Recap: Open Text Q2 Earnings

Open Text (NASDAQ:OTEX) reported its Q2 earnings results on Thursday, February 1, 2024 at 04:01 PM.

Here's what investors need to know about the announcement.

Open Text beat estimated earnings by 4.2%, reporting an EPS of $1.24 versus an estimate of $1.19.

Revenue was up $637.56 million from the same period last year.

Last quarter the company beat on EPS by $0.11 which was followed by a 5.34% increase in the share price the next day.

Here's a look at Open Text's past performance:

Quarter	Q1 2024	Q4 2023	Q3 2023	Q2 2023
EPS Estimate	0.90	0.94	0.47	1.04
EPS Actual	1.01	0.91	0.73	0.89
Revenue Estimate	1.40B	1.51B	1.18B	1.16B
Revenue Actual	1.43B	1.49B	1.25B	897.44M

To track all earnings releases for Open Text visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.