LONDON (ShareCast) - Acquisitive legacy software specialist Micro Focus (LSE: MCRO.L - news) reported a 30.8% rise in full year pre-tax
profits but warned that the impact of the recent Compuware (NASDAQ:
CPWR -
news) acquisition is expected to reduce the overall group margin.
Adjusted pre-tax profit increased to $115.9m in the year ended 30 April compared with $88.6m last time. Revenues rose by 20.4% to $274.7m on the preceding year, reflecting, in part, the contribution of recent acquisitions.
The group has proposed a final dividend of 11.1 cents per share, taking the total dividend for the year up 20% to 15.6 cents.
"In the year ahead, we will continue to pursue our successful stated growth strategy. However, the impact of the recent Compuware acquisition is expected to reduce the overall group margin," said chief executive Stephen Kelly.
"Micro Focus' resilience, relevance and strong cash generation gives the board confidence in the group's ability to continue to deliver superior total shareholder returns going forward," he added.
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