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Micro Focus unveils solid numbers for fiscal year

Simon Quicke

Micro Focus, which remains in the driving seat in its efforts to acquire Borland after seeing off a rival bid, has reported a solid set of preliminary results for its financial year.

The application management specialist reported a 20% increase in revenue to $274.7m and a 30% increase in pre-tax profit from $88.6m to $115.9m for its year ended 30 April.

During the year it also made three acquisitions and has already sealed another last month with Compuware and has its sights firmly set on adding Borland to the fold after making a renewed bid of $88m last week.

Stephen Kelly, chief executive officer of Micro Focus, said that it had managed to produce a decent set of numbers despite the recession because of a business model that had a "high proportion of predictable and recurring revenue".

"In the year ahead we will continue to pursue our successful stated growth strategy. However, the impact of the recent Compuware acquisition is expected to reduce the overall group margin," he said.

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