Legacy software specialist Micro Focus International had mixed news for the market on the revenue front but half year earnings have been better than market forecasts.
Revenues in the six months to the end of October were in line with market expectations and previous guidance issued by the group while adjusted earnings before interest, tax, depreciation and amortisation were ahead of market expectations.
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Net debt at the end of October was down to $96.2m from $113.2m but the group reminded shareholders it is about to return $129.3m (50p per share) to them on November 12th.
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