The Open Text building in Waterloo, Ont. is photographed in 2006.Kevin Van Paassen/The Globe and Mail
Business software company Open Text Corp. reported a fourth-quarter profit of $8-million (U.S.), down from $28.6-million a year ago.
The company said Thursday the profit amounted to 14 cents per diluted share compared with a profit of 49 cents per diluted share a year ago.
Revenue totalled $305.6-million, up from $285.5-million.
For the company's full financial year, Open Text reported a profit of $125.2-million or $2.13-per diluted share on $1.2-billion in revenue.
That compared with a profit of $123.2-million or $2.11-per diluted share on $1.03-billion in revenue in the prior year.
In May, Open Text signed a deal to buy U.S. company EasyLink Services International Corp. in a deal worth about $310-million, including debt.
Open Text sells software used by companies to manage their electronic documents.
Shares in the company were up 18 cents at $49.06 (Canadian) on the Toronto Stock Exchange on Thursday.