FY23 Business Outlook
Exceptional items (included within operating profit)
HPE integration-related costs totalled
$136m with the majority relating to the IT
platform. No more exceptional costs are
expected in relation to this programme.
Other exceptional spend of $111m, include
the cost of settling the Wapp patent
infringement case.
We announced the objective to remove a
further c.$400m to c.$500m of gross
annualised operating costs during FY22 and
FY23.
As a result, exceptional spend in relation to
delivering these plans is expected to total
$200m over the next two financial periods.
$m
MICRO®
FOCUS
System and IT infrastructure costs
Integration, severance and property costs
MF/HPE integration-related costs
Legal settlement and associated costs
Other restructuring property costs, severance and
legal, acquisition and divesture costs
Impairment charge
Total exceptional costs
Cash cost of exceptional spend above
Tax deductions in relation to this spend
EU State Aid
Total cash cost of exceptional spend
FY 21
FY 20
98
101
38
84
136
185
75
36
28
-
2,799
247
3,012
243
191
(54)
(42)
47
236
149
MICRO®
FOCUSView entire presentation