Business software firm Micro Focus International said earnings for the financial year just ended will be near the top end of the range of forecasts from investment analysts who follow the company.
Revenues for the year ended April 30th 2012 are set to be on a par with current market consensus, while adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) will be towards the upper end of the range of analysts' expectations.
In February the company said it expected to generate revenue and EBITDA of around $219m and $89m, respectively.
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 group's net debt position at April 30th 2012 was $115.6m (January 31st: $156m), which the firm said was the result of good operational cash generation during the period.
NR
-
Thousands of Neil Woodford investors sue Hargreaves LansdownMore than 5,000 people who invested in Woodford's collapsed equity income product are taking Hargreaves Lansdown to court
-
Is now a good time to invest in gold?In the current market conditions, is gold a good investment? We explore the reasons why now might be a good time to put some money into gold.
