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HPE Software reports lower revenues in final year before Micro Focus acquisition
  • 23 Nov 16
title

HPE Software reports lower revenues in final year before Micro Focus acquisition

  • 270 views
James Valentine

Digital editor at Research Tree

 
HPE
Strap line

Software specialist saw revenues decrease due to divestitures and currency headwinds

Companies: Micro Focus International plc


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Hewlett Packard reported FY Results today up to 31 October. Since Micro Focus announced in September it is acquiring HPE Software, it has published the HPE Software element of HPE's FY Results. The division showed a drop in revenues but an increase operating profit, after a significant improvement in operating margin.

 

The update, which included full-year and Q4 results, showed HPE Software's revenue down 6% in the fourth quarter at $903m, and full-year revenue down 12% at $3.2bn. This was primarily due to divestitures and currency headwinds, meaning that on an adjusted basis, the division increased full-year revenues by 1%.

 

Full-year profit decreased 5%, whilst its Q4 profit increased 1%, because of a whopping 32% improvement in its operating margin.

 

HPE Software saw revenue decline across all of its services, but the hit was felt hardest in its licence and support revenues, both down more than 12%.

 

MCRO's share price rose 2% in early trading and is currently valued on a PER of c.17x



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The information contained within this post is based on personal experience and opinion and should not be considered as a recommendation to trade nor financial advice.

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