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
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
-
Parental contributions to kids' university living costs could reach £14,000 a year
Parents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
By Oojal Dhanjal Published
-
Rightmove: property asking prices hit record high
News Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
By Marc Shoffman Published