(Reuters) - Business software maker Open Text Corp
The Canadian supplier of software to help companies manage documents and workflows said quarterly revenue from customers paying license fees rose 1 percent.
"(The) market was looking for 5 to 10 percent growth," said Thanos Moschopoulos, an analyst with BMO Capital Markets U.S.
Open Text's fourth-quarter adjusted profit scraped past analysts' estimates of $1.42 per share, according to Thomson Reuters I/B/E/S. Excluding one-time items, the company earned $1.43 per share.
Fourth-quarter revenue rose about 14 percent to $347.3 million.
Analysts on average had forecast revenue of $360.8 million.
Profit rose to $42.2 million, or 71 cents per share, in the fourth quarter from $8 million, or 14 cents per share, a year earlier, helped by demand for the company's growing cloud computing business.
Waterloo, Ontario-based Open Text bought cloud computing software maker EasyLink for $232 million in July 2012.
Profit in the year-ago quarter was hit by a $20.7 million provision for income tax.
The company's shares closed at C$72.59 on the Toronto Stock Exchange on Wednesday.
(Reporting By Garima Goel in Bangalore; Editing by Robin Paxton)
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