Open Text profit falls 12 pct; sets 2-for-1 stock split

Thursday, 23 Jan 2014 | 4:15 PM ET

Jan 23 (Reuters) - Canadian business software maker Open Text Corp reported a 12 percent fall in quarterly profit and announced a two-for-one stock split.

Profit fell to $53.5 million, or 90 cents per share, in the second quarter, from $61.1 million, or $1.04 per share, a year earlier.

Revenue rose 3 percent to $363.5 million.

Revenue from the high-margin license business rose to $81.2 million from $76.1 million.

The Waterloo, Ontario-based company, whose customers include Microsoft Corp and Oracle Corp, makes software that helps companies manage documents and workflows.

(Reporting By Sneha Banerjee in Bangalore; Editing by Maju Samuel)

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