Open Text (OTEX) Beats Q2 Earnings and Revenue Estimates
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Open Text (OTEX) reported Q2 earnings of $1.11 per share, surpassing the Zacks Consensus Estimate of $0.92. This is a positive earnings surprise, although it is a decrease from last year's $1.24 per share.
February 06, 2025 | 11:30 pm
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Open Text (OTEX) exceeded Q2 earnings expectations with $1.11 per share, compared to the expected $0.92. Despite the positive surprise, earnings are lower than last year's $1.24 per share.
The positive earnings surprise is likely to boost investor confidence and potentially lead to a short-term increase in OTEX's stock price. However, the decrease from last year's earnings may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100