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.
The company – which makes software to help companies search data across phone calls, email, videos and instant messages – said it anticipated reporting revenues of between $191m (£119m) and $193m, ahead of the consensus estimate of $183m.
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.
Chief executive Mike Lynch said the company had benefited from more of its anticipated second-half revenues falling in the third quarter than expected.
“We experienced less of the seasonal weakness which was a risk at the onset of the quarter,” he said.