Micro Focus downgrades 2018 revenue forecast, CEO steps down [Reuters]
Micro Focus Intl PLC ADS each representing One Ord Sh (MFGP)
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Source: Reuters
Micro Focus downgrades 2018 revenue forecast, CEO steps down? | Reuters Reuters Staff 1 Min Read LONDON, March 19 (Reuters) - Britain’s Micro Focus International warned its annual revenue would fall more than expected due to lower licence income and problems stemming from its purchase of Hewlett Packard Enterprise assets, prompting its CEO to quit. The FTSE 100 company said Chief Executive Chris Hsu would step down immediately and be replaced by Stephen Murdoch, currently Micro Focus COO. It said revenue for the year ending 31 October 2018 was now expected to fall between 6 percent and 9 percent, compared with a previous forecast for a 2-4 percent top-line decline. Reporting by Kate Holton; editing by Sarah Young All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved.
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