Micro Focus acquisitions bolster H1 revenue

UK business intelligence specialist Micro Focus has seen group revenues for its half year bolstered by the acquired assets of Borland and Compuware.

UK business intelligence specialist Micro Focus has seen group revenues for its half year bolstered by the acquired assets of Borland and Compuware.

The vendor has had an interesting six months with the CEO stepping down, the launch of a government-backed IT manifesto and a couple of acquisitions.

Revenue for the half year ended 31 October increased by 46% to $198.4m bolstered by the contribution of $55.3m from Borland and the testing/ASQ division acquired from Compuware.

Pre-tax profit rose by 26% to $72.1m and the company stated that the acquisitions were almost completed and on budget.

Kevin Loosemore, chairman of Micro Focus, stated that it had seen organic growth as well as the contributions from its acquisitions and the impact on the full year should be stronger than expected.

He added that the impact of the expansion of the business had been to lead to a focus on internal costs that had contributed savings to the bottom line.

"As a logical extension to the integration of recent acquisitions the Group has conducted additional cost management measures in the core business that we expect to have a positive impact on profitability in the second half," he said.

MicroScope+

Content

Find more MicroScope+ content and other member only offers, here.

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

ComputerWeekly

SearchITChannel

Close