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Micro Focus Intl sinks as costs of fixing HPE mount

Reuters  |  LONDON 

By Paul SandleLONDON (Reuters) - Britain's Micro Focus Intl reported an 8 percent decline in revenue for the six months to end-April, as it struggled to integrate the assets it bought from Hewlett-Packard Enterprise and said it would rack up another $210 million in exceptionals.Shares in the company fell to a three-month low on Wednesday. They were trading down 9 percent at 1,190 pence at 1500 GMT. The company cut its revenue outlook and ditched its previous CEO in March after it failed to get to grips with its $8.8 billion acquisition of HPE assets last year, resulting in its shares losing ...

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First Published: Wed, July 11 2018. 23:01 IST