Short Take: Open Text narrows losses

Open Text, an intranet application software, tools, and services provider, posted a fourth-quarter net loss of $2.3 million, or 14 cents a share; it lost $5.6 million, or 35 cents, in the year-ago quarter. Revenues grew to $7.3 million, up 95 percent from the previous year.

Aug. 26, 1997 4:30 p.m. PT

, an intranet application software, tools, and services provider, posted a fourth-quarter net loss of $2.3 million, or 14 cents a share; it lost $5.6 million, or 35 cents, in the year-ago quarter. Revenues grew to $7.3 million, up 95 percent from the previous year.