- Micro Focus International reports that trading in the three months to 31 January 2012 was in line with management expectations.

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

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