16th May 2019 10:24
LONDON (Alliance News) - Micro Focus International PLC on Thursday reiterated its annual guidance, saying that it still expects a mid-single-digit decline in revenue.
The enterprise software and information technology firm said it expects to report interim results that are in line, on a constant currency basis, with management guidance.
In mid-February, Micro Focus said it expects its revenue for the 12 months to October 31 to decline by between 4% and 6% on a constant currency basis from USD3.68 billion reported for financial 2018. This means that the company is guiding to generate between USD3.46 billion and USD3.54 billion in revenue on a constant currency basis.
Market consensus sees Micro Focus reporting a 5.1% fall in full-year revenue to USD3.48 billion.
The FTSE 100 stock was trading 0.3% lower on Thursday at 1,823.80 pence a share.
Micro Focus said it will issue its results for the six months to the end of April on July 9.
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