains and year-end funded backlog is at its highest level since fiscal year 2012.
Revenue for fiscal year 2015 was $5.27 billion, contrast with $5.48 billion in the preceding year period. Revenue in the fourth quarter was $1.34 billion, contrast with $1.40 billion in the preceding year period. In fiscal year 2015, Adjusted EBITDA was $523.5 million contrast to $534.0 million in the preceding year period, and Adjusted EBITDA margins raised to 9.9 percent from 9.7 percent. Adjusted Net Income declined slightly to $240.3 million in fiscal 2015 from $241.9 million in the preceding-year period, and Adjusted Diluted Earnings per Share was $1.60 for fiscal year 2015, contrast with $1.63 in the preceding fiscal year.
The Company authorized and declared a regular dividend of $0.13 per share, payable on June 30, 2015, to stockholders of record on June 10, 2015.
Booz Allen Hamilton Holding Corporation provides administration consulting, mission operations, technology, and engineering services in the United States and internationally. Its services comprise enhancing field intelligence systems, delivering rapid response solutions, infusing lifecycle sustainment capabilities, and employing systems and consulting methods to assist expand care and support for soldiers and their families; integrated strategy and technical services; mission-critical support and solutions; data collection administration and analytical services; and supporting clients in defense agencies.
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