Infrastructure software specialist Autonomy has posted solid
results for the third quarter.
It saw sales for the third quarter reach $127.1m, up 42%, and
gross profits for the quarter were $117.3m, up 53%.
Mike Lynch, group CEO of Autonomy, said, "We are pleased to
announce our record-breaking third quarter, which is significantly
ahead of consensus estimates and above the top end of the
range.
"The strength in trading was such that the usual Q3 seasonal
weakness was not evident, resulting in exceptional
quarter-on-quarter revenue, profit and operating margin growth. The
business delivered accelerating organic growth during the third
quarter, with significant regulatory-driven demand across all
sectors."
Despite the global downturn, Lynch said, "Although still
maintaining a cautious approach and monitoring the situation
closely, we see a number of business opportunities moving into
2009, which give us confidence in the outlook."
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