Micro Focus International plc (LON:MCRO) financial results, for the year ended October 31, mark the completion of the first of three transition years.
The UK technology and IT firm previously launched a turnaround plan which aims to improve operational effectiveness and “evolve” its businesses.
The company highlighted that revenue decline moderated during the period, to around 11% in the first half and 9% in the second. It generated a total of US$3bn of revenue for the full year.
Earnings (adjusted EBITDA) was reported at US$1.2bn, with 39% margin. It meanwhile took a US$2.79 impairment for the year.
Some US$1.1bn of cash was generated from operating activities.
Micro Focus has decided to reinstate its dividend, with a 15.5p per share final dividend payment now proposed.
"We are now 12 months into our three-year turnaround plan and whilst there remains a great deal to do, we have made solid progress in delivery of our key strategic objectives and improvements in operational effectiveness,” said chief executive Stephen Murdoch.
In London, Micro Focus shares climbed 1.69% in early deals to change hands at 500p.