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Micro Focus International re-instates dividend after turnaround progress

·1-min read
A sign stands outside the offices of Micro Focus in Newbury

LONDON (Reuters) - British IT company Micro Focus International re-instated its dividend on Tuesday after it made "solid progress" in the first year of its three-year turnaround plan.

The company reported adjusted core earnings of $1.2 billion, down from $1.4 billion a year earlier, at margin of 39.1%, which it said was towards the upper end of expectations. Revenue declined 10% to $3 billion.

It said it would reinstate its final dividend at 15.5 cents per share.

(This story fixes the typo in the headline)

(Reporting by Paul Sandle, editing by David Milliken)