{"id":12120,"date":"2018-03-19T12:52:21","date_gmt":"2018-03-19T11:52:21","guid":{"rendered":"http:\/\/www.devopsonline.co.uk\/?p=12120"},"modified":"2018-03-19T14:30:23","modified_gmt":"2018-03-19T13:30:23","slug":"micro-focus-revenues-decline-ceo-resigns","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/micro-focus-revenues-decline-ceo-resigns\/","title":{"rendered":"Micro Focus revenues decline as CEO resigns"},"content":{"rendered":"

This morning, it was announced that Micro Focus International’s shares have fallen by 55% since its chief executive\u00a0resigned.<\/p>\n

Micro Focus noted that its\u00a0former HPE executive and boss, Chris Hsu, had decided to retire immediately “in order to spend more time with his family and pursue another opportunity”.<\/p>\n

Micro Focus wrote in a statement: “Since the interim results on 8 January 2018, the rate of year-on-year revenue decline has been greater than anticipated.<\/p>\n

“The recent revenue performance is primarily due to lower than expected license income and is a result of a number of factors, which management believe to be largely one-off transitional effects of the combination with HPE software.”<\/p>\n

The UK tech giant’s issues have also stemmed since it purchased Hewlett Packard Enterprise for \u00a36.8billion.<\/p>\n

Written by Leah Alger<\/p>\n","protected":false},"excerpt":{"rendered":"

This morning, it was announced that Micro Focus International’s shares have fallen by 55% <\/p>\n","protected":false},"author":12,"featured_media":12121,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pmpro_default_level":"","footnotes":""},"categories":[1351],"tags":[540,539,348,2610,1318,2609],"yoast_head":"\nMicro Focus International's value halves over lack of revenue<\/title>\n<meta name=\"description\" content=\"Micro Focus International's value halves by over 55 percent because of lack of revenue and since its chief executive Chris Hsu\u00a0resigned\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/devopsnews.online\/micro-focus-revenues-decline-ceo-resigns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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