
Share price crashed on today's news. Market expected better.
No insights?
It's the last set of results it'll post before its $8.8bn spin merge deal with HPE Software, and the UK's Micro Focus is keen to show it has a clean bill of health. The software company reported unaudited revenues of about $1.38bn for year ended 30 April 2017, up 10.9 per cent from about $1.25bn on year ended 30 April 2016. …
Micro Focus has a long history of gobbling up former-big-name companies that have fallen into apparent irrelevance (like Borland and Novell), and making a profitable business of them. I believe they have a time machine where COBOL lives on and flourishes.