ANALYST VIEWS: HOW GOOD ARE AUTONOMY’S LATEST RESULTS?

 
Steve Dinneen
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GEORGE O’CONNOR | PANMURE GORDON

Autonomy has delivered second quarter results ahead of our expectations, and the outlook statement is better than we hoped. Again, cloud is the highlight of the results – with 17 per cent growth and ‘commit’ up 27 per cent to £267m.

MICHAEL BRIEST | UBS

Cost-cutting at the acquisition is running ahead of plan and profitability in the fourth quarter should show upside versus current expectations and continuing improvement in prospects for 2012. Aurasma take-up has been strong with over 1m downloads in its pre-revenue period and most R&D costs sunk to-date.

MILAN RADIA | JEFFERIES

The relatively positive tone of Q&A in the analyst call confirms that suspicions with respect to accounting issues have faded. The scene is set for the premium organic growth rate to unfold into a premium rating, which we believe to be entirely warranted