Stock Track | Open Text Soars 5% in After-Hours Trading on Strong Q2 Earnings Beat
Stock Track
Feb 06
Open Text Corporation's stock surged 5.00% in after-hours trading on Thursday, following the release of the company's second quarter fiscal 2026 financial results.
The significant price movement was driven by the company reporting better-than-expected earnings and revenue. Open Text announced non-GAAP earnings per share of $1.13, which exceeded analyst estimates. The company also reported quarterly sales of $1.327 billion, surpassing consensus forecasts.
These positive financial results, indicating stronger profitability than anticipated, prompted investor optimism in the extended trading session, leading to the notable after-hours gain for the enterprise software provider.
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