Feeds

Autonomy shares drop despite solid results

Punished for missed targets

Protecting users from Firesheep and other Sidejacking attacks with SSL

Autonomy saw its shares drop more than ten per cent on results for the first quarter, showing good revenue growth but slightly weaker than expected profits.

The Cambridge company made revenues of $105.1m, up 61 per cent on a year ago, and a net profit of $16.4m, up 60 per cent, for the first quarter ended 31 March 2008. Analysts were expecting nearer to $20m in net profit.

Repeat business from existing customers provided 45 per cent of revenue.

Shares fell 108p to 881p, or just less than 11 per cent in a falling market.

Chief executive Mike Lynch said the company was not changing guidance for the year and that the sub-prime crisis was "a net positive for our business".

He said there had been a move from general IT spending to regulatory and litigation-related purchases as a result of international problems.

Looking forward, Lynch said the company would review its prospects "if, as expected, current strength continues". ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.