Micro Focus International plc provided revenue guidance for the year ending 31 October 2020. In February 2020, the Group set out the findings of the Strategic and Operational review, which informed the Company's plan to stabilize revenues by fiscal year 2023. This plan included a transformation of Go-to-Market function and a transition of elements of the portfolio to a SaaS or subscription offering, both of which would have an adverse impact on revenue in the current financial year. As a result, the Group anticipated a decline in revenues of between minus 6% to minus 8% for the 12 months ending 31 October 2020.