Cambridge UK based software company
Autonomy saw annual pre-tax profit rise 62
per cent after a strong quarter selling software to finance companies, telcos
and government agencies.
Autonomy’s software enables companies to search unstructured information such
as emails, Word documents and telephone call recordings to aid the preparation
of court cases.
The company reported total fourth quarter revenue of $115m (£58m), up 57 per
cent from $73m (£37m) for the same period of 2006. Full year revenue totalled
$343m (£172m), up 37 per cent from $251m (£126m) the year before.
Pre-tax profit for the fourth quarter also rose, to $32.9m (£16.5m) from
$21.8m (£10.9m). And full year 2007 pre-tax profit was $91.4m (£45.8m) compared
with $56.3m (£28.2m) for 2006.
Major Autonomy customer wins in the fourth quarter included KPMG, China
Mobile and Lloyds TSB.
New and repeat business came from government, defence and intelligence
agencies around the globe including the US Air Force, NASA, the International
Atomic Energy Agency and the World Trade Organisation.
Repeat business from existing customers accounted for approximately 45 per
cent of Autonomy’s quarterly revenue.
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