Micro Focus International PLC (MCRO.L)
Mon, Jan 8 2018
LONDON Micro Focus International, the British firm that bought Hewlett Packard Enterprise's (HPE) software assets in a $8.8 billion deal, said its revenue would fall 2-4 percent in the 12 months to October, after a disappointing sales performance in the acquired business in recent months.
* REPORTED REVENUES IN SIX MONTHS TO 31 OCTOBER 2017 WERE $1,234.5M, $549.8M (80.3%) HIGHER THAN PRIOR PERIOD REPORTED REVENUES ($684.7M), WITH HPE SOFTWARE CONTRIBUTING $569.8M AND $664.7M COMING FROM EXISTING MICRO FOCUS AND SUSE PRODUCT PORTFOLIOS
* MICRO FOCUS INTERNATIONAL PLC ("MICRO FOCUS") (LSE: MCRO.L, NYSE: MFGP) AND HEWLETT PACKARD ENTERPRISE COMPANY ("HPE") HAVE DECIDED TO AMEND TERMS OF MERGER AGREEMENT DATED 7 SEPTEMBER 2016 IN RESPECT OF NOMINATED DIRECTORS
BEIJING China Rapid Finance will make any adjustments needed to its business practices and the fees it charges in response to Bejing's new requirements to clean up fast-growing online micro-lenders, its chief executive Zane Wang said on Monday.
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