BUZZ-OpenText Corp: Brokerages raise price targets as revenue beats

Thu Jul 31, 2014 11:32am EDT
 
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** Canadian business software maker's U.S.-listed shares up 15 pct at $55.87, after touching new record high of $56.82

** Stock among day's top percentage gainers

** Q4 revenue jumps better-than-expected 42 pct

** Revenue from high-margin license business up 27 pct to $99.7 mln

** Cloud services revenue more than tripled to $149.9 mln

** Four brokerages raise price targets

** Stock's intra-day jump biggest in 32 months

** More than 1.4 million shares changed hands by 11.32 a.m. ET, six times their 10-day average volume