May 16, 2018 / 6:12 AM / 9 days ago

Micro Focus says early $40 mln contract will help H1 revenues

LONDON, May 16 (Reuters) - Britain’s leading software company Micro Focus International said the signing of a $40 million licensing deal meant its six-month revenues would not fall by quite as much as originally feared.

The group, which lost its CEO in March when it announced a major profit warning, said it expected revenue to be better than management guidance of minus 9 to minus 12 percent on a constant currency basis.

It reiterated its revenue guidance for the full year.

Reporting by Kate Holton; editing by Sarah Young

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