09:47 AM EST - Open Text Corp. : reported a higher profit for the fourth quarter, helped mainly by higher revenues. Net income for the quarter advanced to $51.51 million U.S. or $0.89 U.S. per share from to $19.48 million U.S. or $0.36 U.S. per share last year. Adjusted net income rose to $54.9 million U.S. or $0.95 U.S. per share from $39.2 million U.S. or $0.73 U.S. per share last year. Total revenues increased 18% to $240.03 million U.S. from $203.36 million U.S. in the comparable period a year ago. Open Text Corp.
shares T.OTC are trading up $5.77 at $44.18.
