Micro Focus Interim Results for H1 2020

Micro Focus have released their interim results for the six months ended 30 April 2020. While revenue was down over 11% at $1454m this was in line with expectations with all business portfolios suffering declining revenue.

The company recorded a goodwill impairment charge of $922.2m ostensibly in the light of Covid-19 which has led to Micro Focus declaring a loss of $906m.

However the underlying performance is good and with debt reduction policies bearing fruit Micro Focus is well set for the future.

Further information is available at https://investors.microfocus.com/investors-media/shareholder-information/shareholder-downloads/#

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