August 20, 2009 / 8:36 PM / 9 years ago

UPDATE 1-Open Text profit dips; says integrating Vignette

* EPS 36 cents vs 51 cents a year ago

* Says Vignette integration on track

* Revenue hits $203.4 million (In U.S. dollars unless noted)

TORONTO, Aug 20 (Reuters) - Business software maker Open Text OTC.TO (OTEX.O) posted a dip in quarterly profit on Thursday, even as revenue edged higher, and said its integration of web media firm Vignette was progressing as planned.

Open Text said it earned $19.5 million, or 36 cents a share, in the fourth quarter, ended June 30. That was down from a profit of $27.3 million, or 51 cents a share, a year earlier.

This quarter, the company booked $3 million in “other expense,” compared with “other income” of $11.3 million a year earlier.

Its closely watched adjusted profit hit 73 cents a share, up from 63 cents a share.

Revenue rose to $203.4 million from $200.3 million.

The company bought Vignette for about $321 million. The deal was first announced in May.

“We are pleased with how the acquisition is progressing and to date the integration is tracking to plan,” Chief Executive John Shackleton said in a statement.

Open Text released its results after the markets closed. During the day, its shares fell 45 Canadian cents to close at C$41.30 on the Toronto Stock Exchange.

$1=$1.09 Canadian Reporting by Wojtek Dabrowski; editing by Rob Wilson

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