Micro Focus International profits rise

Micro Focus International posted a rise in first-half profit after the acquisition of Hewlett Packard Enterprise's software unit boosted revenue.

Pre-tax profit rose 28.7% to $145.7m after revenue jumped 80.3% to $1.23bln.

"The period under review has seen the completion of the combination of Micro Focus with HPE Software to create one of the world's largest pure play software companies," executive chairman Kevin Loosemore said.

"This was a complex transaction with 12 months between announcement and completion. We are now fully engaged in the integration of the combined company."

The company also announced that chief financial officer Mike Phillips had been appointed to the newly-created role of director of M&A.

He has been replaced as CFO by Chris Kennedy, a former CFO of ARM and easyJet.