Why Shares of Micro Focus International Slumped Today [The Motley Fool]
Micro Focus Intl PLC ADS each representing One Ord Sh (MFGP)
US:NYSE Investor Relations:
investors.microfocus.com
Company Research
Source: The Motley Fool
The company's post-merger results and outlook disappointed investors. Timothy Green ( TMFBargainBin ) Jan 8, 2018 at 1:03PM What happened Shares of Micro Focus International ( NYSE:MFGP ) slumped on Monday after the company reported its interim results for the six months ending on Oct. 31. This was the first report following the completion of the merger of its wholly owned subsidiary with the software business segment of Hewlett-Packard Enterprise . While the merger drove revenue higher, sales slumped on a comparable basis. The stock was down about 17% at 11:55 a.m. EDT. So what Micro Focus reported six-month revenue of $1,234.5 million, up 80% year over year. License revenue soared 121% to $327.7 million, maintenance revenue jumped 68% to $611.5 million, subscription revenue rose 13.9% to $162.6 million, and consultancy revenue surged 177% t
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