Micro Focus results swelled by acquisition revenues

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Micro Focus results swelled by acquisition revenues

Simon Quicke
British software player Micro Focus has indicated that its acquisitions of Compuware's testing business and Borland are filtering through to the bottom line.

In a trading update for the fiscal year ended 30 April the channel player pointed to a revenue of $160m from its testing market acquisitions.

The statement added that a solid second half of its financial year had helped it produce what it expects will be revenues in the region of $432m compared to $274.7m in the year before.

Kevin Loosemore, chairman of Micro Focus, said that it had been a challenging environment economically but it had made the right decisions to widen its product portfolio.

"Whilst ISV revenues felt some impact from the economy, we experienced strong growth in our migrations business. At the same time, we added a complementary new market in testing through the acquisitions of Borland and Compuware, significantly expanding the company's addressable market," he said.

He added the acquisitions had been integrated and would contribute more margin in the future.

Nigel Clifford, who became CEO of Micro Focus last month, said that it was entering a new fiscal year in a strong position.

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