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Prices & Quotes - UK Markets - Micro Focus International (MCRO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 534.20p
Change Today:
-7.40p
Market Cap:
1,791.68m
Sector:
Software & Computer Services

Micro Focus surges after signing commercial agreement with AWS

By Michele Maatouk

Date: Wednesday 03 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Micro Focus shares surged on Wednesday after the software company said it had signed a commercial agreement with Amazon Web Services.
The agreement formalises a strategic collaboration to accelerate the modernisation of mainframe applications and workloads of large public and private enterprises to the AWS Cloud.

Micro Focus said it will work with AWS to deploy its technology for customers looking to modernise their "business-critical mainframe applications and workloads to an agile, cloud-based production environment".

The company also said that it has issued warrants to Amazon's investment arm to subscribe for up to 15.92m ordinary shares in Micro Focus at 446.60p each.

Chief executive Stephen Murdoch said: "This important strategic agreement between Micro Focus and AWS combines our technology leadership position in Application Modernisation with the world's most comprehensive and broadly adopted cloud provider.

"The modernisation of mainframe applications and workloads into cloud environments is increasingly becoming an imperative in the digital transformation programmes of large enterprises worldwide, and this collaboration has the potential to drive new customer adoption and growth within our Application Modernisation and Connectivity ("AMC") Product Group for an extended period."

At 0820 GMT, the shares were up 14% at 500.14p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MCRO Market Data

Currency UK Pounds
Price 534.20p
Change Today -7.40p
52 Week High 587.60p
52 Week Low 211.80p
Volume 491,394
Shares Issued 335.40m
Market Cap 1,791.68m
Beta 0.05

Performance Indicators

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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 5
Sell 0
Strong Sell 1
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MCRO Dividends

  Latest Previous
  Final Final
Ex-Div 11-Mar-21 n/a
Paid 15-Apr-21 n/a
Amount 15.50¢ 0.000¢

Trades for 16-Apr-2021

Time Volume / Share Price
16:35 195,939 @ 534.20p
16:29 6 @ 536.00p
16:29 9 @ 536.00p
16:29 9 @ 536.00p
16:29 300 @ 535.40p

MCRO Key Personnel

CEO Stephen Murdoch
CFO Brian McArthur-Muscroft