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.

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.

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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.

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