leadf
logo-loader
viewMicro Focus International plc

Micro Focus trading in line

The group continues to target a mid-term net debt to adjusted EBITDA (underlying earnings) ratio of 2.7 times.

SUSE mascot
Micro Focus completed the sale of its SUSE Linux software business in March

Legacy software specialist Micro Focus International PLC (LON:MCRO) traded in line with expectations in the six months to the end of April.

The group said the collection of what it calls “aged trade receivables” has continued in line with management expectations.

Management continues to guide to a constant currency revenue range in respect of its continuing operations, for the full year to 31 October 2019, of minus 4% to minus 6%, compared to the 12 months ended 31 October 2018.

Quick facts: Micro Focus International plc

Price: 258.5 GBX

LSE:MCRO
Market: LSE
Market Cap: £865.5 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Mandalay Resources latest drilling shows impressive results from Youle...

Mandalay Resources (TSE: MND-OTCQB: MNDJF) President and CEO Dominic Duffy joined Steve Darling from Proactive with news the company has seen some very strong numbers from the latest drill results on the Youle Deposit at their Costerfield Project. Duffy telling Proactive the numbers returned...

1 day, 1 hour ago

2 min read