Micro Focus International plc (MFGP) Q1 2022 Earnings Call Transcript

Looking beyond the headline figures, there is clear evidence in the underlying portfolios that our efforts to grow in key areas and improve levels of high-quality recurring source and subscription revenue are gaining traction. Maintenance revenues remain a critical priority, and while we still have much to do, our actions are beginning to deliver results with the rate of decline improving by approximately 2ppt from the FY21 exit run rate.