|Bid||3.3600 x 2200|
|Ask||3.3700 x 1800|
|Day's range||3.2900 - 3.3800|
|52-week range||3.2900 - 6.5800|
|Beta (5Y monthly)||2.35|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.29 (8.64%)|
|Ex-dividend date||10 Mar 2022|
|1y target est||6.80|
The enterprise software company's declining revenue spooked some investors, but its free cash flow is looking good.
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.
In a moment, I will hand over to Stephen and Matt to provide a short presentation of our performance in the period. For those participating by phone, the webcast and the slides can be accessed on the Micro Focus investor relations website.