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Open Text says first-quarter revenues grew 40 per cent as profits rose

2014-10-23 02:45:58| Oil & Gas - Topix.net

Open Text Corp. said Wednesday that first-quarter profits more than doubled as its corporate software business experienced particular strength in the services and technology industries, as well as the public sector. The Waterloo, Ont.,-based company, which reports in U.S. dollars, said that net income rose to US$64.7 million, or 53 cents per diluted share, compared with $30.6 million or 26 cents per share a year ago.

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