22nd Feb 2012 07:00
22 February 2012
Micro Focus International plc
Interim Management Statement for the period from 31 October 2011
Micro Focus International plc ("Micro Focus" or "the Group", LSE: MCRO.L) provides its Interim Management Statement for the period from 31 October 2011 to the date of this statement. Interim Results for the six months ended 31 October 2011 were announced on 7 December 2011.
Trading update
Trading in the three months to 31 January 2012 was in line with management expectations.
Net Debt Position
Following the Return of Value to shareholders of 45 pence per share totalling US$130m together with the Interim Dividend of 5.26 pence per share at a cost of US$15m, the Group's net debt position at 31 January 2012 was US$156m (31 October 2011: US$47.6m) demonstrating further good operational cash generation during the period.
Outlook
Management's expectations for the six months to 30 April 2012 remain that there will be a similar revenue and Adjusted EBITDA performance to that achieved in the first half of the financial year.
Enquiries:
Micro Focus | Tel: +44 (0)1635 32646 |
Kevin Loosemore, Executive Chairman | |
Mike Phillips, Chief Financial Officer | |
Tim Brill, IR Director | |
FTI Consulting | Tel: +44 (0)20 7831 3113 |
Charles Palmer | |
Clare Thomas |
Notes to editors:
About Micro Focus:
Micro Focus, a member of the FTSE 250, provides innovative software that allows companies to dramatically improve the business value of their enterprise applications. Micro Focus Enterprise Application Modernization, Management and Testing software enables customers' business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. For additional information please visit www.microfocus.com
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