August 29, 2019 / 6:13 AM / 2 months ago

Micro Focus Intl warns on revenue, reviews operations

LONDON, Aug 29 (Reuters) - British IT group Micro Focus Intl said it would miss its revenue target for the year, blaming weak sales execution compounded by a deteriorating economic environment, and said as a result it would accelerate a review of its operations.

The company downgraded its revenue forecast for the year to end-October to between minus 6% and minus 8% from its previous guidance of minus 4% to minus 6%. (Reporting by Paul Sandle; editing by Kate Holton)

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