Mixed first half at Micro Focus

10th Nov 2010 07:55

Software specialist Micro Focus' revenue this year will be similar to last year's $453m after mixed results over the first half.A slowdown in the acquired businesses of Borland and Compuware marred a pick up at the legacy business. Operating profits for the half-year to October will now be similar to last year's $78m and margins of 36%, Micro Focus said. One-off costs will amount to about $6.6m. The software group's interim sales to October rose 11% to $216m, from $178m. The Cobol Development, Modernisation and Migration business's interim revenues were $146m, a year on year increase of 3.7% after a 'substantial improvement' since July.The AMQ business, formed through the acquisitions of Borland and the ASQ Division of Compuware, had a disappointing first half with revenues falling to $70m from $79m in the six months to April.An improvement in AMQ revenues is unlikely to be seen in the current financial year. The CDMM business had a good performance in the period and revenues should continue to improve, the statement added.