20th Nov 2019 09:25
(Alliance News) - Micro Focus International PLC said Wednesday it expects to report annual profit and revenue in line with market consensus.
For the year ended October 31, the FTSE 250 enterprise software developer sees adjusted earnings before interest, taxes, depreciation and amortisation in line with company-compiled consensus.
This consensus, gathered from 12 analysts, forecasts adjusted Ebitda for the year to be around USD1.37 billion, a 2.8% drop from USD1.41 billion the year before.
Meanwhile, constant currency revenue is set to be in line with the group's revised guidance at the end of August, which is for a 6% to 8% fall from USD3.68 billion.
Company-compiled consensus expects revenue to come in at around USD3.37 billion, an 8.4% fall.
As at October 31, Micro Focus sees net debt at USD4.3 billion, at a leverage multiple of 3.2 times adjusted Ebitda for the year, following the completion of a share buyback programme and a one-off tax payment related to the disposal of its SUSE Open-Source Enterprise Software business.
Micro Focus will publish full year results on February 4, 2020.
Shares in Micro Focus - which is headquartered in Newbury - were up 0.5% at 1,046.40 pence on Wednesday in London.
By Dayo Laniyan; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
Related Shares:
MCRO.L