Micro Focus expects stable performance in second half
Micro Focus International, the FTSE 250 business software firm, has said that trading in the three months ended January 31st was in line with management expectations.
Micro Focus International, the FTSE 250 business software firm, has said that trading in the three months ended January 31st was in line with management expectations.
The group's net debt position at the end of the period was $156m (October 31st 2011: $47.6m), reflecting further good operational cash generation during the quarter.
The company's expectations for the six months to April 30th (the company's fiscal second half) are that there will be a similar revenue and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) performance to that achieved in the first half of the financial year, at around $219m and $89m, respectively.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap