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Micro Focus continues to expect moderation in revenue decline from continuing business in current year

The group said its guidance continues to be for a revenue decline of between 4% and 6% for its MFPP business in the year ended 31 October 2019, compared to a 7.1% drop in the year earlier

Micro Focus office
For the 12 months to 31 October 2018, Micro Focus reported that revenue fell to US$3.68bn

Micro Focus International PLC (LON:MCRO) has said it continues to expect a moderation in the decline of its revenue from its continuing business in the current year.

In a brief statement ahead of its annual general meeting today, the FTSE 100-listed enterprise software company said its guidance continues to be for a revenue decline of between 4% and 6% for its MFPP business in the year ended 31 October 2019, compared to a 7.1% drop the year earlier.

READ: Micro Focus jumps on share buyback extension as it moves on from disruptive HPE integration

For the 12 months to 31 October 2018, Micro Focus reported a fall in revenue to US$3.68bn.

The company said it will release its results for the six months to 30 April 2019 on July 9.

In early morning trading, Micro Focus shares were 0.6% lower at 1,977p.

 

 

Quick facts: Micro Focus International plc

Price: 308.3 GBX

LSE:MCRO
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Market Cap: £1.03 billion
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