Autonomy says 1st-quarter profit more than doubled - International Herald Tribune
LONDON: Britain's Autonomy Corp., a maker of software to track computer data, said Wednesday that first-quarter profit more than doubled after the company won new business.
Net income rose to US$11 million (€8.1 million) in the three months through March 31, from US$4.8 million in the same period a year earlier, the company said in a statement. Sales gained 17 percent to US$65.5 million (€48.2 million).
"The combination of strong organic revenue growth and operational gearing ... resulted in continued growth in operating margins and bottom line profitability," Chief Executive Mike Lynch said.
Autonomy's customers include BAE Systems PLC, Ford Motor Co. and Nestle SA.
Shares in the company surged 9.2 percent to 763 pence (US$15.26; €12.34) on the London Stock Exchange.
The Associated Press Published: April 25, 2007
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