Investment Case

Micro Focus is one of the world’s largest enterprise software providers

We help customers digitally transform and achieve the speed, agility, security, and insights necessary to succeed in today’s rapidly evolving marketplace. By design, our tools bridge the gap between existing and emerging technologies—so our customers can run and transform their organization at the same time.

Investment Thesis

1
Global scale, global reach, global relevance

One of the world’s largest enterprise software companies supporting 40,000 customers worldwide

2
Deep digital transformation portfolio

More than 300 product lines supporting mission-critical use cases

3
Highly diversified and recurring revenue base

No revenue concentration by geography or end market, with ~70% recurring revenues

4
Strong and consistent free cash flow generation

Allows scope for shareholder returns

5
Efficient allocation of capital

Medium-term leverage target of 2.7x

Financial Highlights

Financial data presented as reported and not adjusted for changes in the groups structure following corporate development activities

    What Customers are Saying

    More than 40,000 customers worldwide are partnering with Micro Focus to power their digital transformation. Find out what some of them are saying about their experience.

    Our Customers

    For examples of how Micro Focus' products are used to power digital transformation, click on the logos below.

    Global Revenue Streams

    Our global revenue streams are highly diversified. We have more than 70% recurring revenue across multiple geographies.

      Portfolio Overview

      Strategic Initiatives

      Strategic and Operational Review findings

      1. The fundamentals underpinning our business model remain valid.
      2. We underestimated the challenges in relation to the HPE software integration and have a clear understanding of what needs to be done.
      3. The pace of change within the enterprise software market has accelerated and we need to evolve to capture new opportunities presented.
      FY19 Strategic and operation review findings

      Read our Investor Relations Fact Sheet

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