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Open Text: Fiscal 1Q Earnings Snapshot

·1 min read

WATERLOO, Ontario (AP) _ Open Text Corp. (OTEX) on Thursday reported fiscal first-quarter profit of $103.4 million.

The Waterloo, Ontario-based company said it had profit of 38 cents per share. Earnings, adjusted for one-time gains and costs, were 89 cents per share.

The software provider posted revenue of $804 million in the period.

Open Text shares have fallen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $39.20, a fall of slightly more than 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OTEX at https://www.zacks.com/ap/OTEX