The Waterloo-based software firm reported earnings per share of US$0.84, beating the US$0.78 consensus estimate. OpenText also announced it will take a restructuring charge of up to US$34 million as it integrates Carbonite into its existing operations. (The Logic)

Talking point: OpenText has had a good 12 months. Its stock is trading at US$45.05 this afternoon, compared with US$37.24 a year ago. Most of that growth comes from large clients—OpenText is targeting 80 per cent of the world’s 10,000 biggest firms by 2022. However, Carbonite, which has 300,000 small- and medium-sized clients, provides OpenText with a foothold in that sector. “With the addition of Carbonite, we have a strategic market-opportunity to bring Information Management (IM) to all sizes of customers,” said CEO Mark Barrenechea. The firm’s financials were generally strong, with revenue of US$771.6 million, compared to US$735.2 million a year ago. Nonetheless, the company’s stock dropped 2.89 per cent in late afternoon trading.