Micro Focus
Investors in software companies have been counting their blessings during the Covid-19 chaos. Many developers have sailed through the pandemic with their valuations greatly enhanced (Simon Duke writes).
The stock market has attached dizzy premiums to Zoom, Netflix and other providers that help us to work and stay amused while stuck at home. Little wonder that the Dow Jones software index has risen by nearly a third since January.
Micro Focus, the former FTSE 100 software group, should be feeling the glow surrounding its US-listed brethren. The company helps to prolong the life of the software used by banks, retailers and others to run their back-office systems. Indeed, this new mood of corporate austerity would appear tailor-made for Micro Focus. Won’t customers want