Edition:
United Kingdom

Micro Focus International PLC (MCRO.L)

MCRO.L on London Stock Exchange

1,274.00GBp
20 Jul 2018
Change (% chg)

4.50 (+0.35%)
Prev Close
1,269.50
Open
1,275.50
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1,258.50
Volume
1,152,690
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52-wk High
2,749.00
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782.20

Latest Key Developments (Source: Significant Developments)

Micro Focus HY Adjusted EBITDA $710.5 Mln Vs $320.5 Mln Year Ago
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Micro Focus International PLC ::HALF YEAR OPERATING PROFIT 65 MILLION USD VERSUS 130.2 MILLION USD YEAR AGO.HALF YEAR ADJUSTED EBITDA 710.5 MILLION USD VERSUS 320.5 MILLION USD YEAR AGO.HALF YEAR REVENUE 1.974 BILLION USD.SECOND INTERIM DIVIDEND 0.5833 USDPER SHARE.MICRO FOCUS - RESOURCES REQUIRED TO STABILIZE, REMEDIATE FAST PLATFORM, DRIVING INCREASE IN EXCEPTIONAL COSTS, EXPECTED TO BE $960M VERSUS $750M PREVIOUSLY FLAGGED.REITERATE FULL YEAR CONSTANT CURRENCY REVENUE GUIDANCE OF MINUS 6% TO MINUS 9% FOR 12 MONTHS ENDED 31 OCTOBER 2018.MICRO FOCUS - COST MANAGEMENT PROGRAMS PROGRESSING WELL WITH GROUP TARGETING FURTHER $300M OF ANNUALIZED COST SAVINGS BY END OF FY20.MICRO FOCUS - DUE TO INITIAL CHALLENGES IN INTEGRATION OF HPE SOFTWARE ASSETS, BELIEVE CO IS RUNNING ABOUT 1 YEAR BEHIND ORIGINAL PLAN.MICRO FOCUS - EXPECT ON EXITING CURRENT FINANCIAL YEAR REVENUES WILL BE SUBSTANTIALLY LOWER THAN ANTICIPATED AT TIME OF HPE SOFTWARE ASSETS TRANSACTION.  Full Article

Utimaco Plans to Buy Atalla Hsm, Eskm Business Lines From Micro Focus
Friday, 18 May 2018 

May 18 (Reuters) - UTIMACO::ANNOUNCED INTENT TO ACQUIRE ATALLA HSM AND ESKM BUSINESS LINES FROM MICRO FOCUS.DEAL IS PENDING COMPLETION DUE TO REQUIRED CUSTOMARY REGULATORY APPROVALS AND IS EXPECTED TO CLOSE FALL 2018.  Full Article

Elliott Capital Discloses 5.10 Pct Stake In Micro Focus - Filing
Monday, 23 Apr 2018 

April 23 (Reuters) - Micro Focus International PLC::ELLIOTT CAPITAL ADVISORS L.P. DISCLOSES 5.10% STAKE IN MICRO FOCUS INTERNATIONAL PLC.  Full Article

Micro Focus says CFO Mike Phillips to become director of M&A​
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Micro Focus International ::‍MIKE PHILLIPS, CURRENTLY CFO, WILL BE MOVING TO NEW ROLE OF DIRECTOR OF M&A​.‍APPOINTMENTS OF CHRIS KENNEDY AS CFO AND IAN FRASER AS CHIEF HUMAN RESOURCES OFFICER​.  Full Article

Micro Focus Inlt H1 revenue rises 80 pct after HPE deal
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Micro Focus International Plc ::‍​.‍REPORTED REVENUES IN SIX MONTHS TO 31 OCTOBER 2017 WERE $1,234.5M, $549.8M (80.3%) HIGHER THAN PRIOR PERIOD REPORTED REVENUES ($684.7M), WITH HPE SOFTWARE CONTRIBUTING $569.8M AND $664.7M COMING FROM EXISTING MICRO FOCUS AND SUSE PRODUCT PORTFOLIOS​.HALF YEAR REVENUE ROSE 80.7 PERCENT TO 1.235 BILLION USD.HALF YEAR PRETAX PROFIT 145.7 MILLION USD.HALF YEAR OPERATING PROFIT 220 MILLION USD.INTERIM DIVIDEND UP 16.4 PERCENT TO 0.346 USDPER SHARE.‍ON A CCY BASIS EXISTING MICRO FOCUS DECLINED BY 2.7% (2016: CCY $683.0M)​.‍PROFIT FOR PERIOD INCREASED BY $16.0M TO $106.6M (2016: $90.6M)​.‍WE ANTICIPATE REVENUES FOR GROUP FOR TWELVE MONTHS ENDING 31 OCTOBER 2018 WILL DECLINE BY 2% TO 4% WHEN COMPARED TO PRO-FORMA REVENUES FOR 12 MONTHS ENDED 31 OCTOBER 2017 OF $4,226.7M​.  Full Article

Micro Focus says trading YTD consistent with previous guidance
Thursday, 22 Sep 2016 

Micro Focus International Plc :Trading in current financial year to date has been consistent with previous management guidance.  Full Article

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