Following the release of interim results for the six months ending April 30, Micro Focus International (NYSE: MFGP) shares are trading lower. Revenue fell by 4.6 percent, while adjusted EBITDA plummeted by 7.7%.
The company’s adjusted EBITDA margin also decreased year over year, from 37.7% to 36.4 percent.
Micro Focus International plc is a global enterprise software company with operations in the United Kingdom, the United States, Germany, Canada, France, Japan, and other countries.
Micro Focus’ stock was trading 15.4 percent lower at $6.37 at the time of writing. A 52-week low of $2.78 and a 52-week high of $8.19 are the stock’s low and high respectively.
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