logo
Plus   Neg
Share
Email

Micro Focus Warns On FY Revenue; To Accelerate Strategic Review

Micro Focus International plc (MFGP,MCRO.L), in its trading update for the 12 months ending 31 October 2019, said that it does not expect to meet its fiscal year constant currency revenue guidance, citing weak sales execution compounded by a deteriorating economic environment.

The company also said it has decided to accelerate a strategic review of its operations. It will consider a range of strategic, operational and financial alternatives available to the company.

The company now expects constant currency revenue for the year ending 31 October 2019 to be minus 6% to minus 8%, compared to prior estimation of minus 4% to minus 6%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Mystery Ranch Ltd. is recalling about 500 holsters for semi-automatic handguns due to faulty retention straps. The company noted that if the retention strap disconnects from the holster, the handgun could fall and unexpectedly discharge, posing a serious injury risk to consumers. The recall involves the Mystery Ranch Quick Draw Side Arm Holsters, which are semi-auto holsters. Walmart is luring customers with attractive Black Friday deals. The retail giant said it will host two early shopping events in November. Walmart's 'Black Friday' event starts online at 10 p.m. EST on Wednesday, November 27. The company's in-store event will begin at 6 p.m. local time on Thanksgiving Day, Thursday, November 28. Starting today, Walmart's 'Buy Now' deals are available to customers. Coffee giant Starbucks Corp. unveiled its sixth and the world's largest Starbucks Reserve Roastery on Chicago's Magnificent Mile, featuring Starbucks Reserve specialty coffee menu, boutique Milanese Princi bakery, and Arriviamo Bar for coffee cocktails. It will throw open the iconic five-storey glass-clad building in 35,000 square feet space, employing about 200 people, to the public on Friday.
RELATED NEWS
Follow RTT
>