LONDON, December 9 /PRNewswire/ -- Micro Focus, the application software maker, said momentum built in the second quarter as it announced a 46 per cent increase in half-year revenues.
While organic growth slowed to 5 per cent, revenues from the recent Borland and Compuware asset acquisitions beat expectations.
Nick Bray, CFO, said the acquisitions were now fully integrated and that the company's addressable market had grown to $6.4bn.
In a video interview on http://www.cantos.com, he said:
For us it's all about execution. The market's there. We've collected the components. We've still got work to do, but it's about execution of a very clear strategy.
We produced a 39 per cent margin in H1. It's very pleasing, very encouraging to see that we expect to return to 40 per cent in H2.
The interview and transcript are available now on http://www.cantos.com.
Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email firstname.lastname@example.org or phone +44-207-936-1333
SOURCE: Micro Focus
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