views

Autonomy set to beat expectations once again

SOFTWARE firm Autonomy said yesterday that it expects to report third-quarter results ahead of market expectations after seeing significant demand for its products.<br /><br />The company &ndash; which makes software to help companies search data across phone calls, email, videos and instant messages &ndash; said it anticipated reporting revenues of between $191m (&pound;119m) and $193m, ahead of the consensus estimate of $183m.<br /><br />The Cambridge-based group said it expected to report underlying earnings per share of between 20 and 23 cents, compared with a company-supplied consensus of 19.8 cents.<br /><br />Chief executive Mike Lynch said the company had benefited from more of its anticipated second-half revenues falling in the third quarter than expected.<br /><br />&ldquo;We experienced less of the seasonal weakness which was a risk at the onset of the quarter,&rdquo; he said.<br />