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OpenText Q4 and 2009 results

by Naresh Sarwan on August 26, 2009

OpenText today announced unaudited financial results for its fourth quarter and fiscal year ended June 30, 2009.

Total revenue for the fourth quarter was $203.4 million, up 2% compared to $200.3 million for the same period in the prior fiscal year. License revenue in the fourth quarter was $63.0 million, down 8% compared to $68.2 million in the fourth quarter of the prior fiscal year.

Adjusted net income in the quarter was $39.2 million or $0.73 per share on a diluted basis, up 18% compared to $33.3 million or $0.63 per share on a diluted basis for the same period in the prior fiscal year. Net income in accordance with U.S. generally accepted accounting principles (“US GAAP”) was $19.5 million or $0.36 per share on a diluted basis, compared to $27.3 million or $0.51 per share on a diluted basis for the same period in the prior fiscal year.

Total revenue for fiscal year 2009 was $785.7 million, up 8% compared to $725.5 million for the previous fiscal year. License revenue for fiscal year 2009 was $229.8 million, up 5% compared to $219.1 million in the previous fiscal year.

More information is available on the OpenText site.

Many commentators have also been speculating about what will happen to the numerous businesses acquired by OpenText during the last few years.  However, the results are above the consensus even though a 28% drop in profits has been reported.

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