Enterprise search company Autonomy has reported a 10% increase in net income to $36.76m for the third quarter 2009, compared to a net income of $33.43m in the year-ago quarter. Revenue increased 51% to $191.6m. Skip related content
Operating income increased 7% to $50.6m, while diluted EPS remained flat at $0.15. Cash flow generated from operations was $97.8m compared to $59.6m in the same period last year.
The company signed 11 OEM deals and repeat business from existing customers accounted for approximately 45% of revenue. It had 13 license transactions over $1m compared to 8 for the third quarter of 2008. Geographically, Americas revenue grew 64% to $136m, while Rest of World revenue increased 27% to $56m.
For the nine-month period, the company reported a 52% increase in net income to $122.15m compared to a net income of $80.35m a year ago. Revenue increased 44% to $516.57m.
Mike Lynch, CEO at Autonomy, said: "We delivered strong growth despite the usual seasonality and challenging comparatives against the strong performance in Q3 2008. We were pleased to note that the cash generation of the business since the beginning of the year has been so strong that our cash balance already covers the remaining part of the debt we took out just six months ago to fund the Interwoven acquisition. We feel that should an upturn materialize we are well positioned to accelerate our growth."
