MARKET TALK: Micro Focus FY Results Fine - Panmure

24th Jun 2010 07:45

0645 GMT [Dow Jones] Micro Focus International's (MCRO.LN) FY results are fine, says Panmure Gordon. Notes the license sales are stronger than expected. Says Nick Bray resigning as chief financial officer is a disappointment, but the shares look cheap on Panmure's unaltered forecasts of 12.1xPE. Shares closed Wednesday at 528p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 24, 2010 02:45 ET (06:45 GMT)