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MICRO FOCUS Interim results for six months ended 30 April 2021 Released : 01/07/2021 07:00 RNS Number : 7561D Micro Focus International plc 01 July 2021 1 July 2021 Micro Focus International plc ( " the Company " or " the Group " , LSE : MCRO.L , NYSE : MFGP ) , the international software product group , announces unaudited interim results for the six months ended 30 April 2021 ( " H1 21 " ) . Key highlights : Micro Focus International plc Interim results for the six months ended 30 April 2021 Revenue was $ 1.4bn for the period . This performance was ahead of market expectations and represents a decline of 4.6 % on a constant currency ( " CCY " ) basis and a decline of 2.0 % at actual rates when compared to H1 20 . Sales execution in the period was strong , resulting in an improvement in sales conversion rates and a number of deals closing earlier than expected . The H2 weighting of prior year revenue due to COVID - 19 was also a factor . The Group continues to target a meaningful improvement in the rate of CCY revenue decline in FY21 when compared to FY20 , in line with current revenue consensus . Adjusted EBITDA margin of 36.4 % ( H1 20 : 37.7 % CCY ) reflecting the strong licence revenue performance and cost savings from back - office simplification , largely funding the planned product investment . The Group generated a statutory operating loss from continuing operations ( after exceptional items and amortisation of purchased intangibles ) of $ 154.8m ( H1 20 : Operating loss of $ 906.7m , including a goodwill impairment charge of $ 922.2m ) . Cash generated from operating activities of $ 468.1m for H1 21 ( H1 20 : $ 560.4m ) , which after exceptional items resulted in Adjusted Cash Conversion ¹ of 124.5 % ( H1 20 : 131.5 % ) . Significant milestone reached on digital transformation with employees recently transitioned to our new , single IT platform . Given the complexities of executing this transition during COVID - 19 , we will continue to run with a level of duplicate costs until the system is fully operational . Strategic partnership with AWS , and good progress across the product portfolios including key partnerships announced with Microsoft Azure , Snowflake , Dell EMC and others . Matt Ashley joins the Board as Chief Financial Officer from 1 July 2021 . Results at a glance Alternative performance measures from continuing operations¹ Revenue ( versus CCY comparatives ) Adjusted EBITDA ( versus CCY comparatives ) H121 $ 1,425.7 m $ 519.0 m H1 20 $ 1,493.9 m $ 562.6 m Growth / ( Decline ) ( 4.6 ) % ( 7.7 ) %