Micro Focus International - Re: MCRO Stream Log - "RedHat had a decent print...

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Re: MCRO Stream Log
10:12 23/06/2016
Simbrad
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"RedHat had a decent print with its Q1 ahead of consensus after the US close last night; however, a 1% FY EPS reduction resulted in a share price down c5%. Despite the share price over-reaction, the news is of interest to Micro Focus shareholders as SUSE (the other Linux distribution, which competes with Red Hat) is benefitting from the same demand side driver – ie the secular growth in open source software usage. At some stage Kevin Loosemore, CEO Micro Focus, will ‘do something’ with SUSE – a big cUS$1bn payday for shareholders." Panmure note out this morning on research tree

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