Micro Focus International PLC (LSE:MCRO) was the fund’s top individual contributor for the quarter. Micro Focus, a UK-based software and IT business, significantly beat earnings expectations during the quarter. In addition, integration of its 2014 acquisition of US-based Attachmate is ahead of plan, adding to earnings. The high-growth SUSE business, a computer operating system acquired as part of the Attachmate deal, is doing well and will likely be spun off over the next 12-18 months.
From Invesco European Growth Fund (Trades, Portfolio)'s fourth quarter 2015 performance commentary.
