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Micro Focus International posts 22 percent rise in H1 earnings ahead of HPE deal

Published 14/12/2016, 07:27
© Reuters. A sign stands outside the offices of Micro Focus in Newbury
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LONDON (Reuters) - Micro Focus International (L:MCRO), the British IT firm buying Hewlett Packard Enterprise Co's (N:HPE) software business for $8.8 billion, said it was making good progress as it reported a 22.4 percent rise in first-half underlying earnings.

The company said that while it had made a good start to the deal, it was maintaining full-year guidance for revenue growth of between minus 2 percent and zero.

It reported adjusted earnings before interest, tax, depreciation and amortisation of $332.5 million (260 million pounds) on total revenue of $684.7 million for the six months to Oct. 31.

It said the HPE deal was on target to complete in the third quarter.

© Reuters. A sign stands outside the offices of Micro Focus in Newbury

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