Autonomy's sales are well down
$14m instead of $24m for Q1
Posted in Business, 6th April 2001 09:49 GMT
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Autonomy has estimated its first quarter sales are going to be way below earlier forecasts.
The company was expected to turnover $24 million, but is now saying revenues will be $14 million to $15 million.
The situation has been put down to large European customers delaying orders in the last two weeks of the quarter, cautious about the state of the economy. Shares plummeted as much as 335 pence on the news. ®
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