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MICRO FOCUS Trading Statement Released : 18/11/2021 07:00 RNS Number : 7561S Micro Focus International plc 18 November 2021 18 November 2021 Overview The Board of Micro Focus International plc ( " Micro Focus " or " the Group " , LSE : MCRO.L , NYSE : MFGP ) , the global enterprise software group , today issues a trading update for the 12 months ended 31 October 2021 ( " FY21 " ) . FY21 Revenue of c . $ 2.9bn which is a decline of 5 % on a constant currency basis ( " CCY " ) and represents a significant improvement in the rate of year - on - year revenue decline ( FY20 : CCY 10 % ) . Micro Focus International plc Trading Update Adjusted EBITDA of c . $ 1.0bn at a margin of c.36 % for FY21 ( FY20 : CCY : 39 % ) . Cash of c . $ 560m and Net debt of c . $ 4.2bn as at 31 October 2021 . The Group has been operating on one single IT platform since July and has now successfully closed two quarters on the new platform . On 3 November 2021 , the Group announced the disposal of the Digital Safe business for cash consideration of $ 375m , and the transfer of approximately $ 40m of lease liabilities . This transaction is expected to close in the first quarter of calendar 2022 . Micro Focus will provide an update on the progress on our strategy and key priorities over the next two years . This webcast will take place on 1pm ( UK time ) on 30 November 2021 ( details below ) . Stephen Murdoch , Chief Executive Officer , commented : " We continue to deliver on our strategic objectives and the pace of change in our business is accelerating . Our customer - centric investments are delivering meaningful improvements in both sales and our operating performance with the transition to a single enterprise - wide platform creating the foundation for further simplification and productivity improvements . The sale of the Digital Safe business shows the underlying value of our assets and is a clear example of how we can deliver incremental value to all our stakeholders . We remain committed to delivering revenue stabilisation and sustainable free cashflow and I look forward to setting out our strategic priorities in more detail on 30 November . " Financial Performance Y - o - Y revenue trajectory ( on a CCY basis ) Licence Maintenance SaaS and other recurring Consulting FY21 versus FY20 6 % ( 9 ) % ( 4 ) % ( 8 ) %