Open Text (TSX:OTEX) Construction In Progress : C$327 Mil (As of Mar. 2024)

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What is Open Text Construction In Progress?

Open Text's quarterly construction in progress increased from Sep. 2023 (C$304 Mil) to Dec. 2023 (C$312 Mil) and increased from Dec. 2023 (C$312 Mil) to Mar. 2024 (C$327 Mil).

Open Text's annual construction in progress increased from Jun. 2021 (C$156 Mil) to Jun. 2022 (C$191 Mil) and increased from Jun. 2022 (C$191 Mil) to Jun. 2023 (C$288 Mil).

Open Text Construction In Progress Historical Data

The historical data trend for Open Text's Construction In Progress 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 Construction In Progress Chart

Open Text Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Construction In Progress

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127.21

150.70

156.05

190.85

287.99

Open Text Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															283.04	287.99	303.55	311.61	326.61

Open Text Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Open Text (TSX:OTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Open Text Corp (TSX:OTEX) » Definitions » Construction In Progress

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