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    MCRO   GB00BJ1F4N75

MICRO FOCUS INTERNATIONAL PLC

(MCRO)
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Micro Focus reports revenue dip as it continues single platform shift

11/19/2021 | 01:21am EST

ENTERPRISE software group Micro Focus reported a revenue of $2.9bn (£2.1bn), a decline of five per cent, but said it "remains on track" to achieve its stated goal of revenue stabilisation towards the end of the 2023 trading year.

The company said it expects to report a weak adjusted EBITDA margin in its fiscal year 2021: about 36 per cent, lower than last year's 39 per cent.

The expected weakness reflects the revenue decline, targeted investments and the impact of the transition to the single enterprisewide platform.

The Group has been operating on one single IT platform since July and has now successfully closed two quarters on the new platform.

SaaS and other recurring revenue continued to moderate and is expected to decline four per cent.

However, Stephen Murdoch, chief executive, said: "We continue to deliver on our strategic objectives and the pace of change in our business is accelerating."

Shares in Micro Focus were down 1.87 per cent at the close yesterday.

(c) 2021 City A.M., source Newspaper

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Financials (USD)
Sales 2021 2 886 M - -
Net income 2021 -277 M - -
Net Debt 2021 4 111 M - -
P/E ratio 2021 -5,76x
Yield 2021 4,56%
Capitalization 1 953 M 1 960 M -
EV / Sales 2021 2,10x
EV / Sales 2022 2,07x
Nbr of Employees 11 600
Free-Float 99,4%
Chart MICRO FOCUS INTERNATIONAL PLC
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Technical analysis trends MICRO FOCUS INTERNATIONAL PLC
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 5,82 $
Average target price 9,14 $
Spread / Average Target 57,2%
EPS Revisions
Managers and Directors
Stephen Edward Murdoch Chief Executive Officer & Director
Matthew Ashley Chief Financial Officer & Executive Director
Gregory Lock Non-Executive Chairman
Paul Rodgers Chief Operating Officer
Jane Smithard Chief Legal Officer & Group General Counsel
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