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.
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