Micro Focus spells out acquisition benefits

12th Aug 2009 07:23

Legacy software specialist Micro Focus has predicted a running twelve-month revenue contribution of $150m from recent acquisitions Compuware and Borland.Combined EBITDA margins will be approximately 15% in the first year of ownership, well below the rest of the group, but with the longer term seeing a move towards the group target of approximately 40%, it added.Trading in the three months to July, the first quarter, was broadly in line with management expectations. 'Management is confident that the first quarter will provide the platform for a solid first half year performance, 'the statement said.'We now have a significant foothold in the Testing/ASQ market. Consistent with our strategy, FY10 will benefit from the strong combination of organic and acquired revenues to provide a platform for superior shareholder returns,' chief executive Stephen Kelly added.