Thursday, 25 June 2009

Micro Focus raises profits, revenues as it assimilates acquisitions

(By Philip Carnelley, Thursday 25 June 2009 07.46) Micro Focus prelims this morning for the FY ended 30 April showed organic growth of 10% (at constant currency) and headline growth of 20% to US$275m. Operating margins stayed steady at 33% despite the effects of assimilating three different acquisitions during the year – NetManage, Liant and Relativity. Adjusted operating profit (before amortisation etc) was up 33.5%. Growth (ccy) was strongest – 14%, ccy – in EMEA, to $90m, but North America remains (just) its biggest market, at $92m.

So this was a good performance in a challenging year. However more big challenges lie in front of it – the acquisition of Compuware’s testing business closed in May, after year-end, and the proposed takeover of Borland will not complete (if at all, it’s likely but not certain) until later in the year.
We’ll have more to say after the analyst briefing.

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