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Micro Focus expects dip in full-year revenue

Daniel Cancian

LONDON (ShareCast) - (ShareCast News) - Infrastructure software Micro Focus International (Other OTC: MCFUF - news) said trading in the financial year has been in line with guidance. For the year to 30 April, the FTSE 250 group expects revenue to decline between 2% and 4% on a constant currency basis from the previous year.

In a short statement released on Thursday the company has also announced that non-executive director Tom Skelton will step down from the board after nine years.

"I would like to thank Tom for his very considerable contribution to the business and wish him well in his future," said group executive chairman Kevin Loosemore.

"During his nine years on the Board, he has supported Micro Focus in its consistent delivery of significant shareholder value." Micro Focus shares were flat at 1,222.00p at 0827 BST on Thursday.