back to article Micro Focus reports 10% revenue slide, multibillion-dollar impairment charges, but investors give the thumbs-up

Investors hate surprises. There were, however, no hidden nasties in Micro Focus's preliminary financial results for fiscal 2020 outlined today as the collection of fragmented legacy software assets crossed off year one of its 36-month turnaround strategy. Group revenue fell 10 per cent year-on-year for the 12 months ended 31 …

  1. Abominator Bronze badge

    MicroFocus, where software and enterprise services go to die.

    1. Anonymous Coward
      Anonymous Coward

      Don’t worry, they have a backup plan.

      Clearly the purchase from HPE was overvalued so the can write off a huge amount and sue HPE.

    2. RM Myers
      Unhappy

      Reading the list of software packages they have purchases over the years is like a trip down memory lane. If you have wondered whatever happened to a software package, Micro Focus probably bought it.

  2. Pirate Dave Silver badge
    Pirate

    Yeah...

    It sure SEEMS like owning the Groupwise copyrights is the first step in a company's slide to obsolescence. Word Perfect. Novell. Attachmate. MicroFocus.

    I jest, of course. Groupwise was an awesome email system, just, as usual, the World-at-Large chose a not-quite-as-good alternative from Microsoft.

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