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Micro Focus shares drop 30% on profit warning
日期:2019-08-29 17:21 作者: 来源:BBC 相似文章:0条
          
Micro Focus building

Image copyright Bret Fitzgerald Shares in software giant Micro Focus International have fallen 30% after it said sales would be worse this year than expected. The FTSE 100-listed firm had already warned in March revenue would be 4% to 6% lower for the year to 31 October. It now says sales will be 6% to 8% below last years because of the "deteriorating macro-environment". The company, which bought Hewlett Packards software business in 2017, is the largest UK-based tech firm. The economic climate had resulted in "more conservatism and longer decision-making cycles" within the firms customer base, Micro Focus said. Are markets signalling that a recession is due? The Newbury firm, which sells software and consultancy services globally, has struggled to integrate the much larger US-based Hewlett Packard Enterprise, which it bought for £6.8bn ($8.8bn) two years ago. Micro Focus will accelerate a strategic review of the groups operations as a result of the worsening expectations, chief executive Stephen Murdoch said. The aim now would be to determine "where performance can be improved and how the business can be better positioned to optimise shareholder value", he said. Mr Murdoch took over as chief executive in March last year. The firms previous chief executive departed after acknowledging the merger was proving more difficult than anticipated.