Summary
SHARES in Autonomy, the software firm, dropped almost 9pc after its third quarter results disappointed investors. Profit margins were hit by higher than expected launch costs for a new database product. Had it not been for a lower tax charge, earnings may have undershot City forecasts.
Founder Mike Lynch was keen to stress that figures for the third quarter were a hiccup. 'We did a big product launch and had a set of one-off costs for that,' he explained.See the full content of this document
Extract
Autonomy Shares Dip As Profits Disappoint
Autonomy, whose software ...
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