People In Business United Kingdom 2
Micro Focus International appoints Lawton Wehle Fitt as director 18 October 2017
NEWS BITES - PEOPLE IN BUSINESS
Micro Focus International has appointed Lawton Wehle Fitt as Non-Executive Director. The appointment takes effect from Oct 17, 2017.
SECTION 1 BIOGRAPHY LAWTON WEHLE FITT, NON-EXECUTIVE DIRECTOR
Lawton currently serves on the boards of Ciena Corporation, The Progressive Corporation and The Carlyle Group. She was previously a non-executive director at ARM plc and Thomson Reuters. Lawton worked at Goldman Sachs & Co. for over 23 years, with roles in the bank's investment banking, equities and asset management divisions. Lawton graduated from Brown University and has an MBA from the Darden School of the University of Virginia.
SECTION 2 MICRO FOCUS INTERNATIONAL PLC PRICE PERFORMANCE SCORECARD (United Kingdom:MCRO):
+ Micro Focus International PLC is placed 827/1,304 in the BSS News Bites ranking of price performance of the United Kingdom stocks in the past year, a percentile ranking of 36.
2.1 MCap History:
In the past 5 years Market Capitalization has increased by GBX9.7 billion from GBX933.3 million to GBX10.6 billion. Based on a dynamic start date of 5 years ago, there has been no decline in MCap over the last 5 years.
|Price||MCap (GBP B)||MCap (US$ B)|
|1 Year ago||GBX2,302.66||5||6.1|
|2 Years ago||GBX1,222.22||2.6||4|
|3 Years ago||GBX1,009.69||1.4||2.3|
|4 Years ago||GBX780.87||1.2||1.9|
|5 Years ago||GBX533.74||0.9||1.5|
2.2 Moving Annual Return (Trailing 12 months):
Based on a dynamic start date of 3 years ago, the Moving Annual Return has consistently exceeded 10.0%.
|MCRO||Close||Dividends||Capital Gain %||% Yield||Annual Return %|
|Last Traded Oct 18||GBX2,461.0||GBX73.85||6.9||3.2||10.1|
|1 Year ago||GBX2,301.61||GBX53.41||88.3||4.4||92.7|
|2 Years ago||GBX1,222.22||GBX103.73||22||10.4||32.3|
Close 3 years ago GBX1,002.12.
2.3 Present Value of GBX1000 invested in the past
The present value of GBX1000 invested a year ago is GBX1,093
|FTSE 100 Index||1,001||1,032||1,082|
2.4 Trailing Price Change %
1-Year price change for Micro Focus International was 6.9%. Compared with the FTSE 100 Index which rose 7.8% in the year, the relative price change was -0.9%.
|Price Change %||1-Month||3-Month||1-Year|
|Software & computer services sector||0.6||5.5||6.0|
|FTSE 100 Index||4.1||2.1||7.8|
SECTION 3 MICRO FOCUS INTERNATIONAL PLC FINANCIALS AND GROWTH PERFORMANCE SCORECARD (United Kingdom:MCRO):
3.1 Key Financials (All figures percent)
Return on Equity deteriorated from 10.2% in 2016 to 9.8% in 2017, Operating Margin deteriorated from 23.6% in 2016 to 21.2% in 2017, EPS Growth deteriorated from 30.7% in 2016 to -7.5% in 2017 and Revenue Growth deteriorated from 49.2% in 2016 to 10.9% in 2017.
|MCRO||Revenue Growth||EPS Growth||Operating Margin||ROE|
+ Earnings per share growth rate has shown signs of deterioration in recent years. [Year ended, all figures in %]
|Year||Revenue Growth||EPS Growth||EBITDA Growth|
3.3 Revenue and Net Profit
In the last 3 years Compound Annual Growth Rate (CAGR) averaged 47.2% for Total Revenue and 9.0% for Net Profit.
|Description||Annual ($US M)||3-year Avg ($US M)||3-year CAGR %|
CAGR = Compound Annual Growth Rate
3.4 Performance (All figures in %)
Operating Profit Margin 3-year average is 20.8% and Return on Equity 3-year average is 9.3%.
|Operating Profit Margin||21.2||20.8|
|Net Profit Margin||11.4||12.2|
|Return on Equity||9.8||9.3|
|Return on Assets||3.4||3.1|
|Return on Capital Employed||7.9||6.8|
3.5 High Performance Indicator:
|Description||Value||Rank In United Kingdom Market|
|Turnover in Quarter||GBP4.1 billion (US$5.5 billion)||In Top 2%|
SECTION 4 MICRO FOCUS INTERNATIONAL PLC MARKET POSITION AND GLOBAL RANK (United Kingdom:MCRO):
4.1 Market Position
Micro Focus International PLC (L:MCRO), the United Kingdom's largest Software & Computer Services company by market cap, increased GBX133.34 (or 5.8%) in the trailing 12 months to October 17, 2017 to close at GBX2,436.0. Compared with the FTSE 100 Index which has risen 8.6% over the same period, this is a relative price change of -2.9%. Average daily volume of 1.4 million shares in the trailing year was 1.7 times average daily volume in the previous year. In the trailing 12 months the market cap has jumped GBP55.6 million (US$73.9 million).
