Micro Focus shares tank 30 per cent as CEO launches strategic review

Tom Wright
clock • 2 min read

UK vendor says it will miss revenue guidance despite already predicting a decline

Micro Focus' share price plummeted by over 30 per cent today after the British software vendor revealed it would miss revenue guidance. In a trading update, Micro Focus said that it would not hi...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes


Join now


Already a CRN member?

Log in

You may also like
IBM sues Micro Focus over software plagiarism


Big blue alleges Micro Focus stole its software and breached contracts with IBM

clock 23 November 2022 • 2 min read

Financial and Reporting

Acquisition of HPE's software business continues to weigh down UK giant

clock 19 March 2018 • 2 min read

Business Software

Micro Focus sees shares drop over nine per cent as revenues at soon-to-be acquired HPE software arm disappoint

clock 09 May 2017 • 1 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.