UPDATE 1-Open Text results beat expectations, stock rises

(Adds details, comments, share price. In U.S. dollars unless noted)

TORONTO, Feb 8 (Reuters) - Business software maker Open Text Corp. (OTC.TO) (OTEX.O) reported a second-quarter profit on Thursday that handily beat analyst expectations, but said its bottom line slipped as a result of restructuring charges related to its $489 million purchase of rival Hummingbird Ltd.

Open Text said it earned $2.3 million, or 4 cents a share, in the three months ended Dec. 31. That was down from a profit of $2.7 million, or 5 cents per share, in the same period a year earlier.

While the net profit fell, adjusted income was $18 million, or 35 cents per share, in the quarter, up from $15.4 million, or 31 cents a share, in the second quarter of last year.

That beat analyst expectations of 27 cents a share before exceptional items, according to Reuters Estimates.

Open Text also beat revenue expectations, delivering $163.3 million, compared with the $159.1 million expected by analysts.

The results sent Open Text shares to $21.25 in after-hours trade, up 8.8 percent from their regular-session close of $19.54 on Nasdaq.

"We achieved our profit targets and generated strong cash flow from operations this quarter," chief executive John Shackleton said in a statement. "We are pleased with how the Hummingbird integration is progressing and we are on track to meet our operating goals."

Open Text said it has cut its work force by 15 percent -- or about 525 people -- as a result of the Hummingbird merger and has thus far closed or consolidated 19 facilities. Its plan is to reduce the total by 40.