4.2 Global Rank
Rank in the FTSE 100 Index [out of 101 stocks]
|Total Assets (US$)||4.6B||84|
|Net Profit (US$)||157.9M||81|
|Return on Equity %||9.8||60|
|Net Profit Margin %||11.4||40|
|PV$1000 (1Year) US$*||1,191||63|
|% Change YTD||8.2||49|
Oct 17, 2017: GBP 1 equals USD 1.3283
SECTION 5 OTHER DIRECTORS OF MICRO FOCUS INTERNATIONAL PLC
Stephen Murdoch, Chief Executive Officer
Kevin Loosemore, Executive Chairman
Mike Phillips, Chief Financial Officer
Richard Atkins, Independent Non-Executive Director
Amanda Brown, Independent Non-Executive Director
Silke Scheiber, Independent Non-Executive Director
Darren Roos, Independent Non-Executive Director
Lawton Wehle Fitt, Non-Executive Director
Jane Smithard, Company Secretary
SECTION 6 MICRO FOCUS INTERNATIONAL PLC ACTIVITIES
Micro Focus International plc provides enterprise application management solutions worldwide. The company offers software that allows companies to develop, test, deploy, assess, and modernize business-critical enterprise applications. Its product portfolio includes i.Sight, an application portfolio management and analysis tool that enable strategic planning, and application overhaul and modernization; Caliber, a software requirements definition and management tool, which is used to drive the development and testing of applications to the exact and changing needs of end users; and Rumba, a terminal emulation and user interface modernization tool that streamlines and modernizes key business processes. The company also offers Enterprise, a platform modernization tool, which modernizes application portfolios and platforms; and StarTeam, a software change and configuration management tool that tracks changes across the software development lifecycle. In addition, it provides VisiBroker, a CORBA middleware and application server; Micro Focus Developer COBOL and software developer tools to modernize business-critical enterprise applications; and Silk software test management, test automation, and performance testing suite. Further, the company offers professional services comprising value profile day services; test process, portfolio, language, platform, and resource modernization services; test data management; value assurance; health check; software process improvement; field development solutions; and education and training services. Micro Focus International plc was founded in 1976 and is headquartered in Newbury, the United Kingdom.
SECTION 7 RECENT NEWS ON DIRECTORS
7.1 SHAREHOLDER VALUE ADDED BY DIRECTORS
07 September 2017
Mike Phillips starts eighth year as Micro Focus International CFO
Mike Phillips was appointed CFO of Micro Focus International (L:MCRO) seven years ago on September 07, 2010. In the last 1 years the average annualized return to shareholders was 10.1%. The present value of GBP1,000 (PV1000) invested 1 years ago is now GBP1,101, a gain of GBP66 and dividend reinvested of GBP35.
01 July 2017
Amanda Brown starts second year as Micro Focus International Independent Non-Executive Director
Amanda Brown was appointed Independent Non-Executive Director of Micro Focus International (L:MCRO) one year ago on July 01, 2016. The shares were up from GBX1,580.9 to GBX2,271.0 and the total annualized return to shareholders (TRS) since appointment is 48.1%. The present value of GBP1,000 (PV1000) invested on the appointment date is now worth GBP1,481, a gain of GBP437 and dividend reinvested of GBP45.
7.2 RECENT REPORTED BUYING
19 July 2017
Micro Focus International chairman Kevin Loosemore buys
Micro Focus International (L:MCRO) Executive Chairman Kevin Loosemore bought 49,000 shares worth GBP1,063,594 ($US1,388,735) on July 18. The purchase price was GBP21.71.
7.3 UPDATED DIRECTOR PROFILES
16 August 2017
Kevin Loosemore - Micro Focus International updates chairman's profile
Micro Focus International recently released their Annual Report. The updated profile of Kevin Loosemore, Executive Chairman is shown below.Kevin is our Executive Chairman and a member of the Micro Focus board. He was appointed non-executive Chairman of Micro Focus in 2005 and Executive Chairman in April 2011.Kevin was previously non-executive Chairman of Morse plc, a non-executive director of Nationwide Building Society and a non-executive director of the Big Food Group plc. His most recent executive roles were as Chief Operating Officer of Cable & Wireless plc, President of Motorola Europe, Middle East and Africa and before that, he was Chief Executive of IBM U.K. Limited.He has a degree in politics and economics from Oxford University.
