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Autonomy enjoys 47% increase in sales for the year

Autonomy has announced record annual results, with sales up 47%. Autonomy's software allows systems to form conceptual and contextual understanding...

Autonomy has announced record annual results, with sales up 47%.

Autonomy's software allows systems to form conceptual and contextual understanding of any piece of electronic data, including unstructured information such as e-mail, voice or video data.

The firm posted full-year sales of $503m and earnings per share up 81% when compared to 2007.

Mike Lynch, CEO of Autonomy, said, "The fundamental driver for Autonomy is the explosion of unstructured information. Whilst this switch to unstructured information may take 10 to 15 years, in 2008, we saw two particular aspects of this bigger picture come to the fore."

He said, "The first and most important of these, which affects all industry sectors, are regulatory changes, such as the amendments to the US Federal Rules of Civil Procedure.

"The second of these effects was the increase in regulation and litigation in the financial markets as a result of recent turmoil. As regulators across the world have realised that most of their issues are found in unstructured information, we saw a raft of new regulations come in during 2008."

Other regulations that will help Autonomy's business will come into force over the next two years, said Lynch.

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