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Micro Focus revenues fall as it struggles with Hewlett Packard – The Times

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Micro Focus revenues fall as it struggles with Hewlett Packard – The Times
Micro Focus doubled its size when it took over the software division of Hewlett Packard EnterpriseEDDIE KEOGH/REUTERS

Micro Focus warned yesterday that its revenues would fall by as much as 6 per cent this year as it continues to digest Hewlett Packard’s software division, which includes Autonomy, the Cambridge-based developer.

It said that the acquisition in 2017 of Hewlett Packard Enterprise, which propelled Micro Focus into the FTSE 100, still required “substantial” work. It said that the “complexities” of uniting the HP portfolio with its existing business demanded “detailed attention and substantial programme planning and execution”.

Micro Focus, which specialises in extending the life of ageing computer languages such as Cobol, expects revenues to fall by between 4 per cent and 6 per cent in the present financial year. Turnover fell by 5.3 per cent to $1.7 billion in the six months…

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