Revenue growth decline halved in year of global pandemic. Along with new collaborations, makes me very confident that the next couple of years will be boom time as companies emerge from lockdown needing our services.
Now stick $300m minimum from AWS on the bottom line and then Snowflake and Microsoft future revenues and the turnaround presents itself. Good progress being made.
Micro Focus expects to report revenue of approximately $1.4bn for the six months ended 30 April 2021. This performance is ahead of market expectations and represents a decline of approximately 5% on a constant currency ("CCY") basis when compared to the first half of FY20.
· An expected Adjusted EBITDA margin of approximately 36% for the first half is also ahead of market expectations, reflecting the strong licence revenue performance and cost savings from back office simplification, partially offset by the planned product investment.
Hope to see revenue decline reversal,IT integration finality,debt reduction to a degree and maybe inch up the divi. More news on AWS/Snowflake/Microsoft potential revenues would be lovely. All of the above please...£8.
Great news.....'The extension increases the Board's expectation for revenue in FY21 by approximately 40% with the balance of the project revenue to be earned in the first quarter of FY22. The contribution generated allows us to maintain our current operational business for the duration of the extension and our overall cash runway to H2 of calendar year 2022.'
Been patiently waiting for our time to come and now it's on the horizon please for Heaven's sake don't let us get taken out at the final hurdle on the cheap.
The end is approaching rapidly. If it were the case that Samsung were that confident in victory,I think it would be just as obvious to Mintz.....who would presumably drop the litigation like a hot potato. Mintz still here....let’s hope we don’t settle cheaply.
RE: IS BEING BEHOLDEN TO AMAZON A RISKY WEAKNESS?29 Apr 2021 15:02
Thousands of companies out there who would give their eye teeth to just engage with AWS let alone enter into a collaboration whereby AWS benefit by funnelling business your way. Enormity of this deal and the revenue growth as a consequence will be apparent soon enough. And if someone can show me any restrictions put into place within the AWS collaboration that constricts our other business then I will gladly cede.