19th May 2014 09:50
LONDON (Alliance News) - Micro Focus International PLC Monday said it expects to report revenue growth at constant currencies at the upper end of its 3% to 6% guidance range for its last financial year, while its adjusted earnings before interest, tax, depreciation and amortisation will be in line with market expectations.
The software company, which expects to report full results for the fiscal year to April 30 on June 19, said net debt stood at USD261.0 million at the end of that year, which it said demonstrated further good cash generation.
The company's adjusted figures exclude exceptional items and amortisation.
Micro Focus reported revenue of USD414.0 million in fiscal 2013, down from USD424.2 million in fiscal 2012. Adjusted Ebitda rose to USD188.1 million, from USD176.6 million, at constant currencies.
Its shares were up 3% at 801.32 pence Monday morning, one of the biggest gains on the FTSE 250.
By Steve McGrath; [email protected]; @SteveMcGrath1
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