Autonomy revenues up 203 per cent in record first quarter
Autonomy Corporation, the Cambridge based infrastructure software specialist, has posted the highest first quarter results in the company’s history.Autonomy Corporation, the Cambridge based infrastructure software specialist, has posted the highest first quarter results in the company’s history.
The record quarterly revenue was up 203 per cent year-on-year to £31.5m – driven by a combination of strong organic growth and recent acquisitions – while pre tax profit was 134 ahead at £5.78m.
Blue chip first quarter wins included KPMG, BBC, Peugeot, Ticketmaster, Xerox, Standard Life, Linklaters, Metropolitan Police, Cadence, Caterpillar, GlaxoSmithKline, Bell South and Sprint.
Autonomy also made sales to multiple government, defence and intelligence agencies around the globe – including the UK and United States.
The company also reported a strong start to its Chinese consumer operation and CEO Dr Mike Lynch said Autonomy had already jumped into number one spot for the Chinese video search market.
It was Autonomy’s 12th consecutive quarter of year-on-year growth and left the company with cash balances of £51m. Dr Lynch said he expected further global growth and felt the business was in an exceptionally strong position for 2006 and beyond.