April 29, 2010 / 8:37 PM / in 8 years

UPDATE 1-Open Text Q3 results trail estimates

* Q3 adjusted EPS $0.70 vs est $0.74

* Q3 revenue $212.8 mln vs est $232.9 mln

April 29 (Reuters) - Canadian business software maker Open Text Corp OTC.TO OTEX.O posted quarterly earnings that missed estimates, hurt by higher costs.

For the third quarter ended March 31, net earnings fell to $13.1 million, or 23 cents a share, from $22 million, or 41 cents a share a year ago.

Adjusted profit was higher at $40.3 million, or 70 cents a share, from $31.4 million, or 59 cents a share.

Revenue was up 11 percent at $212.8 million.

Analysts on average were expecting earnings of 74 cents per share on revenue of $232.9 million, according to Thomson Reuters I/B/E/S.

Total costs of revenue increased 11 percent to $70.9 million.

Open Text shares closed at $47.03 on Nasdaq and at C$47.30 on the Toronto Stock Exchange Thursday. (Reporting by Arnika Thakur in Bangalore; Editing by Don Sebastian)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below