Open Text Shares Rise on $200M Increase to Buyback Program

Dow Jones

Feb 11

By Adriano Marchese

Open Text shares rose after it increased its share repurchase program by two-thirds.

Shares traded 4.3% higher in Toronto at 35.84 Canadian dollars ($26.43).

The Canadian enterprise software company said that it has raised its fiscal 2026 share repurchase program by $200 million for a maximum aggregate value of $500 million.

The number of shares that can be acquired under the share repurchase program, set to expire in mid-August, is still 24.9 million.

Chief Financial Officer Steve Rai said the upgrade is backed by the company's confidence in its robust cash flow engine.

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

(END) Dow Jones Newswires

February 10, 2026 12:07 ET (17:07 GMT)

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