Open Text Shares Higher as 2Q Content Management Cloud Unit Props Revenue Above Views

Dow Jones
02/06
 

By Adriano Marchese

 

Shares of Open Text climbed Friday after the company reported better-than-expected revenue, driven by its content management cloud business.

Shares trading in Toronto were 4.6% higher at 32.66 Canadian dollars ($23.82).

The Canadian enterprise-software company late Thursday reported revenue that fell slightly, down by 0.6% at $1.33 billion. Revenue came in ahead of expectations, with Wall Street anticipating a decline to $1.3 billion, according to FactSet.

Cloud revenues rose 3.4% to $478 million, while enterprise cloud bookings rose 18% to $295 million.

Annual recurring revenues were $1.06 billion, up 0.7%.

Net income fell to $168 million or 66 cents a share, compared with $230 million or 87 cents a share a year earlier.

On an adjusted basis, earnings were $1.13 a share, topping expectations of $1.03.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

February 06, 2026 10:02 ET (15:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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