Open Text (Nasdaq: OTEX) reported earnings on Feb. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Open Text beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.

Gross margins dropped, operating margins shrank, net margins grew.

Revenue details
Open Text tallied revenue of $321.5 million. The 19 analysts polled by S&P Capital IQ hoped for sales of $312.0 million. Sales were 20% higher than the prior-year quarter's $267.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $1.39. The 19 earnings estimates compiled by S&P Capital IQ predicted $1.22 per share on the same basis. GAAP EPS of $0.81 for Q2 were 27% higher than the prior-year quarter's $0.64 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 73.7%, 80 basis points worse than the prior-year quarter. Operating margin was 18.8%, 220 basis points worse than the prior-year quarter. Net margin was 14.8%, 90 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $303.1 million. On the bottom line, the average EPS estimate is $1.16.

Next year's average estimate for revenue is $1.22 billion. The average EPS estimate is $4.67.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 177 members out of 198 rating the stock outperform, and 21 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Open Text a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Open Text is outperform, with an average price target of $71.76.

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