The company also recorded its twelfth consecutive quarter of profitability, but only just; net income for the quarter narrowed to $0.9m, compared to the $2.0m recorded in the same period a year-ago. Autonomy, which maintains dual headquarters in Cambridge, UK and San Francisco, California, said that the latest set of results were in line with consensus forecasts. European sales once again dominated the quarter’s figures, accounting for nearly 60% (or $7.5m) of overall revenue.
For fiscal 2002, Autonomy’s revenue totaled $50.9m, down 3% from the $52.5m recorded a year ago. However, profits narrowed for the year to $6.1m, from $9.4m in 2001.
CEO Mike Lynch commented on Autonomy’s on-track OEM program and significant new product wins during the quarter. OEM-derived revenues for the fourth quarter accounted for approximately 20% (or $2.2m) of revenue. Just under 20 new OEM agreements were signed in 2002 including major product wins such as EDS Corp, Citrix Systems Inc and ATG Inc, as well as expanded relationships with Computer Associates International Inc, Vignette Corp, and BEA Systems Inc.
We continue to remain confident about our prospects, particularly given the ongoing demand from large corporate and government clients buying into our established and new product suites, he added. Major blue-chip wins in 2002 include Boeing, European Commission, Harrah’s, and Omnitel Vodafone.
Government, in particular homeland security, remains a core focus for Autonomy. During the year, the company achieved what Lynch called key infrastructure wins…for over 30 intelligence related and classified organizations in the US. Autonomy has also had considerable success in the telecommunications and media sectors. In 2002 we pushed our technology into new applications areas, becoming the content back bone for new third-generation mobile telephone systems for Hutchison 3G and video-management technologies for leading players such as the BBC, Lych added.
Source: Computerwire
