Driven by strong sales of software licenses,
reversed a year-ago loss and grew total revenue by 9% in the first fiscal quarter.
The business software vendor posted a profit of $7.3 million, or 15 cents a share, compared with a loss of $12.9 million, or 27 cents a share in the same quarter last year.
Total revenue increased to $101.2 million, and license revenue increased by nearly 16% to $28.8 million.
Excluding items, Open Text posted a profit of $12.2 million, or 24 cents a share, up sharply from $6.3 million, or 13 cents a share, in the year-ago quarter
Analysts polled by Thomson First Call were looking for an EPS of 24 cents on revenue of $98.8 million.
Open Text sells content management software, a category that has drawn increasing interest from larger technology companies.
announced the acquisition
, an Open Text rival, last week, in a transaction valued at $440 million, or $13.50 a share.
Open Text itself bought rival
for $489 million earlier this year, and storage giant
in late 2003 for $1.7 billion.
Open Text has been viewed as a takeover candidate, although the Stellent deal may have made that less likely.
Shares of Open Text dropped 13 cents in recent after-hours trade to $18.