Micro Focus International plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended October 31, 2017; Provides Earnings Guidance for the Twelve Months Ending 31 October 2018
The company anticipates revenues for the Group for the twelve months ending 31 October 2018 will decline by 2% to 4% when compared to the pro-forma revenues for the 12 months ended 31 October 2017 of $4,226.7 million. As a result of the change in year-end the company anticipates a shift in Licence revenue towards the new year-end of 31 October which will lead to second half revenues being higher than those in the six months to 30 April.