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Micro Focus trading in line

The group continues to target a mid-term net debt to adjusted EBITDA (underlying earnings) ratio of 2.7 times.
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Micro Focus completed the sale of its SUSE Linux software business in March

Legacy software specialist Micro Focus International PLC (LON:MCRO) traded in line with expectations in the six months to the end of April.

The group said the collection of what it calls “aged trade receivables” has continued in line with management expectations.

Management continues to guide to a constant currency revenue range in respect of its continuing operations, for the full year to 31 October 2019, of minus 4% to minus 6%, compared to the 12 months ended 31 October 2018.

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