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Open Text's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Certain material factors or assumptions were applied in drawing a conclusion or while making a forecast or projection as reflected in the forward-looking information. Additional information about the material factors or assumptions that could cause actual results to differ materially from the conclusion, forecast or projection in the forward-looking information, and the material factors or assumptions that were applied in drawing a conclusion while making a forecast or projection as reflected in the forward-looking information, are contained in Form 10-Ks and Form 10-Qs of Open Text, as well as in our press release that was issued earlier today.

Before we begin, I'd like to announce that Open Text will be hosting an Analyst Day at our Content World Conference in Orlando, Florida on Wednesday, November 16. The Analyst Agenda will feature product demonstrations, as well as executive presentations with an overview of sales and operations or product roadmap, as well as profiling other strategic areas of the business. As of previous analyst days, the program will be integrated with the conference itself. And the participating analysts will have full freedom to interact with the conference attendees and customers on site. More details are available on our website or by contacting our Investor Relations Group.

And with that, I'll turn the call over to Paul.

Paul J. McFeeters

Thank you, Greg. Turning to the financial results, I will highlight our first quarter fiscal year 2012. Total revenue for the quarter was $288 million, up 32% compared to $217 million for the same period last year. License revenue for the quarter was $65 million, up 53% compared to $43 million reported for the same period last year.

Maintenance revenue for the quarter was $162 million, up 25% compared to $130 million in the previous year. Services and other revenue in the quarter was $61 million, up 36% compared to $45 million in the same period last year.

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