Open Text Corporation Posts Record Revenue and Profits for Third-Quarter Fiscal 2001; $0.28 Earnings Per Share On 38% Growth in Revenues.

Business Wire (April 26, 2001)


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Open Text Corporation Posts Record Revenue and Profits for Third-Quarter Fiscal 2001; $0.28 Earnings Per Share On 38% Growth in Revenues.

Business Editors

WATERLOO, Ontario--(BUSINESS WIRE)--April 26, 2001

Open Text(TM) Corporation (Nasdaq:OTEX)(TSE:OTC.TO), a worldwide leader of collaborative commerce software for e-business, today announced record results for its third quarter of fiscal 2001 ending March 31, 2001.(1)

Total revenues for the quarter increased to $39.3 million, up from $28.5 million, an increase of 38% from the prior year. Open Text reported adjusted net income (2) for the third quarter of $6.0 million, or $0.28 per diluted share, up from a loss of $0.01 in the previous year, an increase of ...



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