Autonomy endured a slight downturn in revenues to post its 13th consecutive profitable quarter.
Autonomy Corp. plc endured a slight downturn in revenues to post its 13th consecutive profitable quarter, the search and knowledge management software company announced Friday.
In San Francisco-based Autonomys first quarter ended March 31, the company posted revenues of $11.96 million, down from the $14.1 million it recorded in last years first quarter. It managed a $1.3 million profit on that revenue, down from $3.4 million in Q1 2003.
Mike Lynch, group CEO of Autonomy, said in a statement that the results were in line with "market expectations."
He described sales as "stable" despite the "negative effects of the general uncertainty arising from the war in Iraq."
Autonomy generated 30 percent of sales in the quarter from existing customers. U.S. government agencies accounted for 15 percent of sales.
Also on Friday, Autonomy announced a new contact center operations product called Audentify, which provides call recording, storage, call analytics, and real-time agent assistant and e-learning.
In other late week earnings news:
Hummingbird Ltd. saw revenues nearly steady at $47 million in its fiscal second quarter, up from $46.1 million in the same period a year ago. Profits were down though, to $1.8 million from $4.7 million last year at the Toronto-based knowledge management software company.
Pivotal Corp. continued the downward trend seen this week in the CRM sector as its fiscal third-quarter revenues fell to $13.1 million from $17.7 million in the same period a year ago. License revenues were hardest hit, falling from $7.5 million to $3.6 million. The Vancouver, B.C.-based company lost $4.4 million on that revenue after losing $3.4 million in the last fiscal years third quarter.