Micro Focus's earnings to be near top end
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.
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
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published