MICRO FOCUS INTERNATIONAL PLC SOFTWARE LICENSE

The drop in revenue resulted in an even bigger drop in profitability.

If this customer behavior continues, the impact could become much more significant. However, given that the period ended on April 30, that late development was apparently a profound shift. On one hand, the company said this changing behavior only had a 2% negative impact on overall revenue.

MICRO FOCUS INTERNATIONAL PLC SOFTWARE LICENSE

Micro Focus International noted that its customers began delaying software license renewals and regular maintenance in April. The company divides its revenue into four segments, and all four lost ground, including its 'software-as-a-service and other recurring revenue' segment.

So whatДuring the first two quarters of its fiscal 2020, the software and information technology company's revenue declined 11% from the comparable period of the prior fiscal year. Shares of U.K.-based technology company Micro Focus International ( NYSE:MFGP) got crushed on Tuesday morning after it provided interim results for the six-month period that ended April 30. While I no longer get to exercise my analytical muscles with linguistics, it's rewarding to analyze business and share my opinions through this platform.ДЄppreciate my writing, have an idea for me, or is there an issue with something I wrote? Feel free to reach out to me at happened What's great about exploring business and the economy is the insight it gives you into how things are in the world. After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer.

Micro focus international plc