April 28, 2015 / 10:29 PM / 2 years ago

BUZZ-Open Text Corp: Weaker-than-expected Q3 profit, revenue

1 Min Read

** Canadian business software maker's U.S.-listed shares down 9.7 pct at $50 after market

** Company reports lower-than-expected Q3 profit and revenue, hurt by stronger dollar

** Open Text posts Q3 revenue of $447.6 mln and profit of 66 cents per share; analysts on average expected revenue of $477.2 mln and earnings of 89 cents per share

** Foreign exchange fluctuations hurt Q3 revenue by $30 mln and adjusted profit by 7 cents per share, company says on call

** Up to Tuesday's close, stock had risen more than 13 pct in past 12 months

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