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Micro Focus FY Pre-Tax Profit Up, Revenues Down

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Software product group Micro Focus International plc (MCRO.L,MCFUF.PK) posted an increase in its pre-tax profit for the full year, reflecting lower costs, despite a decrease in revenues.

On a reported basis, profit before tax rose 2.8 percent to $153.4 million, while it rose 5.1 percent on a constant currency basis.

Earnings per share grew 18.7 percent to 76.09 cents from 64.11 cents, while adjusted earnings per share rose 20.4 percent to 85.73 cents from 71.22 cents last year.

On a reported basis, revenues for the year slid 4.8 percent to $414 million, while it declined 2.4 percent on a constant currency basis. Like for like revenues were down 3.2 percent on a constant currency basis.

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