Micro Focus ends year in line with revenue and earnings guidance

20th Nov 2019 07:40

(Sharecast News) - Micro Focus International updated the market on its trading for the year ended 31 October on Wednesday, saying it expects to report full year revenue and adjusted EBITDA consistent with the revised revenue guidance it gave at the end of August, and in line with its company compiled consensus.

The FTSE 250 software firm said it was expecting to report net debt of $4.3bn at a leverage multiple of approximately 3.2x adjusted EBITDA for the year.

That figure was following the completion of the share buyback programme, and a one-off tax payment over the disposal of SUSE.

"The group will announce preliminary results for the twelve month period to 31 October on 4 February," the Micro Focus board said in its statement.

"The group's strategic review is progressing in line with the original timetable and the goard intends to provide an update as part of the preliminary results announcement."

At 0902 GMT, shares in Micro Focus were flat at 1,041.6p.