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Micro Focus - Revenues up 33%, Interview With CEO and CFO
LONDON, June 27 /PRNewswire/ -- Micro Focus, the UK software company, today announced full-year results that saw revenues rise above the $200m mark for the first time including a 'pleasing' return from North America of 20 per cent. The company said it was proposing a 30 per cent rise in its final dividend to shareholders. In a video interview, Micro Focus CEO Stephen Kelly said the results exceeded expectations. "We are very ambitious for the company," he said. "But I think it's quite responsible for us to keep our feet on the ground, our focus on the strategy and the planning and executing well. And if we exceed our expectations, then that's all good." Mr Kelly discusses the group's management changes, integration of NetManage and the group's acquisition policy. Nick Bray, Chief Financial Officer, looks at the key growth drivers, integration and acquisition funding plus the importance of the group's pipeline. Despite the market conditions Mr Kelly said the outlook for the group was positive. "When I read the papers and the analyst reports, they suggest that, globally, IT is growing this year by 3 to 5 per cent. Certainly, in terms of our strategy and our offering, which is very topical around cost reductions for customers, I think we're very well placed to continue superior growth relative to the overall market." It's free to view. All you need to do is register at http://www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. Cantos interviews are also available on our CEO Direct page on iTunes. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.
