Micro Focus CFO walks

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Micro Focus CFO walks

Simon Quicke

The shine has been taken off Micro Focus results slightly with the announcement that the British software vendor's CFO is leaving the business.

The decision by Nick Bray to leave the firm creates unwanted uncertainty and will shake up a management team that had become settled after last year's exit of the CEO Stephen Kelly.

According to reports in the Financial Times Bray has resigned with a view to popping up in a similar role at a rival.

Bray joined Micro Focus five years ago and was one of those that hoped to get Kelly's position after the CEO resigned but was pipped to that job by Nigel Clifford who got the top job in April.

Micro Focus announced full-year results yesterday that showed the its acquisition last summer of Borland and a chunk of Compuware were delivering value and its expanded market was showing signs of delivering a good return in its fiscal 2010/11.

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