Autonomy yesterday underlined its position as one of Britain's fastest growing technology companies by once again beating analyst growth forecasts. Revenues for the three months to June 30 jumped 51% compared with the previous quarter to $14.6m (£9.7m), while pre-tax profits soared from $440,000 to $5.1m. Margins slipped slightly from 93% to 90%. PepsiCo, Deutsche Bank and Compaq Computers were among new clients won during that period.
Chief executive Mike Lynch (pictured above) warned that Autonomy could not afford to slow. "This market is all about speed of opportunity, and the sort of technological transformation we are witnessing is only going to happen once."
The Nasdaq and Easdaq-listed firm produces software that automatically makes sense of unstructured data. It recently bought Cambridge-based voice recognition firm SoftSound. Analysts believe further acquisitions are likely after the appointment of Deutsche Bank financier Vatche Kalaidjian as new business development manager.
Photograph: Garry Weaser