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Micro Focus plummets on sales warning

Micro Focus plummets on sales warning

Shares in Micro Focus (MCRO) crashed by a third after the software group warned that it was unlikely to meet its constant-currency revenue guidance of minus 4 to minus 6 per cent this year. Management now expects a sales decline of between 6 and 8 per cent, and is fast-tracking a review of the group’s operations.

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