EARNINGS PREVIEW: Micro Focus FY Rev, Profit Seen Up

22nd Jun 2010 12:22

Micro Focus International PLC (MCRO.LN): Fiscal 2010 Earnings Due: June 24 at 0600 GMT Company Survey of 17 Analysts Average Revenue: $429.0M, +56% ($274.7M in 2009) Average Adjusted Ebitda: $169.3M, +43% ($118.6M in 2009) Average Adjusted Pretax Profit: $158.9M, +37% ($115.9M in 2009) Average Adjusted EPS: 55.73c, +34% (41.51c in 2009) Note: the group is expected to post a sharp rise in annual revenue and profit, underpinned by a strong performance in the second-half of the year and last year's acquisitions spree, in line with its guidance last month. Micro Focus provides software and consultancy services to help clients update legacy IT platforms, a less costly solution than buying new systems, particularly for firms looking to during the economic downturn. ([email protected]) Contact us in London: +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 22, 2010 07:22 ET (11:22 GMT)