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News > International
Autonomy sees strong 4Q
January 5, 2001: 5:15 a.m. ET

Web data management company issues statement, boosts share price
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LONDON (CNNfn) - Autonomy Corp., which has seen its shares crushed by profit warnings from tech rivals, reassured investors Friday and said it continues to enjoy strong growth.

graphicAutonomy's stock shot up 12.8 percent to 1,478 pence in early London  trade, after losing more than a third of its value this week.

The Anglo-American firm went straight into the FTSE 100 index of blue-chip companies after listing on the London Stock Exchange two months ago but has since seen its share price tumble more than 50 percent.  

"We have not experienced a slow-down in our overall revenue growth during the fourth quarter of 2000 and have seen strong growth from the third quarter of 2000, " Chief Executive Mike Lynch said in a statement.

The Cambridge, England, and San Francisco-based company went on the offensive by issuing a statement. Earlier this week German Web software maker Intershop Communications AG warned fourth-quarter profit and sales won't meet expectations, hammering the rest of the sector. graphic

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