Micro Focus International plc announced unaudited consolidated earnings results for the six months ended October 31, 2017. For the period, the company reported revenue of $1,234.5 million as compared to $684.7 million a year ago. Operating profit was $220.0 million as compared to $163.3 million a year ago. Pre-tax profit was $145.7 million as compared to $113.2 million a year ago. Adjusted EBITDA was $530.1 million as compared to $320.3 million a year ago. Diluted Earnings per share were 34.64 cents as compared to 38.12 cents a year ago. Adjusted Diluted Earnings per share were 103.87 cents as compared to 89.20 cents a year ago. Adjusted Profit before tax was $451.8 million as compared to $276.2 million a year ago. Adjusted Profit after tax was $319.1 million as compared to $212.1 million a year ago. EBITDA was $434.855 million as compared to $288.083 million a year ago. Adjusted Operating Profit was $520.220 million as compared to $326.249 million a year ago. Profit for the period increased by $16.0 million to $106.6 million as compared to $90.6 million a year ago. Cash generated from operations was $267.2 million as compared to $201.9 million a year ago. Net debt as at the end of the period was $4,151.7 million against 1,612.6 million a year ago. Adjusted Net debt as at the end of the period was $4,409.7 million against 1,612.6 million a year ago.

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.