Micro Focus lifted despite revenue drop

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Micro Focus lifted despite revenue drop

Shares in FTSE 250 enterprise software group Micro Focus International (LON:MCRO) rallied 6.52% to 449.50p (as of 14:20 BST) after it said that first-half revenues for the six months ended 30th April were down by around 11%. Management said this was consistent with the guidance published in February and their March trading statement given the disruption caused by COVID-19.

Given that this disruption is still ongoing, the company said it is not possible to provide reliable forward guidance at this time.

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