Microfocus results "above analyst expectations"
Micro Focus, the Newbury based software testing company, says revenues will be down slightly in the six months to the end of October although the firm will beat analysts' expectations for the period.
Micro Focus, the Newbury based software testing company, says revenues will be down slightly in the six months to the end of October although the firm will beat analysts' expectations for the period.
Micro Focus expects favourable exchange rate movements to improve the revenue comparisons with 2010.
Observers will note that the earnings before interest, tax depreciation and amortisation (EBITDA) is expected to come in at 40%, Microfocus says this reflects restructuring activity and forex movements.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
The company also claims a strong cash position despite having bought its headquarters in Newbury for $15m, buying back shares for $62m and paying $31m as a final dividend.
The full interim results will be published on the 7th of December.
BS
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
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published