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City turns up nose at Autonomy's cautious optimism

Shares slide on Q2 numbers

Autonomy shares bombed more than 10 per cent this morning, after the software firm reported its second quarter results.

The Cambridge-based company, which provides search data software, posted Q2 revenue today that it said was in line with expectations with earnings slightly up on that forecast.

It reported revenue of $195.2m, compared to $125.65m for the same period a year earlier. It said adjusted diluted earnings per share of $0.26 were up 10 cents for the three months ended 30 June compared to the same quarter last year. Pre-tax profits were $50.39m compared to last year's $30.5m.

Autonomy said deferred revenue stood at $170.2m at the end of the quarter, up on Q1's figures.

"[The] company continues to perform well in uncertain times... Strong growth continues reaffirming our view of the full year," said the firm in a statement adding it was "cautiously optimistic."

However, cautious optimism doesn't really do it for the City, and at time of writing, Autonomy shares tanked 10.85 per cent at 144.00 pence per share. ®

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