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Micro Focus International fiscal H1 profit climbs 41.4% YOY

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Micro Focus International fiscal H1 profit climbs 41.4% YOY

Micro Focus International plc said its normalized net income for the fiscal first half ended Oct. 31 was 44 cents per share, a gain of 34.6% from 33 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $96.4 million, a gain of 41.4% from $68.2 million in the year-earlier period.

Total revenue increased 13.3% on an annual basis to $684.7 million from $604.5 million, and total operating expenses increased 8.3% from the prior-year period to $480.7 million from $443.7 million.

Reported net income grew on an annual basis to $90.6 million, or 41 cents per share, from $87.3 million, or 42 cents per share.