TechMARK movers: Micro Focus struggles for growth

Shares in legacy software provider Micro Focus International have slumped on the back of poor software licence sales in the first quarter. Revenues in three months to July 2010 rose by 40%, but sales were flat stripping out last year's acquisitions of Borland and Compuware. Micro Focus is suggesting that underlying sales growth this year will be low single digit rather than mid single digit. Broker Singer is positive about the new sales and marketing appointments made by Micro Focus and the opportunities for the company, but it believes that Micro Focus needs positive news flow for its share price to recover. IT company Triad says that its sales pipeline is being affected by uncertainties about public spending and that has knocked its share price. There are some signs of improvement in the private sector and Triad is reducing its spending. FTSE TechMARK - RisersAntisoma (ASM) 6.01p +11.30%Skyepharma (SKP) 39.50p +3.27%Anite Group (AIE) 44.50p +2.30%Torotrak (TRK) 23.00p +2.22%AEA Technology (AAT) 17.25p +1.47%Vislink (VLK) 18.75p +1.33%Renovo Group (RNVO) 22.50p +1.12%Sinclair Pharma (SPH) 27.50p +0.91%NCC Group (NCC) 455.00p +0.89%Consort Medical (CSRT) 392.00p +0.77%FTSE TechMARK - FallersMicro Focus International Plc (MCRO) 288.50p -31.15%Triad Group (TRD) 22.50p -10.00%Phytopharm (PYM) 8.13p -7.75%Dialight (DIA) 375.00p -5.78%BT Group (BT.A) 139.00p -5.05%Filtronic (FTC) 36.50p -4.58%Intec Telecom Systems (ITL) 65.75p -3.66%Cable & Wireless Worldwide (CW.) 62.65p -3.84%Ricardo Group (RCDO) 246.00p -3.15%Electronic Data Processing (EDP) 48.00p -3.12%