Quarterly figures. Particularly impressive gross margin (93%)....
biz.yahoo.com
Autonomy Corporation plc (NASDAQ: AUTN, EASDAQ: AUTN) Autonomy today announced first quarter revenue of $11.7 million, up 244% from the first quarter of 1999 and up 63% from the fourth quarter of 1999. US revenues totaling $6.5 million were 56% of total first quarter revenues, up 550% from the first quarter of 1999 and 76% from the fourth quarter of 1999.
First quarter gross margins increased to 93% compared to 81% in the first quarter of 1999 and 92% in the fourth quarter of 1999. Gross profits increased 65% to $10.9 million, up 296% from the first quarter in 1999 and from $6.6 million in the fourth quarter of 1999. The increase over all prior periods reflects the increase of software sales as a percentage of the revenue mix.
The Company moved into profitability this quarter, with net income at $346,000, compared to a net loss of $1.4 million in the first quarter of 1999 and a net loss of $921,000 in the fourth quarter of 1999. First quarter basic and diluted earnings per share were $0.01, compared to a net loss of $0.02 per basic share in the first quarter of 1999 and a net loss of $0.03 per basic share in the fourth quarter of 1999.
Dr. Mike Lynch, CEO of Autonomy, commented: ``The first quarter of 2000 saw an exceptionally strong performance from Autonomy. We moved into profitability and saw excellent revenue growth across all markets. Our operations continue to expand globally, fuelled by OEM and partnership agreements. We saw strong growth in the US, where we were particularly pleased to have signed General Motors as a global enterprise customer. Having moved into the region towards the end of last year, our Asia Pacific operations also generated initial revenues during the period.
At the same time, we are delighted that, on May 9 2000, Autonomy successfully completed an listing of 2.2 million shares on NASDAQ and EASDAQ, raising net proceeds to the company of $101 million in the midst of challenging market conditions. Autonomy is now looking to broaden its geographical footprint, extend the brand and pursue an acquisition strategy to drive territorial coverage and extend the reach of the core technology into new markets.
Going forward, we are excited about our future and we will continue to execute our strategy of leveraging our indirect distribution channels to drive forward our business into new markets and our technology into new areas.`` |
