Micro Focus trading in line with forecast
Following the Return of Value to shareholders of 45 pence per share totalling US$130m together with the Interim Dividend of 5.26 pence per share at a cost of US$15m, the Group's net debt position at 31 January 2012 was US$156m (31 October 2011: US$47.6m) demonstrating further good operational cash generation during the period.
Management's expectations for the six months to 30 April 2012 remain that there will be a similar revenue and Adjusted EBITDA performance to that achieved in the first half of the financial year.
At 9:48am: [LON:MCRO] share price was +2p at 451.4p
Story provided by StockMarketWire.com