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Share Name Share Symbol Market Type Share ISIN Share Description
Micro Focus International Plc LSE:MCRO London Ordinary Share GB00BJ1F4N75 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.90 2.25% 495.20 495.10 495.20 497.60 480.00 480.00 988,935 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 2,317.7 -2,270.9 -683.2 - 1,660

Micro Focus Signs Commercial Agreement With Amazon Web Services

03/03/2021 7:55am

Dow Jones News


Micro Focus (LSE:MCRO)
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   By Adria Calatayud 
 

Micro Focus International PLC said Wednesday that it has signed a commercial agreement with Amazon.com Inc.'s cloud arm, Amazon Web Services.

Under the agreement, AWS and Micro Focus will work together to deploy Micro Focus's technology for customers moving applications and workloads to a cloud-based production environment, the U.K. software group said.

Micro Focus said it has issued warrants to Amazon NV Investment Holdings LLC to subscribe for up to 15.9 million shares in Micro Focus at 446.60 pence each as part of the agreement. The vesting of the warrants depends on the level of software revenue generated by AWS for Micro Focus under the agreement and full vesting requires the deal to deliver a material benefit to both companies' revenues, the U.K. company said.

Micro Focus shares closed at 438.60 pence on Tuesday.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

March 03, 2021 02:40 ET (07:40 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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