Sub-prime to drive Autonomy sales for "two years".
Investors Chronicle - magazine and web content, January, 2008
Software provider Autonomy expects more giant deals as legal impact of debt crisis hits more banks Tim Bradshaw
With forecast-busting results now declared, it was Autonomy chief executive Mike Lynch's bullish outlook that boosted the company's shares. Autonomy has already won its biggest-ever deal, worth around GBP70m, from a large bank hoping its technology will aid a legal case amid the fall-out from the sub-prime crisis. Dr Lynch says Autonomy is now working with "pretty much all of the other large banks on very similar products", and expects to announce more deals in the "next couple of months". "You should think of this as a two-year event," he told analysts in response to questions on the sustainability of such revenues.
But would-be investors...
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