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The 10 Most Controversial Companies Of 2018 (So Far)

Businesses sometimes find themselves in the news for the wrong reasons. Here are 10 companies that have made headlines this year – but not in a good way.

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9. Micro Focus

There was such promise last September when the new Micro Focus launched after completing its $8.8 billion merger with Hewlett Packard Enterprises' software business, creating what executives said was the world's seventh largest pure-play software company. But realizing the company's potential is taking longer than expected.

The first indication of difficulties came in March when CEO Chris Hsu departed after just six months on the job. At the time, the company acknowledged that it was projecting lower revenue growth for its fiscal year.

In July, it became clear that pulling together the Micro Focus and HPE Software business components was proving to be a bigger challenge than anticipated. Micro Focus reported that for the first six months of its fiscal 2018 (ended April 30), pro forma revenue at constant currency declined 8 percent to $1.97 billion compared to revenue of $2.15 billion in the same period in fiscal 2017.

"Due to initial challenges in the integration of the HPE Software assets, we believe that we are running approximately one year behind our original plan and, as communicated in March, we expect that on exiting the current financial year revenues will be substantially lower than anticipated at the time of the transaction," said Kevin Loosemore, Micro Focus executive chairman.

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