Autonomy tops £2 billion market cap as it forecasts another record quarter ahead
Autonomy Corporation plc (AU.L) said it expects to report record second quarter 2008 results, with revenues and earnings per share "significantly ahead" of consensus estimates.
The Cambridge-HQed global plyer in infrastructure software for the enterprise said revenues were expected to be between $122m and $125m, compared to analyst consensus revenue estimates of $118m.
It said adjusted earnings per share would be between 15.3 cents and 16.2 cents, while analyst consensus was for 12.9 cents.
CEO Mike Lynch said there was "strong trading" across "the broad spectrum of the application of our IDOL been achieved without recognizing revenues from recently announced large technology".
He said the results had banking deals.
The company said in a separate statement to the London Stock Exchange that it has signed a deal with Fox Entertainment Group for the license of Autonomy software.
News Corporation's Fox Entertainment Group owns film studios and terrestrial, cable, and direct broadcast satellite television properties.
Autonomy's share price was up 5p to 969.5p in early trading. The largest listed company headquartered in the Cambridge cluster of high tech companies is now valued at £2.08 billion.
