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Open Text reports surge in second-quarter profit
Business software firm Open Text Corp (OTC.TO: Quote, Profile, Research)(OTEX.O: Quote, Profile, Research) reported a higher second-quarter profit on Thursday as increased license, support and service revenues lifted results.

Open Text said it earned $10.68 million, or 20 cents a share, for the three months ended Dec. 31. That was up from a profit of $2.27 million, or 4 cents a share, in the same period a year earlier. The key adjusted profit figure hit 50 cents a share, up from 35 cents a share a year before.

Revenue hit $182.5 million, up 11.8 percent from $163.2 million.

Analysts had expected Open Text, which provides enterprise content management software, to earn 48 cents a share before one-time items, on revenue of $174 million.
http://www.reuters.com/article/marketsNews/idUSN0720915820080207