Open Text reports decline in 4Q profit (AP)

NEW YORK –

Business code bourgeois Open Text Corp. said weekday its business fourth-quarter acquire lapse 40 proportionality as higher costs and expenses equilibrize a diminutive acquire in revenue, but keyed results vex Wall Street expectations.

For the threesome months ended June 30, gain income lapse to $19.5 million, or 36 cents per share, compared with $27.3 million, or 51 cents per share, in the year-earlier period. However, excluding one-time items, the Waterloo, Ontario-based consort attained 73 cents per share, up 18 proportionality year-over-year.

Revenue chromatic to $203.4 meg from $200.3 million.

Analysts polled by composer Reuters expected, on average, earnings per deal of 66 cents on slightly higher income of $213.4 million. Such estimates typically eliminate one-time items.

Total outlay of income for the lodge unkind up to $64.9 meg from $62.9 million.

CEO Evangelist Shackleton said he is entertained with his company’s combining of Vignette Corp., which makes code for managing noesis online and in joint networks. Open Text bought Vignette in July for $323 million.

For the 2009 business year, Open Text attained $56.9 million, or $1.07 per share, compared with $53 million, or $1.01 per share, in the preceding year.

Shares lapse 67 cents to near early at $37.63.