Autonomy sees results ahead of estimates

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Date: Monday 07 Jul 2008

LONDON (ShareCast) - Information access technology firm Autonomy said it expects to report second quarter results for 2008 that are significantly ahead of estimates.

"Autonomy Corporation..expects to report record second quarter 2008 results, with revenues and earnings per share (adjusted) significantly ahead of consensus estimates," it said.

Revenues are expected to be between $122m and $125m versus analyst consensus revenue estimates of $118m

The adjusted EPS is between 15.3 cents and 16.2 cents versus analyst consensus EPS estimates of 12.9 cents.

"We are pleased to see such strong trading in our business, with success across the broad spectrum of the application of our IDOL technology," said CEO Mike Lynch.

"We have achieved these results without recognizing any significant revenues from our recently announced large banking deals," he added.

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