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Autonomy bounces back with robust set of results

first_img whatsapp KCS-content Share AUTONOMY staged a partial recovery yesterday after its disastrous profit warning earlier this month – which sent its shares falling 17 per cent – an update it now describes as “conservative”.The software giant, which enables searches of information including emails, phone conversations, documents and video, posted third quarter pre-tax profit of $86.3m (£55m), a year-on-year hike of 34 per cent.It also reported a 10 per cent rise in revenue to $211m, which comes in at the top of its own guidance.Two weeks ago it warned its 2011 revenues could be as much as three per cent lower than estimates, sending its shares into free-fall.But yesterday chief executive Mike Lynch said: “Given this update it may seem very conservative to have previously changed our outlook for the fourth quarter, but we felt it was safer. We are confident in maintaining our view of the outlook for demand and expect to continue to deliver good earnings per share growth in 2011, with upside to current market consensus.”Analysts reacted warily to the update yesterday, with Evolution’s Roger Phillips saying the announcement “makes little sense”. Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼center_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Autonomy bounces back with robust set of results Tuesday 19 October 2010 7:53 pm whatsapplast_img

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