Micro Focus reiterates expectations for slower revenue decline

29th Mar 2019 07:30

(Sharecast News) - Software company Micro Focus International reiterated its previous guidance for the financial year on Friday, as its investors gathered for its annual general meeting.The FTSE 100 firm said that guidance was for further moderation of revenue decline, and as a result constant currency revenue for the continuing Micro Focus product portfolio business for the 12 months to 31 October 2019 was expected to be between -4% and -6%.That compared to a decline of 7.1% for the 2018 financial year."Micro Focus will announce its Interim Results for the six months to 30 April on 9 July," the company's board said in its statement.