Autonomy beats the Street
Strong fourth quarter
Search specialist Autonomy saw its shares rise slightly today after posting good results for the fourth quarter.
The Cambridge-based company made revenues of $31.6m for the three months ended December 31, 2005, compared to $18.7m for the last three months of 2004. It made a net profit of $6.04m, compared with $2.9m in the last three months of 2004
Adjusted gross profits for the full financial year were $90.1m, an increase of 46 per cent on the $61.8m the company made in 2004. Autonomy made revenues of $96m in the year ended 31 December 2005. Gross margins fell slightly from 95 per cent in the last quarter of 2004 to 92 per cent in the last quarter of 2005.
Group CEO Mike Lynch said the results were impressive, especially as the company had integrated two acquisitions - etalk and Verity. He said the integration of Verity is almost complete, and "we are looking forward to 2006 with great excitement and confidence in our long-term outlook".
More details on Autonomy's website here. ®