Q4 GAAP EPS $0.89, vs Street view $0.86

(In U.S. dollars unless noted)

TORONTO (Reuters) - Open Text's quarterly
profit rose sharply on strong revenue growth and cost controls,
the Canadian business software firm said on Wednesday.

Net income rose to $51.5 million in the fourth quarter,
ended June 30, from $19.5 million a year earlier. That equated
to earnings per share of 89 cents, compared with analyst
forecasts for 86 cents, according to Thomson Reuters I/B/E/S.

Revenue climbed 18 percent to $240 million from $203.4
million, with licenses bringing in $68.5 million of that.

The Waterloo, Ontario-based company has the second largest
share of the market for enterprise content management after IBM
, and partners with tech infrastructure vendors
SAP , Microsoft and Oracle.

Open Text shares closed up 36 Canadian cents at C$38.41 in
Toronto on Wednesday, but were well off their year high of
C$51.92. The results were released after markets closed.

RBC Capital Markets downgraded the stock to "neutral" from
"outperform" earlier on Wednesday, citing increased competition
and broader economic uncertainty.

($1=$1.03 Canadian)
(Reporting by Alastair Sharp; editing by Rob Wilson)