Tuesday, Open Text Corp. (OTEX, OTC.TO) reported first-quarter net income of US$1.7 million or US$0.03 per share, compared to US$14.7 million or US$0.28 per share in the same quarter last year.
On an adjusted basis, net income was US$32.8 million or US$0.58 per share, up from US$28.2 million or US$0.53 per share in the year ago quarter.
On average, 14 analysts polled by Thomson Reuters expected the company to earn US$0.58 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was US$211.4 million, up 16% from US$182.6 million in the comparable quarter last year. Analysts expected the company to report revenue of US$209.94 million for the quarter.
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