OTEX Stock: 4.33% Increase Explanation

By Amit Chowdhry ● Feb 5, 2023
  • The stock price of Open Text Corp (NASDAQ: OTEX) increased by 4.33% in the most recent trading session. This is why.

The stock price of Open Text Corp (NASDAQ: OTEX) increased by 4.33% in the most recent trading session.

Why: Q2 results

Results: Open Text (NASDAQ: OTEX) reported a Q2 EPS of $0.89, which was $0.11 higher than a consensus of $0.78. And the revenue for the quarter was $897 million compared to a consensus of $870.98 million.