On January 9, 2018, Micro Focus’ stock plummeted more than 15 percent, just four months after its takeover of HP Enterprise’s software business. The sharp decline prompted a response from longtime shareholder Richard Holway on TechMarketView. According to Holway, “concerns, both in recent performance and outlook, centred on the lack of revenue growth.” But revenue growth is not a primary objective for the company, Holway notes. Instead, Micro Focus’s stated objective is increasing shareholder returns by cutting operating costs. The strategy didn’t take off right away: less than three months later, on March 17, shares declined by more than 50 percent after the software experienced technical problems and longtime CEO Chris Hsu announced his resignation.