16 August 2017
Richard Atkins - Micro Focus International updates director's profile
Micro Focus International recently released their Annual Report. The updated profile of Richard Atkins, Independent Non-Executive Director is shown below.Richard is Chairman of Acora, an IT Services outsourcing company; Entanet International, a wholesale voice and data communications company; and Miles 33, a publishing software company. He is also a non-executive director at Aon, the U.K.'s largest insurance broker.He has spent the majority of his career within the IT industry. Previously, he was a Director at Data Sciences where he led its leveraged buyout from Thorn EMI in 1991 and then managed its successful sale to IBM in 1996. His final role at IBM was as General Manager for IBM Global Services Northern Europe where he was also a member of the IBM worldwide senior leadership team. Since leaving IBM in 2005 he has acted as a non-executive director for several companies including Compel, Message Labs, Global Crossing, Morse and Easynet. Richard qualified as a Chartered Accountant with Ernst & Young.
16 August 2017
Silke Scheiber - Micro Focus International updates director's profile
Micro Focus International recently released their Annual Report. The updated profile of Silke Scheiber (2017), Independent Non-Executive Director is shown below.Silke was an investment professional at Kohlberg Kravis Roberts & Co. Partners LLP, London, UK from July 1999 and became a member in 2012. She retired from KKR in 2015. Prior to KKR, Silke worked at Goldman, Sachs & Company oHG, Frankfurt, Germany from 1996 to 1999. Silke, who is Austrian, graduated from the University of St. Gallen, Switzerland. Silke is a director of CNH Industrial N.V., the Netherlands and Jungbunzlauer Holding AG, Basel, Switzerland.
16 August 2017
Mike Phillips - Micro Focus International updates CFO's profile
Micro Focus International recently released their Annual Report. The updated profile of Mike Phillips, CFO is shown below.Mike joined Micro Focus on 7 September 2010 and started fulltime with the company on 4 October 2010. He has more than 10 years experience in financial leadership roles at publicly listed international technology corporations. Most recently, he was CEO at Morse plc, following his initial role as Group Finance Director. Mike left in July 2010 following the successful corporate sale to 2e2 in June 2010.From 1998 to 2007, Mike was Group Finance Director at Microgen plc where he was responsible for the execution of the company's M&A activity, internal and external financial reporting, investor relations and corporate finance. During his time at Microgen, Mike played a lead role in the transformation of the company to an international IT services business with sustainable and profitable growth.Earlier roles include seven years corporate finance work at Smith & Williamson, as well as two years at PricewaterhouseCoopers where he led the UK technology team, reporting to the global Head of Corporate Finance for the Technology Sector. Mike began his career at Peat Marwick Mitchell & Co (now KPMG).
16 August 2017
Amanda Brown - Micro Focus International updates director's profile
Micro Focus International recently released their Annual Report. The updated profile of Amanda Brown, Independent Non-Executive Director is shown below.Amanda is currently Group Human Resources Director at Hiscox Ltd, a FTSE 250 business and specialist insurer with offices in 14 countries.Amanda has more than 20 years of international HR experience in a variety of industries, including consumer goods, leisure, hospitality, and financial services. Prior to Hiscox, Amanda held a number of leadership roles with Mars, PepsiCo, and Whitbread plc. She has expertise in human resources, remuneration strategy, and managing organizations through periods of significant change.
16 August 2017
Stephen Murdoch - Micro Focus International updates CEO's profile
Micro Focus International recently released their Annual Report. The updated profile of Stephen Murdoch (2017), CEO is shown below.Stephen is currently our Chief Executive Officer, Micro Focus and a member of the Micro Focus board, positions he has held since 1 February 2016. Before his appointment as CEO, Micro Focus Stephen served as General Manager of Products and Marketing Strategy from November 2012 to April 2014 and then as Chief Operating Officer from April 2014 to February 2016.Stephen has a 25-year track record of success in the IT industry, spanning hardware, software, and services. He has held senior executive positions in general management, sales, and strategy with IBM and Dell. Most recently, he was the General Manager of Europe, Middle East, & Africa for Dell's Public Sector and Large Commercial Enterprise business unit.
16 August 2017
Darren Roos - Micro Focus International updates director's profile
Micro Focus International recently released their Annual Report. The updated profile of Darren Roos (2017), Independent Non-Executive Director is shown below.Darren is a technology leader who has spent nearly 20 years building businesses worldwide. Darren spent nine years with Software AG and served on its board. Over the past three years with SAP he has been responsible for the SAP Northern European business. Darren is currently the President of SAP's S/4HANA ERP Cloud business, where he guides SAP's customers on their journey to innovation through digital transformation.