Advertisement
Canada markets open in 8 hours 1 minute
  • S&P/TSX

    22,290.62
    +31.15 (+0.14%)
     
  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     
  • DOW

    38,884.26
    +31.99 (+0.08%)
     
  • CAD/USD

    0.7271
    -0.0016 (-0.22%)
     
  • CRUDE OIL

    77.97
    -0.41 (-0.52%)
     
  • Bitcoin CAD

    86,138.91
    -1,055.01 (-1.21%)
     
  • CMC Crypto 200

    1,294.99
    -70.14 (-5.14%)
     
  • GOLD FUTURES

    2,327.40
    +3.20 (+0.14%)
     
  • RUSSELL 2000

    2,064.65
    +3.97 (+0.19%)
     
  • 10-Yr Bond

    4.4630
    -0.0260 (-0.58%)
     
  • NASDAQ futures

    18,183.75
    -15.75 (-0.09%)
     
  • VOLATILITY

    13.23
    -0.26 (-1.93%)
     
  • FTSE

    8,313.67
    +100.18 (+1.22%)
     
  • NIKKEI 225

    38,255.03
    -580.07 (-1.49%)
     
  • CAD/EUR

    0.6767
    -0.0004 (-0.06%)
     

Open Text profit rises 39 percent on strong cloud services business

(Reuters) - Canadian business-software maker Open Text Corp reported a 39 percent rise in quarterly profit, helped by a more than threefold jump in revenue in its rapidly growing cloud services business. Net income attributable to the company rose to $74.3 million, or 60 cents per share in the second quarter ended Dec. 31, from $53.5 million, or 45 cents per share, a year earlier. The Waterloo, Ontario-based company's revenue rose about 29 percent to $467.8 million. (Reporting By Shubhankar Chakravorty in Bengaluru; Editing by Savio D'Souza)