Open Text Corporation, the global provider of Enterprise Content Management, posted third quarter revenues of CA$288.0 million, up 32.5% compared to CA$217.4 million for the same period last year.
License revenue for the third quarter was CA$65.0 million, up 52.5% compared to CA$42.6 million for the same period last year. Adjusted net income was CA$59.0 million, up 18.0% compared to CA$50.0 million for the same period last year. GAAP net income was CA$35.0 million compared to CA$21.7 million for the same period last year. Open Texts cash balances as of September 30, 2011 were CA$119.3 million.
John Shackleton, CEO, Open Text, said: With strong sales globally and particular strength in emerging markets, I am pleased with our performance in the first quarter. As we address an even larger global market, we continue to win new business with the breadth of functionality in our integrated ECM Suite.
(JDC)