Operator: Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Open Text Corporation Fourth Quarter and Fiscal Year 2011 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. I would like to remind everyone that this conference call is being recorded today, Wednesday August 10, 2011.
I'll now like to turn the conference over to Mr. Greg Secord, Vice President, Investor Relations. Please go ahead.
Greg Secord - VP, IR: Good afternoon, and thank you for joining us. Please note that during the course of the conference call, we may make projections or other forward-looking statements relating to the future performance of Open Text store subsidiaries. These all statements may contain forward-looking information and actual results could differ materially from a conclusion, forecast or projection in the forward-looking information.
Certain material factors or assumptions were applied in drawing a conclusion or while making a forecast or projection as reflected in the forward-looking information. Additional information about material factors or assumptions that could cause actual results to differ materially from a conclusion, forecast or projection in the forward-looking information and the material factors or assumptions that were applied in drawing a conclusion while making a forecast or projection as reflected in the forward-looking information are contained in Form 10-K and Form 10-Qs of Open Text as well as in our press release that was issued earlier today.
With that, I'll turn the call over to Paul.
Paul McFeeters - CFO: Thank you, Greg. Turning to the financial results, I will highlight our fourth quarter and then the fiscal year 2011. Total revenue for the quarter was $285 million, up 19% compared to $240 million for the same period last year. License revenue for the quarter was $80 million, up 15% compared to $69 million reported for the same period last year.
Maintenance revenue for the quarter was $151 million, up 17% compared to $129 million in the previous year. Services and other revenues in the quarter were $55 million, up 31% compared to $42 million in same period last year.
Gross margin for the fourth quarter before amortization of acquired technology was 73.2% compared to 74.9% in the fourth quarter last year. Services margins were lower in the current quarter due to supporting customers from our recent acquisitions to achieve previous commitments and delivery of service, were lower than our normal rates. This negatively affected overall gross margin by 1%.
The pre-tax adjusted operating margin before interest expense was $74 million this quarter compared to $77 million in Q4 last year. Adjusted net income increased 12% to $52 million this quarter from $55 million in the fourth quarter last year.
Fourth quarter adjusted earnings per share was $1.05 on a diluted basis, up 11% from $0.95 per share for the same period a year ago. The sequential effect of foreign currency movement on adjusted earnings per share for Q4 was a positive $0.02.