Stock Track | Open Text Soars 5.53% on Strong Q2 Earnings Beat and Cloud Growth

Stock Track

Feb 06

Open Text Corporation's stock surged 5.53% during extended trading on Thursday, driven by the company's release of better-than-expected second quarter fiscal 2026 financial results.

The enterprise software provider reported non-GAAP earnings per share of $1.13, exceeding analyst estimates that ranged from $1.01 to $1.03. Quarterly revenue reached $1.327 billion, also surpassing consensus forecasts. Notably, cloud revenues grew 3.4% year-over-year, marking 20 consecutive quarters of organic cloud growth, while the company maintained a robust adjusted EBITDA margin of 37.0%.

Investor sentiment was further bolstered by strategic announcements including the appointment of Ayman Antoun as the new Chief Executive Officer effective April 2026, and progress on divesting non-core assets to sharpen the company's focus on its core Enterprise Information Management for AI market.

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Notably, cloud revenues grew 3.4% year-over-year, marking 20 consecutive quarters of organic cloud growth, while the company maintained a robust adjusted EBITDA margin of 37.0%.</p><p>Investor sentiment was further bolstered by strategic announcements including the appointment of Ayman Antoun as the new Chief Executive Officer effective April 2026, and progress on divesting non-core assets to sharpen the company's focus on its core Enterprise Information Management for AI market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OTEX","symbol_name":"Open Text Corporation","start_time":0,"source_url":"","article_id":"1132395038","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132395038","pubTimestamp":1770343868,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Open Text Corporation's stock surged 5.53% during extended trading on Thursday, driven by the company's release of better-than-expected second quarter fiscal 2026 financial results.The enterprise...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OTEX":"Open Text Corporation"},"translate_title":"股票追踪|Open Text因强劲的第二季度盈利和云增长而飙升5.53%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OTEX":1},"content_text":"Open Text Corporation's stock surged 5.53% during extended trading on Thursday, driven by the company's release of better-than-expected second quarter fiscal 2026 financial results.The enterprise software provider reported non-GAAP earnings per share of $1.13, exceeding analyst estimates that ranged from $1.01 to $1.03. 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