Acquisitions filter in to bolster Micro Focus yearly numbers


Acquisitions filter in to bolster Micro Focus yearly numbers

Simon Quicke

UK software player Micro Focus has seen the benefits of its acquisitions of Borland the and automated management and quality business of Compuware feed into its financial results.

The vendor has unveiled preliminary results for the year ended 30 April with clear signs that the benefits of expanding its portfolio and customer base are paying off.

Revenue for the year increased by 57% to $432.6m with pre-tax profits of $98.3m up slightly from the $91.4m a year before.

The acquisitions of Borland and a chunk of Compuware were sealed last summer and Nigel Clifford, CEO of Micro Focus said it had already bolstered the bottom line and would help it expand its reach further in the next fiscal year.

"micro Focus has delivered another year of growth against a difficult economic backdrop whilst significantly expanding to address a $6.4bn market opportunity as a result of the acquisitions," he said.

"Now integrated within the group, these businesses have providedd us with greater opportunities for further growth in the future," he added.

Join the conversation Comment



    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.