Micro Focus eyes value extraction

HP Enterprise Software results show scope for profit improvement
Thursday 01 Dec 2016 Author: Steven Frazer
Firm evidence of profits trending upwards is emerging at HP Enterprise Software (HPES) ahead of its $8.8bn reverse takeover of FTSE 100 infrastructure software supplier Micro Focus ( MCRO ) . Fourth quarter and full year figures released by the US-based business (22 Nov) show a 1% operating profits gain to $290m, reversing the third quarter decline, while operating profit margins jumped 2.2 percentage points to 32.1% in the...

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