OpenText Corp. sees earnings, revenues rise to kickstart financial year
BNN Bloomberg
OpenText Corp. says it earned US$80.9 million in the first quarter of its financil year, up from a loss of US$116.9 million a year earlier.
Revenues for the Waterloo, Ont.-based company were US$1.4 billion, up from US$852 million during the first quarter last year.
Diluted earnings per share were 30 cents US, up from a loss of 43 cents US last year.
Cloud revenues grew 11.5 per cent year over year to US$451 million.
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