- Business software group Micro Focus International said it expected to report annual revenue and adjusted earnings numbers in line with revised guidance that it provided in August.

In a brief trading update the for the year through October, the company also said that it expected its net debt to stand at $4.3bn, at a leverage multiple of around 3.2 times operating earnings.

The debt number entailed completion of a share buyback programme and a one-off tax payment in respect of the SUSE disposal.

'The group's strategic review is progressing in line with the original timetable and the board intends to provide an update as part of the preliminary results announcement,' Micro Focus International said.

Story provided by