Stock Track | Open Text Soars 7.94% Intraday on Strong Earnings Beat and Strategic Announcements

Stock Track

Feb 06

Open Text's stock surged 7.94% during intraday trading on Friday, extending its positive momentum from the pre-market session.

The rally was primarily 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, while quarterly revenue reached $1.327 billion, also surpassing consensus forecasts. Cloud revenues grew 3.4% year-over-year, marking 20 consecutive quarters of organic cloud growth, and the company maintained a robust adjusted EBITDA margin of 37.0%.

Investor sentiment was further bolstered by strategic announcements including the appointment of a 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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The enterprise software provider reported non-GAAP earnings per share of $1.13, exceeding analyst estimates, while quarterly revenue reached $1.327 billion, also surpassing consensus forecasts. Cloud revenues grew 3.4% year-over-year, marking 20 consecutive quarters of organic cloud growth, and 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 a 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":"1133853604","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1133853604","pubTimestamp":1770389144,"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's stock surged 7.94% during intraday trading on Friday, extending its positive momentum from the pre-market session.The rally was primarily driven by the company's release of...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OTEX":"Open Text Corporation"},"translate_title":"个股轨迹|Open Text盘中大涨7.94%，因强劲盈利超预期和战略公告","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OTEX":1},"content_text":"Open Text's stock surged 7.94% during intraday trading on Friday, extending its positive momentum from the pre-market session.The rally was primarily driven by the company's release of better-than-expected second quarter fiscal 2026 financial results. 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