Autonomy boosts profits by 17%

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Autonomy boosts profits by 17%

Kathleen Hall

Software developer Autonomy saw end of year profits climb by 17%, up from $323m (£199m) in 2009. Sales were also up by 18% from $740m in 2009.

Mike Lynch, Group CEO of Autonomy, singled out smartphone applications in customer interaction, legal and regulatory areas as a result of smart phone technology as 'leading the way' for the company in 2010.

Autonomy continues to be chosen to handle the world's most complex legal cases and regulatory issues, for both corporates and regulators, including the largest lawsuits in the world such as BP, he said.

"Unlike others in the sector, Autonomy's business thrived during the downturn, resulting in Autonomy reporting growth on growth unlike others, who are now seeing growth as a return to normal levels," added Lynch.

The company also said customers were moving to private clouds 'faster than expected'. The company reported a cloud revenue increase of 22%.

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