UK software supplier Micro Focus saw its profits double for the first half of its fiscal year, while revenues roser 35 per cent, compared to the same period last year.
Micro Focus, which is due to complete its #320 million takeover of American software company Intersolv this year, specialises in developing and managing applications for IBM mainframes.
For the six months ending 31 July 1998, revenues rose 35 per cent, from $71.7 million in the same period last year, to $97 million. Net income more than doubled, up 112 per cent from $4.9 million to $10.4 million.
"We are pleased with our continuing strong operating performance while we made significant progress on our key strategic objectives," said Martin Waters, president and chief executive officer for Micro Focus.
Latest Tesla news: Tesla stock price tanks amid reports of 'widening probe' by SEC and claims the base Model 3 loses money
SEC 'probe' takes its toll on Tesla as new research suggests that Tesla loses $6,000 on every $35,000 Model 3
10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC
'Notorious' Australian child hacker thought he had executed 'flawless' hack
The former employee says that Tesla fired him for bringing the accusations to management internally