6th Nov 2007 07:01
Micro Focus International plc06 November 2007 Embargoed for 7.00am, 6 November 2007 Pre-Close Trading Update Micro Focus International plc ("Micro Focus" or "the Group", LSE: MCRO.L)announces a positive update on trading for the half year to 31 October 2007. Following a successful end to the first half year, Micro Focus expects to reporttotal revenues of approximately US$107m (2007: US$79m). The Group EBITDA margin- excluding exceptional items and stock based compensation - for the six monthsto 31 October 2007, is expected to be consistent with management's existingguidance of approximately 38% (2007: 38%) Micro Focus continues to make positive progress in the core business and,encouragingly, North America showed strong momentum. In addition, theintegration of the two recent acquisitions has proceeded smoothly. Stephen Kelly, Chief Executive Officer of Micro Focus International plc,commented: "We have made good progress across the Group, in particular in our NorthAmerican operation. We remain firmly focused on sales execution. Entering thesecond half, management is confident it will exceed its previous guidance onrevenue growth and is now targeting year on year revenue growth for the twelvemonths to 30 April 2008 of approximately 24% (previous guidance approximately19%). Further details will be provided in the interim results statement for the halfyear to 31 October 2007 to be announced on 6 December 2007. Enquiries: Micro Focus Tel: +44 (0)1635 32646Stephen Kelly, Chief ExecutiveNick Bray, Chief Financial Officer Financial Dynamics Tel: +44 (0)20 7831 3113Harriet KeenHaya Chelhot Notes to editors: About Micro Focus Micro Focus, a member of the FTSE 250, provides innovative software that allowscompanies to dramatically improve the business value of their enterpriseapplications. Micro Focus Enterprise Application Modernization and Managementsoftware enables customers' business applications to respond rapidly to marketchanges and embrace modern architectures with reduced cost and risk. Foradditional information please visit www.microfocus.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MCRO.L