Micro Focus reports 10% revenue slide, multibillion-dollar impairment charges, but investors give the thumbs-up

Share price rises after no-surprises 2020 prelims announced, CEO says 3-year turnaround doing OK

Investors hate surprises. There were, however, no hidden nasties in Micro Focus's preliminary financial results for fiscal 2020 outlined today as the collection of fragmented legacy software assets crossed off year one of its 36-month turnaround strategy....