09:58 AM EST - Open Text Corp. : reported first-quarter net income of $1.7 million U.S. or $0.03 U.S. per share, compared to $14.7 million U.S. or $0.28 U.S. per share in the same quarter last year. On an adjusted basis, net income was $32.8 million U.S. or $0.58 U.S. per share, up from $28.2 million U.S. or $0.53 U.S. per share in the year-ago quarter. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.58 U.S. per share for the quarter. Analysts' estimates typically exclude special items. Total revenue for the quarter was $211.4 million U.S., up 16% from $182.6 million U.S. in the comparable quarter last year. Analysts expected the company to report revenue of $209.94 million U.S. for the quarter. Open Text Corp.
shares T.OTC are trading down $1.40 at $41.10.
