Micro Focus Earnings: Still Integrating HPE Software Business


The UK’s Micro Focus has reported mixed interim first half results, with revenues down 5.3 percent on H1 2018, but operating profit up 2.5 percent to $32.6 million.

The Newbury, Berkshire-based software and IT management services firm described the earnings for the six months to end-April as in line with management expectations.

The company has made a strong recovery this year, recovering much of the stock market losses it sustained after it warned markets in July 2018 that its integration of HPE’s software business, bought in 2017 for $8.8 billion, was a year behind schedule.

Integration work

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