Micro Focus International eyes growth at top end of hopes

19th May 2014 15:03

Business software group Micro Focus International forecast annual growth at the top end of hopes after a satisfactory end to the year.FTSE 250-listed Micro Focus said year-on-year growth in total revenue at constant currencies was likely to be at the upper end of the 3% to 6% guidance range.Underlying adjusted pre-tax earnings before interest, depreciation and amortisation (EBITDA) and adjusted EBITDA were expected to match market expectations.Net debt at April 30th 2014 was $261m, which Micron Focus said showed more good cash generation in the period.Shares rose 11p or 1.4% to 789p at 15:27 in London.PW