Micro Focus International Plc Revises Down The Constant Currency Revenue Guidance For FY19

  • Aug 29, 2019 BST
  • Team Kalkine

Micro Focus International Plc (LSE: MCRO), in its trading updates for the 12 months ending 31 October 2019 has said that the group does not expect to meet the constant currency revenue guidance of minus 4% to minus 6%, for the full year to 31 October 2019, compared to the 12 months ended 31 October 2018. The board has revised the guidance range for the year ending 31 October 2019 to minus 6% to minus 8%. The group has also pointed out that a deteriorating macro environment has added to the weak sales execution, resulting in more conservatism and a prolonged decision-making cycle amongst its customers.

On 29th August 2019, at the time of writing, GMT 10:11 AM, MCRO shares were trading at GBX 1,174.00, down by 381.40 points or 24.52% against the previous day closing price.

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