Open Text (OTEX +12%) rallies strongly after reporting FQ1 revenue of $288M (+32.5% Y/Y) and EPS...

|About: Open Text Corporation (OTEX)|By:, SA News Editor

Open Text (OTEX +12%) rallies strongly after reporting FQ1 revenue of $288M (+32.5% Y/Y) and EPS of $1.01, beating consensus by $6.9M and $0.08. License sales, which helps drive the customer support and service sales that make up over 3/4 of Open Text's revenue, grew 52.5% Y/Y. (transcript)